Thank you for your recent reporting about MMS's Offshore Policy Committee Meeting (OGJ Online, Nov. 22, 2004). We are, however, concerned about the impression your article titled "MMS asks committee to consider potential of excluded OCS areas" may leave with readers.
Dec. 1 marked a significant day on the New York Mercantile Exchange as the January contract for benchmark US light sweet crudes plummeted by $3.64 to $45.49/bbl—the largest single-day decline in more than 3 years—after the Energy Information Administration reported a jump in US heating oil stocks and a nominal increase in crude inventories.
Unocal Corp. will develop Bibiyana field on Block 12 in the Habiganj district of northeastern Bangladesh for production start-up in the fourth quarter of 2006.
US should changea leasing policy based on ignorance
With limits on supply asserting themselves in oil and gas markets, curiosity runs high about how much fluid hydrocarbon remains to be found and produced.
Energy futures prices generally declined Monday amid widespread market expectations that the Energy Information Administration finally would report an increase in US heating oil stocks during the week ended Nov. 19, after 9 previous weeks of consecutive declines.
Energy futures prices generally declined Monday amid widespread market expectations that the Energy Information Administration finally would report an increase in US heating oil stocks during the week ended Nov. 19, after 9 previous weeks of consecutive declines.
Fear has a way of brushing aside potentially comforting facts. Fear over methyl tertiary butyl ether has gripped Maryland. The gasoline oxygenate has shown up in the state's water supplies, as it has elsewhere in the US. The phenomenon became a major news event in June with reports of well contamination around the small towns of Upper Crossroads and Fallston, in Harford County northeast of Baltimore.
Through dynamic portfolio management, integrated oil and gas companies can identify strategic adjustments with the potential to greatly improve asset values. Oil companies have frequently relied on two key criteria to enhance and sustain value in their portfolios: operational effectiveness, with the intent of driving sustainable performance improvements, and financial discipline, with the intent of closely managing free cash flow.
The US Minerals Management Service will begin a 21/2-year process developing the next Outer Continental Shelf 5-year plan when it requests comments and nominations this month.
Escalating world oil demand and declining production rates will push the world toward unconventional forms of energy, including synthetic hydrocarbons, said speakers at an annual oil and gas conference hosted by Deloitte & Touche LLP, the US arm of Deloitte Touche Tohmatsu.
Although crude prices have fallen considerably from record highs in mid-October, the retreat doesn't necessarily signal the start of an extended price slide into 2005, said analysts at the Centre for Global Energy Studies in London.
Strong commodity prices propelled third-quarter earnings for most operators and service companies in the US and Canada, many of which reported that they are using increased cash flows to reduce debt, increase stock dividends, and buy back shares.
With increased production volumes and strong commodity prices, many oil and gas firms based in Canada reported improved third quarter earnings compared with the same period a year earlier.
As Mauritania looks toward becoming an oil producing country for the first time in early 2006, a host of exploration companies has lined up to explore the nonproducing Taoudeni basin in the heart of onshore Northwest Africa.
Oil projects from different parts of the world provide a reference for the various options available to designers of new offshore processing facilities.
jFlood discharge and stream scour studies at pipeline mountain stream crossings alone cannot adequately protect a pipeline where other, more-hazardous processes are possible.
