The multinational Sakhalin I consortium led by ExxonMobil Corp. has acquired Global Marine Inc.'s Glomar Beaufort Sea I concrete-island drilling system (CIDS), for offshore development of the Chayvo field east of Sakhalin Island, as part of the Sakhalin I, Phase-1 project (Fig. 1).
Oil field service and supply companies , handmaidens to production, are facing opportunities in Russia of boom proportions as indigenous producers face up to the need for modernization, if the current expansionist mood is to continue.
Datalog Technology Inc., Calgary, reported in a June press release that it is testing a new version of the GasWizard gas detection device, jointly with Shell Oil Co., Houston.
El Paso Energy Corp.'s Field Services unit has successfully harnessed fog-based, evaporative cooling to gather as much as 18% more gas for its Chaco cryogenic processing plant in New Mexico.
Recent actions taken by the US Environmental Protection Agency-as well as those taken by certain state governments-have thrust the debate over the use of methyl tertiary butyl ether as a gasoline additive back into the public spotlight yet again. Suffice it to say, the fate of the oxygenate's role in the US gasoline pool weighs heavily in the balance.
Gastar Exploration Ltd., Mount Pleasant, Mich., and an undisclosed partner bid successfully for 7 onshore coalbed methane exploration licenses totaling 2 million acres in the Gippsland basin in Victoria State.
Oklahoma City, has announced the opening of new sales and stock locations in Casper and Rock Springs, Wyo., in order to better serve customers in the Rocky Mountain area and Canada.
Whatever happens in the US Senate over oil and gas leasing of the Arctic National Wildlife Refuge coastal plain, environmentalism's political foundation has shifted. For the oil and gas industry, the development is most welcome.
US independent oil and gas companies have responded to the recent spikes and increased volatility in oil and natural gas prices by stepping up the practice of price hedging to shore up earnings and capital spending.
Canadian oil and gas firms announced robust year-on-year second quarter and first half earnings, primarily the upshot of strong natural gas prices and increased production volumes.
Exploration and development drilling activity in the US and Canada likely will continue increasing into 2002, barring a large drop in commodity oil and gas prices for an extended period, said executives at Andersen-the industry consulting firm formerly known as Arthur Andersen.
