International news for oil and gas professionals
I greatly enjoy all I learn from reading Oil & Gas Journal. But I never agree with any of your opinions expressed in "The Editor's Perspective."
Turning over a new year seems naturally to prompt thoughts of immediate and distant futures.
Data in Oil & Gas Journal's annual Forecast & Review place into useful perspective the oil-supply boom under way in the US.
The eternal drama about natural gas for Europe from suppliers to the east played on multiple stages the week of Dec. 16.
The single biggest oil and gas question for 2014 may be whether long-cherished US policies and assumptions can change to reflect surprising new realities. The fact that it's also going to be an election year isn't encouraging.
While economies of the US and most other industrialized countries will strengthen this year, all of the world's oil consumption growth of 1.1 million b/d will occur in emerging markets.
Russia has enacted amendments to its Gas Export Law that somewhat loosen Gazprom's monopoly in this area—but in a carefully targeted way applicable just to certain LNG exports from particular sources.
Iran is unlikely to increase its crude oil production much as the Nov. 24 nuclear agreement it reached with Western governments is implemented, speakers at a recent industry forum agreed.
A Canadian federal Joint Review Panel (JRP) recommended that the Canadian federal government approve Enbridge Inc.'s Northern Gateway crude oil export project, subject to 209 required conditions.
A Chesapeake Energy Corp. subsidiary agreed to spend $6.5 million to restore 27 sites damaged by unauthorized discharges of fill material into streams and wetlands at its West Virginia natural gas production sites to settle charges that it violated the Clean Water Act (CWA), the US Department of Justice and Environmental Protection Agency jointly announced on Dec. 19.
The US Department of the Interior has taken important steps to help ensure a fair return on federal oil and gas resources, but does not have documented procedures to periodically review its fiscal system, the Government Accountability Office said in a report released Dec. 17.
The US Bureau of Land Management found no significant potential impact from Anadarko Petroleum Corp.'s proposed development of the Monell and Arch units of the Patrick Draw oil and gas field, BLM's Rock Springs field office said as it issued a decision record.
The recent reversal of the declining trend of US oil production is largely due to production from unconventional or "continuous" low-permeability reservoirs by use of multistage hydraulic fracturing of horizontal legs of exploration wells.
Well construction costs comprise the largest component of the capital expenditures required in onshore developments, typically ranging 70-90% of total project costs.
A study of reserve and production potential for the Fayetteville shale in north central Arkansas, forecasts a cumulative 18 tcf of economically recoverable reserves by 2050, with production declining to about 400 bcf/year by 2030 from the current peak of about 950 bcf/year.
In 2005, the US was the world's largest importer of petroleum products, with net volumes averaging almost 2.5 million b/d, according to the US Energy Information Administration (EIA).
This article presents criteria that should be considered in preparing a short list of acid-gas removal processes that seem to be appropriate to meet treated-gas specifications. Final selection is on the basis of technical and economic criteria.
Here are yearly values for the Nelson-Farrar refinery inflation cost index since 1926.
Coupling the complex US regulatory patchwork covering truck and rail transportation with the recent boom of nonpipeline transport of oil products, oil companies must understand and comply with far-reaching and potentially intermingled regulations.
Analysis of the residual fatigue life of X70-grade pipeline steel with a semi-ellipse defect shows the maximum stress intensity factor under the influence of the flow field to be higher than the value under a simple pressure load at the defect site.