GLG News by Oil and Gas Well Drilling Experts

Judy Dempsey in Berlin reported in the May 21 issue of the International Herald Tribune that Gazprom warned the European Union (EU) against its plans to separate production, transmission and distribution. Gazprom delivers a fourth of the EU natural gas requirements. Plans to force separation can only...

Carey Gillam with Reuters reported from Rock Port, Missouri in the May 20 issue of the International Herald Tribune that turbine towers are going up on farms near this tiny town. Farmer Todd Herron earns $5,000/yr from a turbine in one of his four corn fields. Wind Capital Group operates the wind farm...

Sheryl Gay Stolberg in Riyadh, Saudi Arabia reported in the May 17-18 issue of the International Herald Tribune that Saudi Aramco raised oil production by 300,000 bbl/day as of May 10. President George W. Bush was in Riyadh to make a second plea for increased production, his first effort in January...

The Oil & Gas Journal reported in the issue of May 12 that a companion to the 2004 discovery, Covenant oil field, may soon be announced. A Wolverine Gas & Oil Corp. spokesperson said that indicators looked good at the Arapien Valley 24-1 near Mayfield, Utah. The possible discovery is located...

Nasser Karimi with the Associated Press reported in the May 13 issue of the International Herald Tribune that the huge Azadegan oil field went on production in February. Producing rate was 25,000 bbl/day from six wells. The field is 35 miles to the west of Ahvaz, near the border with Iraq. Iran estimates...

Miriam Elder of the Moscow Times reported in the May 16 issue of the International Herald Tribune that Prime Minister Putin is fighting claims that Russian oil production is in decline. In recent days both Putin and his deputy, Igor Sechin, have pledged to stimulate the industry. Rivals Gazprom and...

Oilvoice News reported on May 1 that Chesapeake Energy produced 2.2 billion cubic feet equivalent (bcfe) during the first quarter of 2008, up 31% from the same period of 2007. The company lost $143 million due to an unrealized non-cash mark-to-market recognition of hedged natural gas volumes. Prices...

Frank Hartley, Drilling and Production Editor for Offshore Magazine reported in the issue of May 7 that an entirely new model will be required to develop the marginal deep water oil fields. He was elaborating on a speech by Dr. Keith Millheim given before the 2008 Offshore Technology Conference in Houston....

Andrew E. Kramer in Moscow reported in the May 12 issue of the International Herald Tribune that last February, Gazprom celebrated the 15th anniversary of the formation of the company. Also celebrated  was the choice of Dmitri Medvedev to become the next president of Russia. Having its former CEO...

Jad Mouawad reported in the May 10 issue of the International Herald Tribune that Libya’s Shukri Ghanem, suggested  production could rise soon. At present, a difference of opinion exists among the several OPEC members. The problem is that prices no longer seem to be tied to market realities. The...