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).
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
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.
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.