International News for oil and gas professionals
A new United Nations report suggests an imminent danger from global warming. It states that without drastic action we may have "to develop the ability to suck greenhouse gases out of the atmosphere and store them underground".
The Eagle Ford shale is one of the largest oil fields in the US and quite possibly the largest single economic development in the history of Texas.
What something costs is important. It's important in personal decisions about what to buy and what not to buy. It's important in governmental decisions about what policies to adopt and what policies to reject.
When a top official of the US government disparages opponents in an aggressive talk about an important subject, he ought to have his facts straight. In a Feb. 16 diatribe on climate change in Jakarta, Sec. of State John Kerry didn't bother.
Africa's oil and gas map is changing. Can countries there with potentially lucrative supplies avoid the so-called "resource curse?"
Oil and gas industry capital spending in the US will increase 5.2% in 2014 to $338 billion, according to Oil & Gas Journal's annual spending report. Capital expenditures also will climb in Canada this year, up 2.4% to $80 billion (Can.).
Bijan Namdar Zanganeh, after being endorsed by the Iranian parliament as the new oil minister, said, "The revival of Iran's lost share in the oil market is my top priority."
China plans to develop more domestic natural gas supplies, including some from unconventional sources, and increase its gas imports to reduce its reliance on coal and address its air pollution problems, the energy division leader in the country's Institute of World Economics and Policy said.
The final report from the Wood Review of oil and gas operations on the UK Continental Shelf (UKCS) provides more details of the strategy for "maximizing economic recovery" (MER) there.
US Senate Energy and Public Works Committee Chair Barbara Boxer (D-Calif.) and committee member Sheldon Whitehouse (D-RI) jointly asked US Sec. of State John F. Kerry to fully examine potential health impacts before making a decision on the proposed Keystone XL crude oil pipeline.
Legislation authorizing Nebraska Gov. Dave Heineman (R) to approve a route for the proposed Keystone XL crude pipeline is unconstitutional under state law, a district court in the state ruled on Feb. 19.
The US oil and gas industry continues to work with the federal government and railway industry to improve transportation of crude oil by rail, American Petroleum Institute Pres. Jack N. Gerard said.
The US Bureau of Land Management released a draft environmental review for the first proposed petroleum development in the National Petroleum Reserve-Alaska (NPR-A).
Colorado's Air Quality Control Commission approved comprehensive changes to rules governing oil and gas activities in the state, including the nation's first-ever regulations designed to detect and reduce methane emissions.
The Siluro-Devonian is one of the hottest oil and gas plays in the Illinois basin.
The future of Haynesville production is unforeseeable, yet trends can be postulated for a range of drilling scenarios.
A compression train on Hess Denmark's South Arne platform in the Danish North Sea required rerating to meet a planned production profile. The train consisted of motor driven, fixed-speed back-to-back flash-gas compressors.
The deepwater Gulf of Mexico (GOM) is the largest source of domestic oil production in the US and a laboratory for deployment of advanced drilling and development technologies.
US ethylene producers will complete four incremental expansions and continue to increase ethane-based production capacity in 2014. These projects will increase capacity by 2.8 billion lb/year.
Modification in 2003-04 of Polish Oil & Gas Co.'s (PGNiG) nitrogen rejection unit (NRU) at its natural gas and helium plant in Odolanow addressed a feed-gas composition that differed from the one for which the plant was originally designed in the 1970s.
North American pipeline capacity did not adapt quickly enough to rapidly growing crude oil production, resulting in supply bottlenecks. Now that a build-out is under way, a glut of light sweet crude will likely emerge on the US Gulf Coast.
Straight-forward preventative measures can reduce evaporative losses from tanks by 95%, with attendant economic and environmental benefits. Reducing evaporation also helps preserve product quality and reduces fire risk.