Supply and demand balance reports issued by Bentek Energy LLC, an energy analyst based in Golden, Colo., have indicated in recent weeks a significant drop in North American natural gas production.
Integrated oil and gas companies have established subsidiaries to research and develop alternative and renewable energy sources, anticipating a global need for diverse new supply.
A 500-kw solar photovoltaic project, Solarmine, provides daytime electricity to Chevron Corp.’s part of Midway-Sunset heavy oil field in California’s San Joaquin Valley.
According to environmentalists and a growing array of politicians, biofuels are going to dramatically reduce our dependence on foreign oil supplies, replace dirty fossil energy with “clean” renewable energy, and sharply reduce carbon emissions.
US President George W. Bush has set ambitious goals for displacing gasoline with renewable fuels and has announced plans to double capacity of the Strategic Petroleum Reserve (SPR).
When the 110th Congress begins to examine the US Department of Interior’s proposed budget for fiscal 2008 in a few weeks, it will evaluate programs in DOI agencies.
Federal officials recognized the possibility that increasing royalty rates could reduce future initial deepwater oil and gas bonus bids, a Department of the Interior official told the Senate Energy and Natural Resources Committee Jan. 25.
US House members on Jan. 18 passed HR 6, which would repeal selected oil and gas federal tax incentives, pressure holders of deepwater leases issued without price thresholds to renegotiate, and redirect revenues to a new energy efficiency and alternatives research and development fund.
Adeputy speaker of Russia’s upper house of parliament last month said his country is a guarantor of energy stability and energy security for Asia-Pacific countries.
The administration of President George W. Bush supports repealing certain tax provisions favoring oil and gas and encouraging holders of deepwater Gulf of Mexico leases issued in 1998-99 without price thresholds to voluntarily renegotiate terms.
Promoting biofuels as an alternative to petroleum products, the Chinese government has set a goal of producing 2 million tonnes/year of biofuels by 2010 and 10 million tonnes/year by 2020, reported analyst Lijuan Wang of FACTS Inc., Honolulu.
Most E&P companies have turned to seismic surveys to map rock structure in an attempt to select the optimum position for a drill site, especially in offshore exploration.
Completion of China’s West-East Pipeline Project (WEPP) and its successful operation during the past 2 years has provided valuable experience that China is applying to future natural gas pipelines as the country strives to use more gas in the future.
