In response to a request, I wrote an article for Oil & Gas Journal in 1985 on future unleaded compositions, optimizing blends, using generalized blending equations.
In sympathy to everyone worried about high prices, it must be said that the oil market has been especially bewildering lately. But that's no reason for anyone to accept demagogy.
May was “a rather odd month” for the oil market with “some unusually sharp swings in prices and sentiment” despite no dramatic change in market fundamentals, said Paul Horsnell, managing director and head of commodities research at Barclays Capital.
Marathon Oil Corp. agreed to purchase Eagle Ford shale assets in south Texas from privately held Hilcorp Resources Holdings LP for $3.5 billion subject to closing adjustments, customary terms and conditions, and federal government approval.
Production results for the Bakken formation in the Williston basin continue to improve with technological advances, prompting Continental Resources Inc. to estimate potentially recoverable reserves of 24 billion boe.
The US Geological Survey will update its 2008 assessment of undiscovered, technically recoverable oil and gas in the US portion of the Bakken formation in North Dakota and Montana, Interior Sec. Ken Salazar announced.
Energy executives expect continued volatility in oil prices for the rest of the year, with 64% forecasting crude oil prices will exceed $121/bbl on the New York Mercantile Exchange, said a survey released by KPMG Global Energy Institute during its annual energy conference in Houston.
One week before a US Department of Energy secretarial advisory subcommittee was scheduled to open a 2-day meeting to discuss hydraulic fracturing questions, Michigan's Department of Environmental Quality issued three new fracing regulations.
The US Bureau of Ocean Energy Management, Regulation, and Enforcement released a revised draft supplemental environmental impact statement (SEIS) on May 20 for Chukchi Sea Lease Sale 193.
Iran's President Mahmoud Ahmadinejad, visiting the Abadan refinery to underscore his nation's ability to defy international sanctions, survived an explosion and fire at the facility that left 2 other people dead and 22 injured.
Russia's OAO Rosneft said it would continue negotiations with BP PLC on developing the Arctic despite the passing of a deadline for agreement on a $16 billion share swap.
The international oil and gas industry will certainly want to know that the Russian government must pay Mikhail Khodorkovsky, the former chief executive officer of OAO Yukos, €24,543 for violating his human rights.
Cairn Energy PLC plans to drill as many as four exploratory wells off western Greenland in 2011 at a cost of $600 million following the three it completed in 2010.
Iraq's oil reserves, revised to 143.5 billion bbl in late 2010 from the 115 billion bbl official figure that held for several years, will no doubt turn out to be much larger than the late-2010 estimate.
The issue of hydraulic fracturing as a development method for shale gas reservoirs such as the Marcellus has gone from an intraindustry discussion to a politically motivated issue de jour in the media and in nongovernmental organizations.
In recent times, the US Bureau of Land Management has initiated a practice of holding federal oil and gas leases long after they have been purchased at a federal lease sale.
A new process that combines foamed oxygen injection for generating carbon dioxide and steam has increased heavy 13-17° oil production from Pleito Creek oil field in Kern County, Calif.
Plans and proposals for new gas processing plants for much of North America’s newly minted gas production regions—that is, its shale gas areas—failed as of Jan. 1 to bump 2010 gas plant data much higher, as reflected in Oil & Gas Journal’s latest plant-by-plant survey of global gas processing.
The future growth of NGL production in the US depends largely on the continued exploitation of hydrocarbons found in shale and other unconventional resource plays.
After years of predictable seasonal variations in key elements of the supply-demand balance, the winter 2010-11 was another study in divergence from the norm.
The bitumen upgraders in the Fort McMurray area of Alberta and the refineries in the Edmonton area are large producers of petroleum coke (petcoke), which, historically, has had essentially zero market value in Alberta.
A statistical survey of coupons under the influence of a residual magnetic field shows reductions in both general pit depth and extreme pit depth values compared with control coupons not under the influence of a magnetic field.
