Table of Contents

Oil & Gas Journal

06/25/2012
Volume 110, Issue 6c
120625ogj-cover
  • Regular Features

    • OGJ Newsletter

      International news for oil and gas professionals

    • Journally Speaking

      • CREW claims gas conspiracy

        It was one of those "don't know whether to laugh or cry" moments in early June when Citizens for Responsibility and Ethics in Washington (CREW) called for the Justice Department's antitrust division to investigate whether Chesapeake Energy Corp., ConocoPhillips, and others conspired to reduce natural gas production.

    • Editorial

      • The EC shows flexibility

        The European Commission has shown welcome flexibility in its push to centralize safety regulation of offshore oil and gas activities (OGJ, Feb. 6, 2012, p. 26). Its next move toward enhanced offshore safety should be to rethink the need for centralized regulation.

    • EQUIPMENT | SOFTWARE | LITERATURE
  • General Interest

    • NRC studies earthquake risk from hydraulic fracturing

      Hydraulic fracturing, as currently used by the oil and gas industry for unconventional natural gas projects, poses little risk for inducing earthquakes that can be felt by people, the National Research Council (NRC) said in a recent report.

    • Experts: Induced quakes likelier with higher injection volumes

      Small earthquakes appear likelier with higher underground injection volumes associated with wastewater disposal and carbon capture and storage projects than from hydraulic fracturing to recover oil and gas from tight shales, experts told the US Senate Energy and Natural Resources Committee.

    • NRC committee urges BSEE to modify safety practices

      The US Bureau of Safety and Environmental Enforcement should modify some existing practices in evaluating offshore safety and environmental systems (SEMS) programs' effectiveness, a National Research Council committee report recommended.

    • Watching Government: Outcomes in New Mexico, Texas

      Voluntary conservation agreements already in place in New Mexico and Texas have kept the US Fish and Wildlife Service from listing the dunes sagebrush lizard as an endangered species, the US Department of the Interior announced on June 13.

    • API opposes EPA's proposed soot standards updates

      The US Environmental Protection Agency proposed air-quality updates to its annual standards for particulate matter, also called soot, involving fine particles 2.5 µm or less in diameter (PM 2.5) to a range of 12-13 µg/cu m. The current annual standard is 15 µg/cu m.

    • BP: Open markets stabilized turbulent year

      Disruptions to supply and ever-increasing demand were the two main energy stories of 2011, according to the BP Statistical Review of World Energy 2012.

    • OPEC leaves production target unchanged

      During a Meeting of the Conference of the Organization of Petroleum Exporting Countries conference in Vienna, the producer group decided to leave its official production ceiling at 30 million b/d.

    • Petrobras approves 2012-16 business plan

      Brazil's state-run Petroleo Brasileiro SA (Petrobras) has approved its 2012-16 business plan with investments totaling $236.5 billion and averaging $47.3 billion/year.

    • USGS estimates potential conventional reserves growth outside US

      The US Geological Survey released a new global estimate for potential oil and gas reserve additions in conventional discovered fields outside the US.

    • Statoil joins PetroFrontier on Georgina basin blocks

      Statoil Australia Oil & Gas AS will take a farmout from PetroFrontier Corp., Calgary, on PetroFrontier's four exploration permits and two exploration permit applications in the southern Georgina basin in Northern Territory, Australia.

    • WEA questions cost of BLM's proposed fracing rule

      The US Bureau of Land Management's proposed rule to regulate hydraulic fracturing on public lands could impose costs of up to $1.6 billion/year upon society, the Western Energy Alliance (WEA) said in a full economic analysis released June 13.

    • Investor groups ask industry to cut methane emissions

      Three institutional investor groups called upon the oil and natural gas industry to reduce methane emissions from unconventional oil and gas activities, citing concerns about hydraulic fracturing.

    • IHS: Unconventional gas supporting 1.4 million US jobs by 2015

      Natural gas production from shale, coalbed methane, and tight sands is expected to support 1.4 million US jobs by 2015, said a new study released by IHS Global Insight.

    • The Editor's Perspective

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Available Webcasts

On Demand

OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

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Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

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Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

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The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


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