The front month crude contract hit record highs in either intraday trading or closings-usually both-in eight consecutive trading sessions Sept. 11-20 on the New York Mercantile Exchange.
Oil and gas companies in growing numbers are issuing sustainability reports in response to demand for information on corporate governance and risk-mitigation.
The UK oil and gas industry likely will survive the credit squeeze in the financial markets, a senior banker said in London, adding that the industry is important and cyclical.
Conflicting diplomatic schedules have caused Japan and China to postpone their next round of talks aimed at resolving a dispute over gas exploration rights in the East China Sea, according to Japanese Foreign Ministry press secretary Mitsuo Sakaba.
With its third legislative package on energy revealed Sept. 19, the European Commission is tackling head-on the nine countries opposed to ownership unbundling-the crux of its policy to open up energy markets to greater competition.
Geophysical methods will have important applications in commercializing unconventional oil and gas resources, a panel of geoscientists told the opening session of the Society of Exploration Geophysicists annual meeting Sept. 24 in San Antonio.
US state and federal air quality and environmental agencies are contemplating how to better estimate and measure the level of volatile organic compounds (VOCs) emissions coming from oil and gas production facilities.
State governments are the logical entities to implement and administer regulations for carbon dioxide storage, the Interstate Oil & Gas Compact Commission Task Force on Carbon Capture and Geologic Storage said.
At a time when energy issues supposedly had moved into the background in Washington, DC, the US Commodity Trading Futures Commission quietly held a timely-some might say overdue-hearing.
The US Government Accountability Office has agreed to examine relationships between refining capacity and gasoline prices and demand in response to requests from Connecticut’s congressional delegation and from US Sen. Charles E. Schumer (D-NY).
Palo Duro Energy Inc., Vancouver, BC, said it is preparing an exploration program for fall in the Palo Duro basin using proprietary electromagnetic technologies.
Brigham Exploration Co., Austin, has formed a new Wyoming joint venture and signed a letter of intent for a work program to explore and develop more than 240,000 gross acres of deep rights with multipay potential, including the Cretaceous Mowry shale, in the southeastern Powder River basin.
At the core of every successful unconventional gas play are two common themes: the continuous search for improvements in technology and the relentless pursuit of cost and operating efficiencies.
Requirements for cleaner fuels, rising demand for refined products, and the need to meet more stringent environmental regulations continue to increase demand for refining catalysts.
Looking closely at prevailing natural gas statistics for production, consumption, net export capability, and proved reserves of each country provides insight into how various countries’ natural gas industries are evolving relative to each other and why.
