SPE Americas HSE Conference Begins With a Blast
Airhorns blasted through the first plenary session of the 2017 SPE Health, Safety, Security, and Social Responsibility Conference—North America, interrupting the talk and surprising attendees despite the prominent warning signs outside the venue warning of the potential noise. The surprising stunt illustrated the ways our brains can disregard clear warnings.
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Better Abandonment Cost Estimates Yield Improved Project Valuations
Developing an asset requires key investment decisions to be made early in the process, and as a result, some critical cost evaluations—such as abandonment—are often ballpark estimates. Adjusting the parameters for evaluating these costs can lead to more-accurate project valuations.
Wood To Modify Platforms for Equinor's Floating Wind Project
As part of the contract, Wood will provide the topside modifications needed for the Snorre A and Gullfaks A platforms to integrate the Hywind floating wind park with existing systems powering the facilities. The platforms will be the first to receive electric power from floating wind turbines.
North Dakota, Texas Fuel Increase in US Natural Gas Venting and Flaring
According to a new report from the EIA, the volume of natural gas reported as flared reached its highest average annual level in 2018, 1.28 Bcf/D. With production soaring in the Bakken, Permian, and Eagle Ford plays, North Dakota and Texas accounted for more than 80% of that total.
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