February 2003 ///

Special Focus

International: Canadian outlook

Indicators are positive, but the bear lurks in 2003

International: Global offshore drilling

Offshore investments looking better

International: Worldwide oil production

Global output waits on war and economics

United States: 2003 E&P spending

Unknown factors make plans tentative

United States: Crude oil prices

Are oil & Murphy's Law about to meet?

United States: Producing gas wells

Gas wells remain valuable properties

United States: Producing oil wells

Industry cost cutting hits older fields

United States: U.S. Drilling & producting depth records

Five US depth records added

United States: U.S. drilling

Uncertainty will keep drilling increase moderate

United States: U.S. production

Oil and gas production flat

United States: U.S. reserves

Frontiers bring most reserves

United States: U.S. rotary rigs

Mediocre, but steady - almost too steady

United States: Washington in 2003

Politicians dither around for another year

Features

Expandable screen completions successfully installed in offshore wells

These screens perform better than conventional sand control completions in some wells. That's why expandable sand-screen use is growing rapidly

Natural Gas: North American Outlook

Natural gas in North America: No one said it would be easy

Petroleum Technology Digest: Using capillary strings to unload gas wells and increase production

Field results show proper application of capillary strings can combat liquid loading 75% of the time

Thermal horizontal completions boost heavy oil production

Introduced in Venezuela, the new completion and sand control method increased production 15% in the first year. Lessons learned were then applied worldwide

Departments

Companies in the news

Vol. 224 No. 2  Petrofac completed its acquisition of PGS Production Services, the Aberdeen, Scotland – based operation and maintenance company. Eni agreed to acquire the Finnish oil company Fortum AS for US$420 million. Fortum has operat

New equipment

Vol. 224 No. 2  Process pumps Flowserve Corp. introduces 11 different process pumps from the HWX family, with 81 basic hydraulics. This line provides comprehensive hydraulic coverage in the marketplace while offering the user broa

New literature

Vol. 224 No. 2  Fittings and adapters Brennan Industries, Inc., introduced a capabilities brochure, Brennan – The Future of Fitting. The six-page, four-color brochure highlights a line of more than 10,000 products and relat

People in industry

Vol. 224 No. 2  John Gibson became president and CEO of Halliburton’s Energy Services Group, replacing the retiring Edgar Ortiz. Collanini Engineering promoted Mitch Reece as manager of reservoir engineering for the company’

Columns

Drilling developments

Composite drill pipe passes field test; Two new systems improve rotary steering

Editorial Comment

Unstable times make forecasting perilous; Censoring an environmentalist

News & Resources

Industry at a glance

Vol. 224 No. 2   Venezuela’s strike affected both global oil prices and production for December. The work stoppage also crippled the country’s economy, with 73% of its crude production slashed. A group led by th

World of Oil

Vol. 224 No. 2  KURT S. ABRAHAM, MANAGING/INTERNATIONAL EDITOR   Click Here for Kurt's Opinion OPEC raises quotas; Silva-Calderón s

Supplement

03-02_Outlook_Canadian_T1.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_EandP_T2.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_EandP_T3.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_EandP_T4.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_USDrilling_T1.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_USDrilling_T2.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_USDrilling_T3.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_USDrilling_T4.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_USDrillingDepths_T1.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_USDrillingDepths_T2.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_USReserves_T1.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_Outlook_USReserves_T2.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

03-02_thermal-Pizzarelli_T3.htm (Feb-2003)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.