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Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year. 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. A recovery in the energy industry is key to the oilfield water sector in the Permian. But the industry must address issues such as further research, regulatory changes, and technology. Poland state officials said the terminal expansion is crucial to strengthening the country’s energy security by increasing its capacity to receive LNG and gas from European countries and decreasing its dependence on Russia.
New report offers guidelines for pressure pumpers of the future. The industry has very limited experience in shuttering production on a large scale in unconventional reservoirs. Many questions remain on how stimulated, nanodarcy shale reservoirs may respond. George King discusses the paradigm shifts needed in the industry. As tight-oil producers move to curtail production, hard-to-answer questions are being raised about how shuttered wells will come back.
From the highest courts of the US judicial branch to the C-suite, contests involving patents have recently come to the fore in the innovation hungry US oilfield services industry, even as filings and litigation have declined in recent years. Seeking out, experimenting with, and ultimately embracing technologies from other industries have proven crucial to innovating at oilfield service firms such as Halliburton, which has tried everything from dog food to submarine tech to improve its work downhole. R&D may be the key to the survival of companies as the new economics of the industry take hold. Even as the oil and gas industry looks for the next great idea to propel it forward, it should constantly reconsider past innovations for inspiration, the CEO of a major operator said Monday on the opening day of 2017 SPE ATCE. The R&D Technical Section dinner at ATCE drew varying perspectives as the panelists discussed, and sometimes debated, a range of approaches to safeguarding industry viability and growth in the years ahead.
Production data from the oldest horizontal wells in the three largest oil plays in the US show that annual decline rates remain relatively high for a long period of time. This challenges assumptions held about production after 5 years and directly affects reserve and ultimate recovery estimates. Most of ConocoPhillips’ oil and gas production by the end of the next decade will come from its unconventional operations. But, for the near-term, the Houston independent will rely on conventional assets as it seeks to keep spending in check, decline rates low, and cash flow on the rise. Researchers from the Federal Reserve Bank of Dallas quantified the economic impact of the US shale revolution for the first half of this decade.
The complete paper discusses the successful execution of the first offshore multilateral well completed for multistage high-pressure proppant stimulation, according to the authors, in the Black Sea offshore Romania. This paper details the design and execution of what the authors say they believe is the first successful frac-pack operation in a previously gravel-packed well. The evolution of hydraulic fracturing is a long and circuitous one that deserves examination. Engineering and completions leaders from Liberty Oilfield Services did just that, authoring a paper that encapsulates the high points in the development of the groundbreaking completions practice. Producers in Texas have claimed an economic victory with their transition to local sands that they once avoided using in horizontal wells due to their low-quality.
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. According to a new report from the EIA, the volume of natural gas reported as flared reached its highest average annual level in 2018, 1.28 Bcf/D. With production soaring in the Bakken, Permian, and Eagle Ford plays, North Dakota and Texas accounted for more than 80% of that total. 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.
The development of unconventional basins across North America for the past decade initially caused some in the industry to wonder if challenges found in unconventional basins would require new chemistries and technologies. As the basins have been produced and water chemistries evaluated and treated, it has become clear that established scale inhibitor chemistries and methodologies are suitable to treat unconventional scaling scenarios. However, the number of applicable chemistries can be limited as some of the most common scale inhibitor chemistries have been found lacking in iron tolerance. The biggest lesson learned over the course of the past decade has been to not underestimate the role that iron can play as spoiler not only in performance of scale inhibitor chemistries, but also in test methodologies and monitoring techniques. While the need to account for iron in conventional programs has not been taken for granted, the amount of iron produced in unconventional production basins has led to a re-evaluation of just how severely iron in solution can impact scale programs from product testing and selection all the way through to program monitoring.
This paper highlights the brine chemistries in major North American unconventional basins, especially regarding iron. Test methods and results from dynamic scale loop and anaerobic static bottle testing will be highlighted as well as the limitations of using field brines in product evaluations. Field observations will be discussed to support the importance of proper product selection as well as monitoring techniques.
This subject has implications for the industry as unconventional basins across North America continue to search for program improvements to drive reductions in total operational costs. Additionally, as unconventional basins are developed outside of North America, the lessons learned can be applied to efficiently develop best in class scale inhibitor programs. As appreciation for the impact of high levels of iron on scale inhibitor performance continues to evolve, there is a possibility that a smaller amount of iron tolerant scale inhibitors will limit the treatment options available in unconventional production basins.
The industry has very limited experience in shuttering production on a large scale in unconventional reservoirs. Many questions remain on how stimulated, nanodarcy shale reservoirs may respond. George King discusses the paradigm shifts needed in the industry. As tight-oil producers move to curtail production, hard-to-answer questions are being raised about how shuttered wells will come back. The issue reveals key uncertainties about the delicate flow paths that define unconventional reservoirs.
The first interdisciplinary oil and gas conference to be held in Saudi Arabia, the 12th International Petroleum Technology Conference, was the largest in its history in attendance. This features highlights of the panel and technical sessions, and an interview with Saudi Aramco CEO Amin Nasser. JPT interviewed Saudi Aramco President and Chief Executive Officer Amin Nasser during IPTC. He discussed the company’s outlook for the new year and the current state of the oil and gas industry. On the edge of the Arabian Desert, a megaproject located above the Arctic Circle was given the IPTC Excellence in Project Integration Award.
Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months. Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues? Production from Train 3 comes almost a month after reaching its final commissioning stage.