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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 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

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

Monday, November 23, 2015

Industry Headlines

Oil Deal of the Year: Mexico Set for $6B Hedging Windfall
Mexico is set to get a record payout of at least $6 billion from its oil hedges this year, according to data compiled by Bloomberg.

Venezuela Sees Crude in Mid-$20s If OPEC Doesn't Take Action
Oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market, Venezuelan Oil Minister Eulogio Del Pino said.

Statoil CEO: Oil, Gas Will Remain 'Critically Important' Through to 2040
Statoil CEO Eldar Saetre says oil and gas will remain "critical important" energy resources through to 2040 in Oslo speech.

Evercore: Super Majors Ripe for Consolidation and Other Restructuring
Among the major themes of upcoming cycle will be the recovery of US land drilling, offshore restructuring and more risk to service industries, Evercore analysts say.

Friday, November 20, 2015

Industry Headlines

Suncor and Canadian Oil Sands CEOs Both Say They’ve Won
The CEOs of Suncor Energy and Canadian Oil Sands both say they’ve got votes on their side as the nation's top crude producer promotes a hostile takeover bid for its smaller rival.

US Oil Drillers Cut Rigs For 11th Week In The Last 12
US energy firms cut oil rigs for an 11th week in the last 12, a sign drillers were still waiting for higher prices before returning to the well pad.

Investors Bet on Rebound as Holdings in Oil ETF Jump to Record
Investors are piling into the United States Oil Fund on speculation prices may have bottomed near $40 a barrel.

Petrobras Extends Rally On Capital Plan
Petrobras leads LatAm credit markets higher following news that the Brazilian government considers plan to inject fresh capital into the beleaguered oil company.

Africa Oil Boom Fades as $50 Crude Shuts Door on High-Cost Deals
Oil below $50 has made more than two out of three investment projects in Africa non-viable.

Brent Up 1% On Short-Covering, US Crude Just Above $40
Brent oil settles 1% higher on pre-weekend short-covering, while US crude settles lower and just above $40-per-barrel.


well log digitization, well log digitizing

Posted by: anonymous on 11/14/2009 11:00 AM (Read: 10769)
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 for up-to-date convention details along with on-line registration.

This event repeats daily until 09/27/2006

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: 36551 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: 41485 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: 38267 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: 35517 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: 35813 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: 34312 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

Last updated by admin on 08/16/2006 08:35 AM (Read: 42947 times)

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Stratigraphic Column
Last updated by admin on 07/27/2006 08:59 AM (Read: 37093 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: 34831 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: 41031 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

Tuesday, November 24, 2015   (Today)

Latest Oil & Gas News

Monadelphous Clinches $144M Contract for Shell's Prelude FLNG Project
Monadelphous clinches a $143.9 million maintenance and modifications services contract for Shell's Prelude floating liquefied natural gas project offshore Western Australia.

UMW Naga 8 Secures Contract from SapuraKencana to Drill Offshore Malaysia
UMW Oil & Gas assigns UMW Naga 8 jackup for a drilling contract with SapuraKencanca Petroleum offshore Malaysia.

Benthic Bags Contracts for Woodside's Browse FLNG, Greater Enfield Projects
Benthic bags two contracts from Woodside to undertake offshore geotechnical site investigations for the Browse floating liquefied natural gas development and the Greater Enfield development offshore Western Australia.

Senex Prepares to Spud Baikal #1 Well in PEL 444 in Cooper Basin
Senex Energy prepares to spud Baikal #1 well in PEL 444 in Cooper Basin, South Australia in early December.

OPEC Seen Holding the Line as $40 Oil Looms Over Vienna Meeting
It'll take more than $40 crude to make OPEC change its mind, analysts said before the group's Dec. 4 meeting in Vienna.

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