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Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high. The drop in US LNG exports comes amid a combination of weak demand, ample supply, additional capacity coming on line, and flexibility to cancel US cargoes. The offshore export terminal, capable of accommodating very large crude carriers, could provide access to international markets in Asia and Europe—and higher prices—for Permian, Cushing, and Eagle Ford crude oil.
Additional environmental review of the disputed Dakota Access oil pipeline is likely to take the rest of the year to complete, US officials said in court documents in which they also advocate for keeping the line operating during the study. A federal judge ruled on 14 June that the environmental review for the Dakota Access pipeline was, in part, inadequate and must be reconsidered, handing tribal opponents of the 1,170-mile pipeline project a key legal victory.
Unconventional oil and gas have come to dominate the exploration and development scene in Western Canada since 2005, much as they have in the US. As usually happens with new play ideas and trends, appraisal and development have generated a broad spectrum of results in Canadian Unconventional plays. The Energy East Pipeline involves the conversion of an existing TransCanada gas pipeline to oil service, as well as the construction of 1500 km of new pipeline. With a capacity of 1.1 million B/D, it will eliminate the need to import foreign crude oil to refineries in Quebec and New Brunswick.
Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system. Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track. The startup of the deepwater field marks the beginning of production from the massive Stabroek Block, which contains an estimated 6 billion BOE. ExxonMobil estimates that at least 5 FPSOs will be producing more than 750,000 BOPD from the Stabroek Block by 2025.
The drop in US LNG exports comes amid a combination of weak demand, ample supply, additional capacity coming on line, and flexibility to cancel US cargoes. The offshore export terminal, capable of accommodating very large crude carriers, could provide access to international markets in Asia and Europe—and higher prices—for Permian, Cushing, and Eagle Ford crude oil.
An offshore survey identified a decrease in focusing on cost cutting and an increase in preparing to expand operations. With the oil prices above $60/bbl the impetus for negotiation for lower prices by companies and service providers appears to be waning. Global trade for LNG is projected to rise by 50% by 2020. There is a clear acceleration in demand for small- and medium-scale LNG, necessitating splitting of LNG into smaller load parcels. Transfer methods applicable to deeper water, smaller LNG carriers, and harsh environments are critical.
The announcement comes 7 months after the two received permission to begin the tendering process for the project offshore Nigeria, which is expected to carry a peak production of 225,000 BOPD by 2022. Poland’s PGNiG is calling for contractors for an LNG terminal expansion and construction of an additional jetty.
The Japanese operator will submit a development plan to the Indonesian government within the next few weeks, with FID for the $20-billion project coming around 2022. The long-awaited Ichthys LNG Project off Western Australia has finally started gas production. LNG liquefaction is expected in a few weeks.
As natural gas pipeline systems have grown larger and more complex, the importance of optimization of design and operation of pipelines has increased. This paper examines the optimization issue for the Egyptian gas transmission pipeline network. Paradoxical effects can exist when expanding the capacity of natural-gas-transportation networks. This paper derives conditions where it can be expected, how the effect can be masked, and provide analysis to support identification in larger-scale networks. The present work describes the development of a 1D steady-state isothermal reservoir/surface gas-pipeline-network model.