SPECIAL REPORT: OGJ200 earnings mixed as US production, reserves climb
The OGJ200 group of companies recorded a decline in earnings last year as greater expenses ate into returns.
SPECIAL REPORT: OGJ100 group posts improved 2007 results
National oil companies continue to head the lists of the world’s oil production and reserves leaders, according to Oil & Gas Journal’s survey of the top 100 oil and gas producers based outside the US, but more nongovernment corporations are breaking into the leading-producer rankings.
Global E&P investments for 2007 remain flat, study finds
Oil and gas companies’ 2007 global investment for exploration and development projects totaled $402 billion—unchanged from 2006, said the latest annual upstream performance review by IHS Herold Inc. and Harrison Lovegrove & Co. Ltd.
US Congress presses for energy votes by October
Acknowledging that they have less than 3 weeks before the next recess, congressional leaders on both sides of the Capitol said they will bring energy bills up for votes soon.
WATCHING GOVERNMENT: API on polar bears
The American Petroleum Institute said on Sept. 5 that it wasn’t questioning the US Department of the Interior’s decision to list the polar bear as a threatened species when it filed a motion on Aug. 27 to intervene in a lawsuit challenging the findings.
Alaska gas projects advance; consolidation urged
The Federal Energy Regulatory Commission, in its latest report to Congress Aug. 29, said that of the two major projects competing to deliver natural gas from Alaska’s North Slope, only one likely will be built, and it is urging that the sponsors work together to build that single line.
Reactions mixed as BLM issues EIS for oil shale
The US Bureau of Land Management issued a final programmatic environmental impact statement Sept. 4 to guide the use of public land containing oil shale and tar sands in three western states.
Producers forecast decline in oil, natural gas production from Indonesia operations
PT Chevron Pacific Indonesia (CPI), already under government scrutiny for alleged violations of its cost recovery claims, has forecast that production from its concessions will decline due to aging fields and seasonal floods.
WATCHING THE WORLD: Does OPEC cut by the numbers?
If anything can be counted on in the oil and gas industry these days, it is that the governments of Venezuela and the US are not going to see eye-to-eye on very much at all.