Houston, energy capital of the world, ranks 39th among the 50 largest US cities in the ability to cope with natural disaster or the economic pressures of-gasp-$100/bbl oil, says a recent study by SustainLane.com, formed in 2004 to promote healthy lifestyles and sustainable environmental planning.
The front-month crude contract jumped to record highs above $75/bbl as the New York market reopened July 5 after the US Independence Day holiday amid rising demand for oil in the US and China and fears of supply disruptions in the Middle East, Nigeria, and the Gulf of Mexico.
International oil companies face changing business dynamics and rising competition as national oil companies aggressively acquire reserves and other assets around the world.
Fundamentals are strong for service companies who find their roles changing as international oil companies (IOCs) and national oil companies (NOCs) compete for oil and gas assets worldwide.
High oil and gas prices and record profits are generating complex challenges for producers, said Petroleum Industry Research Foundation Inc. (Pirinc) in a recent report.
With its continued drive to secure supplies of oil and natural gas, China is moving ahead with determination on several different coal-to-liquids (CTL) projects.
This second of two articles reports on a study by BP Exploration (Alaska) of the behavior of 16Cr coiled tubing in field tests on the North Slope that led to the development of guidelines and operating procedures for continued work.
Several new offshore LNG terminals that have been licensed or proposed for construction in the northern Gulf of Mexico will use open-rack vaporization (ORV) or the more general open-loop vaporization (OLV) technology.
Freeport LNG Development LP, Houston, used state-of-the-art pipe-pull techniques in completing the longest of the horizontally drilled sections of pipelay connecting its regasification terminal site with intrastate natural gas transmission lines.
