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Petroleum Reserves

Petroleum Reserves news and technical articles from Oil & Gas Journal. Search Petroleum Reserves latest and archived news and articles

  1. Arc Energy buys Wandoo Petroleum from Mitsui

    Online Articles

    Thu, 26 Apr 2007

    Wilkinson OGJ Correspondent MELBOURNE, Apr. 26 -- Arc Energy Ltd., Perth, has boosted its proved and probable petroleum reserves by 336% with the acquisition of Mitsui's Australian affiliate Wandoo Petroleum Pty. Ltd. for $315 million

  2. India reviews its hydrocarbon security, considers SPR

    Online Articles

    Wed, 29 May 2002

    MUMBAI, May 29 -- The Indian Prime Minister's Office (PMO) has revived an earlier plan to build strategic petroleum reserves as a way to protect the country from possible oil supply disruptions. The move assumes significance, given India

  3. AAPG, SPEE mull backing of 'reserves evaluator' certification program

    Online Articles

    Mon, 23 May 2005

    program to standardize the way the oil and gas industry estimates and reports petroleum reserves . The initiative is in response to concerns over recent petroleum reserves writedowns that prompted investors, the US Congress, and other regulators


    Magazine Articles

    Mon, 6 Dec 1993

    at Elk Hills, home to one of the U.S. naval petroleum reserves , had been sliding at a rate of 8%/year. It ..... level as a year ago. Dan Hogan, director of naval petroleum reserves in California in the Department of Energy's Office


    Magazine Articles

    Mon, 19 Oct 1992

    Commonwealth of Independent States. But continuing legal chaos in Russia, the C.I.S. republic with the most petroleum reserves and potential, is causing confusion among partners in active projects as well as among prospective investors


    Magazine Articles

    Mon, 23 Jul 1990

    Lake City Explorationists have been frustrated from the start in their efforts to discover and develop commercial petroleum reserves in the Colorado Plateau province of Utah. Can improvements be made, or is this a snipe hunt? The region features

  7. Watching Government Teapot Dome's legacy

    Magazine Articles

    Mon, 4 Sep 1995

    converted from coal burning to oil burning ships before World War I, the government set aside three oil fields as Naval Petroleum Reserves . The reason: fear that the nation would shortly run out of oil. Not many people have heard of the Elk Hills and

  8. More attention recommended for global deep reservoirs

    Magazine Articles

    Mon, 2 Sep 2013

    the total deep original 2P petroleum reserves in the world. Of that figure ..... world's deep original 2P petroleum reserves , with the former accounting ..... world total deep original 2P petroleum reserves , which is similar to the distribution

  9. Global oil market well supplied despite disruptions to producers

    Magazine Articles

    Mon, 7 Jul 2014

    finish 2014 at an estimated 361 million bbl, up from 358 million a year earlier. The volume of oil in the Strategic Petroleum Reserves (SPR) is likely to close out 2014 at 691 million bbl, lower than 696 million bbl at the end of last year. Refining

  10. The creaky SPR

    Magazine Articles

    Mon, 11 Aug 2014

    much smaller and more frequent than expected. According to John Shages, who was deputy assistant secretary for petroleum reserves in the Department of Energy during 2003-07, usage patterns at variance from design expectations have hurt the

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