COMMENT: Industry needs fresh approach to petroleum engineer training
As I contemplate attending the Oct. 13 homecoming at Louisiana Tech University to be recognized as a member of the graduating class of 1957, I look back with fond memories.
‘Measured’ approach needed for US fuels development, task force says
The US government must use its authority to stimulate timely technical advances and industry investment if it expects to use the nation’s unconventional fuel resources before the overall economy is harmed by global oil supply and demand imbalances, competition for supplies, and higher prices, a government task force concluded.
WATCHING THE WORLD: Environmental impacts
Environmentalism has long hindered development of the oil and gas industry. But now-in a variety of places around the world-it also has become the means of taking projects away from their developers and putting them into altogether different hands.
Chinese NOCs double domestic upstream spending
Upstream spending on oil and gas operations in China by that country’s three national oil companies jumped to $21.5 billion in 2006 from $12.6 billion in 2004, a greater increase than all of their international spending last year, including acquisitions.
MMS Lease Sale 204 attracts $290 million in apparent high bids
Apparent high bids totaling nearly $290 million were offered for 282 tracts in the western Gulf of Mexico at Lease Sale 204, reported the US Minerals Management Service Aug. 22 from New Orleans.
COMPANY NEWS: Transocean, GlobalSantaFe agree to merger of equals
Offshore drilling contractors Transocean Inc. and GlobalSantaFe Corp. agreed to a merger of equals, creating a company valued at about $53 billion.
PERSONNEL MOVES AND PROMOTIONS: ConocoPhillips announces management changes
ConocoPhillips has announced changes in several management positions effective Sept. 1.