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Editorial: Stopping the juggernaut
For anyone in the oil and gas industry, the spectacle of an American president sacking the head of General Motors should be chilling.
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Special Report: Survey notes project delays, cancellations
Oil & Gas Journal’s semiannual Worldwide Construction Update shows a decline in construction activity compared with the previous edition of the report (OGJ, Nov. 17, 2008, p. 24).
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Iraqi oil minister seeks investment, offers contracts
Iraqi Oil Minister Hussain Al-Shahristani, in a wide-ranging interview with Arab media in Paris, said his country’s oil industry needs $50 billion in investment over the next 5-6 years, with much of it expected to come from international oil companies (IOCs).
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Iraq considers PSAs in second licensing round
Iraq is considering offering exploration blocks under production-sharing agreements (PSA) this year for its second licensing round, according to Oil Minister Hussain Al-Shahristani.
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Watching The World: Bring on the clowns
The international oil and gas industry—as well as Russia’s—is watching with incredulity as prosecutors bring a new case against former OAO Yukos Chief Executive Mikhail Khodorkovsky.
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Aramco renews commitment to long-term investment plans
Saudi Aramco, in line with newly announced government policies, will continue to invest in new oil, gas, and petrochemical projects, despite the current global economic downturn, according to government leaders and company officials.
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Brazil considering OPEC’s renewed membership invitation
Brazil’s President Luiz Lula da Silva, apparently reversing earlier decisions, said his government is again considering an invitation to join the Organization of Petroleum Exporting Countries.
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Obama signs far-reaching public lands bill
Calling it an “extraordinary piece of legislation,” US President Barack H. Obama signed a far-reaching public lands bill into law on Mar. 30.
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Waxman’s clean energy draft includes cap-and-trade proposals
US House Energy and Commerce Committee Chairman Henry A. Waxman released a draft of clean energy legislation on Mar. 30.
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CFTC increases its exempt commercial market oversight
The US Commodity Futures Trading Commission closed the so-called “Enron Loophole” on Mar. 23 as it approved final rules and amendments increasing its oversight of exempt commercial markets (ECMs).
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Watching Government: Hard work for Western Caucus
USRep. Rob Bishop (R-Utah) was ready to give Ken Salazar the benefit of the doubt.
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NPRA: Speakers differ on ethanol ‘blend wall’ issues
Meeting specifications for renewable fuels in the US requires rapid growth in the use of 85-15 ethanol-gasoline blends (E85) and, if the ethanol industry has its way, relaxation of the current 10% cap on gasoline for uses other than in flexible-fuel vehicles (FFVs).
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NPRA: Economy shaping climate politics
Economic pain will shape how the US addresses climate change—if not the question whether it responds at all.
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US to see more LNG, despite downturn
More shipments of LNG will come to the US this year, whether the market needs them or not.
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COMPANY NEWS: Suncor, Petro-Canada merge in $19.3 billion (Can.) deal
Suncor Energy Inc. and Petro-Canada, both of Calgary, have agreed to merge the two companies in a $19.3 billion (Can.) transaction. The resulting company, Suncor, will have 7.5 billion boe of proved and probable reserves with existing production of 680,000 boe/d.
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PERSONNEL MOVES AND PROMOTIONS: Chevron makes executive changes
