-
FACTS: Oil market suffering from investment lull of 1990s
The global oil market is suffering now from a lack of investments in the 1990s when oil prices were low and refining margins poor, said analysts at Fesharaki Associates Consulting & Technical Services Inc. (FACTS), Honolulu.
-
Gazprom to develop Shtokman alone, pipe gas to Europe
In a surprise move, Russia’s OAO Gazprom announced on Oct. 9 that it will develop giant Shtokman (Shtokmanovskoye) natural gas-condensate field in the Barents Sea without foreign partners and will pipe the gas to Europe rather than convert it to LNG for North American markets as had been planned.
-
WATCHING GOVERNMENT: Those elusive pass-throughs
Oil and gas prices have fallen more quickly than autumn leaves in the past few weeks, which has helped improve the US economic outlook.
-
Cavaney: Industry needs to reconcile good with bad
The oil and gas industry faces a huge paradox as executives from its biggest companies gather in Washington, DC, for the American Petroleum Institute’s 2006 annual meeting Oct. 15-16.
-
WATCHING THE WORLD: Japan exploring methane hydrate
In a bid to move Japan toward energy self-sufficiency, the country’s Ministry of Economy, Trade, and Industry is promoting technologies to provide new fuel sources, among them methane hydrate.
-
GAO recommends spending limits for SPR fill
The US Department of Energy could have saved about $590 million from late 2001 through 2005 if it had used a steady dollar value of crude oil over time to assure that more purchases were made for the Strategic Petroleum Reserve when prices were low, the Government Accountability Office says.
-
Congressional panel hears of produced water potential
Water produced with oil and gas can help relieve pressure on surface-water resources, witnesses told a US House Resources subcommittee hearing Sept. 26.