After 4 decades of development, the LNG industry has evolved from being a regional niche player to a commercially and technologically viable global energy business.
Asian economies have recovered from a severe downturn in 1998 and em barked on self-sustained growth that has resulted in continuing, substantial growth in energy demand.
Exploration opportunities in New Zealand are growing as existing fields enter a decline phase. New Zealand imports two-thirds of its liquid energy requirements and is encouraging petroleum companies to expand their exploration activities.
Texaco Inc. completed phase two appraisal drilling at giant North Buzachi field in western Kazakhstan, is evaluating full-field development, and plans to boost production to 7,000 b/d by yearend from 4,000 b/d in early July.
Mallon Resources Corp., Denver, selling its Delaware basin properties to focus entirely on its East Blanco Unit in the San Juan basin, said its second quarter 2001 production from East Blanco will not be as large as expected.
Venezuela has awarded a consortium headed by TotalFinaElf SA the 35-year exploration, production, and development licenses to the Yucal Placer Norte and Yucal Placer Sur blocks.
Chevron USA Production Co., operator for the Main Pass 299 and 144 fields offshore Loui siana, planned and drilled an eight-well sidetrack program, including a horizontal completion in record time and saving $7.3 million over similar historical offsets.
The Captain field, UK North Sea Block 13/22A, includes one of the largest subsea templates installed in the North Sea, according to the joint venture that engineered and supplied the system.
Orinoco Belt production facilities in Zuata in February, Sincrudos de Oriente Sincor CA is working to commission its heavy oil upgrader in the Jose industrial complex by the end of this year.
Our petroleum industry's nonprofit public education group wishes to congratulate you on the article (OGJ, June 11, 2001, p. 19) "Houston and oil politics."
Natural gas wellhead prices in the US have hovered near $3/Mcf in recent weeks and threatened to fall farther. That has started to make producers nervous.
One of the most enduring joint scientific and political debates in recent times has been the debate between those who believe that human influences on climate are warming the earth, with consequences that may be detrimental to humankind, and those who believe that the earth's dynamic systems are too large to be significantly influenced by human activities.
The oil industry needs the help of states to convince policymakers that a comprehensive energy strategy is needed sooner rather than later, the president of the American Petroleum Institute told state energy officials recently.
Congressional leaders say they want to have key portions of the White House's energy blueprint ready for President George W. Bush to sign into law before the US Labor Day holiday Sept. 3.
The Blue Dog Coalition, 32 moderate-to-conservative US House of Representatives Democrats from mainly coastal and southern states, proposed an energy policy plan July 11 that it says will bridge the gap between ideological extremes.
Under fire from Democrats for emphasizing production over conservation, the Republican-led House Energy and Commerce Subcommittee on Energy and Air Quality began work July 11on legislation billed as a conservation and energy efficiency package.
The National Petrochemical & Refiners Association said July 11 that the US Environmental Protection Agency's new source review (NSR) program, as currently interpreted, threatens current and future energy supplies.
US Transportation Sec. Norman Mineta last week asked Congress to allow his department to begin a rulemaking leading to research into accelerated corporate average fuel economy (CAFE) standards.
Taking full advantage of bolstered revenues from higher oil and natural gas prices, integrated energy companies are revitalizing their exploration and production portfolios.
With some analysts having calculated that the Caspian Sea holds more than 100 billion boe of oil and gas resources-depending on the volume eventually proven in the massive, shallow-water Kashagan field off Kazakhstan-dreams of a new era of offshore oil and gas production fueling the economic renewal of the region's littoral states are understandable, if, like certain dreams, somewhat Pollyannaish.
By yearend 2001, TotalFinaElf Exploration UK PLC's Nuggets natural gas field in the Northern North Sea will come on stream following installation of tie backs to the company's Alwyn North platform.
