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.

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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

Fri, Mar 6, 2015

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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