International news for oil and gas professionals
Expectations are running high as Mexico's own citizens and international oil and gas companies await secondary legislation in coming months that will enable sweeping energy reform and allow investors from outside Mexico to partner with Petroleos Mexicanos (Pemex).
The US government isn't alone in its struggle to make an unworkable renewable-fuels program work. European governments, too, have generated trouble by forcing noncommercial energy prematurely into markets.
Mexico's government realizes it's crucial to establish competitive contract terms and effective, transparent regulations to attract international investors as Mexico implements its pending energy reforms, panelists told a Houston gathering on Feb. 7.
Infrastructure could be the single biggest limitation to the US fully exploiting its abundant unconventional natural gas resources, gas industry association leaders told state utility regulators on Feb. 11.
Oil and gas pipelines and the government agencies that regulate them are making progress in improving safety and responses by emphasizing greater involvement at all levels, the National Association of Regulatory Utility Commissioner's Natural Gas Committee learned on Feb. 10.
The oil and gas industry needs to change the conversation about hydraulic fracturing by engaging with the public to demystify the process and highlighting efforts to reduce the environmental footprints of drilling and completion.
As the nation's capital tried to dig its way out of snow left from a pair of storms, US Sen. Lisa Murkowski (R-Alas.) leveled a blast at the Obama administration for not moving more aggressively on establishing a strong US arctic strategy.
Communities should be able to continuously share economic benefits from increasing US tight oil and shale gas production, experts said.
US crude oil exports would lead to more efficient use of the country's refineries, resulting in more gasoline and lower prices, a Resources for the Future issue brief concluded.
Syria's oil and gas production is unlikely to recover in the near term because of ongoing hostilities between the Syrian government and opposition forces, the US Energy Information Administration said in an update to its country report on Syria.
Recent price history weakens an argument against easing US restriction of the export of crude oil.