Earlier excitement among international marketers over China's promise to open its market to more imports of lighter petroleum products besides fuel oil-as its price for membership in the World Trade Organization-is fading after a slow start and a fast shuffle by Chinese authorities, said a market analyst.
Oil & Gas Journal changed more than its look in May 2000: With one of those design changes, OGJ formalized recognition of its regular coverage of all modes of hydrocarbon transportation, not just pipelines. Hence this week's special report on Tankers and Terminals.
Russia has leaped out of its post-Communist muddle, heading determinedly west. Last week it crossed a remarkable threshold by joining the North Atlantic Treaty Organization as a nonvoting partner.
Earnings for Canadian oil and gas companies were weak in the first quarter, largely the result of lower oil and gas prices. Downstream earnings were impaired by mostly weak refining margins caused by depressed demand for products and a narrower light-to-heavy crude oil differential.
US Sen. Jeff Bingaman (D-NM), chairman of the Senate Energy and Natural Resources Committee, was scheduled to preside over a field hearing in Bloomfield, NM, May 31 that should be of interest to US oil producers within and outside New Mexico.
Tulsa-based Williams Cos. Inc. has become the latest in a growing number of US energy marketers and traders having to step forward to defend its electricity trading practices to the US Federal Energy Regulatory Commission and other government agencies.
The board of Houston-based Dynegy Inc. announced early last week that it has accepted the resignation of company Chairman and CEO Charles L. "Chuck" Watson.
A carbonate-laden gel pill, placed inside a sand-control screen and optimized for particle size distribution of the bridging particles for specific sand-control screens, minimizes fluid loss and potential damage to a gravel pack and formation.
Forest Oil Corp., Denver, successfully completed openhole logging operations with drill pipe-conveyed memory logging tools to a depth of 20,203 ft MD in its Redoubt No. 4 delineation well in Alaska's Cook Inlet.
Several technologies are available for treating Prudhoe Bay gas for LNG production. Considering the huge capital investment involved with such projects, Parsons Energy & Chemicals Inc. conducted a comprehensive process selection study of new and conventional technologies.
New laws and regulations governing storage and transportation of liquid petroleum often result from incidents so dramatic they draw the attention of the general public.
Aquamarine Shipholding Maritime SA, Panama City, Panama, took ownership in April from NKK's Tsu shipyard near Nagoya, Japan, of Tateyama, a new 300,000-dwt VLCC oil tanker.
