Statoil Uruguay BV has agreed to acquire 15% working interest in exploration Block 14 offshore Uruguay from Total E&P Uruguay BV. Source: News
Where Congress fits in 2016
Despite its being an election year, Congress still is an important part of Washington oil and gas associations’ 2016 federal strategies. But those efforts will need to reflect changes in US Senate and House dynamics in 2015 and earlier, association officials told OGJ. Source: News
With ethanol case spent, fans resort to dragon-slaying
With arguments crumbling for governmental support of ethanol, politicians have joined lobbyists to slay the “big-oil” dragon. Source: News
Near-term pipeline construction strong
Planned pipeline construction to be completed in 2016 increased 64% from the year prior, with expected products, crude, and natural gas project completions all climbing even as future planned mileage slipped in all three categories, most markedly crude and products. Source: News
Guide to world crudes: Statoil publishes assay for Grane Blend
The company developed Grane oil field in the North Sea using an integrated accommodation, processing, and drilling platform with fixed steel-frame construction resting on the seabed. The platform sits on Block 25/11, about 185 km west of Haugesund, Norway, in water 127 m deep. Source: News
Shell inks deal to sell Malaysian refinery
Royal Dutch Shell PLC has entered into a conditional agreement to sell its majority interest in Shell Refining Co. (FOM) Bhd. (SRC), including the 125,000-b/d refinery in Port Dickson, Malaysia, to Malaysia Hengyuan International Ltd. (MHIL), a subsidiary of China’s Shandong Hengyuan Petrochemical Co. Ltd. (SHP), Shandong. Source: News
Flare gas recovery systems benefit from acid gas temperature analyses
A study of two methods for removing H2S and CO2 from natural gas at a Middle Eastern gas processing plant concluded that control of sour gas feed temperature can eliminate the need for trim coolers and associated refrigeration in the design of acid gas recovery units (AGRU), resulting in reduced capital expenditures, improved efficiency for […]
MARKET WATCH: NYMEX, Brent oil prices hit 3-week highs
Light, sweet crude for March delivery gained 40¢ on Jan. 29 to settle at $33.62/bbl, marking the New York Mercantile Exchange’s highest closing since Jan. 6. Brent crude oil rose 85¢ to $34.74/bbl on the London market, its highest settlement since Jan. 5. Source: News
Shear test, stress analysis predict collapsing pressure in China’s Liushagang shale
A new study uses shear tests and seepage-stress analysis in north China’s Liushagang formation to create a model that predicts collapsing pressure and avoids costly drilling delays in hard, brittle shales. Source: News
Proposed EPA methane regulations will add costly requirements to upstream operations
The US Environmental Protection Agency (EPA) has proposed regulations for methane and volatile organic compound (VOC) emissions from the oil and gas industry that would place a number of new requirements on upstream operations, including capturing or combusting emissions during well completions, monitoring for fugitive emissions from equipment leaks, and making needed repairs. Source: […]