Monitoring And Education Help Seismic Crew Protect Environment In Transition-Zone Survey
Surveyors in the Delta Wildlife Refuge discovered what is believed to be the first natural rookery for the highly endangered Mottled Duck. A program based on active monitoring and education helped Western Geophysical late last year complete a large speculative 3D seismic survey in a sensitive Louisiana transition zone without creating the need for environmental remediation.
Crude Oil Greenhouse Gas Life Cycle Analysis Helps Assign Values For CO 2 Emissions Trading
Emissions of carbon dioxide are already being assigned monetary values. For example, BP is trading CO 2 internally, and Suncor has bought CO 2 trading credits across the U.S.-Canada border. There is much other rising activity in the greenhouse gas trading game, even before any real formalizing of the Kyoto agreements has been achieved.
Enzyme-Based Diesel Desulfurization Process Offers Energy, CO 2 Advantages
Refiners faced with the dilemma of reducing the sulfur content of diesel fuel while also lowering carbon dioxide emissions may benefit from biodesulfurization (BDS), a proprietary process that uses enzymes to remove sulfur from petroleum. Biodesulfurization is expected to provide refineries a cost-effective method of meeting the new lower-sulfur standards while providing lower energy consumption and, thus, lower CO 2 . Recent studies show that energy requirements and CO 2 generation will be
Camisea Case Study: Working With Environmental Concern
On July 16, 1998, Shell Prospecting and Development Peru issued an unexpected announcement. Alongside Mobil, its partner, SPDP was withdrawing from Camisea, Peru, after more than $250 million had been invested in exploration, appraisal drilling, and engineering design over the previous 2 years. Although these two oil giants could not reach an agreement with the Peruvian government, managers involved in the project believe that the work they carried out in the region set a benchmark for
Newfield balances experience, technology for success in the Gulf of Mexico region
An initial exploration well drilled in late 1997 on East Cameron Block 287, next to Block 286, in the Gulf of Mexico found 125 ft of net gas pay in two sands. Operator Newfield Exploration Co. has since drilled four successful wells and installed a platform and production facilities on East Cameron 286/287 Blocks. Newfield expects production from the blocks to reach 30-35 MMcfed property during 1999. Photo courtesy of Newfield. Newfield Production Growth [71,875 bytes]
Independents told to reorient in order to grow
U.S. independent natural gas producers will have to reorient their businesses, bolster their returns on equity, and essentially regain control over the flow of their commodity to ensure a stronghold in the industry for the foreseeable future. This was at the core of a speech given last month by John E. Olson, senior vice-president of Sanders Morris Mundy's natural gas group to members of the Independent Petroleum Association of America (IPAA). Sanders Morris Mundy is a Houston brokerage
No obituaries yet, says BP Amoco chief
In his first major public speech as Chief Executive Officer of new supermajor BP Amoco plc, John Browne pointed out the dark clouds currently passing over the industry, but also a faint silver lining. "Because restructuring usually involves the elimination of duplication and downsizing," Browne told the Institute of Petroleum in London on Feb. 16, "it can easily create the impression that the industry is in decline. That's an illusion, but it is a perception that is dangerously widespread.
Solex Gas Liquids Ltd., Calgary, reported that the fire and explosions at its Taylor, B.C., natural gas liquids plant last month resulted from an accidental release of hydrocarbons (OGJ, Feb. 8, 1999, p. 34). Evidence indicates the release was caused by the mechanical failure of a piece of equipment engaged in routine operations and owned and operated by an independent contractor. The blast forced evacuation of Taylor and closed the Alaska Highway for 8 hr. Investigators are conducting a
Low oil prices are hurting oil-exporting nations, and Ecuador is a prime example. It posted its largest trade deficit ever last year, $957 million, due to double blows from El Ni?o and the collapse of world oil prices. In 1997, it had registered a $598 million surplus. For the first time since 1972, crude and products were no longer the country's largest source of export earnings, slipping to $825 million. They trailed behind bananas at $1.07 billion and shrimp at $852 million.