I’d like to point out two small inaccuracies in a very good survey by David Wood in “Part 1: Russia seeks global influence by exploiting energy geopolitics”.
Energy commodity prices fell Feb. 14-15 as traders in the New York market focused on a smaller-than-expected drawdown of US distillate stocks but shrugged off a near-record withdrawal of natural gas from US underground storage during the coldest week of this winter.
As crude oil prices rose above $50/bbl last year, interest revived in the use of Fischer-Tropsch (F-T) technology to produce transportation fuels from coal.
Public and government emphasis on renewable and other alternative energy resources was a frequent topic of discussion during the opening session of the annual world energy conference in Houston hosted by Cambridge Energy Research Associates.
Russia’s deputy minister of industry told the Cambridge Energy Research Associates convention in Houston that formation of an international gas cartel is not imminent.
Venezuela’s grandiose President Hugo Chavez plans to support London’s transport system with subsidized oil, and he’s doing it on the invitation of the city’s embattled mayor, Ken Livingstone.
The challenges of satisfying world energy demand require substantial, sustained investments, US Sec. of Energy Samuel W. Bodman told an annual executive conference in Houston sponsored by Cambridge Energy Research Associates.
Production of oil and natural gas from the UK Continental Shelf fell by 9% to 2.95 million boe/d in 2006 compared with 2005 because of technical and commercial difficulties, according to a survey by the UK Offshore Operators’ Association.
An exploration and production contract inked Feb. 5 by Petroleo Brasileiro SA (Petrobras) with Senegal for the exploration of two blocks means that the Brazilian state-owned firm now operates in five African countries: Angola, Libya, Tanzania, Equatorial Guinea, and Nigeria.
Norwood Resources Ltd., Vancouver, BC, discovered gas-condensate and light oil in eight zones in what could be Nicaragua’s first potentially commercial discovery.
A small independent is pursuing the drilling of an oil prospect that could hold several million barrels of oil in the Forest City basin in southeasternmost Nebraska.
A new numerical model predicts the amount of H2S and CO2 absorbed per volume of different glycols circulated vs. the partial pressure of acid-gas components and the absorber’s temperature.
Historical contamination and future land-use plans for an abandoned pipeline location and its facilities can significantly affect the time line of leave-to-abandon proceedings.
The outlook for a continued tight oil and natural gas supply/demand balance suggests a bright outlook for the worldwide drilling industry for the foreseeable future.
While safety has been uppermost in the minds of drilling industry personnel for years, the industry’s safety performance has been relatively flat in recent years, according to statistics tracked by the International Association of Drilling Contractors (IADC).
