The fluctuation of crude futures prices on the New York Mercantile Exchange in March ended the first quarter of 2008 with a bang, said Paul Horsnell, Barclays Capital Inc., London.
BP PLC and ConocoPhillips announced they will join resources to build a 4 bcfd natural gas pipeline extending from Alaska’s North Slope to markets in Canada and the US.
When Independent Petroleum Association of Mountain States members came to Washington, DC, for their annual “call-up” visits to Congress and regulators in early April, other business leaders from their communities came along.
Two US Senate Energy and Natural Resources Committee members said on Apr. 3 that they will push for more aggressive financial market regulation if they don’t get a better idea of speculators’ impacts on crude oil prices.
The Chukchi Sea in Alaska could one day compare with the US Gulf of Mexico as a source of energy for the US, according to a statement by Rick Fox, assets manager of Royal Dutch Shell PLC’s Alaskan unit.
US House Energy and Commerce Committee Chairman John D. Dingell (D-Mich.) recognizes some familiar complaints and proposals as Congress discusses energy and environmental issues in 2008.
The Changbei field area in the Ordos plateau, at the southern tip of the Gobi Desert, is twice the size of Beijing city and expected to supply dry methane to Beijing for the Olympic Games that begin Aug. 8, 2008.
The relatively short distance between North African natural gas fields and Europe’s consumer markets makes North Africa the most attractive source to meet future European gas demand.
