Iran's strategic position between the Persian Gulf, Caspian Sea, and the Indian subcontinent continues to play a pivotal role in securing oil and natural gas export outlets for Kazakhstan and Turkmenistan to outside markets.
Gas production began Feb. 6 from one well in the East Lost Hills area of California's San Joaquin basin, and the operator anticipated having as many as three other wells on line by mid-2001.
Bulk factors, used successfully for weight estimating and weight control for numerous offshore fixed installations and onshore modularization projects, can also be applied, in conjunction with a database, for estimating the topsides weight of floating production, storage, and offloading (FPSOs) vessels.
Although ultra-low sulfur (ULS) fuels used with certain vehicle technologies will reduce vehicle CO2 emissions, there are a number of counterbalancing effects in terms of refining investment costs and plant CO2 emissions.
It is somewhat ironic that in OGJ (Feb. 19, p. 17) an editorial focused on how the US government might take greater care in its dealings with Europe, you refer to NATO as the North American Treaty Organization!
The global oil and gas industry will see another wave of major mergers within the next 2 years, as the "bigger is better" trend in consolidation continues.
Many of the oil industry's long-standing financial policies need updating to adjust to a business environment being transformed by technology, sector maturity, and the digital economy.
The value of reserves in US oil and gas asset transactions increased in the fourth quarter of 2000, in spite of a lag in the number of deals completed.
Chevron Corp. and Texaco Inc. have appointed several senior executives to lead their newly formed company, ChevronTexaco Corp., once the merger closes (OGJ, Oct. 23, 2000, p. 28).
US oil industry groups have praised Sens. Frank Murkowski (R-Alas.) and John Breaux (D-La.) for opening debate on a comprehensive national energy strategy.
The warning shot fired by the Norwegian Oil Industry Association (OLF) across the Ospar Convention's bow recently for the latter's desire to further tighten regulations governing discharges of oil-in-water might, at first glance, have seemed misguided in an increasingly environmentally aware industry.
