GLG News by Oil and Gas Industry Experts (Gulf of Mexico)

Rob Gilles with the Associated Press in Fort McMurray, Alberta reported in the August 26 issue of the International Herald Tribune that Shell is rapidly expanding oil sand production from Muskeg river open pit mines in the Athabasca region of Alberta. They are joined by ExxonMobil, Chevron, Imperial...

Clifford Krauss in Houston reported in the August 23-24 issue of the International Herald Tribune that U.S. natural gas production is rising faster than it has in decades. It reverses conventional thinking about the irreversible decline of domestic gas fields. New drilling technology allows commercial...

David Jolly in Paris reported in the August 23-24 issue of the International Herald Tribune that Europe, seeing American exploitation of shale gas, has now begun a similar search. The first chore is to determine how much gas could be available. Many of the same type of North American shale formations...

Drilling Editor Nina M. Rach reported in the August 18 issue of the Oil & Gas Journal that Shell Rocky Mountain Production Company is optimizing Pinedale field wells. Production will be increased and surface disturbances will be reduced. Shell will drill more than 90 wells this year. The 35 mile...

Jad Mouawad in New York reported in the August 19 issue of the International Herald Tribune that all seven of the major oil companies were producing less oil than before. Politics plays a part. The terms of foreign concessions in Asia and South America have become more onerous with more oil to the state...

John Westwood of Douglas-Westwood in Canterbury U.K. reported in the August 4 issue of the Oil & Gas Journal that Europe remains one of the largest offshore producing regions. But declining production and high costs have forced the oil majors to leave. Smaller operators now salvage what oil is left...

Senior Correspondent Eric Watkins, reported in the August 11 issue of the Oil & Gas Journal that benchmark tanker rates from the Persian Gulf to Japan fell to 7-month lows last week. The cause was ample availability of very large crude carriers. Even so, Japanese leaders are taking no chances on...

Steven Erlanger in Flamanville, France with Maia de la Baume in Paris and Matthew L. Wald in Washington reported in the August 18 issue of the International Herald Tribune that France has begun construction of a new nuclear power plant. The reactor, the first in new construction in 10 years, will cost...

In the August 11, 2008 issue of the Oil & Gas Journal, an unusual 2006 oil well recompletion event was reviewed by Diamond Offshore Drilling Inc. Their semi submersible, the Ocean Vanguard was reequipped to perform recompletion services in the Draugen oil field in the Norwegian North Sea. Although...

Reuters reported in the august 16 issue of the International Herald Tribune that OPEC cut its forecast of global crude oil demand for the fifth month. Production is more than adequate. Supply and demand are in balance. The 13 members of OPEC produce 40% of the world supply. Higher OPEC production and...