Table of Contents

Oil & Gas Journal

03/24/2014
Volume 112, Issue 3c
140324ogj-cvr
  • Regular Features

    • OGJ Newsletter

      International news for oil and gas professionals

    • Journally Speaking

      • Gasoline price games

        Let's assume you're a typical American, typically scornful of the oil and gas industry. You don't work for the industry. You don't know much about it. In fact, your only direct contact with the industry occurs when you buy gasoline.

    • Editorial

      • Export short-sightedness

        Opposition by specific refiners to US exports of crude oil should surprise no one. The export ban suppresses the price of domestically produced light, sweet crude oil relative to that of comparable international crude over time.

  • General Interest

    • Witnesses disagree on Keystone XL's potential US security impacts

      Witnesses at a US Senate Foreign Relations Committee hearing sharply disagreed on whether the proposed Keystone XL crude oil pipeline would help or hinder US security.

    • INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

      An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natural gas liquids infrastructure from 2014 through 2035, the INGAA Foundation forecasts in a recent study.

    • BOEM: Firms bid $850 million in high bids in central gulf lease sale

      The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks, resulting in a total of $850 million in apparent high bids. The lease sale was held Mar. 19 in New Orleans.

    • EPA lifts post-Macondo contract suspension in agreement with BP

      The US Environmental Protection Agency and BP PLC reached an agreement that will effectively end the bar on new federal contracts imposed on the multinational oil company in the wake of the 2010 Macondo deepwater well incident and crude oil spill.

    • New York county puts freeze on Bakken crude

      Government officials in Albany County, NY, have issued a moratorium on Global Partners LP's plans to increase the processing of Bakken crude oil at the Port of Albany pending a public health investigation by the county's health department.

    • Begich objects to House Democrats' NPR-A comment extension request

      US Sen. Mark Begich (D-Alas.) let three US House Democrats know he did not approve of their request for the US Bureau of Land Management to add 30 days to the public comment period for the Greater Mooses Tooth draft supplemental environmental impact statement covering a proposed oil development within the National Petroleum Reserve-Alaska (NPR-A).

    • Watching Government: Alaska's ANWR reminder

      Alaska's state government apparently doesn't want people to forget there's still significant oil and gas potential beneath the Arctic National Wildlife Refuge's coastal plain amid talk of incredible possible domestic supplies in tight shales and deep offshore.

    • Chevron to increase production, maintain capex level through 2017

      Chevron Corp. will increase production by 20% through 2017 without raising capital expenditures, executives said Mar. 11 at the company's annual security analyst meeting in New York.

    • BPTT adds to reserves at Angelin offshore Trinidad and Tobago

      BP Trinidad & Tobago's (BPTT) Ocean Bottom Cable Seismic (OBCS) has already added significant proved reserves to its Angelin gas discovery in 80 m of water offshore the east coast of Trinidad and Tobago, the company said.

    • IEA: Global oil demand revised upward on stronger data

      Global oil demand in 2013 rose by 1.3 million b/d year-over-year to 91.3 million b/d, according to the latest, near-complete set of demand data for the year, the International Energy Agency said in its most recent monthly Oil Market Report.

    • The Editor's Perspective

Related Articles

Oil-price collapse may aggravate producing nations’ other problems

02/05/2015 The recent global crude-oil price plunge could be aggravating underlying problems in Mexico, Colombia, and other Western Hemisphere producing natio...

North Reggane gas project development drilling starts in Algeria

02/05/2015

The North Reggane consortium has started development drilling at its gas project in the Algerian Sahara.

Oil production begins at Nasr Phase-1 offshore Abu Dhabi

02/05/2015 The first phase of Nasr oil field offshore Abu Dhabi will be producing 22,000 b/d by yearend, according to United Arab Emirates news agency WAM.

Woodside lets FEED contract for Greater Western Flank project

02/05/2015 Woodside Petroleum Ltd. has let a contract to Wood Group Kenny for the front-end engineering and design for the flowline system and associated proc...

Goodlatte reintroduces bills to repeal, reform RFS

02/05/2015 Calling it “a true ‘kitchen table’ issue,” US Rep. Bob Goodlatte (R-Va.) reintroduced a pair of bills to address problems in the federal Renewable ...

Petrobras finds oil accumulations with Campos basin’s Basilisco well

02/05/2015 Petroleo Brasileiro SA (Petrobras) has discovered heavy oil accumulations at reservoir depths of 3,190 m and 3,521 m while drilling its Basilisco w...

MARKET WATCH: NYMEX oil drops, ending 4-day rally

02/05/2015 Crude oil prices dropped on the New York market Feb. 4 to settle below $50/bbl and to end a 4-day rally after a weekly government report showed oil...

EPA offers new, twisted excuse to stall Keystone XL

02/05/2015 Anyone puzzled by the delay in approval of the Keystone XL pipeline border crossing—running 6 years now, and counting—should read the Obama adminis...

Alberta’s premier seeks more North American energy integration

02/05/2015 Better policy integration and cooperation will be needed for Canada, Mexico, and the US to fully realize the North American energy renaissance’s po...

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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.

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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.

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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.

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