Table of Contents
Oil & Gas Journal
02/19/2007
Volume 105, Issue 7
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Regular Features
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OGJ Newsletter
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Journally Speaking
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Seeking pipeline security
The continued expansion of pipeline construction plans detailed in this issue’s special report, “Worldwide Pipeline Construction,” p. 48, brings with it an increased need to keep the resulting networks operating safely and efficiently.
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Seeking pipeline security
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Editorial
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The US energy surge
The decision announced by US President George W. Bush last month to increase military strength in Iraq by 20,000 troops wasn’t the only surge of January 2007.
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The US energy surge
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Area Drilling
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Equip/Software/Lit
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Editor's Perspective
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Fossil fuel days are over, Turner informs Houston
When an oil company executive comments on energy trends, television people discount the observations on the basis of vested interest.
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Fossil fuel days are over, Turner informs Houston
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Market Journal
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Crude challenges $60/bbl ceiling
The March contract for benchmark US light, sweet crudes jumped to $59.89/bbl Feb. 9, the highest front-month crude closing on the New York Mercantile Exchange since late December, as a frigid cold front embraced the eastern US and a pipeline fire shut in 95% of production at Elk Hills oil and gas field near Bakersfield, Calif.
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Crude challenges $60/bbl ceiling
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General Interest
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Russia’s drive for power-2: Gazprom controls gas exports to Europe, Asia
Gazprom unveiled in September 2005 a short list of five foreign companies being considered as partners in Shtokmanovskoye, a supergiant gas-condensate field located in 350 m of water in the central part of the Barents Sea some 555 km east of Murmansk.
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Producers facing dramatically higher capital costs
The costs of major oil and gas production projects have risen more than 53% in 2 years, and no significant slowing is in sight, said a benchmark index developed by IHS and Cambridge Energy Research Associates (CERA).
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Execs discuss global warming with Turner, Wirth
Energy executives met in a Feb. 7 roundtable discussion with billionaire businessman Ted Turner and Timothy E. Wirth, president of the United Nations Foundation and former US senator from Colorado, to discuss global warming.
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IP Week: Saudis reveal spending plans for next decade
Saudi Arabia will spend $507 billion on energy and infrastructure projects over the next 11 years, a Saudi government official said Feb. 12 at the International Petroleum Week conference in London.
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IP Week: Europe will still receive Russian natural gas
Fears that Russian gas exports will be sent to other markets such as China instead of Europe are overstated, said Julian Lee, senior energy analyst at the Centre for Global Energy Studies, speaking Feb. 14 at the International Petroleum Week conference in London.
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WATCHING GOVERNMENT: Lease billing moves online
The US Minerals Management Service’s proposed budget for fiscal 2008 includes $1.45 million for the first of a 2-year initiative to institute an interactive payment reconciliation and billing system.
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WATCHING THE WORLD: Oil at center of nuke talks
Everyone knows that oil is the tool of choice where diplomacy is concerned, particularly in these days of a reactive market and supposedly depleting supplies.
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EPA targets benzene in its new regulations on toxic emissions
The US Environmental Protection Agency Feb. 9 enacted new Mobile Source Air Toxics regulations designed to significantly decrease toxic fumes from gasoline, vehicles, and fuel containers.
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El Paso to pay $7.7 million for oil-for-food irregularities
Without admitting any wrongdoing, El Paso Corp. said Feb. 7 it will forfeit $5,482,363 and pay a civil penalty of $2.25 million to the US Securities and Exchange Commission in connection with illegal surcharges paid to Saddam Hussein’s government for Iraqi oil under the United Nations’ oil-for-food program.
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BP refinery leads US in carcinogenic emissions, group says
Nine US refineries account for only 15% of the nation’s total capacity but represent one third of the carcinogenic emissions reported by the oil industry, according to a report released Feb. 8 by the Environmental Integrity Project.
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Brazilian E&P boom increases investment opportunities
Oil and gas exploration and production activities in Brazil will increase in the upcoming years as the country beefs up its self-sufficiency efforts.
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Biodiesel tax credits present significant financial incentives if handled properly
US tax credits for biodiesel mixtures can provide significant tax advantages for producers that understand and properly follow the regulations, which continue to be in effect through Dec. 31, 2008.
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Russia’s drive for power-2: Gazprom controls gas exports to Europe, Asia
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Exploration & Development
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Central Wilmington oil field due for denser development
The central part of supergiant Wilmington oil and gas field is in the midst of a redevelopment project in which more than 500 wells drilled in the next few years.
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Conasauga shale gas play grows in Alabama Valley and Ridge
A gas shale play is taking off in northern Alabama on the east side of the Valley and Ridge Province.
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Eastern France CBM well encouraging
European Gas Ltd., Perth, is drilling a second well after reporting “highly encouraging results” from its first coalbed methane stratigraphic well on the St. Avold portion of the Bleue Lorraine Permit in northeastern France.
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Central Wilmington oil field due for denser development
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Drilling & Production
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Approach diagnoses, reduces water cut
Oil field operators have employed numerous treatment methods, both mechanical and chemical, to reduce water production rates.
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Approach diagnoses, reduces water cut
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Transportation
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SPECIAL REPORT: 2007 construction lags 2006, but more projects lie ahead
Planned pipeline construction to be completed in 2007 slipped nearly 13% from the previous year, driven by the 2006 completion of large crude pipelines.
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SPECIAL REPORT: North American LNG-driven pipeline projects
With the expectation of continued growth in LNG imports to the US have come a number of pipeline projects to move regasified material from the terminal to centers of consumption.
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SPECIAL REPORT: 2007 construction lags 2006, but more projects lie ahead
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Print Ad Index
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Supplement to Oil & Gas Journal
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Technology Forum: Pipeline Equipment & Services
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Pipeline integrity concerns pressuring industry to zero-fault mode
Growing concerns over national security, environmental and human safety, and energy supply reliability are stepping up the pressure on the pipeline industry to strive for a zero-fault standard for pipeline integrity.
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Pipeline challenges magnified in arctic, deepwater conditions
The difficulties entailed in pipeline installation, operation, and maintenance are magnified dramatically in the challenging physical and geographical conditions that deepwater and arctic operations present.
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Monitoring, inspection focus of next game-changing technology
Pipeline operators and contractors are focusing much of their attention on potentially game-changing technologies in the areas of continuous monitoring and inspection.
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Pipeline integrity concerns pressuring industry to zero-fault mode
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