The Oil and Gas Journal articles from July 1992

The Oil and Gas Journal archives from July 1992

Baker Hughes rig count. (oil well drilling rig) (Brief Article)
July 27, 1992... There's some good news from the otherwise dismal U.S. oil scene. The Baker Hughes rig count climbed to 689 the week ended July 19, a 22 unit jump from the prior week, which had seen a 19 unit increase. That's the highest tally since...

And second quarter wasn't too bad for some companies reporting financial results. (oil companies) (Brief Article)
July 27, 1992... And second quarter wasn't too bad for some companies reporting financial results. Enron Oil & Gas saw net income spurt 100% from a year ago to $14.6 million. At the end of the quarter Enron had more than 215 MMcfd of tight sands gas...

KCS Energy's production of natural gas under an above-market price contract has increased 180% since January. (Brief Article)
July 27, 1992... KCS Energy's production of natural gas under an above-market price contract has increased 180% since January to 78 MMcfd. The Houston company's share of production from Bob West field in Starr and Zapata counties, Tex., is under contract...

Venezuela's Pdvsa has cut its 1992 budget by about $1 billion. (Petroleos de Venezuela S.A.) (Brief Article)
July 27, 1992... Venezuela's Pdvsa has cut its 1992 budget by about $1 billion. That breaks out to cuts of $530 million, to $4.5 billion, in capital spending and $485 million, to $4.3 billion, in operating outlays. Still, Pdvsa expects to maintain crude...

BP will lead a feasibility study of integrated development of four North Sea oil and gas fields and their satellites. (Brief Article)
July 27, 1992... BP will lead a feasibility study of integrated development of four North Sea oil and gas fields and their satellites. The [pounds]1.4 million ($2.69 million) study, known as the Eastern Trough Area Project (ETAP), involves total...

Conoco Norway predicts use of shuttle tankers to transport oil from Heidrun field in the Norwegian North Sea could save more than $100 million. (Brief Article)
July 27, 1992... Conoco Norway predicts use of shuttle tankers to transport oil from Heidrun field in the Norwegian North Sea could save more than $100 million during field life. By feeding oil directly into tankers via a continuously loading, revolving...

Oman has okayed its first offshore project.
July 27, 1992... Oman has okayed its first offshore project, approving International Petroleum Bukha Ltd.'s plan to bring Bukha field into full scale development. The $60 million project includes completing two of three wells and bringing production to...

Mitsubishi Petrochemical Co. plans to slash production of low density polyethylene by as much as 40%. (Brief Article)
July 27, 1992... Mitsubishi Petrochemical Co. plans to slash production of low density polyethylene by a much as 40% in August-September in response to a market slump. Plans are to cut polypropylene production 20% and step up its ethylene production cut to...

Pemex plans construction of a 350,000 metric ton/year polymer and chemical grade polypropylene plant. (in Coatzacoalcos, Veracruz, Mexico) (Brief Article)
July 27, 1992... Pemex plans construction of a 350,000 metric ton/year polymer and chemical grade polypropylene plant at the Morelos petrochemical complex in Coatzacoalcos, Veracruz, to be complete in mid-1993.

Pakistan continues to pursue expansion of petroleum ventures with war-torn Afghanistan. (Brief Article)
July 27, 1992... Pakistan continues to pursue expansion of petroleum ventures with war-torn Afghanistan. Karachi wants a proposed joint ministerial commission to study short and long term agreements. The new Mujahadeen government in Kabul has asked for...

Indonesia and Malaysia have agreed to supply Taiwan with an additional 3 million metric tons/year. (liquefied natural gas) (Brief Article)
July 27, 1992... Indonesia and Malaysia have agreed to supply Taiwan with an additional 3 million metric tons/year of LNG (see related story, p. 52). Indonesia, currently exporting 1.5 million tons/year to Taiwan, will jump that by 750,000 tons/year....

Answering surveys helps your business.
July 27, 1992... It shouldn't surprise us, business conditions being what they are. Layoffs by the thousands alter the perspectives of workers lucky enough to keep their jobs--and to absorb those of former colleagues. They deprive corporate survivors of...

Rate issue must not stall FERC gas order. (Federal Energy Regulatory Commission Order 636) (Editorial)
July 27, 1992... Imperfect though it may be, Federal Energy Regulatory Commission Order 636 seeks changes essential to the health and growth of natural gas markets. It must not fall victim to ill-informed consumerism. Congressmen are reacting with alarm...

Large petroleum firms outside North America post mixed results in 1991.
July 27, 1992... Financial results for a sample of large private and public sector petroleum companies outside North America were mixed in 1991. In general, state oil companies fared better. Venezuela's Petroleos de Venezuela SA (Pdvsa) estimated 1991...

Industry adjusts 1992 E&P budgets. (exploration and production)
July 27, 1992... A midyear update of Salomon Bros.' survey of the petroleum industry's 1992 exploration and production budgets pinpoints the ways operators are adjusting outlays to match the times. The New York financial firm's latest tally shows: *...

Tanker owners cope with OPA, but.... (Oil Pollution Act; includes related article about possible effect on tanker industry)
July 27, 1992... The Petroleum Industry Research Foundation Inc. (Pirinc), New York, reports the world tanker industry is learning to live with tough provisions of the U.S.'s Oil Pollution Act (OPA) of 1990. But serious problems lie over the horizon. ...

Shell opens Houston service station/superstore. (Shell Oil Co.) (Brief Article)
July 27, 1992... Shell Oil Co. has opened the largest major company modular service station/convenience store in the U.S. Shell's "Experience the Difference" (ETD) franchise format offers a package of services not typically available in an oil company...

Chevron U.S.A. Inc. (pleads guilty in federal anti-pollution case) (Brief Article)
July 27, 1992... Chevron U.S.A. Inc. pleaded guilty to violations of federal antipollution rules in 1982-87 by dumping oil, grease, and other waste in federal waters off California and agreed to pay an $8 million fine. The violations occurred near one of...

Rhone-Poulenc SA. (joint venture) (Brief Article)
July 27, 1992... Rhone-Poulenc SA and British Gas plc formed Rhone-Poulenc Energy Ltd., a combined heat and power (CHP) supply company to serve as much as one third of Rhone-Poulenc's 30 U.K. chemical manufacturing sites. BG will buy and install CHP plants...

Bechtel Power Corp. (contract) (Brief Article)
July 27, 1992... Bechtel Power Corp. intends to award a $45 million contract to Foster Wheeler Corp., Clinton, N.J., for a 225,000 kw pulverized coal fired steam generator for use at the Keystone cogeneration plant in Logan Township, N.J. Part of the...

Kyokuto Petroleum Industries. (cogeneration plant placed on line at Chiba, Japan refinery) (Brief Article)
July 27, 1992... Kyokuto Petroleum Industries, a joint venture of Mobil Corp. and Mitsui Oil & Gas Co. Ltd., put on stream a 15,000 kw cogeneration plant at its 125,000 b/d Chiba refinery on Tokyo Bay. The plant is expected to cut refinery energy costs by...

Petroleos de Venezuela SA. (contract) (Brief Article)
July 27, 1992... Petroleos de Venezuela SA let 20 year contracts to Lingoteras de Venezuela CA to reactivate 16 oil fields in the Unit 6 and Unit 8 contract areas (OGJ, June 29, p. 40). Lingoteras will work over, recomplete, and drill 500 wells, design and...

Petromar SA. (contract) (Brief Article)
July 27, 1992... Petromar SA let a 2 year, $2.7 million workover contract to Petrex SA, a Peruvian affiliate of Saipem AG, Zurich, for slant drilling from its platforms off Peru's northern coast. Cardueol K-250 rig is to begin work in mid-August. If...

BP Exploration. (North Sea Block equity exchange) (Brief Article)
July 27, 1992... BP Exploration agreed to exchange its equity in southern North Sea Blocks 43/19, 44/21, and 49/4a for Lasmo plc's interests in eastern trough Blocks 22/25a, 23/22a, and 23/27 in the Central North Sea.

U.S. Department of Energy. (contract) (Brief Article)
July 27, 1992... U.S. Department of Energy chose a Fluor Daniel Inc. unit to operate the Teapot Dome Naval Petroleum Reserve near Casper, Wyo., and federal oil shale reserves in Colorado and Utah. Teapot Dome field produces 2,000 b/d. FD Services, Tulsa,...

Conoco Norway Inc. (contracts) (Brief Article)
July 27, 1992... Conoco Norway Inc. let contracts worth 37 million kroner ($6.2 million) to Kvaerner AS to supply process equipment for the Heidrun tension leg platform. The project includes water decontamination, injection water deoxygenation, and a nitrogen...

Hughes Christensen Co. (antitrust case) (Brief Article)
July 27, 1992... Hughes Christensen Co., a unit of Baker Hughes Inc., Houston, agreed to pay a $1 million fine for alleged violation of the Sherman Antitrust Act in spring 1989. An information filed in U.S. district court in Houston charged Hughes...

China Petrochemical International Co. (contract) (Brief Article)
July 27, 1992... China Petrochemical International Co. let contract to a group including JGC Corp., Marubeni Corp., Mitsubishi Corp., all of Japan, and Stone & Webster Engineering Corp., Boston, for a grassroots 300,000 metric ton/year ethylene plant at...

Ranger Oil Ltd. (acquisition) (Brief Article)
July 27, 1992... Ranger Oil Ltd., Calgary, plans to buy oil and gas assets of MLC Oil & Gas Ltd., Calgary, for $68.3 million (Canadian). The purchase will increase Ranger's liquids production to about 4,900 b/d from 2,600 b/d. Natural gas production will...

Marathon Oil Co. (layoffs) (Brief Article)
July 27, 1992... Marathon Oil Co. is eliminating another 100 jobs at locations throughout the company following a voluntary early retirement program that was accepted by 351 employees (OGJ, Mar. 30, Newsletter). Most of the jobs are in exploration and...

Shell Canada Ltd. (Shellburn refinery production conversion) (Brief Article)
July 27, 1992... Shell Canada Ltd. plans to convert its 24,000 b/d Shellburn refinery at Burnaby, B.C., to a product finishing and terminaling operation. The company has a tentative agreement with Chevron Canada Ltd. in which Chevron will provide blending...

Mexico's. (pollution control equipment investment by Petroleos Mexicanos) (Brief Article)
July 27, 1992... Mexico's Petroleos Mexicanos plans to invest about $26.2 million in pollution control equipment at its 195,000 b/d Madero refinery. Mexico's news agency Notimex reported the project includes two wastewater treatment plants to eliminate...

DeepTech International Inc. (acquisition) (Brief Article)
July 27, 1992... DeepTech International Inc., Houston, completed the purchase of interests in certain gas gathering and related facilities from Transco Energy Co., Houston, for $65 million (OGJ, June 15, p. 18).

Amoco Ireland Exploration Co. (joint oil exploration with Marathon Petroleum Ireland Ltd.) (Brief Article)
July 27, 1992... Amoco Ireland Exploration Co. agreed to join Marathon Petroleum Ireland Ltd. in an exploration program in the Celtic Sea off Ireland. Marathon holds interests in 52 blocks in the area and committed to drill seven wells as part of an...

Petroleos del Peru. (contract) (Brief Article)
July 27, 1992... Petroleos del Peru agreed to participate in a venture with Ribiani Inc. and Simon Petroleum Technology Corp., Houston, for an 18 month, 10,000 line km seismic survey off Peru between Bayovar on the north coast and Concordia to the south with...

Anadarko Petroleum Corp. (finance) (Brief Article)
July 27, 1992... Anadarko Petroleum Corp., Houston, said its second quarter 1992 financial results will include a $15 million pretax provision for unsuccessful international exploration. The charge will reduce net income for the quarter by about $10 million.

Australia. (offshore oil and gas leases) (Brief Article)
July 27, 1992... Australia listed successful bidders for six offshore exploration areas offered in November 1991 as Ansbachall Pty Ltd. for Block T91-3 in the Otway basin, Ampolex Ltd. W91-14, Shell Development (Australia) Pty. Ltd. W91-15, BHP Petroleum...

Namibia. (Ranger Oil and Hardy Oil and Gas win oil exploration license) (Brief Article)
July 27, 1992... Namibia awarded an exploration license to Ranger Oil and Hardy Oil & Gas plc, London, off Namibia about 30 km northwest of Walvis Bay, an area claimed by South Africa and Namibia, Xinhua News Agency reported. Ranger said the pair plans to...

Energy bill mired in Senate procedures. (Brief Article) (Column)
July 27, 1992... Omnibus energy legislation remained so solidly stuck in Senate procedures last week that observers began to ask whether the bill was mired in quicksand. The Senate needs to send the bill to a conference committee with the House, but...

OTA cites benefits for environment in old auto scrapping. (Office of Technology Assessment) (Brief Article)
July 27, 1992... Scrapping old, high emission automobiles could be a feasible way to reduce urban air pollution in the U.S., says the congressional Office of Technology Assessment. OTA, in a study for Congress, said older vehicles produce a...

Drewry: gas share of world energy to increase. (Drewry Shipping Consultants forecast)
July 27, 1992... Gas could well account for 25-30% of world primary energy supply by 2010, predicts Drewry Shipping Consultants Ltd., London. Since 1980, when gas met 19% of world energy demand, gas has captured market share from coal and oil, reaching...

Reserves hike to buoy Bontang LNG. (Indonesia; liquefied natural gas; includes other industry news)
July 27, 1992... A redetermination of reserves in an Indonesian production sharing contract (PSC) will boost liquefied natural gas sales for an Indonesian joint venture (IJV) of Lasmo plc, Union Texas (South East Asia) Inc., Chinese Petroleum Corp. (CPC), and...

Corpus Christi refinery due new units. (Valero Energy Corp. refinery) (Brief Article)
July 27, 1992... Directors of Valero Energy Corp., San Antonio, have approved three capital projects totaling about $77 million in a clean fuels program at its 27,000 b/cd Corpus Christi refinery. Scheduled are construction of a methyl tertiary butyl...

Russia vows to end oil export tax.
July 27, 1992... Russia will eliminate its oil export tax by 1994 and until then will allow some exemptions, Russian officials have assured a group of U.S. tax specialists. "They stopped short of saying it would be repealed by the end of the year," said...

Putting a price on sulfur curbs. (Column) (Brief Article)
July 27, 1992... The oil industry accounts for about 47% of sulfur dioxide emissions in Europe. If no reductions were achieved beyond present plans, industry's share would increase to more than 70%. Those figures, produced by the European Commission,...

Scottish agency outlines SE Asia equipment demand. (Scottish Enterprise) (Brief Article)
July 27, 1992... Southeast Asia is likely to be one of the world's biggest importers of oil and gas equipment during the next decade, says Scottish Enterprise, Scotland's government economic development body. In a report on oil and gas opportunities, the...

Oil market strengthening in the second half of 1992.
July 27, 1992... The economy and events in the Middle East continue to drive the oil market. Saudi Arabia's decision in March to reduce crude oil output boosted prices by about $3/bbl and may have signaled a significant change in the kingdom's price...

Global oil market has little spare production capacity.
July 27, 1992... Spare production capacity has become sparse in the world oil market. The U.S. Central Intelligence Agency estimates that production capacities of members of the Organization of Petroleum Exporting Countries total 22.94 million b/d,...

Method aids calculation of PHPA depletion rates. (partially hydrolyzed polyacrylamide)
July 27, 1992... A series of tests comparing partially hydrolyzed polyacrylamide (PHPA) concentration amounts has helped determine a new method for monitoring the depletion rate of the inhibitor in drilling fluids. Being able to monitor actual excess...

MTBE movements between Texas Gulf Coast plants to be enhanced. (methyl tertiary butyl ether)
July 27, 1992... Texas Eastern Products Pipeline Co. (Teppco), Houston, has begun construction of its "shuttle" pipeline, a 10-mile, 6 and 8-in. line to move methyl tertiary butyl ether (MTBE) between producers and refiners along the Houston Ship Channel...

Cleaning up gasoline will increase refinery hydrogen demand.
July 27, 1992... Hydrogen needs will increase two to five times as the world turns its attention to cleaning up engine exhaust, says Anthony J. Nagy of Muse, Stancil & Co., Dallas. Nagy addressed the subject of fuel trends and hydrogen needs at Foster...

Halliburton Reservoir Services (HRS). (merger) (Brief Article)
July 27, 1992... Halliburton Reservoir Services [HRS], Houston, Tex., has announced the merging of GeoConsultants (a subsidiary of Halliburton-Geodata, Aberdeen) and the Halliburton Reservoir Description Services (HRDS) division of Houston based HRS. The new...

GH-Bettis, a Galveston-Houston Company. (ISO 9001 international quality standard certification received from the International Organization of Standardization) (Brief Article)
July 27, 1992... GH-Bettis, A Galveston-Houston Company, has announced that it has received the certification of its full compliance with the ISO 9001 international quality standard. The standard, developed by the International Organization of...

Sperry-Sun Drilling Services. (personnel selection) (Brief Article)
July 27, 1992... Sperry-Sun Drilling Services, a subsidiary of Baroid Corp., has named Jeffrey B. Karfunkle vice president of business development for Sperry-Sun. Karfunkle will be responsible for applications management, business analysis, marketing,...

Total outlines world exploration, production challenges, approaches. (Total Exploration Production) (Transcript)
July 27, 1992... From an address at the leadoff session of the European Association of Exploration Geophysicists/European Association of Petroleum Geoscientists convention June 2, 1992, in Paris. The author is Bernard C. Duval, senior vice-president...

POSC attracts computer technology from 29 companies. (Petrotechnical Open Software Corp.) (Brief Article)
July 27, 1992... Twenty nine organizations have submitted computer technology to Petrotechnical Open Software Corp., Houston, for an application programming interface to deliver data management services. The 29 entities included exploration and production...

Turkmenistan tests 'encouraging' oil strike.
July 27, 1992... Another former Soviet central Asian republic has reported a highly encouraging oil strike that provides hope for halting or even reversing a long decline in its oil production. Turkmenistan reported it completed a well flowing more than...

Lagoven finishers seismic program in E. Venezuela.
July 27, 1992... Lagoven, a subsidiary of Petroleos de Venezuela (Pdvsa), has completed the first stage of an exploration program in a swampy region of eastern Venezuela. A seismic survey, carried out between the city of Maturin and the Gulf of Paria,...

Clark Johnson. (Personals) (Brief Article)
July 27, 1992... Clark Johnson was elected president and chief executive officer of Frontier Oil Corp., Houston. He was senior vice-president of marketing, supply and terminals, with Kerr-McGee Refining Corp. Before that, Johnson was with Tenneco Oil Co....

Ronald G. Spence. (Personals) (Brief Article)
July 27, 1992... Ronald G. Spence was named president and chief operating officer of Duncan Energy Co., Denver. He joined the company in 1991 as executive vice-president, oil and gas operations. Before that Spence served as president and chief executive...

Glenn Blumstein. (along with Jimmy D. Sparks formed GLB Exploration) (Personals)
July 27, 1992... Glenn Blumstein, president, petroleum geologist, and Jimmy D. Sparks, vice-president, landman, have formed GLB Exploration Inc. in Oklahoma City. The company will operate oil and gas properties in Oklahoma and Texas. Blumstein and Sparks...

First nonexclusive geophysical survey off Viet Nam. (Nopec gains contract with Petrovietnam) (Brief Article)
July 20, 1992... Norway's Nopec has agreed with Petrovietnam to conduct the first nonexclusive geophysical survey off Viet Nam. The survey will cover shallow to deep water acreage south of 14[degrees] N. Lat. and east of 106[degrees] 20 E. Long. It will be...

Algeria's open door oil and gas policy will be maintained. (Brief Article)
July 20, 1992... Algeria's open door oil and gas policy will be maintained despite the assassination of head of state Mohamed Boudiaf and resignation of Prime Minister Sid Ahmed Ghozali. The new prime minister, Belaid Abdesselam, is an enthusiastic supporter...

175 MMcfd of natural gas for 20 years to Nigeria LNG Ltd. (supply contract by Phillips Oil Co. Nigeria Ltd.) (Brief Article)
July 20, 1992... Phillips Oil Co. Nigeria Ltd. agreed to supply 175 MMcfd of natural gas for 20 years to Nigeria LNG Ltd. for a proposed plant in Rivers state of Southeast Nigeria. The gas reserves are jointly held by Nigerian National Petroleum Corp. 60%,...

Fiscal reforms approved by the Mexican legislature have opened the door to private gasoline imports. (Brief Article)
July 20, 1992... Notimex Mexican News Service reports fiscal reforms approved by the Mexican legislature have opened the door to private gasoline imports for the first time in more than 50 years. The reforms allow Mexican nationals and foreign concerns to...

Mexico and the U.S. ordered trade negotiators to meet again. (Brief Article)
July 20, 1992... Mexico and the U.S. ordered trade negotiators to meet again July 25 in an effort to resolve remaining issues regarding Nafta. Negotiators recently reached an agreement that would allow U.S. and Canadian firms to operate in the Mexican...

Sales of Alberta natural gas continued to increase at a record pace. (Brief Article)
July 20, 1992... Sales of Alberta natural gas continued to increase at a record pace in first half 1992, driven mainly by low prices and strong U.S. demand. Nova Corp. reports it transported 1.7 tcf of gas through its Alberta system the first 6 months, a...

U.S. integrated oil companies will post a 1.1% increase in composite earnings. (Merrill Lynch and Company forecasts) (Brief Article)
July 20, 1992... Merrill Lynch estimates U.S. integrated oil companies will post a 1.1% increase in composite earnings for second quarter 1992 totaling $703.3 million on a reported basis. It predicts adjusted earnings will be down 7% from second quarter...

Iraq has rejected a United Nations plan to allow it to sell $1.6 billion in oil. (Brief Article)
July 20, 1992... Iraq has rejected a United Nations plan to allow it to sell $1.6 billion in oil. Diplomats said Iraq refuses to let U.N. weapons inspectors search the Ministry of Agriculture in Baghdad for documents on Iraqi ballistic missile programs....

OPEC production increased to about 23.73 million b/d in June. (Brief Article)
July 20, 1992... OPEC production increased to about 23.73 million b/d in June from 23.69 million b/d in May, MEES reported. Estimated average spot price in June for OPEC oil was about $20.18/bbl, up $1.48/bbl from May's average price. MEES noted Iran's...

Oil production in Russia. (down in first half of 1992, compared to the same period in 1991) (Brief Article)
July 20, 1992... Oil production in Russia averaged 9.5 million b/d in the first half of this year, a 950,000 b/d slide from last year's first 6 months. Yuri Zlotnikov, a senior official in the Russian Fuel and Energy Ministry, told ITAR-Tass current...

Japan has offered to 'swiftly' extend technical aid to Russia. (Brief Article)
July 20, 1992... Japan has offered to "swiftly" extend technical aid to Russia and provide it a $1.8 billion export insurance credit line. That includes $1.4 billion in credits to be split evenly between Russia's oil and gas industries. Tokyo's Kyodo News...

The C.I.S. has run into more setbacks. (in maintaining operations of its integrated gas pipeline system; Commonwealth of Independent States) (Brief Article)
July 20, 1992... The C.I.S. has run into more setbacks in its effort to maintain reliable operation of an integrated gas pipeline system, regarded as essential to nationwide economic viability. In the republic of Moldova, where bloody clashes have...

A rupture closed a section of trunk line carrying Russian gas to Georgia and Armenia. (Brief Article)
July 20, 1992... Meanwhile, a rupture, apparently caused by sabotage, recently closed a section of trunk line carrying Russian gas to Georgia and Armenia. With gas deliveries from Azerbaijan already halted by ethnic strife, Armenia had counted on gas supplied...

Energy use central to economic hopes. (Group of Seven's energy policy) (Editorial)
July 20, 1992... "We pledge to adopt policies aimed at creating jobs and growth. We will seek to take the appropriate steps, recognizing our individual circumstances, to establish sound macroeconomic policies to spur stronger economic growth." Thank...

Singapore refiners in midst of huge construction campaign. (includes related articles on Asian-Pacific oil trade)
July 20, 1992... Singapore's downstream capacity continues to mushroom. Singapore refiners, upbeat about long term prospects for petroleum products demand in the Asia-Pacific region, are pressing plans to boost processing capacity. Their plans go...

U.S. oil production keeps slipping. (American Petroleum Institute report) (Brief Article)
July 20, 1992... First half 1992 U.S. oil production slid to its lowest point in 30 years, the American Petroleum Institute reports. Production averaged only 7.236 million b/d, down 3.3% from 7.485 million b/d in the same period a year ago and the lowest...

LNG scene: Qatar's export plans intensify; sale of Columbia's U.S. terminal in doubt. (liquefied natural gas)
July 20, 1992... Activity continues to percolate in Qutar's massive liquefied natural gas export program. In the latest development, France's Ste. Nationale Elf Aquitaine and Japan's Sumitomo Corp. agreed to promote development of Qatar's LNG export...

Study seeks to boost Appalachian gas recovery. (Brief Article)
July 20, 1992... Ashland Exploration Inc. and the Gas Research Institute (GRI) are trying to find ways to increase gas recovery in the Appalachian basin. They are working together to investigate Mississippian Berea sandstone and Devonian shale in a...

BHP plans $3.7 billion in 1990s upstream outlays. (BHP Petroleum Proprietary)
July 20, 1992... BHP Petroleum Pty. Ltd. (BHPP) plans to spend $3.7 billion (Australian) on oil and gas projects the next 7 years. The Melbourne company's spending plans for the rest of the decade are a means to move away from dependence on oil...

Energy no issue in White House race. (Brief article) (Column)
July 20, 1992... As the presidential election campaign heats up, it appears energy again will be a nonissue. Oil and gas prices are very low, and that's good politics. Never mind that drilling is at a nadir, production is plunging, and oil companies have...

Royal Dutch/Shell unit to start gas flow off Brazil. (Pecten do Brasil) (Brief Article)
July 20, 1992... Pecten do Brasil, a unit of the Royal Dutch/Shell Group, plans a September start-up of Merluza, the only natural gas field discovered off Brazil by a foreign operator. Plans call for initial production of 17.7 MMcfd from a single fixed...

Turkish firm strikes deal in Kazakhstan. (Birlesmis Muhendisler Burosu) (Brief Article)
July 20, 1992... Birlesmis Muhendisler Burosu (BMB), a privately owned Turkish company, has signed an $11.7 billion agreement covering oil field operations and construction of an electrical power plant in Kazakhstan. Agence France Presse quoted Ali Riza...

OPEC 1991 results reflect hard times.
July 20, 1992... Low crude oil prices and economic tough times in industrial countries caused a lean 1991 for members of the Organization of Petroleum Exporting Countries. OPEC's 1991 annual report said member countries reported an overall loss of $12...