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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. Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs. 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.
When two engineers lost their jobs during the industry downturn, they used the misfortune as an opportunity to develop an innovative concept that aims to make it a lot easier to move subsea gas long distances. Approaches to integrated investigative testing and root cause identification are discussed to prevent solid emulsions from stabilizing to impair flowlines and other field infrastructure.
Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search. Researchers have developed a drilling-data-aggregation and -distribution system that seamlessly integrates all forms of data, file types, and communication protocols and incorporates human-factors engineering in the design. In this study, the authors demonstrate a reliable, cost-effective methodology that empowers shale operators with reservoir data on every well. One of the biggest ways to lower the cost of production from shale would be to identify zones that are productive, or not, before fracturing them.
It will provide re ... Harkand has secured a USD 5 million contract from Swiber Offshore Mexico to perform saturation divin ... Two Bumi Armada subsidiary companies secured USD 300 million worth of contracts from ElectroGas for ... Amec Foster Wheeler has been awarded a contract by BP worth more than USD 73 million. Tam International, which provides inflatable and swellable packers for the oil and gas industry, has ... Sanchez Energy closed a deal with a subsidiary of Sanchez Production Partners to sell wellbore and a ... Penn West Petroleum has entered into a USD 321 million agreement with Freehold Royalties to sell an ... Bonterra Energy has acquired Cardium formation-focused assets in the Pembina area of Alberta, Canada ... Petrobras has sold its assets in Argentina’s Austral basin to Compañia General de Combustibles for U ... Pemex signed an agreement worth USD 1 billion with private equity firmFirst Reserve to jointly inves ... Gulfport Energy entered into an agreement to acquire Paloma Partners III for USD 300 million. Apache sold its 13% stake in the Wheatstone LNG terminal in Western Australia and 50% interest in th ... Shell Petroleum Development Company of Nigeria completed the sale of its 30% interest in Oil Mining ... Oil and gas safety company Secorp opened a new office in Hobbs, New Mexico. Bill Barrett Corp. has signed agreements with several undisclosed recipients for the sale of the maj ... Encana said it will sell its remaining 54% stake in PrairieSky Royalty via a USD-2.4-billion Cardinal Energy entered into an agreement with an unnamed seller to acquire assets whose total daily ... Petrobras has awarded a contract, worth USD 465 million over a period of 5 years, to Aker Oilfield S ... CGG received contracts for the 3D seismic acquisition of four surveys using its marine broadband tec ... IKM Subsea, a subsidiary of IKM Group, has been awarded a contract by Eni Indonesia to provide remot ... OneSubsea, Schlumberger, and Helix Energy Solutions signed a letter of intent to develop technologie ... Premier Hytemp has committed to opening a USD-20-million, 67,000-ft2 precision engineering facility ... Expro has constructed a new 20,000‑m2 facility in Macaé, Brazil.
Enhanced Gas Recovery: Benefits Seen in Downhole vs. Wellhead Gas Compression Extensive analysis has led to the conclusion that downhole gas compression provides a greater increase in gas production than wellhead gas compression because of the additional drawdown created. In drawdown management, operators can exert control over the downhole flow pressure, reservoir pressure, and choke size to avoid estimated ultimate recovery (EUR) losses.
A study using a dynamic multiphase-flow software simulated a rapid-unloading event and determined the gas fraction in the riser annulus and the effect on riser fluid levels. The Troll field is one of the largest gas producers discovered off Norway, but ensuring its long-term future required finding ways to drill wells in an increasingly fragile formation to develop its rich oil reserves. The list of wells drilled using dual gradient includes one drilled in the “eastern Gulf of Mexico,” which could be more precisely described as offshore Cuba. A previous attempt to drill an exploration well in ultradeep water in the Gulf of Mexico (GOM) did not reach its objective.
Petrobras says it can produce oil for a lower break-even price than onshore shale plays, including the Permian Basin. Brazil’s offshore sector has cut the cost of deepwater production but comparisons based on break-even prices are slippery. It's Hard To Make Money in Deepwater, Even With Billions of Barrels To Produce Low oil prices have made the goal of this Petrobras project and its four partners to lower the break-even price of operating to USD 35/bbl.
Africa (Sub-Sahara) Shell's new natural gas discoveries in Egypt are estimated in initial quantities at about 500 Bcf with more reserves possible, said Aidan Murphy, chairman and managing director of Shell Egypt. The discoveries, in a concession area of north Alam El-Shawish in the country's western desert, could yield 10% to 15% of the total production of Badr el-Din Petroleum Company, the 50/50 joint venture of Shell and Egyptian General Petroleum Corporation that is expected to manage the operations. Eni reported that the Laarich East-1 oil well in Tunisia has a delivery capacity of approximately 2,000 B/D. Spudded in June, the well discovered hydrocarbons in Silurian and Ordovician sandstones while reaching a final depth of 13,487 ft. The well has now been connected to production. The company continues to drill Tunisian exploration prospects that have been identified on 3D seismic surveys. Eni owns a 50% stake in the Makhrouga-Laarich-Debbech license, where the Laarich East-1 well is located.
In the northeastern desert of Utah, a new type of oil sands extraction technology has been born. The company behind it claims the process is the most cost-effective and environmentally sound way to develop oil sands. SPE’s technical directors are focused on problems that require working outside the bounds of their discipline. A condensed version of what is on the minds of SPE’s technical directors is: The industry needs multidisciplinary, data-driven ways to adapt to what is ahead, focus on what is critical for decision making, and take a long view as another generation takes over.