Estimates of US natural gas reserves for yearend 2004 are expected to exceed 190 tcf for the first time since 1986, yet producers still are "running in place" to keep up with demand, the American Gas Association said.
A jolting prediction from Goldman Sachs Group Inc., New York, brings attention to the distinctions between interesting and important questions in a strong oil market.
The demand pressures that are raising prices of oil and natural gas-and, therefore, the profits of oil and gas producers-also throw light on a range of paths for companies committed to supplying energy far into the future.
Dual completion technology allowed a joint venture in Russia to accelerate production, add reserves, reduce costs, and still comply with Russian regulations requiring zones to be produced separately.
The Cynara membrane system at Occidental Oil & Gas Corp.'s Mallet CO2-removal facility, Sundown, Tex., has processed 100 MMscfd of gas with an online availability greater than 99% since 1994 and is being expanded to process an additional 100 MMscfd of gas.
A computer program called the "Trunkline Monitoring System" has been developed to track the evolution of a mixture of wet gas feedstock compositions and associated condensate by-products that travel through a two-phase offshore trunkline to onshore gas processing facilities.
As debate heats up again in the US Congress over comprehensive energy legislation, so will discussion about producer access to the Arctic National Wildlife Refuge in Alaska.
Paying attention to the needs of all stakeholder interests is essential to successful petroleum industry operations, speakers emphasized at a recent Canadian Energy Research Institute (CERI) environmental conference in Calgary.
Capital spending on clean-fuels projects by US independent refiners will peak this year, according to an analysis by investment banker Friedman, Billings, Ramsey & Co.
Rising finding and development (F&D) and operating costs have created sharp increases in the oil and gas prices producers need to support US drilling, said a report by Lehman Bros.
This article is a quick review of a few selected world oil seeps and surface geochemical techniques and methods used to detect seeps not visible to the eye (microseeps).
The US and Canada together can claim enormous volumes of oil in place, but most of it is locked in unconventional resources, primarily oil shale in the US and oil sands in Canada.
