International news for oil and gas professionals
By its nature, work on thwarting cyber-attacks against oil and gas companies and their assets is an incremental process.
New international responses to expansionism by Russia and China, coupled with an interestingly timed pipeline announcement, highlight the often ironic interconnectedness of modern energy relations.
Economic wounds self-inflicted in service to energy fashion have helped push Canada toward uncharacteristic instability.
The US Department of Energy retained Denver-based Meagher Energy Advisors Inc. on Apr. 22 to sell Naval Petroleum Reserve No. 3 (NPR-3) in Wyoming—better known as Teapot Dome.
Oil & Gas Journal's semiannual Worldwide Construction Update shows an increase in refining construction activity compared with the previous edition of the update.
More oil and gas wells are drilled onshore than offshore, requiring more man hours and creating more exposure to risk. As a result, onshore drilling consistently has higher lost-time-incident (LTI) rates and total-recordable-incident (TRI) rates than offshore.
This final installment of our four-part series examining end-of-life production in the deepwater Gulf of Mexico (GOM) applies three forecast models to infer expected short, medium, and long-term decommissioning schedules for all GOM structures that sit in water deeper than 400 ft.
Australia will be a key player in the global trade in natural gas for several decades, at least. This influence is based on projects already operating or under construction and does not rely on speculation regarding possible future project development.
With the price of crude oil elevated in the first half of the 2000s by failure of world oil supply to keep pace with growing world oil demand—as was argued in the first article in this series—demand seems poised to grow again.
Royal Dutch Shell PLC hopes to operate the world's first successful commercial carbon capture and storage (CCS) project by the end of the decade.
A full slate of response tools will be needed to address crude oil spills in the US Arctic, but not all of those tools are readily available, the National Research Council said in a new report.
Candidates' stances on whether to complete the proposed Keystone XL crude oil pipeline and other energy issues potentially could affect midterm congressional elections this November, a survey commissioned by the American Petroleum Institute suggested.
Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region's pipeline takeaway capacity, which has led to supply backups in the region, the US Energy Information Administration reported in a weekly gas report.
The North American oil and gas market started the year on a good note during the first quarter as a cold winter brought relief to producers and refiners while Mexico progressed on energy reform, Ernst & Young said in its US quarterly report on the industry.
The US natural gas industry received a preview of a new regulatory push on Apr. 15 when the Environmental Protection Agency published white papers on emissions of methane and volatile organic compounds (VOCs) in five operational categories.
According to annual reports from 42 international oil and natural gas companies that have reported data on upstream expenditures since 2000, total upstream spending by these companies increased 0.4% in 2013, relatively flat compared with an average increase of 11%/year during 2000-12.
US petroleum product exports in 2013 averaged 3.5 million b/d, up 10% from levels in 2012, according to the US Energy Information Administration. In December 2013, US exports of petroleum products reached 4.3 million b/d, the first time to exceed 4 million b/d in a single month.
Marathon Petroleum Corp. is taking the next step toward construction of a proposed $2.2-2.5 billion upgrade to its 522,000-b/d Garyville, La., refinery.
Sweeping changes to Mexico's hydrocarbon laws will open the country for private operators to invest in oil and gas exploration and production and to book reserves secured by a variety of contracts.
Development of large natural sources of CO2 in Colorado (McElmo Dome/Doe Canyon) and New Mexico (Bravo Dome) plus construction of high-volume CO2 pipelines enabled CO2 enhanced oil recovery (CO2-EOR) to achieve its first burst of growth in the Permian basin starting in the 1980s.
Well productivity is reduced by formation damage caused by drilling fluids, especially in horizontal wells.
In February 2014, ExxonMobil Corp. issued an updated assay for diluted bitumen from the Kearl oil sands project in Canada's northern Athabasca region, about 47 miles northeast of Fort McMurray, Alta.
Operating natural gas processing plants under fluctuating commodity pricing, inlet conditions, and equipment performance capabilities is difficult. Under such conditions, processors typically operate their plants in either full ethane recovery or full ethane rejection.