Emergency spending by the US government in response to financial crisis has received hesitant validation from economists, and supporters of the Obama administration can't understand why they've heard no outburst of praise.
Amid indications the economic recovery is slowing, the front-month crude contract price fell for five consecutive sessions to an 11-week low of $71.63/bbl Aug. 24 on the New York Mercantile Exchange.
Drilling costs and operating expenses in the Gulf of Mexico are apt to escalate in the aftermath of the explosion on Transocean Ltd.'s Deepwater Horizon semisubmersible and the subsequent oil spill from BP PLC's Macondo well off Louisiana.
Choppy seas delayed BP PLC's plans to retrieve the Transocean Ltd.'s Deepwater Horizon semisubmersible blowout preventer (BOP) with two pieces of pipe inside it and to install another BOP.
More robust science is clearly needed in federal offshore oil and gas planning, several witnesses told US President Barack Obama's independent commission on the Gulf of Mexico oil spill and offshore drilling on Aug. 25.
The evolving sentiment as the president's oil spill commission heard testimony on Aug. 25 in Washington was that offshore oil and gas activities require more frequent and effective government inspections.
Offshore oil and gas safety programs must be continuous as well as robust, a former US Department of the Interior official told President Barack Obama's independent commission on the Gulf of Mexico oil spill and offshore drilling on Aug. 25.
A process and related technology that research at the US Department of Energy's National Energy Technology Laboratory (NETL) helped to develop could enhance the use of natural gas and the world's vast methane hydrate resources, DOE's Fossil Energy Office announced.
Russian leaders continue to play political games with their country's oil and gas, now using a new pipeline to China as a means of rattling the oil weapon.
The 2009 financial results for the OGJ150 group of companies were off sharply from a year earlier, although the group's oil and gas production and reserves totals mostly climbed from 2008.
Oil & Gas Journal's survey of the 100 leading oil and gas producers based outside the US reveals that for 2009, most of the firms posted much weaker financial results from 2008 as reduced worldwide demand lowered oil and natural gas prices, especially through the first 9 months of the year.
The New Albany shale (Upper Devonian) in the Illinois basin is the primary hydrocarbon source rock for the basin's nearly 4 billion bbl of oil production to date, and for an undetermined volume of gas, nearly all of which is produced from traditional carbonate and clastic reservoirs.
Unidentified gunmen ambushed a truck carrying soldiers and civilians in Sudan's Unity State, an oil-producing region whose fields are operated by the Greater Nile Petroleum Operating Co., a consortium led by China National Petroleum Corp.
Colombian subsidiaries of two Canadian companies have drilled a heavy oil discovery on the CPE 6 block in Colombia's Llanos basin that appears to have light oil potential.
China began exploring for and using coalbed methane in the 1990s, but the proven portion of the resource was still very low at the end of 2009, a study by FACTS Global Energy, Singapore, has concluded.
Over the years various innovations have improved the economics for mining bitumen and reduced the effects of the mining operation on the environment in the Athabasca region of Northern Alberta.
Costs for recovering bitumen with in situ methods continue to decline, and new technologies are bound to reduce costs further, according to Harbir Chhina, executive vice-president enhanced oil development and new resource plays for Cenovus Energy Inc., Calgary.
Chevron Corp., ConocoPhillips, ExxonMobil Corp., and Royal Dutch Shell PLC announced in July plans to engineer, construct, and deploy equipment designed to improve capabilities for containing a potential future underwater blowout in the Gulf of Mexico.
A method to improve design criteria commonly used to size hot-gas bypass systems has been developed through the investigation of the heat transfer that takes place at the gas-liquid interface into the tower's reflux drum.
Properly specifying and selecting a distributed fiber optic sensing system during a pipeline's design stage and developing a rapid-response team to react to any third-party threats will increase a pipeline operator's ability to prevent third-party damage, improving pipeline integrity.
Criteria to demonstrate levels of cathodic protection are important but should not be the only consideration during the ongoing review of NACE SP 0169, the association's document covering external pipeline corrosion.
A new nonlinear predictive approach allows natural gas pipeline reciprocating compressors to respond rapidly to changing processes by omitting undesired or dangerous operating steps, preventing costly compressor shutdowns or component failure.
