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

Hyun Young Lee (Dow Jones) reported in the Rig Zone Newsletter of September 19 that plummeting oil process have now been joined by the banking crisis in jangling the nerves of Canadian oil sands executives. Richard Gusella CEO of Connacher Oil & Gas said that if credit markets shrink, there will...

With all due respect to the author, Washington is not the appropriate President to site as the authority that foresaw the current financial and economic issues we are facing today. Nor would many other Presidents be good examples. Not, Kennedy, nor Carter, nor Regan or even Clinton. In point of fact,...

AIG has sufficient assets to manage all of it's businesses effectively and efficiently. They also have more than adequate capability to buy itself back, if you like, from the US Treasury in short order. All of this is dependent upon the current stabilization plan presented by Treasury and the...

Carter Dougherty in Frankfurt, in the September 19 issue of the International Herald Tribune, asked rhetorically if future historians will write about the Great Depression of the 2000s.the world’s central bankers are flooding the international financial system with liquidity on the amount $180 billion...

Senior Staff Writer Paula Dittrick reported in the September 15 issue of the Oil & Gas Journal that oil and gas companies’ 2007 global upstream investments totaled $402 billion, unchanged from 2006. The data were published by IHS Herold Inc. and Harrison Lovegrove & Co. Ltd. Lower levels of...

There are two primary failures that have produced these "death spirals" of the financial institutions in the US and affecting others across the globe.   On top of the lax oversight at the institutions themselves and the ever aggressive creation of instruments and derivatives, the following...

The Oil & Gas Journal reported in the September 15 issue that Delaware basin shales are not yet commercial but have the potential to become so. AAPG geoscientist Travis J. Kinley, et al of Texas Christian University studied the shale gas potential of the Barnett and Woodford shales in this West...

Drilling Editor Nina M. Rach reported in the September 8 issue of the Oil & Gas Journal that Shell Exploration & Production Company had erected the 555 feet long truss which is called “Perdido Regional Host”. A drilling rig will be set upon the topsides of the spar for additional drilling and...

Andrew E. Kramer, James Glanz and Campbell Robertson reported in the September 12 issue of the International Herald Tribune that an Iraqi plan to award six no-bid contracts to Western oil companies has been withdrawn. The Iraqi oil minister said that the talks had dragged on for so long that the companies...

Senior Correspondent Eric Watkins reported in the September 8 issue of the Oil & Gas Journal that China National Petroleum Company (CNPC) will develop Ahdab oil field. The project was agreed in 1997 but postponed because of the U.S. invasion of Iraq in 2003. CNPC will provide technicians, oil workers...