Although much maligned by some as dirty oil, projects are moving ahead in Alberta to recover the billions of barrels of bitumen contained in the oil sands found in the Athabasca, Peace River, and Cold Lake regions.
When US President Barack Obama declared, in his Jan. 25 State of the Union speech, "We are part of the American family," he didn't mean Americans who produce oil and gas.
After waffling all week, the March contract for West Texas Intermediate shot up $3.70 to $89.34/bbl Jan. 28 on the New York Mercantile Exchange as civil unrest in Egypt put Wall Street in a panic.
Two important aspects of the energy policymaking system have shaped China's energy policies: the weakness of central government institutions involved in energy and the power of state-owned energy enterprises.
Natural gas produced from shale appears certain to increase its share of total US supplies, but other sources can contribute significantly if they're allowed to compete, according to two trade association officials and one official in the office overseeing the federal government's role in constructing a pipeline from Alaska.
Global energy demand will increase by about 35% in 2030 from 2005 levels as natural gas becomes the world's second-largest energy source behind oil, ExxonMobil Corp. said as it released its latest yearly energy outlook.
The Pennsylvania Independent Oil & Gas Association (PIOGA) and the American Petroleum Institute have formed a Marcellus shale public education alliance to provide facts about the tight shale gas resource's energy and economic potential.
EXCO Resources Inc., Dallas, plans to run 22 operated rigs throughout 2011 in East Texas and North Louisiana exploiting the Haynesville shale on part of its 76,000 net acre holding.
The Blackbeard East exploratory well has become the first Gulf of Mexico shelf or deepwater well to encounter hydrocarbon-bearing sands in the Oligocene Frio formation below 30,000 ft.
The US Chamber of Commerce's Institute for 21st Century Energy unveiled a five-part plan that calls on maximizing domestic resources, making new and clean energy technologies more affordable, eliminating regulatory barriers to new projects, not putting existing energy sources out of business, and encouraging the free and fair trade of energy resources and technologies globally.
BP PLC is seeking buyers for its Texas City, Tex., refinery and the Carson, Calif., refinery near Los Angeles, as part of a strategy in which BP plans to reshape its downstream business, slashing its US refining capacity in half.
Exploration work on petroleum exploration permits held by Asia Pacific Oil Sdn. Bhd. on and off Gisborne City on the east coast of New Zealand's North Island and offshore in the southeastern continental shelf, the Muriwai shelf, showed a marked contrast in their structural style.
The cost of oil, the lack of political will, and the generally lucrative nature of natural resources have resulted in a number of territorial disputes over the years.
According to the China National Petroleum Assessment (2003-07), there are 81 land frontier basins in China (including Qiangtang, Chuoqin, Hetao) where in-place and recoverable oil resources are 10.06 billion tons and 2.13 billion tons, 13.15% and 10.07% of the nationwide estimated resources, respectively.
Data from wells drilled in 2008 to produce gas from the Canyon sands of the Val Verde basin of West Texas illustrate the effectiveness of hammer bits and underbalanced drilling.
A new drill pipe buckling model provided excellent predictions for each full-scale buckling test performed, not only in terms of deformed buckling shape but also in terms of weight transfer. Existing models, on the other hand, failed to predict observed drill pipe buckling behavior.
Adding automation to a closed-loop circulating system improves information and management capabilities that contribute to greater safety and efficiency in drilling operations.
National oil companies in China and India have continued to expand refining capacities as 2011 begins. Japanese refiners, on the other hand, are heading into a second round of capacity reductions.
On Nov. 17, 2010, the European Commission adopted a "Communication 'Energy infrastructure priorities for 2020 and beyond—A Blueprint for an integrated European energy network.'"
Planned pipeline construction to be completed in 2011 fell by more than 28% from the previous year, with sharp drops in planned crude and products pipelines more than countering expanded natural gas construction plans.
