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

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...

Senior Associate Editor Judy R. Clark reported in the August 11 issue of the Oil & Gas Journal that technological advances in the use of high temperature heat to produce heavy crude oil may resolve major problems. Both dependence on politically unstable sources of foreign oil and generation of greenhouse...

Christopher Swann (Bloomberg) in Washington reported in the August 12 issue of the International Herald Tribune that the World Bank has provided funding for the Tata Ultra Mega power plant in western India. This comes one year after Robert Zoellick, president of the bank, pledged to assist in fighting...

The Oil & Gas Journal reported in the issue of August 11 that Southwestern Energy Company of Houston was running 500 million cubic feet/day from its Fayetteville shale in north-central Arkansas. The company, with 857,000 net acres, estimated that ultimate recovery could be improved by up to 20%...