Environmental cleanup funds rarely generate much attention. But the Oil Field Cleanup Fund (OFCU), under authority of the Texas Railroad Commission, (RRC) has been the subject of debate for more than a year.
While addressing mortgage debt deemed “toxic” in a desperate effort to rescue the US economy, Congress somehow saw fit to raise toxicity of the political climate for oil and natural gas.
Front-month crude plunged $10.52/bbl Sept. 29 as the House of Representatives rejected a $700 billion plan to resolve the most severe threat to the US economy since the Great Depression.
Innovative entrepreneur Gennady “Gene” Moshkovich has established several companies that cater to various aspects of the oil industry, especially desulfurization: He currently is CEO of DS2Tech Inc.
Russian Energy Minister Sergei Shmatko said Kazakhstan’s state-owned oil pipeline operator KazTransOil is interested in transporting Kazakh oil through Russia’s East Siberia-Pacific Ocean pipeline.
Indonesia’s declining oil production, as well as its recent departure from the Organization of Petroleum Exporting Countries, is the result of political uncertainty in the country, according to a media report.
Egypt has awarded a drilling contract to the recently formed Egyptian Offshore Drilling Co. (EODC), a joint venture of Toyota Tsusho 50%, Egyptian Natural Gas Holding Co. 35%, and Ganoub El-Wadi Petroleum Holding Co. 15%.
Chesapeake Energy Corp., Oklahoma City, along with Petrohawk Energy Corp. and ATP Oil & Gas Corp., both of Houston, are cutting their drilling budgets and focusing on their best prospects due to the deteriorating economy and declining demand.
Pressure on domestic wholesale natural gas prices this winter heating season will mirror last year’s because producers have drilled more wells, and technology has helped them improve recovery rates, the Natural Gas Supply Association said in its annual forecast on Oct. 2.
Last month the African Union Commission and the European Commission jointly established an Africa-European Union energy partnership that could attract more than €1 billion in EU funds for concrete energy investments in Africa.
Reliance Industries Ltd., Mumbai, and Niko Resources Ltd., Calgary, began a new chapter in India’s hydrocarbon production with the startup of MA oil field in the Krishna-Godavari basin in the Bay of Bengal.
Rift Oil PLC reported a flow of 29.2 MMcfd of gas during a test in its Puk Puk-1 wildcat on Papua New Guinea permit PPL 235 in the country’s Western Province.
Eni SPA plans to develop on a fast-track basis its offshore discoveries in the Sicilian Strait following test results of 170,000 cu m/day of natural gas from the Argo 2 well.
Nido Petroleum Ltd., Perth, said its Yakal-1 wildcat in SC54 of the Northwest Palawan basin off the Philippines has encountered a 66-m gross oil column.
Shell has developed open standards software to fill the gap of moving distributed-temperature sensing (DTS) data from the wellsite to the engineer’s office desktop.
A recent study found that the more accurate methods for analyzing hydrogen consumption are the feed-total liquid product (TLP) H-content analysis and chemical analysis methods.
Limitations in the original Ln-Sec equation prompted development of a modified equation better suited thru the original equation for remaining life assessments.
