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EDITORIAL: Peak oil and politics
Peak oil theory is important both to consider and to keep in perspective, especially as government activism regains traction in the world’s largest oil-consuming country.
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Texas tall tale provides metaphor for oil industry: a bouncing target
There’s a Texas tall tale about legendary cowboy Pecos Bill who succumbed to his new bride’s pleas to ride his wild mustang, Widowmaker—a one-man steed previously ridden only by Bill.
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Oil and gas opportunities endure amid the many uncertainties of 2009
While 2009 will be characterized by uncertainty, lower oil and gas prices, a hostile Congress, demand shrinkage, and major investment pullbacks by the global oil and gas industry, there also will be a number of positive developments and opportunities for the industry.
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US shale gas surge stimulating< construction of processing plants
Rising production of natural gas will stimulate construction of gas processing plants in the US this year.
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US gives gas extra attention as output grows from shales
US natural gas, particularly shale gas, will receive increasing attention in 2009 because crude oil is becoming increasingly difficult and expensive to find and produce.
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Downturn will spur M&A activity as operators cut spending in ’09
What the oil and gas industry didn’t see much of in 2008 was consolidation.
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View from London: Price swings change industry on many fronts
What a difference a year makes in the oil industry—or perhaps in this case 5 months.
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Lower E&P spending ends 6-year global rally
Global spending for exploration and production is expected to decline 12% to $400 billion in 2009—“a reversal after 6 years of global growth,” said analysts at Barclays Capital Resources, New York.
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CERA: ‘Recession shock’ shakes world oil market
The world oil market is being shaken by “a recession shock” that affects all conventional, alternative, and renewable energy,” said the chairman of Cambridge Energy Research Associates (CERA).
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Economy, season, other factors reduce rig count
US drilling fell for the fifth consecutive week, down by 26 rotary rigs to 1,764 still working during the week ended Dec. 19, compared with a rig count of 1,809 in the same period last year, said Baker Hughes Inc.
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Two bidders disrupt BLM lease sale in Utah
US Bureau of Land Management special agents detained two registered bidders after a Dec. 19 oil and gas lease sale in Utah was delayed briefly.
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Watching Government: 2008 in review
Happy New Year! This year promises to be a challenging and exciting year for oil and gas in Washington.
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Salazar to lead ‘deeply troubled’ Interior department
Barack Obama formally nominated US Sen. Ken Salazar (D-Colo.) on Dec. 17 to lead what the president-elect termed a “deeply troubled” Department of the Interior.
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BMI: US to see further oil, gas supply shortfalls
Analyst Business Monitor International (BMI) predicts that the US will account for 89.87% of North American regional oil demand by 2012, while contributing 65.63% to its supply.
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Watching The World: Japan and China
Should anyone be concerned about the continuing rivalry between Japan and China over pursuit of the world’s oil and gas? It may be well to remember some history.
