Table of Contents

Oil & Gas Journal

12/26/2011
Volume 109, Issue 52
111226ogj-cover
  • Regular Features

    • OGJ Newsletter

      International news for oil and gas professionals

    • Journally Speaking

      • Tough year for market predictions

        'Tis the season to be jolly. It's also the time analysts and other soothsayers predict what will happen to the world in general and oil markets in particular in 2012—despite the fact they didn't guess most major events of 2011.

    • Editorial

      • Backfiring brinksmanship

        Political support for a project crucial to US energy interests is eminently welcome—but not when it threatens those interests in broader and deeper ways.

    • EQUIPMENT | SOFTWARE | LITERATURE
  • General Interest

    • Final Macondo report calls for 'system safety' approach

      Two US scientific academies urged companies involved in offshore oil and gas activities to take a "system safety" approach to anticipate and manage possible dangers at every operating level.

    • BOEM conditionally approves Shell's Chukchi Sea exploration plan

      The US Bureau of Ocean Energy Management conditionally approved Shell Gulf of Mexico Inc.'s revised exploration plan for its leases in the Chukchi Sea off Alaska on Dec. 16.

    • California offshore field redevelopment environmental review begins

      The US Bureau of Ocean Energy Management (BOEM) began a 60-day public comment period on preparing a joint environmental evaluation with the California State Lands Commission (CSLC) of a proposal to develop oil and gas resources from three existing state-issued leases from an existing platform in federal waters 3.7 miles offshore Carpenteria, Calif.

    • Senate passes tax cut extension with Keystone XL provision

      The US Senate approved a bill that would extend the payroll tax cut into 2012 on Dec. 17 in a rare Saturday session, but with a provision that would require US President Barack Obama to act on the Keystone XL pipeline project's cross-border permit application within 60 days of enactment.

    • Watching Government: Challenges for local governments

      Many rural US communities facing economic pressures and high unemployment would welcome oil and gas resource development although it can challenge local governments, Daryl Dukard, commissioner of Dunn County, ND, said Dec. 7.

    • US House unanimously passes federal pipeline safety legislation

      The US House unanimously approved federal pipeline legislation on Dec. 12 that would reauthorize and strengthen pipeline safety programs through the 2015 fiscal year, improve enforcement of current laws and fill legal gaps where necessary, and address National Transportation Safety Board recommendations from recent incidents.

    • Deloitte: Most Americans say shale development rewards outweigh the risks

      A majority of Americans polled believe developing natural gas by tapping shale formations offers greater rewards than it does risks, including risks possibly associated with hydraulic fracturing, said a survey conducted by the Deloitte Center for Energy Solutions.

    • Watching The World: Oil diplomacy in action

      The oil and gas industry might want to tip its hat out of respect for work done by the Atlantic Council in the past year—especially its recently concluded Black Sea Energy and Economic Forum.

    • Deloitte: Assumed US LNG export volumes could boost gas prices

      If the US were to export 6 bcfd of LNG in the future, a world gas model developed by Deloitte MarketPoint LLC estimates a weighted-average price impact of 12¢/MMbtu on US prices during 2016-35, Deloitte LLP announced Dec. 15 at its annual oil and gas conference in Houston.

    • Canada lays down filing rules for offshore Arctic drilling

      Canada's National Energy Board, in an effort to allay public concerns in the wake of the Gulf of Mexico disaster, released filing requirements for future applications to drill in the Canadian Arctic Offshore.

    • The Editor's Perspective

Related Articles

Statoil reduces capital budget by $2 billion following 4Q losses

02/06/2015 Statoil ASA has reduced its organic capital expenditure to $18 billion in 2015 from $20 billion in 2014. The move comes on the heels of a fourth qu...

Chinese regulators approve Sinopec’s plan for grassroots refinery

02/06/2015 China’s National Development and Reform Commission (NDRC) has approved Sinopec Beijing Yanshan Petrochemical Co. Ltd., a subsidiary of China Nation...

BHI: US rig count down 87 units in 10th straight week of losses

02/06/2015 The US drilling rig count plunged 87 units, a decline that was again spurred mostly by oil rigs, to settle at 1,456 rigs working during the week en...

BOEM schedules public meetings about draft proposed 5-year OCS plan

02/06/2015 The US Bureau of Ocean Energy Management will hold the first of 20 public meetings in Washington on Feb. 9 to receive public comments on potential ...

Union strike ongoing at US refineries as negotiations continue

02/06/2015 A strike by union workers at nine US refining and petrochemical production plants remains under way as the United Steelworkers Union (USW) continue...

NCOC lets $1.8-billion pipeline contract for Kashagan field

02/06/2015 North Caspian Operating Co. (NCOC) has let a $1.8-billion engineering and construction contract to ERSAI Caspian Contractor LLC, a subsidiary of Sa...

Lundin finds gas in Zulu prospect offshore Norway

02/06/2015 Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, encountered Utsira formation sand with “very good reservoir quality” while dril...

AOPL releases 2015 safety performance and strategic planning report

02/06/2015 The Association of Oil Pipe Lines is committed to further improvements despite a 99.99% safe petroleum liquids delivery rate, AOPL Pres. and Chief ...

MARKET WATCH: NYMEX oil price bounces back up somewhat

02/06/2015 Crude oil prices on the New York market bounced up $2/bbl to settle slightly above $50/bbl Feb. 5. The positive momentum continued during early Jan...

White Papers

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by

Available Webcasts



Global LNG: Adjusting to New Realties

When Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST



On Demand

US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST


Looking for past issues? Click here.

Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected