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Editorial: The cost of energy anxiety
The US list of latter-day energy anxieties has a new item: labor. With Americans losing jobs faster than at any time in decades, the Obama administration proposes to make work by spending heavily on noncommercial energy.
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Special Report: IOC challenge: providing value beyond production
In their effort to access hydrocarbons, international oil companies (IOCs) face a major challenge: convincing national oil companies (NOCs) and host governments that they provide value beyond finding and producing oil and gas.
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Clinton: Energy security a major US foreign policy element
Energy security must be an important and integrated element of US foreign policy, US Secretary of State Hillary R. Clinton said as the Senate considered her nomination.
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California, other states granted right to set their own air quality standards
US President Barack H. Obama signed memorandums on Jan. 26 granting California and other states the right to raise air quality standards above the national level and ordering the Department of Transportation to establish higher fuel efficiency requirements for automakers in the 2011 model year.
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Watching Government: Blue jobs, green jobs
Several congressional leaders are aggressively promoting “green jobs” as US President Barack H. Obama develops his New Energy for America plan.
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Pemex reports 9.2% decline in oil production for 2008
Mexico’s Petroleos Mexicanos (Pemex), eyeing continued depletion at its main oil field, said the country’s oil production declined by 9.2% in 2008 to just under 2.8 million b/d.
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Newly formed NCOC takes over Kashagan field operatorship
The newly formed North Caspian Operating Co. BV (NCOC), as part of earlier agreement, has replaced the Agip KCO consortium as operator of Kazakhstan’s Kashagan oil field development project, also known as the North Caspian Sea production-sharing agreement, or NCS PSA.
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Watching The World: Contention in Madagascar
Madagascar’s oil and gas industry received a blow last week when thousands of demonstrators, demanding a new government, hit the streets and set fire to an oil depot.
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Libya threatens to nationalize its oil industry
Libya may nationalize its oil industry to control production as oil prices have plummeted over 70% over the past year, said Muammar Qadhafi, the country’s leader.
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Indonesia rejects ExxonMobil’s claim to Natuna D-Alpha
Indonesia has rejected a plan of development for the Natuna D-Alpha block filed last week by ExxonMobil Corp., saying the firm’s contract expired in 2005.
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Final EIA figures show US 2007 oil reserves grew 2%
Proved US oil reserves rose by 345 million bbl, or 2%, during 2007 to 21.32 billion bbl from 20.97 billion bbl at the beginning of the year, reported the US Energy Information Administration on Jan. 28.
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Semisubmersible Petrorig I on track for Gulf of Mexico
Petrorig I—the first unit of a series of four Larsen Oil & Gas ultradeepwater semisubmersible drilling rigs on order with Sembcorp Marine Ltd.
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IFP: Politics, money crisis to impact energy industry
In an unprecedented economic and financial crisis where “all reference marks have disappeared,” the president of the Institut Francais du Petrole (IFP), Olivier Appert, ventured two “extreme” scenarios for the midterm oil scene.
