The crude oil price escalation and de-escalation formula for change in API gravity may result in payment of a higher price for a crude oil as a result of the increase in API gravity...
US House Energy and Commerce Committee leaders sent a letter to Transocean Ltd. on July 23 seeking more information on safety practices aboard the Deepwater Horizon and the semisubmersi...
BP PLC crews drilling the first relief well to the Macondo well tentatively planned to start trying to kill the flow of oil and gas inside Macondo around Aug. 7-9 regardless of...
BP PLC announced a pretax charge of $32.2 billion for the Gulf of Mexico oil spill, including a previously announced $20 billion escrow compensation fund.
Two former US Interior secretaries firmly refused to accept some US House members' efforts to second-guess the DOI officials' offshore oil and gas decisions in light of the Apr...
Petrobras has analyzed the world's lube-oil production capacity trends from 2000-09, as published by Oil & Gas Journal's annual refinery survey, the current status of world GTL...
Development of Marcellus shale natural gas could create 280,000 jobs and add $6 billion of federal, state, and local tax revenues over the next decade, a new study commissioned...
Approval soon of gasoline ethanol blends of 15% (E15) by the US Environmental Protection Agency appears nearly certain and offers the illusion of a path to alleviate the immediate...
A study established a quantitative fracture identification method for the igneous reservoir rock in the Xingcheng group of Xushen gas field, a field near Daqing in northeastern...
The Jordanian government, aiming to overcome years of dependency on outside sources of oil and gas, has granted Estonia's Eesti Energia (Enefit) a concession of up to 50 years...
The Davy Jones deep gulf shelf discovery by McMoRan Exploration et al. in South Marsh Island blocks 230, 231, 234, and 235 is of major importance for a number of reasons.
An oil play is under way on the eastern Chaco slope of the San Juan basin in northwestern New Mexico, where 17 zones from 400 ft to 4,000 ft have oil potential, including unconventional...
BP PLC Chief Executive Tony Hayward agreed to step down from his post, effective Oct. 1, and he will be succeeded by Robert Dudley, executive director who is currently overseeing...
The US House passed two bills on July 21 that would create research programs in response to the Macondo well blowout and resulting oil spill in the Gulf of Mexico.
Excluding independent producers from the deepwater Gulf of Mexico could eliminate 265,000 jobs and $106 billion in federal, state, and local tax revenue by 2020, a new study by...
Adapted from a presentation prepared for the Russian Event sponsored by the Center for Global Affairs, New York University, and The Carnegie Corp., Feb. 26, 2010.
Ten US senators from five coastal states urged the US Department of the Interior to expedite consideration of shallow-water drilling permit applications and to provide adequate...
The deepwater Macondo well blowout will not prove as detrimental to drilling in the Gulf of Mexico as the Three Mile Island accident proved for the nuclear industry, Douglas L...
As US Senate Majority Leader Harry M. Reid (D-Nev.) prepared to unveil oil spill liability legislation, an alliance of Midcontinent producers and national associations representing...
Allied Power Group,Houston, has named Kelly Moore marketing manager. She will oversee all Allied Power marketing initiatives, including brand identity, advertising campaigns, ...
US refineries operated at 91.5% of capacity the week ended July 16—"the highest level since August 2007" and up from 90.5% the previous week, said Jacques H. Rousseau, analyst...
SOFTWARE HELPS AUTOMATE PRESSURE CALIBRATION PROCESSNew COMPASS for Pressure 3.0 software helps calibration specialists organize and accelerate the task of calibrating pressure...
Nervous optimism describes the mood of European operators just past 2010's midpoint as oil prices have recovered from the drastic late 2008 slump, economies slowly emerge from...
The oil and gas industry has taken over the global production of sulfur but, according to sulfur specialists, mistreats the yellow material as a byproduct best disposed of and...
