Table of Contents

Oil & Gas Journal

02/28/2011
Volume 109, Issue 9
110228 OGJ cover.jpg
  • Regular Features

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

      • No shortage of strange news
        With all the momentous, world-changing events taking place in the news recently—from the escalating civil unrest in Libya to the breakdown of long-standing ruling governments of other North African nations—it's amazing to see that there remains no shortage in news of the weird and wacky variety to break up some of the seriousness.
    • Editorial

      • Going broke going green
        Spending by governments on "green energy jobs" as a cure for economic ills makes no sense.
    • EQUIPMENT | SOFTWARE | LITERATURE
    • Advertisers Index
    • The Editor's Perspective

    • Market Journal

      • Volt vehicle lags on green list
        In another indication that Chevrolet's hybrid-electric Volt may become the next Edsel-size automotive disaster, the car barely placed in the recent American Council for an Energy Efficient Economy's (ACEEE) annual Green Book ratings of the most environmental friendly vehicles, coming in last at unlucky 13.
  • General Interest

    • Investment fervor continues for US, Canadian shale gas plays
      National oil companies, international oil companies, and others are investing in US and Canadian shale gas plays in an accelerating trend that analysts expect will continue to drive North American merger and acquisition activities throughout 2011.
    • Hess plans to double its Bakken production by yearend
      Hess Corp. produced 20,000 boe/d from North Dakota's Bakken oil play as of yearend 2010, and it expects to double production there by yearend 2011, executives said during an earnings conference call.
    • MWCC completes, tests interim deepwater containment system
      Marine Well Containment Company (MWCC) announced it completed and tested an initial well containment response system available for a well control incident in the deepwater Gulf of Mexico.
    • IOCs departing Libya ahead of stepped-up violence
      International oil companies (IOCs), led by Italy's Eni SPA, are either evacuating or making plans to evacuate Libya as increased violence in the North African country heralded the possible end to the 41-year rule of the country's leader, Muammar Qaddafi.
    • Watching The World: Cybercrooks target IOCs
      The oil and gas industry experienced a shock last week on learning from a US cyber security firm that hackers based in China had compromised the computer networks of at least five international oil companies (IOCs).
    • Aramco launches products trading unit
      Saudi Aramco, as part of a previously announced program of diversification, said it has established a wholly owned products trading subsidiary, Saudi Aramco Product Trading Co.
    • Deutsche Bank: Pipelines explain WTI discount to Brent
      Increased pipeline capacity to bring crude oil to Cushing, Okla., has resulted in more oil flowing into PADD 2 than the refinery system there can handle, and therefore the landlocked crude is trading at a persistently wide discount to comparable global crudes, according to a research note released this month by Deutsche Bank Securities Inc.
    • Congressman to reintroduce bill to federally regulate fracing
      US Rep. Maurice D. Hinchey (D-NY) said he will reintroduce legislation to federally regulate hydraulic fracturing under the Safe Drinking Water Act.
    • Salazar orders fresh look at first round of oil shale leases
      The US Bureau of Land Management will take a fresh look at commercial oil shale rules and plans that the Bush administration issued in 2008 to determine if they need to be updated to reflect the latest research and technologies, to account for expected water demands in the arid US West, and to ensure they provide a fair return to the taxpayer, said US Interior Sec. Ken Salazar.
    • BOEMRE budget request grows amid cutbacks elsewhere in DOI
      The US Bureau of Ocean Energy Management, Regulation and Enforcement would receive 50% more in fiscal 2012 than its enacted 2010 budget, which continued into 2011, under the Obama administration's proposed federal budget.
    • Watching Government: Government's R&D focus
      Disregard the Obama administration's elimination of oil and gas research and development from its proposed fiscal 2012 budget for the US Department of Energy.
    • Judge finds DOI in contempt for imposing second deepwater ban
      A federal district court judge in New Orleans found the US Department of the Interior in contempt of his order to lift a moratorium on deepwater drilling, which DOI imposed following the Macondo well accident and oil spill last spring.
Related Articles

Oil forecasts need a new asterisk for supply instability

02/13/2015

Do projections of worldwide oil supply need another asterisk?

BOEM publishes second final SEIS for 2008 Chukchi Sea lease sale

02/13/2015 The US Bureau of Ocean Energy Management published a fresh supplemental environmental impact statement for a Chukchi Sea federal oil and gas sale o...

BHI: US rig count continues 11-week dive, loses 98 more units

02/13/2015

The US drilling rig count plunged 98 units to settle at 1,358 rigs working during the week ended Feb. 13, Baker Hughes Inc. reported.

Lukoil lets contract for Uzbekistan gas processing plant

02/13/2015 Russia’s OAO Lukoil has let a contract to a consortium headed by South Korea’s Hyundai Engineering Co. Ltd., Seoul, for the construction of its lon...

Vaalco reports results from Etame 10-H development well

02/13/2015 Vaalco Energy Inc., Houston, reported start of production from its Etame 10-H development well, the second such well drilled from the recently inst...

Horn Petroleum to reduce Puntland exploration program

02/13/2015 Horn Petroleum Corp., Vancouver, BC, will reduce its presence in Bosaso, Puntland (Somalia), and will “refrain from any operational activity and as...

Birol named to IEA executive director post

02/13/2015 The International Energy Agency’s governing board confirmed the appointment of Fatih Birol as the agency’s next executive director. Birol succeeds ...

Partners submit Johan Sverdrup development plan

02/13/2015 Partners Statoil ASA, Lundin Petroleum AB, Petoro, Det Norske Oljeselskap ASA, and Maersk Oil have submitted a plan for development and operation (...

Mangalore refinery reports steady operations following expansion

02/13/2015 Operations are proceeding smoothly at Mangalore Refinery & Petrochemicals Ltd.’s (MRPL) refinery in Mangalore, India, following the recent comp...

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


US Midstream at a Crossroads

When 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



On Demand

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