The Department of the Interior’s Office of Natural Resources Revenue (ONRR) reported that revenues generated from energy development on federal lands increased by US$2.76 billion dollars over fiscal year 2018.
In the second part of this two-part article, Marianne Williams, Emerson, explains why reliable sand detection is vital and how the latest vibrating fork level detectors provide an effective solution.
McDermott will have immediate access to US$650 million of financing comprised of US$550 million under a term loan facility and US$100 million under a letter of credit facility, before reduction for related transaction fees and expenses.
Excessive build-up of sand in a separator tank can clog the drain pot, resulting in damage to devices further downstream and requiring an unscheduled shutdown for cleaning. Reliable sand detection is vital and, as Emerson’s Marianne Williams explains, the latest vibrating fork level detectors provide an effective solution.
The scientists involved in the study say their findings show that regulators around the world must take other environmental factors, especially atmospheric pressure changes, into consideration when assessing potential greenhouse gas leakage from onshore oil and gas wells.
Hayley Sutton, Requis, examines how Worley made its procurement process more efficient with the development of an online supply chain platform.
With US production expected to increase by 1.2 million bpd y/y in 2020, and with domestic refineries already maxing out capacity to absorb shale growth, Rystad Energy expects exports to balloon and reach 4.7 million bpd by the end of 2020 and nearly 6 million bpd by the end of 2022.
To be competitive in today's oil and gas industry is first and foremost about upgrading the user experience and not by producing new rigs, says Andreas Grydeland Sulejewski, Neptune Software.
Rob Gill, Aquaterra Energy, asks why the industry is reluctant to adopt conductor-supported platforms for shallow water field developments.
According to Rystad Energy, BP has seen the most resource growth from mergers and acquisitions (M&A) across all supply segments, adding nearly 6.5 billion boe. Conversely, Shell has shed almost 11 billion boe since 2015 (excluding the effect of Shell’s 2015 acquisition of BG Group).
A report by IHS Markit attributes the decline in conventional discoveries to low oil prices, competition from short cycle-time unconventional projects, and financial investors questioning long-term, high-cost, frontier projects.
The Netherlands recently announced that production at Groningen – Europe’s largest gas field – will be halted in 2022, eight years earlier than initially planned.
The ideas proposed by the British government to replace the so-called Irish backstop are likely to be rejected by the European Union, said Adam Johnson, director of Tudor International Freight.
Mark Cattle at Surface Technology looks at how maintaining the integrity of assets can extend equipment life and play a critical role in protecting an ageing infrastructure - particularly in times of uncertainty.
Rystad Energy said that it expects further acreage restructuring and M&A activity in the industry, but emphasises that many operators have managed to combine production growth with balanced spending and debt reductions.