Table of Contents

Oil & Gas Journal

08/30/2010
Volume 108, Issue 32
083010 ogj cover.jpg
  • Regular Features

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

      • The powers that be
        Seattle geologist and writer Scott L. Montgomery has authored a book under the above title from which many on the planet could learn a lot about energy.
    • Editorial

      • The mosque and oil
        The oil and gas industry has strong interests in the ugly controversy over plans to build a Muslim activities center two blocks from Ground Zero—the New York site of terrorist attacks on Sept. 11, 2001.
    • EQUIPMENT | SOFTWARE | LITERATURE
    • Advertisers Index
    • The Editor's Perspective

    • Market Journal

      • Policy changes pending for ethanol
        The ethanol industry this fall will face important policy challenges for which it may not be fully prepared, including expiration of supportive tax credits and tariffs and a government decision whether to expand the amount of biofuel allowed in gasoline, said analysts at FBR Capital Markets & Co., Arlington, Va.
  • General Interest

    • Hydrates slow removal of pipe from Macondo well
      BP PLC flushed hydrates from inside Transocean Ltd.'s Deepwater Horizon semisubmersible blowout preventer and a capping stack on the blown-out Macondo well in the Gulf of Mexico.
    • Transocean outlines indemnity language in Deepwater Horizon contract
      Transocean Ltd., owner of the Deepwater Horizon semisubmersible drilling rig, filed a quarterly report with the US Securities and Exchange Commission outlining 206 claims filed against it as of June 30 in various state and federal courts concerning the Apr. 20 rig explosion.
    • Enbridge announces Bakken crude pipeline system expansion
      Enbridge Inc. affiliates Enbridge Energy Partners LP (EEP) and Enbridge Income Fund (EIF) announced Aug. 24 a joint project to further expand crude oil pipeline capacity for growing production in the Bakken and Three Forks formations in Montana, North Dakota, Manitoba, and Saskatchewan.
    • Piceance basin oil-shale study finds 1.5 trillion bbl in place
      An estimated 1.5 trillion bbl of oil in place lies in Western Colorado's Piceance basin oil shale, the US Geological Survey said in the first comprehensive assessment published since 1989.
    • Study: Cutting IDC, Sect. 199 breaks hurts gas more than oil
      Eliminating federal tax deductions for intangible drilling costs and for US oil and gas production expenses would hurt oil production growth and devastate future US natural gas development, a Wood Mackenzie study commissioned by the American Petroleum Institute concluded.
    • Watcing Government: No place to hang out
      Oil and gas production safety has been a major issue since 11 workers died when the semisubmersible rig drilling BP PLC's Macondo deepwater well exploded on Apr. 20.
    • Venezuela's oil exports down 16% in 2Q
      Venezuela's oil exports dropped 16% in this year's second quarter, largely due to increased use of domestic fuels for electric power, according to a quarterly report by the central bank.
    • Uganda's president wants final approval of all oil, gas deals
      Uganda's President Yoweri Museveni, apparently spurred by recent difficulties between his government and Heritage Oil PLC over taxes, said no future oil or gas agreements are to be agreed upon without his approval.
    • Watching The World: Yamani foresees OPEC's demise
      Remember Sheikh Ahmed Zaki Yamani? The man who is famous for that saying about the Stone Age? You know: the Stone Age did not end because people ran out of stones?
    • First deepwater oil found off East Africa
      An exploratory well off Mozambique has penetrated 38 m of net oil and gas saturated sands in the upper of two Cretaceous fan lobes, signaling the first documented occurrence of liquids hydrocarbons in deep water off East Africa.
    • Mitsubishi, PWE to form Canadian shale gas joint venture
      Penn West Energy Trust (PWE) agreed to form a 50-50 joint venture with Mitsubishi Corp. to develop PWE's shale gas assets in the Cordova Embayment area and some of its conventional gas assets in the Wildboy area of northeastern British Columbia.
    • Trinidad and Tobago reports changes to PSCs
      Trinidad and Tobago announced changes to its production-sharing contracts, reverting to one similar to its 1995 model.
    • Afghanistan claims 1.8 billion bbl oil field find
      Afghanistan's ministry of mining announced the discovery of an oil deposit in the northern region of the country, estimating reserves of 1.8 billion bbl.
    • Long-term natural gas focus seen to persist
      Despite the near-stampede to oilier unconventional plays, the US upstream sector remains a highly natural gas-focused industry that is navigating a "messy period" that may not end gracefully.
    • Marathon, Dominion settle royalty claims
      Two more producers agreed to make payments to settle federal charges that they knowingly underpaid natural gas royalties in an ongoing investigation originating with a whistle-blower's lawsuit, reported the US Justice Department and the Bureau of Ocean Energy Management, Regulation, and Enforcement.
Related Articles

API to issue recommended practice to address pipeline safety

07/01/2015 The American Petroleum Institute expects to issue a new recommended practice in another few weeks that addresses pipeline safety issues, but the tr...

Shell Midstream Partners takes interest in Poseidon oil pipeline

07/01/2015 Shell Midstream Partners LP has completed its acquisition of 36% equity interest in Poseidon Oil Pipeline Co. LLC from Equilon Enterprises LLC, a s...

SIBUR plans MTBE expansion at Togliattikauchuk

07/01/2015 Russian conglomerate OAO SIBUR Holding, Moscow, has started preparatory work for a project designed to expand production capacity for methyl tertia...

Shell makes FID on Appomattox deepwater development in Gulf of Mexico

07/01/2015 Royal Dutch Shell PLC has taken a final investment decision (FID) on the Appomattox deepwater development, authorizing construction and installatio...

MARKET WATCH: Oil prices decline as US crude inventories post first gain in 9 weeks

07/01/2015 Oil prices on July 1 surrendered much of their gains from the day before after the release of a government report showing the first rise in US crud...

BHP, Woodside move to decommission Stybarrow field

07/01/2015 BHP Billiton Ltd. and Woodside Petroleum Ltd. have started preparations for decommissioning of the Stybarrow group of oil fields in production lice...

Woodside-led Browse FLNG venture enters FEED phase

07/01/2015 The Woodside Petroleum Ltd.-led Browse LNG joint venture has entered the front-end engineering and design phase for a floating LNG (FLNG) developme...

Tullow Oil provides production update on Jubilee, other fields

07/01/2015 Tullow Oil PLC reported that gross production for the Jubilee field offshore Ghana averaged 105,000 b/d in this year’s first half, up from 102,000 ...

Statoil to suspend Scarabeo 5 drilling rig

07/01/2015 Due to overcapacity in its rig portfolio, Statoil ASA said it has decided to suspend Saipem’s Scarabeo 5 dynamically position drilling rig after it...
White Papers

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

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by
Available Webcasts


OGJ's Midyear Forecast 2015

When Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

When Tue, Jul 7, 2015

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.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST



On Demand

Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


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.

register:WEBCAST


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