The Organization of Petroleum Exporting Countries' productive capacity and capacity utilization have long been an indicator of the stability or vulnerability of the global oil market.
On May 28, 1901, at Tehran's Sahebqaraniyyeh Palace, Muzaffar ul-Din Shah inked an 18-point concession granting William Knox D'Arcy, a British "rentier," the special rights for prospection, exploration, exploitation, transport, and sales of the following products: natural gas, petroleum, asphalt, and mineral waxes.
It was in the aftermath of the first oil price shock of 1973-74 that the question of the Organization of Petroleum Exporting Countries' production capacity was initially raised.
In December 1997, when the Organization of Petroleum Exporting Countries decided to raise production quotas in spite of the Asian financial crisis, OPEC's critics once again asserted that the cartel was dying, if not dead.
Navigator field is in Dickens County, Tex., 91/2 miles southeast of Spur, along the northeastern end of the eastern shelf of the Midland basin (Fig. 1).
The number of multiphase metering installations has increased as industry continues to advance this technology that measures oil, water, and gas quantities in flow streams without the need to separate out individual phase components.
Chemopetrol AS has improved its hot-gas sampling equipment at its Litvinov, Czech Republic, ethylene plant, giving it more-accurate yield data with which to plan its ethylene operations.
On May 19, 1986, Oil & Gas Journal published an address given at the 1986 annual meeting of the American Association of Petroleum Geologists, Pacific Section, entitled, "The Looming Energy Crisis."
On May 19, 1986, Oil & Gas Journal published an address given at the 1986 annual meeting of the American Association of Petroleum Geologists, Pacific Section, entitled, "The Looming Energy Crisis."
Mr. Edison's letter in (OGJ, June 25, 2001, p. 10) concerned the alleged "failure of the oil industry to improve its horrible public perception." Mr. Edison lacked some information about the industry's efforts in public relations when he made his caustic attack on the industry.
A new series of Italcoppie brand RTD probes provide rugged, long-lasting, and accurate temperature sensing in harsh operating conditions and corrosive environments.
Portsmouth, NH, has purchased Merit Manufacturing Corp., located in Pottstown, Pa. Merit president and founder, Raymond Jensen, will continue to manage operations from its existing facilities, reporting to Tom Fish, president of Anvil International.
Merger and acquisition activity among oil and gas companies remains a strong trend in the industry. Most notably, M&A activities have centered on US firms vying to acquire Canadian companies in an effort to establish a presence in Canada.
Watson Energy, Mandeville, La., appointed W.E. Spencer president and CEO of the company. Spencer has more than 40 years of experience in the energy industry. Previously, he served as president and as a board member of Coastal Oil & Gas Corp., Houston.
At a well-attended, if small scale, industry conference held recently in London, BP PLC CO2 Program Director Gardiner Hill gave delegates an update of progress on a nine-company collaborative project to develop technology for the capture and geological storage of carbon dioxide.