Oil and gas industry investment and activity levels in the second half of 1999 depend on whether members of the Organization of Petroleum Exporting Countries keep production close to quotas adopted in March.
Jordan resides on the northwest flank of the Nubo-Arabian Shield, along the eastern flank of the Dead Sea transform, and on the southern shore of the ancient Tethys Ocean. The transgression-regression of the Tethys resulted in depositing the sediments in different environments. The tectonic evolution of Jordan resulted in the formation of three types of sedimentary basins; these basins have different geological history, which led to the conclusion that two main play concepts exist in the differe
In need of added natural gas export capacity, Gazprom is looking at building two more gas pipelines parallel to its planned 1,213-km Blue Stream gas pipeline, to be laid from Izobilnoye, Russia, across the Black Sea to Ankara.
International Egyptian Oil Co. (IEOC) acquired interests in two fields-one in the southwest Gulf of Suez and the other in the Nile Delta-held by Marathon Egypt, a subsidiary of Marathon Oil Co., Houston.
Although it is getting easier for exploration and production firms to think of the oil price revival as an enduring recovery, it will be a while before the effects of the upturn trickle down to the contract drilling market.
The American Petroleum Institute reports that, although oil prices have doubled for U.S. producers since the low of $8/bbl last December, the industry's recovery from economic depression has been slow.
Shell CO2 Co. Ltd., Houston, is preparing to establish a pilot CO2 flood project in a Kansas oil field. The work will be performed jointly by Shell CO2 Co., MV Partners LP of Wichita, and Kansas University's Energy Research Center.
Shell Prospecting Africa BV will start negotiations with Onarep to obtain exploration permits on the Cap Ghir Haute Mer and Anza Haute Mer areas off Morocco. Shell held reconnaissance permits on the areas that covered 8,445 sq km and 5,000 sq km, respectively.
Company mergers steal the headlines, and consolidation is rapidly reducing the number of companies in the industry. Cost-cutting has reduced the number of employees and has hit operating companies, service and supply companies, trade associations, and government agencies.
Avert II for Windows 95-98/NT operating systems provides relational data base power to give information on all facets of maintenance record keeping with regards to pressure relief devices, control/process valves, pumps/compressors, and vessels. This includes addressing the Process Safety Management (PSM) requirements of OSHA 1910.119. Avert allows users to generate and analyze data plus create reports without hours of work.