GLG News by Oil and Gas Industry Experts (Gulf of Mexico)

The Oil & Gas Journal reported in the issue of August 4 that U.S. crude oil demand dropped 3% during the first half to 20.08 million bbl/day. It was the first large drop since 1991. The report was published July 18 by the American Petroleum Institute. Gasoline deliveries fell 1.7%. Remarkably it...

Washington Editor Nick Snow reported in the August 4 issue of the Oil & Gas Journal that experts say a basic force behind higher oil and gas prices is more expensive exploration and production. Policy focus is on crude oil price but Cambridge Energy Research Associates Chairman Daniel Yergin said...

Washington Editor Nick Snow reported in the August 4 issue of the Oil & Gas Journal that the United States has 2,247 trillion cubic feet of natural reserves, a 118 year supply at 2007 demand levels. A study released by the American Clean Skies Foundation (ACSF) and Navigant Consulting Inc., explains...

Felicity Barringer reported in the August 4 issue of the International Herald Tribune that the U.S. Congress is debating whether to intensify drilling efforts on government land. Consumers want lower gasoline prices but most new onshore drilling during the last seven years found natural gas. Oil production...

Kate Galbraith in Dallas reported in the August 6 issue of the International Herald Tribune that Americans are thinking about using natural gas to power automobiles. T. Boone Pickens, the oilman in Texas is pushing for it. His fear of reliance on foreign oil is behind his belief that natural gas is...

Senior Editor Steven Poruban reported in the July 28 issue of the Oil & Gas Journal that production of bitumen from Canadian oil sands will rise in the coming decades. But advances in technology will be required to reduce extraction emissions. At a July 15 meeting at the Oil Sands & Heavy oil...

Amie Ferris-Rotman and Dmitry Zhannikov in Moscow with Reuters reported in the Saturday-Sunday issue of the International Herald Tribune that Gazprom wants its western partners to lobby in its behalf to benefit from down-stream assets in Europe. Companies with interests in Siberian natural gas fields...

Adam Nossiter in Mansfield, Louisiana reported in the July 30 issue of the International Herald Tribune that landowners in DeSoto Parish were getting million dollar checks for their royalty interests. It is related to the latest non-conventional natural gas play in the Haynesville shale. Some months...

David Johnston and Anthony Rogers, with Daniel Johnston & company, reported in the July 28 issue of the Oil & Gas Journal on the economic performance of the Doba basin oil fields in Chad. The government of Chad receives a share of the profits that is about average by world standards. The operating...

Wind power is an alternative that can help in the augmentation of reducing transport fuels from crude, however, it cannot produce energy independence. Every alternative should be developed and Pickens is making a very big business bet on wind.  He is in it for profit and the overriding factor...