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  • Volume 106, Issue 10

    • Volume 106, Issue 10

    More content from Volume 106, Issue 10

    Traders pushed crude prices well above $100/bbl in late February, turning from equities to commodities as a haven for investments as fear of a US recession sent the US dollar ...
    March 10, 2008
    Russia’s state-owned pipeline concern OAO Transneft will begin construction for the export terminal of the East Siberia Pacific Ocean oil pipeline this month, according to company...
    March 10, 2008
    The US Supreme Court heard arguments Feb. 27 over whether ExxonMobil Corp. should pay punitive damages arising from the 1989 crude oil spill into Alaska’s Prince William Sound...
    March 10, 2008
    Venezuelan President Hugo Chavez is pulling out all stops in his effort to undermine the US, even calling on the Organization of Petroleum Exporting Countries to back his country...
    March 10, 2008
    US Sen. Pete V. Domenici (R-NM) could see a storm coming. The US House had just passed its latest bill to deny financial incentives to major oil companies and use the money to...
    March 10, 2008
    Shell Oil Co. Pres. John D. Hofmeister said his company proposes a 12-point energy plan, noting that he believes World War II was the last time the US had a “coherent, comprehensive...
    March 10, 2008
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    General Interest - Quick TakesSenate Republicans pressed to support billDemocratic leaders in both houses of the US Congress used record-high crude oil prices to press Senate ...
    March 10, 2008
    The US House of Representatives passed a bill Feb. 27 that proponents said would shift $18 billion in tax breaks from major oil companies to alternative and renewable energy projects...
    March 10, 2008
    The global subsea oil and gas market will remain strong for the foreseeable future and is forecast to total $218 billion over 2008-12, reports Scottish Enterprise in a study to...
    March 10, 2008
    Lately there has been a preponderance of company ads claiming that they are “going green” or reducing their carbon “footprint.
    March 10, 2008
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    The Energy Independence and Security Act requires 15 billion gal of corn ethanol in 2016.
    March 10, 2008
    Partners in Usan oil field off Nigeria are moving to develop the 2002 discovery, which lies in 750-850 m of water on Oil Mining License 138, about 100 km off the eastern Niger...
    March 10, 2008
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    Petrobras’ development of Cascade and Chinook fields in the US Gulf of Mexico will use a floating, production, storage, and offloading vessel in the initial phase.
    March 10, 2008
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    Wood Group Pressure Control,Denyko and BoisvertClick here to enlarge imageHouston, has named Will Denyko US service director and Loren Boisvert US operations manager. Denyko’s...
    March 10, 2008
    Kicking oil companies in the shins is not energy policy. It’s childishness.
    March 10, 2008
    ArgentinaArgenta Oil & Gas Inc., Toronto, said the first well on its 100% owned Loma El Divisadero Block in Argentina’s Neuquen basin found 19° gravity oil in the Chorreado member...
    March 10, 2008
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    New vacuum powered vessel lifterThis new high-capacity, custom battery powered vacuum lifter is designed for handling large vessels in a plant with cranes or outdoors using a ...
    March 10, 2008
    A champion of last year’s energy bill reads too much into a revision by the Energy Information Administration of its long-term outlook for US energy.
    March 10, 2008
    ABB Inc.www.abb.com/totalflowBaker Hughes IncorporatedBaker Petrolitewww.bakerpetrolite.comBCCK Engineeringwww.bcck.comButler Manufacturing CompanyChevronDakil Auctioneers, Inc...
    March 10, 2008
    McMoRan Oil & Gas Corp. LLC, New Orleans, has entered into a multiwell drilling contract with Rowan Cos. Inc. that includes its reentering the ultradeep Blackbeard gas prospect...
    March 10, 2008
    Egypt’s gas production and exports are building with the recent opening of several pipelines, and BP PLC is sizing up its first discovery of deep Oligocene nonassociated gas offshore...
    March 10, 2008
    EOG Resources Inc., Houston, plans to drill seven wells in 2008 and is shooting a 36 sq mile 3D seismic survey in a horizontal play for oil in Cretaceous Niobrara in Colorado’...
    March 10, 2008