Equinor Energy has plugged exploration well 7132/2-1, which was targeting the Gjokasenin prospect in production license 857 in the southern part of the Barents Sea. The well, which was dry, was drilled to a vertical depth of 852 m subsea with Seadrill’s West Hercules semisubmersible mobile drilling facility about 175 km north of Vardo in […]
MARKET WATCH: Crude oil benchmark prices decline
Light, sweet crude oil prices on the New York and London markets declined modestly Feb 11 pending release of a monthly production report by the Organization of Petroleum Exporting Countries. On Feb. 12, OPEC reported it reduced oil production in January by 797,000 b/d compared with December 2018. The cartel’s January production averaged 30.81 million […]
Meridian Energy plots grassroots refinery for Permian basin
Meridian Energy Group let a contract to Winkler Cos. to provide site control for a full-conversion refinery in Winkler County, Tex., in the heart of the Permian basin. The Permian basin refinery will have a throughput capacity of about 60,000 b/d and be modeled after Meridian’s grassroots 49,500-b/sd high-conversion Davis refinery currently under construction in […]
ExxonMobil, Qatar Petroleum authorize Golden Pass LNG exports
ExxonMobil Corp. and partner Qatar Petroleum have made a final investment decision to develop the Golden Pass LNG export project in Sabine Pass, Tex. Construction will begin in this year’s first quarter with the plant expected to begin operations in 2024. Source: News
Trade, public groups seek prompt approval of pipeline safety update
Six public and trade associations have asked US Transportation Sec. Elaine Chao “to act expeditiously” to approve revisions to the US Pipeline and Hazardous Materials Safety Administration’s federal natural gas pipeline safety regulations. “PHMSA’s rule will advance gas transmission pipeline safety by defining specific requirements to facilitate the use of 21st-century pipeline safety technologies and […]
BP starts second-stage gas production from West Nile Delta fields
BP PLC has started production from the second stage of its West Nile Delta development offshore Egypt. The project, which produces gas from Giza and Fayoum fields, was developed as a deepwater, long-distance tie-back to an existing onshore plant. The Giza and Fayoum development, which includes eight wells, is producing 400 MMcfd of gas and […]
Gas plant starts at Dirok field in Assam
Hindustan Oil Exploration Co. Ltd., Chennai, has placed on stream a modular gas processing plant at Dirok natural gas field in Assam, where it plans to drill four wells under a revised plan for second-phase development. The Hollong plant, about 10 km south of Digboi, can process 35 MMscfd of gas and 800 b/d of […]
A pesky tax proposal
For the fifth time in 5 years, Pennsylvania Gov. Tom Wolf has proposed a severance tax on oil and gas production to raise money for his government to spend. This occurs in the state that now ranks second in the US in production of natural gas. Source: News
Gray Oak, KMCC hold open season for crude oil line
Gray Oak Pipeline and Kinder Morgan Crude & Condensate launched an open season for long-term crude oil transportation service from Gray Oak line origin points in the Permian basin to KMCC delivery points at or near the Houston Ship Channel. Delivery from the Gray Oak system to HSC would be achieved through a connection in […]
Peak what?
Little has been heard from peak-oil theorists these past few years. With the oil market in extended surplus, warnings about resource deficiency excite no one. Indeed, popular speculation has swung to the opposite peak-that of oil demand. Source: News