Investment risky in Russia as politics affects profits
Increasing scrutiny this year of TNK-BP’s Siberian natural gas assets and actions subsequently taken follow unsettling patterns of behavior in the way the Russian government has been running its gas business.
IEA: Oil market to stay tight through 2012
The oil market, despite 4 years of elevated prices, will tighten further by 2012, predicts the International Energy Agency, Paris.
Senate panel told CSB needs more funding, authority
The US Chemical Safety and Hazard Investigation Board (CSB) needs more funding and authority if it is to be truly effective, witnesses told a US Senate subcommittee July 10.
WATCHING GOVERNMENT: Survey reveals energy muddle
American Petroleum Institute officials have said for several years that the public doesn’t understand how the oil and gas industry works.
Biofuels pitfalls need more study, say conferees
Amid the current clamor for biofuels development came cautions from a number of speakers at the first International Biofuels Conference in Brussels July 5-6 that biofuels are “no panacea” and that potential drawbacks need to be identified and avoided.
UK’s DTI revamped, renamed; Hutton picked to lead
The UK Department of Trade and Industry (DTI) has been revamped and renamed the Department for Business, Enterprise, and Regulatory Reform (DBERR).
DOI issues Utah oil shale lease to OSEC
The US Department of the Interior issued a research, development, and demonstration (RD&D) lease June 28 to Oil Shale Exploration Co. LLC of Mobile, Ala., for 160 acres of public land in eastern Utah.
WATCHING THE WORLD: An Argentine gas squeeze
Wracked by the need to boost its supplies of natural gas, Argentina is putting the screws to producers and certain consumers.
Bolivia vice-president assures Argentina to meet natural gas needs
Bolivia Vice-President Alvaro Garcia Linera has given assurances that his country will make every effort to meet Argentina’s rapidly increasing needs for natural gas.
Ecuador taking measures to increase oil production
Ecuador is taking steps to boost the country’s production of oil after output from state-run Petroecuador declined 14% during the first half of this year compared with the same period in 2006.