Saudi Arabia has been limiting production to raise oil prices while blaming the effects on speculation and US refining problems, a London think-tank says.
The US National Oceanic & Atmospheric Administration (NOAA) forecasts this winter will be 2.8% warmer than the 30-year norm for the US in December through February but still 1.3% cooler than last year.
US Securities and Exchange Commission (SEC) director John White recently announced the commission’s intentions to hire an Engineering Fellow to evaluate its reserves disclosure rules and determine whether changes need to be made.
The White House has notified US House Speaker Nancy Pelosi (D-Calif.) that President George W. Bush would veto any energy bill that reduced instead of increased domestic production, raised taxes or used the tax code to single out specific industries, or imposed price controls that would bring back long gasoline lines reminiscent of the 1970s.
Small building and contracting businesses potentially would benefit from energy efficiency provisions in legislation that the US House passed earlier this year, three witnesses told the Small Business Committee on Oct. 17.
The chairmen of a US House committee and one of its subcommittees are seeking more information about a recent oil exploration contract that Hunt Oil Co. signed with the Kurdistan regional government in Iraq.
Trade association Oil & Gas UK (OGUK) has launched a new framework agreement to help operators clarify decommissioning liabilities for infrastructure on the UK continental shelf.
Turkmenistan President Gurbanguly Berdimuhammedov, following his recent public criticism of the country’s oil and gas output, is said to be planning changes in the industry’s administration.
Royalite Petroleum Co. Inc., an Austin independent that owns 100% working interest in more than 67,000 acres in Central Utah’s Hingeline trend, also hopes to explore near recent gas-condensate discoveries in the northwestern Paradox basin.
India’s Petroleum Ministry has asked state-owned Oil & Natural Gas Corp. to review its existing mechanism for developing marginal fields, in order to ensure more attractive fiscal packages to attract service contractors.
As have other operators with lean feed acid gas containing benzene, toluene, and xylene (BTX), Saudi Aramco has dealt for years with chronic Claus catalyst deactivation, low sulfur recovery, and frequent shutdowns to replace catalyst.
