Debate continues in scientific, political, financial, and environmental circles regarding the viability and cost of capturing and sequestering carbon dioxide as part of future energy policies.
Citing new limitations on the New York Mercantile Exchange, Deutsche Bank AG said in early September it would close and redeem its popular $425 million PowerShares DB Crude Oil Double Long Exchange Traded Note (DXO)—one of the largest leveraged commodity products in the US.
In the low-price environment of the 1980s and 1990s, many host countries adopted policies to promote E&P investments in their territories by offering more-attractive terms and conditions to foreign investors.
Average commodity prices and rig counts in this year's second quarter plummeted compared with second-quarter 2008, sending the financial results of producers, refiners, and service companies tumbling from a year earlier.
Tentative economic recovery and volatile oil prices will force managers of the oil and gas industry to make tough decisions soon, warns Bain & Co., Boston.
World oil demand is set to grow next year for the first time since 2007 and is expected to reach pre-recession levels by 2012, IHS Cambridge Energy Research Associates said in its quarterly World Oil Watch report.
Brazil's President Luiz Inacio Lula da Silva has proposed new legislation aimed at governing the development of his country's potentially enormous reserves of oil in the offshore presalt layer, about 270 km off Brazil.
Oil production by Mexico's state-owned Petroleos Mexicanos (Pemex) will average 2.5 million b/d in 2010, down 4% from levels in this year's first half and down 5.7% from previous estimates, according to Energy Secretary Georgina Kessel.
Activists have called on China to halt construction of controversial oil and gas pipelines through Myanmar, warning of instability and civil unrest if the country's ruling junta continues to starve its people of energy.
Mexico's state-owned Petroleos Mexicanos (Pemex) will invite tenders next month for a contract to produce 176 million l./year of ethanol, according to a senior government official.
The US Federal Energy Regulatory Commission expects to receive open season applications in 2010 from both groups proposing construction of a natural gas pipeline from Alaska's North Slope to the Lower 48 states.
The US Bureau of Land Management quietly moved toward better relations with surface landholders in July as some of its state offices issued notices that those landholders' names and addresses will be required in expressions of interest (EOI) for future lease sales involving split estates.
The oil and natural gas industry supports more than 9 million US jobs while contributing to the national economy as both an employer and purchaser of US goods and services, according to a new study by PricewaterhouseCoopers (PWC) for the American Petroleum Institute.
Considerable unexploited resources of natural gas in the US have been largely bypassed due to unacceptable levels of associated nitrogen (N2), which lowers heat content.
Offshore drilling contractors reported declines in second-quarter 2009 net earnings and continued stacking rigs, while oil companies coped with less cash flow to finance drilling during an economic downturn and slowing growth in world oil demand.
This article proposes a set of reference charts developed by the authors for determining required methanol concentrations in the aqueous phase (rich solution) and total lean inhibitor's flow rate for a desired depression in hydrate formation temperature of a wet natural gas.
Natural gas pipeline operators saw their profits reach new highs in 2008, rising by more than 7% compared with 2007, despite a 9% drop in revenues year over year. Net profits totaled $5.1 billion against revenues of $19.8 billion.
Offshore drilling contractors reported declines in second-quarter 2009 net earnings and continued stacking rigs, while oil companies coped with less cash flow to finance drilling during an economic downturn and slowing growth in world oil demand.
