The Oil and Gas Journal articles from April 1994, page 2

The Oil and Gas Journal archives from April 1994

Amid the recent decline in oil prices, Persian Gulf producers seek to ensure that importing governments don't step into the breach with a flurry of taxes. (Brief Article)
April 18, 1994... Amid the recent decline in oil prices, Persian Gulf producers seek to ensure that importing governments don't step into the breach with a flurry of taxes, notably a carbon tax to curb greenhouse gas emissions. Sheikh Hamad ibn Jassim...

Iran plans to spend $1.9 billion to build a worldscale olefins complex at Isfahan in central Iran. (Brief Article)
April 18, 1994... Iran plans to spend $1.9 billion to build a worldscale olefins complex at Isfahan in Central Iran. Construction of the country's fifth olefins complex will be financed through buyback of products. Capacity is pegged at 120,000 tons/year....

Iraq wants Russia to resume development of giant West Qurna oil field. (Brief Article)
April 18, 1994... Iraq wants Russia to resume development of giant West Qurna oil field. An Iraqi delegation led by an adviser to Saddam Hussein earlier this month met with several Russian ministries and departments, with a view to starting work anew when U.N....

Add Russian and Pakistani oil firms to the privatization target list. (Lukoil, Oil and Gas Development Corp.) (Brief Article)
April 18, 1994... Add Russian and Pakistani oil firms to the privatization target list. I, ukoil, Russia's biggest state oil company, proposes the state share its interests in the company with Russian citizens. Lukoil wants Russia to make a public...

A group of western companies planning to take a 49% stake in the Kralupy and Litvinov refineries in the Czech Republic is puzzled over delays in government approval of the scheme. (Brief Article)
April 18, 1994... A group of western companies planning to take a 49% stake in the Kralupy and Litvinov refineries in the Czech Republic is puzzled over delays in government approval for the scheme. Royal Dutch/Shell and a combine of Agip, Conoco, and...

Phillips continues its drilling footage record spree in the soft sand of U.K. North Sea Judy field.
April 18, 1994... Phillips continues its drilling footage record spree in the soft sand of U.K. North Sea Judy field. Santa Fe Drilling Co. (North Sea) Ltd. claims a world record of 7,255 ft in 24 hr using the Galaxy I heavy duty jack up. The record was...

Total may have a world class gas field off Tierra del Fuego.
April 18, 1994... Total may have a world class gas field off Tierra del Fuego. It gauged flow rates of 17 MMcfd of gas and 265 b/d of oil in 3 Carina and and 16.5 MMcfd in 4 Carina off the Argentine island territory. The earlier 1 Carina and 2 Carina wells...

Cambodia has its second hydrocarbon find.
April 18, 1994... Cambodia has its second hydrocarbon find. Enterprise and partners drilled an oil and gas discovery in March and disclosed it in mid-April, saying it is too early to tell if it is a major strike. Cambodian officials indicate the crude...

Taiwan's Formosa Plastics Group is studying a plan to spend more than $450 million to build a fleet of crude oil tankers. (Brief Article)
April 18, 1994... Taiwan's Formosa Plastics Group is studying a plan to spend more than $450 million to build a fleet of crude oil tankers. FPG plans to order six to eight 209,000 dwt vessels to supply crude to the 300,000 b/d refinery to be built at FPG's...

Shell Australia plans to cut annual refining and marketing operating costs by $100 million (Australian) by yearend 1995. (Brief Article)
April 18, 1994... Shell Australia plans to cut annual refining and marketing operating costs by $100 million (Australian) by yearend 1995. This will involve 300 job losses in 1994 after 200 layoffs last year. "We have invested nearly $1.5 billion in refining...

Another oil field has started up on Alaska's North Slope. (Brief Article)
April 18, 1994... Another oil field has started up on Alaska's North Slope. After years of permit delays that saw the project transformed from an offshore development with gravel island and causeway, BP started up Niakuk field Apr. 12 as a slant drilled...

U.S. offshore operators got a boost last week when the Clinton administration offered its support for a deepwater royalty relief bill pending in Congress. (Brief Article)
April 18, 1994... U.S. offshore operators got a boost last week when the Clinton administration offered its support for a deepwater royalty relief bill pending in Congress. It would give Gulf of Mexico producers a royalty holiday for new production in 200 m or...

Four Corners Pipeline will keep part of its Line 1 crude oil pipeline shut down indefinitely because of damage from the Jan. 17 earthquake in Northridge, Calif. (Brief Article)
April 18, 1994... Four Corners Pipe Line will keep part of its Line 1 crude oil pipeline shut down indefinitely because of damage from the Jan. 17 earthquake in Northridge, Calif. Line 1, a 10 in., 130 mile common carrier pipeline that moves about 50,000 b/d...

Commodity exchanges eye world market. (Column)
April 18, 1994... More than 15 years have passed since the New York Mercantile Exchange (Nymex) introduced the world's first successful energy futures contract. Another 15 years isn't likely to elapse before international energy traders forge a seamless,...

Public has interest in oil, gas activity. (Editorial)
April 18, 1994... Outer Continental Shelf Sale 147 of late March must not slide by as some fluky blockbuster. In a period of flux in energy policy, the sale offers important lessons. Sale 147, for example, should put an end to worries that the Minerals...

Petroleum scene heating in fledgling crude exporter Papua New Guinea.
April 18, 1994... Papua New Guinea's petroleum scene is heating again soon after it joined the world's ranks of crude oil exporters. Operators, paced by a feisty independent based in Port Moresby, have drilled a string of discoveries near the...

GAO sees no big U.S. oil source in Kazakhstan. (General Accounting Office)
April 18, 1994... The U.S. General Accounting Office reports Kazakhstan production is not likely to become a major source of oil for the U.S. but could add to downward pressure on world oil prices in a tight market. Figures quoted by GAO, the congressional...

Gas encroachment cuts SPR drawdown rate. (Strategic Petroleum Reserve) (Brief Article)
April 18, 1994... Gas encroachment has halved the drawdown rate for the U.S. Strategic Petroleum Reserve. DOE discovered last year it would have to pump 200 million bbl of oil from the 577.3 million bbl SPR and degasify it (OGJ, May 3, 1993, p. 130). But...

Foothills to confirm cause of line break. (Foothills Pipe Lines Ltd.) (Brief Article)
April 18, 1994... Foothills Pipe Lines Ltd., Calgary, was scheduled last week to reduce pressure in its gas pipeline system to excavate pipe at the site of line rupture in Saskatchewan. The aim is to check for further evidence of the cause of the rupture,...

U.S. refiners to see rising tide of Mideast oil. (Bonner and Moore Associates Inc. survey)
April 18, 1994... Middle East crude will become increasingly important in U.S. refiners' feedstock mix through the 1990s, a study of world oil markets through 2005 predicts. With U.S. oil consumption rising about 1.3%/year during the rest of the decade,...

U.S. residential gas use grows. (American Gas Association survey) (Brief Article)
April 18, 1994... The American Gas Association reports U.S. residential consumption of gas increased 6% in 1993 to an estimated 5.1 quadrillion BTUs (quads), matching the record set in 1992. Michael Baly, AGA president, said continued strong growth for gas...

U.K. drillers seek to reduce risk. (Column)
April 18, 1994... A little more than 1 year ago the U.K. Chancellor of the Exchequer removed tax relief on exploration and appraisal (E&A) drilling. This earned him the nickname "Driller Killer" among some U.K. operators (OGJ, Apr. 5, 1993, p. 34). ...

Deutsche Shell outlines plans for 1994 spending. (Brief Article)
April 18, 1994... Deutsche Shell AG plans to invest about 5 billion deutschemarks ($2.92 billion) in its German petroleum, petrochemicals, and natural gas segments during the next 5 years. Peter Duncan, Deutsche Shell chairman, said his company also plans...

Oil development program planned in Russian basin. (Timan Pechora basin) (Brief Article)
April 18, 1994... A U.S.-Norwegian combine last week disclosed plans for an exploration and development campaign in the Timan Pechora basin of Russia. Partners Texaco Inc., Exxon Corp., Amoco Corp., and Norway's Norsk Hydro AS formed Timan Pechora Co. LLC...

First safety case approval tops North Sea action. (includes related article on UK Health and Safety Commission offshore installation safety rules)
April 18, 1994... Hamilton Oil Co. Ltd. has won a Health & Safety Executive approval for North Ravenspurn gas field installations in the southern North Sea. Hamilton is the first company to win safety case approval for a platform under recent U.K....

Petrobras unveils four big Campos finds. (Petroleo Brasileiro SA) (Brief Article)
April 18, 1994... Petroleo Brasileiro SA has discovered four more offshore Campos basin fields that are expected to boost Brazil's crude oil reserves by more than 1 billion bbl. Three of the discoveries are in water deeper than 3,000 ft. If a fast...

U.S. DOE, others agree to settle syngas dispute. (Department of Energy, synthetic gas) (Brief Article)
April 18, 1994... The U.S. Department of Energy, four pipelines, and a synthetic gas producer have resolved a dispute over the lines' obligations to buy gas from the Great Plains coal gasification plant. DOE supported construction and initial operation of...

Offshore issues. (National Ocean Industries Association meeting) (Column)
April 18, 1994... The Clinton administration is showing no signs that it is ready to help the U.S. oil industry. Two key energy officials, Deputy Energy Sec. Bill White and Minerals Management Service Director Tom Fry, spoke at a recent National Ocean...

Iran. (pipeline agreement with Turkmenistan) (Brief Article)
April 18, 1994... Iran and Turkmenistan agreed on the route of a pipeline to move Turkmen gas to Europe and Turkey via Iran. The line will cross Iran south of the Elburz Mountains via Shahrud, Serenan, Tehran, and Tabriz. It will move as much as 420 bcf/year...

Texas Eastern Transmission Corp. (gas deliveries) (Brief Article)
April 18, 1994... Texas Eastern Transmission Corp. resumed gas deliveries Apr. 13 through Edison, N.J. Part of a 45 mile section of the company's 36 in. gas line that links Lambertville and Linden, N.J., through Edison was out of service for repair and testing...

Marathon Oil Co. (contract let to Global Pipelines PLUS Inc.) (Brief Article)
April 18, 1994... Marathon Oil Co. let contract to Global Pipelines PLUS Inc., a unit of Global Industries Ltd., Lafayette, La., to install pipelines included in Marathon's Lobster development project in 775 ft of water on Ewing Bank Block 873 in the Gulf of...

Maersk Olie og Gas AS. (contract with Allseas Marine Contractors SA) (Brief Article)
April 18, 1994... Maersk Olie og Gas AS hired Switzerland's Allseas Marine Contractors SA to lay two 24 in. pipelines for the Tyra oil field development project in the Danish North Sea. Trenching and installation are to start in August in water 40 m deep 200...

Tokyo Gas Engineering Co. (contract let to NKK Corp.) (Brief Article)
April 18, 1994... Tokyo Gas Engineering Co. let contract to NKK Corp. to build a 35,000 cum underground liquefied natural gas storage tank at Saibu Gas Co. Ltd. 's Fukuoka, Japan, terminal. It's expected to be placed in operation in April 1995. The tank will...

Cleanup. (San Juan, Puerto Rico oil spill) (Brief Article)
April 18, 1994... Cleanup of the Jan. 7 oil spill off San Juan, P.R., (OGJ, Jan. 17, p. 28) is expected to cost the U.S. government $65 million, or two thirds of the combined oil spill fund set aside by Congress for such disasters, the U.S. Coast Guard...

Chernogorskoye joint venture. (Anderman/Smith Overseas Inc., Chernogorneft) (Brief Article)
April 18, 1994... Chernogorskoye Joint Venture, Nizhnevartovsk, Russia, a combine of Anderman/Smith Overseas Inc., Denver, and Russian production association Chernogorheft, Nizhnevartovsk, late in second quarter expects to begin producing 5,000 b/d of...

Bridge Oil (U.S.A.) Inc. (acquires assets from Santa Fe Energy Resources Inc.) (Brief Article)
April 18, 1994... Bridge Oil (U.S.A.) Inc., a unit of Australia's Bridge Oil Ltd., paid $48 million for most of Santa Fe Energy Resources Inc.'s assets in the Anadarko basin of Oklahoma and Texas as well as its interests in the Rocky Mountains. The purchase...

Phillips Petroleum Co.'s. (Sunfish appraisal well) (Brief Article)
April 18, 1994... Phillips Petroleum Co.'s 3 Sunfish appraisal well in Alaska's North Cook Inlet flowed 412 b/d of oil and 155 b/d of water on drillstem test of Sunfish sand at 13,594-706 ft. A second test recovered a small volume of oil from a sand at...

Nabors Industries Inc. (acquires drilling rigs from Mitchell Energy and Development Corp.) (Brief Article)
April 18, 1994... Nabors Industries Inc., Houston, paid $9 million cash and 650,000 two year warrants to Mitchell Energy & Development Corp., The Woodlands, Tex., for 16 drilling rigs. Nine of them are diesel electric, and the rest are mechanical units...

Venezuela's. (Lagoven SA contract with Perforaciones Western CA) (Brief Article)
April 18, 1994... Venezuela's Petroleos de Venezuela SA unit Lagoven SA chose Pride Petroleum Services Inc. subsidiary Perforaciones Western CA to build and operate two cantilever drilling/workover rigs in Lake Maracaibo. Pride expects to build the rigs,...

Amoco Production Co. (Bravo Dome Carbon Dioxide Unit) (Brief Article)
April 18, 1994... Amoco Production Co. celebrated the 10th anniversary of C02 production from the Bravo Dome Carbon Dioxide Unit in Union and Harding counties, N.M. Production began Apr. 2, 1984. Present production of 370 MMcfd is used in 14 enhanced oil...

Elf Gabon. (production from Avocette oil field starts) (Brief Article)
April 18, 1994... Elf Gabon started production from Gabon's onshore Avocette oil field, producing a combined 15,000 b/d from two wells, one of which is horizontal. Two more horizontal wells are planned, designed to help increase combined field flow to 27,000...

Conoco Norway Inc. (contract let to Simrad Subsea AS) (Brief Article)
April 18, 1994... Conoco Norway Inc., Stavanger, let contract to Simrad Subsea AS, a unit of Simrad AS, Horten, Norway, for instrumentation on the subsea positioning system of Heldrun tension leg platform (TLP) offloading stations. Norwegian Contractors AS,...

Amerada Hess Ltd. (contract let to Bluewater Terminals S.A.) (Brief Article)
April 18, 1994... Amerada Hess Ltd. let a 4 year charter contract to Bluewater Terminals SA, Villars-sur-Glane, Switzerland, for a floating production system to develop U.K. North Sea Fife field. Start of production is expected in third quarter 1995.

Alberta Energy Ltd. (reserves) (Brief Article)
April 18, 1994... Albeta Energy Ltd., Calgary, first quarter drilling program added 100 bcf equivalent to its oil and gas reserves. The company drilled 59 exploration and development wells in Alberta and British Columbia. Its proved and probable reserves at...

New equation calculates thermal conductivities of C1-C4 gases.
April 18, 1994... In the design of heat exchangers, heat-transfer coefficients are commonly calculated for individual items. These calculations require knowledge of the thermal conductivities of the species involved. The calculation of the overall...

Lasmo North Sea plc. (Birch field development approved) (Brief Article)
April 18, 1994... Lasmo North Sea plc received U.K. Department of Trade & Industry approval to develop Birch field in North Sea Block 16/12a. Production is to begin in October 1995, with a peak rate of 23,000 b/d of oil and 60 MMcfd of gas. A pounds 140...

American International Petroleum Corp. (expenditure reductions) (Brief Article)
April 18, 1994... American International Petroleum Corp., New York, began a program designed to reduce operating expenses 25% from the 1993 level. Cuts include a 50% reduction in directors' fees, 20% salary cut for its chairman/CEO, and 15% salary cut for all...

MESA Inc. (helium contract with BOC Group Inc.) (Brief Article)
April 18, 1994... MESA Inc., Dallas, agreed to sell 250 MMcf/year of helium under long term contract to BOC Group Inc. unit Airco Gases, Murray Hill, N.J. Helium from Mesa's Southwest Kansas Hugoton gas field leases at first will be moved via pipeline to an...

Arakis Energy Corp. (acquires Conquest Exploration Oman Inc.) (Brief Article)
April 18, 1994... Arakis Energy Corp., Vancouver, B.C., acquired Conquest Exploration Oman Inc. from American Exploration Co., Houston, in return for assumption of Conquest's obligations in Oman. Arakis becomes operator of 346,000 acre Block 15 in Oman, where...

Lasmo plc. (rights issue) (Brief Article)
April 18, 1994... Lasmo plc, London, plans a pounds 219 million ($325 million) rights issue to U.S. shareholders Apr. 14-May 6. The money will help fund field development, exploration, and appraisal. Development spending will include the Liverpool Bay project...

Canadian Liquid Air Ltd. (hydrogen purification plant planned) (Brief Article)
April 18, 1994... Canadian Liquid Air Ltd., Edmonton, will spend at least $7 million (Canadian) to build a hydrogen purification plant tied to a $500 million ethylene project at Fort Saskatchewan, Alta. The plant is scheduled to begin operation this fall. Size...

China National Chemical Construction Corp. (contract let to Technip) (Brief Article)
April 18, 1994... China National Chemical Construction Corp. let contract to Technip for design and construction of a $20 million, 60,000 metric ton/year polyvinyl chloride plant in Waxian, Sichuan province, China. The plant, for Chuandong Chemical Industry...

Chevron Corp. (solid catalyst test with Chemical Research and Licensing Co.) (Brief Article)
April 18, 1994... Chevron Corp. and Chemical Research & Licensing Co., Houston, will test CR&L's solid catalyst alkylation system at Chevron's 185,000 b/ cd Port Arthur, Tex., refinery. The process replaces conventional liquid acid catalysts with a less...

Hess Oil Virgin Islands Corp. (liquefied petroleum gas extraction unit started) (Brief Article)
April 18, 1994... Hess Oil Virgin Islands Corp. started up a UOP Merox LPG extraction unit at its 545,000 b/cd St. Croix, V.I., refinery. This marks the 1,500th Merox unit placed in operation worldwide since UOP introduced the process in 1958.

A Texas Court. (rules against CBI Na-Con Inc. in crane accident case) (Brief Article)
April 18, 1994... A Texas court entered a $31.5 million judgment in Marathon Oil Co.'s favor against CBI Na-Con Inc., a unit of CBI Industries Inc., Oak Brook, Ill. The Harris County court decision stems from a crane accident Oct. 30, 1987, at Marathon's...

Fina Exploration Libya BV's. (wildcat flows) (Brief Article)
April 18, 1994... Fina Exploration Libya BV's second wildcat on Block NC 171-5 in the eastern part of Libya's Sirte basin flowed 2,200 b/d of 37 degrees gravity oil through a 5%4 in. choke. Partners in the 9,657 ft well are Fina 50%, Yukong Ltd. 20%,...

Triton Energy Corp. (Malaysia/Thailand joint development area) (Brief Article)
April 18, 1994... Triton Energy Corp., Dallas, on Apr. 21 will participate in a signing ceremony in Kuala Lumpur with the Malaysia/Thailand Joint Authority and national oil companies of Malaysia and Thailand to open the Malaysia/Thailand joint development...

DG Seis International Ltd. (planning to acquire seismic data n Caspian Sea) (Brief Article)
April 18, 1994... DG Seis International Ltd., a unit of DG Seis Inc., Houston, and affiliates by this fall intend to begin acquiring and processing seismic data in the Caspian Sea, pending completion of financing to upgrade and operate a seismic vessel.

Magellan Petroleum Australia Ltd. (reserves) (Brief Article)
April 18, 1994... Magellan Petroleum Australia Ltd., a unit of Magellan Petroleum Corp., Hartford, Conn., estimates original sales gas reserves in Palm Valley field of Australia's Northern Territory at 480 bcf and original gas in place at more than 1 tcf. A...

U.S. President. (Bill Clinton orders federal agencies to reduce energy use) (Brief Article)
April 18, 1994... U.S. President Clinton issued an executive order directing federal agencies to reduce energy use 30% from 1985 levels by 2005, saving $1 billion/year. Former President Bush previously ordered a 20% cut, but little was done to implement it....

Proper bit selection improves ROP in coiled tubing drilling. (rate of penetration)
April 18, 1994... Using the correct type of bit can improve the rate of penetration (ROP) and therefore the economics of coiled tubing drilling operations. Key factors, based on studies of the coiled tubing jobs to date, are that the drilling system must...

Alberta's. (well cleanup cost legislation) (Brief Article)
April 18, 1994... Alberta's government introduced legislation requiring industry to cover cleanup costs for wells abandoned by owners who can't be traced. Oil companies have agreed to set up a fund to cover cleanup costs of so-called orphaned wells. The...

U.S. Coast Guard. (oil pollution remediation proposals) (Brief Article)
April 18, 1994... U.S. Coast Guard proposes a rule that would require U.S. flag oil tankers larger than 150 gross dwt and other U.S. flag ships larger than 400 gross dwt to carry approved shipboard oil pollution emergency plans. Non-U.S. ships of similar...

Nuclear Energy Institute. (to consolidate nuclear trade organizations) (Brief Article)
April 18, 1994... Nuclear Energy Institute was formed to consolidate work of nuclear industry trade organizations based in Washington, D.C. It will handle programs in government affairs, communications, and regulatory and technical issues previously managed...

Gas pipeline adjusts operations to meet Order 636. (Texas Gas Transmission Corp.)
April 18, 1994... Responding to U.S. Federal Energy Regulatory Commission's Order 636, Texas Gas Transmission Corp., Owensboro, Ky., has instituted an allocation procedure for unbundled supply, pipeline transportation and storage while maintaining system...

Electric tubing heater improves well production in CO2 flood.
April 18, 1994... Installation of a downhole heater in a well eliminated production interruptions caused by downhole paraffin and hydrate buildup, exacerbated by cooling effects of [CO.sub.2]. The well is one of 20 operated by Shell Western E&P Inc. in the...

Smith International, Inc. (executive changes) (Brief Article)
April 18, 1994... Smith International, Inc., Houston, Tex., has named Loren K. Carroll president and chief executive officer of M-I Drilling Fluids Co., L.L.C., a company owned 64 percent by Smith International and 36 percent by Halliburton Company. Carroll...

Delta Hudson International, Inc. (executive changes) (Brief Article)
April 18, 1994... Delta Hudson International, Inc., Calgary, Alberta, Canada, has named Ron E. Greenlay president. He will be resident in the Singapore office. Over the past 30 years Greenlay has held various executive positions with major engineering...

Texas Eastern Products Pipeline Co. (executive changes) (Brief Article)
April 18, 1994... Texas Eastern Products Pipeline Co. [TEPPCO], Houston, Tex., a subsidiary of Panhandle Eastern Corp., has named William L. Thacker, Jr. chief executive officer. Thacker will continue to hold his current title of president. Clifford W....

Zellweger Uster AG. (acquisition) (Brief Article)
April 18, 1994... Zellweger Uster AG, Uster, Switzerland, has acquired Astro International Corp., League City, Tex. Astro specializes in systems for water analysis, and for detection of explosive gases. The company will be integrated into Zellweger's...

Simulation Sciences Inc. (executive changes) (Brief Article)
April 18, 1994... Simlation Sciences Inc., Brea, Calif., has named Hollon H. Bridges, Jr. vice president of sales & marketing. Bridges has held positions in sales and marketing management, and most recently served as vice president, worldwide sales &...

Nalco Chemical Co. (joint venture planned with Exxon Chemical Co.) (Brief Article)
April 18, 1994... Nalco Chemical Co., Naperville, Ill., and Exxon Chemical Co., Houston, Tex., a division of Exxon Corp., have announced that they have signed a memorandum of understanding to form a worldwide energy chemicals joint venture. The joint venture...

Post-stack steep dip enhancement aids search around salt structures. (Exploration)
April 18, 1994... Recent interest in drilling targets near and beneath subsurface salt bodies has challenged geophysicists to improve imaging of steeply dipping reflectors of seismic energy. An important new imaging technology is post-stack steep dip...

Greenland considers more drilling, licensing. (Brief Article)
April 18, 1994... Danish and Greenland authorities plan to decide this spring whether to conduct future licensing off Greenland as a conventional licensing round or a less formalized negotiating procedure. The authorities may also decide to consider...

Shell presses Thailand E&D. (Thai Shell Exploration & Production; exploration and development) (Brief Article)
April 18, 1994... Thai Shell Exploration & Production is pressing exploration in Thailand despite recent disappointments there. The company is condUcting a 650 line km seismic survey in Northeast Thailand's Khorat basin that is expected to take 3 months...

IEA: SE Asia to set pace for big jump in world energy demand by 2010. (International Energy Agency) (Brief Article)
April 18, 1994... The International Energy Agency predicts world energy demand will grow 50% by 2010. Growth will be dominated by Southeast Asia, particularly China, IEA Executive Director Helga Steeg told a Centre for Global Energy Studies conference in...

OPEC draws praise for restraint. (Organization of Petroleum Exporting Countries)
April 18, 1994... Delegates gathered in London for a Centre for Global Energy Studies (CGES) conference heard the Organization of Petroleum Exporting Countries praised for production restraint during the last 6 months. Dr. Richard Schenz, chairman of...

New U.S. pipelines require smart pigs. (Brief Article)
April 18, 1994... The U.S. Transportation Department's Research and Special Programs Administration has issued a rule requiting new and replacement pipelines to be built to accommodate the use of smart pigs. RSPA said the rule, published in the Apr. 12...

Will rising products demand lead OPEC out of the oil price wilderness? (Organization of Petroleum Exporting Countries) (Brief Article)
April 11, 1994... Will rising products demand lead OPEC out of the oil price wilderness? The view from analysts in the wake of OPEC's quota rollover (OGJ, Apr. 4, p. 36) seems to be one of modest improvement for the year. Salomon Bros. sees WTI...

There is a range of explanations for the recent oil price rally coming on the heels of a price drop in the wake of OPEC's meeting. (Organization of Petroleum Exporting Countries) (Brief Article)
April 11, 1994... There is a range of explanations for the recent oil price rally coming on the heels of a price drop in the wake of OPEC's meeting. Nymex light sweet crude for May delivery jumped 41 to close Mar. 31 at $14.79/bbl, the third consecutive day of...

Pdvas will cut its 1994 budget by about 7%. (Petroleos de Venezuela) (Brief Article)
April 11, 1994... Pdvsa will cut its 1994 budget by about 7% in line with cost cutting measures ordered by the new administration of President Rafael Caldera. Capital outlays will drop by $320 million and operating expenses by $240 million, Pdvsa Pres....

Privatization of petroleum sectors continues to sweep the globe. (Brief Article)
April 11, 1994... Privatization of petroleum sectors continues to sweep the globe. Sri Lanka will privatize state owned petroleum monopoly Ceylon Petroleum Corp. (CPC) by yearend. CPC has a monopoly to import crude oil and refined products, distribute...

Spain plans to privatize 15-20% of Repsol by yearend. (Repsol Petroleos) (Brief Article)
April 11, 1994... Spain plans to privatize 15-20% of Repsol by yearend, a move expected to raise as much as $1.46 billion and cut the state's stake in the country's biggest petroleum company to 20% from the current 40.5%. Madrid, however, plans to retain...

Ottawa is preparing to sell its remaining 70% interest in PetroCanada. (Brief Article)
April 11, 1994... Ottawa is preparing to sell its remaining 70% interest in PetroCanada, says the president of the national oil company. Jim Stanford hopes the new Liberal government will deal with a large part if not all of the federal interest before...