In a time when media reports focus largely on the negative aspects of business news-corruption, unethical behavior, and the like-it was nice to see some positive news recently.
On Aug. 19 as Dean, the first hurricane of the 2007 season, pounded Jamaica’s south coast, residents of Houston some 1,427 miles away were emptying grocery shelves of bread, bottled water, and other essentials on the remote chance that the storm might come ashore in their vicinity.
As I contemplate attending the Oct. 13 homecoming at Louisiana Tech University to be recognized as a member of the graduating class of 1957, I look back with fond memories.
The US government must use its authority to stimulate timely technical advances and industry investment if it expects to use the nation’s unconventional fuel resources before the overall economy is harmed by global oil supply and demand imbalances, competition for supplies, and higher prices, a government task force concluded.
Environmentalism has long hindered development of the oil and gas industry. But now-in a variety of places around the world-it also has become the means of taking projects away from their developers and putting them into altogether different hands.
Upstream spending on oil and gas operations in China by that country’s three national oil companies jumped to $21.5 billion in 2006 from $12.6 billion in 2004, a greater increase than all of their international spending last year, including acquisitions.
Apparent high bids totaling nearly $290 million were offered for 282 tracts in the western Gulf of Mexico at Lease Sale 204, reported the US Minerals Management Service Aug. 22 from New Orleans.
The Fort Worth basin was noted for prolific oil and gas production long before the discovery of Newark East field in 1981 and the extensive Barnett shale gas play.
Investigation and troubleshooting of foaming in two Saudi Aramco amine sweetening facilities reduced reliance on continuous antifoam injection at the company’s Berri gas plant by identifying the source of the problem.
Ghana needs to complete its domestic pipeline infrastructure before start-up of the 470-MMcfd West African Gas Pipeline if the country is to take full advantage of the new high-volume access to natural gas WAGP will provide.
