Biofuels producers confront evolving market unknowns
With biofuels likely to become a global industry by 2012, companies that emerge as leaders will have to be nimble and develop flexible strategies to negotiate inherent market uncertainties.
OECD report questions benefits of subsidies for biofuels
Governments subsidizing biofuels could support a fuel that is more expensive and more environmentally harmful than its corresponding petroleum product, a group in the Organization for Economic Cooperation and Development said in a report issued from Paris.
DOI auditor probe finds other royalties flaws at MMS
A US Department of Interior internal investigation found that four auditors in the Minerals Management Service’s Minerals Revenue Management division did not follow departmental procedures for reporting royalty and interest underpayment allegations before suing to recover the money.
NGSA sees little upward gas-price pressure this winter
High storage levels, steady drilling rates, and expected warmer-than-normal winter temperatures suggest there will be minimal upward pressure on natural gas prices during the coming US heating season, the Natural Gas Supply Association said in its annual forecast.
FERC considers revising gas pipeline reporting rules
The US Federal Energy Regulatory Commission has proposed revisions to financial forms, statements, and reports it requires interstate natural gas pipelines to submit.
Turkmen head invites foreign oil, gas investment
Turkmenistan’s President Gurbanguly Berdimuhamedow, who Sept. 20 met with US Sec. of State Condoleeza Rice, has encouraged international investment in his country’s oil and gas industry.
Surgutneftegaz studies oil pipeline expansions
Russia’s Surgutneftegaz, entering discussions over the feasibility of the planned East Siberia Pacific Ocean (ESPO) pipeline, said it can ensure production of 3 million tonnes/year of oil for transportation via the line.
Producers warn of harm from Alberta’s royalty proposals
Proposals for increased taxation of oil and gas production in Alberta have come under specific criticism from the producing industry.
WATCHING THE WORLD: Kurdistan deal riles officials
Government interference in any business is rarely a good thing, especially when it is the oil and gas business.
China, Russia to sign ESPO line construction agreement
Chinese Premier Wen Jiabao is scheduled to visit Moscow next month to meet with Russian Prime Minister Viktor Zukhov and sign an intergovernmental agreement for the construction of the East Siberia Pacific Ocean (ESPO) oil pipeline.