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The latest petroleum news around the world, hot topics, new technologies, post or request oil jobs, post or request oil projects, oil field trading, oil equipment trading ......

Mission Statement is designed to be interactive center for current information regarding the peak in global energy supply, new E&P technology, business opportunity. We will publish news and research concerning: The current situation, such as Innovations or partial solutions to this crisis, new technology, Joint Venture Project, new idea, oil & gas production data, economic or societal clues to decline profiles, and relevant institutional pronouncements. Any other issues which assist our understanding of the broader implications of the oil peak.

We welcome original content, and we invite industry insiders and independent researchers to submit their insights and findings relevant to these issues.

How it works
Users of the site contribute articles through the article submission form. Our editors will approved these stories for publication.

We welcome constructive criticism at all times, and invite all readers to leave comments on the articles and also to send feedback by email

Created on 02/04/2003 10:24 AM by admin
Updated on 11/13/2006 02:42 PM by admin
 Printable Version

Today Oil & Gas News

Wednesday, October 26, 2016

Industry Headlines

Virtual 3D Training Facilities Invoke Gaming Aspect, Lower Responsibility
Virtual 3D training facilities lower inferred responsibility due to their gaming nature, said Tatneft Oil Company's Sergey Ostrovsky in a presentation at the EMEA HUG conference in The Hague.

Iraq Lures Investors To Boost Its Oil Output As OPEC Debates Cuts
As OPEC gathers in Vienna next month to consider cutting its oil output, a lower profile event in Baghdad on the same day will signal Iraq's longer term ambition to do precisely the opposite.

After 20,000 Job Cuts, World's Top Shipyards Brace for More
South Korea's shipbuilding industry - home to the world's top three manufacturers - has eliminated more than 20,000 jobs this year.

Knapp: Industry Should Hire Hackers to Boost Cybersecurity
The oil and gas industry should hire hackers in order to boost cyber-security, said Eric Knapp, chief engineer for cybersecurity solutions and technology at Honeywell Process Solutions.

The Development of Oil, Gas UAV Technology in the Middle East
The Middle East has proven to be a sustainable land of opportunity for UAV operations associated with the hydrocarbon sector.

PSA Asks Statoil Whether Recent Incidents Related To Cost Cutting
Norway's PSA says it asked Statoil to investigate whether a number of recent incidents at the oil producer's facilities might be related and linked to cost cuts.

Top Exec Behind Dakota Access Has Donated More Than $100,000 To Trump
The top executive at the company behind the embattled Dakota Access Pipeline has donated more than $100,000 to presidential candidate Donald Trump since June.

Despite Positive EIA Data, Oil Falls on OPEC Cut Concerns
Ahead of Wednesday morning's inventory data release from the Energy Information Agency (EIA), crude prices hit a three-week low.

Tuesday, October 25, 2016

Industry Headlines

Oil Down; US Crude Settles Below $50 On Stockpile Concerns
Oil prices fall more than 1%, with US crude settling below $50 per barrel for the first time in a week.

US Said to Be Closing In on PDVSA-Linked Seizures, Charges
Federal prosecutors are preparing to charge several individuals and confiscate their property over the alleged looting of Venezuela's state oil company.


well log digitization, well log digitizing

Posted by: anonymous on 11/14/2009 11:00 AM (Read: 11138)
Well log digitizing Well log digitization - Logdigi,LLC provides the lowest price well log digitizing, well log digitization service, the highest quality, and the fastest well log digitizing service. Logdigi's automated well log digitizing system is a new strong Competitor of other companies - Well Log Digitizing system. Logidigi's well log digitizing fee is much cheaper than other digitization company. *Well Log Digitization price: average US$19/well *Convert(digitized)paper log to digital log within 2 hours, faster than *ohter well log Digitizer *Accommodate order large and small, rush or long term *Guarantee high quality Service, 100% customer satisfaction *Use automated digitizing software to digitize, automated tracing well log *Quality Control: digitization software has an efficient "Automatic Match Function" *Deliver well-logging data in standard LAS format. LOGDIGI international log experience includes complex and problematic logs from P.R. China (36 oil fields), Russia, Latin America, Europe, the Middle East, and Africa.
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Also on this Site...

A New Approach to Drilling Directional Wells with Coile
Last updated by admin on 03/24/2013 04:50 PM (Read: 37433 times)

by Matt Varhaug, Oilfield Review editor
Tue, Mar 20, 2007 23:57 GMT

THE WOODLANDS, Texas - Field testing is opening the way for coiled tubing in directional wells drilled in the San Juan Basin of Colorado and New Mexico, USA.

Speaking here at the Intervention & Coiled Tubing Association's (ICoTA) 2007 Coiled Tubing and Well Intervention conference and exhibition, Tony Pink, Drilling Engineering Manager with Schlumberger, described how the San Juan Coiled Tubing Project was launched by BP America to evaluate directional drilling systems used in coiled tubing applications.

[Read More] 497 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail

Realtimenews@AAPG: Innovative Techniques Minimize Inter
Last updated by admin on 11/09/2007 12:00 AM (Read: 42332 times)

by Gretchen Gillis
Thu, Nov 9, 2006 01:29 GMT

PERTH, Australia ?Making good reservoir predictions is a crucial endeavor for petroleum geologists, as evidenced by numerous presentations given here at the AAPG International Conference and Exhibition.

Geological interpretations of outcrops, wells, or other data types depend heavily on the skill of the interpreter, and typically are strengthened by the interpreter抯 experience. The oil and gas industry is hiring new geological interpreters at breakneck speed, and often these interpreters collaborate on large projects, so consistency of interpretive approach is desirable.

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Web Delivers Timely Petrotechnical Reference Data
Last updated by admin on 04/04/2007 07:40 AM (Read: 39158 times)

by Gretchen Gillis
Tue, Apr 3, 2007 19:39 GMT

LONG BEACH, California – The drilling, logging and other oilfield equipment of today bears a resemblance to its earliest predecessors. But the volume of data acquired when drilling a well has grown substantially over the years. This volume might leave scientists and engineers wondering what data they have acquired unless they have a photographic memory: the number of well-log curves and parameters exceeds 50,000 and grows by approximately 1,000 curves yearly.

A real-time delivery mechanism improves the acquisition, processing and interpretation workflows by supplying log-curve descriptions and other information via the Web.

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DOGGR: Drilling Through Time
Last updated by admin on 03/24/2007 11:37 PM (Read: 36426 times)

Before Europeans discovered California, Native Americans had discovered uses for petroleum. Asphaltum from oil seeps helped keep arrowheads on their shafts and made baskets watertight.

The Division of Oil, Gas, and Geothermal Resources -- originally known as the Department of Petroleum and Gas -- never regulated the making of arrows or baskets. Its work began in 1915, at a time when the oil and gas industry was a booming free-for-all in need of a referee. Through the 20th Century and into today, DOGGR has helped the oil, gas and geothermal (a relative newcomer) industries maintain productivity while becoming more efficient, diversified and environmentally conscious.

[Read More] 1117 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail

Fullbore Formation MicroImager
Last updated by Schlumberger on 09/30/2006 01:57 PM (Read: 36825 times)

Borehole geology, geomechanics and 3D reservoir modeling

Determine net pay
The FMI Fullbore Formation MicroImager gives you microresistivity formation images in water-base mud. This is the preferred approach for determining net pay in laminated sediments of fluvial and turbidite depositional environments.

Visualize sedimentary features
These features define important reservoir geometries and petrophysical reservoir parameters. The interpretation of image-derived sedimentary dip data lets you understand sedimentary structures.

Interpret seismic sections
Well-to-well correlation is difficult in deviated wells with sections of steep and varying structural dip. Greatly improve structural interpretation of seismic sections with high-quality bedding dips to compute accurate logs of true stratigraphic thickness.

Get more data
Geological information from FMI borehole images helps with stochastic modeling of the sand-shale distribution. FMI images define channel heights superbly in amalgamated units. Other variables, such as the channel width and channel sinuosity, can be estimated using geological analogs, based on detailed sedimentological analysis of FMI image data.

Improve well construction plans
Borehole images improve your mechanical earth models which, in turn, help you optimize well plans. Better understanding of borehole stability can save you millions of dollars during field development.

[Read More] 418 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail

Better Turns for Rotary Steerable Drilling
Last updated by lai_wmn on 08/20/2006 02:03 PM (Read: 35138 times)

Farther, faster, cheaper, safer. These words describe the drilling results of the newest rotary steerable systems. Substantial advances in the reliability and steerability of rotary steerable drilling systems allow engineers to plan and drill complicated well trajectories in extremely demanding environments. Better still, oil and gas companies save rig time while doing so.

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Last updated by admin on 08/16/2006 08:35 AM (Read: 43789 times)

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Stratigraphic Column
Last updated by admin on 07/27/2006 08:59 AM (Read: 37914 times)

A stratigraphic column is a drawing done by a geologist that describes what rocks in a cliff wall or underground look like. This allows other geologists, who have never seen these rocks in person, to understand the geology of that area, and perhaps even decide whether or not there is the potential for oil or natural gas to exist in these rocks.

[Read More] 268 more words - 1 page Printable VersionPrint E-mail this Article to a FriendeMail

DOE-backed Consortium Delivers 6 New 'Stripper Well' Te
Last updated by admin on 06/27/2006 03:04 PM (Read: 35714 times)

Joint ventures in technology development by government and industry delivered six new deployment-ready applications in four years to extend the useful life of more than 650,000 stripper wells that deliver almost 15% of America's domestic oil production and almost 8% of natural gas production, according to the U.S. Department of Energy (DOE).

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What is the Role of Technology in Oil & Gas Production?
Last updated by admin on 06/22/2006 07:37 AM (Read: 42969 times)

When many people think of the oil and natural gas industry, they think of an old, dirty, staid industry using technology from decades ago. The images they see on television or in the movies show oil gushing madly out of wellbore or a mechanical drilling rig with three men in dirty clothes throwing a chain around drill pipe. Most people do not realize how out-dated these images are. Oil and gas is a very technology-oriented industry; many techniques developed by the industry are now used in other industries, including the space program. Technological innovations have made it possible for the oil and gas industry to supply the fuels that power the world economy.

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Latest Oil & Gas News

Thursday, October 27, 2016

Latest Oil & Gas News

ConocoPhillips Reports $1B 3Q Loss
The world's largest independent oil producer reports a $1 billion loss for the third quarter, slightly better than one year ago.

BLOG: Laid Off Energy Workers May Find Opportunities in the Classroom
A Houston and Gulf Coast initiative offers an alternative for oil and gas professionals struggling to find work in the downturn.

ExxonMobil Finds Potential 1 Billion Barrel Oil Field Offshore Nigeria
ExxonMobil has a 27% interest holding in the Owowo field with Chevron, Total, Nexen and the Nigeria Petroleum Development Company.

Petrobras Sets 2020 For Start Of First Libra Oil Production System
Petrobras and partners will install the first of four commercial production systems in the giant Libra offshore oil area in 2020, adding one a year through 2023.

Shale Drilling Technology to Head Overseas in Next Market Upturn
NOV Chairman, President and CEO Clay Williams expects the next upturn to see drilling technology that enabled the US shale boom to be adopted overseas.

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