OAO Yukos is reviewing its options after a US judge dismissed a Chapter 11 bankruptcy case filed in Houston as part of an unsuccessful attempt to block the sale of Yukos unit Yuganskneftegas (OGJ Online, Dec. 15, 2004).
Egyptian General Petroleum Corp. selected a bid by IPR Energy Red Sea Inc., Irving, Tex., for the 290 sq km North Ramadan concession in the Gulf of Suez.
Interest in commercial gas-to-liquids (GTL) technology, limited for over 70 years to countries with political rather than economic drivers, has heightened in the past decade with now-monthly announcements of technical advances and commercial agreements, studies and demonstrations and front-end engineering and design (FEED) awards, and even a groundbreaking or two.1
Sabotage, mismanagement, and administrative corruption are the main problems preventing Iraq from stepping up its oil production, according to a senior Iraqi official.
Conventional wisdom that US natural gas production is on a steady downward spiral was challenged Mar. 7-8 at a Canadian Energy Research Institute (CERI) natural gas conference in Calgary.
Brazil's state-owned Petroleo Brasileiro SA (Petrobras) has announced the signing of contracts worth $910 million to finance its Director Plan for Flow and Treatment of Oil (PDET) for the Campos basin.
The US Financial Accounting Standards Board (FASB) recently issued a comment that will change the manner in which oil and gas companies account for dismantling and removing oil and gas facilities.
ONGC drilling high angle offshore wells through shale
India's Oil & Natural Gas Corp. Ltd. used a different approach to improve extended reach drilling through shales at its offshore Mumbai (Bombay) High oilfield.
A new analysis from Frost & Sullivan, "North American Markets for Compressors in the Oil and Gas Industry," shows that this market will increase its revenue to $192.1 million in 2010, up from $148.8 million in 2004 (Fig. 1).
Xylene-based inhibitor solves crude oil wax problems in Niger Delta pipeline
Experiments in both laboratory and field flow systems in Nigeria have tested the effectiveness of a xylene-based inhibitor for solving wax-deposition problems in pipelines.
Consultant: VLCC rates have resumed their climb
Tanker rates for very large crude carriers (VLCC; larger than 220,000 dwt) trading internationally fell precipitously at yearend 2004 to $35,000/day, after reaching record highs earlier in the year of more than $200,000/day (Fig. 1). An analysis by New York-based shipping consultant Poten & Partners, however, shows that movement as temporary.
