NIGC plans steady growth for Iran’s gas infrastructure
National Iranian Gas Co. plans steady expansion of transmission and processing infrastructure in a program that envisions increases in imports and exports of natural gas.
FTC looks into Plains states’ diesel fuel price hike
US Federal Trade Commission monitors of gasoline and diesel fuel prices have detected sudden price increases for diesel during the last 2 weeks in the Mississippi River Valley from Arkansas to Minnesota and westward to the Dakotas.
BLM leasing grows in Utah despite deferrals
The US Bureau of Land Management’s Utah office, which expected to have significantly greater interest in its Aug. 15 oil and gas lease sale than a year earlier, leased 86% more parcels covering 92% more acres after rejecting several nominations and deferring others.
Contested GOM lease sale proves ‘best in 9 years’
The Aug. 16 western Gulf of Mexico Lease Sale 200 was “the best in 9 years,” said US Minerals Management Service officials, despite a federal judge’s warning that pending court action by Louisiana state officials could overturn that sale.
Alaska to review Prudhoe Bay field liabilities
Alaska Atty. Gen. David Marquez said a taskforce is reviewing the state’s legal rights regarding the partial shutdown on Prudhoe Bay oil field and the extent BP Exploration (Alaska) Inc. might be held responsible for losses incurred by the state.
Petrobras plans $18 billion gas development
Bolivia President Evo Morales’s decision May 1 to take control of the country’s oil and gas fields has prompted Brazil to seek alternate gas suppliers.
WATCHING THE WORLD: Chavez blowing smoke
Venezuela President Hugo Chavez toured Asia and Africa last week, in particular China, where he tried swapping oil for political favors.
Rising energy prices not causing inflation yet
US monetary policymakers are watching to determine if rising oil and natural gas prices are accelerating inflation.