Need a surefire way to liven up boring party banter? Just introduce the phrase “Big Oil” into a dying conversation with practically anybody, and spirited discussion will closely follow.
Mexico, Saudi Arabia, Venezuela, Nigeria, Algeria, and Russia will cut crude exports to the US by 2012, and the resulting gap between supplies and demand will intensify investments to develop Canada’s oil sands, claims Jeff Rubin, chief market strategist and economist at CIBC World Markets, the wholesale and corporate banking arm of Canadian Imperial Bank of Commerce.
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.
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.
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.
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.
The US Federal Energy Regulatory Commission has proposed revisions to financial forms, statements, and reports it requires interstate natural gas pipelines to submit.
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.
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.
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.
Our strategy is to automate BP’s business processes so that the organization can achieve its goals faster, smarter, and more efficiently than the competition.
BP’s US Onshore Business Unit, built largely through mergers and acquisitions, had seven different production/operations data capture and storage systems.
The Carnegie Mellon Software Engineering Institute’s Capability Maturity Model (CMM) describes organizational maturity as “continuous process improvement based on many, small evolutionary steps rather than revolutionary innovations.
Spark spread trends and volatility show that opportunities for gas supply through LNG vary from market to market and require careful contracting and risk management to position LNG favorably against competing fuels and sustain a competitive position.
