Exploration and development organizations enter a new millennium with unprecedented amounts of subsurface and surface data, experienced if aging geoscience staffs, impressive drilling opportunities, and a daunting array of responsibilities to their employers and shareholders.
Drilling contractors expect to drastically reduce cycle times as operators gain experience handling the automated drilling equipment installed during the current deepwater construction cycle.
Future worldwide refining investment will be in response to three trends in the industry: heavier and increasingly sour crude oil processing, greater need for desulfurization, and the reduction of methyl tertiary butyl ether (MTBE) use in the US.
An apparent gas discovery with probable gas reserves of 300 bcf or more would not make big news in many parts of the world, but in the Canadian Maritimes it is important.
Greenland authorities and Statoil have released more details on the Qulleq near-Arctic exploration well drilled on the Fylla prospect off the southwest coast.
To analyze whether a zone will produce water-free from a low-resistivity formation, one can use several shaly sand models that correct log-indicated water saturations to obtain true formation water saturation.
The biggest US drilling contractors could increase the number of land rigs working in the Lower 48 states "pretty dramatically" simply by activating some 300 stacked units, said Gene Isenberg, chairman and CEO of Nabors Industries Inc., Houston, at the October annual meeting of the Independent Petroleum Association of America in San Antonio.
This four-gas portable detector features one-button calibration, rugged construction with resistance to dust and water penetration, and a 16-20 hr run time.
US oil imports in November hit their lowest level in 9 months because the federal government released 600,000 b/d of crude oil from the Strategic Petroleum Reserve.
Five international oil companies have agreed to a human rights code of conduct drafted by the US and UK governments, according to the US Department of State.
US propane price and distribution problems have been caused by extended cold temperatures and high oil and gas prices, says the US National Propane Gas Association.
US natural gas prices continue to hover near a jaw-dropping level of $10/Mcf in light of a surge in demand-amid low inventories-that was spawned by frigid weather in December.
