Table of Contents
Oil & Gas Journal
03/26/2001
Volume 99, Issue 13
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Special Report
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Electronic energy trading begins to take hold
The energy industry was a little late to the dot-com party but was not damaged by the market crash of last spring. While slow to embrace electronic commerce, the energy industry is very information-intensive and very conducive to internet applications.
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New energy pricing tool needed to stave off capital starvation for energy companies
Given the high energy prices and record earnings now being reported by energy companies, access to capital should improve in 2001.
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California crisis underscores need for hedging energy price risk
The recent crisis in California's electric power sector points to the critical importance of being able to use certain financial instruments as tools to hedge energy price risk.
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Re-examining the Metallgesellschaft affair and its implication for oil traders
The Metallgesellschaft AG (MG) affair of 1993-94 conveyed three central messages to the petroleum industry: one pertaining to the relationship between hedging and speculating, one pertaining to corporate governance, and one pertaining to commodity market dynamics.
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New accounting standard to change energy financial derivatives reporting
Energy companies worldwide use financial derivatives to divide business risk into smaller components, which are bought or sold, in order to diversify risk and manage strategic objectives. A new US government business accounting requirement will change the way those derivatives are represented on quarterly financial reports to creditors, investors, and stockholders.
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Electronic energy trading begins to take hold
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Exploration & Development
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SOUTH ATLANTIC GEOLOGY-1: Geologic insights listed into Africa, Brazil deepwater exploration
Triton Energy Corp.'s discovery of Ceiba field off Equatorial Guinea highlights key concepts of the geology and exploration potential of the central and southern Atlantic Ocean region.
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SOUTH ATLANTIC GEOLOGY-1: Geologic insights listed into Africa, Brazil deepwater exploration
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Drilling & Production
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Planning affects deepwater Apia, Black Widow projects
Intensive preplanning and coordination among completion team members allowed Mariner Energy Inc. (MEI) to begin production at 40 MMcfd on its Apia well (Gulf of Mexico, Garden Banks 73 No. 1) only 6 1/2 months after discovery.
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Intelligent fuzzy system helps offshore platform start-up
Intelligent systems with a fuzzy controller can play an important role in controlling and managing start-ups of offshore facilities.
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Planning affects deepwater Apia, Black Widow projects
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Processing
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Spanish refinery takes precautions in alky-unit design
In February 2000, BP 's Castellon, Spain, refinery commissioned a new hydrofluoric acid (HF) alkylation unit, employing Phillips Petroleum Co.'s HF alkylation process.
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Spanish refinery takes precautions in alky-unit design
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Transportation
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Platte inspection program supports alternative to hydrostatic testing
Platte Pipe Line's use of a new inspection tool to identify seam-weld defects revealed that the transverse field inspection (TFL) tool had less impact on pipeline operations and provided greater assurance than hydrostatic testing for the long-term operational reliability of the pipeline system.
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Platte inspection program supports alternative to hydrostatic testing
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Regular Features
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OGJ Newsletter
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OGJ Newsletter
Higher oil prices and a slowing economy-a slowdown that those higher oil prices are contributing to-are cutting into oil demand growth.
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OGJ Newsletter
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Journally Speaking
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(Re)Searching the Internet
In today's fast-moving business environment, up-to-the-minute business information often makes the difference between being leading edge and being left behind.
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(Re)Searching the Internet
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Editorial
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Energy problems in focus
There's nothing like shortage to focus the official mind on energy.
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Energy problems in focus
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Equip/Software/Lit
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Equipment/Software/Literature
The new DHS110 Heat Spy Series of compact, hand-held, noncontact infrared thermometers provides a completely portable, easy to use, cost-effective, and accurate means to measure surface temperatures in process or maintenance applications.
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Equipment/Software/Literature
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Area Drilling
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Area Drilling
Gulf Keystone Petroleum Co. of the United Arab Emirates has signed an agreement to explore Block 126 in the Ferkane region in northeastern Algeria, OPEC News Agency reported.
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Area Drilling
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General Interest
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New markets, business models key to future Russian oil production increases
The ability to expand domestic and foreign markets, not limited access to working capital, will determine oil production in the Russian Federation within the next 5 years.
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Oil spill concerns linger after Brazil platform disaster
The ability to expand domestic and foreign markets, not limited access to working capital, will determine oil production in the Russian Federation within the next 5 years.
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Murkowski: Energy bill a policy starting point
US Senate Committee on Energy and natural Resources Chairman Sen. Frank Murkowski (R-Alas.) last week said his omnibus energy bill is a "starting point" that will be used to help frame a national energy policy with the help of Democrats and the White House.
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Watching Government: CO2 battles just beginning
Climate change is a divisive issue for the oil industry.
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OPEC deems 1 million b/d production cut 'prudent'
The Organization of Petroleum Exporting Countries considers its agreement to cut crude production by another 1 million b/d effective Apr. 1 to be a "prudent" measure to stem declining oil prices in the second quarter.
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Watching the World: Near-field of dreams
To scan Bassoe Offshore Consultant Ltd.'s latest rig update for the North Sea, the upturn in drilling activity on which the UK oil and gas industry pinned its hopes during the darker days of the region's hard-fought recovery looks finally to be taking shape.
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New markets, business models key to future Russian oil production increases
