Special Report: Energy to be main focus for incoming president, Congress
US economic problems dominated the 2008 presidential campaign as the two major nominees prepared to meet in their second debate last week.
Point of View: More money for technology needed for the oil industry
Innovative entrepreneur Gennady “Gene” Moshkovich has established several companies that cater to various aspects of the oil industry, especially desulfurization: He currently is CEO of DS2Tech Inc.
Russians: ‘Kazakhs want to use ESPO pipeline’
Russian Energy Minister Sergei Shmatko said Kazakhstan’s state-owned oil pipeline operator KazTransOil is interested in transporting Kazakh oil through Russia’s East Siberia-Pacific Ocean pipeline.
Political uncertainty reduces Indonesian production
Indonesia’s declining oil production, as well as its recent departure from the Organization of Petroleum Exporting Countries, is the result of political uncertainty in the country, according to a media report.
Watching The World: Electrifying news for Bodman & Co.
US Energy Sec. Samuel Bodman seems a little behind the times when it comes to alternative fuels and the interests of carmakers.
Egypt struggles to meet demand growth for natural gas
Egypt has awarded a drilling contract to the recently formed Egyptian Offshore Drilling Co. (EODC), a joint venture of Toyota Tsusho 50%, Egyptian Natural Gas Holding Co. 35%, and Ganoub El-Wadi Petroleum Holding Co. 15%.
US independents report cuts to drilling budgets
Chesapeake Energy Corp., Oklahoma City, along with Petrohawk Energy Corp. and ATP Oil & Gas Corp., both of Houston, are cutting their drilling budgets and focusing on their best prospects due to the deteriorating economy and declining demand.
Watching Government: Peterson’s energy legacy
US Rep. John E. Peterson (R-Pa.) could take pride in watching Outer Continental Shelf oil and gas leasing moratoriums expire Sept. 30.
NGSA: No change in wholesale price pressure this winter
Pressure on domestic wholesale natural gas prices this winter heating season will mirror last year’s because producers have drilled more wells, and technology has helped them improve recovery rates, the Natural Gas Supply Association said in its annual forecast on Oct. 2.
Africa, EU develop energy cooperation actions
Last month the African Union Commission and the European Commission jointly established an Africa-European Union energy partnership that could attract more than €1 billion in EU funds for concrete energy investments in Africa.