SPECIAL REPORT: Sulfur rules shaping global construction
Tightening specifications for the sulfur content of gasoline and diesel fuel are shaping global construction in the oil and gas industry.
FTC opposes Western Refining’s merger with Giant
The US Federal Trade Commission said it will oppose Western Refining Inc.’s planned $1.4 billion acquisition of Giant Industries Inc. because it would significantly reduce competition in northern New Mexico’s light products market.
US EPA establishes RFS program requirements
The US government announced a requirement for refiners, blenders, and importers to increasingly use renewable fuels from 2007 through 2012.
IOGCC issues guidebook of produced water data, research
The Interstate Oil & Gas Compact Commission has issued a guidebook cataloguing produced water data and water processing techniques used by oil and gas operators across the US.
WATCHING GOVERNMENT: Price-gouging salvos begin
The US summer driving season is 6 weeks away, and the first gasoline price-gouging salvos of 2007 have been exchanged.
Shell to pay $353 million in reserves settlement
Royal Dutch Shell PLC agreed to pay $352.6 million, plus administrative costs, to investors outside the US in a settlement related to a series of reserves writedowns.
SPE industry groups approve new reserves definitions
Society of Petroleum Engineers (SPE) board members approved a new Petroleum Resources Management System, ending 2 years of collaboration by SPE, the World Petroleum Council (WPC), the American Association of Petroleum Geologists (AAPG), and the Society of Petroleum Evaluation Engineers (SPEE).
COMPANY NEWS: IOC, OIL move for Congo assets suffers setback
A move last month by India’s Indian Oil Corp. (IOC) and its partner Oil India Ltd. (OIL) to acquire French energy firm Maurel & Prom’s (M&P) assets in the Republic of Congo (Brazzaville) has hit a stumbling block.
WATCHING THE WORLD: No cigar in Tokyo
Oil and gas were on the agenda when Japanese Prime Minister Shinzo Abe and Chinese Premier Wen Jiabao met in Tokyo last week seeking to build “mutually beneficial strategic ties and a steady improvement in relations.
PERSONNEL MOVES AND PROMOTIONS: ExxonMobil makes executive appointments
ExxonMobil Corp. has made several executive appointments.