A presentation on future subsea oil and gas field development trends, challenges, and technology requirements was featured at PennWell’s Subsea Tiebacks Forum held last month in Galveston, Tex.
Energy prices slipped in profit-taking Mar. 2, ending a 7-day rally of consecutive gains on the New York market that had not been matched “since last year early in the summer,” said Olivier Jakob, managing director of Petromatrix GMBH, Zug, Switzerland.
While US demand for ultralow-sulfur diesel (ULSD) is expected to escalate, no industry or government organization has solid data on how much of the fuel will be available or needed.
Data on current and future offshore oil and gas production on the UK Continental Shelf (UKCS) should be more transparent so the industry is better informed about future drops in production, urged Claude Mandil, executive director of International Energy Agency, in London Mar. 1.
National oil companies, controlling 77% of global oil reserves, will gain geopolitical influence as their domination of worldwide production grows, says a study by Rice University’s Baker Institute for Public Policy.
ConocoPhillips Chief Executive Officer James J. Mulva said energy independence is a popular topic in the US, but believes that energy interdependence among worldwide energy companies is a more realistic goal.
World LPG prices, boosted by high oil and natural gas prices, have pushed up supply but depressed demand in developing markets, according to Craig Whitley of Houston-based consultancy Purvin & Gertz Inc. in opening remarks Mar. 6 to the firm’s 20th Annual International LPG Seminar in Houston.
US Senate energy leaders have formally raised questions about oil and natural gas-related aspects of President George W. Bush administration’s proposed fiscal 2008 budgets for the Departments of Energy and the Interior.
US House Oversight and Government Reform Committee Chairman Henry A. Waxman (D-Calif.) has asked the Environmental Protection Agency to supply evidence that politics did not play a role in EPA’s apparent decision to overrule career employees and award a permit to a proposed LNG project off Southern California.
Exploration and production programs in Libya are facing significant delays because of a shortage of drilling and workover rigs, according to Phoenicia Group, a Libya-based investment and trade consultancy firm.
The other day, I was chatting with one of China’s oil and gas people-let’s call him Ooh Hyun-who was at pains to tell me (and the world we watch) that his country does not deserve the bad press it gets these days.