Rockhopper Exploration Ltd., Swindon, UK, plans to run 3D seismic surveys the next 2 years on the PL 032 and PL 033 exploration licenses formerly held by a Shell affiliate in the North Falklands basin.
Vela International Marine Ltd. cut emissions of volatile organic compounds (VOCs) by nearly one-half during tanker loading of crude oil in tests of a system that increases vent pressure and recombines escaped gases with the cargo.
Crude futures prices rocketed to record highs just days after members of the Organization of Petroleum Exporting Countries voted June 15 to raise the cumulative production quota for 10 members, minus Iraq, by 500,000 b/d to 28 million b/d, effective July 1. In its June 10 report, the Paris-based International Energy Agency pegged production among the 10 quota-limited OPEC members at 27.51 million b/d in May. With Iraqi production included, total OPEC output in May was 29.26 million b/d.
Cavallo’s article begins, “It is well known that M. K. Hubbert (in 1956) successfully predicted the timing (1970) of peak US oil production.... The questions that must be asked are why the (bell-curve) model succeeded for the US and what this can teach us about petroleum production modeling.”
Mathematical modeling demonstrates that nozzle distribution on drillbits affects the performance of the drilling fluid flow from the bit. This article is about the internal flow of nozzles on a rotary drillbit.
Clarity of US thinking about energy occurs most often during crises of supply. A case in point is the Trans-Alaskan Pipeline System, which since its opening in 1977 has made as much as 2 million b/d of North Slope crude available in the Lower 48, California in particular.
Two House committee chairmen from California have asked US President George W. Bush to launch a review of China’s growing energy requirements and the implications for US political, strategic, and economic interests.
Azerbaijan soon will become a major energy exporter. Officials opened the valves to start line fill late last month at the Sangachal terminal near Baku on the Baku-Tbilisi-Ceyhan (BTC) Pipeline, which will move crude oil from Azerbaijan’s Caspian Sea region to western markets.
Although great care was taken in dealing with environmental problems, the region’s fragile political stability, and about 20,000 local landowners during the BTC construction, not everything went smoothly.