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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

Wednesday, October 7, 2015

Industry Headlines

Oilfield Cannibals: To Save Cash, US Drillers Strip Idle Rigs
In a bid to save cash, rig owners are cannibalizing parts such as motors and drill pipe from idled rigs to fix 800 active ones in the US when stuff breaks.

Tuesday, October 6, 2015

Industry Headlines

Saudi Aramco Said to Hire Deutsche Bank for CNPC Deal Talks
Saudi Aramco hires Deutsche Bank to advise on the potential acquisition of some marketing, retail and refining assets from CNPC, according to people with knowledge of the matter.

Russia, Saudi Energy Ministers Discussed Oil Demand, Production, Shale
Russia and Saudi Arabia agree to continue consultations, exchanging views on demand, production and shale oil, Russian Energy Minister Alexander Novak tells reporters.

OPEC Sec-Gen Sees Oil Market Improving, Low Price Will Not Persist
OPEC sees the oil market improving because of higher demand for the group's crude and a drop in supply growth from non-members, its secretary-general says.

PETRONAS' First Female Drilling Supervisor Settles in Trailblazing Role
Penny Chan is proof that female employees in Malaysia's PETRONAS can take on challenging roles in a male-dominated offshore oil and gas sector when the opportunity arises.

US EIA Sees Tighter 2016 Oil Market As Demand Accelerates
Global oil demand will grow by the most in 6 years in 2016 while non-OPEC supply stalls, according to a monthly US energy report that suggests a surplus of crude is easing more quickly than expected.

US Oil Production On Brink Of 'Dramatic' Decline, Exec Says
Oil executives warn of a "dramatic" decline in US production that could pave the way for a future spike in prices if fuel demand increases.

Oil Jumps $2, Breaking Range As Supply Seen Ebbing
Oil prices jump more than $2 a barrel, breaking out of a month-long trading range.

Monday, October 5, 2015

Industry Headlines

Crude Up Over 2% As Gasoline Jumps, Russia Mulls Oil Talks
Crude oil prices settle up more than 2%, bolstered by a rally in US gasoline and Russia's willingness to meet other major oil producers to discuss the market.

Moody's: Alaska To Be Hit By Shell's Decision To Halt Oil Exploration
Shell's decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state's already struggling economy, according to Moody's.


well log digitization, well log digitizing

Posted by: anonymous on 11/14/2009 11:00 AM (Read: 10733)
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.
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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: 36471 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: 41401 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: 38174 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: 35455 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: 35712 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: 34219 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: 42876 times)

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Stratigraphic Column
Last updated by admin on 07/27/2006 08:59 AM (Read: 37017 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: 34735 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: 40762 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.

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Latest Oil & Gas News

Thursday, October 8, 2015   (Today)

Latest Oil & Gas News

Mosman Proceeds with Acquisition of South Taranaki Energy Project in NZ
Mosman Oil and Gas proceeds with the formal acquisition of the South Taranaki Energy Project in New Zealand from Origin Energy.

BSO Gets Approval to Suspend Work Pogram for Vic/P68 Permit off Australia
Bass Strait Oil Company receives approval from the National Offshore Petroleum Titles Authority to suspend the work program for Vic/P68 permit in the Gippsland Basin, offshore Australia for a year.

Resource Estimates Point to Significant Find at Lofin Field in Indonesia
Lion Energy says the contingent resource estimates confirm a significant gas/condensate find in the Seram Non-Bula Production Sharing Contract in eastern Indonesia.

AWE's CEO Bruce Clement to Step Down in 2016, Firm Searching for Successor
Bruce Clement will step down as CEO of Australia's AWE in 2016 and the firm has commenced the search for his successor.

NuEnergy Updates on Drilling at Tanjung Enim, Rengat PSCs in Sumatra
Australia's NuEnergy Gas provides an update on drilling progress at the Tanjung Enim and the Rengat Production Sharing Contracts in Sumatra, Indonesia.

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