Proper calibration can yield savings of 0.4% over the typical 25-year life of a large natural gas transfer metering system, equaling $120-330 million of extra revenue for the system examined, depending on commodity pricing. Determining early that meters are properly calibrated is key to realizing these savings. Source: News
Examples illustrate sour-gas processing megaproject metrics
Increased recovery of hydrocarbon resources containing high amounts of H2S has spurred ongoing development of projects to gather and process large volumes of extremely sour gas. Source: News
Refiners tackle Tier 3 compliance at annual conference
During the 2015 American Fuel and Petrochemical Manufacturers Q&A and Technology Forum (Oct. 4-7, New Orleans), US domestic and international refiners dedicated time to discussing trends in hydroprocessing operations, with an extended focus on issues of safety, phosphorous poisoning, and meeting the US Environmental Protection Agency’s (EPA) more stringent Tier 3 gasoline standards that take […]
Cost-cutting not enough to hit IOC growth target
International oil companies (IOCs) responded to low oil prices by cutting spending and costs while seeking to deliver more production. Corporate filings show costs will have to fall below 2010 levels for companies to reach production targets. Source: News
Seismic stimulation advances EOR technology
Seismic stimulation can arrest oil production decline rates in mature fields. The method has proved effective on diatomite, sandstone, and carbonate reservoirs. It holds promise as an alternative to refracturing in shale plays. Source: News
Integrity management improves long-term profitability in aging assets
As offshore production facilities near the end of their design-lives, operators often increase focus on maintaining asset integrity. Some mature fields could deliver additional resources with more efficient production assets, but achieving this goal can be problematic without an asset integrity management (AIM) program. Source: News
Norway remains active, UK seeks change
Like most offshore regions, the North Sea is experiencing a temporary slowdown in exploration and development (E&D). Source: News
TAEP: Tough times 'not over' for Texas oil, gas industry
Crude oil prices in Texas averaged $45.19/bbl in June, marking the fourth straight monthly increase since the average monthly price fell to a low of $27.08/bbl in February. Source: News
Mature basins enter final phase
The UK Continental Shelf (UKCS) is home to more than 4,000 wells drilled since the passing of the country’s Continental Shelf Act in 1964. More than £50 billion has been invested in the last half-century, and the UKCS has produced more than 45 billion boe during the same period. Source: News
The energy platforms-Conclusion: Three third parties
Among the five US political parties on general-election ballots in 10 or more states this year, the Green Party has by far the longest platform on energy and the environment. Source: News