Most of us after the holidays are ready for a change. That is why we try to make New Year’s resolutions, such as to lose weight, stop smoking, save more money, and spend more time with family.
The February contract price for benchmark US crude fell 9% Jan. 3-4 to near 18-month lows in the first two trading sessions of 2007 on the New York Mercantile Exchange.
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.
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.
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.
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.
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.
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).
This is the second of two parts on the exploration and production outlook for the West African countries that border the Gulf of Guinea and Congo Delta.
A group of authors led by a Statoil ASA specialist in marine geology has proposed an unconventional theory for the origin of salt that could have far reaching implications for oil and gas exploration.
Installation of solid expandable tubulars in combination with intelligent-well technology facilitates remedial operations in multilateral wells in a Saudi Arabia oil field producing from a limestone reservoir.
A detailed analysis of the US gasoline market shows that a market rebalancing will be under way by 2010, when additional refining capacity will reduce the imbalance between demand and supply.
Gulfstream Natural Gas System LLC created habitat replacement sites on the Gulf of Mexico seafloor during installation of its subsea pipeline as part of efforts to mitigate its effect on both epiflora-epifauna and fish.
