16th World Petroleum Congress
WPC2000061802 - 17 JUNE 2000 - CALGARY, AB, CANADA: A Chinese delegate talks to a representative of the U.K.'s Wood Mackenzie exhibit booth at the 16th World Petroleum Congress in downtown Calgary, June 15. Wood Mackenzie provides invaluable commercial analysis and strategic advice to the worlds leading energy companies, covering upstream oil and gas, oil refining and marketing, downstream gas and power generation. mc/hr/H. Ruckemann UPI
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Consultancy group Wood Mackenzie said greater oil and gas production in North America will not decrease its dependence on foreign markets.
The shale natural gas potential in Argentina is good though the sector may be hampered by the lack of foreign investment, analysts said.
The Russian focus on Asian economies suggests energy trade between Moscow and Beijing will quadruple by 2025, Wood Mackenzie said Thursday.
Billions of dollars worth of undeveloped natural resources are in the Middle East but there may be significant challenges in reaching them, Wood Mackenzie said.
Policy and regulatory uncertainty from Japan and South Korea could lead to a tighter market for liquefied natural gas in the region, Wood Mackenzie said.
OPEC should start to shift its supply focus to the Chinese market as the United States starts using more of its own oil, Wood Mackenzie said.
The first of five shipments of liquefied natural gas from Qatar arrived at an Egyptian port to help address energy concerns, the Qatari government said.
There's no way to cut back on the amount of crude oil traveling by rail without additional pipeline capacity, a Houston energy analyst said.
The peak body for Australia's oil and gas industry has called for policy reforms, warning that failure to do so would put billions of dollars in new liquefied natural gas projects at risk.
Shale oil and natural gas developments in Argentina will help Chevron meet its medium-term production targets, the U.S. energy company said.
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United Press International
United Press International
