Whether written about in an industry trade publication such as Oil & Gas Journal or a consumer magazine such as Popular Mechanics (PM), the discussion about what fuel will power the world’s increasing transportation needs-and how well it will do it and at what cost-is important.
The story often is told that in 1897 William Randolph Hearst, publisher of the New York Journal, sent artist Frederic S. Remington to Cuba to record a developing war between the US and Spain.
The energy bill passed by the House Jan. 18 tries to annul a question at the core of the year-long, price-threshold controversy about deepwater royalty relief.
The March contract for benchmark US crude closed above $59/bbl on the New York market for the first time in 2007 on Feb. 2 on the strength of forecasts that a severe cold front would hike heating demand 36% above normal in the Northeastern US, the largest heating oil market.
Environmental and political enthusiasm in the West for getting rid of oil as an energy source may have major unintended consequences through its impact on decisions by a handful of key oil exporters.
The administration of President George W. Bush increased its request for fossil fuels by 33% to $863 million as it released its fiscal 2008 budget proposals on Feb. 5.
Fewer natural gas reserves are being added for every dollar spent on exploration and production, and higher costs are undermining the economics of drilling more gas wells, Cambridge Energy Research Associates said in a recent report.
Former Yukos head Mikhail Khodorkovsky knows where he stands in Vladimir Putin’s Russia regarding new charges brought against him and business associate Platon Lebedev.
Congress should resist mandating higher volumes or quicker implementation of biofuels beyond the existing federal renewable fuels standard (RFS), a National Petrochemical & Refiners Association official told a US Senate committee Feb. 1.
Exploration geologists have expressed an interest in the hydrocarbon potential of the Mesozoic basins of eastern North America in the last three decades.
Houston-based Particle Drilling Technologies Inc. has successfully tested a new drilling system, designed to enhance the rate of penetration through hard rock.
In September 2006, BP and Baker Oil Tools achieved an industry milestone with the successful installation of the world’s first monobore expandable liner extension system, in a commercial well in BP’s Arkoma asset in southeast Oklahoma.
The isomerization process is playing a significant role for refiners in the FSU as they try to maintain gasoline pool octane and comply with more stringent gasoline pool requirements.
