The US Energy Information Administration recently reported "a 'true' physical injection" of 41 bcf of natural gas into underground storage in the week ended Nov. 5, raising US storage to a record 3.3 tcf.
Ocean observatories
Before Hurricane Ivan wreaked havoc on Gulf of Mexico oil and gas pipelines and platforms, Louisiana State University's Coastal Studies Institute forecast the storm surge scenarios via its ocean-monitoring system.
Here's the PathMAKER formation mill, a new window mill designed to mill a full gauge window and extended rathole, even in hard and abrasive formations.
Energy prices fell Monday as speculators pulled out of the futures market, apparently sensing no further upside potential without a major change in market fundamentals.
Paris, the oil & gas industry French Suppliers Council, has elected Dominique Michel as chairman. Michel, president of Doris Engineering, is well known for his expertise in offshore engineering, and his contributions to technological breakthroughs in the field.
A win for tort reform
For supporters of US legal reform, which should include the oil and gas industry, the general elections of Nov. 2 provided welcome news.
Russia is approaching an historic moment of opportunity as a world energy superpower, according to speakers at a day-long workshop Oct. 25 at Rice University's James A. Baker III Institute for Public Policy.
Many oil and gas companies are revising their risk management procedures to establish company-wide approaches, termed enterprise risk management (ERM).
The posted price for West Texas Intermediate crude averaged $42.38/bbl in September, marking the second consecutive month above $40/bbl, said Karr Ingham, president of Economic Reporting, Amarillo, Tex., in a late-October report on third-quarter operations for the Texas Alliance of Energy Producers.
Eight major oil and gas companies in a comparative analysis by Prudential Equity Group LLC together replaced 134% of their production during 1999-2003 at an average cost of $5.18/boe.
With North America at a turning point in energy, the US, Canada, and Mexico should work together towards a mutual and secure energy future, says the recently elected chairman of the Texas Railroad Commission (TRC).
The US natural gas market is still recovering from Gulf of Mexico production losses caused by Hurricane Ivan in September, but above-normal temperatures in September and October and inventories at a 13-year peak are offsetting the effect, government and private forecasters say.
Enterprise, partners to build GOM deepwater hub
Independence Hub LLC, an affiliate of Enterprise Products Partners LP (EPP) and the five-member Atwater Valley Producers Group, is planning a $665 million platform hub and pipeline system to facilitate development of six ultradeepwater natural gas discoveries in the Atwater Valley, DeSoto Canyon, and Lloyd Ridge areas of the previously untapped eastern Gulf of Mexico.
The number of downstream oil and gas processing projects has steadily increased over the last 4 years, according to Oil & Gas Journal's Worldwide Construction Survey.
Global users have consumed 45% of the oil and 30% of the gas discovered by the end of 2003, said IHS Energy, Epsom, UK, in releasing highlights of its 2004 report on world petroleum trends.
Southwestern Energy Co., Houston, now pursuing a shale gas play in and adjacent to the Arkoma basin gas producing fairway, has estimated dry gas in place at 58-65 bcf/sq mile in the formation in a new field in northwestern Conway County, Ark.
An analysis of Gulf of Mexico decommissioning operations showed that severing platforms with explosives is a time-invariant and structure-dependent operation that provides contractors the advantage of essentially knowing costs prior to executing the job.
El Paso Field Services Co.'s demethanizer at its Eunice, La., gas plant has operated consistently at pressures greater than 500 psig; this operation provides the industry a unique opportunity to collect real plant data for high-pressure demethanizers.
Two coating systems pass tests for arctic use
Two girth-weld coating systems have been tested successfully by TransCanada PipeLines Ltd. for use in arctic construction and operating conditions.