Table of Contents
Oil & Gas Journal
06/18/2007
Volume 105, Issue 23
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Regular Features
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OGJ Newsletter
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Journally Speaking
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A Mideast processing tilt
New data for Oil & Gas Journal’s exclusive Worldwide Gas Processing report (beginning on p. 50) show, among other trends, that Middle East gas processing is solidly in third place among the world’s regions, behind the US and Canada.
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A Mideast processing tilt
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Editorial
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The wrong energy fix
Minor tweaks won’t fix the Energy Policy Act of 2005 (EPACT). But no one believes HR 2337 is really about fixing flawed energy law.
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The wrong energy fix
- Area Drilling
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Equip/Software/Lit
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Services/Suppliers
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Editor's Perspective
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Restrained oil investment seen in biofuel push
When the head of the Organization of Petroleum Exporting Countries warns that a global rush toward biofuels might push oil prices “through the roof,” is he issuing a calculated threat or a serious warning?
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Restrained oil investment seen in biofuel push
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Market Journal
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Good year for independent refiners
Although the summer season of gasoline demand in the US has barely started, Eitan Bernstein of Friedman, Billings, Ramsey & Co. Inc., Arlington, Va., said, “It already looks like 2007 will be the best year yet for the independent refiners.”
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Good year for independent refiners
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General Interest
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Refining props up earnings as upstream results weaken
First-quarter 2007 earnings for a sample of companies were mixed, as service and supply firms fared much better than oil and gas producers and refiners based in the US and Canada.
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Themes emerge as Congress works on separate energy bills
Legislative activity at the US Capitol on June 13 centered on the full Senate’s debate of the Democratic leadership’s energy legislation and the House Natural Resource Committee’s approval by 26 to 22 votes of a bill with several provisions that directly affect oil and gas producers and federal regulators.
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WATCHING GOVERNMENT: Hot gasoline fuels hearing
When US Rep. Dennis J. Kucinich (D-Ohio), who chairs the House Oversight and Government Reform Committee’s Domestic Policy Subcommittee, announced that he would hold a hearing on gasoline prices, I was skeptical.
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Energy reform bill approved by US House committee
On June 13 the US House Natural Resources Committee approved HR 2337, the energy reform bill proposed by NRC Chairman Nick J. Rahall (D-W.Va.), after less than a week of markup sessions.
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API lists concerns about House, Senate energy bills
American Petroleum Institute officials expressed concern that provisions before the 110th US Congress could effectively reduce available oil and gas supplies and harm US consumers.
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ACCF: Price-gouging legislation could be costly
Legislation calling for price controls on gasoline could have counterproductive and costly consequences if passed by US Congress, a spokeswoman for the American Council for Capital Formation told reporters in Houston June 13.
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WATCHING THE WORLD: Sea terrorists threaten oil
Even as increased demand strains supplies of crude oil and natural gas around the world, seaborne terrorism continues to pose a major threat of disruption to international deliveries.
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BP: World oil demand growth rate weakened in 2006
Global demand for oil in 2006 saw its weakest growth rate since 2001, at 0.7% or half the average for the past decade, according to BP PLC’s Statistical Review of World Energy 2007, released by the company June 12.
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CSB blames unsafe work practices for oil field blast
Unsafe work practices caused a 2006 fire and explosion in a Mississippi oil field that killed four employees of a contractor and seriously injured a fifth employee, the US Chemical Safety Board concluded in a recently released investigation.
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BLM authorizes natural gas wells on Colorado’s Roan Plateau
The US Bureau of Land Management authorized the drilling of as many as 1,570 natural gas wells over 20 years on part of the Roan Plateau in western Colorado.
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Refining props up earnings as upstream results weaken
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Exploration & Development
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WCSB STRUCTURAL DOMAINS-3: Six domains characterize W. Canada structured belt
This is the third of four parts on the formation of the structured belt in western Canada that encompasses the Rocky Mountains, Foothills, and the western structured portion of the Plains of Western Alberta and Northeast British Columbia.
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WCSB STRUCTURAL DOMAINS-3: Six domains characterize W. Canada structured belt
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Drilling & Production
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BHP Billiton’s Neptune platform sails out to gulf
BHP Billiton Petroleum Inc. launched the hull for the Neptune tension-leg platform (TLP) on May 19, 2007.
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Dynamically positioned monohull flotel under construction
The Ice Maiden will be the first dynamically positioned multisupport construction vessel capable of working anywhere in the world, according to the vessel owner C&M Group.
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BHP Billiton’s Neptune platform sails out to gulf
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Processing
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SPECIAL REPORT: Mideast leads global growth; shift from US, Canada holds
Worldwide natural gas production in 2006 increased by less than 2%, with production in major gas processing countries US and Canada advancing by 0.3% and 0.9%, respectively.
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SPECIAL REPORT: Global markets facing adjustment to surge in LPG supply
LPG production is rising in nearly every region of the world.
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SPECIAL REPORT: Ethane varies by region
Ethane is seldom transported in ships from one region to another due to the high costs of shipping cryogenic products and a general lack of petrochemical demand beyond indigenous supplies.
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SPECIAL REPORT: LNG, liquids projects to push LPG into markets
Future global production of LPG will be greatly affected by the additional natural gas produced in conjunction with liquefaction projects.
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SPECIAL REPORT: Mideast leads global growth; shift from US, Canada holds
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Transportation
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Method determines axial force in subsea pipelines
A new method allows for determination of axial force on subsea pipelines within the context of DNV-RP-F105-2006, expanding the scope of current recommended practices and benefiting both project economics and safety.
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Method determines axial force in subsea pipelines
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