The interesting article by Richard C. Duncan (OGJ, May 26, 2003, p. 18) analyzes three oil production forecasts predicting peaks between 2003 and 2016.
Natural gas futures prices remained below $6/Mcf on the New York Mercantile Exchange last week out of concern for another big injection into US underground storage. On June 19 the US Energy Information Administration reported an injection of 114 bcf of gas for the week ended June 13. Traders anticipated a figure of 110-120 bcf.
Construction has begun on an oil pipeline important both for what it is and what it is not. The project is called BTC for the three cities it connects: Baku, Azerbaijan; Tbilisi, Georgia; and Ceyhan, Turkey.
Lawyers target CO2 as air pollutant; why not water?
A lawsuit by state lawyers from three East Coast states focuses overdue attention on an insidious effort to categorize carbon dioxide as an air pollutant.
The June 11 Doha meeting of the Organization of Petroleum Exporting Countries yielded the strongest middle-to-longer-term evidence supporting a bullish oil price outlook yet this year.
American Oil & Gas Inc., Casper, Wyo., said economic incentives and drilling and production techniques could make it possible to exploit nonproducing West Rozel heavy oil field 50 miles northwest of Salt Lake City.
The US Department of Homeland Security (DHS), other US government departments and agencies, and energy industry associations are working closely together to provide a greater degree of security to energy industry infrastructure and personnel in the wake of risks presented by continuing global terrorist threats.
Next month, the US Coast Guard will publish regulations based on the 2002 Marine Transportation Security Act (MTSA), which directs compliance with international treaty obligations formulated by the International Maritime Organization.
Ministers of the Organization of the Petroleum Exporting Countries decided June 11 to maintain current oil production quota levels at 25.4 million b/d, but said they will hold another extraordinary meeting on July 31 to reassess the situation.
Even as oil tankers are preparing to lift the first exports of Iraqi crude since the outbreak of the US-led war in March, organized sabotage continues to undermine efforts to restore the country's oil and gas production to prewar levels.
Industry generally endorses a pending US Environmental Protection Agency proposal that will reduce most nonroad diesel sulfur levels to 15 ppm by mid-2010, the American Petroleum Institute said June 12.
North Coast Energy Inc. (NCE), Twinsburg, Ohio, which ranked third on OGJ's list of the fastest-growing independent oil and gas producers in 2002, started this year by setting up interlocking boards of supervisors and workers that give all of its 155 employees a say in determining corporate policy.
Amerada Hess Corp. said it will sell 26 oil and natural gas fields to Ana- darko Petroleum Corp., reported it will exchange some assets with Calgary-based EnCana Corp., and plans to cut exploration and production jobs by 30%.
As US energy needs grow, basins in the US West have been identified as a significant future supply source to help meet these needs, especially for natural gas.
With US drilling activity still on the rise, independent producers have enough good prospects to expand natural gas production over the next 3 years, if wellhead prices remain above $4/Mcf, said James Stone, an oil field services analyst at UBS Warburg LLC, New York.
A recent industry meeting that attempted to clarify US Securities and Exchange Commission (SEC) reserves definitions focused on reservoir formation data and wireline flow testers as a substitute for full production tests, application of seismic to determine downdip hydrocarbon limits, pressure testing to determine gas-water contacts, and oil prices to use in nontraditional fiscal and operating schemes.
A new method of evaluating process hazards combines experimental thermal analysis, computational chemistry methods, and thermodynamic-energy relationships. This results in a better understanding of reaction stoichiometry for a given process, which allows better estimates of system thermodynamics and kinetics that are necessary to evaluate hazards of runaway reactions due to chemical reactivities.
