Table of Contents

Companies contemplating a merger or acquisition are not alone as the oil and natural gas and oil field service industries continue to consolidate.

National oil companies (NOCs) worldwide are grappling with the forces of inevitable change.

Changing relationships and the threat of oversupply are rocking the oil market's foundations.

US Department of Energy Sec. Spencer Abraham Sept. 3 told the House Energy and Commerce Committee his department is investigating last month's gasoline price spike.

US government and private energy forecasts predict residential natural gas customers will pay more to heat their homes this winter.

A new crop of start-up companies is bringing fresh ideas to the Canadian oil and gas sector, says the chairman of the Small Explorers & Producers Association of Canada (SEPAC).

Nigeria could benefit from directly distributing its oil revenues to its citizens, which should have a right to an equal share of oil proceeds, according to a working paper prepared by the International Monetary Fund.

After delaying a decision three times, the Inter-American Development Bank (IDB) has approved $135 million in financing for the completion of the pipeline portion of the $1.6 billion Camisea natural gas megaproject in Peru's Amazon rainforest.

Executives of Brazil's state-owned oil firm Petroleo Brasileiro SA (Petrobras) reported at a recent press conference that the estimated reserves of 70 billion cu m of nonassociated natural gas reported last April for Blocks BS-400 and BS-500 in the Santos basin off São Paulo state were revised to 419 billion cu m after additional production tests.

Brazilian gas demand in 2007 to be less than forecast Brazilian state-owned oil company Petroleo Brasileiro SA (Petrobras) has forecast that Brazil's demand for natural gas will be 35% lower by 2007.

Peru has authorized Algerian state oil firm Sonatrach to operate in Peru, following its projected purchase of an additional 20% share in the Camisea natural gas and condensate project from Argentina's Pluspetrol SA.

A rosy future is predicted for UK exploration and production professionals, but challenges lie ahead for employers when skills shortages emerge, said SMCL, a UK-based specialty consulting firm.

Citgo Petroleum Corp., Tulsa, has elected Citgo Executive Vice-Pres. Antonio Rivero to the board along with Nelson Martínez and Dester Rodríguez, both on the Petróleos de Venezuela SA board.

MEPG: Iraq logs progress restoring oil output, exports While security remains a serious challenge, Iraq is making progress in restoring production and export of crude oil and petroleum products, current and former officials of the Iraqi Oil Ministry said Sept. 9 in Dubai.

The OGJ200 list of publicly traded US oil and gas producers has shrunk to 154.

Oil & Gas Journal's look at the top 100 oil and gas producing companies based outside the US reveals that production, revenues, and earnings generally were on the decline last year worldwide, while reserves increased.

At least five and as many as seven fundamentals should be in the forefront when negotiating an initial joint development agreement.

The methodology uses actual survey data and known surface hook loads for different operating conditions, such as tripping in, tripping out, and rotating off bottom, to arrive at appropriate friction factor values that can be further used in torque and drag calculations.

Weather complicates Na Kika installation Hurricane Claudette and strong loop currents affected installation of the Na Kika semisubmersible production unit in the Gulf of Mexico.

An oxidizer-based tool successfully restored gas production from a Unocal Corp. well in Gulf of Mexico Brazos Block A105, according to the service provider Expro International Group PLC (Expro).

Historical oil and gas pricing data show that gas processing margins are in a long-term decline, a phenomenon not welcomed by processors.

bA method has been developed for calculating the nominal wall thickness of matching pipe for certain sizes of branch connections and stress intensification factor (SIF) and for designing branch connections to withstand pressure and certain bending moments.

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