The Oil Daily back issues from October 1986:
BP chief sees $15 oil levels after OPEC extends cutback. (Peter Walters, petroleum industry)
Oct 01, 1986; ... BP Chief Sees $15 Oil Levels After OPEC Extends Cutback WASHINGTON -- Recent price rises will probably induce OPEC to reaffirm a production agreement of 16.5 million to 17 million barrels per day at its Oct. 6 meeting, leading to oil prices hovering in the $15 range in real terms ...
Senate OKs liability bill. (cleanup funds, petroleum industry)
Oct 01, 1986 ... Senato OKs Liability Bill WASHINGTON -- The Senate has adopted an oil spill liability bill that sets up a $500 million cleanup fund and does not preempt state law, a potential point of dispute with a companion bill on the House side. The Senate bill, sponsored chiefly ...
Take-or-pay problems facing Federal regulators in near future, El Paso says. (El Paso Natural Gas Co.)
Oct 01, 1986; ... Take-or-Pay Problems Facing Federal Regulators in Near Future, El Paso Says EL PASO, Texas -- The likelihood of legislation this year to relieve take-or-pay problems faced by natural gas pipelines is remote, but federal regulators will probably deal with the issue soon, officials ...
Trabandt targets pricing, open access. (Charles A. Trabandt, Federal Energy Regulatory Commission)
Oct 01, 1986 ... Trabandt Targets Pricing, Open Access HOUSTON -- Four key areas will continue to closely monitored by the Federal Energy Regulatory Commission -- competition, discrimination, open-access and pricing. FERC Commissioner Charles A. Trabrandt told the 3rd Annual Natural ...
Wholesale gasoline prices continue steady decline. (petroleum industry)
Oct 01, 1986; ... Wholesale Gasoline Prices Continue Steady Decline WHOLESALE GASOLINE prices dropped another 13 cents per gallon this week, according to The Oil Daily's 50 Cities Survey, marking the third consecutive week of falling prices. Leaded regular gasoline now stands at 48.75 ...
Information for gas pipeline industry fuels growth of Energy Planning Inc. (gas transmission industry)
Oct 01, 1986; ... Information for Gas Pipeline Industry Fuels Growth of Energy Planning Inc. HOUSTON -- What will bring about open access in the natural gas pipeline industry faster than anything else? Information -- at least that's what Energy Planning, Inc., says is fueling its impressive ...
Foes of import fee might relent if oil takes another hard decline. (petroleum industry) (column)
Oct 01, 1986; ... Foes of Import Fee Might Relent If Oil Takes Another Hard Decline WHETHER A BIG oil company favors or opposes a sliding scale oil import fee seems to coincide with its own economic situation, which colors its forecasts for the petroleum industry as a whole. Well Watch ...
Quick-thinking Chevron driver assists plane's emergency landing. (includes articles on petroleum industry) (column)
Oct 01, 1986; ... Quick-Thinking Chevron Driver Assists Plane's Emergency Landing WHAT DO YOU DO if you're driving a big 18-wheel rig down the highway and you see a tiny single-engine plane struggling to stay in the air long enough to safely land on the highway ahead? If you're Scott Roberts, a ...
Soviets facing oil field maintenance problems to maintain production levels. (petroleum industry)
Oct 01, 1986; ... Soviets Facing Oil Field Maintenance Problems to Maintain Production Levels WASHINGTON -- Soviet Premier Mikhail Gorbachev's visit earlier this year to western Siberia oil fields as meant to emphasize the need for better maintenance of those fields and keep production from them ...
Columbia Gas plan drops customers' purchase rate. (Columbia Gas Transmission Corp. rates)
Oct 02, 1986; ... Columbia Gas Plan Drops Customers' Purchase Rate Customers of Columbia Gas Transmission Corp. will pay less for natural gas but more for service under a new open access rate proposal filed with the Federal Energy Regulatory Commission. Columbia, the first major ...
EPA study aims at vapor emissions. (gasoline vapor emissions control)
Oct 02, 1986 ... EPA Study Aims at Vapor Emissions WASHINGTON -- An Environmental Protection Agency working paper has concluded that motor vehicle charcoal cannisters provide the best overall method for long-term reductions of gasoline vapor emissions, but service station refueling controls will ...
Industry needs mix of skills. (natural gas industry management)
Oct 02, 1986 ... Industry Needs Mix of Skills HOUSTON -- The natural gas industry will be the airline industry as deregulation continues. Some companies will meet the change aggressively while others will be too slow and fall by the wayside. "From my perspective," said Rayburn Hanzik, ...
Lease rental increase delayed; other industry aid under study. (federal oil and gas leases)
Oct 02, 1986; ... Lease Rental Increase Delayed: Other Industry Aid Under Study WASHINGTON -- The Interior Department is delaying for one year increases in the $1-per-acre rental rate for non-producing federal oil and gas leases. Postponed is the increase to $3 per acre that normally ...
OPEC decision could seal price rises. (crude oil production control agreement)
Oct 02, 1986; ... OPEC Decision Could Seal Price Rises LONDON -- OPEC's 13 member states will have to extend their current two-month output cut for at least two more months when they meet in Geneva next week if they want to consolidate the rise in oil prices they have engineered in recent weeks, ...
Majors halt gasoline price reductions despite weekly report of higher stocks. (petroleum products)
Oct 02, 1986; ... Majors Halt Gasoline Price Reductions Despite Weekly Report of Higher Stocks DESPITE INCREASING levels of crude and gasoline stocks, the major U.S. oil companies virtually halted gasoline price reductions yesterday. The American Petroleum Institute's weekly statistics ...
Natural gas futures market significant, says Yankee Pipeline executive. (Gordon Goodman, gas transmission industry)
Oct 02, 1986; ... Natural Gas Futures Market Significant Step, Says Yankee Pipeline Executive HOUSTON -- The gas futures market could be the key to establishing long-term contracts with flexible, market-sensitive pricing provisions. "One of the greatest problems confronting the natural ...
Crude price drop has devastating impact throughout economy. (crude oil prices)
Oct 02, 1986; ... Crude Price Drop has Devastating Impact Throughout Economy OUR OFFICE has computed the impact on royalty owners of the current drop in crude oil prices, should they remain at a $16 per barrel level, down from a base of $26. I have attached to my testimony our breakout ...
California 1985 petroleum activity report reflects nationwide trends. (column)
Oct 02, 1986; ... California 1985 Petroleum Activity Report Reflects Nationwide Trends THE CALIFORNIA Division of Oil and Gas just released its annual report on 1985 petroleum activity in the state. More than anything else, the report shows what a difference a few months can make. The ...
Industrial lube sales climb lonely bright spot in NPRA sales assessment. (National Petroleum Refiners Association report) (column)
Oct 02, 1986; ... Industrial Lube Sales Climb Lonely Bright Spot in NPRA Sales Assessment INDUSTRIAL LUBE sales continue their upward swing, advancing 4.3 percent during the second quarter compared to a year ago. That's about the only encouraging word from the National Petroleum ...
New software system aims at cutting cost of drilling muds up to 30 percent. (Drilling Cost Control System computer program) (product announcement)
Oct 06, 1986 ... New Software System Aims At Cutting Cost of Drilling Muds up to 30 Percent NEW ORLEANS -- With the downturn in the oil and gas industry, most companies are focusing on cutting costs. Some companies, though, continue research and development efforts aimed at effectively cutting ...
Interior agency director disputes royalty report. (Minerals Management agency's William Bettenberg)
Oct 06, 1986; ... Interior Agency Director Disputes Royalty Report WASHINGTON -- Royalty underpayment average only about 3 percent across the entire universe of 17,000 federal oil and gas leases and not the 21 percent that a staff study of the House Interior Committee entends. William ...
National Security issue key element of administration study. (analysis of world oil supply) (column)
Oct 06, 1986; ... National Security Issue Key Element of Administration Study ADMINISTRATION OFFICIALS are indicating that this time, they just might go ahead and declare what level of U.S. oil imports, in conjunction with an analysis about the security of oil reserves in other regions of the ...
Pickens: tough times, opportunities. (T. Boone Pickens) (interview)
Oct 06, 1986; ... Pickens: Tough Times, Opportunities HOUSTON -- Mesa's T. Boone Pickens Jr. was in fine form at l ast week's 3rd Annual Natural Gas Symposium as he touched on a number of topics. * On the exploration side of the business: "CEOs are mostly all engineers. Engineers ...
6 petroleum leaders eye events, impacts of the past 35 years. (Oil Daily 35th Anniversary Special Section) (interview)
Oct 06, 1986; ... 6 Petroleum Leaders Eye Events, Impacts Of the Past 35 Years THE PAST 35 years have seen dramatic changes not only in The Oil Daily, but also in the industry that it covers. One thing that hasn't changed is the petroleum community's diverse segments. It was that ...
At Sun, a century of innovation and determination led to success. (Oil Daily 35th Anniversary Special Section; Sun Company Inc.)
Oct 06, 1986 ... Others Are Celebrating Anniversaries Too At Chase, 50 Years of Petroleum Lending and Financial Services OPPORTUNITIES are only part of the ingredients for success. The rest is knowing how to take advantage of them. In the early 1930s, ...
Others are celebrating anniversaries too; at Chase, 50 years of petroleum lending and financial services. (Oil Daily 35th Anniversary Special Section; Chase Manhattan Bank)
Oct 06, 1986; ... Others Are Celebrating Anniversaries Too At Sun, a Century of Innovation And Determination Led to Success MOST organizations celebrate centennials after 100 years. Only one is celebrating its "Suntennial." Sun Co. Inc. traces its ...
Challenges clear for SPE leaders. (Society of Petroleum Engineers)
Oct 06, 1986; ... Challenges Clear For SPE Leaders NEW ORLEANS -- Are petroleum engineers an endangered species? Annual petroleum engineering student enrollment nationwide has dropped from a peak of 10,000 to 2,000, points out Dennis Gregg, 1986 president of the Society of Petroleum ...
Frustration levels mount over open access issue at conference. (Natural Gas Symposium, gas transmission industry)
Oct 06, 1986; ... Frustration Levels Mount Over Open Access Issue at Conference HOUSTON -- When you put representatives of pipeline companies, utilities, financial groups, producers, analysts, gas marketers, federal regulators and consultants in the same room, the atmosphere is almost one of ...
Superfund plan divides energy industry. (toxic waste site cleanup tax)
Oct 06, 1986; ... Superfund Plan Divides Energy Industry WASHINGTON -- A rift over a compromise plan for taxes to finance the hazardous waste Superfund has shattered the once-strong petroleum industry coalition on the issue, but apparently isn't threatening the bill's survival at this juncture. ...
Contender for Kern County pipeline suspends bid. (California natural gas pipeline, El Dorado Interstate Transmission Co.)
Oct 06, 1986; ... Contender for Kern County Pipeline Suspends Bid WASHINGTON -- Confirming longstanding predictions, one of three contenders for an interstate natural gas pipeline to serve California's lucrative Kern County enhanced oil recovery market is indefinitely suspending its participation ...
Major oil companies order price hikes. (petroleum products)
Oct 06, 1986; ... Major Oil Companies Order Price Hikes Major Oil Companies Order Price Hikes THE MAJOR OIL companies made numerous gasoline and distillate prices increases towards the end of the week, a change in direction from the past few weeks. With the remainder of the extra oil ...
Mid-October ruling possible on EPA reconsideration of additive waiver. (fuel additives, petroleum product marketing news) (column)
Oct 06, 1986; ... Mid-October Ruling Possible on EPA Reconsideration of Additive Waiver FEDERAL REGULATORS are looking at a mid-October decision on reconsideration of a DuPont fuel additive waiver and a ruling on volatility controls by next spring. J. Craig Potter, assistant ...
Analyst's projections run wide range. (petroleum industry investment outlook) (column)
Oct 06, 1986; ... Analysts' Projections Run Wide Range WHEN IT comes to the major international oil companies it's become something of a "You pays your money and you takes your choice" situation. In the space of two days, Merrill Lynch Capital Markets came out with a rather bearish ...
'Grit and guts' needed in 'new' oil industry, says association president. (Rocky Mountain Oil and Gas Association's A.G. Golden)
Oct 06, 1986; ... 'Grit and Guts' Needed in 'New' Oil Industry, Says Association President IF THE OLD oil industry had a theme song, I think it might be titled, "If 1986 was a fish, I'd throw it back in." Certainly that's the way all of us felt by this spring. If you talked to anyone ...
One more positive step. (federal oil and gas lease regulations eased) (editorial)
Oct 06, 1986 ... One More Positive Step THE REAGAN administration is trying to help the U.S. oil and gas industry by removing administrative barriers for producers as further evidence of a commitment to the president's continuing promise to let market forces work. The Interior ...
Veto this mish-mash bill. (Superfund legislation) (editorial)
Oct 06, 1986 ... Veto this Mish-Mash Bill THE SUPERFUND compromise proposed by House and Senate conferees is a mish-mash that ignores the critical economic difficulties of the U.S. oil and petrochemical industries and tries to placate the environmental community by simply doing "something" before ...
At SPE exhibition in New Orleans: latest in equipment and services on display. (Special Report on Society of Petroleum Engineers 1986 Exposition)
Oct 06, 1986 ... At SPE Exhibition in New Orleans: Latest in Equipment and Services on Display NEW ORLEANS -- At the New Orleans Convention Center this week are some 300 exhibitors displaying the latest in equipment and services for petroleum engineering. They're here in connection with an ...
Global market keeps industry hopping. (Automotive Lubricants Special Report)
Oct 06, 1986; ... Global Market Keeps Industry Hopping "BEING competitive is not enough, in today's world," says Ron L. Fornshell. "Merely matching someone else's accomplishment will leave you far behind." The world he is referring to is the hot-spaced sphere of auto sales, where U.S ....
Philadelphia welcomes SAE. (Automotive Lubricants Special Report; Society of Automotive Engineers)
Oct 06, 1986; ... Philadelphia Welcomes SAE PHILADELPHIA -- More than 1,000 persons concerned with fuels and lubricants -- and mobility engineering -- are here for the Society of Automotive Engineers annual Fuels & Lubes meeting. Its official program brochure contains the theme, ...
Lubrizol PowerShield no-lead additive protects cars designed for leaded fuel. (Automotive Lubricants Special Report; Lubrizol Corp. gasoline additive)
Oct 06, 1986 ... Lubrizol PowerShield No-Lead Additive Protects Cars Designed for Leaded Fuel LOS ANGELES -- An estimated 31 million vehicles and engines are in operation today which were designed to use leaded gasoline. The U.S. Environmental Protection Agency's plan to reduce and ultimately ...
Sun's Miller gives ILMA the inside story on base oils. (Automotive Lubricants Special Report; Sun Refining & Marketing Co.'s S. Garry Miller, Independent Lubricant Manufacturers Association)
Oct 06, 1986; ... Sun's Miller Gives ILMA the Inside Story on Base Oils NOBODY EXPECTS lubricants to be interchangeable. Neither should they think that base oils are interchangeable, warns S. Garry Miller. To come up with a quality product, lube compounders need to be very selective ...
Survey shows sales of 5W-30 and 10W-30 zoomed. (Automotive Lubricants Special Report)
Oct 06, 1986; ... Survey Shows Sales of 5W-30 and 10W-30 Zoomed SALES of 5W-30 and 10W-30 motor oils rose dramatically in 1985, according to a report entitled U.S. Lubricating Oil Sales just released by the National Petroleum Refiners Association. The NPRA report shows 5W-30 sales rose ...
New Lubrizol hydraulic fluid package passes field tests with flying colors. (Automotive Lubricants Special Report; Lubrizol Corp.)
Oct 06, 1986 ... New Lubrizol Hyraulic Fluid Package Passes Field Tests With Flying Colors WICKLIFFE, Ohio -- The Lubrizol Corp. has developed a "next generation" multi-purpose fluid performance package that can be used in hydraulic and transmission systems. The product, called Unizol, meets ...
As we pass the 35th year. (Oil Daily 35th Anniversary Special Section) (column)
Oct 06, 1986; ... As We Pass the 35th Year THIRTY-FIVE YEARS ago last Friday, Keith Fanshier published the first Oil Daily in response to what he then perceived as a need within the U.S. petroleum industry for a hometown newspaper. It was to be an independent voice. It was to ...
On Oct. 3, 1951, persistent idea became reality with 1st issue. (Oil Daily 35th Anniversary Special Section)
Oct 06, 1986; ... On Oct. 3, 1951, Persistent Idea Became Reality with 1st Issue "THE INDUSTRY moved quickly. It deserved a daily because it couldn't wait for the news. A new well would come in, a new field would open or some other big development would break ... The idea wouldn't let me alone. ...
Iran's 'clout' could push up oil prices, Schuler says. (G. Henry M. Schuler)
Oct 07, 1986; ... Iran's 'Clout' Could Push Up Oil Prices, Schuler Says PALM BEACH, Fla. -- The ascendancy of Iran and other "price hawks" in OPEC could push oil prices up dramatically in months to come, a leading Middle East analyst preduced at a meeting of natural gas pipleine executives here on ...
Industry on 'painful' road. (oil industry)
Oct 07, 1986; ... Industry on 'Painful' Road NEW ORLEANS -- It will take the U.S. oil idnustry another "15 months of hell to make the adjustment to $15 per barrel oil," said Charles T. Maxwell, vice chairman, Cyrus J. Lawrence Inc. Maxwell predicted an average $14 per barrel price of oil ...
OPEC may prolong oil cutback.
Oct 07, 1986 ... OPEC May Prolong Oil Cutback GENEVA -- OPEC oil ministers opened their fifth meeting of the year on ways to boost oil prices amid hints they might simply prolong their interim production cutback because it has stabilized the battered oil market. Minister from ...
Rig count records gain. (rotary rig)
Oct 07, 1986 ... Rig Count Records Gain HOUSTON -- The rotary rig count inched upwards again this week to a total of 818 rigs, according to the Hughes Tool Co. The 12 rig increase marks the second week in a row the rig count has topped 800. Texas and Louisiana both reported increases. ...
Superfund bill facing snag.
Oct 07, 1986; ... SPE Meeting Exhibitor List Expanded AS THE Society of Petroleum Engineer's annual meeting gets under way this week in New Orleans, there are some late additions to the list of exhibitors at its trade show, including: Aangstrom Precision Corp., booth 1536. Aircraft Engine ...
Veto threatens offshore leasing pact. (Offshore California leasing sales)
Oct 07, 1986 ... Veto Threatens Offshore Leasing Pact WASHINGTON -- The agreement to delay offshore California leasing sales until a new administration takes office in 1989 and to have the Interior Department study three leasing alternatives for the region will probably remain in the omnibus ...
Chevron, Mobil lead price rebound. (gasoline and distillate prices)
Oct 07, 1986; ... Chevron, Mobil Lead Price Rebound THE NEWS RISE in gasoline and distillate prices continues, as the major oil companies made increases of between 0.3 nad 1.0 cent per gallon in markets across the country. Chevron and Mobil led the way with increases at over 50 terminals ...
Rowan Cos. 'modest' goals: economic survival, maintaining operation. (petroleum services industry)
Oct 07, 1986; ... Rowan Cos. 'Modest' Goals: Economic Survival, Maintaining Operations HOUSTON -- The Rowan Cos. are attempting two thigns in their revised business strategy: survive financially for three and one-half years and remain operationally strong to keep people, organization and equipment ...
Administration study of energy exports should answer questions. (column)
Oct 07, 1986; ... Administration Study of Energy Exports Should Answer Questions PRECISELY at what point will the strategic interests of the United States be threatened by the currently rapid increase of imports of crude oil and products from abroad? Where will the energy supplies of the ...
World oil price fall fails to stem plans for future natural gas projects.
Oct 07, 1986 ... World Oil Price Fall Fails to Stem Plans for Future Natural Gas Projects WASHINGTON -- The disarray in world oil prices has dampened, nut not doused, the international gas market. A surplus of deliverable gas and the sharp decline of world oil prices undeniably have ...
Despite major loss report, Roberts projects aggressive reserves program. (Earl K. Roberts, petroleum industry)
Oct 07, 1986 ... Despite Major Loss Report, Roberts Projects Aggressive REserves Program HOUSTON -- "We are realists. We are optimistic about the future of Robert Oil and Gas. We plan to be a t the table when the dice and cards change," said Earl K. Roberts, company president. "You ...
Hard work, strategy and competitive price seen as key to industry success. (natural gas marketing)
Oct 07, 1986; ... Hard Wrok, Strategy and Competitive Price Seen as Key to Industry Success HOUSTON -- So you think there's going to be an easy way to market natural gas as pipeline companies move towards open access. To be successful, you need to do it the old fashioned way -- with hard work, ...
Is the 'good sweating' finally over? (petroleum prices)
Oct 07, 1986; ... Is the 'Good Sweating' Finally Over? CAMBRIDGE, Mass. -- Now that OPEC has devised a new accord, is the "good sweating" over it the oil market? Last December, the words "market share" were enough to prove the emperor was wearing no clothes -- that a $27 to $28-a-barrel price had ...
FERC's Trabandt warns pipeline officials. (Charles Trabandt, Federal Energy Regulatory Commission)
Oct 08, 1986; ... FERC's Trabandt Warns Pipeline Officials PALM BEACH -- Natural gas pipelines better clean up their marketing acts before the government does it for them, Federal Energy Regulatory Commissioner Charles Trabandt warned pipeline officials meeting here Tuesday. Trabandt, ...
Herrington announces SPR domestic crude purchase. (John Herrington, Strategic Petroleum Reserve)
Oct 08, 1986; ... Herrington Announces SPR Domestic Crude Purchase WASHINGTON -- The Energy Department will buy 10,000 barrels per day of domestically produced crude oil at $14.95 a barrel for the Strategic Petroleum Reserve and will also conduct a test movement of 8,000 b/d from the Elk Hills ...
OPEC talks stirring oil markets. (petroleum industry)
Oct 08, 1986 ... OPEC Talks Stirring Oil Markets GENEVA -- The Organization of Petroleum Exporting Countries continued its emergency talks for a second day Tuesday by forming two ministerial committes to discuss a pair of traditional obstacles: price and production quotas. Despite the ...
Summer refinery output depresses gasoline prices. (petroleum industry)
Oct 08, 1986; ... Summer Refinery Output Depresses Gasoline Prices THE AVERAGE dealer tank wagon gasoline price dropped further last week, as the high refinery production of the summer months continues to plague the U.S. industry. According to The Oil Daily's weekly 50 Cities Survey, the ...
'Uncertainty' over OPEC major factor in domestic recovery, says Baker chief. (E.H. "Hubie" Clark, Baker International Corp.)
Oct 08, 1986; ... 'Uncertainty' Over OPEC Major Factor In Domestic Recovery, Says Baker Chief NEW ORLEANS -- A little Islamic justice was dished out to some members of OPEC and that's one reason the latest accord has held together as long as it has. "I think we've seen some Islamic ...
Oil demand would push up $12 oil within two years, Consultants say. (Powers Petroleum Consultants Inc.)
Oct 08, 1986; ... Oil Demand Would Push Up $12 Oil Within Two Years, Consultants Say HOUSTON -- At $12 per barrel, how long would it be before prices began rising again? Would you believe two years? That's what Powers Petroleum Consultants, Inc., predicts based on an analysis ...
Soviet efforts paying off, says Amoco chief Morrow. (Richard M. Morrow)
Oct 08, 1986 ... Soviet Efforts Paying Off, Says Amoco Chief Morrow SAN ANTONIO -- Who is that turtle that's just about to pass that rabbit? The turtle is the Soviet oil and gas drilling industry and the rabbit is the U.S. industry. "If present trends continue, the Soviet Union will ...