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Business/economics

US Crude Exports to China May Depend on Arbitrage

US crude exports to China have decreased from peak levels in May and June, but Vortexa said there may be unique opportunities looking forward.

July 16, 2020 • Oil and Gas Facilities
Sustainability

Oil and Gas Companies Begin Turning to Renewables To Power Operations

IHS Markit says the industry’s “striking pace of growth” and a dynamic commercial environment are fueling the movement to zero-carbon sources.

July 15, 2020 • Judy Feder • Journal of Petroleum Technology
Floating production systems

Petrobras To Build Brazil’s Largest Platform

In its push to boost deepwater production, Petrobras is aiming to launch a leasing tender to build an FPSO described as Brazil’s largest-ever oil platform. Decommissioning work begins in the Campos and the Sergipe-Alagoas Basins.

July 16, 2020 • Oil and Gas Facilities
Emission management

Operator Consortium Pledges Emissions Cuts as Proportion of Production

Although based on “intensity” and not “absolute” emissions, oil giants say it’s a step toward net-zero goals for 2050.

July 16, 2020 • Lynnmarie P. Flowers • Journal of Petroleum Technology
Business/economics

US Gulf Lease Sale Set for November

Lease Sale 256 was originally set for August but was moved due to COVID-19’s impact on the oil and gas markets. Bids will be accepted by mail only due to the ongoing pandemic.

July 16, 2020 • Oil and Gas Facilities
Business/economics

Financing Secured for Mozambique LNG Project

The Mozambique LNG project expects to achieve financial close in Q3.

July 16, 2020 • Oil and Gas Facilities
Onshore/Offshore Facilities

JIP33 Publishes Spec for Welding of Pressure-Containing Equipment/Piping

IOGP JIP33 specifications comprise supplemental specification, quality requirements, information requirements, and a data sheet.

July 12, 2020 • Oil and Gas Facilities
Data & Analytics

Video: Data-Driven Approach Adds Different Dimension

Morag Watson, senior vice president of digital science and engineering at BP, reveals how a data-driven approach can add a different dimension and where BP is on the digital curve.

July 9, 2020 • Data Science and Digital Engineering
LNG

LNG Transport Options Widen in North America

Larger-capacity LNG truck trailers and new regulations for transport by rail are providing more options for industrial consumers in remote locations.

July 13, 2020 • Oil and Gas Facilities
Water management

Petrofac JV Nabs $135-Million Contract for Kazakhstan Water-Treating Facilities

The North Caspian Project in Kazakhstan covers the Kashagan, Kairan, Aktoty, and Kashagan South West fields.

July 12, 2020 • Oil and Gas Facilities

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