Hull design for floating, production, storage, and offloading (FPSO) vessels can be challenging, as the maritime and offshore industries may have conflicting approaches.
Hull design for floating, production, storage, and offloading (FPSO) vessels can be challenging, as the maritime and offshore industries may have conflicting approaches.
First US use of a steel compression sleeve for pipeline repair confirmed nearly 7 years of Canadian and Mexican experience that the method can permanently repair longitudinal defects on an operating pipeline.
Floating production facilities in the past primarily functioned as fast-track alternatives for producing marginal reservoirs or as temporary facilities to accelerate production start-up. But as discoveries moved into deeper water and more remote areas, deployment of a floating production system (FPS) many times has been the only option for exploiting the discovered resources.
Shell Exploration & Production Co., Houston, formed a joint venture with Wolverine Gas & Oil Corp., Grand Rapids, Mich., in the Pacific Creek area of southwestern Wyoming.
Demographic trends of the US oil and gas industry point to a political future even more difficult than the present. And the present is difficult enough.
On May 16, a task force established by the administration of US President George W. Bush issued a report on national energy policy, complete with extensive recommendations designed to help bring together business, government, local communities, and citizens to promote dependable, affordable, and environmentally sound energy for the future. Among the many recommendations, the report recommends additional oil and gas development in Alaska.
The Organization of Petroleum Exporting Countries delayed making any production changes during its June 5 meeting in Vienna, saying it will reassess crude inventories and market prices during a July 3 emergency meeting.
The US petroleum industry's expectations for oil and natural gas prices in the near and mid-term have been slightly bolstered since the end of last year.
Wyoming has an embarrassment of mineral riches. Within its borders are plentiful deposits of oil, gas, and coal. But the sparsely populated state is suffering from higher energy bills like the rest of the US.
In recent weeks, the Canadian units of several oil and gas companies have an- nounced merger and acquisition deals, strategic asset purchases, and the formation of joint venture partnerships.
On May 31, the UK government-industry Pilot task force spearheading initiatives to help sustain the country's offshore oil and gas industry rolled out the next fields for prospective development under Logic, its "satellite accelerator" scheme: the North Sea Don (Northeast, Southwest, South) and Don West fields.
A Canadian federal committee has recommended that the country invest at least $100 million (Can.) in seed money to support resource development in the Arctic
