Oil & Gas Journal Articles, Sep 2009

Regular Features
- OGJ Newsletter
- Letter
  - Green jobs
    The Obama administration asserts that its big investments in "green energy" will create a large number of jobs.
- Journally Speaking
  - CO₂ transport guidelines
    Debate continues in scientific, political, financial, and environmental circles regarding the viability and cost of capturing and sequestering carbon dioxide as part of future energy policies.
- Equipment/Software/Literature
- Services/Suppliers
- Advertisers Index
- The Editor's Perspective
  - Employment woes puncture hope for green energy jobs
    The latest failure of liberal employment remedies should encourage the oil and gas industry.
- Market Journal
  - Deutsche Bank closing exchange traded note
    Citing new limitations on the New York Mercantile Exchange, Deutsche Bank AG said in early September it would close and redeem its popular $425 million PowerShares DB Crude Oil Double Long Exchange Traded Note (DXO)—one of the largest leveraged commodity products in the US.
General Interest
- Editorial: Interests and credibility
  By some ways of thinking, affiliation with the oil and gas industry discredits whatever a person might say on the subject of energy.
- INTERNATIONAL PETROLEUM AGREEMENTS—2: Embargo of '73 launched era of mutual adjustment
  In the low-price environment of the 1980s and 1990s, many host countries adopted policies to promote E&P investments in their territories by offering more-attractive terms and conditions to foreign investors.
- Lower demand, prices crush 2Q, first-half earnings
  Average commodity prices and rig counts in this year's second quarter plummeted compared with second-quarter 2008, sending the financial results of producers, refiners, and service companies tumbling from a year earlier.
- Bain & Co.: Tough decisions loom on costs, investments
  Tentative economic recovery and volatile oil prices will force managers of the oil and gas industry to make tough decisions soon, warns Bain & Co., Boston.
- IHS CERA: World oil demand set to rise next year
  World oil demand is set to grow next year for the first time since 2007 and is expected to reach pre-recession levels by 2012, IHS Cambridge Energy Research Associates said in its quarterly World Oil Watch report.
- Brazil unveils proposed offshore presalt legislation
  Brazil's President Luiz Inacio Lula da Silva has proposed new legislation aimed at governing the development of his country's potentially enormous reserves of oil in the offshore presalt layer, about 270 km off Brazil.
- Minister sees 4% decline in Mexico's oil output in 2010
  Oil production by Mexico's state-owned Petroleos Mexicanos (Pemex) will average 2.5 million b/d in 2010, down 4% from levels in this year's first half and down 5.7% from previous estimates, according to Energy Secretary Georgina Kessel.
- Watching The World: China urged to quit Myanmar
  Activists have called on China to halt construction of controversial oil and gas pipelines through Myanmar, warning of instability and civil unrest if the country's ruling junta continues to starve its people of energy.
- Mexico to issue tender for ethanol production
  Mexico's state-owned Petroleos Mexicanos (Pemex) will invite tenders next month for a contract to produce 176 million l./year of ethanol, according to a senior government official.
- FERC expects Alaska gas line applications in 2010
  The US Federal Energy Regulatory Commission expects to receive open season applications in 2010 from both groups proposing construction of a natural gas pipeline from Alaska's North Slope to the Lower 48 states.
- Watching Government: Surface owner notification
  The US Bureau of Land Management quietly moved toward better relations with surface landholders in July as some of its state offices issued notices that those landholders' names and addresses will be required in expressions of interest (EOI) for future lease sales involving split estates.
- PWC: Oil, gas industry major contributor to US economy
  The oil and natural gas industry supports more than 9 million US jobs while contributing to the national economy as both an employer and purchaser of US goods and services, according to a new study by PricewaterhouseCoopers (PWC) for the American Petroleum Institute.
Exploration & Development
- Low-btu gas in the US Midcontinent: A challenge for geologists and engineers
  Considerable unexploited resources of natural gas in the US have been largely bypassed due to unacceptable levels of associated nitrogen (N2), which lowers heat content.
Drilling & Production
- DRILLING MARKET FOCUS: Contractors' earnings fall amid brighter deepwater forecasts
  Offshore drilling contractors reported declines in second-quarter 2009 net earnings and continued stacking rigs, while oil companies coped with less cash flow to finance drilling during an economic downturn and slowing growth in world oil demand.
- OFFSHORE BONDS— Conclusion: Risk-adjusted methods update supplemental bonding calculations
  Risk-adjusted methods provide alternative approaches for calculating supplemental bonding requirements for operators in the Gulf of Mexico.
Processing
- Here's a quick means to determine MeOH injection to inhibit hydrates
  This article proposes a set of reference charts developed by the authors for determining required methanol concentrations in the aqueous phase (rich solution) and total lean inhibitor's flow rate for a desired depression in hydrate formation temperature of a wet natural gas.
Transportation
- Special Report: Pipeline profits, capacity expansion plans grow despite increased costs
  Natural gas pipeline operators saw their profits reach new highs in 2008, rising by more than 7% compared with 2007, despite a 9% drop in revenues year over year. Net profits totaled $5.1 billion against revenues of $19.8 billion.
Drilling & Production
- DRILLING MARKET FOCUS: Contractors' earnings fall amid brighter deepwater forecasts
  Offshore drilling contractors reported declines in second-quarter 2009 net earnings and continued stacking rigs, while oil companies coped with less cash flow to finance drilling during an economic downturn and slowing growth in world oil demand.
- OFFSHORE BONDS— Conclusion: Risk-adjusted methods update supplemental bonding calculations
  Risk-adjusted methods provide alternative approaches for calculating supplemental bonding requirements for operators in the Gulf of Mexico.

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Issue 34

Table of Contents

Oil & Gas Journal

Regular Features

Letter

Journally Speaking

The Editor's Perspective

Market Journal

General Interest

Exploration & Development

Drilling & Production

Processing

Transportation

Drilling & Production

Looking for past issues? Click here.