Through oil price swings and ownership realignment, carbon dioxide injection has remained an important method for improving oil recovery in the US, especially in the Permian basin of West Texas and New Mexico.
The vast reserves of extra-heavy crude oil in eastern Venezuela are awaiting the introduction of lower-capital-cost technologies to make them available to the oil market.
Unocal Thailand Ltd. has found that a wireline anchor can effectively reduce the potential of perforating guns being blown up or down the hole while perforating underbalanced in slimhole, monobore gas wells.
Mexico's largest discovered oil deposit, the Cantarell complex in the Bay of Campeche, was the subject of an entire technical session at the Offshore Technology Conference earlier this month.
This firm's latest line of specialty safety hammers meets OSHA and US government requirements for nonsparking hand tools and is suited for hazardous or volatile work environments.
With chances higher than they have been in years that the US Congress will enact an energy policy worthy of the name, the Democratic National Committee (DNC) has set a cynical trap.
The technical challenges of operating in the offshore oil and gas arena were on ample display at the 33rd annual Offshore Technology Conference in Houston earlier this month.
The deepwater drilling rig market is emerging as a spot market because producers are becoming comfortable with the idea of subletting rig time to other operators, said Oscar Hernandez, an analyst for ODS-Petrodata Group.
The convergence of strong fundamentals for US oil, natural gas, and electric power markets will boost offshore exploration and development over the next few years, if the industry can find enough people and equipment to do the work, a group of business executives said last month.
The United Nations Security Council committee overseeing the post-Persian Gulf War sanctions against Iraq earlier this month released more contracts under the oil-for-humanitarian aid program than it has placed on hold, reversing a long-standing trend, according to the Office of the Iraq Program.
US lawmakers may seek to renew a controversial law that seeks to punish foreign countries or companies that invest in Iran or Libya, the chairman of the House Subcommittee on Middle East and South Asia said last week.
The demise of PetroCosm Corp., Houston, one of the oil business's pioneering electronic marketplaces, can hardly have come as a great shock to industry observers.
Merger and acquisition activity among oil and gas companies has remained relatively heated in recent weeks. M&A action was capped off early last week with the announcement of two major consolidations involving US firms in the refining sector and in exploration and production.
Independent oil producers want the US Congress to continue a marginal tax credit due to expire this year, industry told a House Subcommittee on Select Revenue Measures last week.
