Oil & Gas Journal Articles, Jul 2003

Regular Features
- OGJ Newsletter
  - IEA projects 2004 oil supply, demand
    The latest Oil Market Report from the International Energy Agency includes projections for 2004 global oil demand and supply from countries outside the Organization of Petroleum Exporting Countries.
- Letters
  - Gas Supply Problems
    Approximately 36,000 Mw of new natural gas generation is scheduled to come on line in North America during March through September 2003.
- Journally Speaking
  - More than gray matter
    It is said that humans use only a small portion of the capacity of our brains.
- Editorial
  - US gas and vehicle fuel
    US lawmakers started too late to do anything useful about the threat of rising prices for natural gas next winter.
- Area Drilling
  - Kazakhstan
    Transmeridian Exploration Inc., Houston, secured a $30 million credit line from Turan Alem Bank to develop its South Alibek field in the eastern PreCaspian basin.
- Equip/Software/Lit
  - Fire resistant pipe plug for offshore vessels
    Crusher Plug, a fire resistant plug for ducting plastic pipes through decks and bulkheads on offshore vessels, is now available for all types of plastic pipe, including PVC, PP, PE, and ABS, with a maximum outer diameter of 225 mm.
- Services/Suppliers
  - Gas Technology Products LLC (GTP)
    Gas Technology Products LLC (GTP) Schaumburg, Ill., has announced that David Graubard joined the firm as a business development engineer to support GTP's hydrogen sulfide treatment technologies to the Canadian gas processing industry.
- Editor's Perspective
  - Good times ahead for US refiners investing to survive
    Good times lie ahead for US refiners. But there's a catch: Only survivors will enjoy them.
- Market Hotline
  - A contrarian view: high oil price + high oil demand
    Think you can have higher oil prices and still have high demand?
Special Report
- Debate grows over US gas supply crisis as harbinger of global gas production peak
  Concerns over global natural gas supply are mounting.
General Interest
- Point of View - TAEP's Mills trying to bring stability to Texas indies
  Volatility has plagued the independent oil and gas producers in Texas for more than a decade.
- Watching Government - Oil auditing
  The Department of the Interior's Minerals Management Service says it is improving its auditing procedures after its Inspector General (IG) found serious flaws with the current system.
- White House, Congress jump-start energy policy debate
  Looking to address possible price spikes in US natural gas markets,
- NPRA to Senate: Support gas conservation, more E&D opportunities
  Flawed government policies prohibiting natural gas development in many areas are to blame for US gas shortages at a time when rising gas demand is expected to continue its increase, charged the National Petrochemical and Refiners Association July 10 in written testimony before the US Senate Energy & Natural Resources Committee hearing.
- Pemex official: Mexican MSC round just first step
  Mexico's controversial Multiple Service Contracts, designed to attract foreign investment to exploration and development of natural gas in that country, may someday be utilized also for oil projects, according to an official of state oil company Petroleos Mexicanos.
- Coming year to be 'crucial' for the EU's gas market
  "The coming year will be a crucial year," for the European Union's natural gas market, according to Jean Syrota, president of that country's Commission de Régulation de l'Energie (CRE). Syrota made the statement earlier this month during a press conference while presenting CRE's July 2002-July 2003 progress report.
- Algeria becoming North Africa's reserves hot spot
  Algeria becoming North Africa's reserves hot spot An estimated $50-73 billion in investment is expected to be spent in the next 10 years developing Algeria's oil and gas reserves potential of 43 billion bbl of oil and 282 tscf of natural gas, according to a study released in June by analysts at Surry, UK-based Bayphase Ltd.
- Company News - Statoil buys into BP's stake in Algerian natural gas
  Multinational oil and gas companies have negotiated major international deals recently, including a transaction that marks Statoil ASA's entry into Algeria.
- Enron files Chapter 11 reorganization plan
  Enron Corp. filed a 900-page reorganization plan that outlines how it proposes to pay a fraction of the $67 billion that the company estimates in creditors' claims.
- Personnel Moves and Promotions -BG Group names new nonexecutive chairman
  BG Group named Robert Wilson nonexecutive chairman, effective Jan. 1, 2004, to succeed Richard Giordano, who is retiring from the BG board on Dec. 31.
- US Senate committee restores oil, gas research funding
  The Senate Appropriations Committee (SAC) July 10 unanimously voted to expand federally sponsored oil and natural gas research beyond what the White House says it wants for the upcoming fiscal year (FY) that begins Oct. 1.
Exploration & Development
- Libya: Energy investments persist in a puzzling land
  Libya¹ is an underexplored, underinvested, underestimated, risk-filled, yet opportunity-laden country.
- Triana Energy to buy former CNR Appalachian properties
  Triana Energy Holdings Inc., Charleston, W.Va., reached agreement to buy Columbia Energy Resources and its Appalachian basin gas properties from NiSource Inc., Merrillville, Ind., for $330 million in cash.
- Lundin Petroleum has broad plans to develop Tunisia fields
  Lundin Petroleum, Stockholm, plans to develop several fields in and off Tunisia in coming years.
Drilling & Production
- US land drilling activity growns, offshore lags
  The US rig rate increased by an "impressive" 5.9 rigs/week through most of the first 6 months of this year, said Angeline M. Sedita, vice-president of oil service equity research at Lehman Bros. Inc., New York, in a report late last month.
- Improvements in surge protection eliminated rig downtime off W. Africa
  Improvements in electric surge protection eliminated downtime and equipment failures from lightning storms on the Jade platform in Zafiro oil field off Equatorial Guinea. Jade is the largest fixed production-drilling platform off West Africa (Fig. 1).
Processing
- Enhanced NGL recovery process selected for Neptune gas plant expansion
  Enterprise Products Operating LP and partner Marathon Oil Co. conducted a study for the design and construction of a second 300 MMcfd NGL-recovery train at the Neptune plant in St. Mary Parish, La.
Transportation
- Chinese gas pipeline overcoming geographic obstacles en route to 2004 start-up
  Under construction since October 2001, PetroChina Co. Ltd.'s West-to-East natural gas pipeline is moving toward a 2004 completion of the approximately 3,800 km, 1,016-mm (40-in.) mainline.
Print Ad Index
- Advertising Index
  Advertising Index B Baker Petrolite
  www.bakerpetrolite.com

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Issue 28

Table of Contents

Oil & Gas Journal

Regular Features

OGJ Newsletter

Letters

Journally Speaking

Editorial

Area Drilling

Equip/Software/Lit

Services/Suppliers

Editor's Perspective

Market Hotline

Special Report