Congratulations you for “hitting the nail squarely on the head” by pointing out the hypocrisy of the federal government and their flimsy energy policy.
Often on this page, OGJ editors have discussed promising new technologies-such as windmills, harnessing ocean waves, and various types of biofuels-that might someday replace oil and natural gas as power sources.
Energy prices dipped in profit taking Mar. 2, ending a stretch of consecutive gains over the seven previous trading sessions that pushed the April contract for benchmark US light, sweet crudes to a closing of $62/bbl Mar. 1 on the New York Mercantile Exchange.
The US Federal Trade Commission aggressively used its authority during 2006 to keep US retail energy markets competitive, FTC Chairwoman Deborah Platt Majoras told a US Senate subcommittee Mar. 7.
Canadian oil sands projects recently have seen a major increase in capital costs per peak flowing barrel, which is putting pressure on returns on investment in an area where project economics are already considered relatively marginal, said Wood Mackenzie in its report, “The Cost of Playing in the Oil Sands.”
Offshore lessees would be required to measure all flared and vented natural gas on facilities producing more than 2,000 b/d of oil under changes the US Minerals Management Service proposed to its Outer Continental Shelf production requirements.
Pipeline operators have begun considering the transfer of solid expandable tubular (SET) technology, widely used upstream, into pipeline repairs and restorations.
OFS Portal is an organization with a non-profit objective consisting of diverse supplier members who are committed to promoting eCommerce and reducing costs.
The energy industry is at the start of a renaissance brought about by the rise of national oil companies and countries as primary asset holders, the increased globalization of the energy business and the need to recruit and integrate the best minds from diverse cultures.
The E&P business is one of the most highly technical and digitally intensive industries anywhere. For the past six years, the Gulf Coast Section of the Society of Petroleum Engineers has hosted the Digital Energy Conference, now firmly established as the leading annual industry event focused on how digital technologies help to create value for exploration and production.
While the Exploration and Production segment of the industry has no problem embracing geological and drilling risk, it doesn’t like to be the first to embrace new technology - including information technology.
