If onshore-only disposition were to become an international standard, some offshore producing areas would incur significantly higher disposition costs and lose opportunities to better utilize and protect their marine resources.
As the world's producing basins continue to mature, oil and gas companies will have to face the various issues that surround the decommissioning and potential removal of their production platforms.
A western drilling rig manufactured by Bentec GmbH Drilling & Oilfield Systems, a division of Preussag AG, Bad Bentheim, Germany, will begin work soon for Turkmenneft in Turkmenistan.
Osaka Gas Co. Ltd., Osaka, this month is commissioning a 21-km gas transmission pipeline across an area of Osaka Bay from the Senboku LNG terminal to the Hokko Compressor, distribution station to meet increasing gas demand of the Osaka district, the second largest metropolitan area in Japan.
First-ever production of LNG from a domestic Japanese gas source underpins a supply contract signed late last year between Japex and Asahikawa Gas Co. (AGC), a local distributor in the northern island of Hokkaido.
While cold weather has sustained US natural gas prices at unprecedented levels, the outlook for continued high gas prices in the coming decade owes more to burgeoning demand for gas from the electric power sector.
Des Plaines, Ill., has named Carlos Cabrera senior vice-president of refining and petrochemicals, combining these previously separate business units into one.
LPG demand growth in Far East economies, especially China, over the last year has exceeded growth in available supplies from the Middle East and will likely pull volumes from Atlantic Basin producers to compensate.
The Organization of Petroleum Exporting Countries has reached a consensus on proceeding with a production cut at its meeting this week-but not one on how much to cut.
US Senate committees have scheduled confirmation hearings this week for nominees who will guide energy policy during the administration of Pres.-elect George W. Bush.
US government energy forecasters lowered projections for US natural gas demand growth to 2.9% this year, compared with 2000, down from a forecasted 3.8% growth rate projected in December.
The US Energy Information Administration warns that the homeowners using heating oil will pay about 40% more this winter, despite recent drops in crude oil prices.
With a growing economy, US energy demand is projected to increase 32% during 1999-2020, reaching 127 quadrillion btu (quads), assuming no changes in federal laws and regulations.
The gap between energy production and consumption levels in the UK widened in the 3 months prior to November 2000, according to statistics released recently by the Department of Trade and Industry.
The warming trend in the UK government's relationship with oil companies operating in the North Sea, built largely on last year's pledge to freeze the Petroleum Revenue Tax, suddenly cooled last week after Chancellor of the Exchequer Gordon Brown hinted he had not rules out changes to UK Continental Shelf operators' tax status in his upcoming budget.
US independents, taking advantage of increased cash flow from higher commodity prices-particularly sustained higher natural gas prices-continue a buying spree of some sought-after assets.
