International news for oil and gas professionals
The administration's latest energy boondoggle is a $510 million cellulose biofuel program to produce fuel for the Department of Defense in the name of national security.
For oil and gas producers and service companies holding vast amounts of information and data, it is imperative that they protect such valuable assets from loss.
The US oil and gas industry needs a gut-level response to President Barack Obama's raid, under the banner of fairness, on its finances.
Russia's undulating tax regime for oil and gas companies is expected to change again Oct. 1.
A warning by the US Federal Reserve Bank that the global economy likely will remain at risk for years resonated like a voice of doom through world markets Sept. 21, stampeding traders away from high-risk investments such as crude oil.
The OGJ150 group of oil and gas producers recorded much-improved 2010 financial and operating results compared with results from a year earlier, buoyed by stronger crude prices and increased production volumes.
In 2010 the collective financial results of the world's oil and natural gas producers improved from 2009, according to Oil & Gas Journal's survey of the 100 leading producers based outside the US.
Plays for oil or wet gas have revitalized exploration and development in the US onshore Lower 48.
Democrats and a few Republicans in Pennsylvania's general assembly have called for a severance tax on natural gas produced from the Marcellus shale formation.
Federal oil and gas leasing in the Rocky Mountains dropped significantly from fiscal 2008 during fiscal 2011, the Western Energy Alliance reported.
A bill to provide financial incentives for natural gas vehicles (NGVs) provided a focus as two US House Ways and Means Committee subcommittees discussed whether alternative and new energy technology proposals are compatible with federal tax policy reforms.
The oil and gas industry will need more time to respond to the US Environmental Protection Agency's proposed upstream greenhouse gas (GHG) emission requirements and its proposed refinery emissions rule, American Petroleum Institute officials said.
Rather than proposing $44 billion in new taxes on its oil and natural gas industry, the US government should open the door to a common-sense energy policy, said John Felmy, chief economist with the American Petroleum Institute.
The oil and gas industry will be pleased to learn that Brazil's long-proclaimed oil law is inching along the country's corridors of power.
Total SA and Eni SPA said they have resumed production of crude oil in Libya, while state-owned Sirte Oil said it has restarted output from its eastern gas fields.
Zodiac Exploration Inc., Calgary, has established in its 1-10 well in Kings County, Calif., the presence of several deeper targets that its technical team had identified on 3D seismic shot in 2009 and is preparing to plug back and drill a horizontal leg into the Upper Kreyenhagen formation.
Norway's Ministry of Petroleum and Energy approved Statoil's development and operation plan for two fast-track subsea developments—Stjerne and Vigdis North-East fields—offshore Norway.
When will Libya restore its precrisis production level of 1.6 million b/d?
The Qaidam basin is one of three main oil and gas basins in Northwestern China, but its Carboniferous, formerly thought as a part of the metamorphic base of the basin, is a frontier formation without any oil and gas reserves or production.
In 2010, a total of 70 exploration and appraisal wells was spudded on the United Kingdom Continental Shelf, 11% fewer than in 2009, and the lowest total since 2003.
Akkas is in northwestern Iraq near the border with Syria.
The projects in three countries with the highest increase in oil production are Brazil, Canada, and Iraq, while Australia has the projects with the highest increase in gas production, according to OGJ's review of major projects listed in the accompanying table.
Royal Dutch Shell and its partner China National Petroleum Corp. (CNPC) are proceeding to build a well manufacturing system for high-density drilling to recover onshore hydrocarbon resources from such plays as coalbeds, tight sands, and shales.
With the experiences gained during the last 30 years, Trinidad can sequester carbon dioxide safely in its west coast offshore heavy oil reservoirs and at the same time recover another 6% from its offshore heavy oil reservoirs after the primary production phase.
Distribution characteristics of crude oils and crude oil fractions, as measured by ASTM D-2892, D-5236, D-86, D-2887, and D-1160, can be accurately described by Riazi's boiling point distribution model.
To develop a generalized correlation for natural gas heat capacity, the author conducted an extensive investigation of heat capacity as a function of temperature, pressure, and composition.
The accompanying table at the top of this page shows how Nelson-Farrar indexes have changed during 2008-10 for selected basically nonmetallic building materials.
At current natural gas prices, North American LNG exports appear extremely attractive.
A new rule prioritizing product delivery to the eligible terminal closest to the one being currently served reduces total accumulated idle volume by about 40% and decreases the number of cut operations.