The US Pipeline & Hazardous Materials Safety Administration rescinded a requirement for unit trains carrying crude oil and other flammable substances to use electronically controlled pneumatic braking systems. PHMSA said it based its Sept. 24 action on a regulatory impact analysis that found the requirement’s expected costs would be more than its expected benefits. […]
Total increases share in Danish Underground Consortium
Total SA has agreed to purchase from Chevron Corp. all the share capital of Chevron Denmark Inc., which holds 12% interest in the Danish Underground Consortium (DUC), 12% interest in license 8/06, and 7.5% interest in the Tyra West pipeline. Source: News
Sidpec lets contract for polypropylene plant
Sidi Kerir Petrochemicals Co. (Sidpec) has let a contract to W.R. Grace & Co. to provide process technology licensing for a polypropylene (PP) plant at its petrochemicals manufacturing site in Alexandria, Egypt. W.R. Grace will extend licensing of its proprietary all gas-phase Unipol PP process technology and supply nonphthalate CONSISTA catalyst for the proposed PP […]
W&T to spud second exploration well in Ewing Bank 910 field
W&T Offshore Inc. drilled an exploration well from the South Timbalier 311 platform in Ewing Bank 910 field in the deepwater Gulf of Mexico and will spud a second well in the field following its completion. Reaching total depth, the ST 320 A-2 logged 163 ft of net hydrocarbon, exceeding predrill estimates, W&T said. The […]
Bay-Pol reaches FID on Bayport polyethylene unit
Bayport Polymers LLC (Bay-Pol)—an equal joint venture of Total SA and the Borealis AG-Nova Chemicals Inc. JV Novealis Holdings LLC—has taken final investment decision to build a 625,000-tonne/year polyethylene (PE) unit at the Bay-Pol’s 400,000-tpy PE production site in Bayport, Tex. Source: News
Chinese independent refiner lets contract for olefins unit
Lihuayi Group Co. Ltd. subsidiary Lihuayi Lijin Refining & Chemical Co. Ltd. (formerly Lijin Petrochemical Plant Co. Ltd.) has let a contract to KBR Inc. to supply technology licensing, catalyst, and basic engineering design services for an olefins production unit at its 5.5 million-tonne/year refining complex in Dongying, China. Source: News
Lundin: Alta appraisal exceeds expectations
A well appraising the 2014 Alta oil discovery in the southern Barents Sea offshore Norway performed better than expected on an extended production test and showed the field can be developed with horizontal wells, reports Lundin Norway AS. The 7220/11-5 well, on PL609 4 km south of the Alta discovery well, produced 675,000 bbl of […]
MARKET WATCH: Brent crude prices jump more than $2/bbl
The Brent crude oil price for November jumped by more than $2 on the London market to settle above $81/bbl on Sept. 24, marking the highest Brent settlement since November 2014. For this year, it was the first time since May that Brent broke above $80/bbl. US light, sweet crude for November delivery jumped by […]
OGCI sets first collective methane target
The Oil & Gas Climate Initiative (OGCI) set a target to reduce by 2025 the collective average methane intensity of its aggregated upstream gas and oil operations by one-fifth to below 0.25%, with the ambition to achieve 0.2%, corresponding to a reduction by one-third. Source: News
Total updates Shwe Yee Htun-2 gas appraisal offshore Myanmar
Total SA reported encouraging preliminary test results from the Shwe Yee Htun-2 natural gas discovery on A6 Block offshore Myanmar. An appraisal well, drilled to 4,820 m TD, encountered 40 m of net pay in a high-quality reservoir that Total executives believe offers production deliverability. Source: News