Campaign principles

Barely noticed in a boisterous presidential campaign, US energy policy finds itself caught in a cross-fire of negativism. Both major-party candidates bear high disapproval ratings; the election is over which is disliked the least.

Oct 31st, 2016
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190917 Equinor Utgard
Production Operations
Equinor brings Utgard gas, condensate field on stream

Utgard gas and condensate field, spanning the Norwegian-UK border in the North Sea, came on stream Sept. 16, reported Equinor Energy AS, the operator. The company estimates Utgard’s resources at 40 million boe.

OGJ editors
Sep 17th, 2019
190916 Rystad Saudis Stocks Graph
Economics & Markets
Rystad: Oil price spike likely short-lived after Saudi drone attack

The drone attack on the world’s largest oil processing facility, Abqaiq in the heart of Saudi Arabia’s oil industry, forced Saudi Aramco to shut in 5.7 million b/d of crude production, or roughly 7% of the current global crude and condensate production.

OGJ editors
Sep 16th, 2019
190913 Pkn Orlen Plock Refinery
Refining
PKN Orlen lets contract for Plock refinery

PKN Orlen let a contract to Honeywell UOP to provide process technology designed to increase production of ethylene and aromatics and improve flexibility of gasoline production at its 327,300-b/d integrated refining complex in Plock, Poland.

Robert Brelsford
Sep 13th, 2019
Etame platform
Drilling & Production
Vaalco well to appraise deeper Etame zone

Vaalco Energy Inc., Houston, has started a drilling program in Etame oil field offshore Gabon that will include appraisal of a reservoir below existing production.

OGJ editors
Sep 13th, 2019
190913 Gazprom Neft Omsk Delayed Coking
Refining
Gazprom Neft advances Omsk refinery delayed coking project

PJSC Gazprom Neft has completed installation of the main section for its project to expand delayed coking capacity at its 430,000-b/d Omsk refinery in Western Siberia as part of the operator’s second phase of its ongoing modernization program.

Robert Brelsford
Sep 13th, 2019
190912 Rystad Production Chart
Drilling Operations
Rystad: US shale production to reach 14.5 million b/d by 2030

US shale production will peak at 14.5 million b/d around 2030, Rystad Energy forecast, saying US light, tight oil (LTO) represented less than 1% of world oil supply 9 years ago but represents close to 10% of total world oil supply in 2019.

OGJ editors
Sep 12th, 2019
190912 Equinor Tordis Vigdis
Production Operations
Tordis, Vigdis facilities to operate 34 years beyond previous consents

Equinor has been granted consent by the Norwegian Petroleum Directorate to use the facilities on Tordis and Vigdis fields in the North Sea beyond their respective December 2019 and March 2024 consents.

OGJ editors
Sep 12th, 2019
190912 Equinor Bahamas Spill
HSE
Equinor progresses with oil spill recovery in the Bahamas

Equinor is progressing with oil spill recovery at the South Riding Point terminal in the Bahamas after the impact of Hurricane Dorian. An onshore team has started to recover oil and move it into tank storage.

OGJ editors
Sep 12th, 2019
190911 Wgc Equus Schematic
Drilling & Production
Western Gas aiming for 2024 for start of Equus gas production

Western Gas Corp. reported that its Equus gas project offshore Western Australia is on track for coming on stream in 2024. The estimate follows completion of an “upstream-to-LNG development plan” and the commencement of project financing and partnering.

Rick Wilkinson
Sep 11th, 2019
190910 Eia Steo Chart
Economics & Markets
EIA continues to lower oil price, demand growth forecasts

In its September Short-Term Energy Outlook, the US Energy Information Administration reduced its 2019 Brent crude oil price forecast to $63/bbl, which is $2/bbl lower than in its August STEO.

OGJ editors
Sep 10th, 2019