Table of ContentsRegular FeaturesOGJ NewsletterJournally SpeakingOil and aviation safetyIf you’ve never worked with radar, you can’t fully appreciate the contribution oil companies in the Gulf of Mexico are making to the safety of air transportation….
Equip/Software/LitEquipment/Software/LiteratureNewly released RMS2009 is a redesigned version of reservoir modeling solution IRAP RMS.
Services/SuppliersEditor's PerspectiveStrange thinking steers assault on oil, gas, economyJust when it seems utterances from Washington, DC, can’t get any loonier, someone in the Obama administration says what he thinks.
Market JournalCycle sinking ‘deeper, longer’This down-cycle for oil and gas will be “deeper and longer than most expect, with oil consumption falling for 3 years—the longest period since the early 1980s,” warned analysts at Friedman, Billings, Ramsey & Co. Inc. (FBR) in Arlington, Va.
General InterestEditorial: Fix the misunderstandingIn a fight over energy policy that is fast becoming fateful, the US oil and gas industry has more than a political problem.
COMMENT: Renewables not adaptable to large-scale installationsProponents of renewable energies frequently say those energy forms will become economic when accomplished on a very large scale.
Fourth-quarter results slide on weaker oil, gas pricesCollectively, a sampling of US and Canadian operators posted dismal results for the fourth quarter of 2008.
STAFF COMMENT: Think-tank advocates emergency gasoline stockpileA Rice University think-tank said the US government should require the oil industry to maintain “average minimum gasoline inventories” to prevent emergency supply shortages and price spikes that occurred after hurricanes hit the Gulf Coast in 2005 and 2008.
EIA outlook lowers oil, gas demand forecastIn its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration has lowered its projections for oil and natural gas demand in 2009-10 as the global economic contraction continues to depress energy demand.
Deutsche Bank analyzes oil production costsA recent Deutsche Bank analysis finds that in the short term, oil prices likely would have to fall to $20/bbl and below for nonmembers of the Organization of Petroleum Exporting Countries to shut in a large amount of production.
EPA proposes CO2, greenhouse gas reporting ruleThe US Environmental Protection Agency has proposed the first comprehensive national system for reporting emissions of carbon dioxide and other greenhouse gases produced by major sources.
Watching Government: Energy and waterThe US Congress is finally ready to talk about the relationship between energy and water.
Watching The World: Strike oil, get financingThe global financial crisis is hurting eastern Africa’s efforts to find oil and gas as prospectors cut back on investment and activities, according to one energy official from the region.
Exploration & DevelopmentIowa Forest City prospect may be large Paleozoic trapA 1930s type oil field prospect exists in the Forest City basin in southwestern Iowa.
Drilling & ProductionPattern recognition-based approach finds rotating steering system faultsA pattern recognition-based anomaly detection system for bottomhole assemblies can determine whether the tools in the BHA are operating in a nominal or degraded mode.
ProcessingSpecial Report: Extraction route economical for benzene reduction, even for smaller US refinersA recent study quantified the economic incentive for extraction vs. saturation to lower the amount of benzene in a typical US refinery gasoline product.
Special Report: Change in Russian export duties unlikely to affect marginsFalling crude prices could upset the symmetry between duties on crude and products in Russia, potentially changing the incentives and actions of refiners there, according to a recent Refinery Evaluation Model Insight from Wood Mackenzie.
TransportationCompany name change requires diligent executionChanging a pipeline company’s name following a merger or acquisition requires a comprehensive, unified approach.
Petrobras gains floating regas vessel for first LNG terminalPetrobras In January took delivery of the world’s first floating storage and regasification vessel, the Golar Spirit, following commissioning tests on the vessel’s regasification trains.
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