Two consecutive years of economic contraction in the Texas upstream industry ended as 2016 drew to a close, the Texas Alliance of Energy Producers (TAEP) says. Source: News
BLM, USFS seek comments on proposed Colorado gas development
The US Bureau of Land Management and the Grand Mesa, Uncompahgre, and Gunnison National Forests are seeking public comments on a natural gas development proposal that would be about 12 miles north of Paonia, Colo. Source: News
Mexico reforms may help raise energy transparency bar, speakers say
Mexico’s energy system reforms could help set a new transparency and accountability standard if they are implemented aggressively and executed well, speakers suggested at a Jan. 24 Carnegie Endowment for International Peace forum. “Transparency disclosures on their own are essential, but there also needs to be accountability. The rule of law also is essential,” observed […]
Iranian gas plants due Siemens compressors
Palayesh Parsian Sepehr Co. (PPSC), through a contractor, has let a contract to Siemens AG to supply 12 of its STC-SV vertical split compressor trains for two onshore natural gas processing plants in Iran. Source: News
BP Energy Outlook: Global energy demand to grow 30% to 2035
According to the 2017 edition of BP’s Energy Outlook, global energy demand will increase by around 30% to 2035, an average growth of 1.3%/year, driven by increasing prosperity in developing countries, partially offset by rapid gains in energy efficiency. Source: News
Topside modules installed for first barge-based FSRU
Wison Offshore & Marine Ltd., Shanghai, has completed engineering, procurement, and construction (EPC) services for the first barge-based floating storage and regasification unit (FSRU) for Exmar NV, Antwerp. Source: News
BHP makes major gas find offshore Trinidad and Tobago
BHP Billiton Ltd. has reported that its LeClerc discovery in the deep water off Trinidad’s South East is a “large potential gas resource” that contains both natural gas and oil. Source: News
EIA: US crude, gasoline stockpiles up in 3 straight weeks to begin 2017
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, rose 2.8 million bbl during the week ended Jan. 20 compared with the previous week’s total, the US Energy Information Administration said in its latest Petroleum Status Report. Source: News
Conference: BP exec says Trinidad and Tobago remains crucial part for growth
BP PLC expects its Trinidad and Tobago unit, BP Trinidad & Tobago LLC (BPTT), to provide 20% of its global growth in its upstream business over the next 3 years, according to Bernard Looney, the company’s chief executive, upstream. Source: News
Indonesia launches new PSC regime for E&P firms
The Indonesian government has announced the beginning of a new production-sharing contract (PSC) regime that stipulates that exploration and production companies pay more of the overall costs of development and production, but gain a greater share of revenue. Source: News