SPECIAL REPORT: US diesel use rising in ultralow-sulfur era
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.
IEA recommends UK energy policy improvements
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.
Study projects influence of national oil companies
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.
Mulva: energy interdependence rather than independence
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.
Purvin & Gertz: World LPG supply headed for surplus
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.
Senate energy leaders voice concerns in budget requests
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.
Waxman questions EPA’s handling of SoCal LNG project
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.
Rig shortages to delay Libya’s E&P projects
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.
WATCHING THE WORLD: Security: the Chinese view
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.