International news for oil and gas professionals
At roughly a third of the way through my 32-plus years at Oil & Gas Journal, I realized I was witnessing history.
A US ban on the export of crude oil is obsolete and should be easy to rescind. It won't be. But tough politics shouldn't discourage the oil and gas industry from pressing the issue.
Three federal agencies expressed concern that a US House bill aimed at standardizing the process for energy projects to get cross-border permits actually could preclude environmental and other significant reviews.
Tesoro Logistics LP will restart its High Plains crude oil pipeline in North Dakota that has been shut down since Sept. 29 when a rupture and leak were discovered, the San Antonio pipeline master limited partnership announced.
Collaboration will be critical as new offshore oil and gas safety standards and developed and best practices are identified, US Bureau of Safety and Environmental Enforcement Director Brian Salerno declared.
China potentially could supplant Russia as the main energy broker in central Asian countries that don't have their own significant fossil fuel resources, suggested 10 graduate fellows from the region at Johns Hopkins University's School for Advanced International Studies.
ConocoPhillips has started oil production at the Ekofisk South development project in the Norwegian North Sea. The project is part of the Greater Ekofisk Area about 200 miles offshore Stavanger, encompassing Eldfisk, Embla, and Tor.
Victoria Oil & Gas PLC said that Logbaba gas-condensate field onshore Cameroon, operated by the company's Rodeo Development Ltd. subsidiary, is estimated to hold sufficient proved and probable reserves to supply an average 20 MMscfd of gas to industrial customers until 2043.
Consol Energy Inc., Pittsburgh, will emphasize Appalachian natural gas production growth and has arranged the $3.5 billion sale to a unit of Murray Energy Corp. of its Consolidation Coal Co. subsidiary that operates five longwall steam coal mines in West Virginia.
A furious controversy over stumbling health-care law provides useful context for assessment of an earlier meddling by the US government in economic behavior.