Pasadena, Calif., has announced the appointment of Milton Hunter as senior vice-president of Parsons Infrastructure & Technology Group. He will initially be assigned to head up the group's homeland defense and security initiative.
The US government is veering off course on energy policy and economic stimulus. Its persistent hostility toward development of natural resources severely limits the potential of both initiatives.
In order to attract new investors by providing better returns, the oil industry might have to restructure its upstream operations into pure exploration companies that find and sell new reserves and pure production companies or royalty trusts that liquidate those reserves.
Efforts by the Organization of Petroleum Exporting Countries to limit output in support of prices have been going on for several years in some shape or form.
A US Senate bill that aims to keep fuel out of the hands of terrorists could make criminals out of the victims, according to the Petroleum Marketers Association of America.
Most of the 900 industry representatives attending the annual 2-day Arthur Andersen LLP energy symposium expect increased demand for oil and natural gas, with lower, more volatile crude prices, and less investment capital available over the next 3 years.
Congressional committees examining the collapse of Houston-based energy trader and marketer Enron Corp. expanded their investigation early last week, calling on the firm to release documents relating to off-balance sheet entities and risk-management policies.
Oil and gas companies bid on 95 of 233 tracts far off Alabama in the eastern Gulf of Mexico in early December, but some said the federal lease sale was a missed opportunity for industry.
Developing an exploration plan that minimizes risk may be the most important step an organization takes toward a financially strong exploration program.
Syntroleum Corp., Tulsa, Okla., and BPZ Energy, Houston, revealed the framework of the wide-ranging development of two integrated natural gas liquids and gas-to-liquids projects in northwestern Peru.
The petroleum industry must predict pore-pressure profiles accurately, often walking a fine line between pore pressure and fracture gradient as it drills and completes oil and gas wells. The industry also finds it difficult to predict pore pressure ahead of the drill bit, during exploration, creating concern for well control.
China's offshore oil and gas exploration and production, led by China National Offshore Oil Corp., is waiting in the wings and ready to leap onto the center stage of China's petroleum industry.
China plans to step up exploration in frontier basins off its East Coast as part of its drive to establish an integrated gas industry in some of its most populous areas.
