The expiring August contract for benchmark US light, sweet crudes hit a near-month high of $42.30/bbl in early trading July 20 on the New York Mercantile Exchange before closing at $40.86/bbl, down by 78¢ for the day.
Overland Park, Kan., has announced the appointment of Bob Germinder as president of the Gas, Oil & Chemicals (GOC) Div., upon the retirement of Wayne F. Hall.
Deep water to play key role in new reserves, production
The deep water has proven itself to be one of the most attractive upstream oil and natural gas investment arenas, with world-class projects and high, full-cycle returns.
With the help of analysts and experts, oil companies have been assessing changes in Brazil's tax laws and new rules by the national petroleum authority, Agencia Nacional de Petroleo (ANP), for the upcoming Round 6 tender.
OAO Yukos will have to relinquish about $3.3 billion for payment of 2000 taxes because of a significant understatement of its tax liability, said Connecticut-based law firm Scott & Scott LLC, which recently filed a class action lawsuit against the Russian oil giant.
This article is a discussion of the state of the oil and gas industry in the Chechen Republic, the need for introduction of modern technology to revitalize it, and the potential for adding significant reserves by drilling to deeper formations.
New technologies that allow operators to step out into deeper water and to drill deeper from shallow water were the focus of the Drilling Engineering Association Workshop recently held in Galveston.
Although the offshore industry lacks standardized guidelines, this article identifies some criteria that an engineer should consider in the design of offshore heating, ventilating, and air-conditioning (HVAC) systems.
Performance testing of an advanced glycol dehydrator design showed that the unit, compared with a conventional dehydration technology, saved the equivalent of more than 35 million standard cu ft/year of natural gas valued at more than $173,000.
The US Department of Transportation Inspector General recently told two congressional committees that the Office of Pipeline Safety is making considerable progress meeting legislative mandates set in 1992, 1996, and 2002.
The US Department of Transportation's Office of Pipeline Safety last month said it wants public comment on a congressionally mandated rule that requires natural gas, oil, and product pipeline operators to perform public education programs.
