Asset Management
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
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Tyer Wind in Tunisia developed a wind turbine that mimics the flapping motion of hummingbirds' wings. Rated power output is 1 kW, using two carbon-fiber wings, each 5.25-ft long. At rated power, it operates at 450 rpm. The machine is currently undergoing open air/real conditions testing. -
Fossil fuels will probably be at the forefront of energy and environmental policy under the new Trump Administration, says Charles D. McConnell, executive director of Rice University’s Energy and Environment Initiative, at a talk hosted by the Norwegian Consulate General in Houston.
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The new Juniper offshore platform began its journey toward Trinidad to be installed as BP Trinidad and Tobago LLC’s 14th offshore installation. Juniper will have a production capacity of approximately 590 MMscf/D.
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Scientists have developed oxidized carbon particles that extract radioactive metals, such as cesium and strontium, from water. They said the materials may help purify contaminated waters stored after the Fukushima nuclear power plant accident and also can trap common radioactive elements found in waterfloods from oil extraction, such as uranium, thorium, and radium,
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US drilling and completion companies that were slashing workforces and cannibalizing pumping trucks for parts 6 months ago are now hiring crews and repairing equipment to meet rising demand.
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Various incidents that took place between Transocean, the owner of Deepwater Horizon, and BP, the company that leased the rig for use at Macondo, illustrate the gap between work-as-imagined in the drilling program and work-as-done by the well operations crew.
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Despite a turbulent time for most offshore sectors over the past 2 years, Douglas-Westwood’s latest analysis from the World Offshore Helicopters Market Forecast 2017–2021 projects USD 18 billion in oil- and gas-related expenditure over the next 5 years.
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In the first part of this series, the author explained why the current way of performing FEED does not allow minimization of costs by optimizing the design. In this article, he describes how the current contractual setup of the EPC also fails to minimize the costs of equipment/materials and works.
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In this column, Howard Duhon examines different types of complexity theory.
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As the debate continues about oil prices and supply and demand, the SPE Production and Facilities technical director examines data published by various organizations on the short- and long-term industry outlook.
