Budget

Republican Sens. Mel Martinez of Florida and Elizabeth Dole of North Carolina have called on the Congressional Budget Office (CBO) to review the projected cost of carrying out an inventory of oil and natural gas resources in the federal Outer Continental Shelf (OCS).

Spurred by the success of a refocused strategy unveiled last year, Anadarko Petroleum Corp. last week added $300 million to its 2005 capital budget to build U.S. operations in three major areas: onshore acquisitions and drilling; coalbed methane (CBM) operations in Wyoming; and additional deepwater Gulf of Mexico exploration.

Spurred by the success of a refocused strategy unveiled last year, Anadarko Petroleum Corp. on Wednesday added $300 million to its 2005 capital budget to build up its U.S. operations in three major areas: onshore acquisitions and drilling; coalbed methane (CBM) operations in Wyoming; and additional deepwater Gulf of Mexico exploration.

With a new budget finally put in place in California, Gov. Arnold Schwarzenegger turned his attention to energy issues but got off to a rocky start last Monday with a news report quoting local government officials, environmental groups and consumer activists blasting the governor’s cabinet members for taking an 11-day trip with energy company executives to Australia and South Korea to visit liquefied natural gas (LNG) facilities.

California’s Gov. Arnold Schwarzenegger, with the state budget crisis put to bed for the new fiscal year, is planning to turn his attention to energy. In his “state-of-the-state” address kicking off the year he emphasized the so-called hydrogen highway, energy efficiency and renewables, but he has stressed that much can be done within an existing law (AB 57) passed two years ago.

With a new budget finally put in place over the weekend, California Gov. Arnold Schwarzenegger is expected to turn his attention to energy issues this month, but his administration got off to a rocky start Monday with a news report quoting local government officials, environmental groups and consumer activists blasting the governor’s cabinet members for taking an 11-day trip with energy company executives to Australia and South Korea to visit liquefied natural gas (LNG) facilities.

Exploration for natural gas offshore Canada’s East Coast will take patience, time and a large exploration budget, but producers also have to remain realistic about how many wells will be successful, an official with the Canadian Association of Petroleum Producers (CAPP) said last week.

Exploration for natural gas offshore Canada’s East Coast will take patience, time and a large exploration budget, but producers also have to remain realistic about how many wells will be successful, an official with the Canadian Association of Petroleum Producers (CAPP) said this week.

Feeling the heat over the budget deficit in Washington, Senate Republicans have used razor-sharp knives to cut the cost of the one-time $31 billion omnibus energy bill by more than half.