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Editorial: Enriching a muted discussion
Three recent developments—one scientific and two polemic—should enrich discussion about human activity and climate change.
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Special Report: Pemex, PDVSA, Petrobras: how strategies, results differ
National oil companies control the vast majority of the world’s oil reserves, produce most of the planet’s crude, and own much of the oil and gas infrastructure, which makes them major forces in the industry.
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Special Report: China using loan packages to secure oil supplies
China is using its financial reserves to secure oil supplies from a variety of producing countries, according to a recent report by Wood Mackenzie.
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Special Report: Gazprom grapples with dents to revenues, investments
The dramatic fall in gas prices over the past year has dented revenues and investment plans of OAO Gazprom, the world’s largest gas producer.
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Special Report: Sonatrach maintains investments despite low crude oil prices
Despite declines in oil and gas prices, Sonatrach, the Algerian national oil company, is maintaining its investment program.
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Special Report: Innovation urged in NOC, IOC relations with suppliers
National oil companies (NOCs) and international oil companies (IOCs) are under greater pressure than in previous down-cycles due to the last year’s sharp falls in petroleum prices and demand.
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Congress members urge CFTC to set energy position limits
Two members of Congress urged the US Commodity Futures Trading Commission to establish and enforce position limits for all energy commodities as opening witnesses at the first of three CFTC hearings on the matter.
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Watching Government: USGS monitoring ecological impacts
The US Geological Survey has assessed domestic energy resources for more than 125 years.
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California drops offshore oil plan from emergency budget
California’s state assembly on July 24 passed an emergency budget package but deleted a bill that would have potentially authorized the first new oil and gas activity off the Santa Barbara coast in 40 years.
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Senators introduce OCS revenue-sharing bill
US Sens. Mary L. Landrieu (D-La.) and Lisa Murkowski (R-Alas.) introduced legislation on July 27 that would guarantee coastal states a 37.5% share of federal revenue from new oil and gas production off their shores.
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Speakers see changed, maybe relocated, US industry
The US oil and gas industry will emerge from its doldrums structurally changed and perhaps relocated, according to a scenario that took shape at the RMI Oilfield Breakfast Forum in Houston July 28.
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Poten: Abu Dhabi gas demand could limit sour gas for LNG
Abu Dhabi Gas Liquefaction Co. is considering plans to increase LNG production at its complex on Das Island beyond 2019, when its 4.7-million tonne/year LNG sales contract with Tokyo Electric Power Co. (Tepco) expires, according to Poten & Partners, New York, an industry consultancy.
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Watching The World: Better red than unemployed
The Venezuelan government is fast politicizing the country’s oil and gas industry, now requiring workers to support the socialist revolution of President Hugo Chavez if they plan on keeping their jobs.
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Shell Gas & Power to push ahead with floating LNG
Shell Gas & Power Developments BV, The Hague, signed an agreement July 28 in Paris with a consortium of Technip and Samsung for design, construction, and installation of several floating LNG (FLNG) facilities over a period of up to 15 years, according to an announcement from Shell.
