OGJ - Current Issue

Shale oil, gas resources 'abundant' worldwide, EIA/ARI study finds

Conglin Xu — Mon, 17 Jun 2013 16:26:00 GMT

Shale oil and shale gas resources are "abundant" around the globe, according to a recent study conducted by Advanced Resources International Inc. under contract to the US Energy Information Administration.

Exploration/ Development Briefs

Mon, 17 Jun 2013 05:00:00 GMT

Watching Government: Lautenberg's safety legacy

Nick Snow — Mon, 17 Jun 2013 05:00:00 GMT

At first glance, Frank R. Lautenberg (D-NJ) did not have as much impact on the oil and gas industry as other US senators before he died on June 3. A closer look, however, reveals that his ongoing interest in chemical safety left its mark on refining and petrochemicals.

US and the Middle East

Mon, 17 Jun 2013 05:00:00 GMT

Of all the mistakes the US can make about an especially turbulent Middle East, one should be especially easy to describe and avoid.

UK launches review of offshore oil, gas

Mon, 17 Jun 2013 05:00:00 GMT

The UK government has launched an independent review of nontax influences on offshore oil and gas activity, acknowledging the need for careful management of a mature but still-promising industry.

OGJ Newsletter

Mon, 17 Jun 2013 05:00:00 GMT

International news for oil and gas professionals

Chevron, PDVSA sign Petroboscan finance deal

Mon, 17 Jun 2013 05:00:00 GMT

Chevron International and Petroleos de Venezuela SA have signed a $2 billion long-term credit line for their Petroboscan joint venture that PDVSA says aims at raising production at Boscan heavy oil field by 20,000 b/d.

BlackPearl advances Onion Lake thermal EOR

Mon, 17 Jun 2013 05:00:00 GMT

BlackPearl Resources Inc., Calgary, will accelerate thermal enhanced oil recovery at a heavy oil property now producing conventionally in Saskatchewan to help finance a larger oil sands development in northern Alberta called Blackrod (OGJ Online, May 6, 2012).

Petrobras starts production from Lula northeast presalt

Mon, 17 Jun 2013 05:00:00 GMT

Petroleo Brasileiro SA (Petrobras) reported the start of oil and gas production from the 7-LL-11-RJS well in Lula Northeast field offshore Brazil.

Interior gives more time for comments on frac rule proposal

Nick Snow — Mon, 17 Jun 2013 05:00:00 GMT

Oil and gas producers will have another 60 days to comment on the US Bureau of Land Management's latest proposed regulations for hydraulic fracturing operations on onshore public lands, US Interior Secretary Sally Jewell announced.

Phone surveillance arouses libertarian passions in the US

Bob Tippee — Mon, 17 Jun 2013 05:00:00 GMT

Outrage over the US government's broad harvest of communications data is like antioil rhetoric from activists who drive sport-utility vehicles.

State air regulators ask to be part of EPA settlement discussions

Nick Snow — Mon, 17 Jun 2013 05:00:00 GMT

Noting that they are responsible for actually implementing about 90% of the US Environmental Protection Agency's requirements, air-quality regulators from 48 states have asked to be included when EPA tries to settle lawsuits brought by environmental organizations.

Days of wine and solar panels

Sam Fletcher — Mon, 17 Jun 2013 05:00:00 GMT

In what some are calling the first "Green War," the European Union imposed antidumping levies on imports of Chinese solar panels, and Beijing responded with an antidumping and antisubsidy probe into imports of EU wine. Seems Europe and China will test whether a meal without wine is like a day without sunshine panels.

Sound policies needed to develop oil, gas resources, Watson says

Nick Snow — Mon, 17 Jun 2013 05:00:00 GMT

US government policymakers should use the opportunity that a dramatically improved US oil and gas outlook provides to generate more federal revenue by reforming the federal tax code, increasing access to public lands, and encouraging more thoughtful environmental policies, Chevron Corp. Chief Executive Officer John S. Watson suggested.

Witnesses describe benefits from expanding OCS activity

Nick Snow — Mon, 17 Jun 2013 05:00:00 GMT

Expanded oil and gas activity on the US Outer Continental Shelf would produce substantial economic and energy security benefits, three witnesses told a US House Natural Resources subcommittee.