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While California conjures up the image of a perpetual battleground for oil and gas producers, there are, nevertheless, "opportunities in that turmoil," says Larry Bates, the new chairman of the California Independent Petroleum Association.

The US should encourage increased and diversified energy production from a range of foreign suppliers, especially those in more secure areas, senior officials of the George W. Bush administration told a congressional committee June 20.

The US Energy Information Administration is slated to have a new boss, possibly this summer.

Overall oil market fundamentals remained strong during 2001, as shown by the higher-than-average financial performances of a sampling of integrated oil and gas companies. Robust oil prices and above-average US natural gas prices and refining margins drove these gains.

Dynegy revealed on June 24 a $2 billion capital scheme to shore up its liquidity and reduce its debt. The news follows close on the heels of the energy marketer's June 19 announcement that it would cut 340 workers, or 6%, from its worldwide workforce.

Dynegy Inc. reported June 19 that Rob Doty has resigned from his position as executive vice-president and chief financial officer, and the company has appointed Louis Dorey to replace him. That same day, the energy marketer reported that it would cut 340 workers, or 6%, of its worldwide workforce.

The US Gulf of Mexico (GOM) has been and continues as a major source of domestic oil and natural gas supplies. Recently, some have begun to speculate that this critical domestic production area is or soon will be in decline.

The drilling industry employs mud-pulse telemetry worldwide to transmit drilling and formation evaluation data from the bottomhole. Current models consider the drilling mud to be a single phase through which the mud pulses travel. More realistically, however, drilling mud is a multiphase system.

Installation of ejectors has extended the life of 17 mature coalbed meth ane wells operated by BP America Production Co. in northwestern New Mexico and southwestern Colorado.

New reactor internals increased the feed rate, but the design retained the existing reactor shell to maintain a constant structure and foundation load. Internal clearances were closer than a typical new reactor system.

Nelson-Farrar Cost Index

Nelson-Farrar indexes for finished steels changed randomly during the period 1998-2001. Generally speaking, the alloy steels changed less than carbon steel products.

A new equation for accurate approximation of the Moody friction factor in the general gas-flow equation better approximates a wide range of Reynolds numbers than previously published equations.

Worldwide demand for petroleum products will increase this year as economic recovery takes hold, though strong prices will limit demand growth.

Drilling declines of 20% or more year to year are likely in the US and Canada in 2002.

Allegro Development
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