Table of Contents
Oil & Gas Journal
03/05/2007
Volume 105, Issue 9
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Regular Features
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OGJ Newsletter
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Journally Speaking
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Psychology of terminology
Working for an American magazine has really driven home for me the differences in American and British English.
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Psychology of terminology
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Editorial
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Politics of independence
Politicians who make “energy independence” a target of US governance say much about themselves.
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Politics of independence
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Area Drilling
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Equip/Software/Lit
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Services/Suppliers
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Editor's Perspective
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Want lower oil imports? Expand federal leasing
The White House, Senate, and House of Representatives all want to reduce US dependency on foreign oil-in the most expensive ways possible.
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Want lower oil imports? Expand federal leasing
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Market Journal
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Crude futures price tops $61/bbl
The April contract for benchmark US light, sweet crudes blew past $61/bbl to a 7-week high in intraday trade Feb. 22 in New York, following reports of a precipitous drop in US gasoline inventories and stronger defiance by Iran of the United Nations deadline to end its uranium enrichment program.
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Crude futures price tops $61/bbl
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General Interest
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Companies take steps to avoid bribe hazards
Risks inherent in multibillion-dollar overseas oil and gas deals include the chances of violating the US Foreign Corrupt Practices Act (FCPA).
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PHMSA chief wants review of pipeline inspection intervals
The top oil and gas pipeline regulator in the US wants operators to use inspection programs that do the best job of determining their systems’ condition.
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IOGCC: US petroleum workforce size increasing
Government and industry are making progress in increasing the number of qualified petroleum professionals in the US, says the Interstate Oil & Gas Compact Commission in a new report.
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WATCHING GOVERNMENT: Republicans challenge IG
US Department of the Interior Insp. Gen. Earl E. Devaney intended to mention reforms that have been implemented as well as problems he has identified at DOI when he came before the House Natural Resources Committee on Feb. 16.
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IFP: Oil, natural gas prices to remain high for 2007-08
Oil prices should remain at the $50-55/bbl level over this year and possibly part of 2008, interspersed with periods of tension, and thereafter continue to rise on the back of strong demand, constrained supply, and continuing refining tensions, reported Institut Français du Pétrole (IFP) in its 2007 Panorama presented in Paris last month.
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DOJ fines Vetco units record $26 million in FCPA case
Three Vetco International Ltd. subsidiaries pled guilty to violating antibribery provisions of the Foreign Corrupt Practices Act and agreed to pay $26 million-the largest criminal fine in an FCPA prosecution by the US Department of Justice so far, Deputy Atty. Gen. Paul J. McNulty reported Feb. 6.
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WATCHING THE WORLD: Japan voices gas concerns
In a meeting with Russian Industry and Energy Minister Viktor Khristenko, Japanese Foreign Minister Taro Aso last week asked Russia to ensure Japan’s supply of LNG from the Sakhalin-2 oil and natural gas project.
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S&P’s: Refiners face capacity upgrade challenges
The global refining industry faces the challenges of upgrading its capacity to produce less-polluting fuels while processing increased volumes of poorer-quality crudes, Standard & Poor’s said in a recent special report on fluctuating oil prices.
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Companies take steps to avoid bribe hazards
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Exploration & Development
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GLOBAL OFFSHORE OIL-1: Exploration trends show continued promise in world’s offshore basins
The production performance of the global offshore has been remarkable, and it has not reached its full potential.
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GLOBAL OFFSHORE OIL-1: Exploration trends show continued promise in world’s offshore basins
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Drilling & Production
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SPECIAL REPORT: Remote monitoring, control enable smart-field in Gabon
Wireless technology is a critical component in “smart-field” operations, such as in producing fields operated by Shell in Gabon, West Africa.
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SPECIAL REPORT: Software continuously estimates each well’s production
Software installed in several Shell operated oil and gas fields transforms real-time data from commodity instrumentation via supervisory control and data acquisition (SCADA) systems and distributed control systems (DCS) into estimates of oil, water, and gas rates for all wells continuously.
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SPECIAL REPORT: Rod-pump automation increases oil rates in Sumatran field
Resizing pumps, installing rod-pump controllers (RPCs), and monitoring and analyzing wells remotely with software specific for that purpose increased operational efficiency in Balam South field on Sumatra Island, Indonesia.
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SPECIAL REPORT: Remote monitoring, control enable smart-field in Gabon
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Processing
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EPA proposes elimination of current MACT policy
On Jan. 3, 2007, the US Environmental Protection Agency (EPA) published a proposed rule in the Federal Register that would eliminate its “once in, always in” policy on maximum achievable control technology (MACT) standards.
- Nelson-farrar cost indexes
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EPA proposes elimination of current MACT policy
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Transportation
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DECOMMISSIONING-Conclusion: Regulators must possess early risk-assessment understanding
It is essential that pipeline regulators considering risk-based remediation plans understand early the nature and complexity of the risk assessment to be performed as part of abandonment and whether or not this approach is conducive to unconditional closure of a site.
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DECOMMISSIONING-Conclusion: Regulators must possess early risk-assessment understanding
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