Responding to concern in the US about $4/gal gasoline, President Barack Obama on Mar. 30 voiced new support for an old program certain to raise the price of energy.
While some shrugged off US President Barack Obama's energy policy speech at Georgetown University, it was notable "for what was included and was not," said James Crandell at Barclays Capital, New York.
The MT Equator, a Suezmax tanker chartered by Geneva-based oil trader Vitol SA, arrived in early April in the rebel-held port of Marsa el-Hariga in eastern Libya, aiming to take on up to 1 million bbl of oil for export.
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali I. Al-Naimi and the United Kingdom's Energy and Climate Change Sec. Chris Huhne took aim at speculation in oil markets during a meeting in Riyadh.
The oil and gas industry will no doubt be interested to learn that the UAE has recently been designated as the permanent home for the International Renewable Energy Agency (Irena).
US imports of heavy crude produced from Alberta oil sands would improve domestic energy security, a US House Foreign Affairs Committee subcommittee recently was told.
US Department of Transportation Sec. Ray LaHood launched a national safety initiative to repair and replace aging pipelines following several accidents, including one in Allentown, Pa., that killed 5 people.
Rocky Mountain independent oil and gas producers arrived in Washington, DC, for their annual spring call-up on Apr. 4. More than 250 meetings with federal lawmakers and regulators were scheduled.
US energy officials emerged from meetings with their counterparts in Mexico with positive statements for the Mexicans' commitments to improve offshore oil and gas safety and environmental protections.
Transocean Ltd.'s senior executives said they voluntary plan to donate their 2010 safety bonuses to the Deepwater Horizon Memorial Fund, which will distribute the money to the families of the 11 people killed in the explosion of the Deepwater Horizon semisubmersible drilling rig.
Initial estimated technically recoverable shale gas resources in the 32 countries assessed in an Apr. 5 report is 5,760 tcf compared with the 862 tcf in the US.
Natural gas, and LNG especially, will play critical roles in meeting global energy demand to 2050 during which time the world must reduce greenhouse-gas emissions by half, according to Malcolm Brinded, executive director for upstream international, Royal Dutch Shell PLC.
The Sea Lion oil discovery in the North Falkland basin is "highly likely to prove commercial," and at least three more appraisal wells will be drilled to probe its extent, said Rockhopper Exploration PLC.
