Cash is king. When it comes to monitoring the future health of the oil industry in 2000 and beyond, nothing speaks plainer than planned expenditure levels. From what the latest... more

They say the best piece of advice anyone can give you about predicting the future price of a barrel of oil is not to listen to any advice. It's probably... more

Amazing changes in exploration technology are likely as the industry cruises into 2000. As of press time we're still in the old millennium. So we're not sure if anyone's computers crashed... more

Drilling systems under development will take significant costs out of the well construction process. From small coiled tubing (CT) drilling rigs for North Sea wells to microrigs for exploration wells... more

In the recent past, production companies faced with price pressures reduced staff. Those remaining asked service companies for help. The service companies - by and large also working with smaller... more

The offshore oil business in many ways epitomizes all that is good and bad about the oil industry. Its technological achievements rank among some of Man's greatest feats, but its... more

Major initiatives under way will change the way we do business. The new millennium will see many changes in the way we explore for oil and gas, design offshore platforms,... more

The state-owned Brazilian oil operator Petrobras has unveiled details of further advances in its Procap 3000 program, which is designed to develop technological innovation in ultradeepwater exploitation systems. Earlier Procap... more

In what will be one of the year's most keenly contested licensing battles in the upstream sector, the new round - which is offering a total of 96 blocks -... more

Conoco climbed from last on the Schroder & Co. Inc. list of top 14 exploration and production companies in 1992 to first in 1998 with aggressive planning, focus and follow-through.... more

This time the wolf is indeed at the door. This time the sky is falling. This time (insert your favorite metaphor of imminent disaster here)... At least, that is what Colin... more

Gas demand this winter should drive US natural gas prices to the $3/Mcf level through the remainder of 2000, according to Raymond James & Associates Inc. of Houston. Raymond James analysts... more

Operators in other parts of the world may be sneaking up on the benefits of oil recovery, but Canadians are reaching out with both hands. Gas prices have a lot to... more

Texaco's Fuji and McKinley fields - named for majestic mountain peaks - have turned out to have molehill-sized reservoirs, leading the operator to cancel all appraisal drilling and contemplate a... more

Chevron hopes to resume drilling on its Phoenix field - interrupted by the recent Deepwater Pathfinder breakdown - in the summer or fall. And though Pathfinder repairs were to be... more

Whether this potential will be unlocked is not only dependent on the oil price but also on the framework conditions within which oil companies have to work. The Norwegian energy ministry... more

A total of 56 whole and 26 part blocks are to be offered in the round, abutting the area of the median line and the producing Foinaven and Schiehallion fields... more

In an innovative move that has fully embraced the concept of a more flexible and business-oriented regime, companies have taken to putting their assets on the market in a public... more

Kuwait's deputy prime minister, the oil minister and other leading figures in the country's petroleum industry have swung their weight behind a project to allow foreign oil companies to help... more

Venezuela plans to open its non-associated gas markets to foreign investment in the second half of next year with the help of a new natural gas law, which is likely... more

Floater activity is once again the dominant factor in the West African offshore sector, with billions of dollars of investment wrapped up in a handful of the latest projects on... more

While many oil companies shied away from Southeast Asia and the Far East during its economic woes of the past 2 years, some have been bold enough to turn this... more

The drilling of what is being seen as a high-potential wildcat offshore New Zealand is set to get under way this month, with the country's oil sector badly needing a... more

India's Oil and Natural Gas Corp. (ONGC) is to invest around US $1.5 billion into its Bombay High oil fields in the Arabian Sea to increase crude production - with... more

They say that the future is what you make of it. Well, if that's the case, the next few decades in the upstream oil and gas sector are going to... more