International news for oil and gas professionals
Back when I started working for Oil & Gas Journal, there was an office manager at the Houston bureau who I very much admired.
Finally, the US has done something in response to climate change. The country has done nothing about global warming, of course. Global mean temperature won't change measurably because one country cut power-plant emissions of carbon dioxide by 30%.
A decision to lift restrictions on US crude oil exports would boost US production, lower gasoline prices, and support as many as 1 million additional jobs, IHS said, adding that the elimination of crude export restrictions would benefit gross domestic product and government revenues.
Oil and gas companies today face more emerging exploration opportunities than they have available capital or people, Susan Cunningham, senior vice-president of Noble Energy Inc., told an oil field breakfast forum hosted by consulting firm Decision Strategies.
Big Oil can be successful in shale but it requires a relentless focus on improving productivity and an ability to be nimble, said Rod Skaufel, president of North American shale for Melbourne-based BHP Billiton.
US exports of LNG to Asia are more likely to be determined by overseas market dynamics than by US government policies, witnesses told a US House Foreign Affairs Committee subcommittee on May 29.
The US Department of Energy is considering changes in its review process for LNG export applications by limiting final national interest determinations to projects that have completed their National Environmental Policy Act compliance reviews.
US oil and gas producers were only indirectly affected by the US Environmental Protection Agency's June 2 announcement of stricter carbon emissions limits for existing coal-fired power plants.
Russia is likely to remain Europe's primary natural gas supplier because Gazprom, that country's state-owned integrated gas company, has already begun to adjust operations and strategies in response to changing markets, two Oxford University Institute for Energy Studies research fellows said.
The $400 billion natural gas deal Gazprom signed with China National Petroleum Corp. last month strongly favors the Chinese company and its country, writes an analyst with Chatham House, the Royal Institute of International Affairs, London.
Europe faces "a major structural crisis" of electric power reliability as thermal generation capacity needed to back up electricity from renewable energy falls, according to a report by Paris-based international gas association Cedigaz.
The state of Washington has adopted a new rule that will require refineries in the state to limit greenhouse gas (GHG) emissions by 2025.
California's Kern County Planning & Community Development Department (KCPCDD) has issued a draft environmental impact report for Alon USA Energy Inc.'s request to increase the flexibility of its 70,000-b/d Bakersfield, Calif., refinery to process cost-advantaged light crude oils sourced from North American shale regions.
Three misconceptions make US officials reluctant to allow the export of crude oil.