Regular Features
- OGJ Newsletter
  - OGJ Newsletter
- Journally Speaking
  - Struggling to be green
    On Dec. 13, the US Senate passed a revised energy bill that included a large expansion of the federal motor fuel ethanol mandate (OGJ Online, Dec. 18, 2007).
- Editorial
  - More politics, less energy
    The US oil and gas industry can find little consolation in last week’s passage of energy legislation that could have been worse.
- Area Drilling
  - Area Drilling
- Equip/Software/Lit
  - Equipment/Software/Literature
- Editor's Perspective
  - Some dislike oil companies; some just dislike oil
    While battling recently against misguided energy legislation, a veteran oil and gas industry representative observed, “They’re trying to put us out of business.
- Market Journal
  - Economic factors whiplash energy prices
    The January crude contract for US light, sweet crudes climbed to $94.85/bbl Dec. 12 on the New York Mercantile Exchange before closing at $94.39/bbl, up $4.37 in the biggest 1-day gain since Jan. 30 and the highest closing since Nov. 27, after the US Federal Reserve said it would make $24 billion available to European central banks to spur economic growth.
General Interest
- SPECIAL REPORT: Oil, gas reserves inch up, production steady in 2007
  Worldwide oil and gas reserves grew marginally from a year ago, and oil production declined slightly during 2007, according to Oil & Gas Journal’s annual survey.
- Deloitte: Stanislaw sees changing role for oil companies
  Oil and gas companies might want to redefine themselves as high-technology companies given growing public awareness of climate change and energy security, said energy consultant Joseph Stanislaw in a report entitled “Climate Change and Energy Security: The Future is Now.”
- Deloitte: Consumers, oil execs differ on solutions
  Oil and gas executives and consumers often disagree about how US energy challenges should be resolved, said results of a survey commissioned by Deloitte & Touche USA LLP.
- Deloitte: Sieminski forecasts $80/bbl oil in 2008
  Deutsche Bank AG Chief Energy Economist Adam Sieminski expects that light, sweet crude prices will average $80/bbl on the New York Mercantile Exchange in 2008.
- Deloitte: NOCs seeking broader services, technology
  National oil companies are seeking broader service capabilities and more technology, and this trend could prompt more consolidation among service companies, a speaker told the Deloitte & Touche USA LLP oil and gas conference Dec. 12.
- Senate passes energy bill, drops two major provisions
  The US Senate Dec. 13 passed an energy bill that does less than many Democrats had hoped but stands a greater chance of being signed into law.
- WATCHING GOVERNMENT: Lugar: Energy needs attention
  The winner of the 2008 presidential election will need to take bold steps to address energy and climate change problems despite the absence of substantive discussions from the current campaigns, said US Sen. Richard G. Lugar (R-Ind.) on Dec. 18.
- WATCHING THE WORLD: Sino-Russian ‘cooperation’
  China’s ambassador to Russia, Liu Guchang, recently said that there are broad prospects for cooperation on oil and gas between the two countries.
Exploration & Development
- Chile awards E&P rights for Magallanes blocks
  Chile has awarded oil and gas exploration and production rights to foreign companies that will invest at least $267 million each in the southern Magellan region.
Drilling & Production
- UNCONVENTIONAL GAS TECHNOLOGY—2: Custom technology makes shale resources profitable
  Low permeability shales are unconventional gas reservoirs that are being more efficiently exploited with newly developed production technologies.
Processing
- SPECIAL REPORT: Global refining capacity increases slightly in 2007
  Worldwide in 2007, the number of refineries remained stable, while global capacity increased slightly.
Transportation
- US offshore LNG terminals face technical, political maze
  Experience to date with US offshore LNG projects teaches critical lessons and offers many clues for where the offshore LNG market is heading.
- Pemex system integration improves crude management
  Pemex used internal resources to design a cost-effective system based on open communication protocols and software to manage its crude oil inventory and track changes and fluctuations with real-time data across a large and disparate pipeline system.
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