High oil prices are certainly putting downward pressure on demand in the US and in other countries where the market is allowed to work, as opposed to countries that have fuel ...
Speculation is contributing to higher world oil prices, not imbalances between supply and demand, according to Saudi Arabia’s former minister of oil, Sheik Ahmed Zaki Yamani, ...
Plains Exploration & Production Co. agreed to acquire a 20% interest in Chesapeake Energy Corp.’s Jurassic Haynesville shale play leasehold for $1.65 billion in a new joint venture...
Canadian oil and gas firm EnCana Corp., which in May announced a bifurcation of its oil and gas businesses into separate companies, has designated the executives who will head...
The chief executive officer of Brazil’s Petroleo Brasileiro SA (Petrobras), revisiting proposed changes in the country’s oil law, said the state firm will present a new business...
Saudi Aramco, repeating long-announced plans, will increase production by yearend by a combined 850,000 b/d from its Khursaniyah, Nuayyim, and Shaybah fields, according to a senior...
Colombia’s oil and gas industry doubtlessly got a shot in the arm last week when the Colombian military completed a daring raid to release some 15 hostages held by rebels of the...
The US Energy Information Administration on July 8 increased its predicted decline in domestic petroleum consumption for 2008 by 100,000 b/d to 400,000 b/d in its latest short...
General Interest Quick TakesOil & Gas UK outlines UKCS production challengesOperators on the UK Continental Shelf (UKCS) spent £4.9 billion on developing new reserves in 2007...
Increased energy consumption in China and other developing countries is outstripping demand destruction in the US and Europe and is pushing oil prices still higher, analysts said...
Currently planned storage capacity increases in the Southeast US-Gulf Coast region would add nearly 30% to working-gas storage capacity and have an even greater effect on withdrawal...
Key Energy Services Inc.,WilsonClick here to enlarge imageHouston, has named Newton W. “Trey” Wilson III executive vice-president and chief operating officer (COO). Wilson has...
Politics and physics have disparate meanings for the word “energy” yet adhere in their treatment of the subject to natural laws with interesting similarities.
New hydrogen sulfide analyzerThe new Model 903 hydrogen sulfide tape analyzer is designed to measure as many as four streams of H2S and total sulfur in gaseous streams.It has ...
IraqNiko Resources Ltd., Calgary, began field scouting in the 846 sq km Qara Dagh block in Iraq’s Kurdistan Region and sought tenders for a 500 line-km 2D seismic survey.The budget...
While recent increases in US gasoline and diesel fuel prices result mainly from a global surge in the price of crude oil, room must be reserved in any explanation for regulatory...
