International News for oil and gas professionals
Climate change and oil and gas operations' role in it are often delicate topics when oil and gas professionals meet at industry conferences.
The axiom is repeated often: When a government increases taxation of an activity, less of the activity occurs; when it lowers taxation, activity increases.
Gasoline demand this summer in the United States will be at its lowest level in 11 years while the price sets a record high. What gives?
Oil & Gas Journal's semiannual Worldwide Construction Update shows an increase in refining construction activity compared with the previous edition of the update (OGJ, Nov. 7, 2011, p. 28).
Development of the massive shale discovery recently made by Repsol SA in Argentina is threatened by the Argentine government's pending renationalization of YPF SA.
The industry needs to internalize a robust safety culture to help the US Bureau of Safety and Environmental Enforcement do its job, BSEE Director James A. Watson told delegates Apr. 30 at the Offshore Technology Conference in Houston.
BP PLC has five offshore rigs operating in the Gulf of Mexico, which is the same number as it had before the April 2010 deepwater Macondo well blowout, a BP executive told an Apr. 30 breakfast audience at the Offshore Technology Conference in Houston.
China National Offshore Oil Co. plans to boost its output to 120 million tonnes/year by 2030 from 2011 levels of 50.14 million tpy.
Philadelphia area refinery closures will be only the beginning of shutdowns nationwide if the federal government does not change several key regulations, two oil industry officials warned on Apr. 26.
It was Tim Wigley's first Washington call-up as the Western Energy Alliance's president, and he liked what he saw.
Chesapeake Energy Corp. said its board will name an independent, nonexecutive chairman, as well as renegotiate the terms of the company's Founder Well Participation Program (FWPP) with Chairman and Chief Executive Officer Aubrey K. McClendon.
A Delta Air Lines Inc. subsidiary has agreed to buy the 185,000-b/d Trainer, Pa., refinery near Philadelphia from Phillips 66 Co. for $180 million, the companies reported Apr. 30.
Efficiency, particularly in the western US, is an increasingly important priority to meet an increasing water resource demand.
Uruguay, which has no oil or gas production, moved toward its busiest exploratory period on record when the ANCAP hydrocarbon agency received 19 bids in late March for 8 of the 15 Atlantic offshore exploration blocks it offered.
This article builds upon the analyses presented in the 2011 OGJ article, "Well production profiles assess Fayetteville shale gas potential."
One way to get a handle on the enormity of potentially producible hydrocarbons contained in shale formations is to estimate how much recoverable oil and gas remain within the source rocks in which they were generated as compared to how much producible oil migrated into "conventional" reservoirs.
This is the second of two parts on the use of hydraulic fracturing to facilitate and enhance the gas recovery process from conventional and tight gas reservoirs.
Under especially favorable conditions of economics, politics, and technology, production of bitumen from the Canadian oil sands can reach 3.9 million b/d in 2020 and peak at 6.8 million b/d in 2038 before receding to 6.2 million b/d by 2045.
The extraordinary surge in US gas processing and fractionation, in response to the country's development of shale gas plays, began to appear in 2011 capacity figures, as reflected in Oil & Gas Journal's latest plant-by-plant survey of global gas processing as of Jan. 1, 2012.
Estimates place the amount of Y-grade NGL flowing into the Mont Belvieu, Tex., fractionation hub by 2013 at slightly more than 2.1 million b/d, a nearly threefold increase from 2006.
Completion of Phase 1 of the Iraq Crude Oil Export Expansion (ICOEE) project enhanced the country's national security, providing needed redundancy to an export channel responsible for most of Iraq's revenue stream.
Changing circumstances in the Middle East and North Africa (MENA) are altering perceptions of potential developments in Libya and Iran.