Larger estimates for Venezuela have increased worldwide oil and gas reserves from previous estimates, according to Oil & Gas Journal’s annual survey of proved reserves.
General Interest Quick TakesAlberta’s royalty framework takes effect Jan. 1New royalty framework rates will become effective in Alberta on Jan. 1, 2009, for production from ...
Calgary’s Triangle Petroleum Corp. is using expertise honed in Texas’ Barnett shale and Arkansas’ Fayetteville shale to develop shale gas resources in eastern Canada’s Maritimes...
In 2008, growth in crude distillation capacity continued to build on momentum of past years; refiners added more capacity than the past 2 years, according to the latest OGJ Refinery...
To increase oil recovery from existing fields, operators in both Egypt and Syria have started producing heavy oil with thermal enhanced oil recovery processes.
Cantex Energy Corp., San Antonio, in partnership with Big Canyon Energy, signed an exploration and development agreement with Slawson Exploration Inc., Wichita, covering the Big...
New Zealand Crown Minerals offered six exploration blocks in the Northland basin northwest of Auckland and two off East Cape in the Raukumara basin off the North Island.
Southwestern Energy Co., Houston, which had planned to accelerate its Mississippian Fayetteville shale play in Arkansas in 2009, will instead keep about the same level of activity...
Energy agreements reached earlier in 2008 between Serbia and Russia enhance the security of European natural gas supply, despite perceived competition between the South Stream...
Camera has UL/CSA certificationThe MIC1-440 PTZ camera is now Underwriter Laboratories/Canadian Standards Association certified, allowing the unit to fulfill an added level of...
With the Christmas holidays approaching, members of the oil and gas industry are anticipating stockings full of rocks from the new Santa-elect in Washington, DC, while other industries...
PAS,LydenClick here to enlarge imageHouston, has appointed Chris Lyden president. Previously, he was vice-president of global marketing at Invensys Process Systems. Prior to that...
Operating companies aren’t among the businesses in the US asking for taxpayer dollars to be bailed out due to historic fluctuations in oil and gas prices the past 2 years.
An ailing global economy will stall oil demand growth for a while, but industry must prepare itself to fulfill long-term growing global oil demand, speakers said Dec. 10 at Deloitte...
Japan’s leading refiner Nippon Oil Corp. and sixth-ranked Nippon Mining Holdings Inc., faced with sluggish domestic demand for gasoline, plan to merge into a holding company.
A national energy council should be established in the US to develop a 50-year energy strategy, with the council developing benchmarks to monitor progress and making regular public...
Enforcement of the federal Clean Water Act has deteriorated badly under the Bush administration, two US House committee chairman charged on Dec. 16. Violations involving oil spills...
Most senior oil and gas professionals participating in a recent survey said they are thinking increasingly about how their companies can participate in a US transition to renewable...
XTO Energy Inc. has promoted Keith A. Hutton to chief executive officer and Vaughn O. Vennerberg II to president. Hutton has served as XTO president since 2005 and was employed...