Oil & Gas Journal Articles, Apr 2005

Regular Features
- OGJ Newsletter
  - OGJ Newsletter
    A leveling of index statistics from previous roller-coaster patterns is expected in the industry, according to an economist who prepares the Texas PetroIndex for the Texas Alliance of Energy Producers, Wichita Falls.
- Journally Speaking
  - US prices still cheap
    At this time of year, many Americans are planning summer vacations. Many will hit the highways in sport utility vehicles (SUVs) or minivans and face a dilemma.
- Equip/Software/Lit
  - Equipment/Software/Literature
    New cartridge seal for centrifugal pump
- Editor's Perspective
  - In BP disaster, market question easy, others not
    In the news storm surrounding a refinery accident that kills 15 people and injures more than 100, market responses are incidental.
- Market Journal
  - Energy prices swing with changing influences
    Energy futures prices fluctuated strongly Mar. 22-24 in reaction to a succession of different influences that caused markets first to fall and then to rebound.
- Services/Suppliers
  - Services/Suppliers
    Aberdeen, has appointed Dicky Robichaux as vice-president of well intervention. Robichaux, a recognized authority on hydraulic workovers, snubbing, and well intervention, joins PSL after a 25-year career with Halliburton.
Special Report
- Industry spending to rise but at lower rate in 2005
  Capital spending in the oil and gas industry this year will be strong but will not grow as much as it did a year ago.
General Interest
- Comment: Just how much oil does the Middle East really have, and does it matter?
  Just a few months ago, oil economists were debating if the Organization of Petroleum Exporting Countries had the power to hold oil prices in the mid-$20/bbl range. There was talk of the increasing demands for oil from China's new economic prosperity, but generally the age-old perception that supply must always equal demand in a properly functioning open market remained in tact.
- FACTS: Middle East production capacity to continue climb
  The Middle East's crude oil production capacity will continue to rise by 4.35 million b/d from 2003's estimate of 23.9 million b/d, reaching 28.3 million b/d of oil by 2010.
- High oil prices boost interest in French E&P business
  Higher world oil prices and modest costs of acquiring acreage have boosted the interest of small and midsize oil companies in Frances's mature exploration and production business.
- Brazil warns against Bolivian hydrocarbons legislation
  Future investments by Brazil's state-owned Petroleo Brasileiro SA (Petrobras) in Bolivia's oil and gas industry will be jeopardized if Bolivia's proposed hydrocarbons bill is approved by the Senate, Brazil's Mines and Energy Ministry said in a news release. The bill has been approved by the lower house.
- NGSA backs tariffs for gas quality, interchangeability
  The Natural Gas Supply Association urged the US Federal Energy Regulatory Commission to adopt the use of pipeline tariffs as a way to address natural gas quality and interchangeability issues.
- Watching the World: The Suez Canal and oil trade
  The Suez Canal Authority announced record income last week, saying it had earned close to $4 billion in transit fees for the first time since nationalization of the waterway in 1956.
- Singapore takes maritime security steps
  Singapore has taken measures to protect key oil and chemical port facilities from terrorist attack following several recent attacks on tankers in and near the Malacca Straits (OGJ, Mar. 21, 2005, p. 31).
- Watching Government: The US economy and fuel costs
  Have sustained high crude oil prices started to reverberate throughout the US economy? Analysts and observers who loudly proclaimed a year ago that the economy was absorbing rising petroleum and product prices aren't saying the same thing this spring.
- ESAI: US approaches gasoline demand run
  January gasoline demand in the US has increased from its year-earlier level in each of the last 9 years but 1, and 2005 appears likely to follow the trend, said Energy Security Analysis Inc., Wakefield, Mass.
- UK group reviews climate-change mitigation policies
  Energy efficiency is the fastest way of cutting carbon emissions and mitigating climate change but is not on the agenda of many policy-makers worldwide, a meeting of UK energy professionals concluded.
- Point of View: Forest Oil advances via leadership change, reorganization
  Forest Oil Corp. announced an acquisition in early 2005 that would compliment a series of acquisitions and strategic direction that the company has been implemented since late 2003, when the Denver-based independent changed leadership and reorganized its departments.
- Company News: Range Resources' reserves swell with drilling, acquisitions
  Range Resources Corp., Fort Worth, reported replacing more than 8 times its 2004 production last year, including replenishing more than double its production through drilling alone.
- Personnel Moves and Promotions: Alliance Pipeline names Birch president, CEO
  Alliance Pipeline names Birch president, CEO Alliance Pipeline Ltd. of Calgary named Murray Birch president and CEO of the company.
- Editorial - The UN's conflicts
  The Independent Inquiry Committee (IIC) investigating the Oil-for-Food Program in Iraq has cleared United Nations Sec.-Gen. Kofi Annan from wrongdoing in relation to money his son Kojo received from a program contractor.
- Europe's largest built hydrocracker shipped to France
  Europe's largest built hydrocracker shipped to France GE Energy has build and shipped a 48,000 b/d distillate hydrocracker - one of the largest ever built in Europe
Drilling & Production
- Amsterdam Conference — Industry leaders discuss new technology development and deployment
  Drilling industry leaders spoke out during plenaries at a recent conference about responsibility for new technology development and the causes of commercial failures of some new technologies despite technical successes.
Processing
- CERA: Refiners will face significant regional product imbalances
  During the next few years, worldwide refiners will confront the challenges of mismatched regional supply and demand for refined products, tightening fuel specifications, less excess capacity, and changes in crude quality, according to speakers at a conference hosted by Cambridge Energy Research Associates in Houston Feb. 15.
- Nelson-farrar cost indexes
- Nelson-Farrar Quarterly: Indexes for selected equipment show moderate increase
  Costs for six selected equipment items used in refining construction operations have been surveyed for the 3 years, 2002-04.
Transportation
- Canadian report examines need for more oil pipeline capacity
  The Canadian Association of Oil Producers (CAPP) has assessed the need for additional oil pipeline capacity in a report released in February "Crude Oil Pipeline Expansion Summary."
Print Ad Index
- Advertising Index
  AMD
  
  A look at recent history and current developments in certain countries of Latin America gives an uneven prospect on the implementation of privatization and deregulation, industry growth in state-controlled countries, and what is being done to encourage exploration.
- Newfield lifts Utah Monument Butte oil flow
  Newfield Exploration Co., Houston, is pressing development of giant Monument Butte oil and gas field in the northern Uinta basin, where it estimates more than 1 billion bbl of oil in place.
- ONGC has second deepwater gas find off India
  India’s state Oil & Natural Gas Corp. Ltd. is testing a second deepwater gas discovery in the Krishna-Godavari basin.
- SAGD study due for Dome Flore deposit
  A Malaysian investment concern will take over as license operator and conduct a study of the Dome Flore heavy oil deposit in the Atlantic Ocean off Senegal and Guinea Bissau, West Africa.
- Williams orders 10 custom rigs to tap Piceance gas
  Williams Cos., Tulsa, plans to ramp up drilling in the Piceance basin at the end of 2005 as it fields new purpose-built rigs in Garfield and Rio Blanco counties, Colo.

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Issue 13

Table of Contents

Oil & Gas Journal

Regular Features

OGJ Newsletter

Journally Speaking

Equip/Software/Lit

Editor's Perspective

Market Journal

Services/Suppliers

Special Report

General Interest

Drilling & Production

Processing

Transportation

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Looking for past issues? Click here.