GLG News by Oil and Gas Well Drilling Experts

Pipeline Editor Christopher E. Smith reported in the June 23 issue of the Oil & Gas Journal that the tanker market during the half year ending March rose 14.1%. Clarkson Research Services Ltd gave the reasons behind these movements and forecast the future direction of the market. Included are Very...

Justin Dargin of Harvard University reported in the June 23 issue of the Oil & Gas Journal that Iranian residents in the north of the country experienced difficulty in the freezing temperatures when Turkmenistan stopped delivery of natural gas. Forty million people were affected. Pipeline problems...

The International Herald Tribune, reported in the issue of June 28-29 that Alexei Miller, head of Gazprom, said that the company’s ties to the Russian government, allowed huge growth potential. The company is in a better position to compete government links Growing competition means companies...

Jeffrey Jones (Reuters) in Calgary, Alberta reported in the June 26 issue of the International Herald Tribune that producers of Athabasca oil sands find themselves in conflict with environmentalists. Investments of billions of dollars to produce the oil has the side effect of much greater carbon dioxide...

Judy Dempsey in Berlin reported in the June 25 issue of the International Herald Tribune that Europeans face both high natural gas and crude oil prices. Governments want to diversify energy sources but they avoid a discussion of the oil/gas price linkage. European Union (EU) consumers cannot avoid high...

Robert F. Worth in Jidda and Jad Mouawad in New York reported in the June 24 issue of the International Herald Tribune that the global energy summit ended in disagreement. Yet the Saudis made a pledge of increased production. The meeting was a success because of the large attendance. Participants offered...

I cannot exactly explain what they mean but I can provide some insight.

  Simon Webb (Reuters) in Jidda reported in the June 21-22 issue of the International Herald Tribune that the energy powers will hold an emergency meeting on Sunday. The object of the meeting is stop the upward spiral of crude oil prices. The Saudi government in Riyadh summoned the chief executives...

Jad Mouawad reported in the June 21 issue of the International Herald Tribune that Chevron’s CEO, David Reilly spoke on access to offshore drilling in the U.S. O’Reilly, en route to Saudi Arabia to attend the emergency energy summit, said that the U.S. Congress should allow more offshore drilling. They...

Andrew Kramer in Baghdad reported in the June 19 issue of the International Herald Tribune that the big oil dogs had assembled to ink interim agreements to develop Iraqi oil fields. Operating in the absence of a petroleum law, the government intends to make provisional awards on June 30. Contracts will...