Innovative exploration and production companies are demonstrating that smart investment in personnel development can significantly reduce operations costs and help make their investments in hardware and technology more secure.
Continuous probabilistic techniques involving simulation can help managers predict the likelihood of time and cost overruns in all types and sizes of oil and gas projects..
When an oil company analyzes an upstream investment project in a country with high taxation levels and where debt service charges are deductible, complex problems can arise with regard to a company-wide standard for assessing such investment decisions.
While upstream controversies attract most attention in debates over US energy policy, downstream issues likely to be settled within the next year will greatly affect the supplies and prices of oil products.
The petroleum industry stands at center stage amid issues over climate change and emissions of greenhouse gases (GHGs), while consumers worldwide expect the industry to provide inexpensive fuel for transportation, heat, and electricity.
US congressional leaders say they remain focused on energy policy issues this fall but concede it will be hard to predict what the final legislation will look like.
The Democratic-led US Senate is closer than ever to approving leasing of the coastal plain in the Arctic National Wildlife Refuge, an organized labor leader said last week.
The Sept. 11 terrorist attacks on the US further underscore the need for integration of North American energy markets and a "seamless" border, says a senior US energy official.
Mexico must change its judicial and perhaps its constitutional framework "to separate what can be done by government and what can be done by the private sector" in developing and expanding its energy industry to meet future needs, a Mexican legislator told an energy conference in Houston early this month.
Norway's new oil minister and his UK counterpart recently shared a platform in London to outline their views on how the North Sea oil and gas industry will develop.
Oil and gas companies continue to launch reorganization programs and divestment campaigns designed to maintain a competitive edge in the ever-changing energy business landscape.
Mexico faces decreased natural gas production at a time when industrial demand in northern Mexico is skyrocketing. Will the country move towards some sort of privatization of its vast gas fields near the Texas border?
Russia's OAO Gazprom and OAO Rosneft signed an agreement in early October aimed at eventual joint development of five large gas deposits on the Barents Sea shelf.
Brazil's National Petroleum Agency (ANP) has disclosed 55 areas, 15 onshore and 40 off, that it will offer for exploration next June, OGJ Online reported.
Marathon Oil Co. will acquire CMS Energy Corp.'s upstream and downstream interests in Equatorial Guinea for $993 million with an eye toward developing the assets' remaining gas potential.
Gravel packing horizontal openhole laterals with washpipe diverter valves and external casing packers (ECPs) enables isolation of the produced oil stream from shale, water, gas, or other sections of the borehole.
The 2001 SPE annual technical conference and exhibition, in New Orleans last month, highlighted 32 technical papers on various aspects of drilling technology.
Sinopec revamped its residue fluid catalytic cracking unit (RFCCU) in its Luoyang petrochemical complex (LPC) in April 2000 to enable it to process residue with more contaminants.
Modification of Williams Gas Pipeline Corp.'s 1,800-mile Transco Pipeline System from South Texas to New York is well under way this fall as part of the company's $134-million Sundance expansion project.
Your excellent comments on "pipeline economics lessons" (OGJ, Sept. 3, 2001, p. 17) highlight the Trans-Alaska Pipeline's many truly remarkable technological and environmental achievements.
