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Editorial: A frosty political climate
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.
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Special Report: FIRST OF TWO PARTS—Alaskan tax reform: Intent met with oil
The two-part series beginning here takes a detailed look at a crucial element of Alaskan production: taxes.
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Alaska Point Thomson drilling under way, AOGA told
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.
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Nonproducing lease definition needed, DOI’s Salazar told
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?
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Watching Government: Issues beyond cap-and-trade
In a sense, some pressure was off American Petroleum Institute Pres. Jack N. Gerard the morning of May 18.
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API’s Gerard: Allowances uneven in cap-and-trade bill
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.
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EIA: US gas demand, supply to fall; prices to swing up
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.
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Barclays weighs in on LNG debate
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.
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CERA study says Canadian oil sands boost total GHG emissions 5-15%
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.
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Americas to see LNG terminals commissioned in June
In June, three LNG terminals in the Americas will begin commissioning.
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China plans host of domestic petrochemical plants
China, concerned over forecasts of increased competition from Middle Eastern petrochemicals suppliers, reported plans to construct a host of domestic petrochemical plants.
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Brazil, China agree on $10 billion loan package
Brazil’s Petroleo Brazileiro SA (Petrobras) completed negotiations with the China Development Bank for a 10-year, $10 billion bilateral credit line.
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