The first cold weather of the US winter blew into the Midwest and Northeast on Dec. 13-14, pushing up prices for heating oil in the world's biggest market for that commodity and pulling up other energy prices with it.
Aberdeen, has announced the appointment of Glynn Williams as chief executive, Nigel Leggett as vice-president of business development, and Robert Preston as vice-president of marketing.
Reason for Annan to quit should be UN, not US
The administration of US President George W. Bush was right to declare on Dec. 9 that it's not pushing for the resignation of United Nations Sec. Gen. Kofi Annan.
After plummeting more than $7/bbl the previous week, crude futures prices bumped up Dec. 6 amid indications by several members of the Organization of Petroleum Exporting Countries that they might take action at their Dec. 10 meeting in Cairo to curb the fall.
Williams Cos., Tulsa, said its net production in Argentina averages 6,000 b/d of oil and 16 MMcfd of gas based on its 69% ownership in APCO Argentina Inc., Tulsa.
Recommendations in the National Petroleum Council's report on refining issues aim at avoiding hindrance to capacity expansion, encouraging investment, and allowing the supply system to operate efficiently.
Oil and gas companies in a Lehman Bros. survey plan to increase worldwide exploration and production spending next year by 5.7% after raising outlays in those areas this year by an estimated 12.4%.
Over the last 20 years, unconventional natural gas in the US has grown from "just modest expectations back in the early 1980s" to become one of the dominant forces of gas supply, said Scott R. Reeves, executive vice-president of Advanced Resources International Inc., Houston, at a 2-day conference in Denver.
Since he said he will not be around for a second term, it's no surprise that outgoing US Department of Energy Sec. Spencer Abraham used his appearance at the National Petroleum Council's Dec. 1 meeting in Washington, DC, to summarize his tenure as energy secretary and to thank a group with whom he worked.
The worldwide refining industry added capacity in 2004, despite a decrease in the total number of operating refineries. For the third year in a row, worldwide capacity is at a record level.
New graben located on promote blocks in UK North Sea's southern gas basin
The North Sea, one of the world's major hydrocarbon provinces, is the world's seventh largest oil and gas producer.
Demand for jack up drilling rigs has pushed up day rates, with 17 newbuilds delivered in 2000-04 and 12 more under construction. Several new designs lead the way, including the Rowan/LeTourneau Tarzan class, Keppel FELS Super B Class, Friede & Goldman's JU-2000, and the Baker Pacific Marine 375. These designs enable deep drilling to 35,000 and perhaps 40,000 ft, in water as deep as 500 ft.
The industry still has installed only a few downhole oil-water and gas-water separators, and the technology has languished compared with activity and expectations made during the late 1990s, according to a recent study from Argonne National Laboratory.