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What will 2020 look like for the oil and gas, energy, and petrochemical markets? Here are 10 observations from ADI Analytics that demonstrate just how global and complex the energy mix has become. ADNOC and CNOOC will explore multiple new opportunities for collaboration across the upstream and downstream sectors in the UAE and China.
What will 2020 look like for the oil and gas, energy, and petrochemical markets? Here are 10 observations from ADI Analytics that demonstrate just how global and complex the energy mix has become. After a planned acquisition of Goodnight fell through, private equity firm Tailwater Capital is boosting its total investment in the water midstream company to more than $500 million. Goodnight recently signed five long-term contracts with producers in the Delaware Basin and the Bakken. Calgary-based Pembina Pipeline Corp. has entered into agreements to acquire Kinder Morgan Canada Ltd. and the US portion of the Cochin Pipeline system from Kinder Morgan for a total purchase price of approximately $4.35 billion.
The hunt for global alternatives to store crude oil includes offshore, global strategic reserves, pipelines, rail cars, and trucks. The US crude inventory grew by 74 million bbl since 13 March when the US declared a national emergency in response to COVID-19. Phillips 66 Partners Takes 50% Interest in $1.6-Billion Liberty Pipeline Project The transaction is expected to close in March. The Liberty Pipeline runs 700 miles between Cushing, Oklahoma and Guernsey, Wyoming. What will 2020 look like for the oil and gas, energy, and petrochemical markets?
This 1-day course is an introduction to thermodynamics and pressure-volume-temperature (PVT) and tuning parameters to fit laboratory data. Different analytical models for oil rate predictions such as Butler-Mokrys (1989) and Dunn-Nenniger-Rajan (1989) models will be discussed. Introduction to thermodynamics and pressure-volume-temperature (PVT): basic law such as: Clausius-Clapeyron Equation, Dalton's law, Henry's Law and Raoult's law are explained and practical examples such as temperature reduction in chamber due to NCG injection, and temperature reduction at Azeotropic point in ES-SAGD process will be solved numerically. Pure Solvent Modelling: processes such as VAPEX and Nsolv will be explained, and different theories explaining the pure solvent oil rates such as Butler-Mokrys (1989) and Dunn-Nenniger-Rajan (1989) models will be explained and compared to physical models. Concepts such as onset of asphaltene precipitation will be discussed.
Engineers are responsible for enhancing their professional competence throughout their careers. Licensed, chartered, and / or certified engineers are sometimes required by government entities to provide proof of continued professional development and training. Training credits are defined as Continuing Education Units (CEUs) or Professional Development Hours (PDH). Attendees of SPE training courses earn 0.8 CEUs for each day of training. We provide each attendee a certificate upon completion of the training course.
Middle East could lose 15% of ethane-based ethylene supply in 2020 because of oil supply dynamics. The purpose of this paper is to examine coiled-tubing (CT) -stimulation and -logging technologies used in the timely project execution of one of Saudi Arabia’s largest field developments to enhance matrix-stimulation success in a cost-effective manner.
The goal of this paper was to examine refinery workers’ personal exposure to benzene and 1,3-butadiene and increase awareness of exposure conditions by collaboration with involved refineries. Exposure to airborne agents needs to be assessed in the personal breathing zone by the use of personal measurement equipment. Specific measurement devices for assessing personal exposure to airborne nanomaterials have only become available in the recent years.
Root-cause analysis determined that failures in production tubing in the mature Casabe and Cantagallo fields could be the result mainly of corrosion by the multiphase fluids transported or as the result of wear mechanisms caused by contact between the internal wall of the tubing and the sucker rod in artificial-lift systems. To solve this problem, HDPE liner was evaluated in the laboratory and implemented in a pilot-scale test. Results proved its ability to absorb abrasion impact from sand particles and resist CO2 corrosion. After 12 months in service, the HDPE liner demonstrated its compatibility with aggressive fluids, remaining thermally stable with no structural variation and absence of swelling, softening, and blistering. After 6 years, the pilot remained failure-free and operationally active. On the basis of these results as well as other research in the literature, HDPE liner was proposed as a downhole alternative to prolong run life of critical wells in the Casabe field. To this end, HDPE lining for carbon steel tubing was developed and manufactured in Colombia through an engineering process that included materials specification, prototype design, mechanical stress analysis, laboratory tests in simulated downhole conditions, redesign of the prototype, and optimization of the production process. To validate the technology, the downhole HDPE liner was installed in three producing wells with progressive-cavity-pump (PCP) artificial-lift systems and a run life of approximately 300 days. After 400 days of service, well intervention was performed not related to tubing; the tubing had not experienced damage and was reinstalled, with a three- to sixfold run-life increase.
BP said the sale, expected to be complete by year end, will further strengthen its balance sheet and help fulfill its target for agreed divestments a year earlier than originally scheduled. The sale comes less than a month after BP said it would cut 10,000 jobs—or approximately 14% of its workforce—in response to the COVID-19 pandemic, and as part of the company’s plan to shift to renewable energy, which includes its commitment to reducing its carbon footprint to net zero by 2050 or sooner. An additional $1 billion will be deferred and paid in three separate instalments of $100 million in March, April, and May 2021, with the remaining $700 million payable by the end of June 2021. BP said the sale also helps it meet its $15 billion target for agreed divestments a year ahead of schedule. The company expects to report its Q2 results on 4 August, and to hold a capital markets day to set out details of its new strategic direction in mid-September.