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  • Volume 98, Issue 9

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    Companies

    Several world regions still recovering from '98-'99 exploration slump

    Feb. 28, 2000
    From November 1997 through March 1999, the petroleum industry suffered its most significant oil price collapse since 1986. OPEC surprised many by reducing quotas in March 1999...
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    Basin margin gas is worthy target in Williston basin

    Feb. 28, 2000
    Any company that wants to explore for domestic natural gas should consider the Williston basin.
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    UK changes coordinate system west of Britain

    Feb. 28, 2000
    Through a combination of officially declared coordinate systems and transformations, petroleum industry users can now unambiguously merge positional data throughout the UK and...
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    China decides Tarim-Shanghai natural gas pipeline route

    Feb. 28, 2000
    China National Petroleum Corp. has finalized the routing of a proposed natural gas pipeline linking the Tarim basin in northwestern China's Xinjiang autonomous region to Shanghai...
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    Mighty Servant 1 delivers Brazilian semisubmersible

    Feb. 28, 2000
    Dockwise's Mighty Servant 1 (MS1) recently set a transport weight record for a semisubmersible heavy transport ship.

    More content from Volume 98, Issue 9

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    Cooper basin third licensing round launched

    Feb. 28, 2000
    South Australia has opened 13,000 sq km for bids in the third round of exploration licensing in the prolific Cooper basin, including some of the most prospective blocks offered...
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    Tyumen Oil adopts Western-style management

    Feb. 28, 2000
    Wading through the aftermath of the recent economic collapse in Russia continues to be an uphill battle.
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    CNOOC slates more wells, petrochem plant

    Feb. 28, 2000
    China National Offshore Oil Corp. (CNOOC) plans to drill 162 production wells this year to offset the expected natural production decline of about 5 million tonnes from existing...
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    Watching GovernmentHeat on Richardson

    Feb. 28, 2000
    US Energy Sec. Bill Richardson's diplomatic skills came to the forefront in the recent home heating oil price crisis.
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    Fresh opportunities arise in Russia as country's oil majors respond to lessons learned from the 1990s

    Feb. 28, 2000
    A radical restructuring of Russian oil company assets, the continued movement towards competitive petroleum markets, and reduced risk through updated production-sharing agreements...
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    Congressmen seek heating oil price relief

    Feb. 28, 2000
    Home heating oil prices in the northeastern US remain a concern for Congress and the Clinton administration.
    Companies

    Industry Briefs

    Feb. 28, 2000
    Members of London's International Petroleum Exchange (IPE) voted unanimously to demutualize the exchange and convert it to a commercial company.
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    US imposes sanctions against Sudan oil project

    Feb. 28, 2000
    The US has issued economic sanctions against a multinational oil venture operating in Sudan.
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    Statistical method used to estimate refining tankage

    Feb. 28, 2000
    A statistical risk simulator program can determine adequate tank-storage capacity for a grassroots refinery or oil terminal, removing the risk of building too much capacity.
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    Petrochem demand to lag supply until 2002-03

    Feb. 28, 2000
    Petrochemical capacity utilization in the US, Western Europe, and Asia, measured as a percentage of nameplate capacity, will rise to a peak in the mid-90% range by 2003, according...
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    Clean air regulations will boost refining catalyst demand

    Feb. 28, 2000
    Demand for petroleum refining catalysts in the US will receive a boost between 1998 and 2003 as new emission standards are implemented, octane requirements are increased, and ...
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    Companies

    Complex well geometries boost Orinoco heavy oil producing rates

    Feb. 28, 2000
    Petrozuata CA is resorting to complex multilateral well completions for recovering heavy oil from its Venezuela contract area.
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    Security on the internet

    Feb. 28, 2000
    Seemingly unrelated events of the past few months and weeks combine to give the oil and gas industry a troubling view of the future.
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    Intervention mast speeds well logging in North Sea

    Feb. 28, 2000
    Logging wells on the Central North Sea Armada platform involved an innovative intervention mast that minimized the time to switch from coiled tubing to wireline logging.
    Companies

    OGJ Newsletter

    Feb. 28, 2000
    Crude oil prices continue to sustain near-peaks for the decade amid mixed signals from OPEC.
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    Conoco: Long-term view elicits success in Russian oil sector

    Feb. 28, 2000
    Conoco Inc. entered Russia about 10 years ago, beginning with a relatively small project that allowed the company to build relationships.
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    Woodside seeks acquisition candidates

    Feb. 28, 2000
    Australia's Woodside Petroleum Ltd. is seeking new oil projects to stem an approaching production decline.
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    Riding oil price cycles

    Feb. 28, 2000
    Another year is starting in the world exploration cycle.
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    Global warming

    Feb. 28, 2000
    It's a shame for API members, EPA bureaucrats, and others to waste their efforts in trying to slow down global warming by limiting carbon dioxide emissions ("US firms press greenhouse...
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    Technology Business

    Feb. 28, 2000
    Alliance Engineering Inc., Houston, Tex., has been acquired by Wood Group Engineering Ltd., Aberdeen, Scotland.
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    Seismic progress

    Feb. 28, 2000
    The excellent article in your Petroleum in the 21st Century special issue entitled Seismic Progress was indeed educational to all of us who marvel at geophysical progress in this...
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    Equipment/Software/Literature

    Feb. 28, 2000
    GeovecteurPlus 7.1 is the latest annual upgrade of this firm's seismic data processing package. Improvements include redesigned user interfaces, enhanced speeds, and the addition...
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    Area Drilling

    Feb. 28, 2000
    Explorers are close to final approval to drill an extended-reach exploratory well from land to evaluate an offshore prospect in the Exmouth sub-basin of the Carnarvon basin.