The Oil and Gas Journal articles from July 2002

The Oil and Gas Journal archives from July 2002

Industry Scoreboard.(Brief Article)
July 29, 2002... US INDUSTRY SCOREBOARD -- 7/29 4 wk. 4 wk. avg. Change, Latest week 7/19 average year ago (1) % Demand 1,000 b/d Motor gasoline 9,570 8,916 7.3...

Triple threat could drive up energy prices, curtail economic growth. (Market Movement).(Brief Article)
July 29, 2002... The triple threat of political tensions in the Middle East and Latin America, dwindling US exploration for natural gas, and limited access to known low-cost reserves could drive up energy prices and curtail economic growth, warned an energy...

US Integrated Oil Companies. (Industry Trends).(Brief Article)
July 29, 2002... US INTEGRATED OIL COMPANIES' second quarter earnings are expected to be down 37% from the second quarter of 2001, reflecting weaker refining margins and lower oil and natural gas prices. But the sector is expected to demonstrate drastic...

France's Parliament. (Government Developments).(Brief Article)
July 29, 2002... FRANCE'S PARLIAMENT is trying to accelerate the authorization of a directive that would put the country's gas market in line with the 2-year-old gas liberalization process in the European Union. French Industry Minister Nicole Fontaine...

Outgoing Colombian President Andres Pastrana. (Government Developments).(Brief Article)
July 29, 2002... OUTGOING COLOMBIAN PRESIDENT Andres Pastrana, in a move to encourage hydrocarbon exploration in the country signed a measure that will significantly reduce the amount of royalties oil and gas companies will have to pay the state. Congress...

The Danish Energy Authority has granted to Dansk Olie & Naturgas AS (DONG). (Quick Takes).(Brief Article)
July 29, 2002... THE DANISH ENERGY AUTHORITY has granted to Dansk Olie & Naturgas AS (DONG) and other licensees of Nini and Cecilie oil fields in the Danish North Sea authority to develop those fields. Reserves in the two fields are estimated at 65 million...

Atwood Oceanics Inc. (Quick Takes).(Brief Article)
July 29, 2002... ATWOOD OCEANICS INC., Houston, has been awarded two new drilling contracts for its Atwood Southern Cross semisubmersible drilling rig. Oil Fields Ltd. (OFL) awarded Atwood a contract to drill a well off Israel. Work will begin in...

Apache Corp. (Quick Takes).(Brief Article)
July 29, 2002... APACHE CORP., Houston, made three more Egyptian discoveries in June and July, two of them on its 2.3 million acre Khalda concession in Egypt's Western Desert, Apache operates Khalda with a 100% contractor interest. Both the Tut 51 and...

Remington Oil & Gas Corp. (Quick Takes).(Brief Article)
July 29, 2002... In other exploration action, Remington Oil & Gas Corp., Dallas, and two other Texas-based independents made a natural gas discovery on West Cameron Block 347 in the Gulf of Mexico. The partners drilled the West Cameron No. 1 discovery well to...

Snohvit Operator and Norwegian state oil company Statoil. (Quick Takes).(Brief Article)
July 29, 2002... SNOHVIT OPERATOR and Norwegian state oil company Statoil, on behalf of the Snohvit gas field licensees, has awarded two contracts for development of the Snohvit gas liquefaction plant being built at Melkoya in northern Norway. The plant,...

Williams commissions Canyon Station platform.(Brief Article)
July 29, 2002... Williams Field Services, a unit of Williams Cos. Inc., Tulsa, has commissioned its 500 MMcfd Canyon Station production-handling platform 60 miles south of Mobile Bay, Ala. The fixed-leg platform stands in 300 ft of water on East Main Pass...

The US Federal Energy Regulatory Commission has approved Kern River Gas Transmission Co. (Quick Takes).(Brief Article)
July 29, 2002... THE US FEDERAL ENERGY REGULATORY COMMISSION has approved Kern River Gas Transmission Co.'s S1.2 billion pipeline expansion that will double capacity to western markets via a 71 6 mile extension through California, Nevada, Utah, and Wyoming by...

The US Department of Justice and the state of Delaware filed civil suits against Motiva Enterprises LLC. (Quick Takes).(Brief Article)
July 29, 2002... THE US DEPARTMENT OF JUSTICE and the state of Delaware filed civil suits against Motiva Enterprises LLC in connection with a fatal July 2001 tank explosion at Motiva's 144,000 b/d refinery in Delaware City, Del., and numerous other...

Letters.(Brief Article)
July 29, 2002... Effects on the climate In your editorial, July 8, 2002, P. 19, "Time to pick sides," I couldn't agree with you more that companies must actively tell the true story about fossil fuels and human activities' effects on the climate. I...

PV power. (Journally Speaking).(Brief Article)
July 29, 2002... Years ago this editor paid bills working a second job as a caretaker on a friend's horse ranch near Lake Conroe, Tex. As horse breeders know, the breeding and selling of horses is to be undertaken only by those with a love of the animal and...

Stock markets and energy. (Editorial).(Brief Article)
July 29, 2002... Stock markets never use much energy. Vigorous economies always do. Equity markets are wheezing while the US economy--however tentatively--purrs. Markets for company shares eventually will realign themselves with economic fundamentals. The...

Big growth ahead seen the Saudi gas utilization. (General Interest).
July 29, 2002... Saudi Arabia is one of the world's richest countries in hydrocarbon resources. Its overall economic stability and growth are heavily dependent on these resources. An ambitious plan is currently under way to restructure the economy. The...

Pipeline safety bill approved amid energy bill debate. (General Interest).(Brief Article)
July 29, 2002... On a 423-4 vote, the US House of Representatives last week decisively passed a compromise pipeline safety measure largely supported by industry, as House and Senate leaders continued negotiations on a much larger energy reform bill. ...

House passes measure designed to encourage California lease buyback.(Brief Article)
July 29, 2002... The US House of Representatives, on a 252-172 vote late July 17, approved a measure that seeks to prohibit new drilling activity on 36 undeveloped federal oil and gas leases off the California coast. "This is a 1-year insurance policy for...

Agencies seek to reassure senators on NSR policy shift. (General Interest).(Brief Article)
July 29, 2002... President George W. Bush's top environmental enforcers have sought to reassure skeptical senators of US Northeast states that they will still prosecute refiners and power generators that allegedly remodel or expand plants without installing...

Adding cabinets. (Watching Government).(Brief Article)
July 29, 2002... Congress this year may pass legislation creating two new cabinets, both of which the White House endorses in principle. Serious negotiations are under way for a cabinet-level Department of Homeland Security; a Department of Environmental...

US oil imports hit largest 6-month fall since early '90s. (General Interest).(Brief Article)(Statistical Data Included)
July 29, 2002... Due to a combination of increased domestic supplies and "exceptionally weak" demand, US petroleum imports fell more than 8% during the first half of this year--the largest 6-month decline in more than a decade--officials at the American...

Industry interest in Brazilian E&D seen waning. (General Interest).(oil and gas exploration and development)(Statistical Data Included)
July 29, 2002... The bloom seems to be off the rose for Brazil's exploration and development scene. That can be seen in the diminished interest shown by oil and gas companies in the fourth round of licensing for oil and gas exploration conducted last...

Petrobras to acquire control of Perez Companc. (Company News).(Petroleo Brasileiro SA acquisition)
July 29, 2002... Petroleo Brasileiro SA (Petrobras) announced an agreement in principle to acquire a controlling interest in Argentina's Perez Companc SA from the Perez Companc family and its foundation, for $1.18 billion. Like many other Argentine...

Pangea Petroleum names new president. (Personnel Moves and Promotions).(Mark Weller)(Brief Article)
July 29, 2002... Mark Weller has been named president of Houston-based independent Pangea Petroleum Corp., Houston. Weller, who has worked as a consultant for Pangea for the last 6 months, has over 30 years of experience in the energy industry. Most...

Blake C. Fleming. (Other Moves).(named VP and COO at Canadian 88 Energy Corp.)(Brief Article)
July 29, 2002... Blake C. Fleming has joined Canadian. 88 Energy Corp., Calgary, as senior vice-president and chief operating officer. Fleming comes to Canadian 88 with 23 years of experience in the Canadian upstream oil and gas industry. Most recently,...

Dave Hager. (Other Moves).(named vice-president, exploration and production, for Kerr-McGee Corp.)(Brief Article)
July 29, 2002... Dave Hager has been named vice-president, exploration and production, for Kerr-McGee Corp., Houston. Hager--who has worked for 21 years for Kerr-McGee--most recently served as vice-president, Gulf of Mexico and worldwide deepwater E&P, for...

Paul H. Barry. (Other Moves).(named vice-president, mergers and acquisitions at Duke Energy)(Brief Article)
July 29, 2002... Paul H. Barry has joined Duke Energy Corp., Charlotte, NC, as vice-president, mergers and acquisitions. For the last 3 years, Barry has served as vice-president at GE Capital Services Structured Finance Group. Prior to that, he spent 3...

Ohio Precambrian--2: deeper study of Precambrian warranted in western Ohio. (Exploration Development).(Statistical Data Included)
July 29, 2002... The casual observer generally rejects the possibility of hydrocarbons occurring in the Precambrian basement rocks of Ohio and surrounding region. However, it appears that a major paradigm shift must occur as we continue to search for deeper...

Petroleum industry advances international standards. (Special Report).
July 29, 2002... The petroleum industry has demonstrated support for international standardization by issuing in the past 3 years a stream of standards through the Geneva-based International Organization for Standardization (ISO), moving away from existing...

Method calculates sand velocity, hold-up in flowlines. (Drilling & Production).(Brief Article)
July 29, 2002... A relatively simple method of estimating sand velocity and hold-up in multiphase flowlines allows a design engineer to determine whether a producing well needs a sand-exclusion system at a subsea wellhead. Estimating the behavior of sand...

Asia-Pacific refining will recover from current overcapacity in 2005. (Processing).(Brief Article)
July 29, 2002... Additions to Asia Pacific's refining capacity in the past 4-5 years have transformed the region from a major net importer to a net exporter of refined products. The recent wave of refining capacity additions has come to an end. Many projects...

Revision of API 1130 on pipeline monitoring due by yearend 2002. (Special Report).(Brief Article)
July 29, 2002... The second edition of American Petroleum Institute (API) Standard 1130 for computational pipeline monitoring (CPM) will be published later this year. The standard was first published in 1995 to provide guidance to the pipeline industry...

New flow diverters, carbide clad gripper pads. (Equipment/Software/Literature).(Brief Article)
July 29, 2002... A newly introduced line of flow diverters incorporates wear resistant properties. The company's cladding process infiltrates tungsten carbide into the substrate of the base material, forming a hard, uniform protective layer that promises...

Deepwater gulf services agreement extended. (Equipment/Software/Literature).(Brief Article)
July 29, 2002... C&C Technologies Inc., Lafayette, La., and Century Subsea Ltd., Aberdeen, Scotland, have extended their alliance for an additional 3 years, an agreement that calls for the two firms to continue to provide deepwater construction companies...

New hydrate inhibitors for deepwater operations. (Equipment/Software/Literature).(Brief Article)
July 29, 2002... New HI-M-PACT low-dosage hydrate inhibitors now on the market are designed to help deepwater oil and gas operators inhibit hydrate plugging. In field uses, the company says the inhibitors have achieved cost savings in production systems...

New fittings for deepwater exploration uses. (Equipment/Software/Literature).(Brief Article)
July 29, 2002... This new line of instrumentation connectors is designed to meet the needs of deepwater oil and gas exploration systems and equipment. The MPI fitting is specially engineered to meet the needs of connector requirements for offshore...

Petrophysical package for multiwell use. (Equipment/Software/Literature).(Brief Article)
July 29, 2002... ULTRA, a specialty application, is a new package of petrophysical tools for use in multiwell environments. Based on probabilistic analysis, it provides estimates of wellbore lithology and fluid properties for the entire reservoir. ULTRA...

New heat transfer fluid. (Equipment/Software/Literature).(Brief Article)
July 29, 2002... Thermogreen is a new heat transfer fluid that promises to boost heat transfer rates as much as 40%. The water-based product is designed for indirect line heaters, vaporizers, and process heating loops, directly replacing glycol/water...

Refinery wastewater treatment products outlined. (Equipment/Software/Literature).(Brief Article)
July 29, 2002... A complete range of wastewater treatment products and services for refineries and petrochemical plants is outlined in a new 16-page brochure, yours free upon request. It describes equipment supply; pilot study, design, engineering,...

OGJ crack spread. (Statistics).(Brief Article)
July 29, 2002... OGJ CRACK SPREAD 7-19-02 * 7-20-01 * Change Change, $/bbl % SPOT PRICES Product value 29.96 28.51 1.46 5.1 Brent...

API crude and product stocks. (Statistics).(Brief Article)
July 29, 2002... API CRUDE AND PRODUCT STOCKS Motor gasoline Jet fuels Blending Crude oil Total comp. (2) Naphtha PAD I ...

API refinery report--July 19, 2002. (Statistics).(Brief Article)
July 29, 2002... API REFINERY REPORT--JULY 19, 2002 REFINERY OPERATIONS Total Input refinery Crude to crude Operable Percent District ...

API imports of crude and products. (Statistics).(Brief Article)
July 29, 2002... API IMPORTS OF CRUDE AND PRODUCTS Districts 1-4 District 5 7-19 7-12 (1) 7-19 7-12 (1) 2002 2002 2002 ...

OGJ gasoline prices. (Statistics).(Brief Article)
July 29, 2002... OGJ GASOLINE PRICES (Approx. prices for self-service unleaded gasoline) Price Pump Pump ex tax Price * price 7-17-02 7-17-02 7-18-01 ...

Refined product prices. (Statistics).(Brief Article)(Illustration)(Statistical Data Included)
July 29, 2002... REFINED PRODUCT PRICES Spot market product prices 7-12-02 cents/gal Motor gasoline (Conventional-regular) New York Harbor 78.20 Gulf Coast ...

Baker Hughes rig count. (Statistics).(working oil rigs by state)(Brief Article)(Statistical Data Included)
July 29, 2002... BAKER HUGHES RIG COUNT 7-19-02 7-20-01 Alabama 2 4 Alaska 9 14 Arkansas 0 1 California 23 41 Land ...

Smith rig count. (Statistics).(Brief Article)
July 29, 2002... SMITH RIG COUNT 7-19-02 7-20-01 Proposed depth. Rig Percent Rig Percent ft count footage * count footage * 0-2,500 41 -- ...

OGJ production report. (Statistics).(oil production by state)(Brief Article)(Statistical Data Included)
July 29, 2002... OGJ PRODUCTION REPORT (Crude oil and lease condensate) 7-19-02 (1) 7-20-01 (2) 1,000 b/d Alabama 26 25 Alaska 1,021 929 California 800 ...

US crude prices. (Statistics).(US-produced crude oil prices)(Brief Article)(Statistical Data Included)
July 29, 2002... US CRUDE PRICES $/bbl * 7-19-02 Alaska-North Slops 27 [degrees] 21.22 South Louisiana Sweet 27.50 California-Kern River 13 [degrees] 23.00 Lost Hills 30 [degrees] ...

World crude prices. (Statistics).(crude oil prices)(Brief Article)(Statistical Data Included)
July 29, 2002... WORLD CRUDE PRICES S/bbl (1) 7-12-02 United Kingdom-Brent 38[degrees] 25.86 Russia-Urals 32[degrees] 24.99 Saudi Light 34[degrees] 22.92 Dubai Fateh...

US Natural Gas Storage. (Statistics).(Brief Article)(Statistical Data Included)
July 29, 2002... US NATURAL GAS STORAGE (1) 7-5-02 7-12-02 Bcf Change Producing region 788 781 7 Consuming region cost 1,296 1,243 53 Consuming...

Criminal penalties proper for acts of corporate fraud. (The Editors Perspective).(Brief Article)
July 29, 2002... Most political feeding frenzies in the US Congress are repulsive. The one under way over corporate governance is an exception. The Republican-controlled House of Representatives finally got the message: Corporate executives who defraud...

State of stocks bodes ill for refiners. (Market Hotline).(crude oil stockpiles)(Brief Article)(Statistical Data Included)
July 29, 2002... Keep your eye on inventories. Granted, their recent behavior might make it a bit difficult to focus, but the underlying state of oil inventories will provide some firmness to the market's foundation in the weeks to come. The key word...

Market movement. (Newsletter).(global oil supply, demand data)(Brief Article)(Statistical Data Included)
July 22, 2002... IEA slashes oil demand estimates In its most recent report, the International Energy Agency slashed its 2002 global oil demand estimates and released its initial projections for 2003 demand and supply Citing weaker than expected...

Industry scoreboard.(supply, demand, price data for various oil products)(Brief Article)(Illustration)(Statistical Data Included)
July 22, 2002... Industry Scoreboard US INDUSTRY SCOREBOARD -- 7/22 4 wk. 4 wk. avg. Change, YTD Latest week 7/12 average year ago (1) % average (1) Demand, 1,000 b/d Motor gasoline ...

US Energy stock prices. (Industry Trends).(Standard and Poor's to drop seven non-US firms from S and P 500)(Brief Article)(Statistical Data Included)
July 22, 2002... US ENERGY STOCK PRICES could come under increasing pressure now that Standard & Poor's has decided to drop seven non-US companies from its benchmark S&P 500 index effective after the close of trading on July 1 9. One of the companies...

US natural gas storage levels. (Industry Trends).(Brief Article)(Statistical Data Included)
July 22, 2002... US NATURAL GAS STORAGE LEVELS through early next month will stay well ahead of the 5-year average, according to a study of natural gas injection and withdrawals conducted by economists with the consulting firm C.H. Guernsey & Co., Oklahoma...

Peru's Energy and Mines Minister. (Government Developments).(Jaime Quijandria retained after cabinet shake-up)(Brief Article)
July 22, 2002... PERU'S ENERGY AND MINES MINISTER Jaime Quijandria retained his position through a cabinet shake-up last week by President Alejandro Toledo. Toledo's reshuffling of his cabinet was triggered July 5 by the sudden and "irrevocable"...

Also in Peru. (Government Developments).(exploration, development investments)(Brief Article)(Statistical Data Included)
July 22, 2002... ALSO IN PERU, the Hydrocarbons Bureau estimates that investments in oil and gas exploration and development this year will total $391 million, of which $280 million is earmarked for development and $48 million for exploration. The main...

The US department of the interior. (Government Developments).(facility permit process)(Brief Article)
July 22, 2002... THE US DEPARTMENT OF THE INTERIOR has asked Congress to clarify that it has the authority to grant easements or rights-of-way for renewable energy and LNG facilities on the Outer Continental Shelf in the Gulf of Mexico. in a June 20 letter to...

QJSC NK Rosneft. (Quick Takes).(exploration license)(Brief Article)
July 22, 2002... QJSC NK ROSNEFT, on behalf of an alliance including BP PLC, has received a 5-year exploration license for part of Russia's Sakhalin V area off Sakhalin Island in Russia's Far East. The license covers seismic acquisition and exploratory...

Gaz de France. (Exploration).(Touat exploration permit)(Brief Article)
July 22, 2002... In another award, Gaz de France has been granted the Touat exploration permit, with hydrocarbon exploration and development rights in the Sbaa basin in southwestern Algeria. GdF submitted the winning bid, under an international licensing...

Conoco Canada Resources Ltd, a subsidiary of Conoco Inc., will participate with Chevron Texaco Canada, a ChevronTexaco Corp. (Exploration).(well drilling)(Brief Article)
July 22, 2002... Conoco Canada Resources Ltd, a subsidiary of Conoco Inc., will participate with Chevron Texaco Canada, a ChevronTexaco Corp. unit, and Petro-Canada in the drilling of the Newburn H-23 wildcat off Nova Scotia. Drilling of the well, which lies...

Maritimes & Northeast Pipeline LP (M&NE). (Pipelines).(pipeline tolls)(Brief Article)
July 22, 2002... MARITIMES & NORTHEAST PIPELINE LP (M&NE), Halifax, and its customers have agreed to 2003 pipeline tolls of $0.6536/ gigajoule (Can.), or $0.6896 / MMbtu (Can.). The agreement, reached in late June, will likely eliminate the need for a...

Infinity Inc. (Production).(plans to increase compressor capacity)(Brief Article)
July 22, 2002... INFINITY INC., Chanute, Kan., is awaiting permits to increase the compressor capacity at its LaBarge coalbed methane project in Wyoming to 5 MMcfd from 500 Mcfd because gas production has reached the operating capacity of the existing...

Suncor Energy Inc. (Production).(fractionator repairs, production data)(Brief Article)(Statistical Data Included)
July 22, 2002... Production rates at Suncor Energy Inc.'s oil sands operation, however, moved in the opposite direction, dropping to about 50% of capacity last week while the company performed repairs on a 35-year-old fractionator. A second fractionator at...

National Refinery Ltd. (Refining).(investigation of fire)(Brief Article)
July 22, 2002... A DETAILED INVESTIGATION is continuing into a fire at the National Refinery Ltd. (NRL) refinery in Karachi July 9 that claimed the lives of three workers and injured six others. The fire, which broke out in a lube base manufacturing unit...

Shell Refining (Australia) Pty. Ltd. (Refining).(contract awarded to CBI Constructors Proprietary Ltd.)(Brief Article)
July 22, 2002... In other refining news, Shell Refining (Australia) Pty. Ltd., a unit of Royal Dutch/Shell Group, let a $90 million (Aus.) lumpsum turnkey contract to CBI Constructors Pty. Ltd., a unit of Chicago Bridge & Iron Co NV, the Netherlands, to...

BP Oil Refineria de Castellon SA. (Refining).(to upgrade refinery)(Brief Article)
July 22, 2002... BP Oil Refineria de Castellon SA, a unit of BP PLC, also let a contract--to Foster Wheeler Ltd. unit Foster Wheeler Iberia SA--for the upgrade of its 120,000 b/sd refinery at Castellon de la Plana, Spain. The $100 million project will upgrade...

A Unit of Argentina's Pluspetrol SA. (Refining).(to drill four development wells)(Brief Article)(Statistical Data Included)
July 22, 2002... A UNIT OF ARGENTINA'S PLUSPETROL SA, operator of the Camisea fields' consortium, said drilling has begun on the first of four development wells planned for the Camisea gas development project in Peru. Parker Drilling Co., Houston, is the...

Kerr-McGee Corp. (Development).(Red Hawk natural gas field in Gulf of Mexico)(Brief Article)
July 22, 2002... On another major development scene, Kerr-McGee Corp., Oklahoma City, has approved development of Red Hawk natural gas field in the deepwater Gulf of Mexico, which--at more than 5,300 ft deep--is its deepest-water development to date. First...

Hunt Oil Co. (LNG).(export project facility in Peru)(Brief Article)
July 22, 2002... HUNT OIL CO., Dallas, a partner in the Camisea consortium, is working on a feasibility study for the construction of an LNG or gas-to-liquids export project facility in Peru. If an export project were to be authorized, the total cost of the...

Letters.
July 22, 2002... EPA document is confusing Your OGJ June 10, 2002, P. 21, editorial on the recent release of an EPA document on air quality is confusing on several levels, at least from the perspective of this independent geologist. The scientific...

US air quality--past and future. (Journally Speaking).(Brief Article)(Statistical Data Included)
July 22, 2002... An OGJ staff member just commented on having seen a new air emissions monitor at the on-ramp to the freeway as he drove to work in Houston. Houston's Harris County and seven surrounding counties are intensifying (mandated) efforts to...

NPR-A and ANWR. (Editorial).(National Petroleum Reserve-Alaska, Arctic National Wildlife Refuge, Alaska)(Brief Article)(Editorial)(Statistical Data Included)
July 22, 2002... Four and six-fold increases in the assessed potential of oil and natural gas recovery from a federally owned area are good news for the US. In the case of the National Petroleum Reserve-Alaska (NPR-A), however, they're a mixed blessing (OGJ,...

Tidelands Oil Production carries unusual pedigree in optimizing operations in a mature giant. (Point of View).(Statistical Data Included)(Company Profile)
July 22, 2002... Tidelands Oil Production Co. is a California independent with an unusual pedigree but a down-to-earth mission. The company was formed on Jan. 1, 1989, by Neste Oil Services Inc., a unit of Finnish energy conglomerate Fortum Oy, 80%, and...

BP review: global energy use growth marginal in 2001. (General Interest).(Statistical Data Included)
July 22, 2002... Global energy consumption grew only marginally in 2001, increasing by 0.3% and marking the third consecutive year that consumption rose by less than 0.5% year-on-year. Such a modest increase was the result of an overall downturn in the...

ENI adds crude quality assessment to global statistical review. (General Interest).(Brief Article)(Statistical Data Included)
July 22, 2002... Total worldwide consumption of oil reached 75.988 million bid in 2001, an increase of 0.1% from a year ago, according to Italy's ENI SPA in its recently released world oil and gas review. ENI published its first worldwide statistical...

EIA sees world oil prices over $22/bbl in 2002-03. (General Interest).(United States Energy Information Administration)(Brief Article)
July 22, 2002... The US Energy Information Administration predicted that the Organization of Petroleum Exporting Countries will maintain quotas to ensure world oil prices remain above $22/bbl over the next 18 months. "Moderate OPEC restraint, combined...

EIA seeks comment on weekly gas storage report. (General Interest).(Energy Information Administration)(Brief Article)
July 22, 2002... The US Energy Information Administration said it wants the public to offer comments by Aug. 12 on ways it can improve a new weekly US natural gas storage report that is a key benchmark for energy marketers. EIA gas report provides weekly...

GAO: regulators must ensure N. Slope cleanup capability. (General Interest).(General Accounting Office)(Brief Article)
July 22, 2002... US regulators should ensure that producers are financially prepared to clean up any drilling and production-related damage to Alaskan North Slope public lands before new exploration is allowed to begin, a new report by the General Accounting...

Central considerations. (Watching Government).(Nicaragua encourages foreign oil and gas investments)(Brief Article)(Statistical Data Included)
July 22, 2002... Better technology and a promising investment climate may translate into more industry interest in Nicaragua. President Enrique Bolanos this month signed legislation allowing foreign investors to explore several regions of the Central...

IOGCC: US energy plan should address worker shortage. (General Interest).(Interstate Oil and Gas Compact Commission)(Brief Article)
July 22, 2002... The US energy policy being debated presently in Congress should include provisions that address the oil and gas industry's looming personnel shortage, according to North Dakota Gov. John Hoeven. Hoeven serves as the new chairman of the...