The new Unite remote data acquisition and transmission seismic acquisition system offers channel capacity without digital cables and connectors or VHF radio transmission.
Crude futures prices shot up 19% from early March through late April, with the June contract for benchmark US light, sweet crudes closing at a record $75.
Venezuela last month reclaimed more than 27,000 sq km formerly licensed by oil companies by requiring them to join new state-controlled joint ventures, El Tiempo newspaper reported.
Construction of both the Alaska natural gas pipeline and the Mackenzie River Delta pipeline are needed to help meet escalating gas demand, the Northwest Territories minister of industry, tourism, and investment told the Ziff Energy Group gas strategies conference.
US President George W. Bush momentarily shifted his focus from longer-term alternatives and ordered more federal investigations of high gasoline prices.
British Prime Minister Tony Blair last week was urged to reverse the proposed increase in North Sea taxation or risk seeing Britain’s offshore oil industry decimated as fields are sold off and exploration spending moves elsewhere.
Rapid growth in demand for energy in general and oil in particular puts China in need of an energy policy able to manage consumption and increase indigenous supply.
For US offshore oil and gas producers, midstream companies, refiners, and petrochemical companies, recovery and rebuilding dominated fourth-quarter 2005 and first-quarter 2006.
Current work to link the floating production storage and offloading (FPSO) P-50 vessel to 16 production wells at the Albacora Leste field in Campos basin symbolizes Brazil’s plans to reach oil self-sufficiency by mid-2006, according to Sergio Gabrielli, president of state-owned oil company Petroleo Brasileiro SA (Petrobras).
In Norway’s Troll field, Norsk Hydro Produksjon AS and its service partners drilled the complex Starfish well in June 2005 with five laterals from a single slot.
The export gas pipeline from the Espírito Santo basin’s deepwater Golfinho field off Brazil required extensive geophysical and oceanographic work before beginning pipeline design, it being the first development in the basin.
Extensive damage to oil and gas facilities and pipelines has brought to light the vulnerability of offshore production in the Gulf of Mexico the past 2 years.