World Public Opinion.org, an international collaborative internet project to “give voice to public opinion” on international issues, released the results of a recent poll that claimed, “Majorities in 15 of 16 nations surveyed around the world think that oil is running out and governments should make a major effort to find new sources of energy.
Growing demand for crude combined with the slowdown in production of new supplies in other countries is placing the Organization of Petroleum Exporting Countries in a powerful position, say industry analysts.
A US House subcommittee’s hearing to examine the adverse impacts of rising diesel fuel prices on truckers became the latest forum for Democrats to demand crackdowns on oil market speculators and Republicans to call for expanded access to remaining domestic resources.
Using authority it received in energy legislation late last year, the US Federal Trade Commission on May 1 took the first step to determine whether it should develop a formal rule defining and prohibiting oil market manipulation.
A climate change bill headed for the US Senate floor in early June could greatly reduce domestic natural gas production and send refining production and jobs overseas, according to a new report commissioned by the American Petroleum Institute.
US Senate Republicans responded May 1 to near record-high oil prices with a bill to authorize leasing within the Arctic National Wildlife Refuge and increase access to the Outer Continental Shelf.
President George W. Bush and his administration share part of the blame for the US not having increased its domestic oil and natural gas supplies, the chairman of the US Senate Energy and Natural Resources Committee said May 2.
The US and French governments, deeply concerned about attacks on oil tankers, have introduced a draft United Nations resolution that would allow countries to pursue pirates from the high seas and into territorial waters to arrest them.
Offshore oil and gas exploration in Alaska’s Chukchi Sea could face delays or even be halted after a US federal judge ordered the Department of Interior to decide within 2 weeks whether to list polar bears as an endangered species.
StatoilHydro drilled and completed a long horizontal well off the Gullfaks-A platform, increasing the possibility of platform drilling to remote prospects.
Refiners can execute many projects at a lower cost and in less time using a “design-build” approach that bypasses the front-end engineering and design (FEED) package.
Between January 2008 and the end of second-quarter 2009, 29 pipeline and LNG terminal projects are scheduled to be completed in and around the Southeast US-Gulf Coast.
Managing drilling fluids economically and optimizing their effectiveness while still keeping those operations environmentally benign can be among the trickiest balancing acts operators and drilling contractors face today.
