No fishing job is a welcome operation, but this new edition of a classic reference helps you do the job efficiently and economically. This practical guide is packed with illustrations and descriptions of fishing equipment and tools to help you solve just about any fishing problem. Foremen, engineers, and superintendents who write procedures, make drilling decisions, and supervise operations will find this handy book invaluable, and trainees will find it an excellent learning manual.
This blog contains the information or news on mining such as exploration, oil well drilling, Gold, Coal, crude oil, mining, gasoline, mining companies, mining exploration, petroleum
Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts
Monday, November 21, 2011
Saturday, April 4, 2009
Crude Power: Politics and the Oil Market
"This book is highly recommended for anyone who wishes to understand the relationship between oil suppliers, consumers and governments
Crude Oil Chemistry
Top Mining News: Read the following information on crude oil chemistry.
Crude Oil Chemistry is foremost a scientifically exact guide to the full family of classical and modern analytical and process technologies in petroleum refining. In widening its vision also to incorporate a geological history of petroleum formation, present-day geopolitical and economic issues, and approaches to redress and improve the delicate ties between the petroleum industry and the environment, this superlative reference succeeds as a total representation of the factors going into the chemistry of crude oil—and their outward bound ramifications.
Friday, April 3, 2009
Oilfield Processing: Crude Oil (Oilfield Processing of Petroleum)
Top Mining News: Do you want to know the process of crude oil to be petroleum? If so It is better for you to read the information below:
This second volume from Manning and Thompson covers process descriptions, designs methods, operating procedures, and troubleshooting in great detail. Nearly every chapter is concluded with review questions and practical numerical problems. Like Volume One, this new text is the definitive source on its topic and contains numerous diagrams and appendices, as well as case histories. Following the format set forth in their first volume, the authors have included a glossary of terms and list of abbreviations as well as conversion units. Volume Two covers phase separation, firetube heaters, energy conservation, instrumentation and process control as well as pressure relief and flaring. Contents: Introduction and scope; Characterization of crude oil; Phase behavior of crude oil; Water-in-crude-oil emulsions; Field processing of crude oil; Separation of gas, oil and water; Dehydration of crude oil; Desalting of crude oil; Crude sweeting & stabilization; Pumps; Measurement of crude oil; Fire heaters; Pipeline transportation; Energy conservation; Instrumentation and process control; Pressure relief and flaring; Case histories; Appendices.
Sunday, March 29, 2009
Operational Aspects of Oil and Gas Well Testing (Handbook of Petroleum Exploration and Production)
Hardbound. Well Testing is recognised by many operating oil and gas companies to be the most hazardous operation they routinely undertake. Therefore, it is of great importance that such operations are extremely well planned and executed. This handbook covers all the major "Operational Aspects of Oil and Gas Well Testing" and uses a structured approach to guide the reader through the steps required to safely and effectively plan a well test operation under just about any circumstances world wide. Safety procedures and well testing recommended practices are rigorously addressed in this book, as are the responsibilities of those persons involved in well testing operations.
Perforating equipment, drill stem test equipment and bottom hole pressure gauges are discussed in detail in the book. There is also a very valuable section on sub sea equipment, an area often not well understood even by experienced engineers who may have been primarily invo
Wildcatters: Texas Independent Oilmen (Kenneth E. Montague Series in Oil and Business History)
In the 1970s and 1980s the Texas wildcatter was a recognizable figure in popular culture. Since then, the wildcatter's role is less celebrated but still important, as shown in the new introduction to this edition of a book originally published in 1984 by Texas Monthly Press.
Drawing heavily on oral histories, this book tells the story of the West Texas independents as a group, looking at their business strategies in the context of their national, regional, and local conditions. The focus is on the Permian Basin and southeastern New Mexico over the sixty-year period in which the region rose to prominence on the American oil scene, producing about one-fifth of the nation's output. It is a story that covers vast technological change, governmental regulation, and economic fluctuation with profound implications for the oil and gas community.
The new introduction brings the story up-to-date by addressing not only the subsequent careers of the wildcatters described in the book but also the role of independents in the current economy.
NEW Patent CD for Apparatus for storing and dispensing oil and gas well drilling fluids
Following is a sample of the information contained on this cd... STATEMENT REGARDING FEDERALLY SPONSORED RESEARCH OR DEVELOPMENTNot applicableREFERENCE TO A "MICROFICHE APPENDIX"Not applicableBACKGROUND
OF THE INVENTION1. Field of the InventionThe present invention relates to the handling of oil and gas well drilling fluids, especially in an offshore or marine environment. More particularly, the present invention relates to an improved oil and gas well fluids transfer apparatus that features a first module carrying multiple supply reservoirs for holding different drilling or production fluids and a second, typically smaller supply module for holding one or more resupply modules and wherein a docking station interfaces the two modules, and fluid transfer being effected with specially configured piping so that any one reservoir can be filled with a selected resupply reservoir that is docked on the docking station.2. General Background of the InventionIn the drilling of oil and gas wells, a large number of different fluids are typically employed. These fluids can include various chemical formula that assist the driller. These fluids can include, for example, drilling mud, surfactance, brine solutions, thickening solutions, other oil well drilling or completions fluids and the like.In costal, or other offshore marine environment, the drilling of oil and gas wells employs a platform that can be floating, semi-submersible, fixed, tension leg, spar or the like. Such coastal, offshore or marine oil platforms are well known in the art.An offshore marine platform typically suffers from lack of space. These special constraints are due to the enormous expense of constructing offshore drilling platforms. A huge array of equipment is needed for the drilling and operation of oil and gas wells. Constant supply and resupply that is an ongoing procedure. Huge work boats carry drill pipe, equipment, personnel, food, drilling fluids, completion fluids, and other mater
Classic Oil Industry, Drilling Films on DVD
Classic Oil Industry, Drilling Films on DVD..Table of Contents: Twenty-Fours Hours of Progress I-(1950) Run time: 13:51 How the oil industry is central to the American economy. It was actually quite easy to pick up, basically it involves how gas products are used by the general public in a 24 hour period..Desert Venture (Part I) & (Part II)- Run time: 30:53 If you can get past the Saudis forever smiling to the Americans, this is a highly enjoyable educational film on how of course, the Americans were responsible for Oil in Saudi Arabia..American Frontier-(1950s)- Run time: 12:37 Humanistic film showing the effects of an oil discovery on Williston, North Dakota and the surrounding region. This film documents the coming of oil drilling to North Dakota and it's effects on the people living there..Destination Earth- (1956) Run time: 13:36 In this corporate-sponsored cartoon, Martian dissidents learn that oil and competition are the two things that make America great..Down the Gasoline Trail- (1935) Run time: 7:55 Cartoon showing what happens to a drop of gasoline from the time it flows into the gas tank to when it is exploded in the engine cylinder..Oil for Aladdin s Lamp- Run time: 20:32 The romance of the petroleum industry, showing how dependent our society is on oil and petrochemical products. Remake and update of the original (1933) version..
Effects of Oil Drilling on Oysters: A Pro Oil Propaganda Film from the 1960s
Progress Parade is a petroleum "newsreel" that really is just a promotional video for the oil industry. The film is unintentionally uproarious, however, as the advancements in crude oil refining, oil use, and oil production are often frightening! A University of Louisiana study investigating the effects of nearby oil-drilling on the oyster population takes a ridiculous approach: tanks of oysters are shown in the lab, being doused with oil, and tested. Hilariously, the research concludes that oil and drilling explosions have no effect on the oysters, proving that the petroleum industry is a "good neighbor" to the oyster fisherman! Many other scenes of oil application are examined, always with the result that petroleum and petroleum products are a boon to mankind. A great piece of the history of petroleum, Progress Parade is a beautiful example of oil and energy propaganda in the United States.
Texas Oil & Gas Since 1543
When it was first published in 1939, oil historian James A. Clark called this book, "the most valuable collection of historical, biographical, and statistical data on Texas oil ever assembled." That is still true today. It is the definitive history of the petroleum industry in Texas, exhaustively addressing the geology, technology and economic impact of the industry that made Texas synonymous with oil. Mr. Warner provides a well-articulated and accurate account of the early discoveries, fields, and oilmen in the state. This expanded edition includes previously unpublished material extending further the scope of the original 1939 text. Illustrated with photos and production statistic charts by county.
Thursday, March 26, 2009
Rex Energy Corporation Completes Sale, Nets $17.3 Million

Rex Energy Corporation announced that it has closed on the sale of its Southwestern Region assets for net cash proceeds of approximately $17.3 million, subject to any final closing adjustments. The sale to Adventure Exploration Partners, LLC of Midland, Texas consisted of properties in Texas and New Mexico, predominately located in the Permian Basin.
The sale of these non-core assets was part of Rex Energy’s strategic plan to focus their efforts on Marcellus Shale drilling projects in the Appalachian Basin and the Lawrence Field Alkali-Surfactant-Polymer (”ASP”) Flood Project development in the Illinois Basin.
Benjamin W. Hulburt, President and Chief Executive Officer of Rex Energy, said, “Given the current commodity prices and economic environment, I am very pleased with our team’s ability to successfully divest these non-core assets.” Hulburt continued, “Rex Energy is dedicated to maintaining a conservative balance sheet, and the cash generated from the sale of our Southwestern Region assets will be used to uphold this commitment as well as supplement our 2009 capital budget.”
KeyBanc Capital Markets, Inc. served as Rex Energy’s advisor in connection with the transaction
First Oil & Gas from the Shenzi Field in Deepwater Gulf of Mexico

BHP Billiton announced that first oil and natural gas production has commenced from the Shenzi development in the deepwater Gulf of Mexico. The tension leg platform (TLP) has a nominal capacity of 100,000 barrels of oil per day and 50 million cubic feet per day of natural gas, on a 100 percent basis.
The Shenzi facility is located approximately 120 miles (195 kilometres) off the Louisiana coastline and is installed in approximately 4,300 feet (1,300 metres) of water on Green Canyon Block 653, making it the second deepest TLP in the world.
J. Michael Yeager, Chief Executive, BHP Billiton Petroleum, said the development came on-stream ahead of schedule and within budget and is another important milestone in the expansion of Petroleum’s operated projects.
“Shenzi joins the already producing Neptune field as the second BHP Billiton operated, standalone, deepwater facility in the Gulf of Mexico. Together with Genghis Khan, Atlantis and Mad Dog, the company has realised a significant increase in production in the region after considerable investment and technical focus.”
“This achievement reflects a well executed work plan in a complex deepwater environment. This is a credit to the project team whose strong performance has allowed the company to safely deliver a world-class project and add to a growing Petroleum asset portfolio,” added Mr. Yeager.
The Shenzi field comprises four blocks: Green Canyon 609, 610, 653 and 654. Initial field development includes seven subsea wells tied back to the TLP, with full field development expected to expand to a total of 15 producing wells and future water injection wells. Crude oil is transported via a 20-inch diameter pipeline connecting to Ship Shoal 332 B, while natural gas will be exported via the Cleopatra pipeline (where BHP Billiton has a 22 percent equity share).
BHP Billiton is the operator with 44 percent equity. Joint interest participants are Hess Corporation and Repsol, each with a 28 percent equity.
Friday, March 20, 2009
Natural Gas Oversupply and New Pipeline Capacity Promise Bonanza for Northeast Natural Gas Buyers
Top Mining News: This is the mining news on A new report from BENTEK Energy which examines the consequences of rapidly changing natural gas market conditions in the Northeast resulting from continuing increases in domestic production, new pipeline infrastructure and shifwww.miningtopnews.comts in the sources of natural gas imports. The original post of this article below is taken from www.miningtopnews.com
A new report from BENTEK Energy examines the consequences of rapidly changing natural gas market conditions in the Northeast resulting from continuing increases in domestic production, new pipeline infrastructure and shifts in the sources of natural gas imports. Just issued, Part 3 of BENTEK’s “Catch the Wave™” Market Alert series illustrates important Northeast market developments during Winter 2008-09 and describes how new drilling and completion technologies are changing the competitive landscape in the Northeast and across North America.
“It has been a long time since Northeast gas buyers have been faced with such a combination of attractive supply alternatives combined with highly complex market dynamics,” noted E. Russell (Rusty) Braziel, BENTEK managing director. “In just a few short weeks, the Rockies Express Pipeline will thrust Rockies producers into direct competition with suppliers from the Gulf and Midcontinent regions for Northeast market share. Production from those same regions continues to increase, even in the face of lower prices and falling rig counts. In the Gulf, production is growing so fast that it is threatening to exceed maximum outbound throughput capacity on all of the region’s major pipeline systems. Demand destruction and LNG imports remain wildcards. It is a lot of things to be hitting the market at the same time, but mostly good for natural gas buyers.”
U.S. gas production is expected to grow in 2009 despite the recession and drilling cut backs, as producers move drilling rigs to areas with much higher per well initial production rates, such as the Haynesville play located in northwest Louisiana and East Texas. This shift in capital deployment combined with the aggressive application of new drilling and completion technologies are offsetting the impact of a free-fall in the rig count, with the net result an expected 4% increase in production for 2009, according to the report.
“The application of new drilling technologies to unconventional resource plays in areas where the geology is well understood has resulted in extremely high well success rates and much larger reserves inventories,” said Braziel. “As a consequence, many of the traditional finding and development uncertainties in the E&P business are being replaced by risks generally associated with classical manufacturing economics, such as overcapacity, high inventories, and marginalized prices. This has important implications for the supply-demand balance over the long term.”
On the demand side, the BENTEK report sheds light on the apparent discrepancy between demand and pricing in the Northeast this winter. While the recession has resulted in some demand destruction, the impact has been muted by strong winter heating demand. Average Northeast demand is up about 4% this winter with peak demand soaring more than 35 Bcf/d (billion cubic feet per day) on January 16, 2009, compared to peaks of 28-32 Bcf/d during the previous four winters. In contrast, peak and average daily gas price premiums in the Northeast this winter have been significantly lower compared to last winter, with access to cheaper supplies due to pipeline expansions such Millennium-NE07 being the primary contributing factor. This development has important implications for the Summer of 2009 and beyond with the completion of Rockies Express and other pipeline projects.
“The other big factor is imports,” Braziel continued. “Imports from Canada are expected to continue decreasing as conventional production in the Western Canadian Sedimentary Basin declines. However, most of the decrease will take place at border crossing points in the Midwest and West, which will have a minimal effect on Northeast supply levels. Canadian imports averaged 10.7 Bcf/d in 2008, but are projected to decline slightly to average about 10.4 Bcf/d in 2009.”
With prices below $4.00/MMbtu (million British thermal units) and expected to trend lower, the report also casts doubt that the U.S. could end up being a major dumping ground for global LNG surpluses, at least in the short term. If LNG does show up, the most likely destinations are expected to be terminals on the Atlantic Seaboard and Atlantic Canada, not those on the Gulf Coast.
In addition to its “Catch the Wave™” Market Alert series, BENTEK offers the Northeast Observer™ to provide daily updates and a weekly summary of market developments and a comprehensive analysis of all market factors pertinent to the Northeast region. For more information about BENTEK’s “Catch the Wave™” Market Alert series or Northeast Observer™, go to www.bentekenergy.com or call BENTEK at 888-251-1264. Learn about these developments and more at BENTEK’s natural gas symposium in Houston, TX, June 2-4, 2009. For more information go to: www.bentekenergy.com/benposium.
A new report from BENTEK Energy examines the consequences of rapidly changing natural gas market conditions in the Northeast resulting from continuing increases in domestic production, new pipeline infrastructure and shifts in the sources of natural gas imports. Just issued, Part 3 of BENTEK’s “Catch the Wave™” Market Alert series illustrates important Northeast market developments during Winter 2008-09 and describes how new drilling and completion technologies are changing the competitive landscape in the Northeast and across North America.
“It has been a long time since Northeast gas buyers have been faced with such a combination of attractive supply alternatives combined with highly complex market dynamics,” noted E. Russell (Rusty) Braziel, BENTEK managing director. “In just a few short weeks, the Rockies Express Pipeline will thrust Rockies producers into direct competition with suppliers from the Gulf and Midcontinent regions for Northeast market share. Production from those same regions continues to increase, even in the face of lower prices and falling rig counts. In the Gulf, production is growing so fast that it is threatening to exceed maximum outbound throughput capacity on all of the region’s major pipeline systems. Demand destruction and LNG imports remain wildcards. It is a lot of things to be hitting the market at the same time, but mostly good for natural gas buyers.”
U.S. gas production is expected to grow in 2009 despite the recession and drilling cut backs, as producers move drilling rigs to areas with much higher per well initial production rates, such as the Haynesville play located in northwest Louisiana and East Texas. This shift in capital deployment combined with the aggressive application of new drilling and completion technologies are offsetting the impact of a free-fall in the rig count, with the net result an expected 4% increase in production for 2009, according to the report.
“The application of new drilling technologies to unconventional resource plays in areas where the geology is well understood has resulted in extremely high well success rates and much larger reserves inventories,” said Braziel. “As a consequence, many of the traditional finding and development uncertainties in the E&P business are being replaced by risks generally associated with classical manufacturing economics, such as overcapacity, high inventories, and marginalized prices. This has important implications for the supply-demand balance over the long term.”
On the demand side, the BENTEK report sheds light on the apparent discrepancy between demand and pricing in the Northeast this winter. While the recession has resulted in some demand destruction, the impact has been muted by strong winter heating demand. Average Northeast demand is up about 4% this winter with peak demand soaring more than 35 Bcf/d (billion cubic feet per day) on January 16, 2009, compared to peaks of 28-32 Bcf/d during the previous four winters. In contrast, peak and average daily gas price premiums in the Northeast this winter have been significantly lower compared to last winter, with access to cheaper supplies due to pipeline expansions such Millennium-NE07 being the primary contributing factor. This development has important implications for the Summer of 2009 and beyond with the completion of Rockies Express and other pipeline projects.
“The other big factor is imports,” Braziel continued. “Imports from Canada are expected to continue decreasing as conventional production in the Western Canadian Sedimentary Basin declines. However, most of the decrease will take place at border crossing points in the Midwest and West, which will have a minimal effect on Northeast supply levels. Canadian imports averaged 10.7 Bcf/d in 2008, but are projected to decline slightly to average about 10.4 Bcf/d in 2009.”
With prices below $4.00/MMbtu (million British thermal units) and expected to trend lower, the report also casts doubt that the U.S. could end up being a major dumping ground for global LNG surpluses, at least in the short term. If LNG does show up, the most likely destinations are expected to be terminals on the Atlantic Seaboard and Atlantic Canada, not those on the Gulf Coast.
In addition to its “Catch the Wave™” Market Alert series, BENTEK offers the Northeast Observer™ to provide daily updates and a weekly summary of market developments and a comprehensive analysis of all market factors pertinent to the Northeast region. For more information about BENTEK’s “Catch the Wave™” Market Alert series or Northeast Observer™, go to www.bentekenergy.com or call BENTEK at 888-251-1264. Learn about these developments and more at BENTEK’s natural gas symposium in Houston, TX, June 2-4, 2009. For more information go to: www.bentekenergy.com/benposium.
Friday, February 20, 2009
ECCO Energy Signs Letter of Intent With Samurai Corp to Acquire 40 Producing Wells in Ohio

On December 31, 2008, ECCO Energy Corp. signed a letter of intent to purchase properties from Samurai Corp, Inc., including the working interests in the properties previously owned by Lake Fork Resources, LLC in Ohio and the M-J Oil Company, also in Ohio.
These acquisitions include 40 producing wells and multiple development drilling opportunities, as well as opportunities to increase production from currently producing wells. These wells are located in eleven counties in eastern Ohio. ECCO will operate all of the wells. There are multiple productive horizons, including the Clinton Sandstone, Ohio Shale, Oriskany Sandstone, Berea Sandstone and Marcellus Shale. Current net production is approximately 240 mcf and 23 barrels of oil per day.
ECCO plans to complete the transaction by the end of February 2009, and the effective date of the transaction will be December 31, 2008.
Sam Skipper, ECCO’s President, said, “This is a major acquisition for our company. It provides us with additional producing property with long life reserves. ECCO’s management team has identified 18 existing wells containing Marcellus Shale sands, and once recompleted, we feel the properties will significantly enhance current production with additional oil and gas volume.”
Brinx Announces First Well in the 2008-3 Program Intercepts 200 Feet of Gross Pay

Brinx Resources has announced that the first well in Ranken Energy’s 2008-3 drilling program, the Selman #1-21, was drilled and reached a total depth of 6842 feet on January 28, 2009.
Open logs were run on the well and indicate a gross pay interval with gas shows from 6046′-6051′ in the Gibson Sand and from 6054′-6234′ and 6444′-6460′ in the Viola Formation. Scattered minor shows were also present in the interval between the 6234′ and 6444′ The top of the Viola was found 47 feet structurally high to the nearest well that produced 577 million cubic feet of gas and 9,572 barrels of oil. Completion of the well should start within the next two weeks.
The 2008-3 program is composed of four 3-D seismically defined separate prospects with one exploratory well in three of the prospects and two in the fourth prospect. Targeted pay zones for each of the four prospects include the prolific Oil Creek and Bromide Sands, Viola Limestone, Deese Sandstone and Layton Sandstone. One of the exploration wells has very similar geology and structure to the Bromide sands in the successful Owl Creek field previously owned by Brinx.
The recent drop in drilling and completing costs within the oil and gas sector has encouraged Brinx to resume its exploration activities. It is anticipated that the successful wells in this program will lead to additional development wells that can be drilled when the market for oil and gas prices recover. These potential well locations and those that already have been identified on Brinx’s other two prospects, both of which are still producing economic quantities of oil and gas, should give Brinx ample locations to drill in the future.
Brinx Resources is an expanding exploration company focused on developing North American oil and natural gas reserves. The Company’s current focus is on the continued exploration and development of its land portfolio comprised of working interests in the Three Sand Project in Noble County, Oklahoma (40% interest); 5% working interest in the Ranken Energy’s 2008-3 program; and the Palmetto Point Project in Mississippi (8 to 8.5% interest). Brinx Resources is seeking to further develop its existing project through development or offset drilling and expand its portfolio to include additional interests North America.
Friday, January 9, 2009
Iran Oil: The New Middle East Challenge to America
From the dramatic moment in the early hours of 26 May 1908 when a British geologist, George Reynolds, was suddenly woken in his tent by earth tremors and the sound of something violently bursting through the ground outside, Iran's oil has always been an intensely political commodity. for in the years that followed their discovery, at this remote wilderness spot known as Masjid-i-Suleiman, these enormous oil reserves were a prize of immense value over which numerous participants played desperate political games and fought often vicious military battles, typically sparing no expense in their determination to take procession or to keep rivals at bay.
Gulf Oil and Gas: Ensuring Economic Security
In recent years, geopolitical disruptions, tightening oil supply, refining constraints and rising demand have combined to maintain high oil prices, allowing Middle East oil producers to capitalize on the resulting revenue windfall. However, formidable challenges for long-term production loom ahead: Can Gulf oil producers allay the supply security concerns of major consumer nations? How will limitations in crude quality and constraints in refining capacity impact on global energy markets? How can OPEC maintain reasonable oil prices in the face of exhaustible oil supplies and inexhaustible global demand? How will growing non-OPEC production affect OPEC’s predominant market position in the future?
Gulf Oil and Gas assesses the vital energy issues: the globalization of the gas trade, trends in crude quality; cooperation between consumers and producers; links between national and foreign oil companies; future demand for Gulf energy; prospects for augmented Gulf production; sustainability of Saudi Arabia’s excess capacity; concerns over oilfield security; imperatives for attracting investment and the need for additional oil refining capacity. For the Gulf producers, ensuring economic security means going beyond petroleum resource management to formulate policies leading to diversified national development and greater economic cohesion while safeguarding the region’s strategic position in an integrated world economy.
Can Gulf oil producers allay the supply security concerns of major consumer nations? How will limitations in crude quality and constraints in refining capacity impact on global energy markets? How can OPEC maintain reasonable oil prices in the face of exhaustible oil supplies and inexhaustible global demand? How will growing non-OPEC production affect OPEC’s predominant market position in the future? Gulf Oil and Gas assesses the vital energy issues: the globalization of the gas trade, trends in crude quality; cooperation between consumers and producers; links between national and foreign oil companies; future demand for Gulf energy; prospects for augmented Gulf production; sustainability of Saudi Arabia’s excess capacity; concerns over oilfield security; imperatives for attracting investment and the need for additional oil refining capacity.
Gulf Oil and Gas assesses the vital energy issues: the globalization of the gas trade, trends in crude quality; cooperation between consumers and producers; links between national and foreign oil companies; future demand for Gulf energy; prospects for augmented Gulf production; sustainability of Saudi Arabia’s excess capacity; concerns over oilfield security; imperatives for attracting investment and the need for additional oil refining capacity. For the Gulf producers, ensuring economic security means going beyond petroleum resource management to formulate policies leading to diversified national development and greater economic cohesion while safeguarding the region’s strategic position in an integrated world economy.
Can Gulf oil producers allay the supply security concerns of major consumer nations? How will limitations in crude quality and constraints in refining capacity impact on global energy markets? How can OPEC maintain reasonable oil prices in the face of exhaustible oil supplies and inexhaustible global demand? How will growing non-OPEC production affect OPEC’s predominant market position in the future? Gulf Oil and Gas assesses the vital energy issues: the globalization of the gas trade, trends in crude quality; cooperation between consumers and producers; links between national and foreign oil companies; future demand for Gulf energy; prospects for augmented Gulf production; sustainability of Saudi Arabia’s excess capacity; concerns over oilfield security; imperatives for attracting investment and the need for additional oil refining capacity.
Wednesday, December 10, 2008
CGX Energy Completes Corentyne 3D Seismic Program
CGX Energy Inc. announce that shooting of the 536 sq km 3D seismic survey on CGX’s 100% Corentyne Petroleum Prospecting Licence (PPL) has been completed. In the Georgetown PPL, in which CGX holds a 25% interest, the survey has been expanded by 200 sq km to 1,850 sq km. The Georgetown survey has been shot in parallel with the Corentyne and is expected to be completed after the New Year.
Kerry Sully, President & CEO stated, “CGX Energy’s share of the combined program is estimated to be $16 million, including this seismic. The Company’s Board of Directors has approved a capital program for the period ending September 2009 of $18 million. Additional items will include seismic interpretation, well drilling design and an environmental assessment study. These items will be funded by CGX from existing working capital that at the end of September 2008 was approximately $35 million.”
CGX Energy Inc. is a Canadian-based oil and gas exploration company focused on the exploration for oil in the Guyana basin. CGX is managed by a team of experienced oil and gas and finance professionals from Canada, USA and the UK. CGX is financed internationally and has shareholders worldwide.
Additional information on CGX Energy may also be examined and/or obtained through the internet by accessing CGX Energy’s website at www.cgxenergy.com
Kerry Sully, President & CEO stated, “CGX Energy’s share of the combined program is estimated to be $16 million, including this seismic. The Company’s Board of Directors has approved a capital program for the period ending September 2009 of $18 million. Additional items will include seismic interpretation, well drilling design and an environmental assessment study. These items will be funded by CGX from existing working capital that at the end of September 2008 was approximately $35 million.”
CGX Energy Inc. is a Canadian-based oil and gas exploration company focused on the exploration for oil in the Guyana basin. CGX is managed by a team of experienced oil and gas and finance professionals from Canada, USA and the UK. CGX is financed internationally and has shareholders worldwide.
Additional information on CGX Energy may also be examined and/or obtained through the internet by accessing CGX Energy’s website at www.cgxenergy.com
Wednesday, December 3, 2008
Oil and Labor in the Middle East: Saudi Arabia and the Oil Boom
Based on the author's first-hand research and experience in Saudi Arabia, this monograph presents a highly readable account of the internationalization of the Middle East's labor force during and after the oil boom of 1973-83. Written from the perspective of an active participant rather than that of an academic observer, Oil and Labor in the Middle East analyzes the expatriate workers' world and the multinational companies employing them. It will prove particularly valuable to readers -- business executives, workers, government representatives, and labor leaders -- involved in the exchange of labor across national borders.. Woodward demonstrates that the treatments influx of foreign workers into the Middle East during the oil boom created a complex supranational world of people and corporations -- and an inevitable clash of cultural, economic, and political perspectives.
He explores facets of the expatriate experience that have received little treatment elsewhere: the labor pyramid, the relationship between expatriate and host country labor force, the commercial/industrial environment, bargaining position and risk, and the governments of countries sending labor overseas. Finally, Woodward examines individual considerations critical to the decision to become an expatriate worker: personal motivation, living conditions, cultural differences, salaries, and the value of savings.
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