US gasoline pump prices for spring and summer 2002 are expected to average $1.46/gal, about 8¢ lower than last year's average of $1.54/gal, according to new US Energy Information Admin- istration projections.
The spotlight shines on the many advances made in handling terabytes of 3D seismic and other oil field data and manipulating it almost instantaneously in visualization centers or remotely from worldwide locations to determine the best site and way for drilling for and producing oil and gas.
I was interested to read your article on the efforts of the North Sea Oil and Gas Industry Technology Facilitator to secure funding for the development of breakthrough technologies (OGJ, Feb. 18, 2002, p. 28).
Dallas, has elected James H. Nolan II as its 56th president. Nolan is executive vice-president and COO of Sheehan Pipe Line Construction Co., where he has spent his entire career.
Gauging the direction of oil prices requires some attention to-if not expertise in-geopolitics. While that has always been the case, never have the stakes been so high for oil markets as they are today in the Middle East.
A panicky spurt in the price of crude oil this week showed how widespread re mains the fear of a politically inspired embargo on oil exports from the Middle East.
War in the Middle East and economic paralysis in Venezuela give the oil market reason to worry-but not panic. Embargo threats by outraged exporters should be less troubling.
Crude oil production in the Asia-Pacific region has been flat since the mid-1990s. Despite many uncertainties, the region is more likely to see its long-term production decline rather than increase during the next 10 years.
World energy consumption is projected to increase by 60% over the next 2 decades, according to an annual report released last month by the US Energy Information Administration that predicts long-term trends in international energy markets.
White House officials and pro-industry lawmakers hope ongoing events in the Middle east and Venezuela will help build interest in a US energy policy agenda that encourages domestic drilling, including leasing a portion of the Arctic National Wildlife Refuge in Alaska.
Mindful of how politically volatile rising gasoline prices can be in this election year, Congress and the White House are taking preemptive steps to assure voters they have the situation under control.
Pioneer Natural Resources Co., Dallas, reported that it will spend $193 million to acquire working interests in natural gas properties in the Gulf of Mexico and West Texas.
Barrett is former chairman and CEO of Barrett Resources Corp., Denver, that Williams Cos. Inc., Tulsa, acquired last year for $2.8 billion in a move that more than doubled Williams's natural gas reserves (OGJ Online, May 7, 2001).
This article presents the results of preliminary radiometric surveys carried out in a known hydrocarbon-bearing region in the Krishna-Godavari basin of eastern India. The area is studied to investigate the possible occurrence of radiometric anomalies associated with oil and gas deposits.
Oil & Gas Journal's exclusive biennial enhanced oil recovery (EOR) survey shows a marked decrease in production from California steamfloods at the beginning of 2002 compared to the survey in 2000.
EOR production tends to be long lived, partly because of advances in technology. For example, gas processing has changed in the SACROC Unit, Scurry County, Tex. Kinder Morgan CO2 Co. is the current operator of the SACROC, but initial operator Chevron Corp. began water-alternating-CO2 injection to enhance oil production from the unit in the 1970s.
Extensive laboratory testing and data analyses reveal that the oil and gas industry can reliably estimate foamed-cement sample compressive strength, if the design engineer knows the compressive strength of the base cement and the percent gas by volume.
Coiled tubing provides the means to work in live wells, allowing wellbore clean-outs, openhole-formation washes, selective-matrix stimulation, production logs, and nitrogen-kickoff jobs.
A recent study, "2002 World Light Olefins Anal ysis," from Chemical Mar ket Associates Inc. (CMAI), Houston, provides a historical perspective and an outlook for global ethylene and propylene markets.
Damage assessment by in-line inspection and rehabilitation of a sour-gas pipeline in Mexico revealed, among other findings, that ILI data are not always accurate and that metal loss by corrosion was the principal integrity issue.
Work is progressing in Pakistan that will expand crude oil and refined products delivery capacity. Plans by Pak-Arab Refiniery Ltd. (PARCO), Karachi, call for as much as 2,150 km (more than 1,300 miles) of new product and crude oil pipelines by yearend 2007, more than 2,000 km of which for refined product lines alone.
