Production Development

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  1. Speakers see challenges in formulating ‘rational’ US energy policy

    American Petroleum Institute Pres. Jack N. Gerard expressed hope that energy will provide a basis for bipartisan cooperation when the Trump administration and 115th Congress assume power in January 2017. But other speakers—representing the oil and gas, coal, nuclear, wind, and solar industries at a Nov. 18 discussion hosted by RealClear Politics and API—quickly identified areas where differences would need to be resolved. As did Laborers International Union of North American (LIUNA) Pres. Terry O’Sullivan. “We believe we should have a rational energy policy and take extremes out of the equation. We’re not having a rational conversation,” he said. “Our members would rather go down the middle of the road and promote jobs in oil and gas, coal, nuclear, wind, and solar—truly all of the above.” O’Sullivan noted that when LIUNA members hear about renewable energy, “they think it’s a downgraded job opportunity.” He said, “They prefer the oil, gas, coal, and nuclear industries where we’ve had a good working relationship for at least 60 years.” Speakers from the Solar Energy Industries Association and American Wind Energy Association countered that jobs are being created in those businesses more quickly than in the coal and nuclear power industries. O’Sullivan said that he hopes the next Congress and administration address the need to reform the project-permitting process and increase transportation systems. Expressing a belief that the Keystone XL and Dakota Access crude oil pipelines could actually move ahead, he said he was encouraged by what President-elect Donald J. Trump has said about energy and infrastructure. George Lowe, vice-president for government affairs at the American Gas Association, said that while the 2.6 million miles of US roads and bridges often get the most publicity, 2.5 million miles of natural gas pipelines also deserve attention. Gas utilities have become much more efficient, serving 40% more customers in 2016 with the same amount of gas they used in the 1970s, Lowe said. “Our systems are tight, but we’re concerned with a lot of regulations out there and expect a lot of midnight plays on them,” he said. Kevin Avery, federal government affairs manager in ConocoPhillips Co.’s Washington office, said that Trump’s election gives the US an opportunity to enact a comprehensive energy strategy in which oil and gas should play a major role. Policies should encourage production, development, and use of all forms of energy, he indicated. Clean coal solutions also should be an essential part of a new national energy strategy, suggested Michael J. Flannigan, senior vice-president for government affairs at Peabody Energy Co. He endorsed the National Enhanced Oil Recovery Initiative’s call to expand the credits under Section 45Q of the federal tax code and said that bipartisan solutions would make the best long-term energy and environmental policies possible ( OGJ Online, Nov. 8, 2016 ). “Ultimately, the very universality of oil and gas as a source of electricity, fuel, and feedstock for everyday products makes the national energy discussion more than a collection of abstract policy positions,” Gerard said. “Our goal at API is to forge a common consensus that spurs our lawmakers to pursue energy policies that drive economic growth, create well-paying jobs, lower costs for consumers, protect the environment, increase American competitiveness, and provide to all of our allies a reliable partner which uses its considerable energy resources as a way to lift people up,” Gerard said. Contact Nick Snow at nicks@pennwell.com .

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    Mon, 21 Nov 2016

  2. Russian initiative aims to develop ‘home-grown’ seismic streamer for Arctic exploration

    The Ministry of Industry and Trade of the Russian Federation, Gazprom Neft, Rosgeologia, OAO Kontsern Okeanpribor, and the JSC Marine Arctic Geological Expedition have entered into a strategic partnership agreement.

    Online Articles

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    Tue, 5 Jul 2016

  3. KJ Energy acquires interests in 329 oil & gas wells in East Texas and North Louisiana

    The properties include 329 oil and gas wells and associated facilities. The transaction closed on February 29, 2016. 

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    Wed, 9 Mar 2016

  4. Aker Solutions, Total to collaborate on subsea technology development

    Aker Solutions and Total have signed a four-year technical collaboration agreement to develop new cost-effective subsea oil and gas field technology.

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    Tue, 16 Feb 2016

  1. Hitec to merge trio of Norwegian independents

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    Thu, 21 Jan 2016

  2. SIBUR makes organizational, staff changes

    SIBUR has completed a process of organizational and staff changes, including the transfer of a number of management functions to the regional level.

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    Tue, 5 Apr 2016

  3. House LNG export measure’s sponsor cheers amendment in defense bill

    The author of a US House bill that aims to facilitate US exports of LNG applauded its adoption as an amendment to the fiscal 2017 defense appropriations bill by the Armed Services Committee on Apr. 27. “That greatly improved its chances of being enacted because the president isn’t about to veto the ...

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    Thu, 28 Apr 2016

  4. KJ Energy acquires interests in 329 wells in Texas and Louisiana

    KJ Energy LLC today has acquired oil and gas assets in East Texas and North Louisiana. The transaction closed on Feb. 29.

    Online Articles

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    Tue, 8 Mar 2016

  5. Offshore floating production development looks solid to 2015

    The future of floating production systems is solid, says Infield in its “Floating Production Systems Market Report to 2015”.

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    Tue, 2 Aug 2011

  6. Offshore floating production development looks solid to 2015

    The future of floating production systems is solid, says Infield in its “Floating Production Systems Market Report to 2015”.

    Online Articles

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    Tue, 2 Aug 2011

  7. FPSOs for Lula presalt deepwater Brazil fields in negotiations

    Petróleo Brasileiro S.A. – Petrobras is in negotiations for the contracting with consortium QGOG/SBM (Queiroz Galvão Óleo e Gás S.A./ SBM Offshore) of two FPSOs for production development at Lula Alto and Lula Central, in Lula field, Santos basin presalt.

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    Wed, 20 Mar 2013

  8. Petrobras affiliate charters FPSO for Santos Basin production

    In Brazil, Petrobras affiliate Guará BV has chartered a floating production, storage and offloading (FPSO) unit for use in production development of the pre-salt layer in the Carioca area, part of the Santos Basin's block BM-S-9.

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    Online Articles

    Wed, 30 Oct 2013

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