Peabody Energy Co. has petitioned the US Environmental Protection Agency to reconsider its endangerment finding on greenhouse gases because of recent evidence of faulty scientific research and review in the "Climategate" scandal involving the University of East Anglia Climatic Research Unit (CRU).
There has been a gradual compression this year of the futures price contango for key benchmark crudes, with the narrowing most evident at the front of the North Sea Brent curve.
Under rhetorical assault from a government hunting taxable prey, the oil and gas industry must sharpen its arguments for stability of the US fiscal regime.
OGJ's annual capital spending report shows that capital spending for all oil and gas projects in the US will decline 5% this year to $220 billion. Greater efficiency, slightly lower costs, and a rationalization of refining capacity will drive this decline.
US-based integrated firms are shifting more of their capital spending dollars toward upstream projects and away from their downstream operations that manufacture, transport, and market refined products.
US House Energy and Commerce Committee Chairman Henry A. Waxman (D-Calif.) and Energy and Environment Subcommittee Chairman Edward J. Markey (D-Mass.) sent letters to eight oil field service companies requesting information about chemicals used in hydraulic fracturing fluids on Feb. 18.
The US Environmental Protection Agency is considering raising the threshold at which refineries and other large industrial plants would be required to control greenhouse gases (GHGs) beyond the 25,000 tons/year originally proposed.
It has become a rite of Washington's spring. As the snow and ice begin to melt (with the piles particularly high this year following two major snowstorms within a week in mid-February), independent producers descend on the nation's capital to explain why administration tax proposals would be so devastating.
EXCO Resources Inc. has hiked gross production to 340 MMcfd in its Haynesville shale 50-50 joint venture with BG Group PLC and has begun horizontal drilling in the Marcellus shale.
Repeating a point that he made in his State of the Union address on Jan. 27, US President Barack Obama told business executives that his administration is willing to make tough decisions on opening new offshore areas for oil and gas development.
Approval by Virginia's senate and house of a bill allocating future offshore energy royalties and revenues to transportation and alternative energy research signals that the state is ready for environmentally responsible development off its coast, Gov. Robert F. McDonnell said.
ExxonMobil Corp. and Mitsui & Co.—each said to be buying 730,000 bbl—are the latest in a growing list of purchasers of crude oil delivered by Russia's Eastern Siberia-Pacific Ocean (ESPO) pipeline.
Ventech Engineers Inc. has completed the delivery to northern Iraq of a 20,000 b/d, skid-mounted refinery that it fabricated at its Pasadena, Tex., plant and shipped in modules.
The oil and gas industry is well aware of Venezuela's President Hugo Chavez and his antics. Now, the Latin American dictator has become an advisor of sorts to Britain's Queen Elizabeth II.
The Texas Panhandle and Oklahoma Granite Wash plays are Chesapeake's highest and second highest rate-of-return plays due to high oil and natural gas liquids content.
IGas Energy PLC said it has identified a "significant" shale resource as potentially extending beneath more than 1,195 sq km of its acreage in northwest England with an expected average thickness of 250 m.
Royal Dutch Shell PLC and Hewlett-Packard Development Co. LP plan to develop a wireless sensing system to acquire extremely high-resolution seismic data on land.
Development of the Khurais complex required optimization of various technologies such horizontal laterals, downhole pumps, and smart completion equipment.
A back-propagation neural network can easily predict the energy consumption of a pipeline system with fewer mathematical statistics than other methods and a simple pretreatment of the original data.
With the turn of the year, Barclays Capital analysts reviewed major developments in global LNG trade for 2009 and offered insights for 2010 in a research note published in late January.
