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

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Available Webcasts

On Demand

OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

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Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

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Cognitive Solutions for Upstream Oil and Gas

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.

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

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.

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