Iraqi's ambitious production aims supported by progress in oil fields
Iraq's 2009 announcement that it planned to increase its oil production by 10 million b/d attracted global attention but received broad dismissal by oil observers.
Production gains possible in Kurdistan
EPRINC has estimated that Kurdistan is on a path to produce 400,000-500,000 b/d by 2015. But higher rates are possible as the political rivalry between Baghdad and Kurdistan continues to thaw.
Is Iraq a game changer for the US?
Iraq's potential contribution to the world oil market could fundamentally alter the outlook for long-term oil prices.
Government, industry warnings persist a year after Macondo
Government and industry officials cited substantial progress in improving offshore oil and gas operations on the first anniversary of the Macondo deepwater well accident and oil spill.
BP touts itself as 'a changed company'
BP PLC board members and top executives emphasized safety improvements at an Apr. 14 shareholders meeting in London that drew protesters while fielding many questions about the 2010 Macando oil spill in the Gulf of Mexico.
Court deadline prompts flurry of Macondo claims, counterclaims
A court-imposed Apr. 20 deadline in a New Orleans federal court prompted a flurry of claims and counterclaims as BP PLC filed litigation against Transocean Ltd., Halliburton Co., and Cameron International Corp. regarding the Apr. 20, 2010, blowout of the deepwater Macondo well.
GAO: Macondo spill claims pass 60% of OPA liability cap
The US Coast Guard's National Pollution Funds Center, which administers the Oil Spill Liability Trust Fund established under the 1990 Oil Pollution Act, had obligated or incurred $625.9 million in costs involved with responses to the Macondo deepwater well blowout and oil spill as of Mar. 31, the Government Accountability Office said in an Apr. 18 report.
Watching Government: Calls to curb speculation grow
Independent oil and natural gas producers and other commodities market participants have been urging the administration of US President Barack Obama to move carefully in imposing limits on energy market speculation as it implements the Dodd-Frank financial reform act.
KPC: Global demand softens effect of Japan crisis on Kuwait
Current levels of global demand for oil would buffer the impacts of Japan's nuclear crisis on Kuwait, according to Abdelatif Al-Houti, Kuwait Petroleum Corp. (KPC) managing director for world marketing.
FGE: 2010 US LNG imports, future buck regional trends
Saying 2010 was an "indifferent year" for US LNG imports, FACTS Global Energy, Singapore, also said in a review of the US market that rising unconventional gas output has helped contain US LNG demand while higher natural gas production has helped depress US gas prices.