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

Phillips 66 1Q earnings decline 37%

05/01/2015 Phillips 66 reported first-quarter earnings of $987 million, down from $1.6 billion during first-quarter 2014. Adjusted earnings were $834 million,...

BHI: US rig count loses 27 units, down 1,015 units since Dec. 5

05/01/2015 The US drilling rig count fell 27 units—all on land—to 905 rigs working during the week ended May 1, according to data from Baker Hughes Inc. The c...

Nasser named acting president, CEO of Aramco

05/01/2015 Amin H. Nasser has been named as the acting president and chief executive officer of Saudi Aramco following the appointment Khalid A. Al-Falih to t...

BLM fracing variance inadequate, Wyo. official tells Senate panel

05/01/2015 The US Bureau of Land Management’s final hydraulic fracturing rule allows states with their own requirements to seek a variance under which their r...

US, Canada jointly release crude-by-rail transportation rules

05/01/2015

The US and Canada simultaneously issued new regulations governing transportation of crude oil and other hazardous materials by rail.

Central Tunisia discovery yields 4,300 b/d

05/01/2015 The Chouchet El Atrous-1 (Cat-1) well, drilled by Mazarine Energy Tunisia BV in the Zaafrane permit in central Tunisia, has discovered two net oil-...

Chevron 1Q earnings decline 43%

05/01/2015 Chevron Corp. reported first-quarter earnings of $2.6 billion, down from $4.5 billion in first-quarter 2014. Sales and other operating revenues in ...

Senate Democrats offer bill to phase out older rail tank cars

05/01/2015 Legislation to accelerate the phase-out of older rail tank cars to reduce accidental crude oil spills has been introduced by Finance Committee Rank...

Kina spuds first well in northern Papua New Guinea in decades

05/01/2015

Papua New Guinea-focussed Kina Petroleum Ltd. has begun drilling its Raintree-1 wildcat in the northern part of that country.

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What is System Level Thermo-Fluid Analysis?

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Available Webcasts


Cognitive Solutions for Upstream Oil and Gas

When Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

When Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST



On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

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Global LNG: Adjusting to New Realities

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?

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