Inside the Subsea Cable Firm Secretly Helping America Take on China
two U.S. Navy staffers. The individuals asked not to be named because they were not authorized to discuss the operations.This dual role has made SubCom increasingly valuable to Washington as global internet infrastructure – from undersea cables to data centers and 5G mobile networks – risks fracturing into two systems, one backed by the United States, the other controlled by China.SubCom is owned by Cerberus Capital Management, a New York-based private equity firm that has invested in defense contractors and national security assets. Last year, Cerberus paid $300 million for a Philippine shipyard
'Doomsday’ Glacier Could Trigger Global Floods and Swallow Islands
, a glaciologist at Oregon State University.This work supports research published in 2020 which also noted the development of cracks and crevasses on the Thwaites ice shelf. These indicate that it is being structurally weakened. This damage can have a reinforcing feedback effect because cracking and fracturing can promote further weakening, priming the ice shelf for disintegration.If Thwaites’ ice shelf did collapse, it would spell the beginning of the end for the glacier. Without its ice shelf, Thwaites glacier would discharge all its ice into the ocean over the following decades to centuries
U.S. to send envoy to Saudi Arabia to Stabilize Oil Prices
, senior vice president of policy, economics and regulatory affairs at the American Petroleum Institute. "They've been proven ineffective and harmful. There's no reason during this time to try to imitate OPEC."In the last several years, shale operators using the innovative hydraulic fracturing, or fracking, technique, have boosted U.S. oil output to nearly 13 million barrels per day, making it the world's largest producer. Since 2016, as OPEC restrained production, the United States has taken market share from Saudi Arabia, Russia and other nations.Russia has been slower to come
Schlumberger Sees International Growth in 2019
;s North America business rose 0.3 percent year over year to $2.82 billion, while international revenue rose nearly 1 percent to $5.28 billion.Schlumberger warned in early December that fourth-quarter North America revenues would take a hit due to steeper-than-anticipated declines in the hydraulic fracturing market.Revenues in its OneStim hydraulic fracturing businesses slid 25 percent sequentially in the fourth quarter, prompting the company to idle some of its fleets late in the fourth quarter, the company said.Shares of Schlumberger rose 3 percent to $42.60 in trading before the opening bell.Kibsgaard
US Rivers Getting Saltier, Drinking Water at Risk -Study
. waterways saltier and more alkaline, according to the study, which examined decades of data recorded from 232 U.S. Geological Survey monitoring sites. Salt can also be released by floods that reach sewage systems and spill the contamination into waterways, as well as from brines at hydraulic fracturing - or fracking - operations and oil and gas sites. The salinity makes water more alkaline, or higher pH, by breaking down concrete, rocks in rivers and minerals in soil and water. The release of the contaminants can cause pipelines to corrode and leach lead into drinking water, while zinc
BOEM, BSEE Find No Significant Impact from OCS Well Stimulation
treatments in federal waters offshore California. The comprehensive analysis shows that these practices, conducted according to permit requirements, have minimal impact,” said BOEM director, Abigail Ross Hopper. The agencies evaluated several categories of treatments, including hydraulic fracturing, a range of alternatives and all environmental resources that could potentially be impacted, and their analysis indicated no significant environmental impacts associated with any of the alternatives considered. The resource areas evaluated in the offshore environment include water quality
GE, Statoil Partner for Sustainable Energy Development
using natural gas that would otherwise be flared at well sites. Compressed natural gas (CNG) can be used to fuel rigs, vehicles and equipment, thereby reducing or replacing the need for diesel. Reduce water usage through CO2 stimulation: Use liquefied CO2 stimulation to both reduce water usage in fracturing operations and increase oil and gas production. Increase fuel efficiency through gas compressor optimisation: Increase performance, efficiency, and extend maintenance intervals through optimisation of gas compressor components. Increase fuel efficiency with Turbine Online Water Wash technology
Weir & MTU to Jointly Develop Fracturing Power Systems
Rolls-Royce Power Systems inform that Weir Oil & Gas and the Rolls-Royce Power Systems company MTU have signed an agreement to develop power systems specifically engineered for hydraulic fracturing. Weir is the leading manufacturer of hydraulic fracturing pumps and MTU is a market leader in heavy-duty industrial diesel engines. The system will be used for hydraulic fracturing operations during the well completion stage of shale oil and gas projects. The agreement was announced at the current Offshore Technology Conference in Houston, Texas, with the fully integrated power system expected to be
Modern Solutions Power Systems Conference
will present the keynote, The Nuclear World: Can the U.S. Regain Global Leadership? Mills, who is also the founder and CEO of the Digital Power Group, will delve into the economics and physics of electric grids in the modern age during his keynote presentation. Attendees will also learn how hydraulic fracturing has changed the petroleum industry and directly affected business operations and individual lives from keynote speaker Don Briggs, president of the Louisiana Oil and Gas Association. Throughout this three-day event, there will be several sessions, led by panels of industry experts, which will
February 2024
