A group of oil companies and geophysical contractors is sponsoring development of a software program designed to improve the detection of marine mammals near seismic surveys and in underwater activities requiring explosives.
US Minerals Management Service Director Johnnie Burton questioned comparisons that apparently were the basis of allegations that federal natural gas royalty collections have not kept pace with rising prices.
National Petrochemical & Refiners Association Pres. Bob Slaughter disputed allegations that major oil company executives did not want to testify at a Feb. 1 Senate committee hearing on industry concentration and its possible impact on prices.
Saudi Arabia’s King Abdullah bin Abdulaziz al-Saud and Chinese President Hu Jintao, following a recent summit meeting in Beijing, have agreed to a landmark accord on oil, natural gas, and minerals as part of five main areas of cooperation between their two countries.
With today’s higher wellhead prices for crude and natural gas, governments of many producing countries are reexamining the fiscal terms of their production-sharing contracts (PSCs) in hopes of increasing their income.
Transportation and handling of LNG is not a zero-risk activity because of both potential accidents and intentional events, but new risk-based analysis approaches make risks that cannot be eliminated manageable.