North American natural gas production grew to near-record levels during the 1990s despite gas prices averaging only one half of the 1980s levels (in real 1998 dollars).
Global demand for butadiene will increase at an average 3.7%/year between 1999 and 2005, a rate lower than the compounded rate of 4.0% between 1995 and 1999.
A study identified significant margin improvements in stock-handling efficiency by minimizing buffer stocks and reducing storage facilities at Shell's Stanlow refinery in Cheshire, UK.
Reservoir studies, expendable stratigraphic wells, increased drilling capabilities, and close team work have changed and improved the scheme for producing extra-heavy oil in the Cerro Negro project in Venezuela's Orinoco oil belt.
Collapse-resistance values for special casing that undergoes external deformation can be calculated with new pressure equations developed by the Southwest Petroleum Institute, China.
A joint project between the US Department of Energy (DOE), the University of Tulsa, and 23 private companies will tackle the problem of wax accumulation in deepwater pipelines.
With a little effort from the major players, the political dimension of petroleum economics might soon progress into a new era more constructive than the past.
TGS-NOPEC Geophysical Co. and Veritas DGC Inc. began a project to acquire and process 1,500 sq km of nonexclusive 3D seismic data in the Barrow sub-basin off western Australia.
For the first time since 1976, a change in presidential administration in Mexico on Dec. 1, 2000, did not provoke a meltdown of the Mexican currency, evidence of the astonishing growth in confidence and the soundness of economic policy of former Pres.
Petroleos Mexicanos Dir. Gen. Raul Munoz Leos has said that there is a possibility of private investment in natural gas exploration and production in Mexico by means of service contracts.
The Mexican government early last week reached an agreement with private industrial customers to resolve a dispute over a spike in natural gas pricing.
American Electric Power, Columbus, Ohio, has signed a definitive agreement to purchase Houston Pipe Line Co., which comprises virtually all of Houston-based Enron Corp.'s extensive Texas intrastate natural gas operations.
American Electric Power, Columbus, Ohio, has signed a definitive agreement to purchase Houston Pipe Line Co., which comprises virtually all of Houston-based Enron Corp.'s extensive Texas intrastate natural gas operations.
The Organization of Petroleum Exporting Countries' recent efforts to wrestle the crude price back up to within its $22-28/bbl price band continues to distract the European oil and gas industry from an issue that is bound to soon come back to haunt it: production growth.
