More New Gas Plants News

TIGHT FIT PREDICTED IN LONG TERM WORLD TANKER SUPPLY/DEMAND

May 7, 1990 Overseas Shipholding Group Inc. (OSG), New York, predicts long term growth in tanker demand will outstrip newbuilding. With current orderbooks full, OSG's 1989 annual report projects delivery delays of as much as 3 years on orders for new tankers. "In this environment," it says, "trading conditions for modern, efficient tankers should improve over the next few years." Considering the large tanker surpluses of the mid-1970s, soft freight rates for very large crude carriers (VLCCs), and

OMAN TO STEP UP LEKHWAIR FIELD PRODUCTION

May 14, 1990 Petroleum Development Oman has approved a $500 million waterflood to turn Lekhwair field into one of Oman's biggest oil and gas producers. The project will boost production to a little more than 100,000 b/d by 1994 from the current 24,000 b/d for the field in Northwest Oman (see map, OGJ, May 11, 1989, p. 34). The field is linked by pipeline to the transportation system for oil from central and southern Oman but will require a new pipeline to handle gas shipments. PDO is 60% owned by the

ENVIRONMENT, IMPROVING OIL MARKET CLIMATE HIGHLIGHT 1990 OTC MEETING

May 14, 1990 Heightened concern over the environment vied with renewed market optimism to take center stage at this year's Offshore Technology Conference in Houston last week. Convincing the public that the petroleum industry wants to and can protect the offshore environment will require major commitments of funds and willpower. That was the message of representatives from industry, government, and the environmental community speaking at the first of two OTC keynote sessions. Optimism about increased

WATCHING WASHINGTON ALTERNATIVE FUELS SPOTLIGHT

May 14, 1990 with Patrick Crow Alternative transportation fuels issues seized the spotlight last week in Washington. Reps. Henry Waxman (D-Calif.) and Jerry Lewis (R-Calif.) announced a Clean Air Act amendment to require automakers to build 1 million alternative fuel vehicles-using methanol, ethanol, natural gas, or electricity-for the nation's smoggiest cities. The House is due to take up the Clean Air bill this month. At the same time, the Motor Vehicle Manufacturers Association released a survey

CHEVRON OUTLINES PAPUA NEW GUINEA PROJECT

May 14, 1990 A group led by Chevron Nuigini Pty. Ltd. has submitted plans for development of fields in Papua New Guinea's southern highlands. The Chevron group's application for a petroleum development license sets the stage for Papua New Guinea to become a crude oil exporter in the mid-1990s. Total development cost for Iagifu, Hedinia, and Agogo fields earlier was estimated at $850 million (OGJ, Feb. 19, p. 31). Plans call for production to start in third quarter 1992 and build to 90,000 b/d.

OGJ NEWSLETTER

May 14, 1990 Omega Aker Offshore Inc. is conducting a study for Marathon Oil Co. that could lead to installation of the Gulf of Mexico's first floating production, storage, and offloading (FPSO) system based on a tanker-perhaps with an onboard methanol plant. The study by the partnership of Omega Marine Group, Houston, and Aker Engineering AS, Oslo, covers tanker size, process plant preliminary design, mooring evaluation, and cost and development of a performance specification.

HYDROSTATIC TANK GAUGES ACCURATELY MEASURE MASS, VOLUME, AND LEVEL

May 14, 1990 Frank J. Berto Consulting engineer San Anselmo, Calif. Hydrostatic tank gauging (HTG) systems accurately measure the hydrostatic pressure of material in atmospheric and pressurized storage tanks, and use the results to determine the mass, liquid density, volume, and level of the material in the tank. The systems are suitable for automatic tank-gauging applications.

OZARK TO BOOST THROUGHPUT CAPACITY, SEEK OPEN ACCESS

May 14, 1990 Ozark Gas Pipeline Corp., Fort Smith, Ark., will seek approval from the Federal Energy Regulatory Commission to boost compression on its Ozark Gas Transmission System. Ozark plans to hike throughput capacity to 330 MMcfd from 170 MMcfd by installing two compressor stations totaling almost 20,000 hp on the 20 in. main line in Franklin and Pope counties, Ark. Ozark Gas, a subsidiary of Texas Oil & Gas Corp., also plans to ask FERC for authority to become an open access line.

STATE ACTIVISM HAUNTS INDUSTRY

May 14, 1990 In matters of money, petroleum, and the environment, state and federal governments act more alike all the time.

HOPEFUL SIGNS IN OPEC'S PRODUCTION CUT

May 14, 1990 The most encouraging aspect of the Organization of Petroleum Exporting Countries' decision to cut production is that the group met and took emergency action. A few weeks ago, OPEC ministers showed little concern about rising stocks and falling prices. The question now is whether a collective production cut of 1.445 million b/d will halt the price slide, at least until OPEC ministers reconvene July 25. Futures markets act doubtful. Much depends on how quickly and from what levels OPEC

MORE FIRMS START ENVIRONMENTAL INITIATIVES

May 14, 1990 The U.S. petroleum industry trend toward greater environmental awareness has gained steam with recent initiatives on plastics recycling and storage tank replacement. Sun Refining & Marketing Co. and Shell Oil Co. will begin selling motor oil in 1 qt bottles made partly with recycled plastic. In addition, Grace Specialty Chemicals Co. has completed the U.S. phase of its worldwide underground storage tank replacement program.

ANADARKO UPGRADING ALGERIAN SEISMIC DATA PROCESSING CAPABILITY

May 14, 1990 Anadarko Petroleum Corp. is upgrading Algeria's seismic interpretation capability as part of its agreement to explore highly prospective acreage in eastern Algeria. Its Anadarko Algeria Corp. unit let contract to CogiSeis Development Inc. and Geophysical Development Corp., both of Houston, to install and operate a dedicated seismic processing center in Boumerdes, about 30 miles east of Algiers. CogiSeis will install a Convex 210 computer system, and CDC will manage and operate the

INTERNATIONAL BRIEFS

May 14, 1990 MARATHON PETROLEUM IRELAND LTD. spudded the first delineation to a Celtic Sea oil and gas strike off southern Ireland. Its 48/24-3 discovery well flowed 1,600 b/d of oil and 5.4 MMcfd of gas about 16 miles south of Kinsale Head gas field. Drilled to 8,475 ft in 331 ft of water, the well was suspended pending evaluation. It was the last of five wells Marathon committed to in order to settle a long dispute over gas pricing. Marathon has an option to drill another five wells.

CALIFORNIA POWER PLANTS FIRED BY FLUID COKE

May 14, 1990 Three of five planned independent power projects using a technology that cleanly burns fluid petroleum coke have started up in the San Francisco Bay area. Process designer Combustion Power Co. (CPC), Menlo Park, Calif., said the technology holds great promise for cogeneration and independent power projects in areas with air quality problems. At the same time, widespread application of the technology could boost U.S. consumption of refinery petroleum coke, an underutilized, low cost product that

EAST GERMANY FORGING TIES WITH FOREIGN FIRMS

May 14, 1990 East Germany has started to build closer relationships with foreign oil and gas companies. In recent action: Two West German companies are involved in projects that will allow East Germany to import gas from its western neighbor. A combine of Japanese, Finnish, and West German companies is studying the feasibility of building a $1.2 billion grassroots refinery in East Germany. In the gas business, Ruhrgas AG, West Germany's biggest gas supply company, formed a joint venture with VEB

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