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Editorial: SECOND OF TWO PARTS: The climate bill’s costs
In case anyone missed the National Petrochemical & Refiners Association estimate for costs awaiting US refiners from climate-change legislation approved last month by a key House committee, here it is: $58 billion/year.
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Proposition: global effort to model largest oil fields
Oil is the world’s most important commodity, and the need to understand the long-term supply is widely recognized.
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API opposes efforts to federally regulate hydraulic fracturing
Proposed federal regulation of hydraulic fracturing under the Safe Drinking Water Act could add $150,000 to deep-well costs and reduce drilling, American Petroleum Institute officials warned on June 3.
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US House panel studies proposal to alter federal leasing
A legislative draft that would substantially change federal oil and gas leasing has been circulating around the US House Natural Gas Resources Committee since last May.
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WATCHING GOVERNMENT: Smart policies key to gas
Natural gas utilities often face different issues than producers and pipelines. But keeping domestic supplies abundant and affordable by resisting rash legislative proposals was very much on Chris McGill’s mind as he prepared to visit Houston.
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Georgia objects to Rosneft agreement with Abkhazia
The government of Georgia has criticized Russia’s OAO Rosneft for signing an exploration and development agreement with the breakaway Republic of Abkhazia, calling the document a violation of Georgia’s laws and territorial integrity.
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WATCHING THE WORLD: Pouring oil on rebellion
The oil and gas industry is not often thought of as a vehicle for making peace. But in Turkey these days they are thinking otherwise following the start of oil exports from Iraqi Kurdistan.
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Brazil, Venezuela see end to impasse over joint projects
Major disagreements preventing joint projects by Brazil’s state-owned Petroleo Brazileiro SA (Petrobras) and Venezeula’s Petroleos de Venezuela SA (PDVSA) will be cleared up in 3 months, according to the presidents of the two countries.
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Deloitte: UK Continental Shelf to see activity drop in drilling
Drilling activity on the UK Continental Shelf may fall by half in 2009 and drop again in 2010 despite the new incentives and tax changes introduced by the Chancellor in April, Deloitte LLP has warned.
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COMPANY NEWS: Shell plans major organizational revamp
Royal Dutch Shell PLC announced plans for major restructuring of its organization, with its 200 most senior managers initially affected (see Personnel Moves, p. 36).
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PERSONNEL MOVES AND PROMOTIONS: Shell changes senior management structure
Royal Dutch Shell PLC has made changes to its senior management structure effective July 1 (see Company News, p. 34).