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The US shale sector continues to disrupt global oil markets. Soaring US crude production and the resulting exports to Asia and Europe, are transforming worldwide trade flows and changing how consumer countries price crude.

The $600-million deal sees NGL net around 580,000 B/D in disposal capacity and 680,000 B/D in transportation capacity via 19 saltwater disposal wells and a network of produced water pipelines. Hillstone also holds an aggregate of more than 110,000 acres in the Delaware Basin.

Marvin Gearhart, a pioneer in measurements-while-drilling (MWD) and loggingwhile-drilling (LWD) technologies for the oil and gas industry, and a JPT Legends of Drilling honoree, died 20 July. He was 92.

OTC Brasil has named its 2019 Distinguished Achievement Award recipients. Carlos Tadeu Fraga will be honored for individual achievement and Petrobras’ EWT Libra Project will be recognized for corporate achievement.

ConocoPhillips has pulled out of the much-hyped Louisiana Austin Chalk play after the company’s test wells yielded a gusher of water. Meanwhile, an Australian operator flying under the radar continues to pursue the adjacent-but-even-more-challenging Tuscaloosa Marine Shale.

SBM Offshore began construction on the vessel following ExxonMobil’s sanction of the Liza Phase 2 development offshore Guyana in May. It is designed to produce 220,000 BOPD after it starts up in 2022.

The projects are intended to accelerate the development and commercialization of treatment technologies to reduce waste water that is being injected into disposal wells and increase water supplies for reuse.

Panelists at the opening general session of the SPE Annual Technical Conference and Exhibition acknowledged the industry’s daunting challenge of meeting global demand while reducing its carbon footprint.

Remote and integrated operations can make production safer and more efficient. Despite this, the industry has struggled to implement these clearly effective techniques.

The decision follows a previous $10-billion investment in LNG the country made in 2017. While that investment focused on outside energy supply sources, this one will be used to develop infrastructure in Southeast Asia and the Indian subcontinent.