Firms can avoid EITI, FCPA pitfalls
In May, the Extractive Industries Transparency Initiative (EITI) published the “EITI Business Guide” to encourage oil and gas companies, as well as companies in other extractive industries, to support implementation of the EITI in countries that are developing or operating oil and gas assets.
Bush ends presidential OCS lease ban, presses Congress
Responding to congressional Republicans’ calls that he make the first move, US President George W. Bush has lifted a presidential withholding of oil and gas acreage leasing on the Outer Continental Shelf.
Oil and gas groups applaud Bush’s latest OCS order
Oil and gas trade associations and other business groups applauded US President George W. Bush’s July 14 cancellation of an executive order banning oil and gas leasing on 85% of the Outer Continental Shelf.
WATCHING GOVERNMENT: Oil state House Dems speak up
Oil state Democrats in the US House seem caught in a dilemma. On one hand, their party leaders advocate energy solutions that do not include oil and gas.
OPEC releases World Oil Outlook to 2030
The Organization of Petroleum Exporting Countries has released its oil outlook to 2030, citing various challenges to the oil market, including uncertainty of demand, rising costs, and environmental regulations.
IEA rolls out 2009 supply and demand forecast
The International Energy Agency has released its outlook for 2009 oil supply and demand.
FACTS: Mideast trade transformation under way
The Middle East will play an increasingly important role in the world oil market as it emerges as a new export force, according to a new report from a prominent energy consulting firm.
EPA proposes rules covering carbon dioxide storage
The US Environmental Protection Agency (EPA) released proposals July 15 for a category of injection wells for long-term underground carbon dioxide storage as Congress contemplates carbon capture and storage (CCS) technology.
API: US exploratory drilling up over 50% in 2Q
Oil and gas producers drilled over 50% more US exploratory wells in second-quarter 2008 than a year earlier, reported the American Petroleum Institute in its latest quarterly estimate of domestic well completions.
WATCHING THE WORLD: Shedding light on a dark market
It should come as no surprise that airlines based in oil-producing nations were the main drivers of new aircraft orders last week at the biannual Farnborough International Air Show.