From faulty premises flow illogical conclusions. The energy plank of the Democratic Party’s presidential campaign platform starts wrong and ends wrong (see story, p.28).
Crude futures soared above $120/bbl Aug. 21 on the New York market for the first time in 2 weeks as both the US dollar and US-Russian relations deteriorated.
US-based oil and gas producers and refiners reported higher second-quarter 2008 earnings as a group, but individual company results were highly varied.
The American public is ready for energy solutions that look beyond traditional positions currently dominating political debate, a US Chamber of Commerce executive suggested at an Aug. 18 Houston energy conference.
While at their 2008 national convention in Denver, Democrats presented a campaign platform that included an immediate rebate for consumers confronting high gasoline prices and billions of dollars in investments to “establish a green energy sector that will create up to 5 million new jobs.
The Government Accountability Office has concluded that the US Chemical Safety and Hazard Investigation Board (CSB) could investigate more accidents if it would use its statutory authority to solicit other entities’ work in some cases.
Opening limited areas of the Outer Continental Shelf while enacting so-called “Use it or lose it” legislation and other counterproductive measures would be a mistake, said National Petrochemical & Refining Association Pres. Charles T. Drevna on Aug. 22.
US House Speaker Nancy Pelosi (D-Calif.) endorsed natural gas as a transition to alternative fuels but continued to place conditions on a possible vote to open more of the Outer Continental Shelf for oil and gas leasing.
China’s 2007 LPG output maintained its steady increase since 2002, while LPG imports continued their 5-year slide, according to a recently released study by FACTS Global Energy (FGE), Honolulu.
The fate of Russian oilman Mikhail Khodorkovsky has been written about before in this space and he has not been forgotten, especially in the heat of recent reports of Russia’s attack on Georgia.
There are an estimated 3.66 billion bbl of undiscovered oil and 651 tcf of natural gas north of the Arctic Circle in Russia’s West Siberian Basin Province, the US Geological Survey said in a recent report.
Zone Oil & Gas LLC, Buffalo, NY, signed an exploration and geophysical joint venture deal with Penn Virginia Corp., Radnor, Pa., to explore the Devonian Marcellus shale and Oriskany sandstone and Silurian Tuscarora sand in Pennsylvania.
Denbury Resources Inc., Dallas, plans to pay $600 million or more to acquire giant Conroe field north of Houston where it intends to begin injecting carbon dioxide within 5 years in a development project itself worth $750 million-1 billion.
The recovery of the land drilling market is accelerating in North America due to solid natural gas prices and a growing focus on deep shale gas, leading to drilling fleet expansions.
This article reports on development of a shortcut method that minimizes the calculation steps for obtaining the inhibitor concentration and injection rate required to depress hydrate formation to a desired temperature.
Natural gas pipeline operators saw their net profits surge nearly 19% in 2007 to $4.8 billion. US oil pipeline operators’ profits, meanwhile, were nearly unchanged, despite a more than 5.6% increase in operating revenues.
Expanded drilling of various natural gas supply basins, particularly new large shale plays, and construction of new LNG import facilities has helped create a historic pipeline infrastructure buildup in North America.
