Hope for economic recovery raised the front-month contract of benchmark US crudes briefly above $60/bbl for the first time this year on the New York Mercantile Exchange before it fell back to $56.34/bbl in the week ended May 15.
Hope for economic recovery raised the front-month contract of benchmark US crudes briefly above $60/bbl for the first time this year on the New York Mercantile Exchange before it fell back to $56.34/bbl in the week ended May 15.
Here’s a tough question for the US oil and gas industry: How much of the nightmare forming in Washington, DC, must come true before companies begin to decamp? It’s a global industry.
ExxonMobil Corp. expects the first well in Alaska’s $1.3 billion Point Thomson condensate project to cost $209 million compared with $6-8 million for a typical well in Prudhoe Bay field.
US House Interior Appropriations Subcommittee leaders asked Secretary of the Interior Ken Salazar a basic question when he presented his department’s fiscal 2010 budget request on May 13: How does Interior define a nonproducing lease?
A carbon cap-and-trade bill before the US House needs to be reworked so allowances are distributed more evenly across the entire economy, American Petroleum Institute Pres. Jack N. Gerard said on May 18.
Total US natural gas consumption this year will drop by nearly 2%, according to the most recent Short-Term Energy Outlook from the US Energy Information Administration.
Speculation about whether greater numbers of LNG spot cargoes will come to US terminals this summer was also the subject of a recent report from Barclays Capital Research.
Total emissions of greenhouse gases associated with Canadian oil sands exceed those related to average crude oil processed in the US by 5-15%, says a study by IHS Cambridge Energy Research Associates.
China, concerned over forecasts of increased competition from Middle Eastern petrochemicals suppliers, reported plans to construct a host of domestic petrochemical plants.
Record attendance levels experienced at the Apr. 20-24 Southeast Asia Petroleum Exploration farmout forum in Singapore signal an undiminished level of interest in regional exploration prospects.
This is the second of three articles that describes BP’s experience with reciprocating compressor damage from liquids intrusion at two facilities, in Oklahoma and Alaska.
For a pipeline coating to be truly compatible with cathodic protection (CP), the coating should allow CP protection to the pipe even if disbondment occurs and water penetrates between the coating and pipe.
