Table of Contents
Oil & Gas Journal
12/22/2008
Volume 106, Issue 48
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Regular Features
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OGJ Newsletter
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Journally Speaking
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Commodity prices, field costs
Operating companies aren’t among the businesses in the US asking for taxpayer dollars to be bailed out due to historic fluctuations in oil and gas prices the past 2 years.
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Commodity prices, field costs
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Equip/Software/Lit
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Services/Suppliers
- Advertisers’ Index
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Editor's Perspective
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Smelly political, financial reports gag Democrats
Not that Republicans haven’t exploded their share of stink bombs in recent years, but the week ending Dec. 12 was especially malodorous for Democrats.
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Smelly political, financial reports gag Democrats
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Market Journal
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Another year without Santa
With the Christmas holidays approaching, members of the oil and gas industry are anticipating stockings full of rocks from the new Santa-elect in Washington, DC, while other industries’ wishes for bundles of cash will come true.
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Another year without Santa
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General Interest
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Editorial: Confusion in a rocky year
A rocky year in the oil market approaches its end with important, if confusing, developments.
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New estimates boost worldwide oil, gas reserves
Larger estimates for Venezuela have increased worldwide oil and gas reserves from previous estimates, according to Oil & Gas Journal’s annual survey of proved reserves.
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Deloitte: Oil demand growth will outlast ailing economy
An ailing global economy will stall oil demand growth for a while, but industry must prepare itself to fulfill long-term growing global oil demand, speakers said Dec. 10 at Deloitte LLP’s energy conference in The Woodlands, north of Houston.
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Deloitte: US needs 50-year energy strategy
A national energy council should be established in the US to develop a 50-year energy strategy, with the council developing benchmarks to monitor progress and making regular public reports, said economist Joseph Stanislaw.
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Deloitte: Oil executives show support for alternative fuels
Most senior oil and gas professionals participating in a recent survey said they are thinking increasingly about how their companies can participate in a US transition to renewable energy and alternative fuels.
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House panel chairmen: CWA enforcement has declined
Enforcement of the federal Clean Water Act has deteriorated badly under the Bush administration, two US House committee chairman charged on Dec. 16. Violations involving oil spills make up nearly half of the CWA violations which have been detected but not addressed, they added.
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Watching Government: Colorado’s new oil and gas rules
Want a glimpse of one of 2009’s potentially biggest domestic production issues?
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EU reaches ‘three 20s’ energy-climate agreement
The 27-nation European Union reached a unanimous agreement on the climate-energy package at its Dec. 11-12 summit.
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COMPANY NEWS: Nippon Oil, Nippon Mining to merge
Japan’s leading refiner Nippon Oil Corp. and sixth-ranked Nippon Mining Holdings Inc., faced with sluggish domestic demand for gasoline, plan to merge into a holding company.
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Watching World: Shell pauses Corrib project
I n the oil and gas business there are times when projects come to a standstill or even halt altogether.
- PERSONNEL MOVES AND PROMOTIONS: XTO names president, chief executive officer
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Editorial: Confusion in a rocky year
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Exploration & Development
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Southwestern to probe new areas, won’t accelerate Fayetteville in ‘09
Southwestern Energy Co., Houston, which had planned to accelerate its Mississippian Fayetteville shale play in Arkansas in 2009, will instead keep about the same level of activity as in 2008.
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New Zealand offers Northland, Raukumara blocks
New Zealand Crown Minerals offered six exploration blocks in the Northland basin northwest of Auckland and two off East Cape in the Raukumara basin off the North Island.
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Busy 2009 seen in western Newfoundland
Vulcan Minerals Inc., St. John’s, expects a busy year in several exploration plays in Newfoundland and Labrador in 2009.
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More West Texas overthrust exploration set
Cantex Energy Corp., San Antonio, in partnership with Big Canyon Energy, signed an exploration and development agreement with Slawson Exploration Inc., Wichita, covering the Big Canyon prospect in Terrell County, Tex.
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Southwestern to probe new areas, won’t accelerate Fayetteville in ‘09
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Drilling & Production
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Triangle developing shale gas onshore NS
Calgary’s Triangle Petroleum Corp. is using expertise honed in Texas’ Barnett shale and Arkansas’ Fayetteville shale to develop shale gas resources in eastern Canada’s Maritimes basin.
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Thermal heavy-oil recovery projects succeed in Egypt, Syria
To increase oil recovery from existing fields, operators in both Egypt and Syria have started producing heavy oil with thermal enhanced oil recovery processes.
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Triangle developing shale gas onshore NS
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Processing
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Worldwide refining capacity growth rises again in 2008
In 2008, growth in crude distillation capacity continued to build on momentum of past years; refiners added more capacity than the past 2 years, according to the latest OGJ Refinery Survey.
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Worldwide refining capacity growth rises again in 2008
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Transportation
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Serbian, Russian pipeline accord enhances European gas security
Energy agreements reached earlier in 2008 between Serbia and Russia enhance the security of European natural gas supply, despite perceived competition between the South Stream pipeline (included in these agreements) and the Nabucco pipeline.
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Serbian, Russian pipeline accord enhances European gas security
