The front-month crude contract ended the trading week through Aug. 3 with a 2% loss after setting record highs in earlier sessions on the New York market.
The extent of methane emissions worldwide is significant and indisputable. The economic benefits from containing such emissions are equally compelling.
The US House of Representatives passed a pair of energy bills Aug. 4 that Democrats said would greatly accelerate energy efficiency and alternative development efforts.
US gasoline production and demand broke records during this year’s first half despite higher prices and several unplanned refinery breakdowns, the American Petroleum Institute reported on July 18.
BP PLC must improve its operational performance to boost its profits, said BP Chief Executive Tony Hayward, at a press conference in London to present the company’s second-quarter results.
The July 1 opening of gas and electricity markets in Europe jumped to 12 million from 680,000 the number of French customers who can select their gas suppliers, but the Energy Regulatory Commission (CRE) foresees no massive shift to the open market.
Gas potential in the overpressured Cretaceous Pearsall shale has drawn two of the world’s largest oil and gas companies to South Texas and the Maverick basin, a province almost exclusively tended by smaller independents for the past few decades.
Petro-Canada expects the first phase of the Fort Hills oil sands project in Alberta to have a capital cost of $14.1 billion (Can.) and produce through mining 160,000 b/d of bitumen, which then the venture would upgrade to 140,000 b/d of syncrude.
Using indices to describe and compare drilling complexity and analyzing the efficiency of the energy applied to formations while drilling can improve performance.
Now that fieldbus is used in virtually all new refineries, oil and gas companies are looking beyond the older, established products and their problems to more modern fieldbus hardware solutions that promise to make installations even more reliable, productive, and efficient.
While plants continually become more complex, chemical engineers, with the advent of computers and commercial off-the-shelf simulation software, can now successfully redesign processes and control systems much faster and better than in the past.
A new method for determining the maximum shutdown time of a waxy crude oil pipeline is not only more accurate and flexible, but can also yield substantial savings in heating costs compared to the subjective methods employed before a pipeline enters service.
