Traders' perceptions of increased quota-breaking by the Organization of Petroleum Exporting Countries, coupled with reduced prospects for war in the Middle East, have driven down oil futures prices in recent weeks.
Terror attacks, war threats, and midterm elections obscure the return of a problem that the oil and gas industry should urge the next session of Congress to address: excessive spending by the US government.
This Instruwatch remote monitoring system checks inputs from equipment remotely and provides automatic notification of alarm events by fax, pager, or email. Just hook it up and log on, the company notes.
Carlisle, Pa., has formed a partnership with Tau Engineering Solutions Inc., Edmonton, to enhance services and support available to Advantica Stoner clients in the natural gas and liquids pipeline industry in Canada.
Plentiful inventories of natural gas diminished drilling activity and thus production during the third quarter, lowering revenues for most US oil and gas companies. Continued economic weakness and import strength constrained the earnings of refiners and gas producers, yet strong oil and gas prices buoyed upstream earnings overall.
Strong oil and gas prices and increased production volumes lifted the earnings of most Canadian producers during the third quarter, while weak refining margins continued to be a drag on downstream performance.
Boosting industry hopes that the White House's energy agenda will move forward, Republicans in elections Nov. 5 won narrow control of the US Senate and expanded their hold in the House of Representatives for the new congressional terms that begin January 2003.
The fate of sweeping US energy legislation remains uncertain, but BP PLC said that Congress soon needs to consider legislation encouraging construction of a natural gas pipeline from Alaska's North Slope to the Lower 48.
A decision by the government of Bangladesh to sell or not sell some of its natural gas reserves to neighboring countries in South Asia will be important in determining the economic future of Bangladesh, a country with an area about equal to Wisconsin.
The isolation methodology discussed in this article ensures that an oil production facility can continue to operate or remain pressurized while discrete sections of the facility are taken out of service for maintenance or inspection.
Refiners will process increasingly heavier crude slates during the next 10 years. A majority will originate from the Orinoco oil belt bitumen upgraders in Venezuela and the Athabasca tar sands region of northern Alberta.
Since 1993, Enbridge Pipelines Inc., Edmonton, has been conducting crack inspections with in-line tools on its liquids pipeline system. As part of its ongoing integrity- management program, the company has inspected or will inspect its more than 15,000 km of pipeline.