The Oil and Gas Journal articles from August 1994

The Oil and Gas Journal archives from August 1994

OPEC predicts the call on its members' oil will be 26.7 million b/d and 24.34 million b/d in 1995 first and second quarters. (Organization of Petroleum Exporting Countries) (Brief Article)
August 29, 1994... OPEC predicts the call on its members oil will be 26.7 million b/d and 24.34 million b/d in 1995 first and second quarters, respectively. The OPEC secretariat projects world oil demand will rise 680,000 b/d, or 1.1%, to 67.68 million b/d...

Pdvsa expects world oil demand to grow by 1-1.2%/year through the end of the decade. (Petroleos de Venezuela S.A.) (Brief Article)
August 29, 1994... Here's another positive oil demand forecast. Pdvsa expects world oil demand to grow by 1-1.2%/year through the end of the decade. Pdvsa Vice Pres. Luis Urdaneta pegs world oil demand at 74-76 million b/d by 2000, leaving Venezuela sitting...

Crude futures are responding to the Nigerian crisis again. (crude oil futures, Nigerian oil workers strike) (Brief Article)
August 29, 1994... Crude futures are responding to the Nigerian crisis again. Nymex crude for October delivery settled at $17.49/bbl Aug. 24, up 64 in 2 days but still down about $2-3 from late July-early August levels. The rally was prompted by the continued...

The U.S. continues to fail to replace oil and gas reserves. (Energy Independence Administration)
August 29, 1994... While discoveries were up significantly in 1993, EIA reports, they were not enough to offset the year to year slide in reserves of oil by 3.3% to 22.957 billion bbl and gas by 1.6% to 162.415 tcf. U.S. discoveries of dry gas reserves totaled...

BP has proposed a development plan for another marginal Alaskan North Slope discovery. (British Petroleum Company PLC)
August 29, 1994... BP has proposed a development plan for another marginal Alaskan North Slope discovery. Putting on stream the Badami find, with reserves postulated at 100 million bbl of oil and 100 bcf of gas, could require 60 wells, a 37 mile pipeline to...

Sponsors claim a wildcat slated to spud last weekend near Forth McMurray, Alta., is the first North American well to target pre-Cambrian granite as a potential hydrocarbon source. (Brief Article)
August 29, 1994... Sponsors claim a wildcat slated to spud last weekend near Fort McMurray, Alta., is the first North American well to target pre-Cambrian granite as a potential hydrocarbon source. Programmed to target zones at 1,770 ft, 3,300 ft, and 6,900 ft,...

BP would be willing to invest $1 billion in E&P in Venezuela in the medium term. (British Petroleum Company PLC, exploration and production)
August 29, 1994... BP would be willing to invest $1 billion in E&P in Venezuela in the medium term "if the right exploration and production projects came about," says BP Exploration CEO John Browne. BP currently is developing Pedernales oil field solo and...

Amoco plans to install wind turbines to cut costs and pollution on two North Sea gas field platforms, claiming it is the first time wind generated electricity will have been used on active U.K. North Sea facilities.
August 29, 1994... Amoco plans to install wind turbines to cut costs and pollution on two North Sea gas field platforms, claiming it is the first time wind generated electricity will have been used on active U.K. North Sea facilities. The company is...

Russia plans to hike its crude exports in 1994 by 15% despite a steady slide in production. (Brief Article)
August 29, 1994... Russia plans to hike its crude exports in 1994 by 15% despite a steady slide in production. The paradox results from shrinking domestic demand owing mainly to the depressed defense industry, historically the country's biggest oil energy...

U.S. petrochemical profits are improving. (Union Texas) (Brief Article)
August 29, 1994... U.S. petrochemical profits are improving. Union Texas says its petrochemical business is benefiting from significantly higher ethylene margins as a result of greater demand and stable feedstock prices. UT sees continued improvement in its...

Monsanto is offering $1 million to anyone who can solve a knotty environmental problem: a cost-effective, commercial technology to separate and recover ammonia from organic chemical waste streams. (Brief Article)
August 29, 1994... Monsanto is offering $1 million to anyone who can solve a knotty environmental problem: a cost-effective, commercial technology to separate and recover ammonia from organic chemical waste streams--notably petrochemicals and other...

Japanese refiners and petrochemical producers are scrambling to import water to help ease a water shortage that threatens to further squeeze operations. (Brief Article)
August 29, 1994... Japanese refiners and petrochemical producers are scrambling to import water to help ease a water shortage that threatens to further squeeze operations. Water rationing in drought stricken Japan has forced several refiners to cut operating...

The world's longest coal slurry pipeline has a green light from China's government. (Brief Article)
August 29, 1994... The world's longest coal slurry pipeline has a green light from China's government. A U.S. led group signed an Aug. 18 cooperative agreement with Beijing to construct an $888.6 million coal cleaning plant and 500 mile slurry pipeline to bring...

Medics and bodyguards. (safety in the Commonwealth of Independent States) (Brief Article) (Column)
August 29, 1994... Surprisingly, Helsinki, with its modern infrastructure and amenities, may become a base for explorationists headed for Siberia. This is one reason Juhani Missonen, managing director of Euro-Flite Ltd., Helsinki, was at the Offshore...

Global warming issue rears again. (Editorial)
August 29, 1994... The global warming issue is rearing its head again. As international negotiators prepared to meet last week in Geneva on developments since the 1992 signing of the Rio de Janeiro treaty on climate change, the Clinton administration propounded...

Weak oil prices help trim profits for OGJ group in first half 1994. (Oil and Gas Journal's group of 22 integrated US oil companies) (Industry Overview)
August 29, 1994... First half 1994 earnings for Oil & Gas Journal's group of 22 integrated U.S. oil companies dipped significantly from the same period last year. Profits dropped 23.5% to $6.4 billion from $8.3 billion in first half 1993. Much lower oil...

Reports from 1970s help furnish lead to Ashland-Total oil find off Nigeria.
August 29, 1994... A unit of Ashland Oil Inc. has tested a hefty oil strike off Nigeria near an 18,600 b/d discovery drilled by another operator more than 2 decades ago. Ashland Exploration Inc.'s 1 Okwori South wildcat, in 450 ft of water on Oil...

Andadarko group chalks up Algerian successes. (Anadarko Algeria Corp. reports its fourth oil strike in Algeria's Sahara Desert) (Brief Article)
August 29, 1994... A group led by a unit of Anadarko Petroleum Corp., Houston, has gauged its fourth large oil strike in Algeria's Sahara Desert. Anadarko Algeria Corp.'s 1 Berkine East wildcat (1 BKE) flowed a combined 15,275 b/d of oil, 3,745 b/d of...

Pdvsa outlines profit sharing terms. (Petroleos de Venezuela SA) (Brief Article)
August 29, 1994... Petroleos de Venezuela SA has outlined proposed terms for its new profit sharing agreements for exploration/production joint ventures in Venezuela's high risk areas. Purpose of the program is to enlist more participation by foreign...

Asia-Pacific to fuel energy demand growth to 2010. (Tokyo Institute of Energy Economics' Energy Data & Modeling Center report) (Brief Article)
August 29, 1994... The Asia-Pacific region will lead world energy demand growth for the foreseeable future. So says Ken-ichi Matsui, vicepresident of the Energy Data & Modeling Center at Tokyo's Institute of Energy Economics. Speaking at the Offshore...

Norwegian petroleum tax reforms still on horizon.
August 29, 1994... Norway's offshore operators hoping for news of lower petroleum taxes were disappointed at the Offshore Northern Seas conference and exhibition in Stavanger last week. As the opening of the conference approached, speculation grew over the...

Brazil. (Petroleo Brasileiro SA; includes related article on Petrobras executives) (State Oil Company Profiles, part 2) (Company Profile)
August 29, 1994... Brazil's petroleum sector has been under mostly state control since before World War II. Until 1939, private capital, Brazilian or foreign, could be freely invested in oil activities in Brazil. However, no foreign company had shown...

China. (China National Petroleum Corp.) (State Oil Company Profiles, part 2) (Company Profile)
August 29, 1994... China National Petroleum Corp. (CNPC), Beijing, is vested with [responsibility for all of China's onshore upstream oil and gas operations, including islands and shallow water as deep as 5 m. An integrated industrial organization, CNPC...

No change sought for fuel tax collection. (transportation fuel tax) (Brief Article)
August 29, 1994... The American Petroleum Institute has urged Congress not to tinker further with the system to collect U.S. transportation fuel taxes. Last year's Omnibus Budget Reconciliation Act tried to simplify the system to prevent fraud. It moved the...

Saudis warn against energy taxes. (at the Offshore Northern Seas conference in Stavanger, Norway) (Brief Article)
August 29, 1994... An adviser to Saudi Arabia's Ministry of Petroleum & Mineral Resources used the Offshore Northern Seas conference in Stavanger last week to warn consumer countries against energy taxes. Ibrahim Al-Muhanna told delegates the Saudi...

Finland. (Neste Oy; includes related article on Neste's management organization) (State Oil Company Profiles, part 2) (Company Profile)
August 29, 1994... Although sitting on the Scandinavian shield and bereft of any domestic crude oil or natural gas, Finland, or Suomi in Finnish, still has in Neste Oy one of the world's most energetic state-owned oil companies. Neste (the oy means...

Exploration to start on Hungarian acreage in '95. (oil and gas exploration)
August 29, 1994... Winning bidders in Hungary's first oil and gas exploration concession round expect to sign final contracts this fall. Initial seismic surveys are expected to get under way early in 1995, with the first wildcats likely to spud later in the...

Japan. (Japan National Oil Corp.; includes related article on company's top executives) (State Oil Company Profiles, part 2) (Company Profile)
August 29, 1994... Japan National Oil Corp. reverses the mold for state oil companies. While most government-owned companies exist to turn natural hydrocarbon endowments into national wealth, JNOC is in business to deal with Japan's petroleum deprivation....

GRI predicts record highs for U.S. gas demand. (Gas Research Institute)
August 29, 1994... Gas Research Institute, Chicago, predicts U.S. gas consumption will grow to record highs in the next 15 years if advances in supply technology keep prices low. GRI's 1995 baseline projection said consumption will grow to about 28...

Mutual assistance agreements urged for U.S. natural gas industry. (Natural Gas Supply Association) (Brief Article)
August 29, 1994... The U.S. Interior Department is considering merging management of the Arctic National Wildlife Refuge in Alaska with two adjoining Canadian national parks. Alaska's congressmen immediately complained the idea is an "end run" designed to...

Merging U.S., Canadian arctic areas considered. (Arctic National wildlife Refuge, Alaska, Vunntut and Ivvavik Canadian National Parks)
August 29, 1994... The Natural Gas Supply Association has urged the U.S. gas industry and its regulators to include mutual assistance agreements in their contingency plans. Linda Burns, chairman of NGSA's state regulatory affairs committee, said, "Advance...

Namibia's role model. (Brief Article) (Column)
August 29, 1994... Namibia will do almost anything to please oil companies in its efforts to attract more oil and gas exploration. This is the view of Halfdan Carstens, assistant director of PGS Nopec, Trondheim, Norway. PGS Nopec holds a contract with...

Falkland Islands unveils terms for upstream projects. (oil exploration and development) (Brief Article)
August 29, 1994... The Falkland Islands government has disclosed draft terms for oil exploration and development around the islands. The proposals, published in the Falkland Islands Gazette, are intended for public consultation prior to submission to the...

Fine assessed in California oil spill. (Berry Petroleum Co.) (Brief Article)
August 29, 1994... Berry Petroleum Co., Taft, Calif., has pleaded no contest and paid $600,000 in state fines stemming from allegations of a California oil spill. Berry made that response to criminal misdemeanor charges filed by the state that it illegally...

Tight methanol markets seen through 1997.
August 29, 1994... World methanol markets will remain tight through 1997 as demand growth exceeds likely capacity additions, maintaining upward pressure on prices. So concludes Crocco & Associates Inc., Houston, in a multiclient study of international...

Norway. (Statoil A/S; includes related article on company's executives) (State Oil Company Profiles, part 2) (Company Profile)
August 29, 1994... Since its creation 22 years ago by the Norwegian parliament, Norway's state oil company, den norske stats oljeselskap AS, better known as Statoil, has become the country's biggest company. Headquartered in Stavanger, it is an integrated oil...

Brasoil, Nissho Iwai sign semi rig conversion accord. (Braspetro Oil Service Co., offshore drilling rig) (Brief Article)
August 29, 1994... Braspetro Oil Service Co. (Brasoil), a unit of Brazil's Petroleos Brasileiro SA, has signed a $138 million financing agreement with Nissho Iwai of Japan covering an offshore drilling rig. The credit facility is to provide funds for...

Assistance to FSU has limited effect. (energy assistance to the Former Soviet Union, Office of Technology Assessment report) (Column)
August 29, 1994... The congressional Office of Technology Assessment says U.S. policies designed to help former Soviet Union (FSU) countries develop, conserve, or export energy will be of limited effectiveness. Energy related technology transfer will not...

Colombia's. (Corp. Autonoma Regional del Cauca contracts with Consortium Enron Carton de Colombia) (Brief Article)
August 29, 1994... Colombia's state owned Corp. Autonoma Regional del Cauca (CVC) let contract to Consortium Enron Carton de Colombia to build, own, and operate a $175-200 million, 200,000 kw cogeneration plant in Call, Colombia. Electrical power will be scid...

Oman. (Petroleum Development Oman) (State Oil Company Profiles, part 2) (Company Profile)
August 29, 1994... Petroleum Development Oman (PDO) produces most of the oil in a country that is not typical of oil producers in the Middle East. Oman's 800,000 b/d of production comes from fields that are small by Middle Eastern standards, certainly,...

Formosa Plastics Group. (seeks government approval to build four 600,000 kw cogeneration plants)
August 29, 1994... Formosa Plastics Group is seeking government approval to build four 600,000 kw cogeneration plants at its Mailing petrochemical complex that's under construction. Cogeneration plant construction could be complete by yearend 1997 at a cost of...

U.S. Generating Co. (plans to install cogeneration plant at its California Midway-Sunset oil field) (Brief Article)
August 29, 1994... U.S. Generating Co. (USGC), Bethesda, Md., plans to install a 400,000 kw natural gas fired, combined cycle cogeneration plant in California's Midway-Sunset oil field. It will supply steam for thermal enhanced oil recovery to Santa Fe Energy...

Roscomnedra. (and Sakhalin Oblast offers Sakhalin IV oil and gas rights) (Brief Article)
August 29, 1994... Roscomnedra and Sakhalin Oblast officials are offering the Sakhalin IV competitive tender for rights to explore and develop two offshore areas on the Sakhalin Island shelf. Russian officials on Sept. 28 in Denver will present details of the...

Australia's. (Broken Hill Proprietary Company Ltd. signs contract allowing it to explore in China's pearl River basin) (Brief Article)
August 29, 1994... Australia's Broken Hill Pty. Co. Ltd. and China National Offshore Oil Corp. signed an agreement that permits Broken Hill to explore for oil and gas in southern China's Pearl River basin. It will explore a 1,045 sq mile ares off Guangdong...

A joint venture. (Stirling Resources NL, Hardman Resources NL and Philippine National Oil Co.) (Brief Article)
August 29, 1994... A joint venture of Stirling Rosources NL and Hardman Resources NL 42.5% each and Philippine National Oil Co. 15% plans to drill two deep wildcats early in 1995 under geophysical survey and exploration contract (GSEC) 78 in Philippines, The...

Viet Nam. (Vietnam Oil and Gas Corp.) (State Oil Company Profiles, part 2) (Company Profile)
August 29, 1994... The rapid evolution of Vietnam Oil & Gas Corp. (Petrovietnam), Hanoi, reflects the latest steps toward reinventing Viet Nam's petroleum industry. Petrovietnam's predecessor--Vietnam Oil & Gas Co. (Vietco)--was created in September 1977...

Capilano International Inc. (seismic survey contracts with Argentina) (Brief Article)
August 29, 1994... Calgary, will conduct seismic surveys under contracts worth $13 million (U.S.) in a joint venture in Argentina. Capilano will join Petroman SA in a $12 million project for Argentina state company Yacimientos Petroliferos Fiscales in work for...

King Ranch Oil & Gas Inc. (joint oil and gas exploration operation off the coast of Texas) (Brief Article)
August 29, 1994... Houston, Energen Corp. unit Taurus Exploration Inc., Birmingham, Ala., and Holly Petroleum Inc., Dallas, teamed up for exploration off Texas. Operator King Ranch will acquire $7 million of newly available 3D seismic data on more than 200...

Iran. (plans to build refinery) (Brief Article)
August 29, 1994... Iran plans to build a $3 billion, 225,000 b/d refinery in the industrial free trade zone of Chah Bahar port on the Gulf of Oman. Preliminary studies have been completed. Details aren't disclosed.

Clark Refining & Marketing Inc. (acquires Chevron U.S.A. Product Co.'s Port Arthur, Texas refinery) (Brief Article)
August 29, 1994... Clark Refining & Marketing Inc., St. Louis, agreed to buy Chevron U.S.A. Products Co.'s 185,000 b/cd Port Arthur, Tex., refinery and terminal. Clark said the purchase price is $74 million plus inventory of $140 million. The potential for more...

Wainoco Oil Corp. (Frontier Oil and Refining Co. restarted crude unit at Cheyenne, Wyoming refinery) (Brief Article)
August 29, 1994... Wainoco Oil Corp. unit Frontier Oil & Refining Co. completed most of the repair work and restarted the crude unit Aug. 22 at its 41,000 b/cd Cheyenne, Wyo., refinery. Fire had damaged the unit's crude charge pump, motors, and control wiring.

Two state companies create petrochemical giant. (Statoil A/S and Neste Oy merge petrochemical operations) (State Oil Company Profiles, part 2) (Company Profile)
August 29, 1994... After months of negotiations, the chief executives of Norways's den norske stars oljeselskap a.s. (Statoil) and Finland's Neste Oy this past January signed an agreement creating Europe's largest and the world's fifth largest poplyolefins...

Belgium's. (Tractabel, House of Habib and W. Tawoos LLC build power plant near Karachi, Pakistan) (Brief Article)
August 29, 1994... Belgium's Tractabel, Pakistan's House of Habib, and Oman's W. Tawoos LLC teamed to build an $800 million, 450,000 kw oil fired power plant at Buleji port near Karachi. Separately, AES Corp. agreed with Pakistan's government to build a...

Home Oil Co. Ltd. (1994 capital budget increased) (Brief Article)
August 29, 1994... Companies Home Oil Co. Ltd., Calary, increased its 1994 capital budget to $212 million (Canadian) from previously planned outlays of $179 million. It cited a first half 1994 exploration success ratio of 78% in 84 net wells in which it...

Unocal Thailand Ltd. (voluntary separation program offered to employees) (Brief Article)
August 29, 1994... Unocal Thailand Ltd., Bangkok, this month will offer a voluntary separation program to a relatively small number of its 651 offshore employees as part of a company-wide effort to build greater efficiency into operations.

Norcen Energy Resources Ltd. (acquisition bid made for North Canadian Oils Ltd.) (Brief Article)
August 29, 1994... Norcen Energy Resources Ltd., Calgary, started a $230 million (Canadian) takeover bid for outstanding shares of North Canadian Oils Ltd., also of Calgary. Norcen owns 52.4% of North Canadian at present. Norcen made an offer for the...

Spain's. (Gas Natural acquires Gas de Burgos and Gas de Palencia) (Brief Article)
August 29, 1994... Spains Gas Natural acquired 100% of Castilian gas distribution companies Gas de Burgos and Gas de Palencia.

U.S. Coast Guard. (issues rules requiring escort vessels for certain tankers in the Prince William Sound off Alaska) (Brief Article)
August 29, 1994... U.S. Coast Guard published a final rule requiring escort vessels for certain oil tankers transiting Prince William Sound off Alaska, site of the March 1989 Exxon Valdez oil spill. It said the regulation, published in the Aug. 19 Federal...

New correlation accurately calculates water solubilities of aromatics.
August 29, 1994... A new correlation calculates reliable aromatics solubilities in water down to very low concentrations. The correlation, based on boiling point, can be used for inital engineering studies, including those involving health, safety, and the...

Helmerich & Payne Inc. (joining with Atwood Oceanics Inc. to design, build and operate a drilling rig) (Brief Article)
August 29, 1994... Helmerich & Payne Inc., Tulsa, and affiliate Atwood Oceanics Inc., Houston, will team up as 50-50 partners to design, build, and operate a 20,000 ft capacity, new generation platform drilling rig for work off Australia. Elsewhere, H&P will...

Partners. (Amoco Orient Petroleum Co., Kerr-McGee Liuhua Ltd. and China Offshore Nanhai East Corp. let contract for oil production and storage facilities) (Brief Article)
August 29, 1994... Amoco Orient Petroleum Co., China Offshore Nanhai East Corp., and Kerr-McGee Liuhua Ltd. let contract to Clough Stena (Asia) Joint Venture, Aberdeen, to install production and storage facilities in 11-1 Liuhua oil field in the South China...

Japan's. (Fuji Bank approves loan to China to help develop the country's oil industry) (Brief Article)
August 29, 1994... Japan's Fuji Bank approved a $50 million loan to China to help develop the Chinese oil industry. The money is earmarked for China National Offshore Oil Corp., which will use the funds for Liuhua and Huizhou oil fields in the South China...

Japan's. (joint venture between Sumitomo Corp. and Preussag AG) (Brief Article)
August 29, 1994... Japan's Sumitomo Corp. joined with Germany's Preussag AG in a joint venture to participate in oil production in Kazakhstan's Kumkol field, according to Nihon Keizai Shimbun, Tokyo, reported. The venture is expected to take almost a 50% share...

Victoria Oilfield Development Ltd. (contract) (Brief Article)
August 29, 1994... Victoria Oilfield Development Ltd. let contract to Exploration & Production Services (North Sea) Ltd., Reading, U.K., to provide and operate process equipment for an extended well test in BP Exploration Operating Co. Ltd.'s Foihaven field...

BP Exploration. (expansion program in Milne Point field, Alaska) (Brief Article)
August 29, 1994... BP Exploration approved a 3 year, $120 million expansion program in Milne Point field on Alaska's North Slope. The project is expected to increase oil production to 50,000 b/d by 1997 from 20,000 b/d and increase recovery by more than 50...

NCE Resources Group. (spending $30 million to develop oil and gas reserves) (Brief Article)
August 29, 1994... NCE Resources Group, Toronto, plans to spend as much as $30 million (Canadian) to develop oil and gas reserves in Alberta and Saskatchewan. Details aren't disclosed.

India's. (Oil and Natural Gas Commission plans to boost oil production) (Brief Article)
August 29, 1994... India's Oil & Natural Gas Commission plans to boost its production to 580,000 b/d in fiscal 1995-96 from 480,000 b/d in fiscal 199394.

Blue Dolphin Energy Co. (acquiring assets of Petroport LC) (Brief Article)
August 29, 1994... Blue Dolphin Energy Co., Houston, agreed to buy most of the assets of Petroport LC, most of which are linked to development of a proposed oil terminal and storage site in the Gulf of Mexico off Texas (OGJ, Sept. 27, 1993, p. 32).

Enron Corp. (through a joint venture will own 85% of Bolivia-Brazil pipeline project) (Brief Article)
August 29, 1994... Enron Corp. unit Enron Development Corp. and Bolivia's Yacimientos Petroliferos Fiscales Boliviangs (YPFB), through a joint venture, will own 85% of the Bolivia-Brazil pipeline project (OGJ, Aug. 22, p. 24) on the Bolivian side of the...

Unocal Corp. (invests in Pacific Pipeline Project) (Brief Article)
August 29, 1994... Unocal Corp. acquired 5% ownership in the proposed Pacific Pipeline Project, a 130,000 b/d Callfornia pipeline that will move crude to Los Angeles basin refineries from the southern San Joaquin Valley. The 20 in. line will start south of...

A revamp. (PT Pupul Kujang ammonia plant increases capacity) (Brief Article)
August 29, 1994... A revamp of Indonesia's PT Pupuk Kujang ammonia plant in Cikampek, West Java, increased its capacity more than 18% to more than 1,200 metric tons/day. M.W. Kellogg Co., Houston, provided services for basic design engineering, offshore...

FINA Inc. (FINA Oil & Chemical Co. lets contract) (Brief Article)
August 29, 1994... FINA Inc. unit FINA Oil & Chemical Co. let contract to Jacobs Engineering Group Inc., Houston, to provide engineering and procurement services for a polypropylene plant to be built at FINA's Deer Park, Tex., LaPorte plant (OGJ, July 11, p....

Westcoast Energy Inc. (contract) (Brief Article)
August 29, 1994... Westcoast Energy Inc., Vancouver, let a $140 million (Canadian) contract to Fluor Daniel Inc., Irvine, Calif., to provide engineering, procurement, and support services for a sour gas processing plant near Tumbler Ridge, B.C. Completion of...

New MDEA design in gas plant improves sweetening, reduces CO2. (methyl diethanolamine; natural gas sweetening)
August 29, 1994... Initial tests on a newly installed gas-sweetening unit at a Hungarian gas plant indicate that H2S can be removed from inlet feed gas in a high-pressure system to less than 6 mg/cu m (4 ppmv) while rejecting most of the CO2. This result...

Coastal Corp. (Coastal Gas Gathering and Processing Co and Questar Pipeline Co. to build gas processing plant in Wyoming) (Brief Article)
August 29, 1994... Coastal Corp. unit Coastal Gas Gathering & Processing Co. and Questar Corp. unit Questar Pipeline Co. teamed up and are building the 84 MMcfd Blacks Fork gas processing plant in Southwest Wyoming. The plant, on Questar's Moxa arch area...

India and Oman. (sign memorandum of understanding to build ammonia/urea complex at Sur, Oman) (Brief Article)
August 29, 1994... India and Oman signed a memorandum of understanding to build a $900 million natural gas based ammonia/urea complex at Sur, Oman. India will buy the project's entire output of 145,000 metric tons/year of urea. A 50-50 venture of India's...

Representatives. (Janzhou refinery and China Travel Service Group Co. representatives established Ianzhou-Hong Kong Petro-Chemical Company Ltd.) (Brief Article)
August 29, 1994... Representatives from China's Janzhou refinery and China Travel Service Group Co. jointly established lanzhou-Hong Kong Petro-Chemical Co Ltd. The company will produce as much as 40,000 metric tons/year of polypropylene.

Model accurately predicts directional borehole trajectory.
August 29, 1994... Theoretical investigations and field data analyses helped develop a new method of predicting the rate of inclination change in a deviated well bore to help reduce the frequency and magnitude of doglegs. Predicting borehole dogleg severity is...

Seismic anomalies suggest giant oil fields may lie off Seychelles.
August 29, 1994... Seismic responses interpretable as direct hydrocarbon indicators (DHIs) occur within the Seychelles offshore stratigraphy at a number of locations. These responses range from bright and/or flat spots to phase changes and gas chimneys. In...

Criterion Catalyst Co. LP. (restructures organization) (Brief Article)
August 29, 1994... Criterion Catalyst Co. LP has restructured its organization to increase its emphasis on petrochemicals. Jim Wambaugh has been named product manager--petrochemicals, Americas. He moves from his current position of technical service...

Serv-Tech, Inc. (Richard L. Daerr named president and chief executive officer) (Brief Article)
August 29, 1994... Serv-Tech, Iric., Houston, Tex. has named Richard L. Daerr president and chief executive officer. Daerr previously served as president of CRSS, Inc. a large engineering, construction, environmental and independent power company. He was...

Western Atlas International, Inc. (forms joint venture with Mangystauneftegeofizika called Western Mangystau Geophysical Co.) (Brief Article)
August 29, 1994... Western Atlas International, Inc. and Mangystauneftegeofizika have formed a joint venture, Western Mangystau Geophysical Co., to provide wireline services in the Mangystau region in southwestern Kazakhstan. Wireline logging, perforation, and...

Short term oil and gas price weakness is not dissuading analysts from predicting strong demand growth and price hikes. NatWest Washington Analysis pegs spot WTI at $20/bbl in 1995 and $22/bbl in 1996.
August 22, 1994... Short term oil and gas price weakness is not dissuading analysts from predicting strong demand growth and price hikes. NatWest Washington Analysis pegs spot WTI at $20/bbl in 1995 and $22/bbl in 1996. The reasons: World economic recovery...

That outlook runs counter to a nearly $3 drop in Nymex crude in early August despite a continuing crisis in Nigeria that has cut a third of its 1.9 million b/d production.
August 22, 1994... That outlook runs counter to a nearly $3 drop in Nymex crude in early August despite a continuing crisis in Nigeria that has cut a third of its 1.9 million b/d production. Reports of other OPEC producers making up the shortfall and the...