GLG News by Oil and Gas Well Drilling Experts

David Johnston and Anthony Rogers, with Daniel Johnston & company, reported in the July 28 issue of the Oil & Gas Journal on the economic performance of the Doba basin oil fields in Chad. The government of Chad receives a share of the profits that is about average by world standards. The operating...

Kate Galbraith in Oklahoma City reported in the July 26-27 issue of the International Herald Tribune that a mutiny is growing against U.S. energy policies that support ethanol as a transportation fuel. Consumers complain that ethanol reduces engine efficiency. Gasoline stations are catering to concerns...

Jad Mouawad in New York reported in the July 25 issue of the International Herald Tribune that the race for oil and gas north of the Arctic Circle is likely to accelerate in the near future. The melting polar ice cap will permit exploration in areas now covered by ice. A major geological survey indicates...

Senior Editor-Economics Marilyn Radler reported in the July 21 issue of the Oil & Gas Journal that the International Energy Agency in Paris had released its 2009 outlook for demand and supply. Demand is expected to rise by 860,000 bbl/day to 87.7 million bbl/day. OECD product demand will fall by...

Andrew E. Kramer in Moscow reported in the July 19-20 issue of the International Herald Tribune that BP was closer to losing control of its joint venture with TNK. Four billionaire Russian investors wish to oust the CEO Robert Dudley, a BP appointee. The Russians say they will not stop until BP agrees...

Reuters in Paris reported in the July 17 issue of the International Herald Tribune that Suez and Gaz de France shareholders approved the merger of the two companies. The combined firm with annual sales of $117 billion begins operations on July 22. It will compete with Germany’s E.ON and France’s Electricite...

Judy Dempsey in Berlin reported in the July17 issue of the International Herald Tribune that European energy firms are competing for oil and gas reserves in Algeria and Libya, to reduce reliance on Russia. Gazprom recently opened an office in Algeria. StatoilHydro is helping Sonatrach, Algeria’s national...

Ian Austen in Ottawa reported in the July 15 issue of the International Herald Tribune that Royal Dutch Shell plans to acquire Duvernay Oil for $5.9 billion (Canadian), a 36% premium over recent share prices. Duvernay is a natural gas company with holdings in Western Canada. A specific region of interest...

Manmath N. Panda, James A. Dean, Tami Wheeler and Jeff Pietras, all associated with development of the Prudhoe Bay field in Alaska reported in the July 14 issue of the Oil & Gas Journal about placing the Put River reservoir on production. In late 2006, the southern lobe of the Putuligayuk (PUT)...

Production Editor Guntis Moritis reported in the July 7 issue of the Oil & Gas Journal that bitumen production from Alberta will double to 3.23 million bbl/day in 2017 from 1.32 million in 2007. The energy Resources Conservation Board of Alberta said in its recent update that it had increased by...