February 2009 ///

Special Focus

2008 - A wild ride for oil markets

And what the fundamentals say about 2009.

It’s not as bad as it seems

Now that the boom has run its inevitable course and gone bust, we asked major and independent operators what they did in 2008, and what their plans were for 2009. Predicting activity levels depends on prices-that’s nothing new.

Oil and gas production continues sideways

Outlook 2009 U.S. Production

Global drilling and production: Not as bad as they seem

The hardest-hit areas are mostly where NOCs are not, such as the US and Canada. Many NOCs are cash flush, but some IOCs and independents need credit. 

A gloomy 2009 begins in Canada

All one hears is talk of low prices, slashed budgets and depressing economic tidings across the globe.

R&D efforts pursued for HPHT deepwater drilling conditions

The next generation of High-Pressure, High-Temperature (HPHT) well designs forges ahead with advancements in material testing, heavy load handling and technology.

US gas well count flattens

U.S. Producing Gas Wells

US oil well count gains 25,000 wells

2009 Producing Oil Wells

US proved reserves increase in all petroleum categories

2009 U.S. Reserves

US rig count increases in 2008, but the trend won’t continue in 2009

2009 U.S. Rotary Rigs

Features

Groundwater abatement strategy for a produced water impact site

Deploying a small, inexpensive, energy-efficient treatment system for contaminated groundwater in a remote area presented many challenges for the operator.

Increasing role of unconventional gas could keep rigs active even during downturn

Outlook 2009 North American Gas

Extensive job planning aids in rig-assist HPHT cleanout

The operation used a hydraulic workover unit in three wells in the UK North Sea.

Global E&P expenditures to contract 12%

The US will see the sharpest decline, dropping 26% to $79 billion. 

R&D efforts pursued for HPHT deepwater drilling conditions

The next generation of High-Pressure, High-Temperature (HPHT) well designs forges ahead with advancements in material testing, heavy load handling and technology.

Uncertain supply and demand outlook for LNG

As new liquefaction capacity clashes with stagnant LNG consumption, a short-term glut is imminent. The industry could get a boost, though, from Europe’s efforts to limit dependency on Russian gas.

Columns

Drilling advances

Outlook for 2009

Editorial comment

Crystal balls

Exploration discoveries

Africa. Heritage Oil made a large oil discovery with its Giraffe-1 exploration well drilled on Block 1 in the Lake Albert region of Uganda.

Oil and Gas in the Capitals

Outlook 2009: Energy change coming

What’s new in exploration

Low oil prices and the future of exploration: En aguas revueltas

What’s new in production

Revisiting the Alaska natural gas pipeline(s)

News & Resources

Companies in the news

Companies in the news

Industry at a glance

The US rotary rig count dropped drastically in December to 1,782 from 1,935 in November. The international rig market has remained relatively stable at 1,539, down slightly from the previous month...

Meetings and Events

Meetings and Events

New products

New Products

People in industry

People in the Industry

World of Oil

StatoilHydro restarts Kristin production Norway’s StatoilHydro has restarted production at the Kristin gas field after a two-week shutdown to replace faulty lifeboats...

Supplement

Companies in the news