Emerson Launches Roxar Tempest 8.2
other third party and internal applications into the workflow. Post processing and analysis of the Big Loop ensembles is also now fully integrated.Tempest MORE 8.2, the reservoir simulator, can now handle gas liquid recovery plants, enabling the calculating of liquid petroleum gas (LPG) and natural gas liquids (NGLs) production. In addition, the modelling of the physical processes for near well bore flow and for multiple simultaneous fluid types is enhanced. All results can be visualized in the Tempest VIEW module.“What sets Roxar Tempest apart is our commitment to go beyond traditional flow
Norwegian Unions Say 755 O&G Workers Could Strike
oil output was about 285,000 barrels per day in the first four months of the year, with natural gas output at 48.5 million cubic metres (mcm) per day. Norway currently produces about 1.6 million barrels of crude and 280 million standard cubic metres of natural gas per day. Its combined natural gas liquids (NGL) and condensate output is about 400,000 barrels. Employers have argued that a plunge in oil prices since 2014 must be accompanied by cost cuts and flexible work practices to help to keep the industry competitive. Unions, meanwhile, say that members should receive pay
An Open Arctic and its Impact on Oil Drilling
billion barrels of undiscovered oil and oil equivalent. The Arctic Circle area, in particular, has approximately 90 billion barrels of undiscovered but technically recoverable oil, 1,670 trillion cubic feet of technically recoverable natural gas, and 44 billion barrels of technically recoverable natural gas liquids. To put these amounts into context, they account for about 22 percent of the ‘not yet discovered but recoverable’ resources in the world. Drilling down into these figures, lying in the Arctic zone is one third of the world’s undiscovered but potentially recoverable natural
Chevron - First Gas from Bangladesh Bibiyana Project
wells and an enhanced gas liquids recovery unit. The project is expected to boost Chevron-operated natural gas production capacity in Bangladesh by more than 300 million cubic feet per day to 1.4 billion cubic feet per day. In addition, the project is expected to increase the company-operated natural gas liquids production capacity by 4,000 barrels per day to 9,000 barrels per day. Chevron’s Bangladesh subsidiary has a 99 percent working interest in Bibiyana. “The Bibiyana expansion represents Chevron’s commitment to developing new resources to meet energy demand in Asia,&rdquo
Chevron Finds Oil in Deepwater US Gulf of Mexico
continues to unlock important resources in the Gulf of Mexico." "Chevron subsidiaries are among the top producers and leaseholders in the Gulf of Mexico, averaging net daily production of 143,000 barrels of crude oil, 347 million cubic feet of natural gas, and 15,000 barrels of natural gas liquids during 2013," said Jeff Shellebarger, president, Chevron North America Exploration and Production Company. "The company expects additional Gulf of Mexico production from the Tubular Bells and Jack/St. Malo projects by the end of the year." Chevron subsidiary Chevron U.S
Wärtsilä Receives Repeat Order from Evergas
Three new 27,000 cbm LNG/Multigas Carriers for Evergas, the Denmark based transporter of petrochemical gases and natural gas liquids, are to be built featuring the integrated Wärtsilä solution, comprising the main propulsion equipment, the gas fuel supply system, and the cargo handling system. This order is an extension of the one placed in 2013 for a series of three similar vessels. The ships are being built by the Sinopacific Offshore & Engineering (SOE) shipyard in China, and feature an advanced design that offers very high efficiency and unparalleled flexibility. The order was signed
Double Eagle Pipeline Fully Operational
storage facility near Three Rivers started service in mid-April 2013. “We’re pleased to be working with Magellan to expand our Double Eagle pipeline system to meet the increasing needs of producers moving condensate out of the Eagle Ford shale,” said Don Lindley, president of Natural Gas Liquids for KMP. “With continued interest from our customers, we expect to see more expansion opportunities in the near future.” “The Double Eagle partnership provides increasingly important services for producers as production continues to increase and new market opportunities
Shale Adds Up to Make US World's Largest Oil Supplier
held in New York City recently. The U.S. has surged to be the world's lead oil supplier because of growth in shale oil. Shale crude and condensate production at 2.5 MMB/D in 2013 is now slightly over one-third of total U.S. crude production, and shale NGL at 1.2 MMB/D is almost half of total Natural Gas Liquids (NGL's). U.S. total supply for 2013 is expected to average 12.1 MMB/D. In 2012 the U.S. overtook Russia to become the second largest supplier of oil and was just behind Saudi Arabia. Both the U.S. and Saudi Arabia increased their supply in 2013, though production in the U.S. grew at a faster
Dana Gas: Record 2013 Production in Egypt
made since February 2012 production levels have reached a peak of 39,000 boepd, an increase of 13% over the year 2012. The average output year-to-date has been 34,000 boepd. The Company’s core operations in the Nile Delta and its Egyptian Bahrain Gas Derivatives Company (EBGDCo) Natural Gas Liquids extraction plant in Ras Shukheir have not been impacted by the current events in Egypt. However, the Company continues to closely monitor developments. Dana Gas announced the Begonia-1 discovery on 30 June and has submitted a proposed Development Plan to the Egyptian authorities as part
February 2024
