Regular Features
- OGJ Newsletter
  - OGJ Newsletter
- Journally Speaking
  - Energy and litigation
    Oil and gas companies have long worried about where they’ll find the geologists and engineers they’ll need in the future, but there’s another group of professionals whom they apparently also need to recruit-lawyers.
- Editorial
  - Oil and instability
    The next time anyone complains about oil from “unstable” countries, check the US Congress.
- Equip/Software/Lit
  - Equipment/Software/Literature
- Services/Suppliers
  - Services/Suppliers
- Editor's Perspective
  - Europe pressing failed approach to global warming
    In the battle over what to do about global warming, alarmists are trouncing deniers.
- Market Journal
  - NYMEX crude breaks $55/bbl price support
    The February contract for benchmark US light, sweet crudes broke through former market support at $55/bbl to close at $54.02/bbl, down $1.62 for the day, after trading at $53.44-55.81/bbl Jan. 10 on the New York Mercantile Exchange.
General Interest
- COMMENT: EU energy investment drops as development obstacles rise
  The European Commission, which aims to devise a “European strategy for sustainable, competitive, and secure energy,” published a green paper in March 2006 to that effect, suggesting that “Europe has not yet developed fully competitive energy markets.
- EC proposes legislation to enforce utility unbundling
  The European Commission has proposed enforcing full ownership unbundling of gas and electricity infrastructure via new legislation as one of its measures to help facilitate an internal energy market in Europe.
- EBRD withdraws financial support for Sakhalin-2
  The European Bank for Reconstruction & Development (EBRD) will not offer financial support for the controversial Sakhalin-2 oil and gas project in Russia following the change in majority control of Sakhalin Energy Investment Co. (SEIC), the company behind the $20 billion proposal.
- EIA forecasts another wave of growth in US LNG imports
  Despite declining volumes in the last 2 years, US LNG imports should experience another wave of growth in the next 2 years, the US Energy Information Administration predicts.
- WATCHING THE WORLD: China courts Myanmar
  Myanmar has recently been hitting the news, both for its oil and natural gas as well as for alleged human rights abuses.
- House Democrats’ bill to repeal oil, gas tax incentive
  US House Democrats introduced legislation on Jan. 12 to repeal a pair of oil and gas tax incentives and put pressure on holders of Gulf of Mexico deepwater leases issued in 1998 and 1999 without price thresholds to renegotiate terms.
Exploration & Development
- SPECIAL REPORT: Water issues overshadow Powder River coal gas play
  Wyoming’s Powder River basin coalbed methane development began its third decade in 2006 with vast gas potential and environmental challenges.
Drilling & Production
- DRILLING MARKET FOCUS: Spending increasing on new yards, new rigs, company acquisitions
  Drilling rig contracts are lengthening, in response to increasing demand, reduced rig availability, and long lead times for new construction.
- Canadian spending outlook for 2007 slightly depressed
  Spending may be slightly depressed in Canada for 2007, relative to 2006, but $22 billion (Can.) will still drill many wells.
- Floating production system orders spike in late 2006
  >Orders for production floaters spiked in second-half 2006, according to International Maritime Associates Inc.’s 4-month update of worldwide floating production systems.
Processing
- Study evaluates link between environmental performance, profits of Canadian refiners
  A study conducted on the Canadian refining industry for 1993-2003 showed a positive correlation between environmental performance and profitability.
Transportation
- ENVIRONMENTAL MITIGATION-Conclusion: Habitat replacement increases flora-fauna diversity, abundance
  Habitat replacement areas used by Gulfstream Natural Gas System LLC on the Gulf of Mexico seafloor have provided habitat for both the recruitment of sessile epifauna-epifora and use by a substantial demersal and commercially important fish community.
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