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SPECIAL REPORT: US energy market to expand in 2007 as prices ease
US energy demand will increase this year as the economy grows at a tempered pace.
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SPECIAL REPORT: Growth expected for global oil demand, production
Worldwide demand for oil will climb 1.4 million b/d in 2007, following growth of just 900,000 b/d last year.
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SPECIAL REPORT: Lower drilling growth seen in US, drop in Canada
Price uncertainty, especially for gas, overshadows the forecast for US and Canadian drilling in 2007.
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COMMENT: Sakhalin-2 deal will alter business climate, markets
The agreement between Royal Dutch Shell PLC and OAO Gazprom, the Russian state-owned natural gas company, under which Gazprom will become the majority shareholder in the Sakhalin-2 LNG project demonstrates that western oil companies will no longer be able to obtain majority stakes in major Russian hydrocarbon assets.
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Democrats put global warming at center of energy plans
In their first day back in charge, US Senate Democrats said they intend to aggressively address global climate change by developing energy alternatives to oil, gas, and coal; by improving energy efficiency; and by shifting tax incentives from traditional energy sources to emerging technologies.
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Bush lifts leasing bans on two OCS areas
US President George W. Bush has opened two Outer Continental Shelf areas for new oil and gas leasing after removing tracts in Alaska’s North Aleutian basin (more commonly known as Bristol Bay) and the Central Gulf of Mexico from the presidential withdrawal list.
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WATCHING GOVERNMENT: EIA hikes oil flow outlook
The US Energy Information Administration won’t present its 2007 Annual Energy Outlook (AEO) for a few more weeks.
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US foreign policy must consider changing energy world
US foreign policy needs to better recognize the impacts of a changing energy world, experts told the US Senate Energy and Natural Resources Committee on Jan. 10.
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WATCHING THE WORLD: After prison, the book tour
Filmmaker John Ford would have loved this tale of Ireland’s little men making their misguided stand against the oil industry.
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Venezuela to nationalize Orinoco oil operations
Venezuela’s President Hugo Chavez announced a series of measures Jan. 8 to change the face of the country’s economy and lead it further onto a socialist path.
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IEA: EU copes with Russian oil export delays
The International Energy Agency Jan. 9 said European oil markets would cope with the halt of Russian oil exports via the Druzhba (Friendship) pipeline across Belarus, but it nonetheless called for a quick and clear resolution to the problem (OGJ Online, Jan. 8, 2007).