The Organization of Petroleum Exporting Countries' decision to cut production quotas was a step in the right direction, but it will not be enough to prevent additional oil price declines, analysts said.
You commented that the number of editors in 1961 was 45 and that now you have only 18 (OGJ, Sept. 8, 2003, p. 17). This 60% reduction in the number of people doing roughly the same amount of work is symptomatic of our industry.
As a general rule the men and women who work in the hydrocarbon industry are highly supportive of environmental and conservation efforts—first by choice and secondly by necessity.
Advanced Marine Innovation Technology Subsea Ltd. (AMITS), Gosport, UK, OceanTools Ltd., Aberdeen, and OceanWorks International Inc., Houston, have teamed up to provide an improved range of Zanchor remotely operated vehicle (ROV) mounted suction anchor pumps.
The average of 19 attempts to quantify the net energy value (NEV) of making ethanol from corn over its full life cycle indicates a net energy loss of 8%.
At an energy summit in St. Petersburg late last month, Russian and US oil companies assured each other that the two countries still have a bright economic future together.
Congressional Republicans from energy-producing states and industry officials lauded a new National Petroleum Council natural gas report that calls for both expanding supply and increasing conservation measures to meet growing US gas demand needs by 2025.
The Department of the Interior's US Fish and Wildlife Service (FWS) needs to better manage oil and natural gas activities within its national wildlife refuge system, the General Accounting Office said recently.
Two Dallas area independents joined to explore and develop coalbed methane and conventional formations in the southern San Juan basin in west-central New Mexico.
More cash flow from higher oil prices this year will fund an increase in international drilling, particularly in Mexico, India, Iraq, and Russia, analysts said.
A study has established decommissioning costs of Gulf of Mexico oil and gas production structures according to the stage of activity and was the first empirical analysis to construct the cost based on actual data.
Last year, Russia became the world's No.1 producer of crude oil (7.7 million b/d) and the world's second largest oil exporter (3.8 million b/d), having left behind all major oil suppliers, except Saudi Arabia.
