Oil & Gas Journal Articles, Jul 2007

Regular Features
- OGJ Newsletter
  - OGJ Newsletter
- Journally Speaking
  - UK decommissioning issues
    Tidying and simplifying the rules on decommissioning oil and gas facilities in the UK North Sea is one of the pressing issues facing John Hutton, the new minister to lead the Department for Business, Enterprise, and Regulatory Reform (DBERR), formerly known as the Department for Trade & Industry.
- Editorial
  - Iran’s gasoline fracture
    From the perspective of the US and other nations hoping for stability in the Middle East, regime change would be more than welcome in Iran.
- Area Drilling
  - Area Drilling
- Equip/Software/Lit
  - Equipment/Software/Literature
- Services/Suppliers
  - Services/Suppliers
- Editor's Perspective
  - Ethanol’s fans are dodging the food-cost issue
    Consumers worry more about rising prices of corn flakes and milk than about the extent to which the cost of one ingredient affects all food.
- Market Journal
  - Crude tops $70/bbl on NYMEX
    The August contract for benchmark US light, sweet crudes pushed past $70/bbl June 29 on the New York Mercantile Exchange to its highest level in 10 months due to declines in US gasoline and distillate fuel supplies despite an increase in refining capacity.
General Interest
- POINT OF VIEW: Fusion of climate models and geology adds insight
  Geologic knowledge can provide vital information for scientists modeling the climate, said Eric J. Barron, dean of the Jackson School of Geosciences at the University of Texas, Austin.
- Loss of three companies could hurt Venezuelan investment
  The withdrawal of ExxonMobil Corp., ConocoPhilips, and Petro-Canada from Venezuela under government pressure to nationalize private industry in that country could potentially limit the development of four heavy-crude projects, that could produce 600,000 b/d from the Orinoco reserve, analysts say.
- ‘Blue Dog’ energy plan counters House speaker’s program
  As she promised in January, US House Speaker Nancy Pelosi (D-Calif.) announced a wide-ranging energy legislation package on June 28.
- US House votes to delay oil shale leasing, development
  The US House voted June 27 to delay for at least a year oil shale leasing and development required under the 2005 Energy Policy Act (EPACT).
- New seismic data needed to make OCS decisions
  Seismic data that are not several decades old are needed before the US Minerals Management Service’s new 5-year plan for Outer Continental Shelf oil and gas leasing is acceptable, a House subcommittee chairman said as he opened a hearing on the plan.
- MMS royalty in-kind program exceeds revenue goals
  The US Minerals Management Service’s crude oil and natural gas royalty in-kind program continued to exceed its goals during fiscal 2006, reported the Department of the Interior June 28.
- COMPANY NEWS: Linn Energy to buy Dominion’s US Midcontinent E&P assets
  Linn Energy LLC agreed to buy certain natural gas and oil exploration and production operations in the US Midcontinent from Dominion for $2.05 billion.
- WATCHING THE WORLD: Chavez courts Russia, Iran
  Venezuelan President Hugo Chavez returned home last week, fresh from visits that sought to strengthen political ties with fellow oil producers Russia and Iran.
- PERSONNEL MOVES AND PROMOTIONS: Aztec Oil & Gas elects CEO and chairman
  Aztec Oil & Gas Inc. has elected Franklin C. Fisher Jr. chief executive officer and chairman, effective July 15.
Exploration & Development
- CHINA THRUST BELT EXPLORATION-1: Oil discovery revives China foreland basin after long lull
  Located in the northern edge of the Qilian Mountain fold belt in western China, the Jiuxi basin is a Mesozoic-Cenozoic foreland basin with Lower Cretaceous source rocks and Tertiary-Cretaceous reservoirs.
Drilling & Production
- SPECIAL REPORT: Alberta bitumen development continues its rapid expansion
  The number of projects planned for developing the vast bitumen resources in Alberta’s oil sands continues to grow.
Processing
- SPECIAL REPORT: Canadian, US processors adding capacity to handle additional oil sands production
  Refiners in the US and operators in Canada are adding capacity to handle additional volumes of bitumen and synthetic crude oils from increased oil sands production.
Transportation
- European gas-supply security hinges on solving LNG issues
  “Energy security” has become a key word in understanding European politics.
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Issue 26

Table of Contents

Oil & Gas Journal

Regular Features

OGJ Newsletter

Journally Speaking

Editorial

Area Drilling

Equip/Software/Lit

Services/Suppliers

Editor's Perspective

Market Journal