In a surprise move last week, members of the Organization of Petroleum Exporting Countries voted to trim their production quotas by 900,000 b/d to 24.5 million b/d, starting Nov. 1.
In today's ever-increasing cost-conscious business environment, Canadian oil and natural gas producers, along with the Alberta Ministry of Energy, Alberta Energy and Utilities Board (EUB), and the Canadian Department of Energy (DOE), have constructed an online data portal system that is expected to save its users a collective $12 million (Can.)/year.
The new Type-300 filter regulator is constructed of materials that meet National Association of Corrosion Engineers specification MR-01-75 for sulfide stress cracking.
To decode recent maneuvering in the upper strata of petroleum politics, start here: The two American companies rumored to be preparing rival bids for a chunk of soon-to-merge Russian giants OAO Yukos and OAO Sibneft are paired-up former partners of the old Arabian-American Oil Co. (Aramco).
This article will show that, despite the concerns of rising oil production from Russia and the Caspian Sea region and the possible further development of Iraqi reserves, the mean price of oil going forward is likely to be higher than the historic $18-22/bbl range of consensus.
The US congressional energy bill isn't the only game in town. It is true Washington, DC, lobbyists are devoting many, if not most, of their billable hours this fall to the comprehensive energy bill.
In the wake of scandals surrounding certain energy-related and other corporations that have damaged the public's trust and tarnished the image of US corporations in general, it is important that industry leaders "step up and do their part" to restore the public's confidence in trustworthy corporations, says Archie W. Dunham, chairman of ConocoPhillips.
The board of Norway's Statoil ASA and Statoil Pres. and CEO Olav Fjell Sept. 23 jointly reported that Fjell will resign in the wake of the corruption allegations involving Statoil's dealings with Horton Investment, an Iranian firm.
André Caillé, president and CEO of Hydro Québec of Montréal, was elected chairman of the London-based World Energy Council (WEC), a leading global energy organization, on Sept. 14 in Kiev, Ukraine.
The publicly quoted upstream oil and gas sector suffers from disappointing long-term returns and growth from capital invested in drilling. Results continuously fall short of "risked" return targets of 10-15% employed by much of the industry.
Multiphase pumping has evolved into a well-accepted "best practice" in many producing areas and is now being asked to solve a wide range of operational problems.
Wet-gas and multiphase metering technologies, developed during the past 15 years, provide compact and accurate measurement systems that can replace conventional gravity-based test separators.
In summer 2002, three pipelines were installed by the pull method to Forest Oil Corp.'s Redoubt Shoal field Osprey platform, Cook Inlet, Alas., in a project that used new technology in several areas.
