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Editorial: Beyond fundamentals
More remarkable than hints of oil market recovery this month is growing acceptance that supply and demand don't always paint the whole picture.
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Central Asian, Caucasus energy rivalries intensify
Among China, Europe, and Russia, the competition over oil and gas from Central Asia and the Caucasus is intense and growing.
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Exporter updates: Azerbaijan, Kazakhstan, and Turkmenistan
The Central Asia-Caucasus region is one of the oldest hydrocarbon producing areas in the world. Since the collapse of the Soviet Union in 1991 the region has attracted special attention from oil and gas consuming nations and international companies.
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IHS CERA tracks downturn in upstream, downstream costs
A long surge in the costs of building and operating oil and gas production facilities has reversed course, according to two proprietary indexes.
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ERCB lowers Alberta's oil sands production forecast
In its June report on Alberta's 2008 reserves and supply-demand outlook for 2009-18, Alberta's Energy Resources Conservation Board (ERCB) lowered its forecast of bitumen production to 2.7 million b/d in 2018.
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Groningen field to produce gas for another 50 years
Supergiant Groningen natural gas field in the northern reaches of the Netherlands will continue to produce gas for at least another 50 years, according to Roelf Venhuizen, managing director of Nederlandse Aardolie Maatschappij BV (NAM).
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Watching The World: Belize's energy independence
One of the more remarkable things about the oil and gas industry is its ability to penetrate every nook and cranny of the known world. Even the tiniest of countries count. Consider Belize.
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Brazil considering changes to country's oil law
Brazil's government is considering changes to the country's oil law, despite repeated statements by President Luiz Inacio Lula da Silva and other officials that the new legislation will be finished soon.
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Associations urge Congress to renew chemical facility security law
Thirty-four trade associations, including the American Petroleum Institute and six others from the oil and gas industry, asked Congress on June 11 to reauthorize the chemical facility security law without significant changes.
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Watching Government: Gasoline price unrest
US retail gasoline prices reached an average $2.67/gal on June 15, nearly 60¢ above their average on May 4, the US Energy Information Administration reported.
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API, labor unions join to lobby for better oil, gas jobs
The American Petroleum Institute and 15 labor unions have formed a committee that will lobby for better, higher-paying jobs in the oil and gas industry, the groups announced on June 17.
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TransCanada, ExxonMobil join forces on Alaska natural gas pipeline
TransCanada Corp. and ExxonMobil Corp. reached agreement June 11 to work together on TransCanada's Alaska Pipeline Project natural gas pipeline.
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AAPG: Unconventional thinking led to great finds
Unconventional geologic thinking and risk-taking led to many of the world's recent major oil and gas discoveries, speakers from the companies that made them told a closing session at the American Association of Petroleum Geologists annual convention in Denver.
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Aussie energy minister proposes retention lease system reforms
Australian Resources and Energy Minister Martin Ferguson released a discussion paper on his proposals to reform the country's retention lease system.
