ExxonMobil has let a contract to a consortium of Maire Tecnimont subsidiary Tecnimont SPA and Performance Contractors Inc. to provide front-end engineering design, early execution studies, and early procurement activities for new process units and associated offsites and utilities at the operator’s recently approved $2-billion project to expand its Baytown, Tex., chemical plant. Source: […]
Contract let for offshore Mexico gas production
MODEC of Japan has let a contract to MAN Energy Solutions to supply six compressor trains for a floating production, storage, and offloading vessel in the Gulf of Mexico as part of development of the Eni SPA subsidiary’s Eni Mexico S. de RL de CV-operated Area 1 offshore Mexico. Source: News
MARKET WATCH: Crude prices rise on geopolitical concerns
Benchmark crude oil prices gained modestly while traders and analysts monitored US-Iran tensions. Light, sweet crude oil prices gained to settle above $62/bbl on the New York market on May 15 while the Brent contract for July gained modestly to approach $72/bbl in London. Source: News
EPA issues draft study of how onshore wastewater is managed
The US Environmental Protection Agency issued a draft study on how the agency, states, Indian tribes, and other stakeholders manage wastewater from onshore oil and gas extraction. The undertaking will leverage expertise from those groups to identify challenges and opportunities surrounding the potential benefits of reusing the wastewater, said David Ross, EPA Office of Water […]
US House bill would curb oil, gas methane emissions
US Rep. Diana DeGette (D-Colo.) introduced a bill aimed at limiting methane emissions from oil and gas operations on May 14. “If we’re going to be serious about fixing the climate crisis, we have to be serious about curbing the release of methane into the atmosphere,” she said. Source: News
Senators’ bill would impose Nord Stream 2 sanctions
US Sens. Ted Cruz (R-Tex.) and Jeanne Shaheen (D-NH) have introduced a bill on May 14 that would impose targeted sanctions against vessels involved in constructing the proposed Nord Stream 2 natural gas pipeline and other Russian energy projects. Source: News
IEA: Oil market calm despite geopolitical supply concerns
In its latest monthly Oil Market Report, the International Energy Agency said the global oil market remains calm despite the ongoing geopolitical supply concerns. The geopolitical supply concerns around Libya, Iran, and Venezuela have been joined in the past few days by the attacks on shipping off Fujairah and on two pumping stations in Saudi […]
Oman LNG lets contract for Sur plant
Oman LNG has let a contract to KBR to provide debottlenecking services for its 34 million-cu m/day liquefaction plant on the coast at Qalhat near Sur, in Oman’s South Sharqiyah Governorate. As part of the of the contract, KBR will provide front-end engineering design services for the debottlenecking project to increase production at the Sur […]
EIA: US crude inventories up 5.4 million bbl
US crude oil inventories for the week ended May 10, excluding the Strategic Petroleum Reserve, increased by 5.4 million bbl from the previous week, according to data from the US Energy Information Administration. At 472 million bbl, US crude oil inventories are 2% above the 5-year average for this time of year, the report indicated. […]
SemCAMS, Keyera to build Montney-Duvernay liquids line
SemCAMS Midstream has entered into an asset joint venture with Keyera to build an NGL and condensate pipeline system connecting the liquids-rich Montney and Duvernay shale production areas of northwestern Alberta to fractionation and condensate hubs in Fort Saskatchewan, Alta. The joint venture replaces SemCAMS Midstream’s previously announced Montney to Market (M2M) pipeline. Source: […]