In Giant, the 1956 film epic about Texas, there’s a scene where James Dean as Jett Rink examines a showing of crude oil swabbed up by the windmill pumping water for his dry West Texas farm.
As expected, ministers of the Organization of Petroleum Exporting Countries made no production changes at their Feb. 1 meeting in Vienna, despite pressure from the US and other large consuming countries to increase output.
While decommissioning of platforms in the mature UK North Sea represents a looming problem for oil and gas producers, high commodity prices and new technology are extending the lives of some equipment.
Nigeria should financially support indigenous companies in the oil industry to ensure that Nigerians can participate in its development, a senior academic has suggested at the Offshore West Africa Conference.
The $4 billion Nigeria allocated to the Niger Delta for its development over the last 4-5 years has been swallowed up by increased governmental staff wages, security, and corruption, a senior official has said.
The US Department of the Interior’s proposed budget for fiscal year 2009 makes environmental protection a priority while increasing access to domestic oil and gas resources, officials said on Feb. 4.
The US Supreme Court moved one step closer to addressing a $2.5 billion question this term when it placed Exxon Shipping Co. vs. Baker on its docket on Feb. 1 and scheduled arguments for Feb. 27.
Oil and gas activity in Alaska’s Chukchi Sea can occur without threatening polar bears, US Minerals Management Service Director Randall B. Luthi said just a day after environmental and Alaska Native groups sued to block a Feb. 6 lease sale.
The UK should impose a moratorium on its biofuels targets because they are jeopardizing reliable food supply in developing countries and harming the environment, a group of UK parliament members has recommended.
Shell has implemented voluntary reductions on emissions from its refineries, said Shell Oil Co. Pres. John Hofmeister, who is calling for governments to set mandatory limits on greenhouse gas emissions.
The Iraqi government could earn an extra $19.2 billion in revenues this year because of higher oil prices and the revival of the country’s oil industry, according to a US government report.
Although oil companies call their safety programs by different names, operators agree that safety must come first, and that drilling contractors and operators can help one another improve safety.
Corrintec, a division of Cathelco Ltd., reported Jan. 31 the completion of a cathodic protection (CP) survey on the subsea section of the Oleoducto de Crudos Pesados off Ecuador.
Heritage Oil Corp., Calgary, and Tullow Oil PLC are attempting to tap Uganda’s first oil discoveries in what could become Africa’s next oil production megaproject.
One recent announcement on enhanced oil recovery activity is Rex Energy’s plan for starting two alkali-surfactant-polymer (ASP) flood pilots in an old oil field in the Illinois basin.
In the first part of this series, published last week, we began to show how roller cone bit design analysis can predict cone behavior, with heel teeth having equal pitch.
