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oil & gas

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Week in Oil & Gas: Climate Bill Hurdles and Refining Blues
A key Senate panel -- along with environmentalists, oil and gas industry folk and government energy officials -- squared off last week in a round of hearings aimed at hashing out the details of a climate bill. The initial hearings, as the WSJ notes, took on a familiar political...
Tags: U.S., Industry, Oil & Gas, Climate Change, U.S. Senate, Chevron Corp., WTI, Kirsten Korosec
Blog posts 2009-11-02
Seven Ways to Deal with Our Oil Addiction
The Find: One veteran energy observer insists we're going to have to break our addiction to oil sooner rather than later and suggests seven real world ways we can move away from fossil fuels. The Source: Energy analyst Chris Nelder writing on Business Insider's Green Sheet. ...
Tags: Offshore, Midwest, Wind Farm, Photovoltaics, Oil & Gas, Fossil Fuel, Outsourcing, Manufacturing, It Operations, Business Operations, Outsourcing & Subcontracting, Jessica Stillman
Blog posts 2009-07-06
Energy Roundup: Exelon Raises NRG Bid, BP Closes Renewables HQ and More
Exelon bumps up hostile bid for NRG -- Recognizing that NRG has done a good job of blocking its takeover bid, Exelon has raised the offer about 12 percent, to $7.45 billion. NRG's annual meeting is later this month, and it's hoped the increased amount will encourage more stockholders to...
Tags: BP Plc, Oil & Gas, NRG, Colorado Oil-and-Gas Association, Storage, Hardware, Chris Morrison
Blog posts 2009-07-03
Fighting Over Natural Resources To Balance Your Budget
Some nations and regions are blessed with possessing valuable natural resources like oil or natural gas. This has led to those areas to use the revenue to prop up and balance their budget. In the United Kingdom Scotland is the main production area for oil thanks to the...
Tags: Revenue, Oil & Gas, Alaska, Government, Operational Accounting, Vertical Industries, Finance, Matthew Potter
Blog posts 2009-06-19
Will a Royalty Relief Repeal Slow Oil and Gas Drilling in the Gulf of Mexico?
Mandatory royalty waivers -- often referred to as royalty relief -- would end for some offshore oil and gas production, under an amendment approved Tuesday by a Senate panel. Technically, the amendment doesn't ban royalty relief. It simply leaves the decision up to the Interior department secretary,...
Tags: Offshore, Oil & Gas, Amendment, Royalty Relief, Kirsten Korosec
Blog posts 2009-06-16
One Big Fracking Problem for Oil and Gas Industry
Legislation introduced this week that targets hydraulic fracturing -- a technique used to access vast new fields for drilling -- is pitting the oil and gas industry against environmentalists in a debate over public health, federal versus state regulation and the protection of industry trade secrets. Here's what the legislation also will...
Tags: Chemicals, Industry, Oil & Gas, Natural Gas, Oil-and-gas Industry, Kirsten Korosec
Blog posts 2009-06-11
Senate Panel Clears the Way For Expanded Oil and Gas Drilling
Oil and gas drilling has been expanded in the eastern Gulf of Mexico under an amendment approved Tuesday by the Senate Energy and Natural Resources Committee. But long before oil and gas companies set up shop in this new extended area, the measure faces a number of hurdles and opposition...
Tags: Oil & Gas, U.S. Senate, Amendment, Oil-and-gas Industry, Kirsten Korosec
Blog posts 2009-06-09
China Targets Addax, Kosmos in Overseas Asset Grab
China is fueling much of the consolidation within the oil and gas industry, with as much as $12 billion worth of deal currently in the pipeline. The latest company to catch China's asset-focused eye is Addax Petroleum, a Geneva-based oil and gas explorer, the South China Morning Post reported Monday....
Tags: Oil Company, Asset, China, Ghana, Iraq, Baghdad, Oil & Gas, Kosmos, Addax, Genel, Government, Asset Management, Operational Planning, Business Operations, Kirsten Korosec
Blog posts 2009-06-08
Rosatom Building Floating Nuclear Plants For Oil Exploration
Russia's state-owned nuclear company Rosatom began building the country's first floating nuclear power station FNPS this week, according to the Moscow Times, opening a new chapter on the country's outstanding record of nuclear innovation and safety. There won't be much to distinguish an FNPS from a regular...
Tags: Russia, Oil & Gas, Chris Morrison
Blog posts 2009-05-19
Energy Roundup: Google Buys Carbon Credits, Ba-bye to Oil and Gas Tax Breaks, Biofuels Subsidies Hit $400 Billion, and More
Google scoops up carbon credits in effort to offset emissions -- Google's effort "to do no evil" took a little longer than expected in the carbon credits arena. The search engine giant bought enough carbon credits to offset all of its emissions from 2007 and some from 2008. The company's...
Tags: Google Inc., Biofuel, Oil & Gas, Tax Break, Carbon Credit, Taxes, Free Trade, Personal Finance, Financial Planning, Finance, Kirsten Korosec
Blog posts 2009-05-07
Conoco, Occidental's Dismal Q1 Brightened by Cutting Costs, Increased Production
ConocoPhillips and Occidental Petroleum reported their first quarter earnings today and as expected the results were pretty abysmal as lower prices for oil and gas pushed net incomes for both companies down about 80 percent from the same period last year. And yet there were a few...
Tags: Occidental Petroleum Corp., Oil & Gas, ConocoPhillips Co., Kirsten Korosec
Blog posts 2009-04-23
Anadarko Royalties Case Spurs Oil Taxes Debate
No one really expected the federal government to just roll over and take a recent ruling that could prevent it from collecting billions in royalties on oil and natural gas leases, right? So it should be no surprise the Obama administration asked Monday for an "en banc" review -- that...
Tags: Finance, Financial Planning, Government, Kirsten Korosec, Lease, Oil & Gas, Revenue, Taxes
Blog posts 2009-04-01
Energy Roundup: Mr. Ethanol Goes to Washington, Carbon Dioxide-Sucking Rocks, and More
Ethanol producers hit Capitol in bid to increase blend -- U.S. ethanol producers pressed the Obama administration to raise the limit on ethanol in fuel to 15 percent, a move they said would create as many as 136,000 new jobs and reduce imports. Growth Energy, an ethanol trade group, submitted a...
Tags: Solar Energy, Battery, Oil & Gas, Carbon, Telecom & Utilities, Kirsten Korosec
Blog posts 2009-03-06
Energy Roundup: Yucca Mountain's Demise, BG Sweetens Bid, and More
Obama rejects Yucca Mountain nuclear waste project -- President Obama's budget released this week removes almost all funding for the Yucca Mountain nuclear waste storage project, effectively killing a plan 20 years in the making. The administration will focus on a new strategy of how to handle waste, and the...
Tags: Oil & Gas, Kirsten Korosec
Blog posts 2009-02-27
United States Oil May Need an Endangered Listing
The Obama administration is signaling, from more than one direction, that it is not particularly sympathetic to the country's oil and gas industry. The President's draft budget, first shown this week, proposes getting rid of $31.5 billion in tax breaks for the industry by lengthening amortization periods...
Tags: Chris Morrison, Management, Obama Administration, Oil & Gas, Oil-and-gas Industry, Strategy
Blog posts 2009-02-27
Baker Hughes Global Rig Count Shows Tiny Rise, U.S. Count Continues to Drop
The number of active drilling rigs worldwide in June 2009 was 39 percent lower than the same month last year, according to Houston, Texas-based Baker Hughes, an oil and gas equipment services company. There were a few glimmers of recovery in the company's monthly international report, which shows rig counts...
Tags: U.S., Count, Rig, Oil & Gas, Canada, Kirsten Korosec
Blog posts 2009-07-08
Halliburton Lands $450M Contract Extension with StatoilHydro
Oilfield service companies have struggled in the past two quarters -- plagued by plummeting crude and natural gas prices, which were efficient at putting the brakes on exploration and production. So, it was a positive sign for Halliburton, one the world's largest oilfield service businesses, to land a two-year contract extension from StatoilHydro....
Tags: Oil & Gas, Halliburton Co., Natural Gas, Telecom & Utilities, Kirsten Korosec
Blog posts 2009-07-16
Week in Oil & Gas: Foreign Oil Sands Grab and Climate Shenanigans
Korea National Oil Corp.'s $3.9 billion acquisition of Harvest Energy sent a message last week to the industry: the Canadian oil sands are back. High operating costs and low crude prices turned the region into an investment desert for months. That dim view is brightening, however, as...
Tags: BP Plc, Oil & Gas, Climate Change, KNOC, Kirsten Korosec
Blog posts 2009-10-26
Another Climate Prank: Sen. Arlen Specter Chased by Yes Men in Survivaball Suits
The Yes Men, the environmental and corporate ethics activist group responsible for this week's fake press conference prank against the U.S. Chamber of Commerce, is at it again. This time they chase Sen. Arlen Specter in giant Survivaball suits and create a little havoc on Capitol Hill in Washington D.C. ...
Tags: Sen., Oil & Gas, Climate Change, Ethics, 350.org, Business Ethics, Leadership, Management, Kirsten Korosec
Blog posts 2009-10-21
Week in Oil & Gas: Climate Bill's Small GOP Blessing and the Race For Energy Assets
Earnings season is ramping up again with companies like Halliburton and General Electric already pulling back the curtain on their third quarter results. But before we dive into the numbers over here at BNET Energy -- a word or two about some developments last week shaping the fundamentals of the energy...
Tags: Asset, Offshore, Exxon Mobil Corp., GOP, Republican, Oil & Gas, Climate Change, Asset Management, Outsourcing, Operational Planning, Business Operations, It Operations, Outsourcing & Subcontracting, Kirsten Korosec
Blog posts 2009-10-19
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