Transportation costs for moving crude oil through long-distance (1,000 km and more) pipelines vary under such influences as throughput, pipe diameter, energy-unit rate, utilization factor, and amortization.
Cross-cultural teamwork aided by the effective use of innovative technologies has allowed the Azerbaijan International Operating Co. (AIOC) to overcome drilling and production challenges in the Chirag field.
Pilot tests of a new heavy oil-upgrading technology show promise either for production site or refinery installation, according to its developer Carbon Resources Ltd., a subsidiary of Synergy Technologies Corp., both of Calgary.
A study by Syncrude Canada Ltd.'s Edmonton Research Center revealed that when appropriate processes and distillation boiling ranges are selected, Athabasca oilsands bitumen can produce diesel and jet fuels that meet stringent environmental regulations.
Demise of single-hull, ocean-going oil tankers moved much closer last month when the UN's International Maritime Organization (IMO) took its "first, formal step" towards a global timetable for accelerated phase-out of the vessels.
Demise of single-hull, ocean-going oil tankers moved much closer last month when the UN's International Maritime Organization (IMO) took its "first, formal step" towards a global timetable for accelerated phase-out of the vessels.
Companies' internet websites have become the resource of first resort for business reporters' research, indeed for anyone needing information about a company's doings.
The delicate political balance emerging from this month's general election in the US adds importance to a future Supreme Court decision already crucial to the oil and gas industry.
Higher commodity prices, more production, and increased drilling activity improved third quarter profits for many oil and gas companies based in the US.
In what industry observers say is the first purchase of greenhouse gas emissions credits by a US oil company, Murphy Oil USA Inc. has agreed to buy credits for up to 210,000 tonnes of carbon dioxide, to offset its increasing volume of emissions, from Canadian energy firm TransAlta Corp.
US oil and gas merger and acquisition activity fell sharply in the third quarter, but the trend is shifting toward asset sales and away from stock deals.
The merger and acquisition (M&A) bug continues to bite indiscriminately at both upstream and downstream companies, while other companies are forming strategic partnerships.
Kuwaiti Oil Minister Saud Nasser Al-Sabah last week disclosed that Iraq blocked Saudi Arabia's candidate, Suleiman Jasir Al-Herbish, from being elected secretary general of the Organization of Petroleum Exporting Countries.
Four production hikes and, according to Organization of Petroleum Exporting Countries figures, over 3.7 million b/d later, OPEC's attempts to steady the price of crude have come to naught.