Part 1: Oil companies adjust as government roles expand
In the energy industry, the world is not flat. Concentration of oil and gas resources in a handful of small, powerful, and resource-nationalistic governments and their respective national oil companies (NOCs) has created an uneven playing field for international oil companies (IOCs).
CSB’s final report cites ‘broken safety culture’ at BP
BP PLC had a “broken safety culture” at the time of the Mar. 23, 2005, fire and explosion at its 460,000 b/d Texas City, Tex., refinery that killed 15 people and injured 180 others, the US Chemical Safety Board (CSB) said at a news conference Mar. 20 outlining details of its final report.
API prepares standards after Texas City plant accident
US refiners are applying lessons learned from the Mar. 23, 2005, fire and explosion at BP America Inc.’s Texas City, Tex., refinery to improving existing operating practices and standards and developing at least one new recommended procedure, American Petroleum Institute officials said Mar. 16.
GAO recommends fuller studies of LNG spill impacts
Government policymakers seeking to determine where new LNG terminals are to be located and how existing facilities and tankers can be protected need additional studies conducted examining potential problems resulting from large LNG spills, said the Government Accountability Office in a new report.
WATCHING THE WORLD: Indonesian gas figures wobble
Indonesian gas is a hot topic, judging by the number of e-mails crowding my inbox these days.
Company sales dominate 2006 global upstream mergers, acquisitions
Worldwide transaction values for upstream corporate and asset deals totaled more than $166 billion last year compared with more than $160 billion during 2005, consultants said in an annual report.
Russian oil service outlays to double, analyst says
Expenditures for drilling, seismic surveying, and workover programs in Russia amounted to $11.4 billion in 2006 and is forecast to rise to $22.5 billion by 2011, according to a recent study from energy analyst Douglas-Westwood Ltd.