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

OAO Gazprom, Qatar Liquefied Gas Company and National Iraniann Oil company plan a joint venture for South Pars field. Each to own 30% of the project with CNPC or Korean Kogas as a 10% trading partner. South Pars gas will travel to Ras Laffan by pipeline under the Persian Gulf where it will be processed...

Arie Vliegenthart reported in the November 10 issue of the Oil & Gas Journal that swelling elastomers could succeed cement in the completion of oil and gas wells. Cement is the long-standing and traditional way of sealing the casing against the wall of the drilled hole. But it is expensive, time-consuming...

Jad Mouawad reported in the November 16 issue of the New York Times that the oil industry has profited from six years of rising crude prices. Rex Tillerson, CEO of Exxon Mobil (XOM) said that their competitive advantage is greater in a low oil price environment. Still, XOM faces several political dangers...

A threatening statement by Prime Minister Putin with regard to Nord Stream has to be taken seriously. The cumulative opposition by Poland, Lithuania and Estonia is becoming expensive as it induces delays. The environmental impact investigation is basically a ploy.  The financial crisis now limits...

Senior Writer Sam Fletcher reported in the November 10 issue of the Oil & Gas Journal that Suncor Energy and Petro-Canada are delaying Canadian oil sands projects. Suncor reduced its 2009 budget by $3.6 at the Voyageur project. Petro-Canada will delay an upgrader for its Fort Hills consortium project....

Nick Snow prepared a special report on the unfolding shale gas play in three eastern states of the U.S. which appeared in the November 10 issue of the Oil & Gas Journal. The Marcellus shale extends 575 miles across parts of Pennsylvania, New York and West Virginia. With about 50 trillion cubic feet...

In an editorial in the November 3 issue of the Oil & Gas Journal, Production Editor Guntis Moritis discussed countries of the world that look to oil shale as a future energy source. The global shale oil resource base is estimated to be at least 2.6 trillion barrels. Today Estonia, China and Brazil...

Lloyd’s List published on November 6, a report by Keith Wallis in Dalian, China and Mike Grinter in Hong Kong detailing the existing surplus of liquefied natural gas (LNG) carriers. Of 300 hundred existing LNG carriers now in the worldwide fleet, only 240 are required. Making matters worse will be the...

Jan Mouawad in New York reported in the November 7 issue of the International Herald Tribune that the International Energy Agency warned that the world’s energy system would require large investments. Growing demand and global warming were urgent issues. Two forces strain the system. Growing energy...

Rigzone Newsletter reported on November 7 that Baker Hughes INTEQ Division had introduced a new high speed telemetric service. The technology can be applied to mud pulse or wired pipe operations. The service, trade named aXcelerate, will be a game changer according to Paul Butero, president of INTEQ....