A core message of the report to US President Barack Obama on the Macondo tragedy of 2010 is the need for the oil and gas producing industry to improve its safety culture.
The US needs to "export more distillates or cut refinery production" before Gulf Coast stocks become "difficult to manage," said Olivier Jakob at Petromatrix, Zug, Switzerland.
The global fuel mix will continue to diversify, with increased emphasis on alternative energy by 2030 "for the first time nonfossil fuels will be major sources of supply growth," said analysts at BP PLC.
The US Environmental Protection Agency extended a waiver allowing higher ethanol concentrations in fuel for 2007 and later model year cars and trucks to 2001-06 model year vehicles.
Jan. 18 was not just any Tuesday in Washington. It was the day the US Department of the Interior tried to shed light on Interior Sec. Ken Salazar's Dec. 22 order directing the Bureau of Land Management to "maintain wilderness inventories on a regular and continuing basis for public lands under its jurisdiction."
In the European efforts to move to fossil-free, carbon dioxide-free transportation fuels, natural gas and LPG will play key bridging and supplementary roles, according to a report presented Jan. 25 to the European Commission by its stakeholder expert group on future transport fuels.
US Interior Sec. Ken Salazar formally announced the division of the Bureau of Offshore Energy Management, Regulation and Enforcement into two separate agencies, pledging to not let this interfere with existing operations.
Heritage Oil PLC has discovered as much as 12.3 tcf of gas on the Miran West structure in Iraqi Kurdistan and is evaluating development options under which production could start into European markets as early as 2015 using planned regional infrastructure.
The international oil and gas industry experienced a correction of perception in Saudi Arabia last week when delegates at a conference heard that the kingdom is going nuclear.
