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  • Volume 98, Issue 12

    • Volume 98, Issue 12

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    Jurassic gas at Panuke oil field heats Scotian shelf exploration

    March 20, 2000
    Basins on and off Canada's east coast number among the world's most-watched exploration areas.
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    Companies

    Gulf of Mexico lease sale proves low-key

    March 20, 2000
    Although 63 companies submitted bids at central Gulf of Mexico Lease Sale No. 175, observers said it was a decent but unspectacular turnout with many near-minimum bids.
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    Worldwide drilling activity shrank by 25% in 1999

    March 20, 2000
    As with other upstream industries, the worldwide drilling industry suffered from the crude price crash of spring 1998.
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    Companies

    EOR weathers low oil prices

    March 20, 2000
    Oil & Gas Journal's exclusive biennial enhanced oil recovery (EOR) survey indicates that EOR processes have weathered the low oil price environment of the last 2 years and at ...
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    2000 Worldwide EOR Survey

    March 20, 2000
    2000 Worldwide EOR Survey

    More content from Volume 98, Issue 12

    Companies

    Area Drilling

    March 20, 2000
    Mera Petroleums Inc. and Millennium Energy Inc., Calgary, began reviewing seismic data on the 332,800-acre Salinas block in the Guajira basin granted under new fiscal terms.
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    Equipment/Software/Literature

    March 20, 2000
    The new series TFXP portable transit time flowmeter features advanced noninasive flow measurement technology that provides a measuring system with accuracy, versatility, ease ...
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    MOVES AND PROMOTIONS

    March 20, 2000
    J.D. Fields & Co., Inc., Houston, Tex., has named Yuki Matsunaga vice president of international to assist with further broadening the company's business to international markets...
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    OGJ Newsletter

    March 20, 2000
    What may be the biggest sale of E&P assets ever will also drastically alter the landscape in one of North America's most critical petroleum provinces while clearing the way for...
    Companies

    Changing Assets

    March 20, 2000
    One result of the roller coaster ride that crude oil prices have taken during the last 2 years has been the sale of noncore assets by many companies.
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    MMS finally issues oil royalty reform rule

    March 20, 2000
    After 4 years and four revisions, the US Minerals Management Service has issued a final rule revising how producers calculate the cash royalties they owe on production from federal...
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    Waterfracs prove successful in some Texas basins

    March 20, 2000
    Several operators have found that waterfracs with minimal proppants effectively stimulate low-permeability gas formations in several Texas basins.
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    Power study ignores gas

    March 20, 2000
    The US Department of Energy overlooked something in the recommendations it published last week on the subject of electric power outages: natural gas.
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    Associations hit pending 15 ppm diesel sulfur rule

    March 20, 2000
    Nine industry groups are urging the US Environmental Protection Agency to withdraw a pending rule that would slash the sulfur content of automotive diesel fuel to 15 ppm in 2006...
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    Formosa Group plans petchem complex

    March 20, 2000
    Three Formosa Plastics Group companies have announced plans to spend $110.3 billion (Twn.), or $3.6 billion (US), to build 15 petrochemical production units at FPG's petrochemical...
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    Pakistan seeks oil investments

    March 20, 2000
    Pakistan has begun a privatization program and is trying to boost potential investors' confidence by introducing a privatization law, says Altaf M. Salim, chairman of Pakistan...
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    Companies

    BP Amoco makes strategic lubes acquisition

    March 20, 2000
    BP Amoco PLC has agreed to buy lubricants giant Burmah Castrol PLC, Swindon, UK, for £3 billion ($4.7 billion).
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    Study underscores effectiveness of antifoaming agent in DGA sweetening process

    March 20, 2000
    Laboratory studies of polysiloxane (DB-31), an antifoaming agent used in diglycolamine (DGA) gas-sweetening units, indicate that DB-31 substantially reduces the DGA solution surface...
    Companies

    Industry Briefs

    March 20, 2000
    A gasoline spill of 12,000 bbl was contained Mar. 10 about 10 miles north of Greenville, Tex., after leaking from a pipeline owned by Explorer Pipeline Co., Tulsa.
    Companies

    Shell agrees to sell its interest in CO2 unit to Kinder Morgan

    March 20, 2000
    Shell Exploration & Production Co. agreed to sell its 80% interests in Shell CO2 Co. Ltd.-the largest US transporter and marketer of carbon dioxide-for $185.5 million to Kinder...
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    Watching GovernmentEnergy buzz

    March 20, 2000
    Congress has done a pretty good job of ignoring oil and gas issues the past decade.
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    Companies

    Court battles, OPEC's market grip underscore the need for a coordinated US energy policy

    March 20, 2000
    This March is an emblematic month for US energy policy schizophrenia.
    Companies

    Occidental to buy Altura Energy for $3.6 billion

    March 20, 2000
    Occidental Petroleum Corp. is buying Altura Energy LP, Texas' biggest oil producer, from BP Amoco PLC and Shell Exploration & Production Co. for $3.6 billion in a move that will...
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    Myanmar's Mann field awaits search, investment

    March 20, 2000
    A large onshore oil field in Myanmar has responded to initial production enhancement work and is in line for a large waterflood project later this year.
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    Northeast BC yields Devonian Pine Point gas

    March 20, 2000
    Union Pacific Resources Inc., Fort Worth, hopes to start gas production in mid-2000 from underdeveloped Klua field in a remote area of Northeast British Columbia.
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    Myth of spare capacity setting the stage for another oil shock

    March 20, 2000
    The fundamental driver of the 20th century's economic prosperity has been an abundant supply of cheap oil.
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    Phillips appraising giant Bohai Bay field

    March 20, 2000
    Phillips Petroleum Co. is appraising giant Penglai 19-3 field in Bohai Bay to determine its commercial potential.