SPECIAL REPORT: Interest heats up Southeast Asia discovery, production
Exploration and appraisal drilling in Southeast Asia has continued at high levels through 2006 as oil companies, flush with cash, seek to replace reserves.
CERA: US motor fuel market being transformed
The US motor fuel market is being transformed by higher prices, tightening environmental requirements, changing demographics, growing world demand for oil, and expanding fuel options, said analysts at Cambridge Energy Research Associates (CERA), Cambridge, Mass., a leading energy advisor.
Calderon proposes opening Mexico’s oil industry
Mexico’s new President Felipe Calderon proposes opening the country’s oil industry to international oil corporations to help increase crude oil exports.
WATCHING THE WORLD: The switch to biofuels
Is the day approaching when countries around the globe will switch from oil and natural gas to biofuels?
Small producers cite struggles in UK N. Sea
Small oil and gas companies are struggling to acquire and develop acreage in UK licensing rounds because of intense competition and high taxes, company executives said at a conference in London.
Tighter oil market likely in 2007, analyst says
The oil market is likely to tighten in 2007 with global demand for crude up by 1.7 million b/d, non-OPEC production growing by just 1 million b/d, and only a 1.1 million b/d increase in refining capacity, said Edward L. Morse, managing director and chief energy economist for Lehman Bros. Inc., New York.
OCS leasing bill pulled from House floor
US House leaders pulled the Senate’s Outer Continental Shelf oil and gas leasing reform bill from the floor on Dec. 5 because there were not enough votes to pass it under special fast-track rules.
COMPANY NEWS: Talisman sells noncore oil sands assets in two deals
Talisman Energy Inc. agreed to sell some of its noncore oil sand assets in two deals worth a total of $582.5 million (Can.).
PERSONNEL MOVES AND PROMOTIONS: Petrobras changes international area executives
Petroleo Brasileiro SA (Petrobras) has made several changes to its international area executive staff, all effective Jan. 1.