The Oil and Gas Journal articles from June 1999, page 2

The Oil and Gas Journal archives from June 1999

OECD [*] IMPORTS FROM OPEC.
June 28, 1999... OECD [*] IMPORTS FROM OPEC Chg. v. previous Dec. Nov. Oct. Dec. year ...

OIL STOCKS IN OECD [*] COUNTRIES.
June 28, 1999... OIL STOCKS IN OECD [*] COUNTRIES Chg. vs. previous Jan. Dec. Nov. Jan. year ...

Newsletter.
June 21, 1999... While one planned industry takeover appears to be nearing a resolution, two other proposed mergers are being scrutinized more closely. The Saga takeover bid story is winding down, with Saga's board recommending that shareholders accept...

U.S. INDUSTRY SCOREBOARD 6/21.
June 21, 1999... U.S. INDUSTRY SCOREBOARD 6/21 4 wk. 4 wk. avg. % Year-to-date Latest week 6/11 average year ago [*] change average [*] Demand (1,000 b/d) Motor gasoline ...

LETTERS.
June 21, 1999... Mobile emissions Your editorial, "Oxygen in Gasoline" (OGJ, May 31, 1999, p. 19), overlooked a very important aspect of the National Research Council (NRC) committee report. The committee admits that the report focuses on the effects of...

Forecasts: Some up, some down.
June 21, 1999... One can get lost among the number of different forecasts and analyses about oil and gas supply, deliverability, and demand. Some projections have a stronger basis than others, but probably none will prove to be entirely correct. Some...

DOE'S security troubles.
June 21, 1999... It would be supremely ironic if an illicit transfer of information brought down the U.S. Department of Energy. Yet the prospect looms. Fierce criticism hit the department last week from a group appointed by President Bill Clinton to...

Elf U.K. expands HP-HT expertise with Elgin-Franklin development.
June 21, 1999... A giant jack up processing platform is taking shape in a Scottish fabrication yard as part of the largest development project under way in the U.K. North Sea. The platform will be installed in Elgin field, which is being developed with...

Saga chief quits as Hydro bid approved.
June 21, 1999... No sooner did Norway's Saga Petroleum AS accept a takeover bid by Norsk Hydro AS than its chairman resigned, citing a nationalization plan. Norsk Hydro fended off Elf Aquitaine SA for control of the Oslo-based independent, after Elf made...

Dynegy, Illinova to form gas and power major.
June 21, 1999... Natural gas and power marketer Dynegy Inc., Houston, and energy services firm Illinova Corp., Decatur ill., have signed a definitive merger agreement. The deal is valued at an estimated $2 billion. The firms will join to create a $7.5...

Costs soar, replacement rates dropped in 1998.
June 21, 1999... Nineteen ninety-eight was an abysmal year for the U.S. upstream oil and gas industry, according to John S. Herold Inc., Stamford, Conn. In its annual reserve replacement cost analysis, Herold revealed just how poorly the U.S. exploration...

Upstream spending defies industry decline.
June 21, 1999... Capital spending on worldwide exploration and development rose steadily during 1994-98, despite a decline in return on capital employed that began in 1996 and reached a dismal 3.1% last year vs. 9% in 1997. This is one of the conclusions...

OPEC cutback accord beginning to register.
June 21, 1999... Organization of Petroleum Exporting Countries members trimmed their total output in May, helping justify a recent rebound in crude oil prices. Under a production cutback deal that took effect Apr. 1, OPEC's April production average was...

Peru's Camisea tender process to continue.
June 21, 1999... Peru's Camisea committee will continue to sell bid documents for the development of the Camisea natural gas fields until Aug. 6, 1999, and for the related gas transportation and distribution concession until July 22, according to a spokesman...

Dubai, Pakistan join U.A.E. gas megaproject.(Brief Article)
June 21, 1999... The U.A.E.-based U.A.E. Offsets Group (UOG) has garnered more support for its Dolphin natural gas initiative in recent weeks. The Dolphin program is designed to connect Qatar's copious gas supplies with growing demand in the Persian Gulf...

Work to speed up on Central Asia gas pipeline.
June 21, 1999... Pakistan, Afghanistan, and Turkmenistan have agreed to accelerate work on a stalled gas pipeline project and have asked the CentGas consortium to find a project leader to replace Unocal Corp. The three countries have agreed to overcome...

GTL bounces back.(gas-to-liquids joint venture)(Brief Article)
June 21, 1999... The announcement by Sasol Ltd. and Chevron Corp. of a gas-to-liquids (GTL) joint venture has produced an unexpected reaction from rival Syntroleum Corp., Tulsa. Sasol and Chevron plan to use Sasol's Slurry Phase Distillate technology in...

Change in China.(Brief Article)
June 21, 1999... Two major Chinese oil firms have announced plans to cut about 976,000 jobs over the next 5 years in order to reduce costs and better compete in the global market. China National Petroleum Corp. (CNPC) will cut its work force to 1 million...

A June 10 explosion.(Brief Article)
June 21, 1999... A June 10 explosion on Olympic Pipe Line Co.'s products pipeline near Bellingham, Wash., killed three people. Olympic said the line leaked about 84,000 gal of gasoline; other estimates peg the volume at 300,000 gal. The spilled fuel ignited,...

Talisman Energy (U.K.) Ltd.(Brief Article)
June 21, 1999... Talisman Energy (U.K.) Ltd. and partners completed the sixth development well in the U.K. North Sea's Ross field (OGJ, Apr. 26, 1999, p. 32). On test, 13/29a-A4 (RP1) flowed 19,000 b/d through a 95/64-in. choke for 6 hr, limited by surface...

Showa Shell Sekiyu KK.(Brief Article)
June 21, 1999... Showa Shell Sekiyu KK, General Sekiyu KK, and Esso Sekiyu KK signed a 10-year products distribution agreement in Japan. Under the accord, the three major Japanese refiner-marketers will supply each other with gasoline and middle distillates...

Argentina's Perez Companc.(Brief Article)
June 21, 1999... Argentina's Perez Companc wants to sell about half its participating interest in the San Carlos block in Venezuela's oil and gas-rich Barinas-Apure basin. Perez official Carlos Cortizas called the block "highly promising." Should Perez...

Shell U.K. Ltd.(Brief Article)
June 21, 1999... Shell U.K. Ltd. and operating coventurer Esso Exploration & Production U.K. Ltd. plan to acquire a farmout on the portion of North Sea Block 21/24 license that lies outside the Guillemot West and Guillemot Northwest fields, which Shell/Esso...

OMV AG.(Brief Article)
June 21, 1999... OMV AG sold its Bulgarian exploration unit OMV (Bulgaria) Exploration FOOD to Petreco SARL, Luxembourg, for $1.5 million plus a further $500,000 when Galata gas field is brought into production. OMV Bulgaria holds a 16 2/3% interest but said...

Ramco Energy plc.(Brief Article)
June 21, 1999... Ramco Energy plc, Aberdeen, acquired at no cost the working interest in Romania's Block VI from Clyde Expro Ltd., Ledbury, U.K. This takes Ramco's stake to 100% of contractors' equity from 30%. Ramco bought into the block by taking over MMS...

PP&L Global Inc.(Brief Article)
June 21, 1999... PP&L Global Inc. agreed to acquire additional shares of Chilean electricity distributor Empresas Emel SA from Las Espigas SA, Gavilla SA, and individuals related to Las Espigas Group. Total cost of the interests is estimated at $100 million....

Sid Richardson Gasoline Co.
June 21, 1999... Sid Richardson Gasoline Co., Fort Worth, acquired the Mi Vida gas gathering and treating system from Western Gas Resources Inc., Denver, for an undisclosed sum. The purchase became effective June 1. Mi Vida comprises more than 250 miles of...

Indian Oil Corp.
June 21, 1999... Indian Oil Corp. and Abu Dhabi National Oil Co. are in negotiations regarding a proposed joint-venture grassroots refinery in southern India. The $1.8 billion plant would be built at Nagapatnam, Tamil Nadu, and would have a capacity of 9...

Pakistan's Attock Refinery Ltd.
June 21, 1999... Pakistan's Attock Refinery Ltd. (ARL) completed a $54 million upgrade of its 30,500 b/d refinery at Rawalpindi (OGJ, Oct. 19, 1998, p. 44). The upgrade included the addition of a new 10,000 b/d vacuum distillation unit and a 5,000 b/d...

Iraq has completed.
June 21, 1999... Iraq has completed a new 10,000 b/d topping refinery, according to local press reports. The unit will be commissioned within a few months. An Iraqi refining official reportedly also said the Basra refinery, damaged last December by U.S....

Qatar General Petroleum Corp.
June 21, 1999... Qatar General Petroleum Corp. (QGPC) and Phillips Petroleum Co. reportedly selected Houston's Kellogg Brown & Root (KBR) and France's Technip SA to build a petrochemicals plant at Mesaieed, Qatar, (OGJ, Apr. 27, 1998, p. 33). A formal...

Saudi Basic Industries Corp.
June 21, 1999... Saudi Basic Industries Corp. (Sabic) plans to build a 200,000 metric ton/year acetic acid plant at Yanbu on the Red Sea coast. Sabic said the plant is likely to be incorporated into its Arabian Industrial Fibres Co. (Ibn Rushd) polyester...

Sabic.
June 21, 1999... Sabic signed a 2-year contract to supply 120,000 metric tons/year of methyl tertiary butyl ether to Pakistan. Sabic's three MTBE plants-at Ibn Zahr, Ibn Sina, and Sadaf- produce a combined 3 million tons/year.

Kuwait Petroleum Corp.
June 21, 1999... Kuwait Petroleum Corp. (KPC) bought 205 retail fuel outlets in Belgium from Aral AG, a unit of Germany's Veba Oel. KPC now owns 517 gasoline stations in Belgium and controls 17% of the domestic market, second only to Royal Dutch/Shell, which...

Overseas Shipholding Group Inc.
June 21, 1999... Overseas Shipholding Group Inc. (OSG), New York, ordered four 113,000 dwt Aframax-class crude tankers from Hyundai Heavy Industries Co. Ltd., Seoul, for delivery in 2001-02. The tankers will be used in OSG's growing Atlantic Basin business....

Columbia Natural Resources Inc.
June 21, 1999... Columbia Natural Resources Inc., the Appalachian basin's biggest gas producer, said it opened a new deep gas play in West Virginia. Its wildcat in the Vineyard Ridge area of Roane County found pay in Middle Ordovician Trenton-Black River...

Conoco Inc.
June 21, 1999... Conoco Inc. announced a gas discovery on E-Plus prospect on U.K. North Sea Block 49/17, about 80 miles east of Lincolnshire, England. Well 49/17-13, drilled to 10,160 ft in 110 ft of water by Glomar Adriatic VI, cut 350-370 net ft of...

Phillips Petroleum Co. Norway.
June 21, 1999... Phillips Petroleum Co. Norway disclosed an oil and gas discovery on Block 2/7 in the Norwegian North Sea, 7 miles west of the nearest Ekofisk platform. Ebba 2/7-31, drilled to 16,300 ft TD, cut 120 ft of net oil and gas pay in the Permian...

Argentina's Energy and Ports Secretariat.
June 21, 1999... Argentina's Energy and Ports Secretariat delayed approval of a joint YPF SA-Unocal Corp. bid to explore for hydrocarbons on a block in the San Matias basin amid environmental concerns. The block, CAA-9 is part of an offering aimed at...

Apache Corp.
June 21, 1999... Apache Corp., Houston, announced two natural gas discoveries on the Outer Continental Shelf in the U.S. Gulf of Mexico. On test, West Cameron 615 A-4 flowed 35 MMcfd of gas through a 38/64-in. choke with 2,000 psi flowing tubing pressure. The...

Enron Europe Ltd.
June 21, 1999... Enron Europe Ltd. was granted U.K. Department of Trade and Industry (DTI) approval to build a 45-MW combined heat and power station at the Teesside gas processing plant, Seal Sands, U.K. DTI said the unit is needed to enhance the reliability...

LG&E Power Inc.
June 21, 1999... LG&E Power Inc., a unit of LG&E Energy Corp., Louisville, Ky., plans to build a 450-MW natural gas-fired power plant at Monroe, Ga., about 40 miles east of Atlanta. LG&E did not disclose the plant's investment costs. Work on the Georgia...

A natural gas trade association.
June 21, 1999... A natural gas trade association was formed by six French companies; it will be based in Courbevoie, France. The association, called Union Professionelle des Industries Privees du Gaz (Uprigaz), will represent the interests of the firms, which...

Weather Risk Management Association.
June 21, 1999... Weather Risk Management Association (WRMA) was incorporated in Washington, D.C., by officials of Castlebridge Partners LLC, Chicago; Enron Capital & Trade Resources Corp. (ECT), Houston; Koch Industries Inc., Wichita; and Southern Co. Energy...

PC program estimates TEG circulation rate, number of trays.(triethylene glycol)
June 21, 1999... P. Gandhidasan is associate professor of mechanical engineering at King Fahd University of Petroleum & Minerals, Dhahran. He joined the department in February 1992. He holds a PhD (1979) in mechanical engineering from the Indian Institute of...

Pinch analysis used in retrofit design of distillation units.
June 21, 1999... Victor Briones is technical manager at PMI Holdings North America Inc., Houston. He worked for more than 15 years at IMP as a senior researcher, in which role he participated in the development of computer tools for process synthesis and...

Canadian ethylene demand to increase through 2005.
June 21, 1999... Ethylene demand in Canada is projected to increase from 3.3 million tons in 1998 to 5.4 million tons in 2005. This is an annual average growth rate of 6.4%. Fig. 1 shows the expected demand and supply of ethylene in Canada for this...

Texas production data show rapid gas depletion.
June 21, 1999... Gary S. Swindell has been an independent reservoir engineering consultant for 19 years, preparing reserve reports and general reservoir studies for U.S. and international oil and gas fields. He holds a BS in geological engineering from the...

Simulator helps analyze horizontal-well tests.
June 21, 1999... Mabruk Methnani is a principal consultant at PRC Inc. (Peiro Reservoir Characterization). His areas of interest include reservoir engineering and well test analysis. He has also developed computational tools for reservoir simulation and gas...

Norwegian center tests intelligent completion equipment.
June 21, 1999... A new center for testing innovative downhole equipment has been established at the Rogaland Research Institute at Stavanger. Saga Petroleum ASA was instrumental in creating the center, and according to Saga, the facility is the only one...

Unit provides MACT II HCL measurement.
June 21, 1999... Here's a new product for refineries operating FCCU and CRC units subject to the new MACT II regulations for continuous emissions monitoring of HCl. The Xendos Model 2510 gas filter correlation infrared analyzer provides continuous,...

350 page drives and motor technology catalog.
June 21, 1999... A new 350 page catalog details Reliance Electric adjustable speed drives and motor products. The catalog is available in three formats: printed, on-line via the Internet, and as a Web compact disk. The 1999 Reliance Electric Drives...

Low horsepower, adjustable speed ac drive.
June 21, 1999... The new ACS 400 adjustable speed ac drive is the most recent introduction into a family of flexible and responsive low horsepower, low voltage motor controllers. The series is available in a NEMA 1 enclosure with a NEMA 12 option and in two...

Electrochemical sensor for carbon monoxide monitoring.
June 21, 1999... This new carbon monoxide sensor employs electrochemical technology for monitoring carbon monoxide in the ppm range. The sensor incorporates a capillary barrier that eliminates the possibility of puncturing problems--providing selectivity...

MOVES AND PROMOTIONS.
June 21, 1999... Macleod Dixon of Calgary, Canada (head office), Caracas, Moscow, Almaty Kazakstan and Toronto, has invited three principals from the Caracas office to become international partners. The three new partners are Elisabeth Eljuri, Uisdean R. Vass...

Baker Hughes INTEQ.
June 21, 1999... Baker Hughes INTEQ, Houston, Tex., recently announced that it has selected EarthVision 5 software from Dynamic Graphics, Inc.(r) to improve the accuracy and efficiency of drilling horizontal wells within oil and gas reservoirs. ...

Oil States Industries Inc.
June 21, 1999... Oil States Industries Inc., Arlington, Tex., has announced a further expansion to its U.S. operations with the addition of CE Marine, Inc. to its growing list of subsidiary companies. The new company name will be Oil States Skagit Smatco. ...

Study of reservoir properties can yield exploration clues.
June 21, 1999... Fred Haeberle is a consulting geologist in Delaware Ohio. His career has spanned more than 50 years. He was employed with Standard Oil Co. of California, J.J. Lynn Oil Division, Mayfair Minerals Atlantic Refining Co., Mobil Oil, and as a...

Libya.
June 21, 1999... Red Sea Oil Corp. and Lundin Oil AB plan to start production from En Naga North and West fields on NC 177 in the southern Sirte basin within 12 months after approval of a development plan. The firms filed the plan with a management...

Nigeria.
June 21, 1999... Shell Nigeria Exploration and Production Co. (Snepco) plans to spud the Kolmani River AX wildcat in the Gongola basin in northeastern Nigeria this year. Exploratory activities started six years ago in the zone when Snepco won Oil...

Russia.
June 21, 1999... The Administration of Yamal-Nenets autonomous okrug opened an exploration and production data loading center in Tyumen, western Siberia. The project involves loading and archiving data for all of the E&P companies in the region,...

Louisiana.
June 21, 1999... Venus Exploration Inc., San Antonio, plans to acquire acquire 8,400 net (10,000 gross) acres of oil and gas properties from Apache Corp. for $28.5 million. The properties, in Vernon field, Jackson Parish, have 19 wells producing more...

Mississippi.(Brief Article)
June 21, 1999... Fina Oil & Chemical Co., Houston, proposed to re-enter and horizontally drill a deep well in Maben field, Oktibbeha County. Exxon Co., U.S.A. originally drilled the 1 Fulgham, in 3319n-12e, to 21,376 ft in 1972-73. Fina, which has been...

New Mexico.(Brief Article)
June 21, 1999... Exploration for gas in Paleocene Ojo Alamo is spreading northwest from Mallon Resources Corp.'s East Blanco Unit and Cabresto Canyon field (OGJ, Apr. 27, 1998, p.77). Williams Production Co., Tulsa, Okla., and Edwards Energy Co., Denver,...

Texas.(Brief Article)
June 21, 1999... North AFE Oil & Gas Consultants, Dallas, opened a field in northeastern Tarrant County. The 1 Godfrey, 5 1/2 miles north of Arlington, flowed 1.744 MMcfd of gas on a 16/64 in. choke with 1,124 psi FTP from Mississippian Barnett...

OGJ CRACK SPREAD.
June 21, 1999... OGJ CRACK SPREAD 6-11-99 [*] 6-12-98 [*] Change % $/bbl change SPOT PRICES Product value 19.45 17.23 2.22 12.9...

API IMPORTS OF CRUDE AND PRODUCTS.
June 21, 1999... API IMPORTS OF CRUDE AND PRODUCTS Districts 1-4 District 5 Total U.S. 6-11 6-4 [*] 6-11 6-4 [*] 6-11 ...

API CRUDE AND PRODUCT STOCKS.
June 21, 1999... API CRUDE AND PRODUCT STOCKS Motor gasoline Blending Jet fuels Crude oil Total Comp. [+] Naphtha...

API REFINERY REPORT--JUNE 11, 1999.
June 21, 1999... API REFINERY REPORT--JUNE 11, 1999 REFINERY OPERATIONS Total Input refinery Crude to crude Operable % District ...

OGJ GASOLINE PRICES.
June 21, 1999... OGJ GASOLINE PRICES Price Pump Pump ex tax price [*] price 6-9-99 6-9-99 6-10-98...

REFINED PRODUCT PRICES.
June 21, 1999... REFINED PRODUCT PRICES 6-4-99 ([cent]/gal) Spot market product prices Motor gasoline (Conventional-regular) New York Harbor ...

BAKER HUGHES RIG COUNT.
June 21, 1999... BAKER HUGHES RIG COUNT 6-11-99 6-12-98 Alabama 6 4 Alaska 3 14 Arkansas 1 8 California 17 31 ...

SMITH RIG COUNT.
June 21, 1999... SMITH RIG COUNT 6-11-99 6-12-98 Proposed depth Rig % Rig % (ft) Count footage [*] Count footage [*] 0-2,500 17 32.2 15...

OGJ PRODUCTION REPORT.
June 21, 1999... OGJ PRODUCTION REPORT 6-11-99 [*] 6-1298 [+] (1,000 b/d) (Crude oil and lease condensate) Alabama 30 ...

U.S. CRUDE PRICES.
June 21, 1999... U.S. CRUDE PRICES ($/bbl) [*] 6-11-99 Alaska-North Slope 27[degrees] 9.99 Southern Louisiana Light 16.50 California-Kern River 13[degrees] 11.50 Lost Hills...

WORLD CRUDE PRICES.
June 21, 1999... WORLD CRUDE PRICES ($/bbl) [*] 6-4-99 United Kingdom-Brent 38[degrees] 14.83 Russia-Urals 32[degrees] 13.63 Saudi light 34[degrees] 14.40...

AGA NATURAL GAS STORAGE [*].
June 21, 1999... AGA NATURAL GAS STORAGE [*] 6-4-99 5-28-99 Change (bcf) Producing region 634 616 19 Consuming region east 872 814 58 Consuming region...

INTERNATIONAL RIG COUNT.
June 21, 1999... INTERNATIONAL RIG COUNT Apr. 1999 Apr. 98 Region Land Off. Total Total WESTERN HEMISPHERE Argentina 32 0 32 49 Bolivia ...

ERNST & YOUNG WRIGHT KILLEN GASOLINE MARKETING MARGINS [*].
June 21, 1999... ERNST & YOUNG WRIGHT KILLEN GASOLINE MARKETING MARGINS [*] Feb. Mar. Feb. Mar. [+] Y-T-D 1998 1998 1999 1999...

OIL IMPORT FREIGHT COSTS [*].
June 21, 1999... OIL IMPORT FREIGHT COSTS [*] Cargo Freight size (Spot rate) Source Discharge Cargo (1,000 bbl) worldscale ($/bbl) Caribbean ...

SPOT GAS PRICES.
June 21, 1999... SPOT GAS PRICES June price Pipeline Receipt point ($/MMBTU) ANR Custer County, Okla. 2.10 ANR Eunice, La...

NATURAL GAS LIQUIDS PRICES [*].
June 21, 1999... NATURAL GAS LIQUIDS PRICES [*] Mont Belvieu, TX Conway, KS Apr. May Apr. May 1999 1999 1999 ...

ERNST & YOUNG WRIGHT KILLEN ETHYLENE MARGINS.
June 21, 1999... ERNST & YOUNG WRIGHT KILLEN ETHYLENE MARGINS E/P Light Propane mix naphtha Gas oil ([cent]/lb ethylene) Cash margin,...

BAKER OIL TOOLS WORKOVER RIG COUNT [*].
June 21, 1999... BAKER OIL TOOLS WORKOVER RIG COUNT [*] May May % Region 1999 1998 change Gulf Coast 177 232 -24 Mid Continent 84 162 -48 Northeastern 89...