GLG News by Oil and Gas Well Drilling Experts

Jad Mouawad in New York reported in the September 23 issue of the International Herald Tribune that crude oil prices posted their largest one day gains on Monday. The price rose more than $25/bbl as investors rushed into commodities. The government mulled a bail out plan to save the financial system....

Hatem Nasr with vMonitor Inc., Houston, reported in the September 22 issue of the Oil & Gas Journal that because of expanding use of electric submersible pumps (ESP), companies in the Middle East now deploy more surveillance and optimization technology. In many parts of the world, operators install...

The Oil & Gas Journal reported in the issue of September 22 that Talisman Energy Inc is encouraged by tests from its first Utica shale gas well in Quebec’s St. Lawrence Lowlands. The firm holds 760,000 net acres. They plan to drill three more wells by end 2008. Gentilly-1, completed in the Utica,...

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...

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...

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...