Table of Contents
Oil & Gas Journal
03/24/2008
Volume 106, Issue 12
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Regular Features
- OGJ Newsletter
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Letters
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Enterprise drives exploration
The letter “Peak-oil context” by Michael Lynch correctly points out that large additional reserves continue to be added to the world’s capacity, despite statements that the “elephants” have all been found.
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Enterprise drives exploration
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Journally Speaking
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Gas price logic
It’s March. Gasoline demand is weak, and inventories of the fuel are comfortable with higher imports, but the price is close to $1/gal higher than it was this time last year.
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Gas price logic
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Editorial
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Attention to cost
Economic gloom fast engulfing the US economy contains at least one reason for hope.
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Attention to cost
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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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EPA, Congress share blame for high fuel prices
Congressional oil-price inquisitions target the wrong people. Government officials, not oil-company executives, should have to answer for zooming prices.
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EPA, Congress share blame for high fuel prices
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Market Journal
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Measuring ‘extreme’ oil prices
For seven sessions Mar. 5-13, the front-month crude contract consecutively set record high prices on the New York Mercantile Exchange as the US dollar fell to record lows vs. the euro and a 12-year low against the Japanese yen.
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Measuring ‘extreme’ oil prices
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General Interest
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SPECIAL REPORT: GTL, CTL finding roles in global energy supply
Interest in Fischer-Tropsch (F-T) chemistry and associated technologies such as gas-to-liquids (GTL) and coal-to-liquids (CTL) continues to grow worldwide.
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Producers’ profits higher in fourth quarter, flat in 2007
The combined fourth-quarter 2007 (4Q07) earnings of a sample of US-based oil and gas producers and refiners increased from a year earlier.
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US Senate votes to extend OCS, oil shale moratoria
The US Senate voted Mar. 13 to extend moratoria on federal oil and gas leasing on most of the Outer Continental Shelf as well as on developing oil shale resources.
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WATCHING GOVERNMENT: Colorado using the moratorium
Several coastal states have used the congressionally imposed federal leasing moratorium for about 30 years to keep oil and gas activity away from their shores.
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Inquiry launched into DOJ plea agreement with BP
Two leading Democrats on the US House Energy and Commerce Committee announced an investigation into the US Department of Justice’s Oct. 22 plea agreement with BP concerning the company’s violations of federal Clean Air Act provisions.
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Worldwide oil, gas transactions, total value dips
The total transaction value for worldwide upstream corporate and asset deals slipped to $154 billion in 2007 compared with $166 billion in 2006, consultants said in an annual report.
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NPRA: Valero looking to sell three refineries
Valero Energy Corp. is conducting a “strategic alternative review” of three of its refineries in an effort to possibly sell them, according to Chief Executive Officer Bill Klesse.
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Gulf lease sales attract $3.7 billion in high bids
Two federal sales of offshore oil and natural gas leases in the eastern and central planning areas of the Gulf of Mexico have attracted a total of more than $3.7 billion in apparent high bids.
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WATCHING THE WORLD: Switzerland irks US with gas deal
Switzerland is not a household word for most people in the oil and gas industry.
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SPECIAL REPORT: GTL, CTL finding roles in global energy supply
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Exploration & Development
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BC’s Muskwa shale shaping up as Barnett gas equivalent
An Upper Devonian shale gas play, emerging the past 2-3 years in remote northern Northeast British Columbia, has the potential to become one of North America’s larger gas fields.
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New York to get Utica shale exploration
Gastem Inc., Montreal, took a farmout from Utica Energy LLC, private New York operator, to drill one horizontal and five vertical wells in New York state by Jan. 16, 2009.
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BC’s Muskwa shale shaping up as Barnett gas equivalent
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Drilling & Production
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DEEPWATER ESP—1: Subsea, downhole 1,200-hp ESP produces Jubarte well off Brazil
To produce the heavy oil from the JUB-6 well in the Jubarte field off Brazil, Petrobras decided to install the highest horsepower electric submersible pump (ESP) yet installed subsea.
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Tools aid discovery of fatigue cracks
A suite of examination techniques is used to discover fatigue cracks in drilling components.
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DEEPWATER ESP—1: Subsea, downhole 1,200-hp ESP produces Jubarte well off Brazil
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Processing
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StatoilHydro Angola assays Mondo crude
StatoilHydro Angola conducted an assay of the Mondo crude, which is part of the Kizomba C development that started production in January 2008, off Angola.
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StatoilHydro Angola assays Mondo crude
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Transportation
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Study addresses black powder’s effects on metering equipment
Preventing black powder contamination from damaging a gas pipeline’s metering system requires regular dismantling and cleaning of its metering instruments, manifolds, impulse lines, and associated facilities.
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Study addresses black powder’s effects on metering equipment
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