The ongoing discussions about “peak oil” have continually skirted the one unifying concept which addresses the reality about the (eventual) peaking of global liquids production.
Natural gas futures fell below $5/MMbtu Sept. 14 to the lowest level in 2 years on the New York market after the US Energy Information Administration reported a large leap in US gas storage.
Since 2002, storm-related natural gas production shutins in the Gulf of Mexico have had a much greater impact on the US gas market than in previous years.
US natural gas producers and pipelines have worked out the minor differences between their proposals to improve blanket certificate procedures, the Natural Gas Supply Association and the Interstate Natural Gas Association of America jointly announced Sept. 19.
Confusion over where to place a price threshold in the final rule may have led to its omission in federal deepwater leases in 1998 and 1999, US Minerals Management Service Director Johnnie Burton told a US House committee Sept. 14.
The US Department of Transportation has proposed stiffened safety requirements, including cleaning and continuous monitoring, for more than 1,200 miles of crude oil and product pipelines.
For the oil industry to continue meeting its long-term responsibility of providing energy to the world economies, it needs to continue to identify new oil fields, said Saudi Aramco Pres. and Chief Executive Abdallah S. Jum’ah.
Rising confidence in discovering and producing oil and gas from deep Lower Tertiary formations in the deepwater Gulf of Mexico could make a large but costly impact on US reserves, Devon Energy Corp. said in early September.
Techniques that consider all the chemical and mechanical aspects of displacing drilling fluid can benefit dramatically the economics and effectiveness of well completions in deep water.
Exciting new developments in seismic technology are emerging to meet the needs of operators as they explore for oil and natural gas in more challenging environments and increasingly complex geology.
To keep pace with the relentless growth in global energy demand in the decades ahead, it will be necessary to find, develop and use more oil and gas more efficiently, and with less impact on the environment.
When the idea of linking the Mediterranean Sea and the Red Sea with a navigable waterway first occurred to the Pharaohs, the commercial world was a far smaller place.
Economic growth and growing populations will keep global demand for transportation fuels and petrochemical products growing at a brisk pace for the foreseeable future.
