Amid the extensive damage to onshore energy facilities in the wake of Hurricane Katrina, Minerals Management Service (MMS) Director Johnnie Burton on Friday said it will be at least three months before 90% of pre-storm Gulf of Mexico production returns to U.S. markets. Right now the GOM is producing about 65% of its pre-Katrina average of natural gas and less than half of its previous oil volumes.
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Pemex Increases Exploration Spending to Boost Reserves
The director of exploration and production (E&P) for Mexico’s state-run oil monopoly Petroleos Mexicanos (Pemex) said the company is stepping up its spending to increase its proven reserves replacement from the current 15% a year to 77% by 2010.
April 18, 2005
Pemex Increases Exploration Spending to Boost Reserves
The director of exploration and production (E&P) for Mexico’s state-run oil monopoly Petroleos Mexicanos (Pemex) said the company is stepping up its spending to increase its proven reserves replacement from the current 15% a year to 77% by 2010.
April 15, 2005
Texas PUC Staff Recommends Cutting $1.95B from CenterPoint’s True-Up Costs
The director of financial analysis for the Public Utility Commission of Texas (PUCT) recommended last week that $1.95 billion be trimmed from a $4.43 billion request by a CenterPoint Energy Inc. to recover the costs of stranded power plants, environmental controls and transition.
June 14, 2004
MMS: GOM Deepwater Still Expanding Frontier
The extraordinary growth of oil and gas operations in the deepwater Gulf of Mexico (GOM) continues to be an expanding frontier, Minerals Management Service (MMS) Director Johnnie Burton said Wednesday. However, competition for exploration and production (E&P) budgets worldwide could hinder stronger growth.
May 10, 2004
MMS: GOM Deepwater Still Expanding Frontier
The extraordinary growth of oil and gas operations in the deepwater Gulf of Mexico (GOM) continues to be an expanding frontier, Minerals Management Service (MMS) Director Johnnie Burton said Wednesday. However, competition for exploration and production (E&P) budgets worldwide could hinder stronger growth.
May 6, 2004
Pemex: Multiple-Service Contracts for E&P on Track for November
The director of Mexico’s oil monopoly Petroleos Mexicanos (Pemex) said the new natural gas multiple-service contracts that would allow private investment in the country’s oil and gas resources are nearly complete, and should be tendered by November as planned.
June 24, 2002
Gas Council Proposes One Agency to Oversee Energy Security
Four natural gas trade groups have called on Homeland Security Director Tom Ridge to award one federal agency primary responsibility over the security of the nation’s energy infrastructure.
January 28, 2002
People
FPL Group Inc. announced that Lewis Hay III has been elected president, CEO and a director of the $7 billion electricity-related services company. He succeeds James L. Broadhead, who will remain as chairman through the end of the year. Since March 2000, Hay had been serving as president of FPL Energy, the company’s independent power production company and its fastest growing business. He joined FPL Group in August 1999 as CFO. Hay will continue to serve as president of FPL Energy until a replacement is named, the company said.
June 14, 2001
People
Apache Corp. reported that Jon W. Sauer has been promoted to vice president-tax. Sauer joined Apache as manager of tax in August 1992. He was promoted to director in 1997. Prior to joining Apache, he was tax manager at Swift Energy Co.
May 9, 2001
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