More Oil & Gas Pipeline News

CAPITAL OUTLAYS FOR GASOLINE REFORMULATION CAN BE MINIMIZED

Sep 3, 1990 Robert H. Gilman Akzo Chemicals Inc. Houston To reduce the financial impact of impending gasoline and diesel regulations, it will be necessary to reevaluate refinery unit operations in conjunction with innovative catalyst and process technology. The challenge will be to comply with these regulations without excessive retail gasoline prices.

OGJ NEWSLETTER

Sep 10, 1990 Analysts are dusting off their crystal balls to devise a range of oil price scenarios for the Middle East crisis as the standoff between Iraq and the rest of the world continues. In Shearson Lehman's view, all scenarios lead to one result: There is little chance of a return to second quarter low oil prices and a greater chance of a $24/bbl floor for WTI in 1991. Prudential Bache, however, puts spot WTI at $21.10/bbl for 1990 and $22.25/bbl for 1991, reflecting gradual settlement of the

GAS USE FUELS E. HEMISPHERE LINE PROJECTS

Sep 10, 1990 Growing demand for gas will fuel much of the pipeline construction in the Eastern Hemisphere in the 1990s. Operators plan to lay 1,986 miles of gas line in that region during 1990, compared with 1,715 miles planned in 1989, Oil & Gas Journal's latest pipeline construction survey shows (OGJ, Feb. 5, p. 19). The survey covers only pipeline work outside the former Communist bloc. For 1990 and beyond, operators plan to lay 8,574 miles of gas line in the Eastern Hemisphere vs. 8,429 planned for

PETROBRAS SEEKS TO BOOST BRAZILIAN E&D DUE TO MIDEAST CRISIS

Sep 10, 1990 Brazil's state owned Petroleos Brasileiro SA has asked Brazil's new government to shift gears on oil policy in the wake of the Middle East crisis. Petrobras recently submitted to the government an ambitious, 5 year, $16.9 billion plan to boost Brazilian crude oil production to 1 million b/d by 1995 from the current 660,000 b/d. That would put the developing nation at a little more than 71% self-sufficiency, with oil demand projected at 1.4 million b/d by 1995.

U.S. BRIEFS

Sep 10, 1990 NYCAL CORP., Washington, D.C., agreed to buy about 76% of the stock in Woodbine Petroleum Inc., Dallas, as well as oil and gas leases from Claremont Petroleum (USA) Pty. Ltd. and Moage Inc. for $5 million. Nycal will pay $3.5 million in cash and assume $1.5 million of bank debt. Closing is scheduled Oct. 1.

INTERNATIONAL BRIEFS

Sep 17, 1990 SOUTH KOREA agreed to buy another 2 million tons/year of liquefied natural gas from Indonesia under a 20 year contract, with deliveries to begin in 1994. South Korea's earlier contract called for purchases of 2 million tons/year of LNG from Pertamina. Seoul also agreed to buy 50,000 b/d of Indonesian oil from Pertamina under a long term contract when Indonesia increases production in November.

DESPITE OUTPUT PUSH, U.S, PROBABLY CANNOT AVOID OIL PRODUCTION DECLINE IN 1991

Sep 17, 1990 The U.S. probably is helpless to prevent another domestic oil production decline in 1991 despite the recent oil price runup and looming supply crisis. That will be the case even if oil prices remain at current levels and there is an all out effort to boost production in key producing states. The main reason is that an industry decimated by the ravages of the 1986 oil price collapse cannot muster the capital, equipment, and personnel within 6 months or 1 year to make a significant difference in

U.S. BRIEFS

Sep 17, 1990 AMERICAN EXPLORATION CO., Houston, agreed to acquire Hershey Oil Corp., Pasadena, Calif., for cash and stock. American Exploration will pay cash for up to 17.257% of Hershey and exchange 1.611 shares of its stock for each remaining share of Hershey stock. AMOCO OIL CO. will provide storage space for Great Lakes spill response materials at its product terminals in Bay City, Cheboygan, Escanaba, and Muskegon, Mich. The Spill Control Association of America will keep containment booms at the four

NGPL FAULTED FOR ACCIDENT OFF PORT ARTHUR

Sep 17, 1990 The National Transportation Safety Board has blamed Natural Gas Pipeline Co. of America (NGPL) for an accident that killed 11 crew members of the Northumberland fishing boat off Port Arthur, Tex., last Oct. 3. The Northumberland was 1/2 mile offshore, west of the entrance to Sabine Pass in 911 ft of water, when it struck and ruptured NGPL's 16 in. line from four platforms. The boat was destroyed. Three other crew members were injured (OGJ, Dec. 11, 1989, p. 32).

TESTS VALIDATE FIBER GLASS CEMENT TO PROTECT SUBSEA FBE COATING

Sep 17, 1990 C. Traulsen, N. J. R. Nielsen, T. S. Nielsen Maersk Oil & Gas AS Copenhagen Rock-shield coating on subsea pipelines is a viable alternative to concrete coating when protection against rock dumping is required. Tests and installation experience of Maersk Oil & Gas AS, Copenhagen, indicated this use, provided that special attention is paid to the priming process, cleanliness of the coating applicator, handling of the line pipe, and selection of a suitable plow for trenching.

OGJ NEWSLETTER

Sep 17, 1990 Has $30/bbl become the new psychological floor price for oil during the Middle East crisis? Oil companies are telling markets there are no real short term supply problems, but that is having little effect on prices, driven by fears of military conflict in the Persian Gulf. Nymex crude futures for October delivery last week re- turned to levels above $30/bbl, rebounding from about $26/bbl seen after most OPEC producers agreed to boost oil output last month. By late last week, Brent for October

SUPERTANKER OIL PORT OFF TEXAS UNDER STUDY

Sep 17, 1990 A group led by Phillips Petroleum Co. will begin the second phase of a feasibility study for a supertanker oil terminal off Texas. Eighteen oil and oil related companies took part in the first phase of the study that began earlier this year. The study could lead to construction of a project designated Texport about 27 miles off Freeport in 110 ft of water. The facility, which could cost $600 million to $1.3 billion, would be designed to handle 1-2 million b/d. The country's only

FERC JUDGE APPROVES IROQUOIS LINE PROJECT

Sep 17, 1990 A Federal Energy Regulatory Commission administrative law judge has upheld the need for the Iroquois Gas Transmission System over the objections of U.S. independent producers. Walter Alprin upheld the Iroquois project on all points, saying it is needed, has reasonable growth rate projections and capital and rate structures, and will not displace U.S. gas supplies. The line is scheduled to ship western Canadian gas into the U.S. Northeast. TransCanada PipeLines Ltd. is the major owner with a

EL PASO SEEKS FASTER PERMIT FOR EXPANSION

Sep 24, 1990 El Paso Natural Gas Co. has refiled plans for a $241.5 million system expansion program with the Federal Energy Regulatory Commission. It cited increasing gas supplies-mainly coalbed methane-in the San Juan basin of New Mexico and Colorado as a major factor in its 835 MMcfd expansion effort. That volume of gas can back out as much as 138,000 b/d of imported oil, the company pointed out. Planned for start-up in the spring of 1992, the expansion will permit El Paso to step up deliveries to

INTERNATIONAL BRIEFS

Sep 24, 1990 ISRAEL granted the Negev Venture 2 an additional permit for exploration on the 1.030 million acre Negev Yam North permit area off Israel in the Mediterranean Sea. The acreage stretches 73 miles from Ashdod to Haifa. Isramco Inc., New York, a participant, said the venture plans a three well, $40 million drilling program to test the Jurassic pay found by its 2 Yam well. Two wells will be drilled offshore and one onshore to test Jurassic and Permian on the coastal plain.

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