I understand that the Association for the Study of Peak Oil & Gas (ASPO) will not always be invited to speak at CERA Week (Cambridge Energy Research Associates annual conference in Houston), but if I had been invited I could have discussed the CERA 2006 forecast of future oil production (Journal of Petroleum Technology, February 2007).
For the first time ever, a front-month contract for benchmark US light, sweet crudes closed above $100/bbl Feb. 19—at $100.01/bbl, up $4.51 for the day—after setting a new intraday record of $100.10/bbl on the New York Mercantile Exchange.
Although the oil and gas industry has always encountered elements of risk, traditional risk meant dry holes, foreign investments, unstable nation states, new ventures, and the occasional natural hazard.
The administration of President George W. Bush sends conflicting signals when it wants to expand purchases for the Strategic Petroleum Reserve despite unusually high prices while vigorously promoting alternatives to end the nation’s “oil addiction,” Democrats on the Senate Energy and Natural Resources Committee charged.
Falling capital efficiency for operators on the UK continental shelf (UKCS) is threatening the area’s global competitiveness for upstream investment, offshore trade association Oil & Gas UK has warned.
Quantity targets to introduce biofuels into the European Union’s energy mix should be scrapped in favor of a low-carbon policy approach, according to a senior environmentalist.
Is Venezuela’s President Hugo Chavez selling off his country’s oil and gas assets to pay off debts? Reports say his government is selling overseas assets owned by Petroleos de Venezuela SA (PDVSA) and its US-based refining branch, Citgo Petroleum Corp.
Total SA plans a $19 billion capital expenditure for this year, with refining and marketing accounting for $2.5 billion and petrochemicals $1.3 billion.
Imperial Oil Ltd., Calgary, has named B.H. March, currently president, to succeed current Chairman and Chief Executive Officer T.J. Hearn, who will retire Mar. 31.
Rapid development progress at giant Pinedale and Jonah gas fields in Southwest Wyoming is evident in the year-end financial and operating figures of Ultra Petroleum Corp., Houston.
EOG Resources Inc. booked 21 million boe of proved reserves in Parshall field in the North Dakota Bakken shale oil play by yearend 2007 and is still comfortable with its previous estimate that net reserves will eventually reach 80 million bbl.
Philadelphia operator Atlas Energy Resources LLC said it has determined that it could ultimately recover 4 to 6 tcf of natural gas from the Devonian Marcellus shale on its properties mostly in southwestern Pennsylvania.
This article examines the difference in axial stresses of aluminum and steel tubulars during drilling and concludes that aluminum tubulars can reduce cost and extend the reach of drilling operations.
This article describes a procedure to include the effect of aromatics on rvp blending calculations and presents the pertinent data for these calculations.
Proper chemicals allow safe and economical cleaning and emptying of a large crude line using compressed air, rendering the line hydrocarbon free with a lower explosion level for the air inside the line of 0%.
