SPECIAL REPORT: Sustainability reports address safety, environmental issues
Environmental stewardship and employee safety ranked high among issues major oil companies addressed in the lengthy, nonfinancial disclosures for 2006 that some companies call sustainability reports and others, corporate social responsibility reports.
Onshore drilling threatens environment, House panel told
Onshore oil and gas activity in the Rocky Mountains is threatening public health and the environment in producing areas, witnesses told a US House committee on Oct. 31.
WATCHING GOVERNMENT: API donation turns political
Several people in Washington, DC, believe the oil and gas industry should pay more taxes and royalties.
Bingaman says energy bill needs more time
US Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM) said he does not expect to see a reworked 2007 federal energy bill to appear before the Senate takes its Thanksgiving recess in 2 weeks.
IEA warns of coal’s comeback in energy mix by 2030
China and India are expected to continue using coal as a major source of energy supplies, which would greatly increase the world’s carbon emissions, with drastic consequences for climate change, the International Energy Agency warned in a bleak picture looking at energy supply and demand until 2030.
New refining capacity totaling 13 million b/d seen by 2012
Wood Mackenzie Ltd., Edinburgh, expects 13 million b/d of crude distillation capacity to be built within the next 5 years out of the 20 million b/d proposed worldwide.
WATCHING THE WORLD: Keeping a grip on Sudan’s oil
For the oil industry, the news from Sudan is anything but good. Indeed, while using the Darfur problem to keep his grip on the country’s oil-rich south, Sudanese President Omar al-Bashir blames the US, the UK, and France for his problems.
Producers urged to double oil recovery efficiency worldwide
Producers should seek to double oil recovery efficiency worldwide and pursue the target through effective use of technology and wise management, says a former head of reservoir management at Saudi Aramco.
Former US senator sees drawbacks in royalty measure
A former US senator who helped formulate federal deepwater leasing incentives in the early 1990s warned that imposing price thresholds now on 1998-99 Gulf of Mexico leases could create major legal problems, delay further leasing, and encourage other countries to break agreements with US producers.
US House members trade charges as oil price climbs towards $100/bbl
US House Democratic and Republican leaders accused each other of inaction as oil prices climbed toward $100/bbl.