Worldwide reserves of crude oil and natural gas increased in 2001. Crude oil and condensate reserves grew 3.7 billion bbl, following an increase of 12.3 billion bbl in 2000. Reserves of natural gas grew 3% to reach an all-time high for the second consecutive year.
The call for a national energy policy has been echoed about the US countryside for many years. Everyone agrees there is a need for one, but building a consensus on what it should consist of and then taking action has been another thing. Too often our representatives to Washington, DC, are uninformed, misinformed, tied closely to knee-jerk antioil groups, or a combination of the above.
The energy secretariat awarded 100% interest for 5 year exploration periods in Neuquen basin Blocks CN VI A/B and CNQ 35 (Bajo Hondo) to a unit of Aventura Energy Inc., Calgary.
Deadline looms for OPEC, non-OPEC output accord OPEC will need to reach some agreement soon with non-OPEC members on oil production cuts if logistics are to be arranged by next month's suggested combined reduction of 2 million b/d, said Paul Horsnell, head of energy research for London-based JP Morgan Chase & Co.
Energy policy-making has stumbled into an attempt by farm-state politicians to hijack the US economy. Energy and farm bills in Congress contain overlapping efforts to make energy serve the agricultural welfare system.
The DAQstation CX, a new member in the DAQstation family of data acquisition instruments, incorporates up to a maximum of six internal PID control loops and 16 externally connected controllers.
In Part 1 of this series (OGJ, Dec. 17, 2001, p. 18), Wood Mackenzie estimated the reserves and production potential of the five countries surrounding the Caspian Sea-Kazakhstan, Azerbaijan, Turkmenistan, and the Caspian offshore sectors of Russia and Iran-and ranked those companies active in the region's upstream industry.
The International Energy Agency has confirmed that nations outside the Organization of Petroleum Exporting Countries have taken a larger share of the world oil market.
The White House wants to develop a national system that ranks the severity of a terrorism threat, US Homeland Security Director Tom Ridge told Reuters in a Dec. 14 interview. That's comforting to energy trade associations that represent their members' interests in Washington, DC.
The UK government has begun to clarify and simplify rules allowing third-party access to the oil and gas delivery infrastructure on the UK Continental Shelf.
Since oil and gas started flowing from the Norwegian and UK sectors of the North Sea, the two countries have had an amicable and frequently profitable relationship.
A review of the validity of a reservoir simulation model does not need to address whether the model is perfect overall. Rather, a review should address whether or not, a model can be used for a particular purpose.
Deregulation is taking Taiwan into a new age of energy competition. The monopoly of state-owned Chinese Petroleum Corp. (CPC) in all phases of imports, refining, and product distribution is over.
