Table of ContentsRegular FeaturesJournally SpeakingWhere’s the bottom?Everyone in the oil business wants to know when the market will reach bottom. The normal answer would be that the oil market reaches bottom when oil prices quit falling.
Editor's Perspective‘Pollutant’s’ new meaning threatens hydrogen vehiclesIf applied consistently, the logic that treats carbon dioxide as air pollution would end whatever hope remains for hydrogen-powered vehicles.
Market JournalPossible shift in gas fundamentalsAnalysts at Pritchard Capital Partners LLC in New Orleans reported a pending shift in the bearish fundamentals of the natural gas market with US production expected to drop because of a 57% decline in the US rig count and sizeable production shut-ins so far this year.
General InterestEditorial: A biodiesel trade fightThe US has evoked trade retaliation from Europe with a program most Americans would be shocked to learn involved international commerce.
Special Report: 40th OTC highlights world economy, energy policy, and environmentThe oil and gas industry continues to develop new technologies to explore for, develop, and produce the energy resources needed for growing global demand.
Special Report: OTC Spotlight on Technology recognizes 14 technologiesThe 2009 Offshore Technology Conference in its Spotlight on New Technology awards recognized 14 innovations that provide benefits beyond existing technologies.
KPMG: Executives doubt energy independence by 2030Despite the emphasis on alternative energy sources in current and proposed government energy policies, the US cannot attain energy independence by 2030, said a majority of oil and gas executives recently surveyed by KPMG LLP’s Global Energy Institute.
House members revive bill to expand OCS activityUS House members who tried to legislatively repeal offshore drilling bans in previous sessions introduced a bill on May 4 to restore a 5-year Outer Continental Shelf plan, which US Interior Secretary Ken Salazar has delayed.
Watching Government: Iran’s trade sanctionsUStrade sanctions have applied to Iran since 1996. One goal of denying that country’s national oil company access to American goods, services, and technology has been to punish its government for allegedly trying to gain nuclear weapons.
Brazil announces ‘two-pronged’ energy policyThe Brazilian government announced plans to overhaul the country’s energy basket with more emphasis on renewable resources, even as it continues with oil and natural gas development plans.
Watching The World: Alberta’s premier visits OPECAlberta Premier Ed Stelmach has the interests of his province’s oil and gas industry very much at heart.
Costa Rica nixes exploration; wants Chinese refineryCosta Rican President Oscar Arias, reversing earlier statements of his own government, has declared his opposition to any oil and gas exploration in his country, recently described as a “biogem” by environmentalists.
Scotland identifies potential UK North Sea CCS sitesThe UK North Sea could hold millions of tonnes of carbon emissions in saline aquifers and depleted oil and gas fields, but government must support carbon capture and storage (CCS) technology development, a report said.
UK chancellor offers incentives for challenging fieldsOperators focused on small and challenging projects in the UK North Sea that are offered investment incentives by Chancellor Alastair Darling in his 2009 budget to unlock 2 billion bbl and enhance indigenous production.
Exploration & DevelopmentProducers wary as Colorado oil, gas rules become lawColorado Gov. Bill Ritter Jr. said that new oil and gas regulations would allow the industry to grow in a sustainable way compatible with the state’s economy as he signed them into law on Apr. 22.
Drilling & ProductionASSET OPTIMIZATION— Conclusion: Scenarios validate, optimize processIn implementing its field production optimization tool, BP Trinidad & Tobago (BPTT) ran scenarios for tuning, validating, and calibrating the models, as well as multiple optimization scenarios.
ProcessingProcess developed for enhanced H2S recovery from sour-water strippersIndian Oil Corp. Ltd. has developed a process for enhanced recovery of H2S from sour water of refinery hydrotreaters.
TransportationOblique shaft construction offers alternative for slope crossingsUsing an oblique shaft to cross slopes in pipeline construction can protect the environment, overcome difficulties related to slope stability, and save construction costs.
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