Table of Contents

Oil & Gas Journal

02/21/2011
Volume 109, Issue 8
110221ogj cover.jpg
  • Regular Features

    • OGJ Newsletter
      International News for oil and gas professionals
    • Journally Speaking

      • A column for fun
        This column exists mostly for fun. Journally Speaking features are wonderfully fun to write and, when done right, equally fun to read.
    • Editorial

      • What the budget means
        For the US oil and gas industry, the budget proposal of President Barack Obama arrives in company with one bit of good news: Deep gouges stand almost no chance of surviving Congress.
    • EQUIPMENT | SOFTWARE | LITERATURE
      The new Turborunner 5 in. completion reaming tool aids first time placement of the completion or liners at target depth.
    • Advertisers Index
    • The Editor's Perspective

    • Market Journal

      • Brent tops WTI as benchmark
        As the international benchmark other crudes are priced against, "West Texas Intermediate is dead, long live North Sea Brent," said analysts in the Houston office of Raymond James & Associates Inc. WTI's recent disconnect with other crude prices in the global market "is here to stay—for awhile," they predicted.
  • General Interest

    • Obama keeps pledge to end oil tax incentives in 2012 budget request
      The White House followed through on US President Barack Obama's promise to eliminate oil and gas incentives and preferences with a fiscal 2012 federal budget request that would increase direct taxes on the industry by an estimate $3.472 billion next year and $43.612 billion over 10 years.
    • Discussion of draft GHG bill turns into CAA debate
      Democrats and Republicans quickly established their differing views as a US House subcommittee debated legislation designed to draft legislation to halt the US Environmental Protection Agency's efforts to limit greenhouse gas emissions under the Clean Air Act.
    • Watching Government: GHG uncertainties
      The US Environmental Protection Agency can expect criticism when it hosts refiners at a listening session on Mar. 4 about its efforts to regulate greenhouse gases under the Clean Air Act.
    • Baker Institute: Drilling in Gulf of Mexico evolves after Macondo blowout, oil spill
      Future oil and gas production from the deepwater and ultradeepwater Gulf of Mexico hinges on how US drilling policy and safety standards evolve following the April 2010 Macondo well blowout and subsequent oil spill, speakers said Feb. 11 at Rice University's Baker Institute.
    • Industry reports many safety changes in GOM deepwater drilling practices
      Oil companies and drilling contractors are working together very closely to prevent any future oil spills in the Gulf of Mexico, speakers said Feb. 11 during a forum at Rice University's Baker Institute about managing the risks of offshore oil exploration.
    • IEA warns of rising oil burden
      The global oil burden in 2010 was the second-highest following a major recession and could rise this year to levels close to those that have coincided in the past with marked economic slowdowns, warns the International Energy Agency in its latest monthly oil market report.
    • Watching The World: Shell's scenarios to 2050
      Royal Dutch Shell PLC released a report entitled "Shell Energy Scenarios to 2050" and just in case anyone thought the future would be rosy, read on.
    • Chinese hackers accused of cyber attacks on IOCs
      The computer networks of at least five international oil companies, containing bidding plans and other confidential data, have been penetrated by Chinese-based hackers, accord to a report issued by a US computer security firm.
    • Study evaluates deepwater Gulf of Mexico overpressure
      A recent study of 149 deepwater wells in the Gulf of Mexico found dramatic differences in the overpressure of the Lower Tertiary Wilcox play.
    • CNRL targets oil sands upgrader restart
      Canadian Natural Resources Ltd. (CNRL) said the upgrader coke drums damaged in a fire on Jan. 6 at its Horizon oil sands facility in northern Alberta may resume operations in the second and third quarters.
    • Intertanko: Shipping 'under threat' from piracy
      Piracy in the Indian Ocean is rapidly getting out of control and is threatening to disrupt flows of oil to markets in the US and around the world, according to an oil shipping industry association.
    • Al-Shahristani: Baghdad wants changes in oil deals
      Iraq's Deputy Prime Minister Hussain Al-Shahristani, who oversees energy for the government, said Kurdistan's production-sharing contracts (PSCs) with international oil companies (IOCs) must be turned into service contracts in order to be approved by the central government.

Related Articles

BP could be fined up to $13.7 billion for Macondo spill

01/16/2015 The US District Court for the Eastern District of Louisiana ruled under Phase 2 of the MDL 2179 civil trial that 3.19 million bbl of oil were disch...

Market watchers’ adjustments offer hints of recovery

01/16/2015 Because markets look ahead, changes in standard forecasts offer potentially important signals during storms such as the one now pummeling the oil a...

BHI: US rig count plunges 74 units, hits lowest total since October 2010

01/16/2015 The US drilling rig count plunged 74 units—all on land—to settle at 1,676 rigs working during the week ended Jan. 16, Baker Hughes Inc. reported. T...

EPA proposes amendments to oil-spill contingency requirements

01/16/2015 The US Environmental Protection Agency proposed amendments to federal requirements covering responses to crude-oil spills. Comments will be accepte...

RWE Dea, LetterOne agree on revised sale valued at €5 billion

01/16/2015 RWE AG, Hamburg, and LetterOne Group, Luxembourg, have agreed to complete the sale of RWE Dea in its entirety by early March, at latest, for €5 bil...

Norway liquids production declined in December, NPD says

01/16/2015

Norway’s oil, natural gas liquids, and condensate production averaged 1.916 million b/d in December, about 2% less than November.

Gazprom Neft receives two Arctic Shelf exploration licenses

01/16/2015 Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf a...

Harvest seeks arbitration against Venezuela

01/16/2015 Harvest Natural Resources Inc., Houston, is seeking international arbitration against Venezuela, alleging the country’s government has thwarted eff...

MARKET WATCH: NYMEX falls more than $2/bbl on OPEC forecast

01/16/2015 Crude oil prices fell by more than $2/bbl on the New York market Jan. 15 while Brent prices dropped by about $1/bbl after the Organization of Petro...

White Papers

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

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Available Webcasts



The Future of US Refining

When 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



On Demand

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


Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Looking for past issues? Click here.

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