A tax increase on UK oil and gas producers might be said to fit a pattern if the existence of a pattern didn't imply predictability. If the latest tax hike was, in theory, predictable, it surely wasn't predicted.
Barclays Capital in London expects oil prices to average $106/bbl for West Texas Intermediate and $112/bbl for North Sea Brent this year, up from a December forecast of $91/bbl each, and climb to $185/bbl and $184/bbl, respectively, in 2020.
The important role of natural gas as the bridge fuel to a low-carbon economy and more-sustainable energy system raises concern about security of LNG delivery infrastructure.
The Dodd-Frank financial reform law was enacted late in 2010. Much of the oil and gas industry has been working ever since to make certain that its implementation doesn't do unintentional harm to oil and gas companies.
A provision of the Dodd-Frank financial reform law that imposes a requirement for publicly traded US oil and gas companies to disclose payments to foreign governments could actually give their overseas competitors a significant competitive advantage, an American Petroleum Institute official suggested.
Local Utah political leaders formally challenged US Interior Sec. Ken Salazar's decision to reestablish the so-called "wild lands" policy at the US Bureau of Land Management with a lawsuit filed on Mar. 22 in federal district court for Utah.
Libyan rebels say they have forged an agreement with Qatar that will enable them to begin exporting oil and accessing the revenues through an escrow account.
The oil and gas industry has already seen changes emerging from the woes that have descended upon Japan, with oil suppliers ready to fill in the gap created by the shutdown of nuclear power plants.
JX Nippon Oil & Energy reported it has reduced its oil imports since the Mar. 11 earthquake and tsunami, as two of its eight refineries remain severely damaged and unable to operate.
The British government's proposed new tax on the country's oil and gas industry has come under heavy criticism from a leading trade association, as well as opposition politicians.
A January Arctic exploration and stock-swap agreement, described by parties Rosneft and BP as "historic," has encountered trouble in a Swedish arbitration panel.
Oil & Gas Journal's semiannual Worldwide Construction Update shows an increase in refining construction activity compared with the previous edition of the update.
OGJ's annual Exploration & Development Frontiers special highlights random areas of the world in which companies are searching for oil and gas in underexplored or nonproducing basins.
Petroleos Mexicanos officially tendered in early March 2011 for the redevelopment of mature and abandoned fields in three separate blocks onshore the southern state of Tabasco under a recently approved performance incentive service contract.
This article provides the highlights of an extensive 450-page study that sets out detailed investor favorability ratings and descriptions of 188 North American oil and gas fiscal systems in 35 jurisdictions (10 Canadian provinces and 25 US states).
Well production profiles for the Fayetteville shale gas play in north-central Arkansas provide estimates of potential ultimate gas recovery from the play.
The Bhit compression project is a response to the natural depletion of the Bhit gas reservoir north of Karachi in Pakistan and will maximize well productivity as reservoir pressure declines.
The Yingmaili gas-condensate field in the Tarim area of western China required various technologies to drill horizontal wells through a thick salt-gypsum bed.
Statoil recently published an update to its 2009 assay of Aasgard Blend (OGJ, Jan. 18, 2010, p. 50), a commingling production from Smorbukk, Smorbukk South, Midgard, Mikkel, Kristin, Yttergryta, and Tyrihans fields in the Norwegian Sea.
A 3 year look at cost indexes for six selected equipment items used in refining construction operations shows that valves and fittings increased the greatest.
Applying an initial external corrosion direct-assessment program to Kuwait Oil Co.'s pipeline network advanced integrity management of the facility despite initial setbacks.
By first defining the term "extremely unlikely internal corrosion threat" as 20% wall loss within 50 years, researchers developed a probabilistic model that predicts whether an IC threat, under a nominal operating condition, is extremely unlikely.
It is beneficial in the early stages of a pipeline project, particularly one involving multiple water crossings, to have a multidisciplinary team conduct an initial field assessment instead of relying on multiple teams of subject-matter specialists.
