January 1st, 2022
Saudi Arabia’s position in the global petrochemical market is predicted to grow substantially during the next five years due to an ongoing and significant growth wave that will add substantial petrochemical capacity.
There have been nine “deepwater” (greater than 1,000 feet) oil and natural gas discoveries announced by operators in the Gulf of Mexico through November 2005, the US Minerals Management Service reported. (That’s nothing compared to today’s 3,000-meter deepwater international wells).
The US Senate kept Congress true to form Dec. 21 when it rejected the latest effort to authorize oil and gas leasing of the Arctic National Wildlife Refuge Coastal Plain.
China reportedly has large volumes of low-permeability natural gas resources with unique characteristics that could be exploited with appropriate technologies. At present, however, lack of development and management technologies have hindered effective exploitation of …