International news for oil and gas professionals
Oil and gas operations anywhere along the value chain have come under much public criticism, some deserved, some not.
British leadership continues in the global race to self-destruct via energy fiat. The position seemed under threat when the government began discussing lower subsidies for renewable energy sources.
Supporters and opponents of the proposed Keystone XL crude oil pipeline marked the fifth anniversary of the project's application for a cross-border permit from the US Department of State with statements, hearings, and protests.
Prospects for completing a natural gas pipeline from Azerbaijan to Europe improved significantly in June when the Shah Deniz consortium selected the Trans-Adriatic Pipeline (TAP) proposal as the project's final link, experts at a Sept. 13 Jamestown Foundation forum agreed.
California now has its own hydraulic fracturing requirements. Gov. Jerry Brown (D) signed Senate Bill 4 into law Sept. 20. Regulations go into effect Jan. 1, 2014, and become final a year later.
Alaska's Department of Natural Resources and the Japan Bank for International Cooperation signed a memorandum of agreement to explore ways Alaska resources, particularly natural gas, might be developed and exported to Japan.
Oil and gas operators, drilling contractors, and their trade associations have voiced concern about proposed accounting changes they fear would complicate contractual relationships, confuse investors, and raise administrative costs.
The world has large potential technical recoverable resources of tight oil possibly several times those of North America, according to a recent geological study by global analytics firm IHS.
Geophysical advances have contributed to the identification of a "relatively boundless supply" of oil and gas worldwide, Barry Smitherman, chairman, Texas Railroad Commission (RRC), told the Society of Exploration Geophysicists annual meeting Sept. 23.
Oil and gas activity in the Bogart Canyon area of Utah's Book Cliffs will be delayed until 2016, Anadarko Petroleum Corp. and the state's School and Institutional Lands Trust Administration jointly announced on Sept. 16.
If the electricity-generation business was destined to build few coal-fired units anyway, why does the US need a regulation ensuring that outcome?