The Free Enterprise Action Fund (FEAOX) is pushing the ConocoPhillips board of directors to review and report the costs and benefits of company efforts to comply with climate change regulations.
Oil consumers have reason to feel relieved that Saudi Arabia hasn’t increased production by more than the 300,000 b/d now widely disparaged as inadequate.
Days after the massive May 12 earthquake hit the Sichuan province of central China, its potential impact on world energy markets remained uncertain, but damage to hydroelectric and nuclear power plants could prove critical, analysts said.
With a reform effort under way in its premier oil producer and with production climbing elsewhere in the region, Africa remains a prime target for international oil and gas investment.
Tullow Oil PLC will make history when it delivers first oil from Jubilee oil field off Ghana in 2010 through a floating production, storage, and offloading vessel.
Despite billions of dollars in revenue from oil exports, many African oil-producing countries continue to suffer poverty and disease, largely due to corruption, conflict, and mismanagement.
Officials from the US Department of the Interior’s Minerals Management Service participated in a media forum May 15 with representatives from the US Coast Guard and the American Petroleum Institute to discuss new final rules regarding enhanced information on hurricane conditions.
The question of “which comes first?” was dominant as oil shale development proponents told a US Senate committee May 15 that regulations need to be developed, and opponents said impacts need to be quantified.
When he came before the Senate Appropriations Committee’s Financial Services and General Government Subcommittee on May 14, Federal Trade Commission Chairman William E. Kovacic told the chairman, Richard J. Durbin (D-Ill.), exactly what he wanted to hear.
The US could forfeit several billion barrels of oil equivalent if the Senate doesn’t ratify the Law of the Sea treaty soon, warned Sen. Lisa Murkowski (R-Alas.) in a May 8 floor speech.
Political activists say Royal Dutch Shell threatens to trigger greater conflict in Iraq with plans to control the development, production, and depletion of the country’s oil.
Verenex Energy Inc., Calgary, contemplates the southern part of 1.5 million acre Area 47 in Libya’s Ghadames basin as the core for an initial production phase of up to 50,000 b/d of oil by early 2010.
Today’s deepwater well interventions usually require big drilling rigs to place and pull heavy risers, but engineers visualize vessel-based, rigless interventions in future.
The inherent design features of current pine-in-pipe-in-pipe technology allow LNG to be transferred both subsea and buried onshore safely and securely, with minimal risk to the environment.
