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Petroleum Industry Information Exchange Center

The latest petroleum news around the world, hot topics, new technologies, post or request oil jobs, post or request oil projects, oil field trading, oil equipment trading ......

Mission Statement
oil-gas-news.com is designed to be interactive center for current information regarding the peak in global energy supply, new E&P technology, business opportunity. We will publish news and research concerning: The current situation, such as Innovations or partial solutions to this crisis, new technology, Joint Venture Project, new idea, oil & gas production data, economic or societal clues to decline profiles, and relevant institutional pronouncements. Any other issues which assist our understanding of the broader implications of the oil peak.

We welcome original content, and we invite industry insiders and independent researchers to submit their insights and findings relevant to these issues.

How it works
Users of the site contribute articles through the article submission form. Our editors will approved these stories for publication.

We welcome constructive criticism at all times, and invite all readers to leave comments on the articles and also to send feedback by email help@oil-gas-news.com.

Created on 02/04/2003 10:24 AM by admin
Updated on 11/13/2006 02:42 PM by admin
 Printable Version

Today Oil & Gas News

Thursday, October 23, 2014

Industry Headlines

Russian Prosecutors Detain More Suspects In Total CEO Plane Crash
Prosecutors detain four Moscow airport workers and deny bail to the driver of a snow plough involved in the plane crash that killed the CEO of Total earlier this week.

Husky Energy Profit Rises 11.5% On Increased Production
Husky reports an 11.5% rise in quarterly profit, helped by a 10% increase in production.

Mozambique Offers More Gas And Oil Blocks Week After Election
Mozambique opens up 15 new areas for exploration and production, a week after national elections which are expected to return the ruling Frelimo party to power.



Wednesday, October 22, 2014

Industry Headlines

Thailand Plans Feb Auction Of Petroleum Concessions At 29 Blocks
Thailand plans to kick off a new auction round next February for petroleum concessions on 29 onshore and offshore blocks in its effort to secure energy supplies, a senior energy ministry official says.

Shale Activity Creating Need for Updated Data Management Systems
Oil and gas companies should truly understand the scope of their operations before investing in technology solutions to address the complexity and volumes of data in shale operations.

Famed Texas Oilman Nelson Bunker Hunt Dead At 88
Nelson Bunker Hunt, the Texas oilman once considered the world's richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, dies at age 88.

Colombia Could Lower Oil Price Projections For 2015 And 2016
Colombia may revise down its projections for the price of oil in 2015 and 2016, Finance Minister Mauricio Cardenas says.

Denton To Vote To Ban Fracturing On November 4
The citizens of Denton will be voting Nov. 4 whether or not to ban hydraulic fracturing.

Oil Dives After Big US Weekly Crude Stock Build
Oil prices fall sharply, with US crude approaching $80 a barrel after data shows a second big jump in weekly US crude stockpiles.



Tuesday, October 21, 2014

Industry Headlines

Oil Ends Up After China Demand News, Fragile Recovery Seen
Brent crude oil ends up almost 1%, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.






Announcements

Momentive (Formerly Hexion) Adds New Proppant Production Line

Posted by: anonymous on 01/18/2011 12:23 AM (Read: 3061)
Momentive Specialty Chemicals’ Oilfield Technology Group
Adds New Production Line to Cleburne, Texas Resin Coating Plant
Read More

Oil Well Leaks

Posted by: anonymous on 01/18/2011 12:22 AM
A complete redo of capping procedures should be looked at in the United States drilling procedures as per chapter three, p.s. is that well in the Gulf been fractured or chemically enhanced yet?

Knowledge Reservoir and GreyStar to Jointly Manage and Develop

Posted by: anonymous on 01/18/2011 12:22 AM (Read: 2965)
HOUSTON, Texas, May 28, 2010 --- Knowledge Reservoir LLC, a leading geosciences and engineering consulting services company, and GreyStar Corporation, Inc., a leading provider of facilities management, operations, maintenance and asset management services, today announced the signing of an agreement to cooperate in the management, development and operation of oil and gas producing assets. The companies’ cooperation will target project opportunities in various regions of the world, including Southeast Asia, China, the Middle East and Latin America.
Read More

Knowledge Reservoir Announces 2010 Release of its Deepwater Gulf of Mexico Knowledge Base – ReservoirKB

Posted by: anonymous on 01/18/2011 12:22 AM (Read: 2875)
Knowledge Reservoir LLC, a leading geosciences and engineering consulting services company, today announced the 2010 release of its deepwater knowledge base, ReservoirKB.Bold Text
Read More

well log digitization, well log digitizing

Posted by: anonymous on 11/14/2009 11:00 AM (Read: 10303)
Well log digitizing Well log digitization - Logdigi,LLC provides the lowest price well log digitizing, well log digitization service, the highest quality, and the fastest well log digitizing service. Logdigi's automated well log digitizing system is a new strong Competitor of other companies - Well Log Digitizing system. Logidigi's well log digitizing fee is much cheaper than other digitization company. *Well Log Digitization price: average US$19/well *Convert(digitized)paper log to digital log within 2 hours, faster than *ohter well log Digitizer *Accommodate order large and small, rush or long term *Guarantee high quality Service, 100% customer satisfaction *Use automated digitizing software to digitize, automated tracing well log *Quality Control: digitization software has an efficient "Automatic Match Function" *Deliver well-logging data in standard LAS format. LOGDIGI international log experience includes complex and problematic logs from P.R. China (36 oil fields), Russia, Latin America, Europe, the Middle East, and Africa.
Read More

GCAGS/GCPE Convention

Posted by: admin on 09/08/2006 07:44 AM
The Gulf Coast Association of Geological Societies is combining with the Gulf Coast Prospect Expo for one great event scheduled for September 25-27, 2006 in Lafayette, Louisiana. Go to www.gcags2006.com for up-to-date convention details along with on-line registration.


This event repeats daily until 09/27/2006

XCXP Operating L.P. Selects PEOffice® from Optimization Petroleum Technologies for Reservoir and Production Analysis

Posted by: anonymous on 01/18/2011 12:22 AM (Read: 1543)
XCXP Operating L.P., an independent oil & gas producer, announced today its decision to license the PEOffice suite of software from Optimization Petroleum Technologies for reservoir and production analysis.
Read More

HPI, LLC announces receipt of EGPC certification

Posted by: anonymous on 01/18/2011 12:22 AM (Read: 1526)
HPI, LLC, a leader in the supply of turbine control solutions and turnkey power plants, announced today their receipt of the EGPC certification from the Ministry of Oil in Egypt.
Read More

Black Elk Energy announces the success of its 2nd Annual Empowering the Community charity event

Posted by: anonymous on 01/18/2011 12:22 AM (Read: 1655)
Black Elk Energy, an independent oil and gas company headquartered in Houston, is proud to announce the success of its second annual Empowering the Community charity event.
Read More

Energy Prospectus Group announces launch of new website

Posted by: anonymous on 01/18/2011 12:22 AM (Read: 1501)
Energy Prospectus Group (EPG), a division of DMS Publishing, LLC, announced today the launch of the new website www.EnergyProspectus.com, which allows EPG to better serve their network of oil & gas professionals and investors.
Read More

Castellated sub-sea cuts

Posted by: anonymous on 01/18/2011 12:22 AM (Read: 1610)
Oil States MCS Ltd successfully completes, remotely controlled, “fully castellated” underwater cutting operation
Read More

White Marlin E&P, LLC Announces the Launch of Business Operations

Posted by: anonymous on 01/18/2011 12:22 AM (Read: 1512)
White Marlin E&P, LLC, an upstream oil and gas production company, announced today the launch of business operations and the opening of offices in Houston, Texas. Founded by four principal investors with extensive oil and gas experience, the new company is led by Terrell J. (Terry) Clark, President and CEO, and Jack C. Faubion, Chief Financial Officer.
Read More

Also on this Site...

A New Approach to Drilling Directional Wells with Coile
Last updated by admin on 03/24/2013 04:50 PM (Read: 35600 times)

by Matt Varhaug, Oilfield Review editor
Tue, Mar 20, 2007 23:57 GMT

THE WOODLANDS, Texas - Field testing is opening the way for coiled tubing in directional wells drilled in the San Juan Basin of Colorado and New Mexico, USA.

Speaking here at the Intervention & Coiled Tubing Association's (ICoTA) 2007 Coiled Tubing and Well Intervention conference and exhibition, Tony Pink, Drilling Engineering Manager with Schlumberger, described how the San Juan Coiled Tubing Project was launched by BP America to evaluate directional drilling systems used in coiled tubing applications.

[Read More] 497 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


Realtimenews@AAPG: Innovative Techniques Minimize Inter
Last updated by admin on 11/09/2007 12:00 AM (Read: 40596 times)

by Gretchen Gillis
Thu, Nov 9, 2006 01:29 GMT

PERTH, Australia ?Making good reservoir predictions is a crucial endeavor for petroleum geologists, as evidenced by numerous presentations given here at the AAPG International Conference and Exhibition.

Geological interpretations of outcrops, wells, or other data types depend heavily on the skill of the interpreter, and typically are strengthened by the interpreter抯 experience. The oil and gas industry is hiring new geological interpreters at breakneck speed, and often these interpreters collaborate on large projects, so consistency of interpretive approach is desirable.

[Read More] 479 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


Web Delivers Timely Petrotechnical Reference Data
Last updated by admin on 04/04/2007 07:40 AM (Read: 37400 times)

by Gretchen Gillis
Tue, Apr 3, 2007 19:39 GMT

LONG BEACH, California – The drilling, logging and other oilfield equipment of today bears a resemblance to its earliest predecessors. But the volume of data acquired when drilling a well has grown substantially over the years. This volume might leave scientists and engineers wondering what data they have acquired unless they have a photographic memory: the number of well-log curves and parameters exceeds 50,000 and grows by approximately 1,000 curves yearly.

A real-time delivery mechanism improves the acquisition, processing and interpretation workflows by supplying log-curve descriptions and other information via the Web.

[Read More] 252 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


DOGGR: Drilling Through Time
Last updated by admin on 03/24/2007 11:37 PM (Read: 34745 times)

Before Europeans discovered California, Native Americans had discovered uses for petroleum. Asphaltum from oil seeps helped keep arrowheads on their shafts and made baskets watertight.

The Division of Oil, Gas, and Geothermal Resources -- originally known as the Department of Petroleum and Gas -- never regulated the making of arrows or baskets. Its work began in 1915, at a time when the oil and gas industry was a booming free-for-all in need of a referee. Through the 20th Century and into today, DOGGR has helped the oil, gas and geothermal (a relative newcomer) industries maintain productivity while becoming more efficient, diversified and environmentally conscious.

[Read More] 1117 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


Fullbore Formation MicroImager
Last updated by Schlumberger on 09/30/2006 01:57 PM (Read: 34752 times)

Borehole geology, geomechanics and 3D reservoir modeling

Determine net pay
The FMI Fullbore Formation MicroImager gives you microresistivity formation images in water-base mud. This is the preferred approach for determining net pay in laminated sediments of fluvial and turbidite depositional environments.

Visualize sedimentary features
These features define important reservoir geometries and petrophysical reservoir parameters. The interpretation of image-derived sedimentary dip data lets you understand sedimentary structures.

Interpret seismic sections
Well-to-well correlation is difficult in deviated wells with sections of steep and varying structural dip. Greatly improve structural interpretation of seismic sections with high-quality bedding dips to compute accurate logs of true stratigraphic thickness.

Get more data
Geological information from FMI borehole images helps with stochastic modeling of the sand-shale distribution. FMI images define channel heights superbly in amalgamated units. Other variables, such as the channel width and channel sinuosity, can be estimated using geological analogs, based on detailed sedimentological analysis of FMI image data.

Improve well construction plans
Borehole images improve your mechanical earth models which, in turn, help you optimize well plans. Better understanding of borehole stability can save you millions of dollars during field development.

[Read More] 418 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


Better Turns for Rotary Steerable Drilling
Last updated by lai_wmn on 08/20/2006 02:03 PM (Read: 33479 times)

Farther, faster, cheaper, safer. These words describe the drilling results of the newest rotary steerable systems. Substantial advances in the reliability and steerability of rotary steerable drilling systems allow engineers to plan and drill complicated well trajectories in extremely demanding environments. Better still, oil and gas companies save rig time while doing so.

[Read More] 264 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


WHY INVEST IN OIL AND GAS NOW?
Last updated by admin on 08/16/2006 08:35 AM (Read: 42128 times)

[Read More] 579 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


Stratigraphic Column
Last updated by admin on 07/27/2006 08:59 AM (Read: 36274 times)

A stratigraphic column is a drawing done by a geologist that describes what rocks in a cliff wall or underground look like. This allows other geologists, who have never seen these rocks in person, to understand the geology of that area, and perhaps even decide whether or not there is the potential for oil or natural gas to exist in these rocks.

[Read More] 268 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


DOE-backed Consortium Delivers 6 New 'Stripper Well' Te
Last updated by admin on 06/27/2006 03:04 PM (Read: 33891 times)

Joint ventures in technology development by government and industry delivered six new deployment-ready applications in four years to extend the useful life of more than 650,000 stripper wells that deliver almost 15% of America's domestic oil production and almost 8% of natural gas production, according to the U.S. Department of Energy (DOE).

[Read More] 978 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail


What is the Role of Technology in Oil & Gas Production?
Last updated by admin on 06/22/2006 07:37 AM (Read: 38540 times)

When many people think of the oil and natural gas industry, they think of an old, dirty, staid industry using technology from decades ago. The images they see on television or in the movies show oil gushing madly out of wellbore or a mechanical drilling rig with three men in dirty clothes throwing a chain around drill pipe. Most people do not realize how out-dated these images are. Oil and gas is a very technology-oriented industry; many techniques developed by the industry are now used in other industries, including the space program. Technological innovations have made it possible for the oil and gas industry to supply the fuels that power the world economy.

[Read More] 1047 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail



Latest Oil & Gas News

Thursday, October 23, 2014

Latest Oil & Gas News

Three Azeri Workers Die In Offshore Platform Accident
Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea, SOCAR says.

Brent Up Almost 3%, Biggest Gain Since June, On Reported Saudi Cut
Brent crude oil jumps nearly 3%, its most in over four months, after an industry source says Saudi Arabia cut output in September following the summer's tumble in prices.



Friday, October 24, 2014

Latest Oil & Gas News

Ophir Energy Expands Offshore Gabon Footprint
Ophir Energy acquires two more blocks for exploration and production offshore Gabon.

China's Top Diplomat to Visit Vietnam Again Amid Sea Dispute
Chinese diplomat visits Vietnam over oil rig operating in part of the South China Sea that both countries claim.

Oilfield Discovered Onshore UK near London's Gatwick Airport
Several UK-focused oil explorers believe there at up to 20 million barrels of oil at a new field discovered near Gatwick Airport in southern England.






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