More oil companies are being drawn to explore, develop, and produce crude oil in the Bakken formation in North Dakota and Montana only to discover limited pipeline takeaway capacity exists for transporting their oil to market.
Prospects for increased US gasoline demand have been written off by much of the industry and many analysts to the point that it has become "a sort of conventional wisdom" that the market "will decline inexorably from this point," said Paul Horsnell, managing director and head of commodities research at Barclays Capital in London.
Before proceeding further with its campaign to remake energy choice, the US government should consider the latest favors requested on behalf of fuel ethanol.
The US Department of Commerce has imposed tariffs on oil country tubular goods (OCTG) imported from China after determining they were being sold in the US at margins ranging from 29.94% to 99.14%.
Natural gas producers joined environmental organizations and Colorado lawmakers on Apr. 19 as Gov. Bill Ritter Jr. signed legislation that directs the state's biggest electric utility to replace coal-fired generation with gas—and other more environmentally benign sources—in the most heavily populated areas.
The federal government may not be measuring oil and gas production from federal leases accurately because of contradictory policies and poor coordination between agencies, the US Government Accountability Office said in a report it issued on Apr. 14.
The European Union's Energy Commissioner Gunther Oettinger, on a tour of energy-rich nations in the Caspian region, underlined the importance of Turkmenistan as a supplier of energy to the EU.
Azerbaijan, Georgia, and Romania signed a memorandum of understanding to transport Azeri LNG to the European Union through a project that could come online sooner than the Nabucco gas pipeline.
Tullow Oil PLC said its Kasamene-3 and Kasamene-3A wells in the Butiaba region of Uganda Block 2 have successfully delineated the extent of oil in the Kasamene field, and it discovered oil in the Wahrindi North fault block.
Gas deliverability in Canada will continue to decline through 2012 as production falls in Alberta and rises in British Columbia, says the National Energy Board.
The start-up of Brazil's planned 230,000-b/d Abreu e Lima refinery, now under construction in Pernambuco state, has been delayed by another 7 months, according to an executive of state-owned Petroleo Brasileiro SA (Petrobras).
The global refining catalyst market 2010-13 shows signs of recovering, based on an analysis of the world's oil refining operations 1999-2009 that established future trends in catalyst spending.
Constraints in project financing and technical capabilities in developing its gas fields, as well as a lack of adequate gas infrastructure, will limit gas export availability from Turkmenistan for new potential customers such as Europe for the next 5 to 10 years as the country instead focuses on boosting exports to existing customers such as China and Iran.
