Exploration

The President’s plan includes increased development in the Gulf of Mexico and Alaska, as API recognises the strategy as progressive, but with significant limitations.

API believes that the new study understates the potential damage that would be caused should taxes on the US oil and gas industry be raised.

The program for the annual event held in Denver, Colorado on May 24 – 27 is released.

American Petroleum Institute president comments on efforts to develop US oil and natural gas resources.

ABB, the leading power and automation technology group, has won a $151 million order from the energy company Eni Congo SA to engineer, build and commission a new natural gas compression station and treatment plant in the Republic of Congo.

API president believes the study’s finding are especially relevant given the current debate on energy taxes and access to domestic reserves.

As first quarter earnings are made public, API states that the oil and gas industry’s importance to the US economic recovery should not be understated.

The latest EIC Monitor tracking new active and future projects across the global energy industry shows positive signs of growth across all sectors this quarter (Q1:January – March 2011), with the total number of new project announcements up 29% on the previous quarter.

Fraser Bomford, AKE, examines the problems Pakistan faces in developing its gas fields in Baluchistan to provide much needed gas supplies for the country.v

Air Products today announced it has signed an agreement with JGC Corporation to supply its proprietary propane pre-cooled mixed refrigerant process and MCR main heat exchanger for a two million tpy LNG project in Luwuk, Central Sulawesi, Indonesia.

Despite the risks, Russian oil is once more where the action is for Western firms, with a spate of high-profile deals inked in the first quarter of 2011.

The US oil and natural gas industry is working to help address the nation’s economic challenges according to the API.

Contango Oil & Gas Company announced today that it has committed to invest up to US$ 20 million over the next two years, in a joint venture that will acquire, operate, explore, and develop onshore unconventional shale operated and non-operated oil and natural gas assets.

The Kashagan oilfield is projected to be the second largest in the world after Saudi Arabia’s Ghawwar field; production in the country could reach dizzying heights when the field is properly tapped.

UK energy minister Chris Huhne comments on global oil prices during Saudi visit.