Table of Contents

Oil & Gas Journal

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.
    • 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.
Related Articles

PHMSA proposes pipeline accident notification regulations

07/02/2015 The US Pipeline and Hazardous Materials Safety Administration has proposed new federal oil and gas pipeline accident and notification regulations. ...

Twists of activists’ dogma freshens view of global warming


Fresh perspective on global warming, a topic that needs it, comes from a geologist.

BHI: US oil rig count rises for first time in 30 weeks

07/02/2015 A sudden 12-unit jump in oil-directed rigs during the abbreviated week ended July 2 represented their first rise since Dec. 5, 2014, and helped lif...

Quicksilver Canada gets LNG export approval

07/02/2015 Quicksilver Resources Canada Inc. has received approval from the National Energy Board of Canada to export 20 million tonnes/year of LNG from a pos...

FourPoint Energy to acquire Anadarko basin assets from Chesapeake

07/02/2015 FourPoint Energy LLC, a privately owned Denver company, plans to acquire oil and gas assets from Chesapeake Energy Corp. subsidiaries Chesapeake Ex...

Origin lets contract for Otway basin fields

07/02/2015 Origin Energy Ltd., Sydney, has let a $1.3 million (Aus.) contract to Wood Group Kenny for provision of a detailed engineering design for the onsho...

Puma Energy completes purchase of Murco’s UK refinery, terminals

07/02/2015 Singapore-based Puma Energy Group Pte. has completed its purchase of UK midstream and downstream assets from Murco Petroleum Ltd., a subsidiary of ...

BP to settle federal, state Deepwater Horizon claims for $18.7 billion

07/02/2015 BP Exploration & Production Inc. has agreed in principle to settle all federal and state claims arising from the 2010 Deepwater Horizon inciden...

MARKET WATCH: NYMEX oil prices plummet on crude inventory build, Iran deadline extension

07/02/2015 Oil prices plummeted more than $2/bbl July 1 to settle at a 2-month low on the New York market after a weekly government report showed the first ri...
White Papers

Definitive Guide to Cybersecurity for the Oil & Gas Industry

In the Oil and Gas industry, there is no single adversary and no single threat to the information tech...

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by
Available Webcasts

Better Data, Better Analytics, Better Decisions

When Tue, Oct 27, 2015

The Oil & Gas industry has large amounts of data stored in multiple systems which are purpose built for certain tasks. However, good decisions require insights based upon the data in all of these systems. These systems in turn do not talk to each other. So the process of analyzing data, gaining insights, and making decisions is a slow one and often a flawed one. Good decisions require accurate analytics and accurate analytics require superior/sustainable data quality and governance. This webinar focuses on:

  • The importance of data quality and governance
  • How technological advances are making data quality and governance sustainable in order to get the accurate analytics to make solid decisions.

Please join us for this webcast sponsored by Seven Lakes Technologies and Noah Consulting.


Operating a Sustainable Oil & Gas Supply Chain in North America

When Tue, Oct 20, 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.


On Demand

Leveraging technology to improve safety & reliability

Tue, Sep 22, 2015

Attend this informative webinar to learn more about how to leverage technology to meet the new OSHA standards and protect your employees from the hazards of arc flash explosions.


The Resilient Oilfield in the Internet of Things World

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.


Looking for past issues? Click here.

Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected