The North Dakota Industrial Commission (NDIC) gave the oil and gas industry 10 extra months to reduce the amount of associated natural gas flared at oil wells, citing industry’s comments that pipeline construction delays have made it all but impossible to meet existing targets. Source: News
Walker calls Alaska legislature into special session on gas issues
Alaska Gov. Bill Walker (I) called the state legislature into special session starting Oct. 24 to discuss natural gas pipeline issues. He asked lawmakers in his Sept. 24 proclamation to consider reinstating a tax on undeveloped Alaska North Slope gas reserves, and exercising the state’s option to acquire TransCanada Corp.’s interest in the Alaska LNG […]
Thai operator plans revamp, restart of idled Louisiana ethylene cracker
Indorama Ventures Olefins LLC (IVO), a subsidiary of Thailand’s Indorama Ventures Public Co. Ltd. (IVL), Bangkok, has entered an agreement to buy, renovate, and restart a dormant ethane cracker in Carlyss, La., just west of Lake Charles in Calcasieu Parish. Source: News
Stone Energy shutters output from Mary field in Appalachia
Stone Energy Corp., Lafayette, La., shut-in production from Mary field in Appalachia on Sept. 1, citing “unacceptable” operating margins caused by low commodity pricing—including negative differentials in the region—along with fees for transportation, processing, and gathering. Source: News
Forum: N. America should develop further as global energy leader
North America has become a “global energy powerhouse” in the 20 years since the North American Free Trade Agreement (NAFTA) was implemented, and the continent now has a “tremendous opportunity” to further leverage its position globally by improving efficiency, collaboration, and connectivity, a speaker noted at a Sept. 24 event hosted by the James A. […]
Ichthys field development progresses with CPF launch
The central processing facility (CPF) for the Inpex-Total joint venture’s Ichthys gas-condensate field in the Browse basin offshore Western Australia has been successfully launched from its dry dock construction site in South Korea. In April, contractors completed the first topside module lifts onto the CPF and the floating production, storage, and offloading facility. Source: […]
Venezuela gas from Loran-Manatee to be processed at Point Fortin LNG
Venezuela has signed an agreement with neighboring Trinidad and Tobago to send its portion of the natural gas being developed and produced from giant Loran-Manatee field to the twin-island nation for processing as LNG. Loran-Manatee field lies along the two countries’ maritime border. Source: News
MARKET WATCH: NYMEX oil prices climb modestly on Yellen’s interest-rate comments
The crude oil contract for November delivery gained modestly to close at just under $45/bbl on the New York market Sept. 24 following a speech by Federal Reserve Chair Janet Yellen in which she said the US economy was strong enough to support an interest-rate increase later this year. Source: News
PBF Energy restarts FCC, advances maintenance at Delaware
PBF Energy Inc., Parsippany, NJ, has restarted the fluid catalytic cracker (FCC) at its 190,000-b/sd refinery in Delaware City, Del., after an Aug. 21 fire at the unit resulted in its complete shutdown (OGJ Online, Aug. 21, 2015). Source: News
Total lets contract for proposed Texas steam cracker
Total Petrochemicals & Refining USA Inc., a subsidiary of Total SA, has let a contract to CB&I, Houston, to provide front-end engineering and design (FEED) services and technology licensing for its previously announced proposal to build a steam cracker to be tied in with its existing operations at the US Gulf Coast (OGJ Online, May […]