More IOR/EOR News

Gas injection project awarded for Abu Dhabi offshore field

Oct 17, 2001 Abu Dhabi Marine Operations Co. awarded a major gas injection project to expand the output of Zakum oil field, the primary Abu Dhabi offshore field.

Energy Congress told deep offshore basins will be key to future supplies

Oct 23, 2001 Anticipated growth in oil demand will buoy the oil industry for the foreseeable future, and playing a major role in supplying oil for that future will be deep offshore basins. Those were major conclusions offered in two presentations to the World Energy Council's World Energy Congress.

Alaska extends Point Thomson unit, enabling production by 2008

Nov 15, 2001 Alaska has approved an expansion of the North Slope Point Thomson Unit, which under the current plan of development should result in production by 2008.

Statoil forming elite exploration team to seek larger oil fields

Nov 28, 2001 Statoil AS is forming a global exploration team of about 100 geologists by the end of the year to focus on high quality prospects.

Year to end with $2.25 billion more investment in UK offshore

Dec 3, 2001 The UK's energy minister expects to end 2001 by giving formal approval to offshore oil projects and capital spending worth more than $2.25 billion. He said 3 projects signed off in the last 2 weeks could secure more than 2,000 jobs in the industry.

Total awards Carina-Aries contracts to J. Ray McDermott

Dec 3, 2001 Total Austral SA, a subsidiary of TotalFinaElf SA, has awarded subsidiaries of J. Ray McDermott International Inc. contracts worth $160 million for two natural gas production platforms and related pipelines to be installed off Argentina.

Politics or technology

Dec 14, 2001 Efforts by the Organization of Petroleum Exporting Countries to limit output in support of prices have been going on for several years in some shape or form. The group has had its successes and its failures, its supporters and its detractors.

Alberta oil sands projects accelerate despite soft prices, cost overruns

Dec 17, 2001 The pace of oil sands development in northern Alberta is quickening, despite soft oil prices and substantial cost overruns on projects under way. More than 63 projects costing more than $51 billion (Can.) have been announced in the past 5 years.

Canadian Natural Resources to curtail some heavy oil activity in 2002

Dec 19, 2001 Canadian Natural Resources Ltd., Calgary, has decided to curtail some heavy oil drilling and production in 2002. It said recent declines in world oil prices, combined with an unusually high heavy oil differential, contributed to its decision.

Talisman gives Pegasus contract for Kildrummy field in UK North Sea

Jan 4, 2002 Talisman Energy Inc. let contract to Pegasus International UK Ltd. to perform detail design engineering for its Kildrummy field in the UK North Sea.

Lukoil reports reserves jumped 942 million boe last year

Jan 14, 2002 OAO Lukoil has reported it increased reserves 942 million boe in 2001, mostly from discoveries in the Caspian Sea and Timan-Pechora province.

Crude begins arriving on market from Girassol field off Angola

Jan 16, 2002 London traders have sold Statoil ASA's first 1-million-bbl crude shipment from the $3.5 billion Girassol field project off Angola. Operator TotalFinaElf will inaugurate the field, which began production Dec. 4, with ceremonies in early February.

Big business bugs

Jan 25, 2002 Austria is seldom seen as an oil producer, but in the fertile corn fields northeast of Vienna there are wells thatmighthave been abandoned as uneconomic 5 years ago are still producing.

Unocal, Marathon, ChevronTexaco earnings deflated by lower prices

Jan 29, 2002 Fourth quarter revenues plunged for Unocal Corp., Marathon Oil Corp., and ChevronTexaco Corp., the companies reported Tuesday. The companies blamed the losses on sharply lower prices for oil and gas, compared with the last period of 2000.

Ceiba oil field resumes production from new FPSO

Feb 26, 2002 Oil production resumed in late January from Ceiba oil field on Block G off Equatorial Guinea, said Amerada Hess Corp. The field is producing at a rate of more than 50,000 b/d via Sendje Ceiba, a new floating production, storage, and offloading vessel.

Market Connection

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

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