The economics on a structural basis for participating in the Texas artificial-reef program are similar to those of Louisiana’s program. The Louisiana program was discussed in Part 2 of this series (OGJ, Aug. 1, 2005, p. 38).
Start-up dates and production performance of seven technically challenging oil fields will determine what, if any, growth in Russian supply occurs at the end of this decade.
Lack of refinery capacity may become a greater fuel supply problem than availability of crude oil over the next 5-10 years, said ICF Consulting Group Inc., Fairfax, Va.
I have a few comments to add to your editorial of Aug. 8 (The Kyoto Alternative, OGJ, Aug. 8, 2005, p. 19). Dr. William Gray (no relation) is, probably, the atmospheric researcher most well known by the public at large.
GE Commercial Finance Energy Financial Services, Stamford, Conn., and Caisse de depot et placement du Quebec of Montreal, Canada’s largest institutional investor, agreed to buy the Southern Star natural gas pipeline system from AIG Highstar Capital for $362 million.
Every time lawmakers or regulators tighten specifications for gasoline or diesel fuel-and there have been many such times in the past 15 years-a guessing game begins over cost.
Although the rate of increase has slowed, Russian oil production will rise by 2-3% during 2005-06, the International Energy Agency reported after a visit of its secretariat to Moscow.
International Finance Corp. (IFC) signed a $250 million loan for the Argentine unit of Pan American Energy LLC to finance drilling and waterflood projects in southern Argentina’s Golfo San Jorge basin.
Ecuador resumed operations at its Sote pipeline last week after several days of protests by residents of the Orellana and Sucumbios provinces in the Amazonia region.
Woodside Petroleum Ltd. has added a new gas project to its global list of developments with the announcement that planning has begun for a new LNG facility centered on its recent Pluto gas discovery.
ExxonMobil Corp. Chairman and Chief Executive Officer Lee Raymond has announced his intention to retire at yearend after more than 42 years of service, including 21 years as a director.
The past 2 years have seen major changes in the fortunes of the industry in the North Sea as oil prices have doubled, money has flooded into oil stocks (some of which have more than doubled), and drilling rig rates have rocketed.