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The Offshore Technology Conference featured an abundance of offshore technology advances for the oil and natural gas industry at its 35th annual meeting in Houston, Texas. Technologies for exploring, developing, and producing oil and gas in global deepwater arenas were especially highlighted.

A wave of independent oil and gas companies has swept into Alaska's Cook Inlet region in recent years. Once rare even in this lower-cost of Alaska's two producing provinces--the North [...]

Multinational oil and gas companies are scrambling to find ways to cope with worsening and evolving new levels of threats to the security of their expatriate workers. Until recently, oil [...]

Oil and gas companies continue making strides in better managing both data and knowledge. Gains in managing and retaining institutional knowledge are evident amid a backdrop of some formidable challenges. [...]

Clarence Cazalot, chief executive officer of Marathon Oil Corp., warned that the US is running the risk of losing the struggle for energy security. He believes energy security can be attained by energy conservation, diversifying supply, and investing in improved energy technologies to ensure environmental sustainability.

The use of nuclear heat to produce and refine liquid fuels in the United States is seen to reduce dependence on foreign oil and minimize greenhouse gas emissions. The technology can refine hydrocarbon feedstocks to produce gasoline, diesel and jet fuel. It is also seen as more cost-effective than conventional heating.

Economic and geopolitical issues will continue to affect the US energy supply, according to speakers at the RMI Oilfield Breakfast Forum in Houston, Texas. These challenges include the control on national oil companies over oil reserves and continued price volatility.

Decision of the OAO Gazprom to develop Shtokman natural gas field without taking up any partnership is discussed. The Gazprom's plan for a piped supply of the gas to Europe is detailed.

Asian and European oil companies have won more number of bids in second round of Libya's National Oil Corp's ESPA IV (exploration and production sharing agreement) program, complete details of the bids and the winners are presented.

The factors that resulted in increase of the aggregate fully loaded finding and development (F&D) cost for a study group of 12 major integrated international oil companies and 60 US independent companies for the year 2004 are analyzed.

The reasons behind the technology crisis occuring in the energy industry, broght into light during the Offshore Technology Conference are analyzed.

Details of the acquisition deal between ChevronTexco Corp. and Unocal Corp. with a transaction valued at $18 billion in stock and cash including net debt are presented.

The United States have sanctioned 15 exploration permits to National Oil Corp. of Libya. The details of the contracts are presented.

The challenges faced by the industry because of an increased demand for oil and gas and details about capital spending by companies to meet this demand are presented. The problems faced by companies around issues like the expiration of leases and uncertainty about an up cycle in oil prices are discussed.

Far East Energy Corp. is exploring the South China Yunnan coal bed methane reserves to drill 80-100 shallow wells in the next two years. It will build the plants, the pipelines and prove for gas in partnership with China United Coal Bed Methane Co., the sole authority for coal-bed methane. As China enters the WTO next year, the potential for foreign investments and capital is bright.

At the Houston forum, it was felt that oil and gas prices and profits would remain high for several years.

Industry leaders need to talk about what their companies are doing in order to restore faith in stocks and corporations.

At a recent conference at Cambridge Energy Research Associates, the chairmen of ConocoPhillips and ExxonMobil Corp. discussed the oil and gas industry, including investor confidence of the industry due to recent questionable management within the industry.

There once was an engineer who wanted a pond dug on his property but didn't have equipment to dig it nor the money to hire a contractor. He analyzed the [...]

The upsurge in natural gas prices that started last year has accelerated interest in delivering Alaskan North Slope gas to the Lower 48 (OGJ, Aug. 6,2001, p. 20). Current feasibility [...]

It is said the ancient Chinese had a curse: 'May you live in interesting times.' Few would deny that we are living in interesting times today. Negative people might emphasize [...]

A grain of sand. Not very significant, you say? Well, put it inside downhole pumping equipment or any other precision instrument--or in your eye--and its importance increases dramatically. As Einstein [...]

At an Organization of Petroleum Exporting Countries summit meeting outside Algiers in March 1975, the conference host, Algerian Pres. Houari Boumedienne, proclaimed that oil was not merely a fuel, but [...]

Back in the days when carriages were all pulled by horses or other livestock, very few of the wagon and carriage-makers of the time expected their coach and carriage industry [...]

Russian oil executives believe that the Russian Federation's oil industry is currently facing a 'perfect storm' of difficulties, which include low oil prices, high taxes and tariffs, and the global financial crisis. Reports show that Russian tax reform is high on the list of priorities leading back to the growth of oil companies.

The oil and gas industry has various opportunities under the incoming administration of US President-elect Barack Obama. He is no longer keen on implementing a windfall profits tax on the industry and may permit drilling in various locations in the US. Energy consumption will drop in developed countries but will keep growing in developing nations.