The American Association of Petroleum Geologists president promotes wider reliance than exists now on probabilistic methods of estimating oil and gas reserves.
Virginia Gov. Timothy M. Kaine plans to amend a bill passed by the commonwealth's general assembly that would have supported lifting a moratorium on natural gas leasing and development on the Outer Continental shelf from 2006 through 2012.
Six oil and gas associations have asked the US Minerals Management Service to expand Outer Continental Shelf lease sale areas beyond those listed in the proposed 5-year program.
The Norwegian Ministry of Petroleum and Energy, in Norway’s 19th licensing round, awarded 17 companies interests in 13 production licenses covering 33 blocks or parts of blocks on the Norwegian continental shelf.
An antitrust reform bill that US Senate Judiciary Committee Chairman Arlen Specter (R-Pa. and other senators introduced last week is based on incorrect assumptions and would do substantial harm to US refiners, the National Petrochemical & Refiners Association said Apr. 10 see p. 24.
Indonesia’s state-run PT Pertamina is having difficulty meeting contracts with local firms for the supply of natural gas although it plans to boost domestic gas deliveries when a new pipeline opens in July.
Senate Judiciary Committee leaders and members introduced an antitrust reform bill Apr. 6 that is directed at US oil and gas companies and overseas producers.
How likely is it that Louisiana-which has supported oil and gas development off its coast-will try to delay or block an Outer Continental Shelf lease sale scheduled for this summer?
Venezuelan state oil company Petroleos de Venezuela SA (PDVSA) has formed a joint venture with Cuba’s Cupet to revamp the unfinished Cienfuegos refinery.
Sherritt International Corp., Toronto, plans to appraise and develop a large portion of Santa Cruz field, which it declared commercial in February 2006.
Energy prices retreated slightly but remained above $67/bbl Apr. 7 after Edmund Daukoru, president of the Organization of Petroleum Exporting Countries, said his group is unlikely to cut production in the face of high prices and geopolitical threats to crude supplies.
The new DIRECT PAK screen system has been developed to provide solutions to two major sandface completion concerns: hole instability in horizontal open-hole gravel packs and annular bridging during long-interval cased-hole fracs.
Oil & Gas Journal’s exclusive biennial enhanced oil recovery (EOR) survey, p. 45, shows that the industry continues to increase the number of carbon-dioxide-injection EOR projects, while steam injection is producing less oil in California and more in the heavy oil and bitumen regions of Western Canada.
Through a fully integrated team approach to reservoir management, Occidental Permian Ltd. has proved that CO2 flooding in the North Hobbs Unit is a viable economic process even in a highly heterogeneous reservoir that requires constant surveillance and monitoring.
Application of more rigorous engineering assessment methods, such as probability of exceedance, to in-line inspection data provides a more reliable procedure for pipeline integrity management than current alternatives.
This is the second of three parts examining the Hubbert method and the degree to which it has understated production and estimated ultimate recovery using the San Joaquin Valley and Permian basins as examples.
Petroleos Mexicanos, reporting small declines in Mexico’s oil and gas reserves in 2005, said it has offshore and land projects lined up to reverse the decline if the government approves its budgets in coming years.
The UK’s dependence on imported natural gas and LNG will increase dramatically in the near future. The UK may need to import up to 40% of its natural gas by 2010 and up to 90% by 2020.
