Table of Contents

Oil & Gas Journal

08/16/2010
Volume 108, Issue 30
ogj 100816 cover.jpg
  • Regular Features

    • OGJ Newsletter
      International News for oil and gas professionals
    • Journally Speaking

      • EIA offers international data
        Energy statistics are necessary to keep up with industry research. While browsing the US Energy Information Administration's web site for an upcoming survey, this OGJ editor found a door to detailed international data on its home page.
    • Editorial

      • Exploiting tax confusion
        Among many faults of a US Senate proposal to repeal the manufacturer's tax deduction for large oil companies, the worst is not that it is arbitrary, spiteful, and—by any standard of taxation efficiency —unsound.
    • EQUIPMENT | SOFTWARE | LITERATURE
    • Advertisers Index
    • The Editor's Perspective

    • Market Journal

      • Light product stocks grew through July
        Light product inventories—gasoline, distillate, and jet fuel—grew for 9 consecutive weeks through the end of July "due to high production levels, increased gasoline imports (including blend stocks), and lackluster demand," said Jacques Rousseau, managing director of equity research, RBC Capital Markets, Reston, Va.
  • General Interest

    • M&A hits highest level in nearly 2 years
      Mergers and acquisitions in the US oil and gas sector hit the highest level in 1¾ years during the second quarter, said officials at PricewaterhouseCoopers LLP (PWC) in a recent report.
    • Macondo pressure test due before relief well resumes
      BP PLC planned another pressure test last week on the Macondo well in the Gulf of Mexico to gain more information about the condition of the annulus before penetration by a relief well.
    • Investors ask firms to outline deepwater risks, spill-response plans
      A group of investors sent letters to 27 oil and gas companies asking each company to disclose information by Nov. 1 regarding its spill prevention and response plans for offshore operations worldwide following the Gulf of Mexico oil spill.
    • Alaska senator offers draft on spill liability
      US Sen. Mark Begich (D-Alas.) proposed draft legislation to move discussions forward on developing alternatives to eliminating offshore oil spill liability limits.
    • EPA rejects petitions challenging GHG endangerment finding
      The US Environmental Protection Agency rejected 10 petitions challenging climate science behind its Dec. 7, 2009, finding that greenhouse gases threaten public health and the environment, and therefore can be regulated under the federal Clean Air Act.
    • Watching Government: Studying CBM water
      Regulatory framework complications, and not water quality, limit effective management of produced water from coalbed methane wells in five western US basins, a new National Research Council (NRC) report concluded.
    • Nationwide LCFS would raise GHGs in US, study finds
      Implementation of a nationwide low-carbon fuel standard (LCFS) would increase greenhouse gas (GHG) emissions by as much as 19 million tonnes/year, a study commissioned by the National Petrochemical & Refiners Association concluded.
    • Mexico plans careful regulation in deep water
      Mexico's formation of deepwater policies in response to the Macondo well blowout, Deepwater Horizon rig explosion, and crude oil spill probably will push drilling of Mexico's first deepwater well into 2011, said the president of its National Hydrocarbons Commission (CNH).
    • Watching The World: Uganda ups the ante
      The oil and gas industry rarely has a problem spotting politicians, especially when it comes to the matter of taxes.
    • UAE confirms terror link to Hormuz tanker attack
      Explosives experts in the United Arab Emirates confirmed a Japanese-owned oil tanker steaming through the Strait of Hormuz last week came under a terrorist attack.
    • Reliance joins Carrizo in Marcellus shale venture
      Reliance Industries Ltd., Mumbai, has taken another step into US unconventional resource plays by entering a venture that envisions the drilling of 1,000 wells in the Marcellus shale fairway.
    • Chukchi Sea seismic starting after federal judge's ruling
      A federal judge in Anchorage clarified his order enjoining Shell Gulf of Mexico Inc. from exploring its Chukchi Sea leases by allowing permitted seismic surveying to start, Alaska state officials said.
    • Denbury presses Gulf Coast EOR projects
      Denbury Resources Inc., Plano, Tex., started carbon dioxide injection June 29 in Oyster Bayou field in eastern Chambers County, Tex., and hopes to begin injecting at Hastings field south of Houston around the end of 2010.
    • MEG Energy ramps up Christina Lake bitumen production
      "Production volumes from our commercial operations at Christina Lake, which commenced in August 2009, have safely ramped up more rapidly than any other [steam-assisted gravity drainage] project that we are aware of, and with one of the lowest SORs," said Bill McCaffrey, MEG Energy Corp.'s chairman, president, and chief executive officer, in a recent company press release.
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Available Webcasts


Operating a Sustainable Oil & Gas Supply Chain in North America

When Wed, Oct 7, 2015

Short lead times and unpredictable conditions in the Oil & Gas industry can create costly challenges in supply chains. By implementing a LEAN culture of continuous improvement you can eliminate waste, increase productivity and gain end-to-end visibility leading to a sustainable and well-oiled supply chain.

Please join us for this webcast sponsored by Ryder System, Inc.

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The Resilient Oilfield in the Internet of Things World

When Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.

register:WEBCAST



On Demand

Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors

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Driving Growth and Efficiency with Deep Insights into Operational Data

Wed, Aug 19, 2015

Capitalizing on today’s momentum in Oil & Gas requires operational excellence based on a clear view of what your business data is telling you. Which is why nearly half* of oil and gas companies have deployed SAP HANA or have it on their roadmap.

Join SAP and Red Hat to learn more about using data to drive process improvements and identify new opportunities with the SAP HANA platform running on Red Hat Enterprise Linux. This webinar will also show how your choice of infrastructure impacts the performance of core business applications and your ability to achieve data-driven insights quickly and reliably.

*48% use SAP, http://go.sap.com/solution/industry/oil-gas.html

register:WEBCAST


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