When considering well-designed, informative, and easy-to-navigate internet websites, those created and maintained by oil and gas companies wouldn't seem the most likely to gain entrance into the elite subset deemed "cutting edge of chic." Nevertheless, there is something to be said for having a powerful-albeit sometimes largely utilitarian-presence on the worldwide web, and oil and gas companies are no exception.
Aviva Petroleum Inc., Dallas, said seismic reprocessing is under way on the 145,000-acre Rio Magdalena association contract in the Upper Magdalena basin. The company said it is discussing with industry participants how to exploit the Guayuyaco and Rio Magdalena areas.
Two hazards of energy policy-making fell victim to common sense last week in the US Senate. A plan to toughen corporate average fuel economy (CAFE) standards for US vehicles stalled. And an effort to double a proposed mandate for renewable energy in utility power generation failed.
Count Petroleum Co. of Trinidad & Tobago Ltd. (Petrotrin) as the latest to join the ranks of Western Hemisphere state oil companies seeking to emulate their counterparts in the private sector.
A controversial proposal to lease the coastal plain of the Arctic National Wildlife Refuge in Alaska will likely be debated in early April as the Senate moves to a fourth week of debate on a comprehensive energy bill.
President George W. Bush signed an economic stimulus package earlier this month designed to jump-start business investment that also gives the oil industry some targeted tax relief.
Current oil and gas supply scenarios for the US Rocky Mountain region are "too narrow," because they focus mainly on availability of resources on federal lands.
US natural gas markets may suffer some short-term uncertainty and volatility after the American Gas Association relinquishes to the Energy Information Administration its duties of compiling and publishing weekly natural gas storage data in May. However, in the long term, the transfer will be a positive development, according to a report released earlier this month by Simmons & Co. International, Houston.
The world's LPG trade is slowly but steadily recovering from being hit by the global economic recession in general and by the US recession in particular as well as by warm weather patterns in its large North American markets. The results have been slumping prices and burgeoning storage volumes.
The 30% tariff that President George W. Bush recently imposed on imports of many types of steel definitely will raise costs for US manufacturers of oil country tubular goods and could trigger similar action against US imports of finished OCTG products, say analysts and pipe manufacturers.
The timing of new regulations governing sulfur limits and oxygenate preferences in motor fuels topped the agenda at the start of the 100th annual meeting of the National Petrochemical & Refiners Association in San Antonio Mar. 17.
Osaka Gas Co. Ltd. has finalized an agreement to purchase 1 million tonnes/year of LNG from the Australian North West Shelf venture expansion, said project operator Woodside Energy Ltd. This agreement covers a 30-year supply beginning in 2004.
Exploration methods including high-resolution aeromagnetics, organic geochemistry, and seismic provide exciting perspective on the Dominican Republic's giant offshore prospect.
Revamping an existing plant to increase production with minimum investment is important in today's process industries. Revamping a process plant is more complex than building a new plant. Revamps require a thorough knowledge and expertise of detailed material and energy balances.
Russia's vast oil and natural gas pipeline networks face significant growth and upgrading in the near future, creating numerous opportunities for Western suppliers.
Determining the optimum well testing interval, with the model discussed in this article, can balance the cost of performing periodic well tests with the benefits of finding well problems that may reduce production.
Capital spending in 2002 will decline in the US and Canada, especially in the upstream sector. Elsewhere, spending will increase, as indicated by Oil & Gas Journal's annual capital spending survey of US and Canadian oil and gas companies.
Strategic planning and real options theory begin with the end in mind. Both require the decision-maker to think forward through all possible and probable scenarios and options and reason backward.