Table of Contents

Oil & Gas Journal

06/30/2014
Volume 112, Issue 6d
140630ogj_cvr
  • Regular Features

    • OGJ Newsletter

      International news for oil and gas professionals

    • Journally Speaking

      • A gulf fish tale

        About 35 years ago, 10 exploratory wells were drilled in the US portion of the Georges Bank basin 120 miles off Cape Cod, Mass. Environmentalists came out against drilling, and their arguments, including the claim that the fishing industry would be destroyed, were ultimately persuasive. Drilling ceased, yet to be restarted.

    • Editorial

      • When judges set policy

        Environmental policy set by judges can thrill lawyers but confound everyone else. This, of course, explains the energetic litigiousness of environmental groups unable to work their will politically.

  • General Interest

    • LNG exports dominate Senate committee hearing on US gas potential

      LNG exports quickly took center stage at a June 19 US Senate Energy and Natural Resources Committee hearing to examine "how to harness a game-changing resource for export, domestic consumption, and transportation fuel."

    • FERC approves Cameron LNG liquefaction, export project

      The Federal Energy Regulatory Commission authorized Cameron LNG LLC's plan to build and operate facilities to liquefy and export natural gas from its existing LNG import terminal in Hackberry, La.

    • Watching Government: Reforming Indian oil valuation

      The US Department of the Interior has proposed regulations for valuing crude oil produced on American Indian leases. The rules would offer greater simplicity, certainty, and clarity in Indian oil valuation and could boost Indian Country royalties by $20 million/year, DOI said on June 18.

    • Barrasso questions purpose of Senate Energy panel's Keystone vote

      As he announced his support for it, US Sen. John A. Barrasso (R-Wyo.) said the Energy and Natural Resources Committee's vote on Chairwoman Mary L. Landrieu's (D-La.) bill to bypass the White House and approve the Keystone XL crude oil pipeline "seems more like a cheerleading exercise than a meaningful effort to get Keystone built."

    • API urges EPA administrator to quit delaying ethanol mandates

      The American Petroleum Institute urged the US Environmental Protection Agency to quit dragging its feet and issue final 2014 ethanol blending quotas that are months overdue.

    • Crude prices could climb if Iraq instability persists, SAFE warns

      Despite continuing US production increases, global crude oil prices could climb as much as $40/bbl if instability in Iraq persists, Securing America's Future Energy (SAFE) warned in a recent report.

    • EAGE: Southern North Sea yields discoveries, despite conventional wisdom

      In production since 1965, the southern North Sea has long been perceived as a mature play with very few new opportunities. While the region's production has remained stable, operators focused in the region have been forced to look outside of the productive fairways and other areas to find additional reserves.

    • Supreme Court ruling mixed on GHG regulation

      The US Supreme Court has asserted limits to the Environmental Protection Agency's authority to regulate greenhouse gases (GHGs) specifically but approved limitation of GHG emissions from plants subject to control of other pollutants covered by the Clean Air Act.

    • E&Y: US oil, gas companies' reserves, profits up in 2013

      A slight decrease in capital spending by US oil and gas companies in 2013 gave way to a 9% increase in oil and gas reserves, strong oil prices, and improving natural gas prices, Ernst & Young reported June 24 in its annual US oil and gas reserves study.

    • API: US production outpaced petroleum demand in May

      US crude oil production in May increased 14.7% from May 2013 to 8.3 million b/d - the highest level for the month since 1987 - according to a report from the American Petroleum Institute.

    • ICF: US needs ethane export capacity to sustain shale gas boom

      Greater investment in infrastructure is needed to ensure that rising NGL production in the US can reach international markets. Without it, a glut will form, placing downward pressure on prices and eroding the economics of shale gas drilling.

    • The Editor's Perspective

Related Articles

Sunshine Oilsands appoints chief executive officer

12/15/2014

Sunshine Oilsands Ltd., Calgary, has appointed Luo Hong as chief executive officer and Jiang Qi as president and chief operating officer.

Pertamina plans $25 billion revamp of Indonesian refineries

12/15/2014 PT Pertamina (Persoro) has entered agreements with Saudi Aramco, JX Nippon Oil & Energy Corp., and China Petroleum & Chemical Corp. (Sinope...

Woodside to buy Apache’s interests in Wheatstone, Kitimat LNG for $2.75 billion

12/15/2014 Woodside Petroleum Ltd. has agreed to acquire interest in the Wheatstone LNG and Kitimat LNG projects, respectively in Western Australia and Britis...

Husky, CNOOC start gas production at Liuhua 34-2 field

12/15/2014 Husky Energy Inc. and China National Offshore Oil Corp. Ltd. reported the start of natural gas production at the Liuhua 34-2 gas field in the South...

MARKET WATCH: OPEC basket price closes below $59/bbl

12/15/2014 The average crude oil basket price for the 12 members of the Organization of Petroleum Exporting Counties closed below $59/bbl on Dec. 12 while cru...

EIA: US proved oil, gas reserves continue to climb

12/15/2014 US proved reserves of oil and natural gas have increased by 9% and 10%, respectively, according a recent report from the US Energy Information Admi...

Gas agreement seen firming China-Russia energy ties

12/15/2014 A Nov. 9 framework agreement for another large gas-supply deal between OAO Gazprom and China National Petroleum Corp. remains far from concluded bu...

Falling prices may pose new test for China oil policies, speakers say

12/15/2014 China, which successfully revised its oil strategy in response to new technologies since 2008, could face fresh tests if prices stay low for a prol...

Watching Government: Russia: On the ropes?

12/15/2014 Russia's Dec. 1 cancellation of its South Stream natural gas pipeline was not surprising. European nations have signaled for years that they intend...

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Available Webcasts


On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

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Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

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Utilizing Predictive Analytics to Optimize Productivity in Oil & Gas Operations

Tue, Nov 18, 2014

Join IBM on Tuesday, November 18 @ 1pm CST to explore how Predictive Analytics can help your organization maximize productivity, operational performance & associated processes to drive enterprise wide productivity and profitability.

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US HYDROCARBON EXPORTS Part 3 — LNG

Fri, Nov 14, 2014

US LNG Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports.

A discussion of the problems and potential for the export of US-produced liquefied natural gas.

These and other topics will be discussed, with the latest thoughts on U.S. LNG export policy.

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