Thanks to “a guy working on hydraulic pressure in Italian Renaissance water gardens, we have the combustion engine,” said James Burke in his book “Connections.
The ALTOSONIC III, a three-beam custody transfer ultrasonic flowmeter, is intended to replace turbines and other type meters in the fiscal measurement of light liquid hydrocarbons.
Although there were no production adjustments at their Nov. 29 consultation in Cairo, members of the Organization of Petroleum Exporting Countries did note the rapid deterioration of demand prospects since their Oct. 24 agreement to reduce production effective Nov. 1.
The problem with being president of the United States is that the holder of the office must balance priorities, make ultimate compromises, and still lead.
In the coming decades, demand for energy in the world will increase significantly, while access to “easy oil” will become more difficult, and the threats of global warming will continue to grow.
Oil companies are rearranging and fine tuning their alternative energy assets to determine which ones they want to pursue for pilot demonstration projects and eventual commercialization, an industry consultant believes.
Russian producers and the government have been hit hard by a crude export tax system that has proven incapable of coping with the rapid drop in oil prices that started in early July.
US natural gas is expected to trade at $5-6/MMbtu over the next 5 years, said an executive of Wood Mackenzie Ltd., Edinburgh, at a recent energy forum sponsored by that firm in Houston.
Libya will supply 17.37% of Africa’s regional oil supply by 2012, while accounting for about 7.45% of African oil demand, according to a recent BMI analyst report.
No one can be sure if Santa Claus exists, but oil and gas companies may soon find out as more of them head toward the North Pole in the search for new reserves.
Two congressional Republicans are poised to move into important positions for the oil and gas industry as the US Senate and House change committee assignments.
Two congressional Republicans are poised to move into important positions for the oil and gas industry as the US Senate and House change committee assignments.
Saudi Aramco, continuing to review and delay development projects in the light of the global financial crisis, has cancelled plans for a $1.2 billion project to restart production from its historic Dammam oil field.
Record oil prices in July and strong refining margins in September resulted in a surge in earnings for a group of US-based oil and gas producers and refiners for the third quarter of this year.
Tullow Oil PLC (“Tullow”) said its recent shallow-water Ebony discovery in the Gulf of Guinea off Ghana could be an indication of further prospectivity in deeper water.
Research Partnership to Secure Energy for America (RPSEA), Sugar Land, Tex., has requested industry proposals for projects on gas shales, coalbed methane water management, and tight sands.
Laboratory tests and a field trial in Carmopolis field in northeastern Brazil verified that a self-powered, wireless torquemeter provided a new and better method for determining the reducer torque in a beam pumping unit.
