More people are discussing energy issues, but most don’t know enough to make informed decisions and are still advocating “wishful” solutions, according to a recent study by Public Agenda, a nonpartisan research organization in Washington, DC.
For 5 consecutive weeks through Apr. 17, the front–month contract for benchmark US light, sweet crudes finished each week “almost unchanged” from the close of the previous week within a narrow price range above $50/bbl, said Olivier Jakob at Petromatrix, Zug, Switzerland.
Oil and gas producers—slammed by the worldwide economic downturn, lower oil and gas prices, and tight credit markets—have slashed their 2009 capital budget plans.
Government and industry statistics show that the US oil and gas industry was hit hard as the economic recession deepened during this year’s first quarter.
The US oil and gas industry should prepare to be actively involved as the administration of President Barack Obama applies its recovery–and–reform strategy to energy and the environment, a leading consultant said on Apr. 20.
Greenhouse gases (GHGs) contribute to air pollution, which may threaten public health or welfare, the US Environmental Protection Agency said on Apr. 17.
Analyst BMI says weaker demand for diesel in road transport use, gas oil for manufacturing and industrial applications, and falling jet fuel consumption have acted in concert “to pull the rug from under the middle distillates market.
The Indonesian government, responding to criticism of current cost recovery procedures in the oil and gas industry, has drafted new rules that will reduce national expenditure by redefining some cost components as downstream instead of upstream.
The global drilling market is expected to pick up by 2013 with deepwater rigs driving the growth, according to data from Douglas–Westwood Ltd. and Energyfiles.
US oil and gas drilling during the first quarter dropped to levels not seen since 2004, ending 6 consecutive years of year–to–year growth for the period, reported the American Petroleum Institute Apr. 15.
A group led by Oilex Ltd., Perth, has identified 10 prospects as potential drilling targets on Block 06–103 in the northwest corner of the Joint Petroleum Development Area in the Timor Sea between Australia and Timor–Leste.
A stimulation study shows the importance of considering reservoir thickness when developing low–permeability coalbed methane resources with a horizontal lateral.
To meet objectives of a 2001 consent decree with the US Environmental Protection Agency, Marathon Petroleum Co. LLC, a subsidiary of Marathon Oil Co., agreed to decrease NOx emissions from each of its fluid catalytic cracking units at seven midwestern US refineries.
Europe will have to work with Gazprom to develop the supplies and transport routes to meet projected natural gas shortfalls, as increased European LNG receipts and such pipelines as the Trans–Sahara are unlikely to provide timely relief.
