Despite lower expected expenditures during 2009 and 2010 relative to 2008, a study forecasts that the petroleum industry’s deepwater expenditures will trend upward and reach $...
The oil and gas industry needs to continue investing in technology to achieve greater energy efficiency and to commercialize new energy sources, said Tony Hayward, BP PLC chief...
The recently updated US Securities and Exchange Commission reserves reporting requirements for oil and natural gas companies attempt to provide investors with more meaningful ...
Over the past 2 years, En*Vantage has been warning US gas processors that the rapid expansion of processing capacity will create a surplus of ethane extraction capacity.
The recent $100 oil price drop, closure of financing windows, and general aversion to investment risk will affect in the near-term new floater projects.
Sufficient recoverable oil has been discovered in Uganda’s Albert basin to exceed the commercial threshold for development, said Heritage Oil Corp., Calgary.
A recent survey of 60 producers and service company executives confirmed the upstream oil and gas industry is in a survival mode, said analysts in the Houston office of Raymond...
Most of the pipelines damaged during the war in Iraq are domestic crude or domestic product pipelines belonging to and repaired by the Oil Pipeline Co. (OPC) of the Ministry of...
Knight Oil Tools,MitchellClick here to enlarge imageLafayette, La., has named Phillip Thomas Mitchell general manager of its Knight Manufacturing division. He will manage Knight...
In your Jan. 19 issue, Thomas Wyman argues that, because “it simply takes more energy to extract hydrogen from water using electrolysis or to extract it from methane using steam...
Calling for an “inclusive energy strategy,” the Saudi Arabia minister of petroleum and mineral resources listed factors of price volatility among “newly emerging challenges” facing...
Calling it “a headlong rush of the worst kind,” US Interior Secretary Ken Salazar said on Feb. 10 that he was delaying a 5-year Outer Continental Shelf leasing plan, which his...
General Interest Quick TakesIEA again cuts 2009 oil demand forecastIn its latest monthly Oil Market Report, the International Energy Agency has revised downward its outlook ...
Republicans in Utah’s congressional delegation angrily responded to US Interior Secretary Ken Salazar’s order to cancel 77 federal oil and gas leases in the state that were sold...
When the US House Natural Resources Committee held the first of three scheduled hearings on offshore oil and gas leasing on Feb. 11, it marked the first opportunity for the 111th...
Energy components are essential parts of a strong economic recovery plan because they would begin to reduce reliance on imported oil, US President Barack H. Obama told Department...
On the hierarchy of political metaphors, oil has fallen another notch. Former President George W. Bush institutionalized disrespect for the substance when, in the 2006 State of...
Natural gas, one of Earth’s cleanest, most abundant resources, accounts for 22% of total US energy use but only 2.2% of the energy used in the US for transportation, although ...
Wintershall Chairman Reinier Zwitserloot, speaking Feb. 10 in Houston during a Q&A session following a Eurasia Transportation session at Cambridge Energy Research Associates’ ...
Oil companies must resist slashing exploration and development activities during the economic downturn if industry expects to supply energy to meet projected long-term demand,...