Energy futures prices plummeted July 22 on the New York Mercantile Exchange, with natural gas hitting a 7-month low of $4.87/Mcf as a tropical storm dissipated in the Caribbean.
This applauds the article by Richard Duncan (OGJ, May 26, 2003, p. 18) which affirms in lucid terms the undeniable fact that the world's supplies of the oil that makes possible and sustains the styles and qualities of life to which the developed countries are accustomed, and to which others aspire, are by now on the threshold of their inevitable decline.
J. Marshall Adkins, an analyst in the Houston office of Raymond James & Associates Inc., St. Petersburg, Fla., noted in a recent weekly report that the US National Oceanic Atmospheric Administration has "changed the methodology of calculating population-weighted temperatures for natural gas consumption"
Given the challenge of rebuilding Iraq and helping the fractured country establish self-governance, who needs controversy over a presidential remark about uranium from Niger?
Soliciting proposals for work to restore the Iraqi oil and natural gas industry, the US Army Corps of Engineers (USACE) estimates that funding requirements might reach $1.68 billion.
The Iraqi Governing Council already is working on legal reforms intended to attract foreign investors, promising new opportunities for international oil and natural gas companies, said attorneys with Vinson & Elkins LLC.
The next 3 months are critical to turning around the security situation in Iraq, according to a new report by Washington, DC-based Center for Strategic and International Studies.
Perhaps for the first time in its 42-year history, the Organization of Petroleum Exporting Countries has gained the respect of the world oil community as a technically competent organization.
An 80 km-long unexplored subsurface detachment fold, the Eureka structure, exists in the southern Appalachian thrust belt just east of the Cumberland escarpment in eastern Tennessee.
Light, durable mats have extended the drilling season in the Western Canadian sedimentary basin (WCSC), as shown by Apache Canada Ltd.'s program in Zama field in Alberta.
Worldwide orders for new floating production units have tapered off, according to the latest quarterly outlook for these systems by International Maritime Associates Inc. (IMA), Washington DC.
A recent study for a grassroots 30,000-b/sd hydrotreater that can produce ultra-low sulfur diesel (ULSD) helped assess the critical process design issues for meeting future ULSD requirements.