Ipsos Mori, the global research company, loves asking questions, and with the economic downturn, job insecurity, rising inflation, and record-high energy prices, anyone who is anyone has an opinion on the matter because it affects his or her pocket.
As financial crises rock two globally important, oil-dependent economies, a question looms for anyone with capital to expose to risk: Which is likelier to emerge from this turmoil as a promising and safe place to invest money—the US or Russia?
The Organization of Petroleum Exporting Countries agreed Sept. 10 to strictly comply with their September 2007 production quota of 28.8 million b/d, implying a possible compromise for de facto reduction of some 530,000 b/d of overproduction.
Venezuela was until recently the only source of a unique fuel option that bypassed the traditional yet capital intensive two-step conversion of bitumen-extra heavy crudes(B-EHC) to synthetic crude oil (syncrude) and then to refinery products.
The US oil and gas industry reported early progress as it began to recover from damage caused by Hurricane Ike, which made landfall over Galveston, Tex., in the early hours of Sept. 13.
An independent report showing that record amounts of speculative investment drove oil prices to record peaks in 2008 confirms that stronger market regulation is needed, federal lawmakers said.
Within a few short weeks, the potential for congressional energy compromises, which looked so bright at the beginning of August, began to look increasingly tarnished.
Santos Ltd. has rejected speculation suggested by a Sept. 15 report in the Australian Financial Review (AFR) that said: “Santos is facing a blowout in the clean-up bill from the world’s largest mud volcano in East Java” because the “disaster cannot be contained.”
Did anyone really think Moscow would just sit still as Washington, DC, and its allies attempted to extract oil and gas from Russia’s backyard in the Caspian and Central Asia?
By yearend 2009, Iran plans to complete many delayed petrochemical projects currently under construction, according to FACTS Global Energy in a report entitled, “An Update on Iran’s Petrochemical Projects.”
Biofuels could make up 10-15% of the global fuels mix in 20 years, although getting to the level will be more difficult than some might expect, consultant Accenture said in a recent report.
A self-redirected Talisman Energy Inc. expressed encouragement earlier this month at results from its first well in Ordovician Utica shale in Quebec’s St. Lawrence Lowlands.
Royal Dutch Shell PLC’s Nigerian subsidiary completed 4D seismic acquisition over deepwater Bonga oil and gas field off Nigeria in an effort to maximize ultimate recovery from the field.
The US and Canada will jointly map the unexplored Arctic seafloor where the two countries may have sovereign rights over oil, gas, and other resources, the US Geological Survey announced.
As the number of electrical submersible pump installations has increased in the Middle East, operating companies have started deploying more surveillance and optimization technology.
Petronas Caragali (Turkmenistan) Sdn. Bhd. recently had a platform installed for producing the oil and gas discovery it made in 2002 off Turkmenistan in the Caspian Sea.
Adjustments to a pipeline’s cathodic-protection program can help address possible hydrogen diffusion brought about by nonconformance with welding procedure specifications (WPS) during construction.
Although the oil and gas industry’s buzz over the hot gas shale plays in North America has pushed fracturing technology advances to the forefront, other production stimulation technologies continue to make progress as well.
