War with Iraq, threat of terrorist attacks, and anti-American sentiments coupled with a weak US dollar have prompted US oil and gas management teams to reconsider the costs and risks of world travel for employees.
US Senators would rather tax individuals than oil companies. That's one way to read recent Senate votes on tax cuts and leasing of federal land. It's somewhat distorted, maybe, but no more so than persistently successful arguments against leasing the Arctic National Wildlife Refuge coastal plain in Alaska.
Robroy Industries
Verona, Pa., has promoted David A. Marshall to the position of president and chief operating officer. Marshall succeeds Peter McIlroy II, chairman and CEO, who has served as president for the past 22 years.
The US-led attack on Iraq will have far-reaching repercussions for the global oil and gas industry for years to come, well beyond the near-term ramifications of the conflict.
As war rages in the Middle East, military analysts said that Iraq's navy poses a minimal threat to shipping in the Persian Gulf, but attacks by the Al Qaeda terrorist network, led by Osama bin Laden, are a more likely problem.
Republican congressional leaders redoubled efforts last week to reach consensus on a comprehensive energy bill this year that tracks the White House's energy policy goals.
Few analysts dispute Iraq's powerful allure as a long-term investment opportunity. But the actual payout may take several years, if not a decade or longer after US-led military action ends.
The Illinois basin is an elliptical, intracratonic basin that covers 34 million acres in Illinois, southwestern Indiana, and western Kentucky (Fig. 1).
Two-thirds of the tracts bid at Central Gulf of Mexico Sale 185 on Mar. 19 were for shelf blocks, many of them believed prospective for gas below 15,000 ft.
A fiber-optic distributed temperature system (DTS) across a horizontal wellbore off Trinidad provided valuable information and benefits such as identifying areas of oil and gas production along the reservoir interval, verifying production philosophies, correlating logs taken over the reservoir interval, and logging continuous, real-time temperatures across the entire well length.
Global ethylene capacity growth experienced a significant slowdown in 2002. Last year saw only 2.4 million tonnes/year (tpy) of net additions, compared with an increase of 6.2 million tpy in 2001, according to the latest ethylene survey.
The recent history and current stance of Enbridge Energy Partners LP, Houston, provide perhaps the clearest example of growing Canadian involvement in the US midstream oil and gas industry.
A recently completed review of an LNG project in Angola by Wood Mackenzie Ltd., Edinburgh, has found the project holds great promise but remains threatened by, among other concerns, doubts about its gas sources and its ability to meet the projected start-up date.