The Oil and Gas Journal articles from January 1995

The Oil and Gas Journal archives from January 1995

Earnings in 1984 were generally down slightly for a handful of U.S. majors and big independents reporting them last week. (petroleum industry, January 1995 reports) (Brief Article)
January 30, 1995... Earnings in 1994 were generally down slightly for a handful of U.S. majors and big independents reporting them last week. In general, cost cutting measures and a strong showing in chemicals helped stem the profits slide caused by sagging oil...

Refining profits were hit especially hard in the fourth quarter, given the warm winter depressing demand and market disarray over the introduction of reformulated gasoline. (Brief Article)
January 30, 1995... Refining profits were hit especially hard in the fourth quarter, given the warm winter depressing demand and market disarray over the introduction of reformulated gasoline (RFG) in the U.S. Most of Sun's earnings collapse came in the fourth...

Petrochemicals proved a major bright spot for earnings, with a strengthening global economy driving up demand and prices for many chemical commodities. (Brief Article)
January 30, 1995... Petrochemicals proved a major bright spot for earnings, with a strengthening global economy driving up demand and prices for many chemical commodities. Ashland reported record chemical earnings for its first fiscal 1995 quarter ended Dec. 31,...

Despite the somewhat moribund results in 1994, some companies' optimism about 1995 is reflected in capital spending plans. (Brief Article)
January 30, 1995... Despite the somewhat moribund results in 1994, some companies' optimism about 1995 is reflected in capital spending plans. ARGO last week approved a 15% hike in capital spending to $1.9 billion this year from estimated outlays of $1.65...

California's Santa Barbara County, for decades a symbol of opposition to offshore drilling, now is one record as supporting more oil and gas leasing in federal waters. (Brief Article)
January 30, 1995... In a startling development, California's Santa Barbara County, for decades a symbol of opposition to offshore drilling, now is on record as supporting more oil and gas leasing in federal waters. This comes on the heels of a recent ban on...

Canadian companies will drill 10,500 wells in 1985, a drop from record levels in 1994 owing to soft natural gas prices. (Brief Article)
January 30, 1995... Canadian companies will drill 10,500 wells in 1995, predicts Nickle's Daily Oil Bulletin, Calgary, a drop from record levels in 1994 owing to soft natural gas prices. That compares with the Canadian Association of Oilwell Drilling Contractors'...

India's ONGC will choose by March among a short list of bidders for its $5 billion Bombay High further development project. (Oil and Natural Gas Commission) (Brief Article)
January 30, 1995... India's ONGC will choose by March among a short list of bidders for its $5 billion Bombay High further development project. Making the cut after the first evaluation of bids are Amoco, ARCO, Chevron, Oxy, and Total. Indian companies Reliance...

Dow Chemical could invest as much as $2.5 billion the next 10 years in formerly state owned chemical operations in eastern Germany. (Brief Article)
January 30, 1995... Dow Chemical could invest as much as $2.5 billion the next 10 years in formerly state owned chemical operations in eastern Germany. Dow disclosed earlier this year it will sign early in the first quarter an agreement with German privatization...

Look for weather to be the driver of oil prices this quarter, with crude prices unlikely to rise before the second quarter, when refiners begin to rebuild stocks after the winter. (1995) (Brief Article)
January 30, 1995... Look for weather to be the driver of oil prices this quarter, with crude prices unlikely to rise before the second quarter, when refiners begin to rebuild stocks after the winter. So says London's Centre for Global Energy Studies (CGES), which...

Iraq may be willing to settle for partial oil exports under U.N. supervision, diplomats say, if that brings Baghdad closer to removal of sanctions. (Brief Article)
January 30, 1995... Iraq may be willing to settle for partial oil exports under U.N. supervision, diplomats say, if that brings Baghdad closer to removal of sanctions. Iraq in 1993 rejected the U.N.'s proposal to sell $1.6 billion to pay for humanitarian needs,...

The relentless rise in non-OPEC oil supplies will eat up as much as half of the expected strong growth in oil demand the next few years, making it harder for OPEC to accommodate a resumption of Iraqi oil exports. (Brief Article)
January 30, 1995... The relentless rise in non-OPEC oil supplies will eat up as much as half of the expected strong growth in oil demand the next few years, making it harder for OPEC to accommodate a resumption of Iraqi oil exports. So says Salomon Bros., which...

Conspiracy or market forces? (petroleum industry forecasts) (Column)
January 30, 1995... Oil & Gas Journal's 1995 Forecast and Review, p. 51, analyzes the economic trends that shape the international oil market. This market is a powerful force, automatically setting the price of oil and oil products based on supply and demand....

Smoky images set poor basis for air rules. (Editorial)
January 30, 1995... Remember the newsweekly covers of the late 1980s, the photos of smoky U.S. cityscapes, the headlines about a planet crying for help? A mood shaped by those images led Congress to pass the Clean Air Act Amendments of 1990, which prescribed such...

Caspian Sea activity picking up off former Soviet Union republics. (offshore oil industry)
January 30, 1995... Caspian Sea oil and gas field development has been one of the main focuses of industry attention since former Soviet Union countries opened their doors to western oil companies early this decade. Azerbaijan in particular has been keen to...

Plans advance for Caspian crude oil pipeline.
January 30, 1995... First phase construction of a big crude oil export pipeline from Kazakhstan to the Black Sea is poised to proceed. Caspian Pipeline Consortium Ltd. (CPC) plans Phase I construction of 155 miles of 40 in. line in Russia from Kropotkin to a...

Uzbekistan to step up Kokdumalak field flow. (oil and gas condensate field production set to increase)
January 30, 1995... Uzbekistan is ready to begin hiking liquids production in Kokdumalak oil and gas/condensate field astride the Uzbekistan-Turkmenistan border in the Amu-Darya basin. State owned Uzbekneftegas, field operator, will launch the more than $1...

NTSB pinpoints cause of gas pipeline explosion. (National Transportation Safety Board, New Jersey gas transmission explosion)
January 30, 1995... A gas transmission line blast in New Jersey last March has prompted the National Transportation Safety Board to recommend an added safety measure. NTSB said high pressure pipelines should be retrofitted with automatic or remotely operated...

U.K. sets program to curb airborne pollution.
January 30, 1995... Britain's Departments of Environment and Transport have outlined plans to improve air quality through a program to be implemented largely by local authorities. While broadly welcoming the initiative, U.K. refining and marketing companies are...

Pertamina: Indonesia drilling to rebound. ( 1995 domestic exploratory drilling forecasts)
January 30, 1995... Indonesia's state oil company predicts a rebound in domestic exploratory drilling this year after a sharp drop in 1994. Pertamina Exploration Director Priyambodo Mulyosudirdio estimates 128 exploratory wells will be spudded in 1995, compared...

Shell to break another record with third TLP in Gulf of Mexico. (Shell Offshore Inc., tension leg platform)
January 30, 1995... Shell Offshore Inc. and partners will install the Gulf of Mexico's third tension leg platform (TLP) in a $1 billion campaign to jointly develop the Ram-Powell deepwater prospect. Installation of the Ram-Powell TLP in mid-1997 in 3,218 ft of...

More Norwegian gas to go to France. (Gaz de France contracts with Norway's Gas Negotiation Committee and Total Norge AS for natural gas) (Brief Article)
January 30, 1995... Gaz de France agreed with Norway's Gas Negotiation Committee (GNC) and Total Norge AS to buy 40 billion cu m of Norwegian gas during 26 years beginning in 2001. Deliveries under the contract will reach a plateau of 2 billion cu m/year in...

API: U.S. imported record volume of petroleum in 1994. (American Petroleum Institute report)
January 30, 1995... The American Petroleum Institute reports that last year, for the first time in history, more than half the oil used in the U.S. was imported. The mark is based on an average daily volume for the year. The total volume of imported oil also...

Price concerns dampen U.K. gas prospects. (natural gas prices) (Column) (Brief Article)
January 30, 1995... Increasing pressure on U.K. energy prices appears to rule out easy profits for Britain's independent gas suppliers as the market opens up. On Jan. 19, Imperial Chemical Industries plc (ICI) complained to U.K/s electricity industry regulator...

Emissions cut slated by Canadian producers' group. (Canadian Association of Petroleum Producers signs agreement to reduce greenhouse gas) (Brief Article)
January 30, 1995... The Canadian Association of Petroleum Producers (CAPP) has signed a voluntary agreement with Ottawa to cut emissions of so-called greenhouse gas. CAPP, representing 190 producers, signed a letter of agreement to reduce emissions of gases...

European Union energy policies. (Brief Article)
January 30, 1995... The European Commission has served notice it will consider ways to improve coordination of energy policies in the 15 countries of the European Union. Marcelino Oreja of Spain, the commissioner with special responsibility for transport...

Lithuania. (plans to build oil export import terminal on Baltic Coast) (Brief Article)
January 30, 1995... Lithuania plans to spend $240 million to build a 16 million metric ton/year capacity oil products export/import terminal at Butinge on its Baltic Sea coast. The terminal at first will be owned by a group of state companies led by operators of...

Harken Energy Corp. (to extend exploration contract with Columbia's Ecopetrol) (Brief Article)
January 30, 1995... Harken Energy Corp., Dallas, notified Colombia's Ecopetrol it will drill a well on the Bocachico association contract and extend Harken's contract there into its second year. The contract covers 190,000 acres in the Middle Magdalena basin,...

Amoco Corp. (to drill wildcat well in Romania) (Brief Article)
January 30, 1995... Amoco Corp. plans to drill a wildcat in Northeast Romania starting in June, its first in that country. Amoco holds 5 year exploration rights to 750 sq km in a bend of the Carpathian Mountains, 200 km north of Bucharest.

Maersk OG Gas AS. (expects to increase reserve estimates with partners in Gulf of Thailand) (Brief Article)
January 30, 1995... Maersk Olie OG Gas AS and partners expect to boost reserve estimates on their 2.6 million acre 88-32 block in the Gulf of Thailand after three delineation wells cut gas/condensate sands in three previously untested Tantawan formation fault...

Petrolera Santa Fe (Ecuador) Ltd. (to collect seismic data with partners in Ecuador) (Brief Article)
January 30, 1995... Petrolera Santa Fe (Ecuador) Lid., a unit of Santa Fe Energy Resoumes Inc., Houston, and partners plan to collect more seismic data in 1995 and possibly start exploratory drilling in 1996 on Block 11 in Ecuador's North Central Oriente basin.

Elf Atochem. (to form joint venture Aspen Polymeres with Union Carbide Corp.) (Brief Article)
January 30, 1995... Elf Atochem Paris, and Union Carbide Corp., Danbury, Conn., plan to form a joint venture to pro, duce and market polyethylene resins and compounds for wire, cable, pipe, and other end uses: The new company, Aspen Polymetes, began operations...

Novacor Chemicals (Canada) Ltd. (chooses Classic technology for styrene plant) (Brief Article)
January 30, 1995... Novacor Chemicals (Canada) Ltd. chose the "Classic" styrene technology, jointly licensed by ABB Lummus Crest Inc., Monsanto Co., and UOP, to upgrade Novacor's 18 year old styrene plant at Sarnia, Ont. The new unit will use the latest reactor...

Lausitzer Bergbau Verwaltungsgesellschaft mbH. (and R+T Entsorgungs GmbH let contract to Uhde GmbH and SKL Industrieanlagen GmbH) (Brief Article)
January 30, 1995... Lausitzer Bergbau Venvaltungsgesellschaft mbH and R+T Entsorgungs Gmbh let a combined 40 million deutschemark ($26 million) contract to Uhde GmbH, Dortmund, Germany, and SKL Industrieanlagen GmbH, Magdeburg, Germany, for design of a methanol...

OXY USA Inc. (to ask for rehearing in marketing interference case) (Brief Article)
January 30, 1995... OXY USA Inc. plans to ask for a rehearing after an appellate court upheld a $30 million judgment against the company. The judgment stems from lawsuits brought by two individuals and two companies charging OXY with interfering in marketing gas...

Northstar Energy Corp. (acquires Deminex assets) (Brief Article)
January 30, 1995... Northstar Energy Corp., Calgary, acquired the oil and gas assets of Deminex (Canada) Ltd. for $64.1 million (Canadian). The pumhase includes 9.5 million bbl of oil equivalent, 40,000 undeveloped acres, and more than $100 million in income tax...

Imperial Chemical Industries plc. (businesses sold to Union Carbide) (Brief Article)
January 30, 1995... Imperial Chemical Industries plc, London, sold certain ethylene oxide derivatives businesses, including ethylene glycol, glycol ethers and acetates, ethanolamines, 'and brake fluid businesses, to Union Carbide Corp. ICI's ethylene oxide and...

Texaco Exploration & Production Inc. (assets sold) (Brief Article)
January 30, 1995... Texaco Exploration & Production Inc. sold interests in 22 West Texas oil and gas leases with 182 wells producing a combined 949 b/d of oil and more than 1.1 MMcfd of gas to four independent producers for a total $18,5 million. The biggest...

Triton Energy Corp. (capital spending budget) (Brief Article)
January 30, 1995... Triton Energy Corp., Dallas, budgeted capital spending of $175 million in 1995, up from $140 million in 1994. The budget includes $100 million for Triton's share of development costs in Colombia's Cusiana and Cupiagua fields and $29 million for...

Singapore Cleanseas. (contract let to SGN Services and Keppel Engineering) (Brief Article)
January 30, 1995... Singapore Cleanseas let a combined $15 million contract to SGN Services Pte. Ltd. and Keppel Engineering Pte. Ltd. for a 30,000 ton/year plant to process sludge from the cleaning of oil tankers. The unit, on the island of Pulau Sebarok off...

MESA Inc. (to sell gas leases) (Brief Article)
January 30, 1995... MESA Inc., Dallas, plans to sell its Kansas Hugoton gas field leases. It asked a group of companies, which showed interest in acquiring the assets, to review field data.

Chevron Corp. (Chevron Overseas Congo increases Congo participation) (Brief Article)
January 30, 1995... Chevron Corp. unit Chevron Overseas (Congo) Ltd. acquired an additional 7.5% interest in the N'Kossa exploitation permit and the Haute Mer license off Congo, increasing its participation in the blocks to 30%.

Finland's. (Neste Production contract with Kvaerner Masa-Yards) (Brief Article)
January 30, 1995... Finland's Neste Production Ltd. let a 65 million markka ($13.65 million) contract to Kvaerner Masa-Yards Inc. to install a bow loading system on Neste's 91,000 dwt tanker MT Futura. Installation will take place at Kvaerner's Turku, Finland,...

Lasmo plc. (sells oil interest to Minora Resources) (Brief Article)
January 30, 1995... Lasmo plc, London, agreed to sell its 18.75% interest in the Kakap production sharing contract (PSC) in Indonesia's West Natuna Sea for $29.5 million cash to Minora Resources NL. The PSC holds two oil fields, and two more there are due to...

British Gas plc's. (Tunisian test wells) (Brief Article)
January 30, 1995... British Gas plc's 2 Hasdrubal appraisal well on its Amilcar permit off Tunisia flowed 1,400 b/d of condensate and 20 MMcfd of gas on test. The well was drilled by the J.T. Angel jack up in 60 m of water to appraise a 1975 Sofratep discovery...

Amerada Hess Ltd. (contract let to Stena Drilling) (Brief Article)
January 30, 1995... Amerada Hess Ltd. let contract to Stena Drilling Ltd., Aberdeen, for use of its Dyvi Stena semisubmersible rig to drill west of the Shetland and Orkney areas off the U.K. this year. Amerada Hess plans to participate in seven to 12 wells,...

Norway's. (Statoil contract let to Transocean Drilling) (Brief Article)
January 30, 1995... Norway's '7 Den norske stats oljeselskap AS let a 115 million kroner ($17.25 million) contract to Transocean Drilling AS, Tananger, Norway, for charter of the Ross isle semisubmersible rig. The 8 month charter will start in May.

U.S. Department of Energy. (contract let to Gaviota Maintenance Services) (Brief Article)
January 30, 1995... U.S. Department of Energy let a $5.9 million, 2 year contract to Gaviota Maintenance Services inc., Ventura, Calif., to conduct maintenance and repairs at the Elk Hills Naval Petroleum Reserve in Kern County, Calif.

Anadarko Petroleum Corp. (well production) (Brief Article)
January 30, 1995... Anadarko Petroleum Corp., Houston, and partners began producing a total of 1,700 b/d of oil and 2.8 MMcfd of gas from two wells on High island Block A376 in the Gulf of Mexico, marking fast track development of a 1992 discovery delineated in...

Kerr-McGee Corp. (refinery sales) (Brief Article)
January 30, 1995... Kerr-McGee Corp., Oklahoma City, agreed to sell its 190,000 b/cd Corpus Christi refinery to Koch Refining Co., Wichita, and its 7,800 b/cd Cotton Valley, La., refinery to Calumet Lubricants Co., Princeton, La. It also agreed to sell Cato Oil &...

Colombia's. (Ecopetrol environmental program) (Brief Article)
January 30, 1995... Columbia's Ecopetrol launched environmental rehabilitation plans that include cleanup at the 173,000 b/cd Barrancabermeja and 70,000 b/cd Cartagena refineries. It soon will begin cleanup of Barrancabermeja's Marsh 6, which has been a plant'...

Yukong Ltd. (lubricant process licensed) (Brief Article)
January 30, 1995... Yukong Ltd., Seoul, signed a colicensing agreement with Raytheon Engineering & Constructors Inc., Lexington, Mass., granting Raytheon exclusive right to license Yukong's UCO lubricant process to third parties. The process produces high...

Petro-Canada. (plant expansion) (Brief Article)
January 30, 1995... Petro-Canada chose Chevron Corp.'s Isodewaxing and Lube Hydrofinishing technologies for a major expansion of its 4,000 bid Mississauce, Ont., lubricants plant, Petro-Oanada plans to double capacity there through a $100 million (U.S.)...

Diamond Shamrock Refining and Marketing Inc. (contract let to TPA Inc.) (Brief Article)
January 30, 1995... Diamond Shamrock Refining & Marketing Inc., San Antonio, let contract to TPA Inc., Dallas, to engineer, procure, and build a 50 ton/day sulfur recovery unit and a 50 ton/day Resulf tail gas treating unit at its 70,000 b/cd Three Rivers, Tex.,...

Russia's. (Tyumen region to establish oil company) (Brief Article)
January 30, 1995... Russia's Tyumen region plans to establish its own oil company soon. It will consist of four producing enterprises, the Tobolsk petrochemical plant, and the 361,479 b/cd Ryazan refinery. The group of producers produced 183 million bbl of oil...

Mobil Corp. (entering Ecuador) (Brief Article)
January 30, 1995... Mobil Corp. plans to enter Ecuador's fuels marketing business via Mobil Oil Ecuador SA, which will begin retail sales through Mobil branded, independent service station dealers. Mobil plans to develop station sites and projects, selling fuels...

Economic growth, low prices to lift U.S. oil and gas demand in 1995. (Industry Overview)
January 30, 1995... Continuing U.S. economic growth coupled with low energy prices will stimulate demand for petroleum and natural gas in 1995. Although the economic growth rate may slip from that of 1994, it will remain high enough to require further gains in...

Demand key factor in worldwide crude prices and drilling.
January 30, 1995... The global demand surge that rescued world crude oil prices in 1994 will continue through 1995 and at least sustain, if not increase, worldwide drilling activity. Although average world crude oil prices at the end of 1994 were somewhat...

Drilling performances of 1994 to repeat in 1995 in U.S. and Canada.
January 30, 1995... The years 1995 and 1994 may turn out to be nearly carbon copies in terms of the number of wells to be drilled in the U.S..and Canada. OGJ estimates that operators will drill only 3.6% more wells in the U.S. this year than they did in 1994. The...

Microbes safely, effectively bioremediate oil field pits.
January 30, 1995... Natural and augmented bioremediation provides a safe, environmental, fast, and effective solution for removing hydrocarbon stains from soil. At Amoco Production Co. in northwest New Mexico, various processes have been proven at more than 600...

Unslotted gauge wells cause tank-level measurement errors.
January 30, 1995... Some local regulatory agencies are passing new, stricter environmental rules that may call for replacing slotted gauge wells in petroleum storage tanks with unslotted gauge wells. Given this trend, it is important for refiners and storage...

Another Mobile block production facility nears completion. (Brief Article)
January 30, 1995... Unocal Corp. expects gas production from its Norphlet gas project in the Gulf of Mexico Mobile Block 916 to start in the first quarter of 1995. Enercon Engineering Inc., Houston, provided the engineering and procurement for the production...

Pipeline treats hydrotest water on site with carbon adsorption. (Buckeye Pipeline Company L.P.)
January 30, 1995... During 1993-94, Buckeye Pipeline Co. L.P., Emmaus, Pa., used an activated carbon-adsorption system to make pipeline-hydrotest water acceptable for surface discharge. The technology, supplied by Calgon Carbon Corp., Pittsburgh, brought water...

Modified wire line tools improve open hole logging operations. (Deepwater Drilling Tools, part 2)
January 30, 1995... Specially developed tools and modified conventional oil field wire line equipment have made running open hole logs easier and more practical. Open hole logging is an important element in Ocean Drilling Program (ODP) scientific...

Products pipeline extension commissioned in Kenya. (Brief Article)
January 30, 1995... Commissioning occurred in early 1994 on a 277-mile extension of a petroleum products pipeline in Kenya. The new 6-8 in. line runs from Nairobi to Eldoret (202 miles) with a 75 mile, 6-in. branch to Kisumu. The existing line runs from Mombasa...

Iroquois Gas starts up second compressor station. (Iroquois Gas Transmission System) (Brief Article)
January 30, 1995... Iroquois Gas Transmission System in December started up its second compressor station, near Grogban, N.Y. The 6,960-hp station supplies 55 MMcfd to Selkirk II Cogeneration Partners' 252mw cogeneration plant in Bethlehem, N.Y. The plant was...

Promise seen in Petrel sub-basin off northwestern Australia.
January 30, 1995... The Australian government during the past 11 years has been regularly releasing vacant areas on the Australian continental shelf for exploration. Although Australia's offshore basins cover an area of 12 million sq km, only about 1,100...

North Dakota operators push exploration for Lodgepole oil. (Duncan Energy Co.; Mississippi) (Brief Article)
January 30, 1995... Duncan Energy Co., Denver, has found more Mississippian Lodgepole oil production along the south flank of Dickinson field of Stark County. The 1 Knopik, in 11-139n97w, flowed at a restricted average rate of 1,600 b/d of oil plus 1 MMcfd of...

EIA: Technology will rein oil, gas prices. (U.S. Energy Information Administration) (Brief Article)
January 30, 1995... The U.S. Energy Information administration predicts improved production technology will push future oil and gas prices lower than previously forecast. ElA Administrator Jay Hakes said, "EIA projects faster penetration over the next 15 years...

South African development eyed. (offshore oil industry) (Brief Article)
January 30, 1995... A combine of Soekor (Pty.) Ltd. 80% and Engen 20%, both of South Africa, has signed a letter of intent calling for Oceaneering International Inc., Houston, to develop and produce E-BT oil field and nearby discoveries off South Africa....

Adrian Lajous Vargas. (new director general of Petroleos Mexicanos) (Personals) (Brief Article)
January 30, 1995... Adrian Lajous Vargas has been named new director general of Petroleos Mexicanos (Pemex). He succeeds Carlos Riuz Sacristan, who has been appointed secretary of transport and communication.

Lewis T. Jester III. (becomes president and chief executive officer of Plantation Pipe Line Co.) (Personals) (Brief Article)
January 30, 1995... Lewis T. Jester III has been elected president and chief executive officer of Plantation Pipe Line Co., Atlanta. He succeeds J. Conley stone, who will retire. Jester worked previously as northwestern business unit manager for Chevron Pipe...

Tyrone J. Fairbanks. (chief executive office of Fortune Petroleum) (Personals) (Brief Article)
January 30, 1995... Tyrone J. Fairbanks has been appointed chief executive officer of Fortune Petroleum Corp., Agoura Hills, Calif. Fairbanks will continue to serve as president and chief financial officer.

Steven H. Mikel. (president and chief executive officer of Southern Mineral) (Personals) (Brief Article)
January 30, 1995... Steven H. Mikel has been named president and chief executive officer of Southern Mineral Corp., Houston. He succeeds Phinn W. Townsend, who will retire. Mikel was co-founder and managing director of Resource Investors Management Co.

Dennis R. Hendrix. (chairman of Texas Eastern Products Pipeline Co.) (Personals) (Brief Article)
January 30, 1995... Dennis R. Hendrix has been named chairman of Texas Eastern Products Pipeline Co. Hendrix is chairman and chief executive officer of Teppco's parent company, Panhandle Eastern Corp. He succeeds Clifford W. Rackley.

In 1994, for the first time in history, more than half the oil used in the U.S. in a given tear was imported. (Brief Article)
January 23, 1995... In 1994. for the first time in history, more than half the oil used in the U.S. in a given year was imported. The total volume of oil imported into the U.S. also set a record, API said. It estimates the U.S. imported 8,894,000 b/d of crude...

The Clinton administration will continue to fight the concept of tough cost benefit analysis for new regulations. (Brief Article)
January 23, 1995... The Clinton administration will continue to fight the concept of tougher cost/benefit analysis for new regulations embodied in proposals by the new Republican majority in the U.S. Congress, says EPA Administrator Carol Browner. Browner contends...

EPA has postponed compliance with reformulated gasoline rules (RFG) for 39 counties in New York, Pennsylvania, and Maine until July 1. (1995) (Brief Article)
January 23, 1995... EPA has postponed compliance with reformulated gasoline rules (RFG) for 39 .Counties in New York, Pennsylvania, and Maine until July 1. The counties had sought to opt out of the RFG program the three states had chosen to support. EPA gave no...

Look for U.S. natural gas producers to continue to shut in wells and reevaluate 1995 gas related E&D spending plans. (Brief Article)
January 23, 1995... Look for U.S. natural gas producers to continue to shut in wells and reevaluate 1995 gas related E&D spending plans. That's the outlook from Merrill Lynch, citing continuing deterioration of gas price expectations with U.S. gas storage levels...

Growth in U.S. demand for Canadian gas continues to surge. (Brief Article)
January 23, 1995... Growth in U.S. demand for Canadian gas continues to surge. NOVA's Alberta gas pipeline delivered record volumes for the eighth year in a row in 1994. NOVA Gas Transmission Ltd. (NGTL) shipped a little less than 4.1 tcf in 1994, up 8.5% from...

Natural gas, mainly imported LNG, will dominate growth in Japan's energy sector through 2010. (Brief Article)
January 23, 1995... Natural gas, mainly imported LNG, will dominate growth in Japan's energy sector through 2010. A new MITI study, providing the first long term energy outlook in 4 years, projects slower growth for energy overall but accelerated growth in natural...

A U.K. independent's plans to drill a wildcat on the grounds of Windsor Castle. (approved) (Brief Article)
January 23, 1995... A U.K. independent's plans to drill a wildcat on the grounds of Windsor Castle, sometime residence of Britain's royal family, have received final approval from local officials. Canuk Exploration Ltd., Gerard's Cross, U.K., will spud the well in...

Statoil at yearend 1994 made what may prove to be its most promising hydrocarbon find of the year. (Brief Article)
January 23, 1995... Statoil at yearend 1994 made what may prove to be its most promising hydrocarbon find of the year. Its 6204/11-1 wildcat, drilled in the southernmost Norwegian Sea, found Cretaceous oil and Jurassic oil and gas. Tot Fjaeran, Statoil...

Partners in the Caspian Pipeline Consortium (CPC) have agreed to start laying the first leg of the pipeline project to export crude from Russia and Kazakhstan. (Brief Article)
January 23, 1995... Partners in the Caspian Pipeline Consortium (CPC) have agreed to start laying the first leg of the pipeline project to export crude from Russia and Kazakhstan. Oman, Russia, and Kazakhstan signed a protocol Jan. 11 in Almaty calling for a 155...

Is Iran enlisting more foreign investment in its quest to bolster its petroleum sector? (Brief Article)
January 23, 1995... Is Iran enlisting more foreign investment in its quest to bolster its petroleum sector? Royal Dutch/Shell is negotiating with Iran to develop the 100 tcf South Pars gas field in the Persian Gulf, according to industry sources attending a...