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Oil & Gas Journal
Volume: 106
Issue: 27
Jul 21, 2008
General Interest
Firms can avoid EITI, FCPA pitfalls
In May, the Extractive Industries Transparency Initiative (EITI) published the “EITI Business Guide” to encourage oil and gas companies, as well as companies in other extractive industries, to support implementation of the EITI in countries that are developing or operating oil and gas assets.
Bush ends presidential OCS lease ban, presses Congress
Responding to congressional Republicans’ calls that he make the first move, US President George W. Bush has lifted a presidential withholding of oil and gas acreage leasing on the Outer Continental Shelf.
Oil and gas groups applaud Bush’s latest OCS order
Oil and gas trade associations and other business groups applauded US President George W. Bush’s July 14 cancellation of an executive order banning oil and gas leasing on 85% of the Outer Continental Shelf.
WATCHING GOVERNMENT: Oil state House Dems speak up
Oil state Democrats in the US House seem caught in a dilemma. On one hand, their party leaders advocate energy solutions that do not include oil and gas.
OPEC releases World Oil Outlook to 2030
The Organization of Petroleum Exporting Countries has released its oil outlook to 2030, citing various challenges to the oil market, including uncertainty of demand, rising costs, and environmental regulations.
IEA rolls out 2009 supply and demand forecast
The International Energy Agency has released its outlook for 2009 oil supply and demand.
FACTS: Mideast trade transformation under way
The Middle East will play an increasingly important role in the world oil market as it emerges as a new export force, according to a new report from a prominent energy consulting firm.
EPA proposes rules covering carbon dioxide storage
The US Environmental Protection Agency (EPA) released proposals July 15 for a category of injection wells for long-term underground carbon dioxide storage as Congress contemplates carbon capture and storage (CCS) technology.
API: US exploratory drilling up over 50% in 2Q
Oil and gas producers drilled over 50% more US exploratory wells in second-quarter 2008 than a year earlier, reported the American Petroleum Institute in its latest quarterly estimate of domestic well completions.
WATCHING THE WORLD: Shedding light on a dark market
It should come as no surprise that airlines based in oil-producing nations were the main drivers of new aircraft orders last week at the biannual Farnborough International Air Show.
Exploration & Development
MODELING GULF OF MEXICO LOST PRODUCTION—3: Value of production losses tallied for 2004-05 storms
In extreme weather, damage to offshore facilities is unavoidable and can take many forms.
Model limitations and constraints
Production data are extracted from public domain sources, and so it is not possible to fully identify those factors which make each property unique.
Drilling & Production
SPECIAL REPORT: RFID applications spread in upstream operations
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SPAN style="FONT-SIZE: x-small" roeB2="0" q7OEu="0">Many different industries use radio frequency identification (RFID) technology, but it is a late arrival in the oil field.
SPECIAL REPORT: Mixing RFID and oil creates competitive advantage
The RFID Oil & Gas Solution Group, a consortium of industry and universities based in Texas, offers research, study, and pilot deployment services to help improve automation, identify and control equipment, assets, tools, and related processes used in the oil and gas and petrochemical industries.
SPECIAL REPORT: University researchers track metal oil field products with RFID tags
Piping Technology & Products Inc. manufactures various metal piping products, such as pipe shoes, pipe hangers, expansion joints, slide plates, etc. for the oil and gas industry.
SPECIAL REPORT: Industry needs to develop RFID interoperability standards
To date, RFID in the oil and gas industry has not been used as ubiquitously as in other fields.
Processing
Refinery profits diverging from crude price trends
A recent examination of cash margins showed how refinery profits have changed since 2002.
Transportation
Balloon network allows remote CP monitoring
Automated near-space monitoring of pipeline rectifiers offers a means of maintaining cathodic protection of pipeline networks without travelling to remote locations.
Regular Features
OGJ Newsletter
OGJ Newsletter
Journally Speaking
Keeping workers safe
Pipeline safety typically refers to the potential threat, or lack thereof, posed by an existing or proposed oil or natural gas pipeline to the surrounding population and environment.
Letters
Message for Congress
While our elected leaders on Capitol Hill failed to acknowledge the need for immediate and extensive exploration efforts on both coasts and federal lands, thoughts have come to me from my reading of Oil & Gas Journal issues from the last 4 years: Recent advice from visiting Saudi parliament (Majlis-e-Shura) members could assure US lawmakers that it’s time to drill for new oil inside the US—to avoid additional price hikes for US citizens.
Editorial
Learning to cooperate
An important development in the geopolitics of oil has largely escaped notice where it should be big news: in the US.
Area Drilling
Area Drilling
Equip/Software/Lit
Equipment/Software/Literature
Editor’s Perspective
House leaders press national drilling program
House Democrats are pressing a national drilling program for the US.
Market Journal
Crude fluctuates in $12/bbl range
Crude prices fluctuated in a $12/bbl range July 7-11 on the New York Mercantile Exchange, falling sharply in the first two sessions as the US dollar strengthened then rebounding in the last two sessions to almost make up that loss.
Services/Suppliers
Services/Suppliers
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