If you're aware that you're part of something that will be remembered as important, a watershed moment, there's a tendency at times to stop and try to appreciate the significance.
A federal agency busy bringing industrial America to heel will get mathematics wrong from time to time—especially, it seems, when the calculations relate to costs of its manipulations.
A "general Wall Street myth" that a second round of "quantitative easing" of the economy (QE2) should prove bullish for oil through the lower dollar index may prove bearish instead.
Modern seismic methods support a "drilling machine" raising oil production in a UK North Sea field that, measured by discovery date, is just a decade shy of qualifying as an antique.
US departments and agencies responding to the major oil spill in the Gulf of Mexico treated it as a catastrophe from the beginning, officials told the independent commission established by US President Barack Obama to investigate the event and its implications on federal offshore oil and gas policies
As US President Barack Obama's commission investigating the Gulf of Mexico oil spill began its Sept. 27 hearing, it became apparent that its work was entering a new, and potentially important, phase.
The oil and gas industry developed containment technology to deal with an oil spill in the deepwater Gulf of Mexico, and new collaboration between industry and the US government is needed to assure an adequate response system in the future, speakers agreed at a meeting in Washington, DC.
Cementing of BP PLC's ill-fated Macondo well in the Gulf of Mexico took place after extensive tests, followed the operator's specifications, and showed no signs of problems in the hours before the well blew out on Apr. 20 and its semisubmersible exploded, killing 11 workers, Halliburton Co. officials told a federal panel on Sept. 26.
More research into the long-term effects of chemical dispersants is needed despite their apparently successful use in fighting the massive oil spill from BP PLC's Macondo well in the Gulf of Mexico, US Environmental Protection Agency Administrator Lisa P. Jackson said on Sept. 27.
Growing natural gas consumption can help drive US economic recovery and job creation, ConocoPhillips Chairman and Chief Executive Officer James Mulva said Sept. 27 at Rice University's Baker Institute for Public Policy.
Nigeria's Parliament is expected soon to pass into law the Petroleum Industry Bill, Nigeria's Minister of Petroleum Resources Diezani Alison-Madueke told participants at the Rice University Baker Institute for Public Policy in Houston on Sept. 27.
Fuels made from Canadian oil sands have lower greenhouse gas (GHG) emissions than many commonly cited estimates, said IHS Cambridge Energy Research Associates (IHS CERA) in a new analysis.
Perth-based explorer Central Petroleum Ltd. has temporarily put aside teasing that resulted from its recent Ooraminna-2 gas appraisal well in the eastern Amadeus basin southeast of Alice Springs to concentrate on a rank wildcat oil prospect some 600 km to the west and close to the Northern Territory/Western Australian border.
Israel's Prime Minister Benjamin Netanyahu, seeking to strengthen political ties with Europe, recently suggested to Greece's Prime Minister George Papandreou that his country could soon be importing natural gas by undersea pipeline from Israel.
TransAtlantic Petroleum Ltd., Dallas, is in the midst of a push to examine shallow and deep gas potential in conventional and unconventional formations in northwestern Turkey's Thrace basin.
A systematic approach for understanding and evaluating reservoir conditions and use of high-end technology has provided Saudi Aramco the means for developing and managing deep, high pressure, high temperature, and prolific as well as poor quality gas reservoirs.
The new European Union 10-ppm sulfur fuel regulations present various challenges for operating and controlling refinery desulfurization units. Repsol-YPF, Madrid, has been using simulation to mitigate some of these challenges.
Growth of global LNG production in 2010 is again poised to underperform expectations, as a cascade of maintenance outages at some of the world's largest liquefaction trains and the delay in start-up of two new megatrains limit output this year.
Slurry oil is a heavy aromatic by-product of a refinery's fluid catalytic cracking unit that forms a small part of global fuel oil supply. Generally, it is mixed into heavy fuel oil as a viscosity cutter.
Plutonio is a low-sulfur, medium-gravity crude oil from Angola's deepwater Block 18. Greater Plutonio consists of five oil fields from water depths of around 1,300 m: Plutonio, Galio, Paladio, Cromio, and Cobalto, all of which lie within 20 km of each other and whose production forms the Plutonio crude blend. Samples have shown these five fields to be very similar in quality, says BP PLC.
Economics will likely prevent retrofitting carbon capture and sequestration technologies to existing power plants with a capture efficiency <40% and a residual life <15 years.
China is moving quickly on construction of its Phase II strategic petroleum reserve and FACTS Global Energy believes most SPR Phase II sites will come on stream by 2012-13, doubling China's SPR capacity.
Characterization studies including destructive testing have improved protection of remote corrosion-monitoring devices in use on hydrocarbon pipelines against high-energy surges.
