More Oil & Gas Exploration and Development News

U.S. OIL DEMAND TO CLIMB IN 1990

Jan 29, 1990 Robert J. Beck Economics Editor Continued economic growth coupled with stable or slowly declining petroleum product prices will boost U.S. oil demand in 1990. Last year product demand grew minimally due to substantial increases in product prices and competition from other fuels in the industrial and utility markets. While demand grows, domestic supply will sag again.

OGJ NEWSLETTER

Jan 29, 1990 New production facilities are planned for the Middle East in preparation for higher demand for crude from the region later in the decade. Arabian Petroleum Pipelines (APP) will boost capacity of the Sumed pipeline from the Gulf of Suez to the Mediterranean Sea to 2.4 million b/d from 1.6 million b/d during the next 3 years. In the Persian Gulf, Abu Dhabi Co. for Onshore Oil Operations (ADCO) will expand capacity of Bab onshore oil field and the Jebel Dhanna export terminal.

SIX OPEC NATIONS HAVE 70.5% OF WORLD'S PROVEN OIL RESERVES

Feb 5, 1990 Saleh M. Billo King Saud University Riyadh, Saudi Arabia The Arabian Peninsula proper is, a great half basin open to the north, and comprises about 90% of the total area of Mesopotamia (a part of modern Iraq)-Arabian Gulf, eastern Rub-al-Khali lowlands. The Tethyan trough was marked by relative stability during most of the Paleozoic. During Permian time this trough started to sink while simultaneously precipitating carbonate which gave way to marls and shales that were deposited in this trough

SYSTEM MEASURES ENVIRONMENTAL LOAD ON N. SEA PLATFORM

Feb 5, 1990 Shell U.K. Exploration & Production is conducting an extensive project to measure wave and current loads on a platform in the North Sea. Site for the 750,000 ($1.23 million) program is Tern oil field's steel structure in Block 210/25a in the U.K. sector. Shell Expro, operator for the Shell U.K. Ltd.-Esso U.K. plc combine, said the monitoring system will provide data not previously available about the platform's environmental load. Data gathered from the project are to play a role in

1990 SEEN AS TURNAROUND YEAR IN CANADA

Feb 5, 1990 Canadian officials believe 1990 will mark the beginning of an upturn for their industry. Industry groups say operators are budgeting for an average crude oil price of $18.50 (U.S.)/bbl. Natural gas sales will remain strong, although prices will be weak and there will be inadequate pipeline capacity for gas exports to the U.S. Average gas prices are expected to increase by 50 to $1.65/Mcf as a result of tighter North American supplies. The Canadian Petroleum Association and Independent Petroleum

BUSH PLANS TO HIKE ENERGY OUTLAYS

Feb 5, 1990 President Bush's first budget proposal calls for significantly higher spending f r energy research and development, conservation, and renewable energy. The administration's fiscal 1991 budget, for 12 months beginning Oct. 1, calls for $1.23 trillion in spending and anticipates $1.17 trillion in revenues, leaving a $63 billion deficit. That's barely less than the $64 billion deficit limit set in the Gramm-RudmanHollings budget law. As part of the budget, the Treasury Department

WATCHING WASHINGTON DINGELL'S NEW VIEWS

Feb 5, 1990 With Patrick Crow Times change, and sometimes people change with them. A case in point is Rep. John Dingell (D-Mich.), chairman of the House energy and commerce committee. During the past two decades he often has been a tough critic of the oil industry and, due to his position, a formidable obstacle for oil lobbyists. But last year, Dingell was persuaded that consumers would be better served by natural gas decontrol than by regulation. As a result, phased deregulation was enacted. Last week

U.S. BRIEFS

Feb 5, 1990 ASEA BROWN BOVERI INC., Stamford, Conn., acquired Combustion Engineering Inc. after CE shareholders approved the merger. ABB bought more than 90% of CE's common stock Dec. 15, 1989, for about $1.6 billion. ABB also purchased Westinghouse Electric Co.'s transmission and distribution operations for about $800 million. SONAT INC. completed acquisition of the common stock of Carlile & Howell Inc., owner of Marshall Exploration Inc., Marshall, Tex. Sonat estimates the acquisition added

H2S REMOVAL SYSTEM SHOWS PROMISE OVER IRON SPONGE

Feb 5, 1990 Alvin Samuels Gas Sweetener Associates Inc. Metairie, La. Use of a new material as a replacement product for iron sponge (wood chips) for H2S removal has been introduced at two Shell Western E&P central production facilities in Michigan. At the Chester 21 facility, operating costs between March and August 1989 were reduced by 13% over the same period for 1988. Winter savings are projected at 21%. The new trademarked material is named SulfaTreat. It is a dry, free-flowing material being used

NORTH SEA FIELD MAY GET CONCRETE PLATFORM

Feb 5, 1990 Concrete oil production platforms appear ready to make a comeback in the U.K. North Sea. Amerada Hess Ltd. favors a concrete substructure for Scott field, the largest oil reservoir currently under development off the U.K. At the same time, McAlpine Offshore and Doris Engineering have formed a joint venture to undertake complete design, construction, and installation for concrete structures in the British North Sea. In other North Sea action: Conoco (U.K.) Ltd. started initial development

U.S. INDUSTRY EXPANDS SPILL RESPONSE PLAN

Feb 5, 1990 Expanded plans are in place by U.S. oil companies to form a standby oil spill cleanup group, the Petroleum Industry Response Organization (PIRO). Plans began taking shape in earnest last summer in the aftermath of the Exxon Valdez spill in Alaska's Prince William Sound (OGJ, June 26, 1989, p. 18). John Costello, president of PIRO Implementation Inc., said the 20 companies that originally proposed PIRO and 20 more large firms are being asked to join by Mar. 1. He said, "The PIRO

AMOCO SETS FLOW TEST WATER DEPTH RECORD

Feb 5, 1990 Amoco Production Co. last week disclosed a world record water depth flow test at a well in the Gulf of Mexico. The company's 1 Sidetrack 2 Viosca Knoll 957 flowed at a stabilized rate of 22.5 MMcfd of gas and 2,670 b/d of condensate through a 46/64 in. choke with 2,800 psi average flowing tubing pressure during a 4 day test of pay at about 13,000 ft. Drillsite, about 70 miles east of the Mississippi River Delta, is in 3,492 ft of water (see map, OGJ, Nov. 13,1989, p. 22). At last count, the

COALBED METHANE-CONCLUSION COALBED METHANE DEVELOPMENT FACES TECHNOLOGY GAPS

Feb 5, 1990 Richard A. Schraufnagel, Richard A. McBane Gas Research Institute Chicago Vello A. Kuuskraa ICF Resources Inc. Fairfax Va. The coalbed methane industry has grown rapidly during recent years, powered greatly by new science and better technology. Still, major challenges remain that require research and fresh ideas, particularly for developing new basins, deeper coals, and geologically complex settings. This concluding article in a series of nine on coalbed methane that began Oct. 9, 1989,

INTERNATIONAL BRIEFS

Feb 5, 1990 INSTITUTE COSTARRICENSE de Electricidad (ICE) of Costa Rica received a $182.8 million loan from Inter-American Development Bank for a $264.1 million electrical power project. ICE will build the 55,000 kw Miravalles 11 geothermal plant, the 24,000 kw Toro I and 66,000 kw Toro 11 hydroelectric plants, and a substation and expand six other substations. A/S NORSKE SHELL let a 1.1 billion kroner ($168 million) contract to Kvaerner Rosenberg, Stavanger, to build the 18,500 metric ton decks for a

CONVENTIONAL SUPPLY OF OIL WILL SLOW DOWN

Feb 5, 1990 Roger R. Alahakkone Srolank Investment & Trading International Calgary In Canada, Alberta and Saskatchewan account for all of heavy oils and tar sands deposits, while the Orinoco belt in Venezuela represents that country's major deposits. In recent years as conventional oil supplies decline, more and more attention is diverted to heavy oils and tar sands. in western Canada, the major deposits of Cold Lake, Athabasca, Wabasca and Peace River, together are estimated to hold 967 billion

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