Regular Features
- OGJ Newsletter
  - OGJ Newsletter
- Journally Speaking
  - Settle for a slowdown
    Elevated exploration and production activity has driven up costs for operators. This was bound to lead to a slowdown in companies’ ability to continue to drill and profit at the accelerated pace of the past couple of years, which originally was spurred by rising worldwide demand for oil and gas amid limited excess production capacity.
- Editorial
  - Cynicism and corruption
    The first foe in any fight against corruption is cynicism. Corruption thrives where people consider it part of the natural order.
- Area Drilling
  - Area Drilling
- Equip/Software/Lit
  - Equipment/Software/Literature
- Editor's Perspective
  - Congress seethes about the wrong OCS money issue
    Congress is coming unhinged about federal revenue from offshore oil and gas activity.
- Market Journal
  - Storage uncertainties undercut gas prices
    The January natural gas contract registered the lowest closing price in 10 weeks on the New York futures market after the Energy Information Administration reported the withdrawal of 11 bcf of gas from underground storage in the week ended Dec. 1.
General Interest
- SPECIAL REPORT: Oil production, reserves increase slightly in 2006
  Worldwide oil and gas reserves rose in 2006 as oil production posted a small increase from a year earlier, according to Oil & Gas Journal’s annual worldwide survey of production and reserves.
- E&P activity, refining drive third-quarter earnings
  Although most companies in a sample of US-based oil and gas firms posted moderate third-quarter 2006 profits or losses, big earnings gains by a handful of large operators propelled the group toward an increase in net income as compared with third-quarter earnings a year earlier.
- Senate’s OCS bill clears Congress, heads to White House
  Working through the night, the US Senate approved a legislative package including its OCS leasing reform bill early Dec. 9 and sent it to the White House for President George W. Bush’s signature.
- WATCHING GOVERNMENT: Programs aim at gas flares
  Critics may consider the idea of environmentally aware oil and gas producers an oxymoron.
- US Senate follows House, approves pipeline safety bill
  The US Senate passed an amended pipeline safety bill by voice vote on Dec. 7, following House passage of the measure on a similarly expedited basis (OGJ Online, Dec. 7, 2006). HR 5782 now heads to the White House, where President George W. Bush is expected to sign it.
- WATCHING THE WORLD: Food costs fuel concern
  We never imagined-never for a minute-that Chinese officials would react so swiftly to our comment last week about the increasing use of biofuels and the upward pressure that puts on food costs, particularly grains.
- Existing state laws, regulations urged for CO₂ storage
  Existing state gas-storage statutes and regulatory frameworks should govern future carbon capture and storage (CCS) projects, says an Interstate Oil & Gas Compact Commission task force leader.
- DOE: ‘Microhole’ coiled tubing drilling holds promise
  A federally funded technology that could change the way oil and gas wells are drilled was successfully demonstrated in the US Midcontinent, the US Department of Energy said.
- Gazprom seeks role in US LNG market
  Russia’s OAO Gazprom hopes to become a “serious player” in the US LNG market, said Deputy Chairman Alexander Medvedev.
Exploration & Development
- SEISMIC EMISSION TOMOGRAPHY-2: Seismic used to map permeability fields
  This is the second of two parts on the use of seismic emission tomography (SET) to directly map reservoir permeability fields.
Drilling & Production
- DRILLING MARKET FOCUS: Industry stable in North America
  The drilling industry appears to be on the upside of a supercycle, keeping most rigs busy in North America.
- Simulation predicts condensate formation in Aghar field
  A compositional program in a dynamic mode simulated multiphase flow through porous media and predicted condensate formation in a gas-condensate reservoir in southern Iran’s Aghar field.
Processing
- SPECIAL REPORT: Global refining capacity increases slightly in 2006
  The worldwide refining industry added a slight amount of crude distillation capacity in 2006.
Transportation
- POINT OF VIEW: TransCanada pipeline president guides course to liquids, TAGP
  As demand for hydrocarbons continues to rise, it becomes increasingly important not only that new sources of supply are found and developed, but also that the resulting production can be brought to market in a timely and efficient manner.
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