The Greenhouse Gas Technology Verification Center (GGTVC) is one of 12 independently operated organizations established by the US Environmental Protection Agency to verify environmental technology.
The US oil and gas industry has reduced emissions from unit operations and equipment leaks by 110 bcf during the past 7 years by implementing management practices endorsed by the US Environmental Protection Agency's Natural Gas STAR program during the past 7 years.
Transocean Sedco Forex Inc.'s (TSF) Trident 20 will spud its first well late this year, becoming the first new Western jack up to enter the Caspian rig fleet.
Expansion of CMS Oil & Gas Co.'s operated offshore Alba field facilities, off Equatorial Guinea, will increase the amount of condensate and gas liquids that can be exported from an existing gas-processing plant and a methanol plant, under construction, on Bioko Island.
Conoco UK Ltd., the North Sea arm of Houston-based Conoco Inc., is reaping benefits with its "finder-well" approach, which carefully plans a bare-bones drilling program and then freezes that plan to reduce drilling costs by 30% on average.
Gruy Petroleum Management Co., a subsidiary of Magnum Hunter Resources Inc., Irving, Tex., has formed a strategic alliance and capital investment program with internet technology company Aurion Technologies Inc., of Dallas.
In a trial run at the National Petroleum Refiners (Pty.) Ltd. (Natref) refinery, Sasolburg, South Africa, a bottoms-cracking additive reduced the fluid-catalytic cracking unit (FCCU) fuel-oil bottoms yields by about 2.4 wt %, giving the refinery flexibility in dealing with high bottoms-making feeds.
Natural gas markets in northeastern North America will undergo significant fluctuations during the coming decade, says the Canadian Energy Research Institute, and pipeline capacity will play a key role in determining gas prices within that region.
Oil prices are expected to remain relatively firm, provided there is no further slippage on production quotas from OPEC, Purvin & Gertz said in a July.
Unlike many other US independent producers these days, Mitchell Energy & Development Corp., The Woodlands, Tex., has resisted the urge to merge and has decided to go it alone as a niche player in the US natural gas market.
Transocean Sedco Forex Inc. has agreed to acquire R&B Falcon Corp. in a $8.8 billion deal that would make it the third-largest oil field service company in the world-behind Halliburton Co. and Schlumberger Ltd.-as well as the largest offshore drilling contractor, officials said early last week.
Two Anadarko Petroleum Corp. vice-presidents were recently promoted to executive positions under that company's "new organizational structure." Anadarko continues to reorganize after its acquisition of Union Pacific Resources Group Inc. Just last month, Anadarko and UPR shareholders overwhelmingly approved the $4.43 billion merger (OGJ Online, July 17, 2000).
Word that BP has stamped its Helios on plans to inject $900 million in capital expenditures (capex) into the UK North Sea this year-and the same again in 2001-confounded the old newspaperman's adage.
