The light, sweet crude oil contract for April rose Mar. 2 to settle above $61/bbl on the New York market while Brent crude oil gained to settle above $64/bbl on the Lonon market. Source: News
Method improves understanding of DRA degradation
Formulating drag reducing agents’ (DRA) average concentration and corresponding drag reduction efficiency can show that mechanical degradation of DRA not only occurs after its dissolution but also while dissolution is underway. Source: News
Method allows carbon footprint estimates of particular LNG sources
Methods like those used to determine the carbon footprint of crude oil and natural gas from particular reservoirs can also determine the carbon footprint of LNG and LPG from particular sources. Historically, production-to-combustion footprints for crude oil, gas, and related LNG and LPG have been published as an aggregated, single number for a broadly-defined region. […]
Uncertainty looms for US olefins industry
The US olefins industry is entering a period of 5 critical years in which decisions made by senior management in a few global petrochemical companies will set the stage for profitability and future expansion projects in the next decade or more. Industry consultant Daniel Lippe examines the US olefins market during second-half 2017 and provides […]
Rising octane demand offers opportunity for US refiners
A delayed response by US refiners to rising demand for octane could be costing them potential profits. Industry researcher Sandy Fielden examines refiners’ options to address growing octane demand as well as potential consequences of inaction. Source: News
South East Asia contains abundant, untapped unconventional reservoirs
After more than a century of conventional exploration and development in South East Asia, researchers are now surveying which source rocks will supply the region with the best fit for unconventional development. Source: News
Woodside to buy out ExxonMobil's share of Scarborough field
Woodside Petroleum has announced a $2.5-billion (Aus.) equity raising to pay for a number of LNG expansions onshore and offshore Western Australia, including the acquisition of ExxonMobil’s 50% interest in offshore retention lease WA-1-R containing the bulk of the yet-to-be-developed Scarborough natural gas field on the Exmouth Plateau. Source: News
Norway's Johan Sverdrup startup to help increase Norwegian Continental Shelf production
Oil production across the Norwegian Continental Shelf will reach a new peak in 2023, the Norwegian Petroleum Directorate forecasts. Source: News
RPSEA suggests future US oil and gas R&D investments
The Research Partnership to Secure Energy for America (RPSEA) releases a technology roadmap to federal lawmakers and others outlining industry’s needs for both onshore and offshore research projects in the coming decade. Source: News
Review suggests draft SPE PRMS 2017 unfit for public resource reporting
Lloyd’s Register reviews SPE’s Draft Petroleum Resource Management System, finding ambiguous and flexible terminology hinders the application’s public use in determining a prospect’s commerciality. Source: News