Table of Contents

The US and the Russian Federation (Russia) are not only the two largest producers of natural gas in the world, but its two largest consumers as well.

This report is a summary of the US outlook for demand, supply, and prices for key US winter heating fuels: natural gas, heating oil, and propane.

Mexico will be increasingly reliant on imports to meet its natural gas supply needs, despite its best efforts to boost domestic gas production, says a top executive with that country's state oil company.

The relative success of Mexico's efforts to open to outside investment its Burgos basin later this year will serve as a "litmus test" for that country's energy strategy, according to a recent study released by energy research firm Cambridge Energy Research Associates, Cambridge, Mass.

Natural gas trade groups urged the US Federal Energy Regulatory Commission Oct. 25 to be mindful that energy markets and the financial community need "appropriate" price signals to ensure that gas infrastructure will be built to meet future demand.

Both the Alaska natural gas pipeline and the Mackenzie Valley pipeline will be built, with the Mackenzie line likely to go first, says a senior Canadian pipeline executive.

The pace of North American drilling will have to increase just to maintain current natural gas deliverability, panelists from several regions told a Ziff Energy Group conference in Calgary late last month.

As Congress prepares for more debate over a new Department of Homeland Security, two foreign policy think tanks warn that the public and private sectors still talk past each other in the war on terrorism.

The American Petroleum Institute reported late last month that its weekly statistical bulletin will be released at 9 a.m. EST each Wednesday, beginning Jan. 8, 2003.

Oil and gas companies operating in the world's deep water, as well as Russian oil majors, ascended to the higher tiers of the third quarter ranking of the world's largest energy companies.

Norway's Statoil ASA has gained access into the US LNG market through the purchase of El Paso Merchant Energy LP's capacity rights for LNG from the Snøhvit project for $210 million.

John Dielwart has been named chairman of the Canadian Association of Petroleum Producers. Dielwart succeeded Jim Simpson, who resigned from the position effective Nov. 1.

Fig. 6 in Parker's recent article¹ in Oil and Gas Journal places the peak of world oil production in the year 2035.

A global study of the use of geological analogs has revealed key information about how geoscientists, engineers, and managers use and misuse analogs.

Japan Vietnam Petroleum Co. Ltd., operator and 46.5% interest holder in Rang Dong field on Block 15-2 off Viet Nam, has achieved first oil from two new wellhead platforms.

The resource potential of the Scotian slope on a risked basis doubles the gas potential and triples the oil potential for Nova Scotia's portion of the overall Scotian basin, according to the first independent resource assessment for the slope.

Talisman Energy Inc., Calgary, acquired several US companies to solidify its position in the Ordovician Trenton-Black River gas play fairway in the northern Appalachian basin, where it has had an exploration joint venture since early 2001.

Michael B. Walen over the last several years has helped to transform Cabot Oil & Gas Corp., Houston from a low-risk development driller to a growth-oriented exploration company with an emphasis on the Gulf Coast and Rocky Mountains, primarily in sweet-gas plays.

In September, Petro-Canada started injecting steam in its $290-million (Can.) MacKay River steam-assisted gravity drainage (SAGD) project that will recover bitumen from oil sands lying at about a 100-m depth.

Worldwide drilling activity will increase in 2003 with more than 20% higher rig forecasts in North America, solid gains in international markets, and slightly higher offshore rig utilizations.

General Electric Oil & Gas, a business unit of GE Power Systems, recently supplied a compressor train for the Malaysia LNG Tiga Sdn. Bhd. (No. 3) project at its Bintulu, Malaysia, plant.

The US petroleum pipeline industry has undertaken a voluntary reporting initiative to track performance, recording detailed information about spills and releases, their causes and consequences.

With the first major rewrite of US safety legislation in more than 2 decades, Congressional conferees have agreed on major changes to existing pipeline safety laws. As a result, federal and state oversight of interstate and intrastate pipeline safety operations will materially increase with passage of the Pipeline Safety Improvement Act of 2002.

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