Table of Contents
Oil & Gas Journal
01/10/2011
Volume 109, Issue 2
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Regular Features
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OGJ Newsletter
International News for oil and gas professionals
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Journally Speaking
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Spec FPSOs prove too risky
The offshore oil and gas industry has long envisioned floating production, storage, and offloading vessels (FPSOs) working on deepwater Gulf of Mexico oil fields.
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Spec FPSOs prove too risky
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Editorial
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Look at Spain
Good economic news comes, finally, from Spain. The number of workers without jobs fell in December for the first time in 5 months.
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Look at Spain
- EQUIPMENT | SOFTWARE | LITERATURE
- Advertisers Index
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The Editor's Perspective
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Rising crude price threatens recovery in US, elsewhere
If the country that led the world into recession also must lead the way back to stable growth, oil exporters must act soon to lower the price of crude oil.
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Rising crude price threatens recovery in US, elsewhere
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Market Journal
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Oil price strengthened in 2010
Front-month crude prices waffled in late December, dropping below $90/bbl Dec. 30 before rebounding to $91.38/bbl Dec. 31 in the last trading session of 2010 in New York.
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Oil price strengthened in 2010
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OGJ Newsletter
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General Interest
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API-funded study quantifies benefits of access, harm of taxes
Increased access to US oil and natural gas resources currently off-limits could, by 2025, create 530,000 jobs; deliver $150 billion more in tax, royalty, and other sources of revenue; and boost domestic production by 4 million boe/d, a study commissioned by the American Petroleum Institute concluded.
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BOEMRE may exempt 13 deepwater firms from NEPA reviews
Thirteen US offshore producers whose deepwater operations were suspended last year during US Interior Sec. Ken Salazar's moratorium may be able to resume previously approved activities without having to submit new exploration and development plans for supplemental National Environmental Policy reviews, the US Bureau of Offshore Energy Management, Regulation, and Enforcement announced.
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Full impact of Salazar's 'wild lands' order still uncertain
One week after US Interior Sec. Ken Salazar directed the US Bureau of Land Management to conduct an inventory of its holdings and designate areas with wilderness characteristics as "wild lands" to be managed accordingly, it still wasn't clear what the order's full impact would be.
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BLM lifts suspensions of 45 Montana oil, gas leases
The US Bureau of Land Management has lifted suspensions on 45 Montana oil and gas leases it issued in 2008, its Montana state office announced on Dec. 28.
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Marathon ends contract for Noble's Jim Day semi
Marathon Oil Co. confirmed it cancelled its contract to lease the Jim Day deepwater semisubmersible from Noble Corp.
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Watching Government: Early House signals
It's a safe bet that US House committees will look closely at Obama administration activities now that Republicans are in the majority.
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Gulf Keystone faces claim from Excalibur on Kurdish assets
Excalibur Ventures LLC has gone to court in New York and London with claims of entitlement to a 30% stake in Gulf Keystone Petroleum's oil assets in Iraq's northern Kurdistan region.
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Noble Energy makes gas find with Leviathan off Israel
Noble Energy Inc. reported an apparently major natural gas discovery with its Leviathan exploration prospect it operates off Israel.
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Watching The World: A Mediterranean hotbed
The eastern Mediterranean Sea is the scene of stepped-up interest on the part of governments in the region, most of them piqued by recent discoveries of oil and gas off Israel.
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IHS: Global upstream sales hit record $107 billion in 2010
Worldwide sales of upstream oil and gas properties reached a record $107 billion in 2010, a 160% increase above 2009 transactions, according to preliminary figures by IHS Inc., Englewood, Colo., for its 2011 review of mergers and acquisitions.
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Pioneer Natural Resources to apply Tunisian proceeds to US plays
OMV AG will pay $866 million for the Tunisian oil and gas properties of Pioneer Natural Resources Co., Dallas, which plans to redeploy the proceeds to its Eagle Ford shale and Spraberry plays in the US.
- EXPLORATION/DEVELOPMENT BRIEFS
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API-funded study quantifies benefits of access, harm of taxes
