Oil & Gas Journal Articles, Jul 2005

Regular Features
- Area Drilling
  - Area Drilling
    Tanganyika Oil Co. Ltd.
- Editor's Perspective
  - US explanations diverge over high gasoline prices
    Two explanations of contrasting credibility emerged last month for why, beyond crude oil fundamentals, US gasoline prices are high.
- Equip/Software/Lit
  - Equipment/Software/Literature
    Here’s the HPMC Series MultiPort Rotary Union for uses requiring high pressures and more than one media.
- Journally Speaking
  - Research yields results
    Despite funding uncertainty, energy research by the US Department of Energy yields steady results.
- Market Journal
  - Demand, price, and surprises
    Energy futures prices skyrocketed to all-time highs on July 6, with crude topping $61/bbl on the New York Mercantile Exchange among fears that Hurricane Dennis might disrupt oil and gas production in the Gulf of Mexico.
- OGJ Newsletter
  - OGJ Newsletter
    Presidents Hu Jintao of China and Nursultan Nazarbayev of Kazakhstan have agreed to form a strategic energy partnership by linking their two nations with oil and gas pipelines.
- Services/Suppliers
  - Services/Suppliers
    Morris Township, NJ, has appointed David Sundin as field market development manager for its Spectra high-performance synthetic ropes business.
- Letters
  - Letters
    Judson Jaffe's article titled �US should reconsider fuel ethanol's excise tax exemption" is 'spot on,' as the Brits say (OGJ, June 13, 2005, p. 26). The 51¢/gal subsidy for the production of ethanol amounts to over $21/bbl. .
Drilling & Production
- Drilling Market Focus: Chinese build rigs, drillers venture abroad
  China’s increasing industrialization is expanding its drilling market. The need for petroleum is driving increased drilling and Chinese yards will build more than 100 new land rigs this year.
- Electric subsea control module slated for Norne template
  The project for the installation of a new subsea template in the Norne field includes the retrofitting of an electric subsea control module on an existing subsea template.
Exploration & Development
- Arkoma Fayetteville shale gas play delivering expected variability
  Arkansas has designated two new unconventional gas fields in the Mississippian Fayetteville shale play east of the main Arkoma basin conventional gas-producing fairway.
- Exploration picks up off several countries in the Mediterranean
  Recent events point toward acceleration of exploration off several countries in the central and eastern Mediterranean Sea.
- More operators join Williston basin Bakken oil hunt
  Exploration for oil and natural gas in the Mississippian Middle Bakken formation in the Williston basin is drawing more operators in the US and Canada.
- Multiple pays aid East Texas Deep Bossier gas play
  Multiple gas pay zones are easing the economics for operators in a growing gas play in the Deep Bossier formation in southern East Texas.
- Operators discover more gas in Bay of Bengal off India
  Reliance Industries Ltd., Mumbai, and Niko Resources Ltd.
General Interest
- Editorial: Oil-import politics
  Condemnation of foreign oil produces better energy politics than energy policy. In the US, it has become a powerful rallying cry.
- BP’s Thunder Horse platform listing in Gulf of Mexico
  BP PLC said the Thunder Horse semisubmersible platform on Mississippi Canyon Block 778 in the deepwater Gulf of Mexico, 150 miles southeast of New Orleans, was discovered listing 20-30° after Hurricane Dennis passed through the area.
- Drilling applications up in most states
  Regulators in several states are handling record numbers of drilling applications, reported the Interstate Oil and Gas Compact Commission.
- Investment cited as most likely limit to oil supply
  Any limitations on worldwide supply of oil until 2030 will be due to a lack of the investments in development, transportation, and refining “in the correct places at the correct time,” said Kenneth J.
- Kogas, Vopak consider building LNG terminal in Asia
  The International Projects Group of Korea Gas Corp. (Kogas) and Koninklijke Vopak NV subsidiary Vopak Asia Pte.
- Comment: New president likely to change Iran’s oil industry
  On June 24, the mayor of Tehran, Mahmoud Ahmadinejad, won the second round of Iran’s presidential elections, upsetting Ali Akbar Hashemi Rafsanjani with 61.
- Company News: Pogo to acquire Unocal’s Canadian E&P assets
  Pogo Producing Co. agreed to acquire Northrock Resources Ltd.
- Comment: The search for reasonable certainty in reserves disclosures
  The system for disclosing proved oil and gas reserves needs to undergo significant modernization, which is overdue.
- Venezuela pushes plan for cheap oil in Caribbean
  Venezuela has agreed to sell crude oil and petroleum products to Caribbean countries at concessionary rates as part of the PetroCaribe agreement.
- Watching Government: NPRA’s timely capacity tally
  The National Petrochemical & Refiners Association normally releases its annual US refining and storage capacity report around mid-July each year.
- Watching the World: Mackenzie gas line advances
  Canada has announced an agreement with the Deh Cho First Nations (DFN) aboriginal group that could allow construction of the $7 billion (Can.
- Personnel Moves and Promotions: Al-Khalifa elected SPE International president
  AbdulJaleel A. Al-Khalifa, manager of reservoir description and simulation for Saudi Aramco, was elected as 2007 president of the Society of Petroleum Engineers International (SPE).
Processing
- Kentucky refiner reconfigures resid FCC unit for normal FCC service
  In 2004, Marathon Ashland Petroleum LLC revamped a 20-year-old, 40,000 b/sd resid FCC (RFCC) unit into a 95,000-b/sd FCC unit (Fig.
Special Report
- Higher natural gas demand has China looking worldwide
  China’s natural gas industry has been developing rapidly since the late 1990s, but the pace of development has been particularly fast in recent years as overall energy supply in China has tightened.
- First Chinese oil import pipeline a step towards supply diversity
  Amid new projections last month that growth in China’s oil demand was slowing, construction progressed on a nearly 1,000-km (621-mile) segment of a much longer oil pipeline from Kazakhstan to China’s northwest province of Zinjiang.
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Issue 27

Table of Contents

Oil & Gas Journal

Regular Features

Area Drilling

Editor's Perspective

Equip/Software/Lit

Journally Speaking

Market Journal

OGJ Newsletter

Services/Suppliers

Letters

Drilling & Production

Exploration & Development

General Interest

Processing

Special Report

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Looking for past issues? Click here.