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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IHS sees second-half end of US output surge

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Expectations are moderating about growth of oil production in the US this year.

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Available Webcasts

On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

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Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

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US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

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The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

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