International news for oil and gas professionals
About 15 years ago, upon returning from an industry meeting that featured a couple of presentations on LNG, I wondered aloud to a veteran Oil & Gas Journal editor why we seemed to give it such scant coverage.
The US oil and gas industry can harvest political benefit from President Barack Obama's jobs speech to a joint session of Congress Sept. 8.
A final report into the April 2010 Macondo deepwater well blowout and resulting massive oil spill in the Gulf of Mexico off Louisiana identified a number of causes for the blowout, concluding that a central cause was failure of a cement barrier in the production casing string.
CNOOC Ltd. approved a fluid discharge and depressurization plan from operator ConocoPhillips China Inc. regarding oil spill response efforts in Penglai 19-3 oil field in Bohai Bay, and the plan was submitted to the State Oceanic Administration of China.
Growing demand will push North American natural gas prices higher, spurring producers to increase activity and eventually make shale gas the dominant US supply component, a new analysis by Deloitte's Center for Energy Solutions predicted.
The US Department of Interior proposed six more rules that offshore oil and gas producers would need to include in their safety and environmental protection programs.
US producers were more disappointed than surprised that the White House decided to call for higher oil and gas industry taxes to help pay for the president's new jobs legislation.
US President Barack Obama pledged to make the wealthiest American businesses and individuals pay higher taxes as he sent his proposed legislation to Congress on Sept. 12.
Dimmer global economic growth assumptions and lower-than-expected oil demand during the third quarter in developing countries have driven down expected worldwide oil demand growth, according to the International Energy Agency's latest monthly Oil Market Report.
Weaker economic recovery is negatively impacting oil demand, the Organization of Petroleum Exporting Countries said in its latest Monthly Oil Market Report as it reduced its forecasts for 2011 and 2012.
Chinese, Indian, and South Korean firms have come under heavy criticism for their efforts to build infrastructure to carry oil and gas across Myanmar, formerly known as Burma.
Drilling offshore Cyprus Block 12 will begin later this month in an effort by Noble Energy Inc. to determine the extent of the natural gas resources, tentatively estimated at 10 tcf.
Newly founded Vallares, an investment vehicle headed by former BP Chief Executive Tony Hayward, announced a $2.1 billion deal to purchase Genel Energy International, the biggest oil producer in Iraq's autonomous Kurdistan region.
Forces loyal to Libya's deposed leader Moammar Gadhafi, spurred on by his inflammatory rhetoric, staged back-to-back attacks on the refinery at Ras Lanouf, about 615 km southeast of Tripoli.
Amid all the grand promises President Barack Obama made in his jobs speech to a joint session of Congress on Sept. 8 lurks a set of contradictions around which the whole, highfalutin mess collapses.
