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Petroleum Resources
Petroleum Resources news and technical articles from Oil & Gas Financial Journal. Search Petroleum Resources latest and archived news and articles
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Malaysian companies generate $7.2B in sales at OTC
The Malaysia External Trade Development Corp. (MATRADE) and the Malaysia Petroleum Resources Corp. (MPRC) made their presence known last week in Houston at OTC 2012. From Booth 11909, dubbed the “Malaysia Pavilion …
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Part 1: Oil and gas company valuation, reserves, and production
… the SPE/WPC/AAPG/SPEE Petroleum Resources Management System (PRMS ..... AAPG/SPEE, 2007. " Petroleum Resources Management System," available ..... org/industry/docs/ Petroleum _ Resources _Management_System_2007 …
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USGS estimates shale potential in Uruguay Norte Basin
The US Geological Survey (USGS), under the World Petroleum Resources Project, assessed the potential for unconventional oil and gas resources (shale gas, shale oil, tight gas, and coalbed gas …
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PETRONAS awards Knowledge Reservoir project for unconventional resources assessment
… Society of Petroleum Engineers (SPE) and World Petroleum Congress (WPC) standard definitions as documented in the Petroleum Resources Management System (PRMS) currently in effect. Source: Knowledge Reservoir
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USGS raises estimate of recoverable natural gas and gas liquids in Marcellus Shale
… ranges from 1.6 to 6.2 billion barrels (95% to 5% probability, respectively). There are no conventional petroleum resources assessed in the Marcellus Shale of the Appalachian Basin. These new estimates are for technically recoverable …
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DOE selects projects aimed at reducing ultra-deepwater drilling risks
… and will add to the research portfolio for FE’s Ultra-Deepwater and Unconventional Natural Gas and Other Petroleum Resources Program. Research needs addressed by the projects include the prevention of uncontrolled oil flow through new and …
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British Columbia gets $760 million YTD for land sales
… confidence the international investment community has in British Columbia's natural gas and petroleum resources ,” said Energy, Mines and Petroleum Resources Minister Bill Bennett. “This confidence, matched with our rich resources, is powering …
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Unconventional news you can use
… shale resource plays. For the past few years, the emergence of shale gas and other forms of "unconventional" petroleum resources has dominated most discussions about onshore drilling in the US and Canada. Swift Energy's Bruce Vincent told …
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Are the fiscal regimes of West Africa deepwater attractive to foreign investors?
… OECD/IEA, 2006). The law confers ownership of petroleum resources on the state and makes the state-owned oil company ..... domestic market obligations. The country’s petroleum resources are largely offshore. In 2001, it established a national oil company …
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Pemex reforms: proposed liberalization may create opportunities for US energy companies
… performance-based incentives contain elements that violate the constitutional ban on foreign ownership of Mexico's petroleum resources . Supporters of the performance incentives counteract these claims by noting that they are not based on the profits …