The making of energy and environmental policy has become a contest of numbers. Governments set measurable targets to boost consumption of fuels they like and to cut use of fuels they don’t.
The front-month natural gas contract was knocking at the $8/MMbtu level in intraday trading May 30-31 in New York, with investors expecting warmer temperatures across most of the US.
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.
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.
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.
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.
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.
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.
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.
This second of four parts on the formation and potential of the structured belt of the Western Canada Sedimentary basin begins with discussion of how the structures formed.
Widespread destruction during the 2005 hurricane season in the Gulf of Mexico has led to Louisiana creating additional Special Artificial Reef Site (SARS) locations for disposing of some offshore structures damaged during the storms.
Current industry trends in software design and careful examination of work patterns at pipeline operators have led to the development of new data management and analysis tools.
