News
Wood Mackenzie Forecasts Rise In Deepwater Markets
Drilling activity and spending will significantly increase in global deepwater markets over the next decade, according to a study from Wood Mackenzie. The <em>Future of Global Deepwater Markets</em> study indicates well spend is expected to rise from US$43 billion in 2012 to US$114 billion in 2022, challenging the industry to keep up with this unprecedented growth.
P&GJs Midyear International Pipeline Report
<em>P&GJ</em>’s 2013 international pipeline survey indicates 77,318 miles of pipelines are in various stages of construction and planned. Of these, 33,205 represent projects in the planning and engineering phase and 44,113 are in various stages of construction.
NASA Teams With Consultancy, Targeting Potential Disasters In Oil And Gas Industry
Citing the harsh conditions, complex systems and potentially catastrophic consequences of missteps within the modern oil and gas industry, the National Aeronautic and Space Administration has entered into a contract with Deloitte LLP to offer consulting services through Deloitte to the oil and gas industry, focusing on safety and risk mitigation efforts for “black swan” events, incidents of “low probability and high consequence.”
Utility Workers Fast Reaching Retirement Age Now What?
The Midwest Energy Association (MEA) Utility Leadership Academy hosted webinars on talent management and workforce planning earlier this year highlighted by some stunning statistics from Energy Workforce Development on retiring energy workers. The data showed the average utility work is older than 48 – and nearly half are age-eligible for retirement within the next five years.
Willbros Recruiting Efforts Bring in Top Talent
As baby boomers begin to make their exodus into retirement, many companies have found themselves seeking top talent in a competitive market. But, what kind of engineers are in demand and what are companies doing to win and retain top talent in this environment?
Americas Newfound Power: What U.S. Should Do To Capitalize On Shale, Renewable Energy Revolutions
It was hard not to do a double take when the story broke last November: By 2017, the headlines read, the United States would overtake Saudi Arabia as the world’s largest oil producer. And by 2025, the U.S. could be exporting more oil and gas than it imports.
Exxon Outlook To 2040 Predicts Little Impact For Renewables, Cost On Carbon To Benefit Natural Gas
ExxonMobil’s report “The Outlook for Energy: A View to 2040,” released at a press conference with executives last spring, predicts world energy demand rising by 35% over the next 30 years, mostly due to increasing demand in Asia and population growth worldwide.
New Methodologies, Technologies Help Protect Pipelines
Good practice in reducing risks to pipeline integrity, and taking quick and effective action when potential threats develop, have long been part of sound pipeline operation. However, new technology trends, including social media, are amplifying public concern around how pipeline operators manage environmental, social and economic impacts.
Australia Facing Hiatus In LNG Development
At APPEA 2013, Wood Mackenzie's head of Australia Upstream Consulting, Andrew McManus, warned Australia faces a hiatus in LNG projects as the focus of buyers has turned to the U.S., where he said customers can find potentially lower-cost, more flexible LNG and the opportunity to diversify supply portfolios.
NAPCA Convention Discusses Economy, Safety; Inducts Two Into Hall Of Fame
The 49th annual NAPCA convention met in Indian Wells, CA from April 24-27, featuring the highest attendance level since 2008 and honoring an unprecedented two new entrants into its Hall of Fame.
California Dreaming? Could The Monterey Be Road To Oil Future?
“I think there is lots of opportunity. It is whether or not the economics can line up with the technology to get it out of the ground.” <em>– oil executive in Bakersfield</em> Between federal numbers crunchers, and a university and think tank-based report that surfaced earlier this year, California’s venerable Monterey Shale is stirring renewed dreams of California gold – black gold in the form of heavy crude.
Editor's Notebook: Once A Pipeliner, Always A Pipeliner
I love to tell stories that combine two of my passions: baseball and pipelines. I happened to turn on a Phillies game against Milwaukee just as the Brewers were honoring Johnny Logan, the standout shortstop on the 1957 World Series champion Milwaukee Braves. I had an abiding interest in Mr. Logan because he was a native of Endicott, NY where I was a reporter for several years.
Savage To Offer Crude Rail Transloading Services At Utah Terminals
Savage announced the expanded service offerings at its terminals in Price and Salt Lake City, UT to include crude by rail transloading services and associated car storage, on a manifest basis. These terminals will provide Uinta Basin crude, bound for key refinery markets, with access to rail transportation.
Michels Blazes Trail In Inclusion Of Diverse Businesses Among Suppliers
Michels Corporation has further bolstered its already sterling reputation for both technical and personnel innovation over the past five decades with its ongoing development of a broad and diverse network of suppliers and subcontractors, which began in 2005.
Editor's Notebook: No Winners
API’s annual liquids pipeline conference last month in sunny San Diego was instead a scene of uneasiness for many of those in attendance. Chided by federal regulators for a recent uptick in pipeline incidents, the conference really culminated with the terse announcement that there were no winners among large operators for API’s prestigious Pipeline Distinguished Safety and Environmental Performance Award.
North America: An Energy Rocket Ship If Mexico Gets Aboard
A panel discussion was recently waged by a Canadian, an American and a Mexican talking about North America’s energy future as the new Middle East for the rest of the world. Hyperbole was cheap, but chances of the provocative scenario becoming a reality ride squarely on the shoulders of Mexico. And everyone was OK with this.
Investment and Production Reach New Highs In Eagle Ford, Pipelines Lag Behind
The Eagle Ford Shale, stretching from the mid-south of Texas just shy of Corpus Christi north nearly to San Antonio and west to the Mexican border, continues to attract massive investments from energy companies. It’s not hard to see why. The play contains economically recoverable light crude oil and natural gas liquids in high proportion to currently low-priced gas.
Automation Software Finds A Home In Pipelines
It isn’t hard to find companies that traditionally would not be involved in pipelines taking an active role in the industry. When an executive who is arms-deep in software technologies finds a special liking for the energy business, and is located about as far away from pipelines as one can be in the United States, he, too, must be a special individual.
World FLNG Market Forecast 2013-2019
Increasing gas demand, coupled with the requirement for short- to medium-term import solutions, has seen the floating regasification sector experience rapid growth in recent years. The industry has grown from the Gulf Gateway unit (2005-2012) to ten operational vessels in 2012. Similarly, the floating liquefaction market is gaining traction with the first base load FLNG liquefaction terminal due onstream in 2016.
Stephen Ewing Always Welcomed Challenges
As a fitting testament to Stephen Ewing’s contributions to the energy industry, he was honored by the American Gas Association as its 2012 Distinguished Service Award recipient. At that Boston conference then-AGA Chairman Lawrence Borgard called him “a leader and champion of the natural gas industry.”
Natural Gas Demand, The Upcoming Knowledge And Experience Gap
The shale plays in North America with their enormous reserves of natural gas-related resources offer extensive opportunity for multiple national and industry payoffs. In addition to providing the potential gift of energy independence for years to come to our nation, the development of this vast resource has the chance to positively impact our nation’s general economy and its job creation capability.
U.S. Gulf of Mexico: Transitioning Into A Bright Future
The worldwide financial crisis and subsequent recession, shale gas implications on U.S. natural gas prices and the aftermath of the Macondo incident have led to significant changes in the outlook for the U.S. Gulf of Mexico. Despite those obstacles, Quest Offshore's latest market report, Quest Deepwater Review: Gulf of Mexico, predicts a bright future for the GOM with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction.
Developing Countries Lead Demand For New Energy Sources
Global demand for energy continues to grow, especially in developing countries such as China and India, as the oil and gas industry continues to search for new sources of energy. Increasingly, oil and gas are found in challenging areas, such as deep water, arctic regions and politically challenged regions of the world.
Not If But When: CERAWeek On Cybersecurity
Oil and gas companies need to change their perspective on cybersecurity initiatives from one of incident-based response to a holistic approach more analogous to counterintelligence to prevent espionage, said experts attending IHS CERAWeek 2013, March 4-8. A two-part strategy to decrease exposure and mitigate possible consequences was recommended for a realm where the consensus was that some degree of infiltration is nearly inevitable.
KMP To Acquire Copano For $5 Billion
Kinder Morgan Energy Partners, L.P. is buying Copano Energy, L.L.C. for $5 billion. Copano, a midstream natural gas company with operations primarily in Texas, Oklahoma and Wyoming, provides services to natural gas producers, including natural gas gathering, processing, treating and natural gas liquids fractionation.
New Gas May Mean Pipeline Plans In Ukraine
Shell will extract unconventional gas in Ukraine in what will be its first big project with a large multinational company in the oil and gas sector with Chevron likely to follow suit.
Cameron, CNPC Form Pipeline Ball Valve JV
Cameron has an agreement with CNPC to establish a joint venture for the manufacture of pipeline ball valves mainly for use by CNPC to support its plans to build pipeline across China in the coming decade.
Japanese Utilities Boost LNG Use 15%; Oil 70-80%
LNG connsumption by Japan's 10 regional power utilities rose 15% last year as almost all the country's nuclear plants stayed shut. Power companies used an average 7.55 Bcf/d in 2012, up from 6.55 Bcf/d in 2011. LNG consumption increased by 20% in 2011.
Natural Gas Production Growth To Continue In 2013, 2014
Natural gas production levels in 2012 will establish a new record for the third straight year. Year-over-year production growth has slowed from 2010 and 2011 levels, but it has not reversed. Production growth is forecast to continue into 2013. Additional production growth also is expected in 2014.
Is The Natural Gas Boom A Jobs Creating Engine?
When Nick Stavropoulos, executive vice president in charge of natural gas operations at San Francisco-based Pacific Gas and Electric Co. (PG&E) looks back on his 33 years in the industry that have spanned the country, he remembers all the oil burned in homes and businesses throughout the Northeast where he grew up.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- Four Petroleum Liquids Pipelines Completed in U.S. Since 2023
- Lighter U.S. Permian Crude Risks Losing Favor with Refiners Due to Processing Challenges
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
