Bolivian President Evo Morales decreed the nationalization of gas and oil industries on May 1, dispatching troops to oil and gas fields, refineries, and strategic points along pipeline routes.
That old mother of invention-necessity-has reared its troublesome head again. A US natural gas shortfall projected for 2025 is prodding industry researchers to concoct viable technical solutions to offset it.
Oilex NL, Sydney, plans to drill wells and may acquire 3D seismic data as a buildup to possibly redeveloping the western high of Cambay oil and gas field in Gujarat.
The offshore oil and gas industry’s elaborate technology stood up to last year’s Gulf of Mexico hurricanes and shows no sign that the storms slowed its development.
Saudi Aramco is responding to rising global oil demand and limited spare production capacity by developing several fields and increasing drilling, a company official said in an OTC presentation.
Trade association officials cited aggressive reinvestment rates and already announced commitments to increase US refining capacity in response to public anger over high gasoline prices.
US Senate Republicans on Apr. 27 introduced legislation including a $100 tax rebate aimed at relieving the impact of higher gasoline prices on consumers.
The planned Eastern Siberia-Pacific Ocean crude oil pipeline, which has taken some route-and possibly economic-swerves recently, is raising supply questions for Europe.
Amid the heady talk coming out of South America over efforts by Bolivia’s president to nationalize the country’s oil and gas industry, there are at least some voices of sobriety-or so it seems.
Oil-producing and consuming countries must cooperate to effectively and economically meet the world’s growing oil demand, top energy officials from Saudi Arabia and the US agreed at a Center for Strategic and International Studies forum.
Ecuador planned to start collecting a revised “extraordinary profits” oil tax May 1, Minister of Economy Diego Borja Cornejo told Dow Jones Newswires in Quito.
Trinidad and Tobago has announced it will help facilitate the PetroCaribe agreement by supporting the removal of the Common External Tariff (CET) on petroleum products.
Devon Energy Corp., Oklahoma City, projects drilling of 800 wells in 5 years on Barnett shale acreage it will acquire from privately owned Chief Holdings LLC for $2.
The Minerals Management Service collects shut-in production data from the survey response of operators following major storms, but the pre-Andrew record is sparse and, for early events, of variable quality.
Horizontal drilling and slick water frac jobs have come together to fuel a new area of activity in the Pennsylvanian Granite Wash play in the northeastern Texas Panhandle.
A study determined the changes in pressure-volume-temperature (PVT) properties caused by gas injection in the Marun field Asmari carbonate reservoir in Iran.
The practical application of a probability-of-exceedance approach within an integrity-management program assumes the availability of two important data sets: in-line inspection tool sizing performance and corrosion growth rate.
