SPECIAL REPORT: Oil, gas reserves inch up, production steady in 2007
Worldwide oil and gas reserves grew marginally from a year ago, and oil production declined slightly during 2007, according to Oil & Gas Journal’s annual survey.
Deloitte: Stanislaw sees changing role for oil companies
Oil and gas companies might want to redefine themselves as high-technology companies given growing public awareness of climate change and energy security, said energy consultant Joseph Stanislaw in a report entitled “Climate Change and Energy Security: The Future is Now.”
Deloitte: Consumers, oil execs differ on solutions
Oil and gas executives and consumers often disagree about how US energy challenges should be resolved, said results of a survey commissioned by Deloitte & Touche USA LLP.
Deloitte: Sieminski forecasts $80/bbl oil in 2008
Deutsche Bank AG Chief Energy Economist Adam Sieminski expects that light, sweet crude prices will average $80/bbl on the New York Mercantile Exchange in 2008.
Deloitte: NOCs seeking broader services, technology
National oil companies are seeking broader service capabilities and more technology, and this trend could prompt more consolidation among service companies, a speaker told the Deloitte & Touche USA LLP oil and gas conference Dec. 12.
Senate passes energy bill, drops two major provisions
The US Senate Dec. 13 passed an energy bill that does less than many Democrats had hoped but stands a greater chance of being signed into law.
WATCHING GOVERNMENT: Lugar: Energy needs attention
The winner of the 2008 presidential election will need to take bold steps to address energy and climate change problems despite the absence of substantive discussions from the current campaigns, said US Sen. Richard G. Lugar (R-Ind.) on Dec. 18.
WATCHING THE WORLD: Sino-Russian ‘cooperation’
China’s ambassador to Russia, Liu Guchang, recently said that there are broad prospects for cooperation on oil and gas between the two countries.