The letter “Peak-oil context” by Michael Lynch correctly points out that large additional reserves continue to be added to the world’s capacity, despite statements that the “elephants...
General Interest - Quick TakesEU member states’ gas use falls 1.5% in 2007Natural gas consumption in the 27 member states of the European Union fell 1.5% in 2007 compared with...
Two leading Democrats on the US House Energy and Commerce Committee announced an investigation into the US Department of Justice’s Oct. 22 plea agreement with BP concerning the...
Valero Energy Corp. is conducting a “strategic alternative review” of three of its refineries in an effort to possibly sell them, according to Chief Executive Officer Bill Klesse...
Two federal sales of offshore oil and natural gas leases in the eastern and central planning areas of the Gulf of Mexico have attracted a total of more than $3.7 billion in apparent...
The US Senate voted Mar. 13 to extend moratoria on federal oil and gas leasing on most of the Outer Continental Shelf as well as on developing oil shale resources.
The total transaction value for worldwide upstream corporate and asset deals slipped to $154 billion in 2007 compared with $166 billion in 2006, consultants said in an annual ...
It’s March. Gasoline demand is weak, and inventories of the fuel are comfortable with higher imports, but the price is close to $1/gal higher than it was this time last year.
Gastem Inc., Montreal, took a farmout from Utica Energy LLC, private New York operator, to drill one horizontal and five vertical wells in New York state by Jan. 16, 2009.
For seven sessions Mar. 5-13, the front-month crude contract consecutively set record high prices on the New York Mercantile Exchange as the US dollar fell to record lows vs. ...
Honeywell International Inc.,GilsdorfClick here to enlarge imageMorris Township, NJ, has appointed Norman Gilsdorf to vice-president and general manager for Honeywell Process ...
Preventing black powder contamination from damaging a gas pipeline’s metering system requires regular dismantling and cleaning of its metering instruments, manifolds, impulse ...
CubaSherritt International Corp., Toronto, plans to drill one exploratory well and 11 development wells as part of its companywide $150 million budget for 2008.Sherritt expects...
New offshore crew supply vesselA new offshore crew supply vessel designed for international operations combines the Cheetah CrewZer high speed Class DP2 catamaran and the nine...
Congressional oil-price inquisitions target the wrong people. Government officials, not oil-company executives, should have to answer for zooming prices.
An Upper Devonian shale gas play, emerging the past 2-3 years in remote northern Northeast British Columbia, has the potential to become one of North America’s larger gas fields...
