International news for oil and gas professionals
Two different reports by separate sources recently demonstrated most succinctly how Canada's vast oil sands resource is regarded by government officials in different parts of the world.
Routine analysis of future oil and gas markets amounts to reductionism. It begins with projections of broad factors like population and economic activity.
North America's oil and natural gas resources are more abundant than previously thought and should be prudently developed, the National Petroleum Council recommended in a report submitted to US Sec. of Energy Steven Chu.
Authorizing oil and natural gas leasing on the Arctic National Wildlife Refuge's coastal plain would provide thousands of new jobs and major economic benefits relatively quickly, Alaska state officials told the US House Natural Resources Committee.
National Petroleum Council meetings usually don't include surprises. The reports that are presented, voted on, and conveyed to the secretary of the US Department of Energy are thoughtful, authoritative, and substantial.
Oil industry groups increased pressure on the US Congress and President Barack Obama to approve the proposed Keystone XL crude oil pipeline project's cross-border permit application.
BP PLC said it agreed with the core conclusion of a joint report that the deepwater Macondo well blowout and resulting explosion and fire on Transocean Ltd.'s Deepwater semisubmersible stemmed from multiple causes and decisions involving BP and contractors Transocean and Halliburton Co.
The US Environmental Protection Agency issued final air quality permits Sept. 19 necessary for Shell Oil Co. to proceed with oil and natural gas exploration drilling in the Arctic offshore Alaska using the Noble Discoverer drillship and a support fleet of icebreakers, oil spill response vessels, and supply ships.
Libya's state-owned Arabian Gulf Oil Co (Agoco) said it will resume operations at its two refineries by late September, coinciding with the start-up of production at the Sariri and Mesla oil fields.
Turkey's government has made repeated efforts to establish itself as an oil and gas transit hub between Europe and Central Asia.
The international community has afforded Cyprus political protection to explore for oil and natural gas inside its exclusive economic zone, which is near to large gas finds in Israeli waters.
Turkey's Prime Minister Recep Tayyip Erdogan, making good on earlier threats, has signed an agreement with Dervis Eroglu, president of the breakaway Turkish Republic of Northern Cyprus (TRNC), to explore for oil and natural gas offshore in the eastern Mediterranean.
The US Energy Information Administration still sees higher global crude oil demand and prices over the long run as national economies recover,
Federal, state, and local officials announced a settlement in which owners of a container ship, which struck the San Francisco-Oakland Bay Bridge and spilled 1,261 bbl of fuel oil into the bay, agreed to pay $44.4 million to resolve all penalties, resource damages, and response costs.
Climate politics has taken a stealthy turn on energy, according to a resident scholar at the American Enterprise Institute (AEI).