Table of ContentsRegular FeaturesLettersA better focusIt’s sad that the oil industry is still approaching the new government with a focus on producing more barrels per day.
Journally SpeakingTimes may be a-changin’US President-elect Barrack Obama picked several environmentalists and climate-change advocates to form his administration, and that has prompted some heated comments, both pro and con.
Services/SuppliersServices/SuppliersMunich, Germany, has appointed Thomas Blades CEO of its energy sector’s oil and gas division.
Equip/Software/LitEquipment/Software/LiteratureHere is new StarLite GUMBALLS protective eyewear. Each box features 10 temple colors.
Editor's PerspectiveOil price extremes do not repudiate US ‘deregulation’A popular belief deserving stern resistance holds that oil price extremes of 2008 justify the revival of aggressive market regulation.
Market JournalOil prices climb in early 2009Crude oil futures prices started off 2009 with positive movement on New York and London markets amid rising geopolitical tensions.
General InterestEditorial: An expensive land grabIn a move with dire implications for exploration and production on federal land, the US Senate returned to business as usual as the 111th Congress began work.
Change: the only certainty as industry prepares for 2009Barack H. Obama ran for US president on a platform that emphasized change.
BMI: Only small increase seen in 2009 oil consumptionGlobal oil consumption will increase by just 0.6%, representing a decline of 1.3% in Organization for Economic Cooperation and Development countries and an increase of 2.3% in non-OECD countries, according to analyst Business Monitor International.
Pemex lets Chicontepec work; delays drill bidsMexico’s Petroleos Mexicanos has awarded four contracts worth a total $154 million for the construction of 344 drilling pads and access roads in the Chicontepec region.
Pertamina says Natuna D-Alpha project delays persist; access blockedIndonesia’s state-owned PT Pertamina may delay its decision to seek partners for developing the Natuna D-Alpha gas block in the Riau Islands.
Watching The World: Japan floats new ideasThe Japanese are floating ideas that may create waves in the oil and gas industry.
Gas exporting countries form charter, base in DohaThe Gas Exporters Countries Forum (GECF), a group of the world’s largest natural gas suppliers, has established a charter and chosen Doha as the home for its permanent secretariat, signaling Qatar’s growing importance in the natural gas market.
Indonesia sees 2% decline in 2009 LNG outputIndonesia’s LNG production is projected to decrease by more than 2% in 2009, largely due to a decline in the supply of natural gas to the country’s Bontang LNG facility.
Gazprom head comments on Ukraine gas issueEurope has stopped receiving gas supplies from Russia via Ukraine amid the bitter dispute that Russia’s OAO Gazprom is embroiled with Ukraine over unpaid bills and prices for deliveries in 2009.
Russian gas supplies through Ukraine shut downAll Russian gas supplies through Ukraine were shut down early Jan. 7 in a further escalation of the OAO Gazprom-Naftogaz pricing dispute, leaving some European Union and Balkan countries, now facing bitter cold temperatures, with no gas supplies from Russia.
World oil demand to reach 310 million b/d in 2030ExxonMobil Corp. expects global energy demand to increase by an average 1.2%/year during 2005-30, even assuming major energy efficiency gains.
ExxonMobil fined for 2006 Massachusetts spillExxonMobil Pipeline Co. agreed to pay more than $6 million in fines for a 2006 oil products spill near its Everett, Mass., terminal, the US Department of Justice said on Dec. 23, 2008.
Watching Government: New SEC rules: too late for ’08Publicly traded producers were elated when the US Securities and Exchange Commission (SEC) adopted new oil and gas reserves disclosure regulations Dec. 29, 2008.
LNG firms struggle with investments in volatile marketGas companies are uncertain whether to make LNG investments as gas demand falls due to high prices and the economic downturn, speakers said at the CWC LNG summit in Barcelona.
Analyst notes changing global, Chinese LPG trade patternsDemand patterns for global LPG trade will change in the near term, according to New York-based Poten & Partners, a global broker and commercial advisor for energy and ocean transportation industries, in its December issue of LPG in World Trade.
Moody’s downgrades independent E&P industryMoody’s Investors Service has changed its outlook of the independent exploration and production industry to negative, citing the “precipitous decline” in oil and natural gas prices to levels that are likely to result in abnormally low cash margins and fundamental credit deterioration.
Exploration & DevelopmentAlgorithm helps define final 3D seismic survey polygonThe design of a 3D seismic survey depends on a number of field parameters that control the patch geometry and layout of source and receiver lines.
Drilling & ProductionDRILLING MARKET FOCUS: Canadian companies reduce activities with price swingsThe high season for Canadian drilling should begin now, but many Canadian operators plan to scale back operations.
Woodford well perforated, stimulated without wellbore interventionModules placed in the production casing string eliminated the need for wellbore intervention for completing a Woodford shale horizontal well.
ProcessingItalian refiner lowers turnaround maintenance complexity, costsAs part of a large operational improvement program for its refining and marketing division, Eni SPA, with the support of the Boston Consulting Group (BCG), developed a new strategy for turnaround maintenance of its refineries.
TransportationCASPIAN NATURAL GAS—Conclusion: Trans-Caspian pipeline remains contentiousThe routes Kazakhstan could use to export its natural gas resources are of interest to both potential customers and the region’s other producers.
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