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

The article and the fact of US trade with Iran brings forward the almost laughable state of diplomatic policy in the US. Another reason why the sanctioned nations do not fret all that much under sanctions, especially those initially imposed. While diplomatic searches to avoid armed conflict are in everyone's...

Emily Kaiser (Reuters) in Washington reported in the July 7 issue of the International Herald Tribune that the rich nations of the world need help to cope with rising energy prices. Fuel protests in Europe and low levels of consumer confidence in the U.S. are political issues. Transportation fuel prices...

There is every reason to hope that the Washington brain trust will see the wisdom in removing this tariff. We should press all of our leaders to get behind this effort, it is more important than many of their compromised eyes can see. We should also press to abandon the current failed policy supporting...

There is no reason to doubt that the Saudi's have a real project here and have a significant vested interest in seeing that it and others like it are successful. The level of production and the timing of that production are unimportant in the much more important equation the West and the rest of...

Ethanol, biodiesel, jet fuel replaced by coconut oil(Virgin Atlantic just completed their first flight using this fuel alternative over the weekend), heating oil from restaurant waste oil and the list goes on. These are part of the equation for reducing price pressures on crude. Failed policies by political...

Robert F. Worth in the July 3 issue of the International Herald Tribune reported on a Saudi Aramco sponsored field trip to the Khurais Oil Field, Saudi Arabia. The visitors were journalists. The field is the scene of a $10 billion redevelopment of Khurais and two smaller adjacent fields. Twenty-six...

Max Delany (Moscow Times) reported in the July 2 issue of the International Herald Tribune that Alexei Miller, CEO of Gazprom discussed energy agreements Tuesday with the government of Turkmenistan, paving the way for a visit from President Dmitri Medvedev on July 4. Talks began in December of 2007...

Florida will accept offshore exploration for gas before it accepts oil exploration. Environmental issues remain an emotional barrier for politicians, but majors and independents will eventually succeed.

Nelson D. Schwartz in New York reported in the July 5-6 issue of the International Herald Tribune that it was just three years ago that Chevron bought Unocal. Crude oil was then trading at $66/bbl. The price for the legendary California oil company was $18 billion. David O’Reilly, CEO of Chevron who...

Domestic reserves of crude need to be developed to the fullest extent possible. Not doing so should be reason enough to remove whomever and whatever obstacle standing in the way. Enough of the hysteria about natural resource development from the environmentalists. For at least the next 30 years, this...