TOPICS OF INTEREST
Industry Has Little Room for Further Cost Cutting
Energy research groups Wood Mackenzie and Rystad Energy say improvements in operations costs since the last downturn 5–6 years ago have made it difficult for companies to make further reductions amid the current drop in demand.
Successful String Test of Calcasieu Pass System Moves Project Forward
The successful string test comes 7 months after the company's FID on the Calcasieu Pass LNG project.
Market Conditions Take Shell out of Lake Charles LNG Project
Energy Transfer will look at taking on new partners and possibly reducing the size of the Lake Charles LNG project.
BLM Sees Tepid Results from Federal Land Lease Sale
Wyoming sold the most parcels during the recent US Bureau of Land Management’s auction for oil and gas leases on federal land.
Extended-Reality Initiative Optimizes Wellsite Planning
Immersive technology on projects such as wellsite planning incorporates XR, drones, and collaboration.
COVID-19 May Impact More Than Half of all Oil and Gas Projects Being Sanctioned
Revised estimates of project sanctioning total $61 billion in 2020, which is down from $192 billion forecast in 2019.
Mexico LNG Project Awards Technip USA a FEED Contract Award
LNG project in Mexico moves closer to FID in 2021.
Freeport LNG Project Introduces Feed Gas to Train 3
Initial production at Freeport LNG Train 3 is expected in the first quarter. The project’s final commissioning stage included feed gas.
Alaska LNG Project Receives Environmental Impact Statement
The Alaska LNG project moves another step closer to a final order, expected in June.
Sempra Energy and Bechtel Units Sign EPC Agreement for Port Arthur LNG
This is the second EPC contract Bechtel signed for Port Arthur LNG. Final investment decision is expected this year.
Eni Resolves Dispute With Partners To Restart Damietta LNG Plant in Egypt
The Damietta LNG plant is expected online by June 2020. The plant will be owned by ENI, EGAS and EGPC.
Phillips 66 Partners Takes 50% Interest in $1.6-Billion Liberty Pipeline Project
The transaction is expected to close in March. The Liberty Pipeline runs 700 miles between Cushing, Oklahoma and Guernsey, Wyoming.
Suncor Receives Approval To Build 40,000 B/D Facility in Alberta
Suncor gets Canadian approval for Meadow Creek West.
NGL Energy Partners signs agreements for Water Transport and Disposal in Delaware Basin
NGL Energy Partners announces acreage dedication for Delaware Basin water transport and disposal
Assessing Operational Readiness for Restart of Wafra Oil Field
After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order.
Water Desalination Applications in Shale-Gas and Polymer EOR Produced Waters
Oil and gas extraction using water has opened up new hydrocarbon resources. However they can produce four times more salty water byproduct than oil. Desalination in shale gas and polymer-flood EOR remain niche markets for lowering cost and improving production.
Equinor Contracts Inspection Services for All Offshore Installations and Onshore Plants
Equinor has chosen four suppliers for inspection services on all offshore installations on the Norwegian Continental Shelf and onshore plants in Norway. The frame agreements, estimated at $383 million, are scheduled to be signed soon.
Eni Starts Production at Niger Delta Onshore Field
Eni credits an integrated work model for the startup just 3 weeks after completion. Under the model, various disciplines worked in parallel from the exploration phase and synergies with existing production facilities were leveraged.
HDPE Liner in Carbon Steel Pipe Manages Flowline Corrosion in Giant Onshore Field
Internal corrosion has caused ADNOC to suffer loss of containment in oil flowlines in a giant onshore field. This paper describes the successful 5-year field trial program and confirmation that HDPE liner application in carbon steel pipe can be a cost-efficient way to mitigate internal corrosion.
Water Survey Assesses Souring and Corrosion at Production/Injection Plant
At a water treatment plant for an onshore oil field in northern Germany, formaldehyde injection was started in 2015 as a biocide. The goal of this study was to understand the chemical parameters and microbial distribution in the water system and whether formaldehyde injection was effective.
Energy Transfer Agrees To Acquire SemGroup for $5.1 Billion
The deal sees Energy Transfer gain, among other assets, various crude and natural gas liquids pipelines running from the Denver-Julesburg and Anadarko Basins.
Pembina Pipeline To Acquire Kinder Morgan Canada in $4.35-Billion Deal
Calgary-based Pembina Pipeline Corp. has entered into agreements to acquire Kinder Morgan Canada Ltd. and the US portion of the Cochin Pipeline system from Kinder Morgan for a total purchase price of approximately $4.35 billion.
First Kenyan Oil Exports Heading To ChemChina
Seven years after discovering commercial reserves in the northern part of the country, the Kenyan government and a group led by Tullow have accepted a bid from the Chinese trading company to purchase its first shipments of crude.
First Permian Crude Delivered From Cactus II Pipeline
Trafigura confirmed that it had begun shipments from the Permian to Corpus Christi via the pipeline, which has a 670,000-B/D capacity. Operator Plains All American announced last week that it had completed work on the pipeline.
Hillcore Group Acquires Major Canadian Well Services Company
The private investment firm said it will partner with Treeline Well Services, one of the largest private rig providers in Canada, to build its service fleet following acquisition of the company. Treeline’s core areas are in Alberta and British Columbia.
Surveys Show Minority of Oil and Gas Firms Investing in Water Management
Getting water is a big issue for those who fracture wells, as is the disposal of it. The number of companies investing in water facilities and reuse, though, remains a minority.
Water Outside the Permian: How Are Other Basins Handling the Volumes?
The Permian gets the lion’s share of attention when it comes to produced water, but other basins have a need to haul volumes off-site. How has the market changed in these areas recently? Is there a greater enthusiasm for pipelines, and can water midstream thrive?
Twelve Companies Vie To Build Bangladesh’s First Onshore LNG Import Terminal
The country has scrapped plans to build additional FSRUs, and decided instead on land-based LNG as the mainstay of its energy mix
The Opportunity and Threat Posed by US Shale Water
The well count and completion intensity of US tight oil and gas operations have grown in recent years, and rising pressure from environmental regulations means that produced water management has become a key focus for operators.
Phillips 66 Forms JVs To Boost Takeaway Capacity from Bakken and Permian
Phillips 66 and partners in two separate joint ventures are building the Red Oak and the Liberty pipeline systems to deliver a total of approximately 750,000 BOPD to the US Gulf Coast with startup of service in early 2021.
Cactus II Pipeline To Start Partial Service in the Permian by Year End
Approximately 90% of construction work has been completed on the pipeline, which is expected to transport up to 670,000 BOPD from the Permian Basin to the US Gulf Coast. Cactus II is one of several pipelines aimed at alleviating takeaway concerns in the Permian.
BHGE Launches Multimodal Facility Expansion in Angola
The facility will serve as a hub to support customers and projects in the Angola and Southern Africa region.
Joint Venture To Build Takeaway Capacity in the Permian
The pipeline system will have the initial capacity to deliver 150,000 B/D of crude oil to multiple delivery points, accessing local refineries and connecting to several downstream pipelines.
Keep Your Eye on the Oil Price Ticker To Gauge 2019 Oilfield Services
The oilfield services sector showed steady revenue growth in 2018 thanks, in part, to increased project sanctioning. With the oil price falling $20 in the past 2 months, however, the future may be murkier than expected.
API Releases New Edition of Valve Standard
API released an updated valve standard for wellhead and tree equipment, which includes new automatic closure requirements.
Changing the Mix: A New Approach to Polymers for Offshore EOR
Researchers from Chevron are looking into a new approach to understand the drivers of polymer hydration. How might this affect the design of mixing systems in the field, and could it affect offshore EOR applications?
North American Shale Activity Gives Boost to OFSE Business
The oilfield services and equipment sector, while optimistic, has not yet seen the effects of the improved oil price in the recovery of its overall business.
Aggressive Cost-Cutting: Is it Sustainable?
Onshore development is increasing production, while investors demand greater operational efficiencies. Operators and service companies are striving to strike the balance between fiscal discipline and growing their production. How low can costs go, and for how long?
RPSEA Releases Oil & Gas Technology Roadmap
The Technology Roadmap identifies R&D opportunities that will allow the US to be the leading producer of oil and gas into the future. The importance of technology transfer and time to commercialization is discussed.
Dealmakers: Water Transport, Disposal Companies Tap Into Permian Basin
The demand for water and disposal services in the Permian Basin has piqued the interest—and investments—of companies eager to acquire existing pipeline infrastructure and saltwater disposal facilities to capitalize on the growing need.
What Project Sanctions Tell Us About the State of the Upstream Sector
Many of the biggest players in the industry—particularly the majors—have adapted their portfolios for “lower for longer” and are once again sanctioning big projects. While we are not back to the heady days of 2010–2014, we have left behind the dark days of 2015–2016.
Dakota Access Pipeline Up and Running in 2Q?
The CEO of Phillips 66 expects the DAPL to be operational in 2Q 2017.
Macondo Contractor/Operator Gaps Identified by CSB
Various incidents that took place between Transocean, the owner of Deepwater Horizon, and BP, the company that leased the rig for use at Macondo, illustrate the gap between work-as-imagined in the drilling program and work-as-done by the well operations crew.
Bakken Pipeline Gets Final Go-Ahead From Feds
The Dakota Access Pipeline, which will connect the Bakken and Three Forks production areas, has received the regulatory go-ahead from the US Army Corps of Engineers.
World Demand for Onshore Pipeline Construction to Grow From 2013 to 2017
Pipelines play a vital supporting role in the energy supply chain as one of the most efficient modes of hydrocarbon transportation. Unconventional resource development and LNG have set the stage for growth in onshore pipelines.
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01 April 2020
24 March 2020
ITEMS OF NOTE
07 August 2018
20 July 2018
16 February 2018
18 December 2017
28 November 2017