SPECIAL REPORT: OTC speakers see new era for the oil and gas industry
The oil and gas industry has entered a new era characterized by diversity of energy supply, market uncertainty, and changing roles for oil companies, said speakers at the Offshore Technology Conference in Houston Apr. 30-May 3.
SPECIAL REPORT: OTC Spotlight on Technology recognizes 14 technologies
The Offshore Technology Conference of 2007 recognized 14 diverse technologies in its Spotlight on New Technology Awards.
Venezuela takes operational control of Orinoco oil fields
Venezuela President Hugo Chavez’s government took over that country’s last remaining privately run oil fields on May 1, intensifying a decisive struggle with the oil industry over one of the world’s most lucrative deposits.
Malaysian pipeline, refinery complex in discussion stages
A proposed refinery complex and pipeline across northern Malaysia are at the discussion stage, according to a senior Malaysian official.
API: US drilling at 21-year high in 1Q
US oil and gas drilling reached a 21-year peak during 2007’s first 3 months and was nearly twice the level of first-quarter drilling activity during the 1990s, the American Petroleum Institute said on Apr. 26.
WATCHING THE WORLD: Trouble in Nigeria
The ink was barely dry on a report by the International Maritime Bureau about pirate attacks on oil ships and installations around the globe when some bad guys decided to put the findings in neon lights with an attack on a Chevron Corp. floating production, storage, and offloading vessel off Nigeria.
Onshore fields bolstered 2006 US gas output
Land drilling bolstered US gas production in 2006, a warmer than normal year characterized by lower imports from Canada, reduced LNG imports from fewer countries, and above average storage levels, said the US Energy Information Administration.
US officials defend exclusions used in land management
Categorical exclusions (CEs) from environmental documentation authorized under the Energy Policy Act of 2005 are not compromising federal lands in the US West, land-use officials told a hearing by two House Resources Committee subcommittees on Apr. 26.
WATCHING GOVERNMENT: Confronting split estates
Could 2007 be the year that US Congress addresses the split estates question?
Interior proposes 21 OCS lease sales in 5-year plan
NUS Interior Sec. Dirk Kempthorne announced a preliminary final 5-year Outer Continental Shelf leasing plan on Apr. 30 that DOI says could produce 10 million bbl of oil, 45 tcf of gas, and $170 billion in revenues if fully implemented.