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Editorial: The whipsaw effect
Extreme swings in the price of oil are bad for everyone. Price-related political mistakes compound the damage.
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Special Report: POINT OF VIEW: New SEG chief keeps eye on nonseismic advances
Moving new seismic methods from theory to practice can require attention to progress in separate but related scientific and engineering disciplines, says the incoming president of the Society of Exploration Geophysicists.
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FTC moves to stop Newpark Environmental US unit sale
The Federal Trade Commission voted on Oct. 23 to challenge CCS Corp.’s proposed $85 million acquisition of Newpark Environmental Services Inc.’s US operations, claiming it to be an antitrust violation.
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GAO finds agencies using oil products to fuel AFVs
Federal government agencies are meeting requirements to acquire alternative fuel vehicles (AFVs), but they currently are running them on petroleum products, the US Government Accountability Office said Oct. 23.
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AGF study finds US can compete in global LNG market
The US will find that it is able to compete in global LNG markets as worldwide supplies grow and markets stabilize, a study commissioned by the American Gas Foundation concluded.
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Watching Government: Sustainability close to home
When voter unrest over $4/gal gasoline prices made Congress consider expanding US offshore oil and gas development late last summer, one group already was asking specific questions about the US coastal area where a lot of energy development has taken place.
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CFTC asked about energy commodity swaps’ effect on prices
Three US House Energy and Commerce Committee Democrats on Oct. 24 asked the Commodity Futures Trading Commission new questions about the potential impact of unregulated energy commodity swaps and futures on prices.
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Russia, China leaders agree on ESPO oil pipeline spur
Russia’s state-owned OAO Transneft and China National Petroleum Corp. have signed a landmark agreement calling for the construction of a 67-km, 300,000 b/d pipeline spur from the East Siberian Pacific Ocean pipeline.
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Watching the World: Flash Gordon backs down
British Prime Minister Gordon Brown has very rarely been viewed as a friend of the oil and gas industry, but his lack of popularity took a new low last week.
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Arctic-class shuttle tanker performance to be tested in 2009
The American Bureau of Shipping, ConocoPhillips, Sovcomflot Ltd., and Samsung Heavy Industries Ltd. are jointly participating in a pioneering study to measure the effect of ice loads on Arctic-class shuttle tanker performance.
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Chevron on trial in San Francisco for rights abuses
Chevron Corp. is at the center of a legal case before federal court in San Francisco that will ask jurors to decide whether the firm sanctioned human rights abuses that resulted in the deaths and injuries of protesters at its Nigerian facilities, or whether the company was simply protecting its employees from belligerent kidnappers.
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Financial meltdown threatens Nigeria gas development
News reports from Nigeria indicate that the current global financial meltdown, with its lower oil and gas prices and financial lending uncertainty, is threatening Nigeria’s December deadline for developing its natural gas antiflaring program.
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Malaysia downplays territorial dispute with Indonesia
The Malaysian government, attempting to downplay recent concerns about a possible military conflict with Indonesia, said the Bukat Block, operated by Italy’s Eni SPA, falls outside the territory disputed with Indonesia.
