Enbridge Inc. will shut down and replace its Line 5 across the Straits of Mackinac with a multiuse utility tunnel that the Calgary energy transmission company will pay for, Michigan Gov. Rick Snyder (R) announced. Source: News
EPA proposes revisions in oil and gas operations’ emissions limits
The US Environmental Protection Agency proposed changes in regulations it issued in 2016 limiting emissions at oil and gas operations. Specifically, it is reconsidering fugitive emissions requirements, wellsite pneumatic pump standards, requirements for certification of closed vent systems, and the alternative means of emissions limitations provisions, EPA said in an Oct. 15 Federal Register notice. […]
NGSA: Record winter gas demand to be matched by record production
US demand for natural gas is projected to reach an all-time high this winter, but soaring production will ably satisfy demand, resulting in flat pressure on prices compared to last winter, the Natural Gas Supply Association said in its 18th annual Winter Outlook forecast of the wholesale winter gas market. Source: News
Oil’s growth market
Whether or not governments aggressively pursue energy sustainability, petrochemicals constitute an important growth market for oil and natural gas. Work should start now to prevent activists from sabotaging the business. Source: News
Climate change positioning
Some oil companies are addressing climate change through various initiatives, including ongoing investments in alternate energy and supporting a new political action committee dedicated to passage of a US carbon tax. Source: News
WoodMac: Asia-Pacific oil and gas industry set for rebound
The Asia-Pacific’s oil and gas industry looks set to rebound over the next 12 months as rising demand, stronger commodity prices, and an uptick in merger and acquisition activity bring greater confidence to the region, according to a recent report from Wood Mackenzie. Source: News
ADNOC to build sulfur pipeline, expand Shah gas processing
Abu Dhabi National Oil Co. (ADNOC) Sour Gas, a subsidiary joint venture of ADNOC and Occidental Petroleum Corp., is set to build a pipeline to carry molten sulfur produced by its Shah field sour gas operations. Source: News
Equinor starts production from Oseberg Vestflanken 2
Equinor and partners started production from Oseberg Vestflanken 2 field in the North Sea using the first unmanned platform on the Norwegian Continental Shelf. Remotely operated from the field’s center, the new Oseberg H platform is fully automatic and serves as a pilot. Source: News
Lukoil advances V. Filanovsky development
Lukoil soon will start drilling the sixth production well in second-phase development of Vladimir Filanovsky oil field in the Caspian Sea as a recently completed fifth well holds total production at 6 million tonnes/year. The fifth well, with a main wellbore of 2,956 m and a lateral of 1,735 m, produced at an initial rate […]
Aker BP plans King Lear satellite development following acquisition
Aker BP has agreed to acquire Equinor Energy’s 77.8% interest in the King Lear gas-condensate discovery in the Norwegian North Sea for $250 million with plans to develop it as a satellite to Ula field. Source: News