The brief May 28 meeting of members of the Organization of Petroleum Exporting Countries essentially “was over before it started” after Saudi Arabia Oil Minister Ali I.
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.
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.
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.
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.
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.
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.
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.
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.
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).
The Hebron project on the Grand Banks off eastern Canada should start producing by the end of 2017 and recover 566 million bbl of oil over a 30-year productive life, said project operator ExxonMobil Canada Properties.
Iceland’s National Energy Authority (NEA), which recently launched the country’s first-ever licensing round, said it received bids from two companies for exploration rights to the northern Dreki area.
A novel approach using computational fluid dynamics techniques provides a way for determining the characteristics of gas passing through a gas-lift valve.
This is the final of three articles that describe BP’s experience with reciprocating compressor damage from liquids intrusion at two facilities, in Oklahoma and Alaska.
