International News for oil and gas professionals
Believed to be about 40,000 years old, the "Lion Man" from the Swabian Alps in Germany is widely accepted as the world's oldest known statue.
The third report of the Intergovernmental Panel on Climate Change Fifth Assessment performs a valuable service. It establishes boundaries for compromise and thereby appeals for reasonable discussion about an important issue.
States are better qualified than federal and local governments to regulate hydraulic fracturing and other unconventional oil and gas activities, two speakers agreed at an energy and environment conference at George Mason University's School of Law.
Ten other US Senate Democrats joined Heidi Heitkamp (ND) in urging US President Barack Obama to approve the proposed Keystone XL crude oil pipeline by May 31.
The Federal Railroad Administration (FRA) plans to propose requiring trains transporting crude oil to have at least two crew members, the US Department of Transportation agency announced.
Impacts of oil and gas development on nearby communities are getting more attention.
The US's lack of approved export terminals has prevented energy companies from competing in the growing global LNG market, despite the fact that the country is now the world's largest natural gas producer, said an analyst with research and consulting firm GlobalData.
US proved reserves of crude oil at yearend 2012 were estimated at 33.4 billion bbl, up 15.4% from 2011 and the highest since 1976, according to a report released Apr. 10 by the US Energy Information Administration.
Three environmental organizations notified the US Fish and Wildlife Service that they plan to sue over the US Department of the Interior agency's recent designation of the lesser prairie chicken as a threatened—but not endangered—species.
Russia, which ranked as high as No. 9 in 2005, fell to last place in the most recent quarterly update of the global Oil Security Index (OSI), released by Securing America's Future Energy (SAFE), the nonpartisan organization dedicated to the reduction of US dependence on foreign oil.
Fairmount Marine, Rotterdam, has moved the Sevan Louisiana ultradeepwater rig from Singapore to Curacao.
Statoil ASA reported a slight decrease in its oil sands production in 2013 because of a planned multiweek plant shutdown for facility maintenance and the integration of new scientific research and experimental development measures, according to the company's 2013 Oil Sands Report.
Global crude oil supplies fell month-on-month in March by a steep 1.2 million b/d to 91.75 million b/d, with a decline in output from members of the Organization of the Petroleum Exporting Countries accounting for near 75% of the loss, according to the International Energy Agency's most recent Oil Market Report.
The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), reached yet another record high, tallying a score of 300.6 in February as a result of rapidly increasing production, higher wellhead prices, and revised statewide employment numbers (OGJ Online, Oct. 2, 2013).
Little information exists about the costs and benefits of analyses required under the National Environmental Policy Act, the Government Accountability Office said.
The US Department of Energy approved a ConocoPhillips Co. subsidiary's request to resume exports of LNG to countries not having a free-trade agreement with the US from the company's Kenai facility in Alaska in an Apr. 14 order.
A question larger than who wins elections in the world's fourth-ranked oil-consuming country is how much difference the outcome might make.