Africa will supply 30% of an estimated 13.65 million b/d growth in global liquids production capacity by 2010, excluding the US onshore and Canada, said an official of IHS Energy.
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.
The International Energy Agency recommends that governments consider restoring energy research and development budgets to at least the levels of the early 1980s.
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.
A report early this month by the US Minerals Management Service shows big oil and gas potential in areas of the Outer Continental Shelf now off-limits to drilling.
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.
With pipeline construction set to grow in 2006 and beyond (OGJ, Feb. 13, p. 57), the need for a variety of different compression solutions will grow as well.
The Hydraulic Institute (HI) published a new “American National Standard for Effects of Liquid Viscosity on Rotodynamic (Centrifugal and Vertical) Pump Performance (ANSI/HI 9.
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.
Crude futures prices dropped below $58/bbl Feb. 15 for the first time since November in New York, capping 6 weeks of unusually large increases in US inventories.
New Iberia, La., has announced the formation of Bayou Welding Works LLC (BWW), which represents the company’s return to its original business when formed as Bayou Welding Works Inc.
Without hydraulic fracturing, most tight-sand gas reservoirs would not produce economically even at the relatively high levels wellhead gas prices have reached recently in the US.
A group led by Pluspetrol SA has hiked production to about 2,300 b/d of oil in the fourth quarter of 2005 on the Palmar Largo block in the Noroeste basin near the border with Paraguay.
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.
“I see three big challenges we’re fighting to overcome in deepwater projects,” said Bill Donlon, Shenzi Subsea Team Lead for BHP Billiton, the world’s largest diversified resources company.
