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Table of Contents

Oil & Gas Journal

08/26/2002
Volume 100, Issue 34
ogj10034_cover

  • Regular Features

    • OGJ Newsletter

      • OGJ Newsletter
        The possibility of military conflict between the US and Iraq has boosted oil prices nearly 10% in recent weeks and could trigger increased US demand for natural gas, said Christopher Theal, an analyst at CIBC World Markets, the investment and merchant banking arm of the Canadian Imperial Bank of Commerce.

    • Letters

      • New ideas on global warming, ocean solutions
        I thought you might be interested in learning about a variation on the forestry theme that the Planktos Foundation is introducing. Since the world is more than 70% ocean-and within those oceans an invisible forest grows-we think that it is an environment we should be looking at to use forestry concepts to help with CO2 sequestration. Growing an ocean forest, phyto-plankton, is like growing a forest on land, but the time frames are much shorter.

    • Journally Speaking

      • Improving company disclosures
        The most interesting finding in a new PricewaterhouseCoopers (PWC) study of financial reporting by oil and gas companies isn't how much invest- ors wish they knew about companies but don't-although the void is large and interesting enough.

    • Editorial

      • OGJ Editorial: OPEC's challenge
        It should be easy to predict what the Organization of Petroleum Exporting Countries will do when ministers meet Sept. 19 in Osaka, Japan. Under normal circumstances, the group would raise its quota by an amount approximating its members' total production above the current ceiling.

    • Area Drilling

      • Area Drilling
        GeoSphere Exploration Ltd., Wellington, and Thomasson International Ventures Inc., Denver, were awarded 3,124 sq km PEP 38223 on the southernmost South Island.

    • Equip/Software/Lit

      • Equipment/Software/Literature
        Three new SensAir personal gas detectors for carbon monoxide, hydrogen sulfide, and oxygen deficiency come with standard vibrating, light, and sound alarms for low and high alarm levels.

    • Services/Suppliers

      • Services/Suppliers
        Pittsburgh, Pa., has appointed Peter Tedesko as managing director of international sales and marketing for its Cutler-Hammer business. Tedesko had most recently served as director of strategic marketing and alliances.

    • Editor's Perspective

    • Market Hotline

  • Special Report

  • General Interest

    • Western gulf sale generates less money for more tracts
      Interests were almost evenly divided between shallow and deep waters at the federal oil and natural gas Lease Sale 184 held last week in New Orleans, which drew apparent high bids of $151.3 million out of a total $181.6 million bid by 44 participating companies on 323 of the 4,102 tracts offered in the western Gulf of Mexico.
    • Analysts claim early peak in world oil production
      The world is drawing down its oil reserves at an unprecedented rate, with supplies likely to be constrained by global production capacity by 2010, "even assuming no growth in demand," said analysts at Douglas-Westwood Ltd., an energy industry consulting firm based in Canterbury, England.
    • Watching Government: Good and evil
      When does a country stop being an axis of evil? In the oil business, that's a delicate question that demands frequent visitation.
    • COMPANY NEWS:
      Williams continues to divest assets, align balance sheet
      Williams Cos. Inc. is continuing to divest itself of certain assets in an effort to shore up its balance sheet. Earlier this month, the Tulsa-based energy company announced a plan to resolve some of its liquidity problems (OGJ Online, Aug. 13, 2002).
    • PERSONNEL MOVES AND PROMOTIONS:
      Panaco, Tag Oil, CNOOC name new leaders
      Houston-based independent oil and gas exploration company Panaco Inc., Tag Oil Ltd. of Vancouver, BC, and Chinese company CNOOC Ltd. have all recently named new leaders.
    • North Sea evolution to track Gulf of Mexico model
      The North Sea (for purposes of this article the UK, Norway, and Denmark) produced about 6.5 million b/d of oil in 2001, representing about 14% of non-OPEC (Organization of Petroleum Exporting Countries) production. Even with high depletion rates and declining field size, the North Sea will continue to be a sizable producer of crude oil for the foreseeable future.

  • Exploration & Development

  • Drilling & Production

  • Processing

    • New FPSO design produces LNG from offshore sources
      Merlin Production Inc., in cooperation with Costain Oil, Gas & Process Ltd. and Moss Maritime AS, has demonstrated that an economically viable floating LNG plant can be designed, built, and successfully operated.

  • Transportation

    • Variety of codes governs design, construction of LNG carriers
      A host of national and international codes and standards usually comprises a list in a shipbuilder's contract specification for a new LNG carrier. Prospective owners must review this list carefully, if the vessel is to be built in full compliance with all applicable requirements.
    • US classification society to vet CNG concept
      As LNG continues its resurgence as a means of moving natural gas between supply and market areas (OGJ, Aug. 12, 2002, p.56), another oceangoing technology has moved closer to commercial use.

  • Print Ad Index

    • Advertising Sales / Advertisers Index
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