The northern portion of the Rocky Mountain region of the US may see more enhanced oil recovery projects as carbon dioxide from new sources becomes available because of concerns about the need for carbon capture and sequestration.
The folly of governmental fuel choice is playing out vividly in the shadowed margins of fiscal politics. Hydrogen, everyone’s favorite vehicle fuel a few years ago, has fallen from grace—at least in some quarters.
Ecuador’s state-owned Petroecuador, eyeing an advance payment of $1 billion, has signed an agreement to sell 3 million bbl/month of oil to PetroChina International Co. Ltd. over a 2-year period.
Nigeria’s Petroleum Industry Bill (PIB) will substantially increase taxation for operators and discourage investment, companies complained last month at a public forum in Abuja.
Alaska state officials and environmental organizations each claimed victory following a federal appeals court’s clarification late last month that its earlier order vacating the current federal offshore oil and gas leasing program applies only to the Alaska portion of the plan.
Natural gas hydrates are a potentially significant energy source, but more work needs to be done to determine if they can be economically produced, three experts told a US House subcommittee late last month.
A new air quality study of eastern Utah’s Uinta basin was released on July 31, not by a government agency or academic researchers but by the Independent Petroleum Association of Mountain States.
The chairmen of two US House committees with commodities regulation oversight have released a concept paper describing how they would like to regulate over-the-counter (OTC) derivatives.
An ethanol advocacy group’s suggestion that an American Petroleum Institute study supports increasing allowable ethanol levels in gasoline to 12% is misleading, the oil industry trade association said.
US Minerals Management Service statistics show a total of 2,724 safety incidents were reported during 2005-08 on the Outer Continental Shelf, of which 506 incidents involved lifting operations.
Many oil and gas development projects remain on schedule, but companies also have deferred many projects so that start-up and completion dates have become less certain.
