From remarks by the author on receipt of the 2010 Crain Award at American Business Media's 56th Annual Jesse H. Neal National Business Journalism Awards ceremony Mar. 11 in New York.
From 1949 until 1973, the average annual price of oil fluctuated within a 7% band, but from 1981 through 2008 the variation leapt to almost 10 times that amount.
US gasoline demand and production broke records for a February last month, the American Petroleum Institute said in its latest monthly statistical report.
When I asked Randall B. Luthi how he felt going to work for an organization whose members he used to regulate, he replied: "The players have changed. The situation hasn't. Energy is still needed."
Royal Dutch Shell PLC forecast its production will climb 11% during 2009-12, saying it plans to cut costs by divesting 15% of its refining capacity and 35% of its retail markets.
Global LNG players are struggling with the current abundance of LNG capacity and the companion spike in supply from unconventional sources, mainly shale gas in North America.
The need to address climate change and the expected surge in energy demand from the developing world have moved energy efficiency to the top of the agenda for government and business, according to a new comprehensive report by IHS Cambridge Energy Research Associates and the World Economic Forum.
A stronger commitment to natural gas as a source of energy is the fastest, easiest way to reduce global greenhouse gas emissions, according to Statoil Chief Executive Officer Helge Lund, who spoke Mar. 10 at CERAWeek in Houston.
Apparent high bids totaling just over $949 million were offered 468 tracts in the central Gulf of Mexico at Lease Sale 213, reported the US Department of the Interior's Minerals Management Service Mar. 17 in New Orleans.
Russia's Sovcomflot oil line will undertake a trial shipment of oil to Japan this summer, reported to be the first shipment ever to sail the entire Northern Sea Route from northwest Russia to Asia.
Dutch LNG terminal operator 4Gas has dropped plans to construct a regasification terminal in the Port of Rotterdam after failing to reach agreements with customers on long-term supply contracts.
Uganda said it will defer for a month its decision about farmout arrangements for several oil blocks made by Tullow Oil and potential partners Total and China National Offshore Oil Corp.
Norway's Environment Ministry plans to release a report in April detailing plans for the future management of the oil-rich but environmentally sensitive area off the Lofoten Islands.
Operating companies need to address many factors in designing subsea metering installations. Among these are five major ones discussed in this article.
Statoil has developed Njord field with a floating steel platform, Njord A (photograph), which has an integrated deck with drilling and processing, as well as living quarters.
Addressing increased crude oil viscosity at low temperatures in a transportation setting requires examining a variety of potential solutions, as simply preheating the oil or insulating the line is sometimes ineffective.
