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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 ......

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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.

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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

Wednesday, September 1, 2010

Industry Headlines

Musings: The Gas Bulls of Summer Turn into Bears
The reality is that these bulls of summer were really merely acknowledging the power of the market.

BP to Give Spill Response Evaluation
BP will submit Wednesday a report evaluating lessons learned in its response to the Gulf of Mexico oil spill to the BOEMRE, a company spokesman said.



Tuesday, August 31, 2010

Industry Headlines

Bahamas Bans Offshore Drilling
The Ministry of The Environment has suspended consideration of all applications for oil exploration and drilling off its shores.

Analysis: Gas Prices Immune to Hurricane Disruptions Post-Katrina, Rita
US onshore shale gas means that gas prices will not likely be affected by a loss of gas production from the GOM due to a hurricane.

Today's Trends: Permitting in The GOM
We are starting to see permitting behavior by operators change in reaction to the newly implemented rules governing drilling offshore.

Commodity Corner: Crude Drops with Shaky Economy
With a hurricane-free Gulf of Mexico and shaky economic recovery, natural gas futures for October delivery remained almost unchanged Tuesday.



Monday, August 30, 2010

Industry Headlines

Weather Stalls Replacing Macondo Well BOP
BP and U.S. officials said that efforts to remove a sealing cap and replace the BOP at the well that unleashed the Deepwater Horizon oil spill are on hold due to inclement weather in the GOM.

Commodity Corner: East Coast Heat, Atlantic Storms Boost Gas
Above-normal temperatures in the Eastern U.S. and increasing storm activity in the Atlantic gave natural gas futures a boost Monday.



Friday, August 27, 2010

Industry Headlines

BP Plans to Replace BOP Next Tuesday or Wednesday
BP plans to move ahead with the replacing the blowout preventer that sits atop the well that unleashed the Deepwater Horizon oil spill, despite failing in attempts to remove pieces of drill pipe stuck inside the device.

Commodity Corner: Oil Surges Ahead for the Week
Equities markets rallied Friday after Federal Reserve Chairman Ben Bernanke offered assurances that the U.S. central bank would take aggressive steps if necessary to counteract deflation.






Announcements

well log digitizing, well log digitization

Posted by: admin on 12/23/2009 03:28 PM
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~$59/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.
contact: www.logdigi.com

well log digitization, well log digitizing

Posted by: anonymous on 11/14/2009 11:00 AM (Read: 6671)
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~$59/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

State Level Efforts to Drive Indian Solar Energy Market

Posted by: anonymous on 11/14/2009 10:47 AM (Read: 6904)
State level initiatives are expected to speed up the development of solar energy market in India, pushing the country as a leading solar energy player, says RNCOS.
Read More

Innovative Seawater Desalination Vessel offers valuable benefits to the offshore oil and gas industry

Posted by: anonymous on 08/12/2009 12:31 AM (Read: 7824)
An innovative Seawater Desalination Vessel (SDV), being developed by Water Standard and designed by Babcock’s Marine Division, has valuable potential applications in the offshore oil and gas industry, in addition to providing a novel solution to increased worldwide freshwater demands.
Read More

SMX expands international sales reach with UK distributor appointment

Posted by: anonymous on 08/12/2009 12:31 AM (Read: 8557)
SMX International, the global pipe connection and flow control products company, has appointed L&N Scotland to handle sales of its range of products to oil and gas sector assets and projects based in, or managed from, the Aberdeen area. The move is part of SMX’s expanding international sales presence.
Read More

Well log digitization

Posted by: admin on 05/29/2009 10:54 AM (Read: 8351)
LOGDIGI guarantees the lowest price and highest quality well log digitization, well log scanning, map digitzation services. If you find any companies' price lower than ours, we can match or lower than their price. LOGDIGI guarantees not resell clients' data to the third party.
www.logdigi.com
Read More

Bespoke solution for Qatar offshore platform

Posted by: anonymous on 05/29/2009 10:54 AM (Read: 8331)
Work on the third and final phase of a project to replace the upper sections of three risers and emergency shutdown (ESD) valves on an offshore platform off Qatar has recently been completed by Furmanite Middle East, the specialist engineering and technical services company, who developed and applied purpose-engineered solution to meet the requirements.
Read More

Knowledge Reservoir Ownership Returns to Original Founders

Posted by: anonymous on 05/13/2009 08:24 PM (Read: 8433)
HOUSTON, Texas, May 11, 2009 --- Knowledge Reservoir, a leading global geosciences and engineering consulting services company, today announced the completion of a Management Buy Out of the remaining shareholding held in the company by Ziebel AS.
Read More

Furmanite wins ‘Most Significant Contribution to Subsea Pipeline Technology’ award

Posted by: anonymous on 05/13/2009 08:24 PM (Read: 9455)
Furmanite, the specialist engineering and technical services company, has won a prestigious Pipeline Industries Guild award for the ‘Most Significant Contribution to Subsea Pipeline Technology’, amid stiff competition, with its ultra high pressure subsea pipeline repair clamp design.
Read More

Leak Sealing Precautions for North Sea Pipeline

Posted by: anonymous on 03/29/2009 09:37 PM (Read: 8782)
Furmanite, the specialist engineering and technical services company, has designed, built and delivered a high pressure subsea self-sealing repair clamp as a contingency measure for the BP operated Everest to Forties condensate pipeline in the North Sea. The clamp will provide a fast and efficient means of repairing a leak without requiring shutdown, should the need arise.
Read More

New check valve significantly reduces operating costs

Posted by: anonymous on 03/29/2009 09:37 PM (Read: 8854)
A next-generation Non-Slam Nozzle Check Valve has been developed by global pipe connection and flow control products company SMX International, providing a faster dynamic performance than previously thought possible, and the lowest pressure loss of any valve currently on the market – significant performance advantages that result in substantial through-life cost saving benefits. The new valve is now available.
Read More

SMX International makes UK appointment

Posted by: anonymous on 02/04/2009 10:09 AM (Read: 8516)
SMX International, the global pipe connector and flow control products company, has appointed Bernie Newmarch as UK representative.
Read More

Hexion’s Oilfield Technology Group Opens New Production Plant for ValuBond Proppant

Posted by: anonymous on 02/03/2009 01:40 PM (Read: 10269)
The Oilfield Technology Group (OTG) of Hexion Specialty Chemicals today announced the opening of a new production plant for its line of ValuBond resin coated proppants in the Oklahoma City area.
Read More

Well log digitization

Posted by: anonymous on 01/05/2009 08:13 PM (Read: 10402)
LOGDIGI guarantees the lowest price and highest quality well log digitization, well log scanning, map digitzation services. If you find any companies' price lower than ours, we can match or lower than their price. LOGDIGI guarantees not resell clients' data to the third party.
www.logdigi.com
Read More

Well log digitizing

Posted by: anonymous on 01/05/2009 08:13 PM (Read: 8847)
Well Log Digitizing, Well Log Digitization, Well Logging Digitizing Services
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Shell Highest Bidder in MMS Beaufort Sea Oil, Gas Lease Sale

Posted by: anonymous on 04/20/2007 07:14 AM (Read: 9425)
by Ian Talley
Thu, Apr 19, 2007 10:50 GMT

WASHINGTON - Royal Dutch Shell PLC (RDSA) was the highest bidder and winner of the most oil and gas exploration blocks in the the U.S. Minerals Management Service Beaufort Sea lease sale, according to details posted by the MMS Wednesday.
Read More

Independent Petroleum Association of America Hosts Largest Oil and Gas Investment Symposium

Posted by: admin on 04/17/2007 01:37 PM (Read: 9546)
WASHINGTON, April 16 /PRNewswire/ -- The Independent Petroleum
Association of America (IPAA) announces the upcoming annual Oil & Gas
Investment Symposium (OGIS), April 23 - 25, 2007, at the Sheraton New York Hotel and Towers in New York City. With 100 presenting companies, attendees will have the opportunity to interact with domestic oil and natural gas executives, Wall Street analysts, money managers and capital providers from around the globe.
Read More

Big companies get their way on interpretation of fuel rule

Posted by: anonymous on 04/17/2007 01:00 PM (Read: 8915)
By DAVID IVANOVICH
Copyright 2007 Houston Chronicle Washington Bureau

WASHINGTON, Millions of American taxpayers may feel a bit grumpy today after cutting checks to the Internal Revenue Service.

But ConocoPhillips and Tyson Foods have reason to be more kindly disposed to the tax man this April.

Read More

Big companies get their way on interpretation of fuel rule

Posted by: anonymous on 04/17/2007 09:21 AM (Read: 9229)
By DAVID IVANOVICH
Copyright 2007 Houston Chronicle Washington Bureau

WASHINGTON, Millions of American taxpayers may feel a bit grumpy today after cutting checks to the Internal Revenue Service.

But ConocoPhillips and Tyson Foods have reason to be more kindly disposed to the tax man this April.

Read More

US Appoves Gas Drilling in Colorado's HD Mountains

Posted by: anonymous on 04/06/2007 07:11 AM (Read: 9338)
Thu, Apr 5, 2007 15:34 GMT
NEW YORK - The U.S. Bureau of Land Management and U.S. Forest Service on Wednesday issued a decision that could allow as many as 124 new gas well pads in the northern San Juan Basin in southwestern Colorado, The Durango (Colo.) Herald reported in its Thursday edition.
Read More

Also on this Site...

Realtimenews@AAPG: Innovative Techniques Minimize Inter
Last updated by admin on 11/09/2007 12:00 AM (Read: 31213 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: 28509 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: 26309 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


A New Approach to Drilling Directional Wells with Coile
Last updated by admin on 03/21/2007 08:05 AM (Read: 27793 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] 495 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: 27191 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: 24977 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: 33303 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: 25548 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: 25956 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: 28719 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, September 2, 2010   (Today)

Latest Oil & Gas News

Lion Energy Amends Farmout Agreement with Africa Oil
Lion Energy has come to an agreement with Africa Oil regarding certain amendments to the existing farmout agreement on all its east Africa assets.

Valeura to Farm-In to Turkish Licenses
Valeura will farm-in to one production lease containing the Kahta heavy oil field and eight exploration licenses operated by AME-GYP and located in southeastern Turkey within the Zagros fold belt.

OGX IDs Additional Gas Shows in Parnaiba Basin
OGX has identified additional evidence of gas in the Devonian section of well 1-OGX-16-MA, in the onshore basin of Parnaiba.

Oil Search Reaches TD at Yemen Well
AWE reported that at 06:00 Yemen time (-7 hrs AEST) on September 1, the Jebel Al Milh-1 well was at a total depth (TD) of 4,227 meters and was preparing to run logs.

ASCO Secures Logistics Contracts with BP, Talisman
ASCO Group's Norway operation, has been awarded contracts to supply integrated logistics services to Oil majors BP and Talisman Energy.






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