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Many of the world's international producers looked at oil and gas prices late in 2001 and decided to take the cautious approach by trimming capital spending plans, but the worldwide... more FEATURES
Demand drives energy growth
Nations around the world want to use gas and sell oil, creating an imbalance that forces strong growth in gas production. Energy users on every continent except Antarctica are looking for... more
Production moves to world decline
Depletion of non-Opec oil reserves puts more control in the hands of Opec and offers technology-based profit opportunities. In the United States, exploration and production has been a declining industry... more
Diversity increases supply security
As nations seek greater energy self-sufficiency, they will turn in increasing numbers to offshore oil and gas sources. The fallout from the events of Sept. 11 will continue for many years... more
New technology ready and waiting
It is a bit of a conundrum for seismic contractors that they are shouldering an increasing responsibility for technology development yet can't rush something to the market before the market... more
Amplitude responses image reservoir
A new approach to seismic interpretation improves resolution and reduces risk. Spectral decomposition is a simple yet robust approach for generating high-resolution seismic images of stratigraphic and structural prospects or reservoirs.... more
Vibrator combines mobility, low impact
A new generation of vehicle with a smooth ride is minimizing the environmental impact of seismic operations. Oil companies explore many types of terrain in their search for oil and gas.... more
4-C system goes ultradeep
An autonomous four-component seabed system offers a deepwater alternative to ocean-bottom cable. Offshore seismic exploration is focusing more and more on water depths below 3,000 ft (915 m). Tenders for seismic... more
Hang in there; it will get better
This year will be the opposite of 2001 - a little drilling in the first half and more in the second half. Low natural gas prices have taken their toll... more
ITBS extracts 75 million bbl from Troll
A new multilateral system has enabled Norsk Hydro to increase production from a deepwater field. Norsk Hydro has successfully used multilateral wells in the Troll Olje field (the oil rim of... more
Conductors revamped for deep water
Conductor systems suitable for deepwater and harsh-environment jackups must account for increased wave and current loading, greater casing weights and the influence of jackup movement. Until recently, the majority of... more |
INDUSTRY ROUNDUP
Industry Roundup
NORTH AMERICA A recent issue of Forbes magazine highlighted the best small companies in America. Denver, Colo.-based Key Production Co. Inc. ranked 30th overall on the Forbes 200 Best Small Companies... more INFORMATION TECHNOLOGY
Alliance promises long-term growth
Halliburton is expanding its traditional "hard-hat" engineering focus to include an array of information technologies and services. Halliburton and Accenture announced a major expansion of their long-standing relationship with the... more MARINE TECHNOLOGY
North Sea hits 'production pinnacle'
Output from the North Sea is certain to drop without a big expansion in exploration drilling. If production from the North Sea is to rise, more drilling units need to be... more MERGERS & ACQUISITIONS
Mergers & Acquisitions
NORTH AMERICA Devon picked up 97% of the shares of Canada's Anderson Exploration Ltd. for US $3.4 billion to get an anchor position in the Western Canada Sedimentary Basin's Foothills deep... more OFFSHORE REPORT
Going crazy over the Gulf
Crazy Horse is going to break a lot of new ground when it comes onstream. When Crazy Horse field comes onstream in 2005, operator BP and partner ExxonMobil will boast the... more ON THE MOVE
On the Move
A recent issue of Forbes magazine highlighted the best small companies in America, and several named came from the exploration and production industry. Denver, Colo.-based Key Production Co. Inc. ranked... more WORLD MAP
North America
1. First Goldwater Resources Inc., Vancouver, British Columbia, reported a Fresno County, Calif., exploratory well in which it has an 8% working interest is to be production tested. In the... more
Gulf of Mexico
1. Mexico's Pemex plans to develop six new fields off the coasts of Tabasco and Campeche, Mexico, about 46 miles (75 km) north of Dos Boca. The 24 production wells... more
Europe
1. Ramco Energy had reason to celebrate after its Seven Heads gas prospect tested 13.7 MMcf/d of gas from an Upper Wealden sandstone on the 47/24-5a well. Seven Heads, estimated to... more
Africa
1. Anadarko is set to drill its first deepwater well off West Africa's Congo Brazzaville. The US independent will drill the Rita prospect in the Marine IX block at a... more
South America
1. Statoil of Norway and Petroleos de Venezuela SA (PdVSA) reached an agreement to increase production from Ceuta Area 2 field in Lake Maracaibo, Venezuela. The agreement calls for a... more
Central Asia
1. Socar, Azerbaijan's national oil company, plans to develop giant Guneshli field, part of the Azeri-Chiraq-Guneshli field complex, on its own after developments talks with TotalFinaElf broke down. Socar executives... more
Middle East
1. Ness Energy of Texas is in final talks to acquire a 10% interest in a gas discovery offshore Israel. The company did not release further details of the transaction... more
Pacific Rim
1. As Philippine President Gloria Macapagal Arroya dedicated the Malampaya gas complex off the northwest coast of Palawan, Shell Philippines began a delayed project to produce the field's oil rim... more EXPLORATION TECHNOLOGY
Only in union is there strength
PGS and Veritas prepare for an April wedding in hopes of providing a little more competition for WesternGeco. Arranged marriages might work in some cultures, but they're not likely to appeal... more WELL CONSTRUCTION
Reclaim the oil from cuttings
As environmental regulations tighten, operators are faced with limited options for oil- and synthetic-based mud and cuttings disposal. For shallowwater offshore and some onshore drilling operations, cuttings slurrification and reinjection often... more PRODUCTION OPTIMIZATION
DOE mulls shallowwater royalty relief
As imports become riskier, the US Department of Energy (DOE) investigates ways to extend productive life of marginal Gulf properties. Responding to an industry request, DOE's National Energy Technology Laboratory... more AS I SEE IT
Heroes with clay feet
Faster than a speeding locomotive. Able to leap tall buildings in a single bound. When I grew up, that was Superman. But lately, the Man of Steel seemed to have... more ACTIVITY SPOTLIGHT
Faeroe Islanders are pondering an economic future wrapped up with an oil boom. The Faeroe Islands of the North Atlantic may have an oil boom on their doorstep with the third... more THE LAST WORD
Build better relations
It is time for the energy industry to implement a public relations plan to win the hearts and minds of people across the country. As Senior Editor Jeanne Perdue suggested... more |