GLG News by Oil and Gas Well Drilling Experts

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...

A Reuters report in the July 7 issue of the International Herald Tribune noted that the government of South Korea has initiated a plan to restrict the use of vehicles owned by public organizations. The move is part of a contingency plan to combat high transportation fuel costs. Prime Minister Han Seung...

James Kanter in Vienna reported in the July 11issue of the International Herald Tribune that the head of OPEC warned that military conflict with Iran would cause an unlimited increase in the price of crude oil. Other OPEC members would be unable to make up the loss of Iran’s production of about 4 million...

Emily Kaiser (Reuters) in Washington reported in the July 7 issue of the International Herald Tribune that the rich nations of the world need help to cope with rising energy prices. Fuel protests in Europe and low levels of consumer confidence in the U.S. are political issues. Transportation fuel prices...

Robert F. Worth in the July 3 issue of the International Herald Tribune reported on a Saudi Aramco sponsored field trip to the Khurais Oil Field, Saudi Arabia. The visitors were journalists. The field is the scene of a $10 billion redevelopment of Khurais and two smaller adjacent fields. Twenty-six...

Max Delany (Moscow Times) reported in the July 2 issue of the International Herald Tribune that Alexei Miller, CEO of Gazprom discussed energy agreements Tuesday with the government of Turkmenistan, paving the way for a visit from President Dmitri Medvedev on July 4. Talks began in December of 2007...

Nelson D. Schwartz in New York reported in the July 5-6 issue of the International Herald Tribune that it was just three years ago that Chevron bought Unocal. Crude oil was then trading at $66/bbl. The price for the legendary California oil company was $18 billion. David O’Reilly, CEO of Chevron who...

Sarah J. Wachter in Seoul, South Korea reported in the June 30 issue of the International Herald Tribune that the government is becoming concerned about crude oil supplies. Over 97% of purchases are on the open market. High fuel prices recently caused thousands of truck drivers to strike. Korea’s economy...