Rep. Joe Barton (R-Tex.), House Energy and Commerce Committee chair, has disputed a media report that federal royalty relief in the deepwater Gulf of Mexico will cost the US government billions of dollars.
Federal royalty relief in the deepwater Gulf of Mexico came under fire as critics charged that it will cost the US government billions of dollars at a time when crude oil and natural gas prices are near record highs.
A report from the Interstate Oil & Gas Compact Commission’s North American Coastal Alliance (NACA) spotlights the untapped potential of areas in North America currently off-limits to oil and gas production.
Militants holding nine foreign hostages in southern Nigeria claimed Feb. 20 that they attacked another oil facility and blew up a military vessel in continued violence that has further cut the country’s production of crude oil.
Early findings of “serious problems” in a European Union inquiry of gas and electricity market liberalization have evoked warnings from Competition Commissioner Neelie Kroes and Energy Commissioner Andris Piebalgs.
Natural gas reserves in the US Rocky Mountain region are expected to exceed 130 tcf by 2030 if growth continues at the rate indicated by 30 years of statistics, energy consultant Wood Mackenzie Ltd. said.
I deeply regret that Ward M. Wheatall was disappointed with the published article on "Oil reconstruction in Iraq: progress and challenges" (see letter, Jan. 23, 2006, p. 12, about article, OGJ, Dec. 19, 2005, p. 26).
New equations, which cover the full range of dehydration-plant operating conditions and wide range of experimental data results, estimate the amount of H2S and CO2 absorbed per volume of triethylene glycol (TEG) circulated vs. the partial pressure of acid-gas components and the absorber temperature.
Moving multiphase metering technology and other sensors downhole, incorporating sand detection technology, and developing an intelligent downhole instrumentation network sensors have contributed to closing the subsea information gap and leading to a more precise modeling of reservoirs.
“The biggest challenges for the offshore segment of the industry are the increased water depths, the increased pressures that occur in deep water, and the lack of infrastructure in many of the remote production areas,” said James Pappas, senior engineering advisor for Devon Energy Corp.