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    • Volume 92, Issue 20

    More content from Volume 92, Issue 20

    May 16, 1994
    A.D. Koen Senior Editor-News Despite more than a decade of downsizing, continuing uncertainty in oil markets is forcing U.S. petroleum companies into another round of cutting ...
    May 16, 1994
    South Australia has asked for bids on petroleum exploration licenses (PELs) covering 32,400 sq km in the eastern Officer basin. PELs are to be assigned to applicants submitting...
    May 16, 1994
    Drilling costs averaged 25.3% lower in and off the U.S. in 1992 despite an increase in average depth from 1991, according to the 1992 joint Association Survey on Drilling Costs...
    May 16, 1994
    Exploratory and appraisal drilling off Northwest Europe is languishing, largely because of tax policy changes. Last year's U.K. government decision to remove exploratory and...
    May 16, 1994
    The Indian Wells Valley in the Mojave Desert may give Kern County a new energy source, says Dr. Frank Monastero, who heads the Department of Defense's geothermal program at...
    May 16, 1994
    Optimism is growing less cautioues in Cambodia after companies tested two discoveries earlier this year. Observers believe that as many as seven to 10 wells may be drilled in ...
    May 16, 1994
    The oil industry will have to live with low crude oil prices and a high level of price volatility "for some time," says ARCO Chairman and Chief Executive Officer Lodwrick M. Cook...
    May 16, 1994
    World oil demand will grow substantially in 1994-95 as economies strengthen in Organization for Economic Cooperation and Development and developing countries, U.S. Energy Information...
    May 16, 1994
    Foreign joint venture activity is humming in Azerbaijan's upstream petroleum sector.
    May 16, 1994
    A MONTANA COURT ordered City Oil Corp. Pres. Christopher M. Pederson to pay a $1.8 million civil penalty by May 20 for allegedly violating federal rules that protect against contaminati...
    May 16, 1994
    A study prepared for the American Petroleum Institute concludes the U.S. Environmental Protection Agency's plan to mandate the use of ethanol in 30% of reformulated gasoline...
    May 16, 1994
    Outbreak of civil war in yemen has prompted some oil and gas companies to pull staff out of the country. Canadian Occidental Petroleum Ltd., Calgary, has evacuated 130 administrative...
    May 16, 1994
    With David Knott from London While some in the energy industry worry about how long the world's oil and gas reserves will last, one man has been looking much farther down ...
    May 16, 1994
    Michael C. Wellons, Ajit V. Sapre Mobil Research & Development Corp. Princeton, N.J. Arthur I. Chang, T.L. Laird Mobil Oil Corp. Beaumont, Tex. Mobil Research & Development Corp...
    May 16, 1994
    With Patrick Crow from Washington, D. C. Intertanko, the International Association of Independent Tanker Owners, is cracking down on safety. At its annual meeting in Washington...
    May 16, 1994
    Nigeria LNG Ltd. (NLNG) now has the majority of equity needed to fund construction of the proposed $4.5 billion Bonny Island liquefied natural gas export terminal.
    May 16, 1994
    The Organization of Petroleum Exporting Countries doesn't look so mistaken after all. For its late-March decision not to cut production quotas, the exporters' group received...
    May 16, 1994
    Oil prices continue to show surprising strength. Crude prices teased $18/bbl last week with light, sweet crude for June delivery climbing as high as $17.90/bbl on Nymex May 11...
    May 16, 1994
    Douglas L. Zahniser Oryx Energy Co. Dallas Robert W. Merritt Elf Exploration Inc. Houston C.K. Chan Shell Oil Co. Houston A project is under way to build data-loading tools and...