Brent hits new low as GCC mulls oil price

Brent crude oil futures fell below $10/bbl for the first time on Dec. 7, as Gulf Cooperation Council (GCC) leaders met to debate rock-bottom oil prices. Brent for January delivery bottomed out at $9.90/bbl and settled at $10.26/ bbl by the close of London trading. At that time, prompt-delivery Brent stood at $9.61/bbl.

Dec 14th, 1998
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Unite Oil and Gas Operations with Onshore/Offshore Data Replication
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Unite Oil and Gas Operations with Onshore/Offshore Data Replication

Staying on the Same Page An Enterprise software vendor committed to the offshore gas industry-like IFS-will have a standard, embedded solution that will minimize cost and risk and implement more reliably than a one-off solution.

Aug 22nd, 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
190910 Suncor Cogen Coker
Refining
Cogeneration due at Suncor oil sands plant

Suncor Energy Inc. will invest $1.4 billion to replace two coke-fired boilers with gas-fired cogeneration units in a project that will cut greenhouse-gas emissions from steam production at its Oil Sands Base Plant by 25%.

OGJ editors
Sep 10th, 2019
190909 Noble Leviathan Lift
Drilling & Production
Two main topsides lifted onto Leviathan platform

Heerema Marine Contractors’ Sleipnir semisubmersible crane vessel, said to be the world’s largest, completed a 15,300-tonne lift, installing the topsides for Noble Energy’s Leviathan development in the Mediterranean Sea.

OGJ editors
Sep 9th, 2019
190909 Equinor Dorian Terminal
General Interest
Equinor addresses hurricane-damaged terminal in Bahamas

Equinor continues the work with resources from the Bahamas, the US, and Norway to respond to the effects of Hurricane Dorian on the South Riding Point terminal on Grand Bahama Island and the oil spill at the terminal site and nearby.

OGJ editors
Sep 9th, 2019
190906 Cooper Annie Map
Discoveries
Cooper Energy-led JV makes gas discovery offshore Otway

The 50-50 joint venture of Cooper Energy Ltd., Adelaide, and Japanese entity Mitsui E&P Australia has reported a natural gas discovery with the Annie-1 wildcat in permit Vic/P44 in the Victorian section of the offshore Otway basin.

Rick Wilkinson
Sep 6th, 2019
190905 Cooper Bass Strait Map
Exploration & Development
Cooper Energy awarded Bass Strait permit

Cooper Energy Ltd., Adelaide, has been awarded an offshore exploration permit in a central part of the Victorian Gippsland basin surrounded by major producing oil and gas fields.

Rick Wilkinson
Sep 5th, 2019
190905 Cheniere Train2
LNG
Cheniere takes delivery of Corpus Christi Train 2

Cheniere Energy, Houston, reported the substantial completion of Train 2 at the Corpus Christi Liquefaction (CCL) project in Corpus Christi, Tex., was achieved Aug. 28.

OGJ editors
Sep 5th, 2019