GLG News by Shallow Drilling Experts

Jad Mouawad in New York reported in the November 28 issue of the International Herald Tribune that for the first time in a decade, OPEC members face a test of their unity. Falling crude oil prices, reduced demand and declining revenue are on their collective minds. Although these three distressing factors...

Marcus Hand reported in the Lloyd’s List Newsletter on November 27 that Keppel Offshore and Marine announced that Scorpion Offshore, Seadrill and Ezra Holdings are in talks to possibly cancel rig and support vessel contracts worth $871 million. The two jack up contract is valued at $420 million. The...

In September of 2006, a group of doomsayers in Pisa, Italy predicted the end of the Oil Age. Proponents of the theory say that oil production is at or near its peak. Some geologists think that production has already declined. The peak oil "movement" is an alliance of geologists, physicists, oil industry...

Rigzone News reported on November 18 a summary of a report prepared by AFX News Limited regarding possible participation in a Russian liquefied natural gas (LNG) project by U.S. majors Exxon Mobil (XOM) and ConocoPhillips (COP). Alexander Medvedev, deputy chairman of Gazprom said that the project in...

Jad Mouawad reported in the November 22 issue of the International Herald Tribune that a United States appeals court blocked Royal Dutch Shell from drilling the Sivulliq well 16 miles off the shore of Alaska’s North Slope. The court found that the Interior Department was derelict in the conduct of an...

On November 18 the Rigzone Newsletter reported on an article by Peter Millard of the Dow Jones Newswires concerning the intention of Petroleos de Mexico (Pemex) to lift crude oil production in the complex Chicontepec basin. The national oil company is getting ready to drill at 68 locations. The company...

BASF will  close 80 factories as auto, textile and construction companies reduce orders.The company will force 20,000 employees to work short hours. BASF said demand dropped significantly in early November as world economies slumped. BASF abandoned plans of matching 2007 profits. Chemical companies...

The RIGZONE newsletter reported on November 17 that Southern Pacific Resource had completed its design and cost estimate for an oil sand project at STP-McKay in the Fort McMurray area. The company plans to make an application for a steam assisted gravity drainage permit by April 30, 2009. Bitumen throughput...

OAO Gazprom, Qatar Liquefied Gas Company and National Iraniann Oil company plan a joint venture for South Pars field. Each to own 30% of the project with CNPC or Korean Kogas as a 10% trading partner. South Pars gas will travel to Ras Laffan by pipeline under the Persian Gulf where it will be processed...

Arie Vliegenthart reported in the November 10 issue of the Oil & Gas Journal that swelling elastomers could succeed cement in the completion of oil and gas wells. Cement is the long-standing and traditional way of sealing the casing against the wall of the drilled hole. But it is expensive, time-consuming...