WorldOil

International: Canadian outlook

Canada skirts the precipice

International: Worldwide drilling

Drilling outside the US hits a plateau

International: Worldwide oil production

Demand flattens, giving producers time to expand capacity

United States: 2007 E&P spending

Oil industry spending plans grow by 7%

United States: Prices and Supply

Will 2007 finally unravel our oil mysteries?

United States: Producing gas wells

US gas well expansion accelerates

United States: Producing oil wells

US producing oil wells up slightly

United States: US drilling

US leads the world in drilling

United States: US production

Production is up, and it's down, depending on how you measure it

United States: US reserves

US oil and gas reserves rise

United States: US rotary rigs

US rig count continues to defy gravity

United States: Washington in 2007

Oil and gas will have an uphill battle in Washington

Coiled Tubing Technology: Abrasive treatment of wellbore casing offers service alternative

High-pressure jet cuts well-casing slots and windows for stimulation or recompletion.

Coiled Tubing Technology: Acid tunneling with coiled tubing significantly increases production

A technique to construct dendritic wells enhances surface area and subsequent production in carbonate formations.

Coiled Tubing Technology: Anti-stall technology boosts the value of coiled tubing well intervention

A new way to prevent stalling in downhole drilling motors has been shown to improve the efficiency of drilling and milling in oilwell applications.

Coiled Tubing Technology: Coordinating a coiled-tubing intervention campaign

Planning and executing multi-well acid stimulations produced a high success rate across Asia-Pacific.

LNG: Broadening LNG market presents opportunities, challenges

An industry SWOT analysis shows Mexico and Canada are poised to make major strides in the US, while liquefaction and regasification capacities expand worldwide.

Ample storage levels give risk a new meaning, but we have developed new ways to deal with it. The Alaskan pipeline has taken a back seat to other matters, but coalbed methane is filling in supply needs nicely. Perennially, LNG remains the natural gas bridge to the future. RISK MANAGEMENT REBORN In the past, most gas in inter- and intra-state commerce was bought and sold under long-term contract. For the most part, the players were producers and users. Risk aversion was a given, not an issue, because the players were risk averse and were quite willing to operate on the simple basis of honoring a straightforward deal. Enter the new game. Remember the Enron Meltdown? The West Coast Scam? The players in those high-flying games were “traders.”

Vol. 228 No. 2  OUTLOOK 2007 North American GAS North American gas supply is sufficient for now, but will it last?

Produced Water Report: Operator uses innovative water treatment technology to meet discharge regulations

Coalbed methane dewatering programs can create an enormous amount of water. A cost-effective, flexible approach gets the job done.

Editorial Comment

Complexity can hide greed

Drilling advances

Coiled tubing drilling gains popularity

The restructuring process in Russia's oil-industry that was seen in 2005 and 2006 will probably still be a major feature in 2007. Some very important companies, like Lukoil and TNK-BP, have been threatened with license withdrawals. What has happened on both the Sakhalin-I and Sakhalin-II projects, particularly with Shell, is certainly an important point. What is happening now has not been a lightning strike out of the blue. The Russian oil sector has known several phases and a chaotic history since 1988. From an administration-like structure, it was transformed under former president, Mikhail. S. Gorbatchev, to a state-owned, commercial-like sector. The subsequent privatization process (1992-1998) has raised many doubts, and not just on process legality. A second phase took place from 1999 to 2003. The state began to implement greater control on export flows, mostly to implement a new tax system.

Russia's oil sector: Is more state control looming in the future?

What's new in exploration

Predicting earthquakes: Geothermal energy revisited

What's new in production

Solar-enhanced production

Companies in the news

Acquisitions, mergers, ventures and other company news

Industry at a glance

Last year ended with a 100,000-bopd increase in world supply, totaling 85.08 million bopd, and a 450,000-bopd decrease in global oil demand

New products

People in industry

Personnel changes and promotions in the petroleum industry.

World of Oil

International news in the oil and gas industry.