Table of Contents

Oil & Gas Journal

09/07/2009
Volume 107, Issue 33
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  • Regular Features

    • OGJ Newsletter
    • Letters

      • Fully informed markets?
        The editorial "Politics and fuel choice" hit a point with me as you noted, "Energy choices are best left to free markets, fully informed" (OGJ, Aug. 10, 2009, p. 18).
    • Journally Speaking

      • CARS effects are mixed
        Back in the 1930s during the Great Depression, humorist Will Rogers once cracked that Americans are the only people in the world to drive themselves to the poor house.
    • Market Journal

      • Crude finds 'comfortable' price range
        The "most comfortable" range for crude prices would be $65-75/bbl—"$10/bbl below the minimum of what is the desired price in broad terms for the key producers" within the Organization of Petroleum Exporting Countries, said Paul Horsnell, a managing director and head of commodities research at Barclays Capital in London.
    • The Editor's Perspective

    • Equipment/Software/Literature
    • Services/Suppliers
    • Advertisers' Index
  • General Interest

    • INTERNATIONAL PETROLEUM AGREEMENTS-1: Politics, oil prices steer evolution of deal forms
      In years of oil scarcity and high prices (particularly in 1979 and 1980), international oil companies (IOCs) competed fiercely among themselves and were forced to accept very harsh terms, even on marginally attractive prospects.
    • Study lists House clean air bill's possible refining impacts
      US refining investments could plunge because of soaring business costs if clear air legislation that the US House passed in June becomes law, a study commissioned by the American Petroleum Institute concluded.
    • NGSA, AGA react to FERC's pipeline flow data proposals
      The Natural Gas Supply Association and American Gas Association responded differently to proposed new federal requirements requiring the daily posting of the scheduled flow of natural gas on pipelines.
    • WATCHING GOVERNMENT: Beaufort Sea leases upheld
      A federal appeals court upheld a lower court's decision that the US Minerals Management Service did not need to prepare a supplemental environmental impact statement before conducting a 2007 lease sale in the Beaufort Sea off Alaska.
    • FERC issues draft EIS on proposed Bison gas line
      A proposed 302-mile natural gas pipeline from a site near Gillette, Wyo., to an interconnection in Morton County, ND, would have some adverse environmental impacts that could be reduced with appropriate measures, said the US Federal Energy Regulatory Commission in a draft environmental impact statement.
    • Senate cap-and-trade bill delayed for a few weeks
      The US Senate's version of carbon cap-and-trade legislation will not be introduced until later in September, its two sponsors said on Aug. 31.
    • Russia's ESPO pipeline construction 'on schedule'
      Russian Prime Minister Vladimir Putin, who recently launched a major new oil field, has been told that state-owned pipeline monopoly OAO Transneft is on schedule with construction of both phases of the 4,130-km East Siberia-Pacific Ocean (ESPO) pipeline.
    • WATCHING THE WORLD: Don't scapegoat oil
      Russian Prime Minister Vladimir Putin, who recently launched a major new oil field, has been told that state-owned pipeline monopoly OAO Transneft is on schedule with construction of both phases of the 4,130-km East Siberia-Pacific Ocean (ESPO) pipeline.
    • Putin touts Russia's oil reserves; seeks funding
      Russia's Prime Minister Vladimir Putin, on a visit to the town of Igarka in Krasnoyarsk Territory, boasted that the region will eventually provide more than 115 million tons/year of "additional oil and condensate" on reaching its estimated capacity.
    • Chemicals found in Wyoming water near gas wells
      Federal environmental officials reported water sampling tests tentatively identified chemical contaminants—possibly from natural gas operations—in drinking water wells near Pavillion, Wyo., and more testing will be done to determine the chemical's source.
    • USW seeks phaseout of HF alkylation units
      The United Steelworkers Union has called for a nationwide phaseout of hydrogen fluoride alkylation units at refineries, saying solid-state catalysts offer promise as a safer alternative although this method is only used at the pilot plant stage.
    • FACTS: No gas imports for Pakistan before 2014-15
      LNG will not reach Pakistan before 2015, with pipeline gas from Iran not expected before 2014, according to the new brief "Iran-Pakistan Pipeline Deal: Future Role of Gas and LNG in Pakistan's Power Sector," by FACTS Global Energy Group, Honolulu.
    • StatoilHydro shutting down Hammerfest LNG for 3 months
      StatoilHydro's Hammerfest LNG plant on Melkoya Island in northern Norway will be shut down on Aug. 15 for upgrading and maintenance for as long as 3 months, the company announced.
    • Editorial: Suspicion and speculation
      Evidence grows in support of the longstanding suspicion by many oil and gas operators that trading of financial instruments related to crude oil, oil products, and natural gas unduly influences prices of those commodities.
  • Exploration & Development

    • Seismic-while-drilling technology advance hailed
      Technology International Inc. of Kingwood, Tex., has developed a breakthrough borehole imaging system that is nearly commercial, according to the US Department of Energy, which is sponsoring the project.
    • Drilling set on first CBM tract in Indonesia
      A test well on Indonesia's first coalbed methane exploration and development production sharing contract is to spud by September 2009.
    • Idaho exploratory drilling planned
      Canadian companies plan to drill for oil and gas in Idaho's Boise basin.
    • Drastic improvements needed in shale gas
      Efficiency improvements of at least an order of magnitude are needed in US shale gas plays because field costs will not stay at the levels to which they have dropped since late 2008, said a speaker Aug. 26 at the Summer NAPE E&P Forum in Houston.
    • Sinopec to spud Bomu prospect in Gulf of Guinea
      Sinopec JDZ Block 2 Ltd. will spud an exploration well on the Bomu deepwater prospect on Block 2 in the Nigeria-Sao Tome & Principe Joint Development Zone (JDZ) in the Gulf of Guinea before the end of August, the company said.
    • Falcon to pursue large resource at Beetaloo
      Falcon Oil & Gas Ltd., Denver, plans to reenter, deepen, and test the Shenandoah-1 exploration well in the Beetaloo subbasin of Australia's McArthur basin, where a resource evaluation has indicated large oil and gas potential.
    • Venoco to press Monterey shale work in 2010
      Denver independent Venoco Inc. sees 2010 as the year it begins to exploit California's Miocene Monterey shale in earnest and believes more than 10 billion bbl of original oil in place exist on its onshore acreage.
  • Drilling & Production

  • Processing

  • Transportation

    • Regional supply competition pressures US natural gas prices
      Gas-on-gas supply competition is accelerating in the US gulf region and competition with Rocky Mountain natural gas supplies on the Rockies Express pipeline will only accelerate this process, leading to lower overall gas prices for quite some time.
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Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

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The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

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