Now that the Organization of Petroleum Exporting Countries has extended its production quotas through the third quarter, industry analysts are focusing on potentially tight market fundamentals through the rest of this year and increased competition between OPEC and Russia in the future.
The FloBoss 103 flow manager measures static and differential pressures to a reference accuracy of up to ±0.075%. Gas flow is calculated for volume and energy in accordance with the 1992 AGA3 flow and AGA8 supercompressibility equations, and the unit is compliant with API Chapter 21.1.
Tulsa, has announced the opening of its new Technology Center in Tulsa. The new facility provides pipeline owners, operators, and technicians with hands-on training and qualification for a wide range of pipeline operations and maintenance tasks.
Optimization of oil and gas assets within a portfolio requires analysis and techniques that go beyond the efficient frontier favored by the traditional portfolio theory developed to optimize stock portfolios.1
Oil and gas companies continute to grapple with controversy over access to US federal lands. As Congress tries to hammer out a comprehensive energy bill that President George W. Bush can sign, lands access issues keep boiling over on the sidelines.
The Minerals Management Service's Gulf of Mexico regional office predicted in a June 10 report that leases held on the Outer Continental Shelf will be producing oil and natural gas at dramatically higher levels than a decade ago.
Ongoing worries by Wall Street and the public over corporate misconduct within and outside the energy business have led lawmakers to reexamine the role federal regulators play in keeping markets competitive.
Congressional leaders late last month officially began talks designed to reconcile differences between the House and Senate energy bills with both sides calling for a spirit of compromise. Negotiators spent the first day of the conference making televised opening remarks; more-serious discussions are expected after a week-long break for the July 4th holiday.
Major advances in sand-control tools, gravel-packing methods, and drilling and completion fluid technology have made horizontal gravel-packed openhole completions, in some cases, economically more attractive than stand-alone screen completions.
A multidiscipline team, assembled by BP Exploration (Alaska) Inc., completed a successful four well, coil-tubing drilling (CTD) pilot project to drill long horizontal multilateral sidetracks into the Milne Point Schrader Bluff field's shallow, heavy-oil reserves on Alaska's North Slope.
A comparison of LNG processes for tropical conditions showed that Shell double mixed refrigerant (DMR) process is a competitive alternative for the propane mixed refrigerant (C3MR) process. For both processes, an end-flash system provides many advantages.
A simple-to-use correlation has been developed which better predicts liquid holdup in gas-condensate transmission, two-phase flow pipelines. Research for the correlation is based on data from Iran's Kangan gas field.