Register Now
SPE DIGITAL ENERGY CONFERENCE EXHIBITION AND
2011
19 –21 A PR I L 2 011 TH E WOO D L A N D S , TE X A S , U S A
www.spe.org/events/dec
With the support of the SPE Gulf Coast Section Society of Petroleum Engineers
International Petroleum News and Technology
5 NEWSLETTER 30 STATISTICS
|
www.ogj.com
Feb. 21, 2011
12 LETTERS / CALENDAR
14 JOURNALLY SPEAKING
16 EDITORIAL
33 MARKETPLACE
34 EDITOR’S PERSPECTIVE / MARKET JOURNAL
|
Volume 109.8
28 EQUIPMENT 28 ADVERTISERS’ INDEX
GENERAL INTEREST 18 Obama keeps pledge to end oil tax incentives in 2012 budget request Nick Snow
The White House followed through on US President Barack Obama’s promise to eliminate oil and gas incentives and preferences with a fiscal 2012 federal budget request that would increase direct taxes on the industry by an estimate $3.472 billion next year and $43.612 billion over 10 years.
20 Discussion of draft GHG bill turns into CAA debate
24 WATCHING THE WORLD Shell’s scenarios to 2050
24 Chinese hackers accused of cyber attacks on IOCs Eric Watkins
25 Study evaluates deepwater Gulf of Mexico overpressure 26 CNRL targets oil sands upgrader restart 27 Intertanko: Shipping routes ‘under threat’ from piracy Eric Watkins
Nick Snow
Democrats and Republicans quickly established their differing views as a US House subcommittee debated legislation designed to draft legislation to halt the US Environmental Protection Agency’s efforts to limit greenhouse gas emissions under the Clean Air Act.
27 Al-Shahristani: Baghdad wants changes in oil deals Eric Watkins
21 WATCHING GOVERNMENT GHG uncertainties
22 Baker Institute: Drilling in Gulf of Mexico evolves after Macondo blowout, oil spill Paula Dittrick
23 Industry reports many safety changes in GOM deepwater drilling practices Paula Dittrick
23 IEA warns of rising oil burden
Sakhalin-1 drills 7.67-mile extended-reach well Exxon Neftegas, operator of the Sakhalin-1 project, drilled the world’s longest extended-reach well at Odoptu field, off Far East Russia, ExxonMobil said. Photo from ExxonMobil.
we are the people of Baker Hughes. and we’re known collaborators.
George Vassilellis, Lead Reservoir Engineer
The best ideas never happen in a vacuum. They’re the result of
As part of our new Reservoir Development
listening, understanding, and getting to the heart of your challenge.
Services group, George works with
From reservoir planning through every phase of recovery and
customers like you in evaluating their
processing, we’ve found that working with the people we’re working
unconventional hydrocarbon assets to help
for is essential to crafting a fit-for-purpose solution and delivering
them improve efficiency and increase
flawless performance. Because when we’re all on the same team,
recovery. Learn about his model for shale
we’re pretty hard to beat.
resources at www.bakerhughes.com/george
www.bakerhughes.com © 2011 Baker Hughes Incorporated. All Rights Reserved. 31651
ADVERTISING SALES Houston U.S. Sales Manager, Marlene Breedlove; Tel: (713) 9636293, E-mail:
[email protected] Regional