SPECIAL REPORT: Deep water, deep drilling stimulate Gulf of Mexico
The US Gulf of Mexico is one of three regions-including the North Sea and South China Sea-that together are expected to receive half of total offshore spending through 2011.
SPECIAL REPORT: Strategies: How two busy operators approach the gulf
Petrobras America Inc. and a segment of Anadarko Petroleum Corp., both of Houston, were among the top five companies with the highest number of accepted high bids of leases in Outer Continental Shelf Sale 200 in the Western Gulf of Mexico in August 2006.
GAO report shows US receives one of world’s lowest oil, gas revenue takes
The US government receives one of the world’s lowest government takes-revenue as a percentage of the value of production-from oil and gas produced from its lands, the US Government Accountability Office (GAO) said in a report issued June 1.
Brazil unveils growth program based on oil, gas
Energy projects included in the strategic plan of Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) are underpinning the country’s new “Program for Accelerated Growth” (PAC), an economic expansion program outlined recently by the country’s President Luiz Inacio Lula da Silva that is expected to be the lynchpin of his second term in office.
UK energy strategy stresses efficiency, nuclear power
Oil and gas from the UK North Sea will remain important in meeting the country’s energy needs, the UK government confirmed in its long-awaited Energy White Paper on May 23, but it stressed that nuclear power may have a role in diversifying the energy mix.
COMPANY NEWS: Dominion sells assets in deals totaling $6.5 billion
Loews Corp. and XTO Energy Inc. agreed to buy certain oil and natural gas producing properties in two separate deals from Dominion Resources Inc. for a total of $6.5 billion.
PERSONNEL MOVES AND PROMOTIONS: BP Refining names R&M chief executive
BP PLC has appointed Iain Conn chief executive of BP’s refining and marketing business, effective June 1.
WATCHING THE WORLD: Of chopsticks and ethanol
Is the oil and gas industry shaking? Maybe not, but Iowa corn growers could be doing so after billionaire investor George Soros last week called on the US and Europe to drop tariffs on imports of Brazilian ethanol.