Drilling advances warrant new look at leasing of Pacific OCS
Many facts about offshore oil and gas development relate to the formulation of a knowledge-based, rational national energy policy and should be a part of the current debate on offshore drilling legislation.
Senate approves Gulf of Mexico OCS leasing bill
The US Senate, by a 71-25 vote, passed legislation Aug. 1 to expand federal oil and gas leasing in the Gulf of Mexico.
WATCHING GOVERNMENT: US refining on tightrope
When the National Petrochemical & Refiners Association issued its annual US Refining and Storage Capacity Report on July 26, it provided a reminder that the US refining industry is walking a tightrope.
DOE: Storms caused biggest disruption ever in gulf
Hurricanes Katrina and Rita caused the biggest disruptions ever experienced by oil and operations in the Gulf of Mexico, said the US Department of Energy in its final 24-page report on the impact of the two storms in August and September of 2005.
PHMSA pressures BP for prompt ANS lines repair
The US Pipeline and Hazardous Materials Safety Administration (PHMSA) is increasing pressure on BP Exploration (Alaska) Inc. to improve its operations on Alaska’s North Slope after the BP PLC subsidiary failed to meet deadlines to repair and clean leaking Prudhoe Bay Operating Area pipelines.
DOS official sees progress in US-Caspian energy effort
The US has made substantial progress in its efforts to help Central Asian nations bring their oil and gas resources to markets, a US Department of State official told a US House subcommittee on July 25.
IEA presses for Russian natural gas sector reform
Massive volumes of natural gas wasted annually in Russia’s gas sector and the lack of investments in developing new fields to offset depletion of key producing fields “will begin to affect Russia’s position as a secure and reliable supplier” unless structural and regulatory reforms are introduced swiftly, cautions an International Energy Agency study released at the close of the G8 Summit in St. Petersburg.
CERA: UK winter natural gas prices likely lower than 2005
UK natural gas prices are likely to be lower than the levels experienced last winter despite declining production, uncertain import capacities, and limited storage, Cambridge Energy Research Associates said.
WATCHING THE WORLD: Tempura oil yielding fuel
Tempura is popular these days, and if certain Japanese industrialists have their way, it could even upstage oil as the source of energy for cars.
Study predicts rising condensate trade
Worldwide trade in condensates and ultralight crudes will remain strong through the middle of this decade, predicts a study by Poten & Partners, New York.