OPEC's decision to cut 1.5 million b/d beginning Jan. 1 is expected to gradually push oil prices up this year, according to EIA. The agency projected WTI prices will rise to $25-26/bbl by yearend and remain there through 2003.
Corruption associated with the international oil business is an issue that is "now on the table" according to Heinz Rothermund, Royal Dutch/Shell Group's regional business director for Latin America and Sub-Saharan Africa. He was a speaker, panelist, and lonely oil company representative at the 10th International Anti-Corruption Conference in Prague last October. He was there to describe Shell's tough anticorruption business practices and policies.
Wright-Austin Type T gas-liquid separators now have entrainment removal efficiencies that exceed 99% over the entire flow velocity range for which the separator was designed.
Lafayette, La., has named Jerry Borges as vice-president of international sales. A graduate of the University of Missouri in civil engineering, Borges has spent 20 years with Halliburton Energy Services, most recently as regional vice-president in Dubai. He will be based at OSCA's international headquarters in Houston.
The US has new occasion to choose between genuine environmental protection and environmentalist punishment of disfavored industries. And the oil and gas industry has a fresh chance to show how those motives clash.
Typically, movements in US gasoline prices reflect changes in crude oil prices and seasonal factors. But over the past two driving seasons supply problems, especially with reformulated gasoline (RFG), have had major impacts on prices.
Europe's roads have recently been covered by snow and ice and consequently grit and rock salt. Windscreens have been smeared and misted, and there have been thousands of minor crashes and collisions.
It's been over a month since a judge's order shut down public access to most internet web sites and e-mail run by the US Department of the Interior. US District Judge Royce C. Lambert ordered the shutdown in response to claims of Interior's lax web site security that came in recent testimony in a 5-year-old lawsuit by Indian tribes that alleges the department mishandled billions of dollars in royalty trust funds.
The bankrupt Enron Corp., Houston, still faces a myriad of unresolved issues, including lawsuits and various hearings in Washington, DC, but it settled one legal dispute by agreeing that Houston-based Dynegy Inc. can exercise its option to buy Enron's Northern Natural Gas Pipeline unit.
Seitz joined Anadarko as an exploration geologist in 1977. In 1989, he was named vice-president, exploration and production operations. In 1997, Sietz was promoted to executive vice-president, exploration and production, and elected to the company's board. Seitz was named president and chief operating officer in 1999.
The Union Texas Pakistan Group (UTP) began exploration in Pakistan in 1977 on the nearly roadless area of the Badin Bock in the Lower Indus basin.1 The first oil discovery in the Lower Indus basin at Khaskeli in 1981 opened up the fascinating new play of Lower Cretaceous for petroleum exploration in Pakistan (Fig. 1).
A study on predicting acid-gas densities for the pressure and temperature ranges relevant to acid-gas injection schemes found that only one common equation of state gave unsatisfactory results.
Crude oil producers can lose substantial revenues because they do not achieve maximum value from their crude oil sales. Producers, traders, and refiners must be fully aware of key issues that can influence the market and price differentials for crude oil.
Turkey looms large in any discussion of transporting the world's hydrocarbon resources, sitting as it does astride major supply routes to European energy markets for the generous energy wealth of the Caspian Sea region and the Middle East. This characteristic has earned the country the nickname "Energy Bridge between East and West" (Fig. 1).
Sen. Frank Murkowski (R-Alas.), ranking member of the Committee on Energy and Natural Resources, is continuing his efforts to promote Alaska's oil and gas resources as serving a vital role in future US energy policy.
US state governments must work together to protect the nation's energy infrastructure from attack, urges the new chairman of the Interstate Oil and Gas Compact Commission.
