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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Global LNG: Adjusting to New Realities

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Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

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US Midstream at a Crossroads

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Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

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The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

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The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

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