The market for intelligent well completions may grow to $600 million in 2010 from the estimated $200 million in 2005, according to Kevin Wood, Susquehanna Financial Group (SFG) oil field services analyst.
Marine sediments in the northern Gulf of Mexico are likely too warm and salty to hold the amount of methane gas hydrates originally thought to exist, according to researchers from a Georgia Tech, Rice University, and Scripps Institution of Oceanography collaboration.
New model predicts oil, synthetic mud densities
A simple equation allows engineers to model downhole drilling mud densities for several types of base fluids.
Venezuela's plan to increase the corporate income tax on oil companies to 50% from 34% would slash the values of multinational companies' assets in the country, Aberdeen consultant Wood Mackenzie Ltd.
There are much more oil reserves left in the world than many of the pessimistic forecasts make out, according to Peter McCabe, senior research geologist at the US Geological Survey, speaking at the annual Australian Petroleum Production and Exploration Association (APPEA) conference in Perth.
Increasing LNG imports’ contribution to total US natural gas resources poses a wide range of challenges, four experts conceded during an Energy Information Administration conference Apr.
Current forces having potential to shape the future of the oil and gas industry-consistently higher oil and gas prices feeding on mushrooming energy demand, conventional oil supply limits, shrinking rig availability, continuing geopolitical concerns, and the need to retain critical industry knowledge-were the focus of speakers at an RMI-sponsored oil field forum in Houston Apr.
Of all the complex issues facing lawmakers trying to fashion comprehensive energy legislation in the US, one should be simple to resolve: protection against defective-product litigation for makers of fuel containing ethanol or methyl tertiary butyl ether.
With global demand for natural gas likely to grow by 2.2%/year during the next 2 decades, gas trade faces major changes, says Ron Billings, vice-president of LNG for ExxonMobil Gas & Power Marketing Co.
Houston, has named John A. O’Donnell as president of Baker Petrolite, succeeding Edwin C. Howell, who is retiring after 30 years of service with the company. Richard L. Williams has been appointed president of Baker Hughes Drilling Fluids, filling the position formerly held by O’Donnell.
Numerous oil and gas downstream construction projects are on the horizon, particularly heavy-oil processing facilities and transmission pipelines, according to Oil & Gas Journal’s Worldwide Construction Survey.
Duke Energy Field Services recently added amine filtration devices at its Linam Ranch and Eunice gas processing plants because they were experiencing operating problems due to a lack of amine filtration.
Algeria's state owned Sonatrach has awarded nine new licenses for oil and gas exploration to international companies on Apr. 9 in its sixth international licensing round.
Apache Corp., Houston, added two land discoveries to its long list of exploration successes onshore Egypt, one of which when appraised could become the western desert's third largest gas field in rocks of Jurassic age.
Australian Worldwide Exploration Ltd., Sydney, said it may participate in as many as five high impact exploration wells off the New Zealand north island in the next 12 months.
Enbridge Energy Co. Inc. has completed a project which demonstrated the validity of external corrosion and internal corrosion direct assessment (ECDA and ICDA) for its pipelines.
