International news for oil and gas professionals
Runoff from Hurricane Sandy hadn't dried before some were declaring it "the storm of the century." Maybe it was, but it's too early to say for sure.
The International Energy Agency, in its much-discussed World Energy Outlook 2012 (WEO 2012), said North America would become a net exporter of oil around 2030.
Continuing its iterative approach to regulation, the US Environmental Protection Agency is looking anew at air-emission standards rejected in court.
Egyptian officials announced Nov. 21 a ceasefire agreement, which they helped broker, between Israel and Hamas leaders to end a week of fighting.
Global production and reserves of crude oil and lease condensate both increased in 2012, according to Oil & Gas Journal's annual Worldwide Production report.
Growth in world crude oil distillation capacity resumed in 2012, if only slightly, after turning down in 2011 (OGJ, Dec. 5, 2011, p. 30) following slow growth in 2010, according to the latest OGJ Refinery Survey.
Noble Energy Inc. is contemplating a tight oil play in northeastern Nevada where there has been little drilling by industry, executives told analysts in a briefing to outline the company's new venture exploration assets.
Government policymakers worldwide will have to scramble to keep pace as oil and gas companies aggressively develop unconventional plays, speakers told the IHS Forum in Washington Nov. 13-14.
MarkWest Utica EMG LLC has started up the 60 MMcfd Cadiz refrigeration plant in Harrison County, Ohio, supported by production from two Utica shale wells operated by Gulfport Energy Corp., Oklahoma City.
The Bipartisan Policy Center urged President Barack Obama's administration to make energy a top policy priority in its second term.
Norway is taking a phased development approach as it tries to create sustainable Arctic offshore oil and gas projects in the Barents Sea, its energy minister said on Nov. 9.
The US Environmental Protection Agency temporarily suspended BP Exploration & Production Inc., BP PLC, and BP affiliates from new contracts with the federal government, citing what EPA called BP's lack of business integrity regarding the Macondo deepwater well blowout and resulting oil spill.
ONGC Videsh Ltd. agreed to buy an 8.4% interest in the North Caspian Sea production-sharing agreement, including Kashagan offshore oil field, from ConocoPhillips, subject to approvals from Kazakhstan government authorities and consortium partners waiving their priority rights.
The author of a study projecting a 17 million b/d increase in global oil production by 2020 has criticized a recent forecast by the International Energy Agency that the US will become the world's top oil producer by 2020 (OGJ Online, Nov. 13, 2012).
The Australian federal government proposes to reintroduce cash bidding as a basis for awarding offshore exploration acreage in some areas around the country.
NuStar Energy LP affiliate NuStar Logistics LP launched a binding open season to assess shipper interest in firm priority space on its Niobrara Falls Project transporting crude oil from the Niobrara shale near Platteville and Watkins, Colo., to Wichita Falls, Tex.
US oil supply has been on an unprecedented surge of 1.3 million b/d from an all-time low of 4.95 million b/d in 2008.
This article highlights key information about the Haynesville shale play in northwest Louisiana from an OGJ Executive Report.
Saudi Aramco is developing several gas fields in the Eastern Province of Saudi Arabia by drilling horizontal wells in the Khuff and pre-Khuff tight carbonate and sandstone formations.
The UK's offshore oil and gas industry has experienced nearly 2 years of unprecedented change in the fiscal regime. Various modifications to the regime have seen the balance of risk and reward shift appreciably between government and industry for different types of investment.
The earliest steam assisted gravity drainage (SAGD) pilot projects have been installed and operated in the Athabasca and Cold Lake oil sands of Alberta, Canada, and many of these pilots are now mature.
The outlook for US refining isn't as bleak as US demand trends and economic headlines suggest, but it also is unlikely soon to return to that Golden Age of refining 2005-07.
Abu Dhabi Gas Liquefaction Ltd. (ADGAS) has compared the technical and economic performances of two modes for removing CO2 and H2S from sour natural gas feed to its Das Island liquefaction plant: the Benfield HiPure process1 and a simple amine-based processes.
Evaluating potential US LNG export terminals on the basis of their development plan, financial health, and development timeline allows a sorting of the various projects by their likelihood of completion.
New research has improved control of slack line flow in steep slope liquids pipelines, whether during commissioning, steady operations, or in the wake of an accident.