Iran's National Petrochemical Co. (NPC) is adding a new world-scale olefins plant and derivatives units at its massive Bandar Imam petrochemical complex.
Louisiana Panaco Inc., Houston, established gas and condensate production from Miocene Marg A-24 as the deepest producing sand in Price Lake field, Cameron Parish.
I have long admired OGJ for presenting the more practical and "hands-on" type of papers, as opposed to those intended for a more academic readership. This particular article, however, has extended the envelope much too far.
Recent work by Enterprise Oil has shown that the deepwater extension of the Tarfaya basin, located in the Atlantic Ocean off western Morocco, has the potential to become a major hydrocarbon province.
With the goal of reducing national dependence on oil revenues, Iran has created fiscal and operational incentives aimed at drawing foreign capital into its petrochemical industry.
Dow Chemical Co., Midland, Mich., and Union Carbide Corp., Danbury, Conn., vaulted themselves into the number two position among chemicals producers by announcing a planned merger Aug. 4 (OGJ, Aug. 9, 1999, Newsletter). If approved, the $11.6 billion transaction will create a new Dow Chemical with $24 billion in revenues, a market capitalization of $35 billion, and assets of more than $30 billion.
Development of a dual-gradient, mud-lift drilling system may push operational limits well beyond 10,000 ft of water, resulting in fewer casing strings and greater safety margins between pore pressure and fracture gradients.
New developments in gas-detection technologies, including high-speed chromatographs and microwave ovens, provide mud loggers and operators with improved means for reservoir interpretation.
The second failure prompted a thorough re-assessment of the condition of the pipeline. This involved large-scale excavations for inspection and repairs as well as re-analyzing intelligent pig data gathered several months earlier.
Refining Calgary firefighters on Aug. 9 brought under control a fire that burned for 10 hr after a series of explosions at Hub Oil Co. Ltd.'s used oil recycling plant in southeastern Calgary, according to local reports. Five workers were reported injured by the blaze. Still unaccounted for at presstime were two plant employees.
The U.S. Department of Commerce has rejected a landmark trade case that accused Saudi Arabia, Venezuela, Mexico, and Iraq of dumping crude oil at unfair prices in the U.S.
Only Congress can fix the dilemma created by the U.S. oil producers who failed last week to win protection against foreign competition. Congressional oblivion helped create the impasse.
The new Skilmatic 301/302 valve actuator line includes seven quarter turn models for emergency shutdown, fail safe isolation, and fire damper applications. The new actuators feature installation simplicity of single phase 120 v or 240 v ac power and economy of using virtually no power in set position. A patented, totally sealed electrohydraulic drive eliminates the complications of pneumatics, accumulators, pumps, and compressors, the firm points out.
Positive indicators are proliferating for the downstream side of the petroleum business, belatedly catching up to the good news that oil and gas producers have been experiencing in recent months.
