Table of ContentsRegular FeaturesOGJ NewsletterJournally SpeakingReversing rolesIpsos Mori, the global research company, loves asking questions, and with the economic downturn, job insecurity, rising inflation, and record-high energy prices, anyone who is anyone has an opinion on the matter because it affects his or her pocket.
EditorialTwo oil-dependent economiesAs financial crises rock two globally important, oil-dependent economies, a question looms for anyone with capital to expose to risk: Which is likelier to emerge from this turmoil as a promising and safe place to invest money—the US or Russia?
Area DrillingServices/SuppliersEquip/Software/LitEditor's PerspectiveWarming political menu gets new item: eggplant, well doneThe sacrifices people have been called to make in response to global warming have become tangible in a new way.
Market JournalOPEC promises ‘strict’ complianceThe Organization of Petroleum Exporting Countries agreed Sept. 10 to strictly comply with their September 2007 production quota of 28.8 million b/d, implying a possible compromise for de facto reduction of some 530,000 b/d of overproduction.
General InterestEmulsion fuel options still viable for heavy oilVenezuela was until recently the only source of a unique fuel option that bypassed the traditional yet capital intensive two-step conversion of bitumen-extra heavy crudes(B-EHC) to synthetic crude oil (syncrude) and then to refinery products.
Storm recovery begins; limited refinery damage seenThe US oil and gas industry reported early progress as it began to recover from damage caused by Hurricane Ike, which made landfall over Galveston, Tex., in the early hours of Sept. 13.
US House approves Democratic leadership’s energy billUS House members passed an energy bill by 236 to 189 votes on Sept. 16 which Democrats called a true compromise and Republicans labeled a travesty.
Congress members pledge action after oil speculation studyAn independent report showing that record amounts of speculative investment drove oil prices to record peaks in 2008 confirms that stronger market regulation is needed, federal lawmakers said.
WATCHING GOVERNMENT: Energy compromisesWithin a few short weeks, the potential for congressional energy compromises, which looked so bright at the beginning of August, began to look increasingly tarnished.
AFR: E. Java mud flow damage understatedSantos Ltd. has rejected speculation suggested by a Sept. 15 report in the Australian Financial Review (AFR) that said: “Santos is facing a blowout in the clean-up bill from the world’s largest mud volcano in East Java” because the “disaster cannot be contained.”
WATCHING THE WORLD: The Russians are comingDid anyone really think Moscow would just sit still as Washington, DC, and its allies attempted to extract oil and gas from Russia’s backyard in the Caspian and Central Asia?
FACTS: Iran to complete many delayed petchem projectsBy yearend 2009, Iran plans to complete many delayed petrochemical projects currently under construction, according to FACTS Global Energy in a report entitled, “An Update on Iran’s Petrochemical Projects.”
Biofuels gain within fuels mix could be slow, study saysBiofuels could make up 10-15% of the global fuels mix in 20 years, although getting to the level will be more difficult than some might expect, consultant Accenture said in a recent report.
Exploration & DevelopmentReoriented Talisman evaluating unproven Utica, Lorraine shalesA self-redirected Talisman Energy Inc. expressed encouragement earlier this month at results from its first well in Ordovician Utica shale in Quebec’s St. Lawrence Lowlands.
Shell completes Bonga deepwater 4D surveyRoyal Dutch Shell PLC’s Nigerian subsidiary completed 4D seismic acquisition over deepwater Bonga oil and gas field off Nigeria in an effort to maximize ultimate recovery from the field.
US, Canada to map unexplored Arctic seafloorThe US and Canada will jointly map the unexplored Arctic seafloor where the two countries may have sovereign rights over oil, gas, and other resources, the US Geological Survey announced.
Drilling & ProductionSPECIAL REPORT: Mideast operators using more artificial lift surveillance, optimization technologyAs the number of electrical submersible pump installations has increased in the Middle East, operating companies have started deploying more surveillance and optimization technology.
SPECIAL REPORT: Nearly depleted Philippine gas well to provide small vehicle fuelA company plans to extract the remaining gas from the nearly depleted San Antonio well in the Philippines for use in fueling small vehicles.
SPECIAL REPORT: Platform with a two-section jacket installed off TurkmenistanPetronas Caragali (Turkmenistan) Sdn. Bhd. recently had a platform installed for producing the oil and gas discovery it made in 2002 off Turkmenistan in the Caspian Sea.
ProcessingGUIDE TO WORLD CRUDES: Saxi-Batuque crude assayedStatoilHydro has conducted an assay of the Saxi-Batuque blended crude, which is part of the Kizomba C development project on Block 15 off Angola.
TransportationCP changes address hydrogen diffusionAdjustments to a pipeline’s cathodic-protection program can help address possible hydrogen diffusion brought about by nonconformance with welding procedure specifications (WPS) during construction.
Print Ad IndexSupplement to Oil & Gas JournalProduction StimulationFrac advances key to unconventional gas supply growthAdvances in production stimulation technologies have been critical to the meteoric growth in unconventional gas supply.
Non-frac stimulation technologies mark progress tooAlthough the oil and gas industry’s buzz over the hot gas shale plays in North America has pushed fracturing technology advances to the forefront, other production stimulation technologies continue to make progress as well.
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