Egdon Resources PLC said it soon will submit a new planning application to develop its Wressle oil discovery in the UK after acquiring 5% interests each in onshore Petroleum Exploration and Development Licenses 180 and 182 from Celtique Energie Petroleum Ltd. Source: News
Growing US shale production reshaping global LNG market
The US gas market is undergoing a structural shift that threatens to shake the established global LNG order. In 2017 the US became a net exporter of natural gas for the first time in 60 years. Driven by a combination of increased shipments to Mexico, and growing throughput at the Sabine Pass LNG export terminal, […]
Natural recondensing improves FSRU transfer efficiency
Opportunities remain to improve floating storage and regasification unit (FSRU) equipment designs, despite the introduction of highly efficient dual-fuel diesel electric (DFDE) FSRU. A new opportunity to improve FSRU efficiency involves implementation of natural recondensing inside LNG cargo tanks during ship-to-ship (STS) cargo transfer. Source: News
Steelhead LNG appoints vice-president, pipeline
Steelhead LNG, Vancouver, BC, has appointed Corey Goulet as vice-president, pipeline, effective July 3. Goulet brings 33 years of experience in the energy industry to the company. Source: News
US ethane demand finally surges
Following delays caused by Hurricane Harvey’s disruption to midstream infrastructure, NGL demand in the ethylene and refinery feedstock markets, and US NGL waterborne exports, the long-anticipated rise in US ethane demand has finally arrived, and with additional plants on track for startup, shows little indication of soon slowing down. Source: News
Applied analytics improve performance of aging downstream assets
Global petrochemical capacity will experience major growth by 2025, with nearly 900 projects slated to begin production between now and then. While most growth will occur in the Asia Pacific and Middle East, North American investments are also on an upswing. Alongside this fresh capacity likely exerting downward, top-line price pressure on older plants’ abilities […]
Digital transformation improves gas field operations
Many oil and gas companies are taking steps to improve the efficiency and profitability of their businesses by digitizing key business processes. This article examines a project eSimulation Inc., Houston, undertook in late 2013 to help improve the efficiency of a US midstream operator’s condensate business by helping the operator transform its management from paper […]
US sanctions threaten Iran’s oil exports, production
Iran’s production potential in 2018 faces geopolitical risks, including possible US-imposed sanctions, that could hinder its growth and limit export possibilities. Despite that, Iran has the technical ability to raise oil production in 2018. Source: News
Multiple stacked plays drive continued Permian development
The exploitation of unconventional (continuous) resource plays with horizontal drilling and fracturing techniques continues to spur renewed development in mature producing basins in the US. The Permian basin of west Texas has emerged as a particularly strong prospect due to the potential for multiple stacked resource plays in formations such as the Wolfcamp shale and […]
Researchers assess Central Nigeria’s Bida basin potential
Bida basin, the least studied of Nigeria’s inland frontier basins, is believed to have oil and gas resources. No exploration wells have been drilled. Researchers are studying geophysical data and lithofacies of exposed outcrops in the southern and central basin. A recently revised geological basin map reflects a central structural low trend where argillaceous and […]