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Business/economics

Saudi Arabia Faces Challenge in Balancing Deep Oil Cuts With Need for Gas

Middle East could lose 15% of ethane-based ethylene supply in 2020 because of oil supply dynamics.

May 17, 2020 • Judy Feder • Journal of Petroleum Technology
Field/project development

Major Operators Submit Plans for Northern Lights JV

An investment decision this year would sanction Norway’s first CO2 storage project. Phase 1 is expected to be operational in 2024.

May 17, 2020 • Lynnmarie P. Flowers • Journal of Petroleum Technology
Human resources

Study Finds Most Workers Prefer WFH as Companies Return to Normal From COVID-19

In a survey of 448 workers across the oil and gas industry, UH Energy asked key questions about returning to work during the global pandemic.

May 18, 2020 • Brian Balboa • Oil and Gas Facilities
Water management

Southern Delaware Basin Water Infrastructure Transaction Terminated

Centennial said in its 10-Q report for Q1 that the economic downturn increased the likelihood that the transaction would fail to close by its original timeline.

May 18, 2020 • Brian Balboa • Oil and Gas Facilities
SPE News

Video: SPE Talks Leadership

SPE leaders share their insights on how COVID-19 and the low oil price environment are affecting the oil and gas workforce, the SPE, and future industry interaction, including academia.

May 18, 2020 • Journal of Petroleum Technology
Business/economics

Total Puts the Brakes on Oil Deal With Occidental

Houston-based Occidental had earmarked the money to ease debt from buying Anadarko.

May 18, 2020 • Lynnmarie P. Flowers • Journal of Petroleum Technology
Environment

Alberta Suspends Environmental Monitoring Rules for Oilsands During Pandemic

The Alberta Energy Regulator has suspended a wide array of environmental monitoring requirements for oilsands companies over public health concerns raised by the COVID-19 pandemic.

May 18, 2020 • The Star • HSE Now
Data & Analytics

Flotek Acquires Data and Analytics Company JP3

Flotek Industries announced that it has acquired 100% ownership of JP3 Measurement, a privately held data and analytics technology company, diversifying the company’s business across all segments of the hydrocarbon industry.

May 18, 2020 • Data Science and Digital Engineering
Emission management

ExxonMobil, Pioneer Propose A Methane Monitoring Network For Texas Oil Fields

Tracking down fugitive emissions has traditionally relied on small-scale detection efforts. This new project seeks to buck the trend by covering the Permian Basin with sensors.

May 18, 2020 • Trent Jacobs • Journal of Petroleum Technology
Environment

Environmentalists Worry Colorado Will See a Surge of Abandoned Oil and Gas Wells as Industry Tanks

The number of temporarily abandoned oil and gas wells is up 37% from last year, but Colorado regulators say they still have the time—and money—to inspect them.

May 18, 2020 • The Colorado Sun • HSE Now

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