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Editorial: Ranking high in bribery
On some rankings it’s best to score near the bottom. So it is with assessments by Transparency International (TI), the anticorruption group, of the tendency of industries to pay bribes.
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Aboveground constraints may limit Mexico’s oil production
The irreversible decline of Mexico’s Cantarell field has been the subject of steady discussion in the industry.
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FERC issues final EIS for LNG project near Baltimore
The US Federal Energy Regulatory The US Federal Energy Regulatory Commission identified additional adverse environmental impacts as it issued a final environmental impact statement (EIS) on Dec. 5 for a proposed LNG project outside Baltimore.
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Watching Government: Early responses to falling demand
The US Energy Information Administration’s latest Short-Term Energy Outlook said it all on Dec. 9: “The current global economic slowdown is now projected to be more severe and longer than in last month’s Outlook, leading to further reductions of global energy demand and additional declines in crude oil and other energy prices.”
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MMS chief hopes Obama, Congress won’t reinstate OCS bans
Acknowledging that he will have no direct influence after Jan. 20, US Minerals Management Service Director Randall B. Luthi said he hopes the Obama administration and Congress seriously consider expanded opportunities on the US Outer Continental Shelf.
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EA report outlines issues with Iraqi energy security, fragile systems
While Iraq’s oil industry will continue to face problems with security in 2009, the country’s crumbling production and pipeline systems are more likely to disrupt crude exports, according to a report by London-based Exclusive Analysis (EA).
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Watching the World: White Nile raises the white flag
Oil-gas explorer White Nile Ltd. recently raised the white flag in Sudan, saying it plans a change of mission and will now invest in African agriculture.
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Petrobras delays strategic plan; receives investment offers
Brazil’s Petroleo Brasilerio SA (Petrobras) continues to review its 2009-13 strategic plan, with no deliberation taking place yet at the board level, according to an official report.
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Italian pipeline developers undeterred by credit crunch
The Galsi and Interconnector-Greece-Italy (IGI) pipeline partners do not expect the credit crisis to negatively impact their plans, as they have very strong balance sheets, according to a senior company official.
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IEA: Energy security to come from mitigating climate change
The global economic slowdown cannot distract policymakers worldwide from progressing on climate change mitigation efforts through international accords and related national energy policies, said Richard J. Jones, deputy executive director of the Paris-based International Energy Agency.
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Booz & Co.: Strategic growth remains possible despite recession
Falling energy consumption and the credit crisis have slashed liquidity in the capital markets, yet Booz & Co.’s energy consultants advise oil companies to remember that strategic growth remains possible.
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Analyst forecasts ‘major risks’ ahead in Iraq
Iraq has ambitious targets, aiming for 500,000 b/d annual oil output expansion and a long-term goal of 6 million b/d, according to a recent report by analyst BMI.