International news for oil and gas professionals
International businesses, especially oil and gas companies, in recent years have watched with growing interest the work to increase shipping capacity through the Panama Canal.
If oil and gas drilling ever occurs off the US East Coast, the risk that a well will blow out catastrophically and spill oil, as tragically happened in the Gulf of Mexico 4 years ago, will be remarkably low.
The US Department of Energy wants to mobilize federal government, oil and gas industry, university, and other research to address subsurface engineering challenges, particularly controlling fracture propagation and fluid flow, officials said at the first of several projected discussions.
The US Bureau of Ocean Energy Management (BOEM) issued a record of decision (ROD) for environmental review of geological and geophysical (G&G) survey activities off the Atlantic Coast.
A shortage of inspectors, reduced budgets, and a record number of wells on public lands make necessary the US Bureau of Land Management's budget request for a fee system to increase its oil and gas inspection capacity, BLM Director Neil Kornze said.
It was easy to remember the Bad Old Days when the US had Old Oil, New Oil, and the Small Refiner Bias amid the kerfuffle after the US Department of Commerce's Bureau of Industry and Security (BIS) ruled in late June that condensate qualifies as an oil product for export purposes in some cases.
In response to continued unrest in Ukraine, US President Barack Obama has announced new sanctions against Russia that include - for the first time - operations of Russian state-owned energy firms.
Australia's Parliament has repealed the carbon tax legislation that this year imposed $24.15 (Aus.)/tonne of carbon dioxide emissions.
Trinidad and Tobago's state - owned Petrotrin is blaming the shale gas revolution in the US and lower crude prices at Cushing, Okla., for its decision to significantly reduce its refinery throughput to 120,000 bo/d from 180,000 bo/d.
The costs of producing bitumen and synthetic crude in the Albertan oil sands have increased over the past year, says the Canadian Energy Research Institute (CERI) in an annual report that projects steady growth in output.
Total US petroleum deliveries, a measure of demand, rose 1.5% in June vs. a year ago to average just above 19 million b/d, according to the American Petroleum Institute's most recent Monthly Statistics Report.
Chevron Corp. has agreed to accept an alternative, more environmentally friendly plan proposed by city officials for the long - delayed $1 billion modernization of its 257,000 - b/d Richmond, Calif., refinery.
A train with 20 or more tank cars carrying crude oil, ethanol, or other flammable liquids would be classified as a high - hazardous flammable train (HHFT), and would be subject to lower speed limits, routing risk assessments, and other new requirements under new US Department of Transportation regulatory proposals.
A proliferation of global oil geopolitical "flash points" makes it even more urgent for the US to aggressively reduce its dependence on crude oil for transportation fuels, according to speakers discussing a report issued by Securing America's Future Energy (SAFE).
European response to Australia's abandonment of a carbon tax illuminates the impossibly narrow margin of political acceptability within which governments must work as they try to rearrange climate.