POINT OF VIEW: Fusion of climate models and geology adds insight
Geologic knowledge can provide vital information for scientists modeling the climate, said Eric J. Barron, dean of the Jackson School of Geosciences at the University of Texas, Austin.
Loss of three companies could hurt Venezuelan investment
The withdrawal of ExxonMobil Corp., ConocoPhilips, and Petro-Canada from Venezuela under government pressure to nationalize private industry in that country could potentially limit the development of four heavy-crude projects, that could produce 600,000 b/d from the Orinoco reserve, analysts say.
‘Blue Dog’ energy plan counters House speaker’s program
As she promised in January, US House Speaker Nancy Pelosi (D-Calif.) announced a wide-ranging energy legislation package on June 28.
US House votes to delay oil shale leasing, development
The US House voted June 27 to delay for at least a year oil shale leasing and development required under the 2005 Energy Policy Act (EPACT).
New seismic data needed to make OCS decisions
Seismic data that are not several decades old are needed before the US Minerals Management Service’s new 5-year plan for Outer Continental Shelf oil and gas leasing is acceptable, a House subcommittee chairman said as he opened a hearing on the plan.
MMS royalty in-kind program exceeds revenue goals
The US Minerals Management Service’s crude oil and natural gas royalty in-kind program continued to exceed its goals during fiscal 2006, reported the Department of the Interior June 28.
COMPANY NEWS: Linn Energy to buy Dominion’s US Midcontinent E&P assets
Linn Energy LLC agreed to buy certain natural gas and oil exploration and production operations in the US Midcontinent from Dominion for $2.05 billion.
WATCHING THE WORLD: Chavez courts Russia, Iran
Venezuelan President Hugo Chavez returned home last week, fresh from visits that sought to strengthen political ties with fellow oil producers Russia and Iran.
PERSONNEL MOVES AND PROMOTIONS: Aztec Oil & Gas elects CEO and chairman
Aztec Oil & Gas Inc. has elected Franklin C. Fisher Jr. chief executive officer and chairman, effective July 15.