Microsoft 6th Annual Global Energy Forum
Magazine - June 2002

Two wells on the maturing Marathon Oil-operated Beinn gas and condensate field in the North Sea have been subjected to close evaluation to see if recovery could be improved. After the... more


FEATURES
Analysis crucial in deep water

Knowledge of formation fluids during exploration drilling helps operators mitigate investment risks during the life of a reservoir. The need for good, representative reservoir fluid samples is critical to the effective... more

Are you sitting atop an oil gold mine?

Reviving overlooked properties can unlock profits for operators who take a systematic approach to life-cycle field management. A significant reserve of unrecognized profitability is locked up in neglected producing properties. By... more

Staying ahead of the curve

New technology is changing the face of petrophysics, sometimes faster than the petrophysicists can keep up. In 1927 Conrad and Marcel Schlumberger decided to test a theory. Having discovered that the... more

Advances improve data quality

Field tests of the APX acoustic logging-while-drilling (LWD) system demonstrate significant improvement in the signal-to-noise ratio. Acoustic compressional slowness measurements are critical for geomechanical, petrophysical and seismic applications. Conventional wireline... more

Modeling improves prediction

A new process transforms properties measured at a fine scale to equivalent effective properties at a coarser scale. Because accurately predicting permeability is one of the many challenges facing the log... more

Offshore gas hydrates begin to add up

Several projects are under way to study this potentially huge natural resource. With gas hydrates it's easy to get lost in the numbers. To begin with, the units of choice are... more

DOE ready to exploit Arctic's potential

Interest in gas hydrates as a potential fuel source has resulted in a great deal of investment, study and testing. While much of the research has focused on offshore reserves,... more

IT innovations flood market

Upstream IT companies are heeding the calls for streamlined technologies with their latest software programs and Web services. Nowhere in exploraton and production is change happening at a faster pace than... more

The future of oilfield services is IT

The new role of the olifield service company is to support the transfomation of the traditional oil and gas company into a digital enterprise. Satish Pai recently was promoted from... more

Williams implements seamless solutions

A comprehensive business software solution helps integrate operations after a big merger. As one of the largest gas producers in the United States and a leader in the Rocky Mountain region,... more

Leaving nothing to chance

Anadarko uses analytics applications to discover profitable business practices and avoid missteps. Wouldn't it be a different world if engineers could eliminate hundreds of unworthy prospects at a glance? An emerging... more

Grid computing: Will it fly?

Is grid computing the next great technology likely to explode on an unsuspecting energy industry? Computer hardware is cheap these days, but owning that hardware is not. According to the Gartner... more

Keep track of field equipment

Knowing exactly what a midsize company has and where it is located can result in big savings from redeployment of idle equipment. Keeping up with equipment in numerous oil and... more

 
INDUSTRY ROUNDUP
Industry Roundup

NORTH AMERICA BJ Services offset some of its losses this year in Venezuela by introducing new coiled tubing technology. "Operations in Venezuela have declined since 1998," said David Dunlap, BJ Services... more

MARINE TECHNOLOGY
Leaping for Frogs: Unit improves safety

Drilling contractor Transocean Sedco Forex (TSF) is the first in the North Sea to leap on a new type of personnel-transfer capsule, making the carrier standard on its 11 operating... more

MERGERS & ACQUISITIONS
Mergers & Acquisitions

NORTH AMERICA El Paso Corp. sold about US $525 million in properties during the first quarter of the year. The sale is part of a previously announced plan by the... more

OFFSHORE REPORT
To LNG or not to LNG?

The next couple of months will be critical for a pair of significant liquefied natural gas (LNG) projects at opposite ends of the earth. By July, front-end engineering and design (FEED)... more

ON THE MOVE
On the Move

NORTH AMERICA Pioneer Natural Resources Co. named Linda K. Lawson and Robert "Bob" A. Solberg to its board of directors. Baker Hughes Inc. nominated Clarence P. Cazalot Jr. for election... more

WORLD MAP
North America

1. Nevada's Pine Valley has a new producer completed by two Texas companies pumping 254 b/d of oil and 16 b/d of water, reported IHS Energy Group. V.F. Neuhaus Properties... more

Gulf of Mexico

1. Mariner Energy Inc. sold a 25% working interest in the Falcon discovery and nearby prospects in East Breaks 579, 580 and 623 to Pioneer Natural Resources Co. for US... more

Europe

1. Agip was due to drill its first exploration well on the 002 license area by August, but an extension granted by the Faeroes Ministry of Petroleum allows it more... more

South America

1. ExxonMobil has spudded the first of two planned wildcats in the ultradeep waters off Trinidad's East Coast. The Glomar Jack Ryan is drilling the Callicore-1 well in 3,779-ft (1,152-m)... more

Africa

1. Ultradeepwater exploration off Angola is being reassessed after a duster for ExxonMobil on Block 33 and rumors of a dry hole for Norsk Hydro on neighboring Block 34. ExxonMobil team... more

Central Asia

1. Amity Oil of Australia grew into Turkey's second largest gas producer as it brought its Gocerler gas field into production in the Thrace Basin 94 miles (151 km) west... more

Middle East

1. ChevronTexaco plans to start exploration in Bahrain's eastern offshore area later this year. "We have a commitment to drill, and we will go ahead with it, hopefully in September," a... more

Pacific Rim

1. ExxonMobil plans to develop Bintang gas field off the coast of the Malaysian Peninsula in the South China Sea 137 miles (219 km) east of Terengganu for US $150... more

EXPLORATION TECHNOLOGY
Where have the geoscientists gone?

Curriculum changes in US public schools are a step in the wrong direction for new geoscience recruits. It is, by now, no secret that one of the key concerns around the... more

WELL CONSTRUCTION
Drilling for water on Mars

NASA scientists tap the expertise of oil drillers to try to figure out how to construct water wells on the Red Planet. Some of the coolest conversations begin at conferences. This... more

PRODUCTION OPTIMIZATION
They're playing the shale card again

For years, Shell E&P has been conducting a pilot shale oil extraction project in Colorado's Piceance Basin. And they've been rather quiet about it. Shell's not making a big deal... more

AS I SEE IT
Is it happening too fast?

This industry can take great pride in the technological accomplishments of the past 20 years. Advances like 3-D seismic, horizontal drilling and deepwater technology - just the tip of the... more

MANAGEMENT REPORT
Observations vary on oilpatch equality

This is part two of a three-part series examining the challenges and opportunities women face in the oil patch. The information was collected through a brief e-mail questionnaire with a... more

ACTIVITY SPOTLIGHT
Mexico offers limited gas opportunities

If US politicians are looking to Mexico to fill shortfalls in gas production, they'd better turn somewhere else. Mexico can't fill its own increasing demand, and restrictive laws will keep... more

THE LAST WORD
Oklahoma reclaims respect

Ten years ago, industry leaders in Oklahoma had a vision: to restore abandoned well sites and educate the community on the contributions of the oil and gas industry. The motivation... more



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