International news for oil and gas professionals
Swiss voters recently approved tough pay limits for executives of privately owned companies, including a binding annual vote by shareholders on management salaries.
The transition to a new team of Cabinet-level officials presents the opportunity for a useful course correction on US energy policy.
IHS CERAWeek speakers generally agree the energy industry is entering a transformation period that likely will reshape traditional oil and natural gas supply-demand scenarios worldwide.
The oil and gas industry faces a growing diversity of reserves worldwide ranging from shale plays to Arctic drilling, BP PLC Chief Executive Bob Dudley said in an opening keynote address Mar. 6 to attendees at IHS CERAWeek in Houston.
The automatic budget cuts under the impending federal budget sequestration will adversely affect federal energy activities, warned Heather Zichal, US President Barack Obama's chief energy and environmental policy advisor.
The US Department of State released a draft supplemental environmental impact statement (SEIS) for the proposed Keystone XL crude oil pipeline's new presidential permit application.
US President Barack Obama nominated Gina McCarthy, the US Environmental Protection Agency's assistant administrator for air and radiation, to succeed Lisa A. Jackson as EPA's administrator.
Obama nominated McCarthy, currently EPA's assistant administrator for air and radiation, and Moniz, director of the Massachusetts Institute of Technology's Energy Initiatives, to their new positions on Mar 4. Jewell, chief executive of outdoor retailing cooperative Recreational Equipment Inc., was nominated on Feb. 6, and goes before the Senate Energy and Natural Resources Committee for a confirmation hearing on Mar. 6.
Global economic growth, North America's new oil and gas strength, and increasing climate change impacts will have to be carefully juggled through 2050 by industries, governments, academic experts, and environmental and other public interest groups, Royal Dutch Shell PLC said on Feb. 28 as it launched its latest "New Lens Scenarios."
Many anticipated Venezuelan President Hugo Chavez's death from cancer. It still raised significant questions about what will happen next when it actually happened on Mar. 5.
Royal Dutch Shell PLC announced it will "pause" its exploration drilling activity for 2013 in Alaska's Beaufort and Chukchi seas to prepare equipment and plans for a resumption of activity at a later stage.
A new study of the Barnett shale foresees reliable supply with slowly declining production through the year 2030, said the Bureau of Economic Geology (BEG) at the University of Texas at Austin and financed by the Alfred P. Sloan Foundation, a New York philanthropic grant-making institution.
Talisman Energy Inc. is setting its short-term priority on developing in the South Texas Eagle Ford liquids shale play and also on drilling to hold strategic land positions in some of its dry gas plays, Talisman Pres. and Chief Executive Officer Hal Kvisle said in a Mar. 6 webcast with investors.
Taking threats seriously about the security implications of automatic spending cuts would be easier if US military leaders always acted serious about security.
