The transition of weekly gas storage reporting duties to the US Department of Energy's Energy Information Administration from the American Gas Association last week had many industry participants and observers questioning the possible impact on the market's ability to assess supply and demand fundamentals this summer.
This firm's multistream liquid and gas flow computers now come with a hot duty/standby option. The new feature allows full redundancy to be built into the system using two flow computers for as many as four meter runs and is suited for fiscal and custody transfer monitoring applications.
Members have restructured the Houston-based International Association of Geophysical Contractors and shifted its focus in an attempt to improve the profitability of what they describe as a financially threatened industry.
A novel use of marine controlled source electromagnetic sounding techniques (CSEM), called seabed logging, may cut exploration costs in deepsea areas. The method has been tested off West Africa in 2000 and in the Norwegian Sea in 2001 with promising results.
Fractured reservoirs have become more attractive for acquisition and development because of recent technological developments and tools for visualizing critical elements of fractured reservoir flow paths.
Conoco Inc. and Phillips Petroleum Co. have determined the locations of most major staff and support functions for the newly formed ConocoPhillips. As a result, the combined firm expects to lay off some workers in Houston, Tempe, Ariz., and Ponca City, Okla.
Newly formed ConocoPhillips has recently released the remaining list of its senior management staff. Appointments are effective following the completion of the proposed merger of Conoco Inc. and Phillips Petroleum Co.
A new compact selective H2S removal process is useful in a number of gas processing applications. The process is based on the cocurrent FramoPure gas-liquid contactor, from Framo Purification AS, Bergen, with commercial nonproprietary solvents.