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  • Volume 117, Issue 9

    • Volume 117, Issue 9

    Sept. 2, 2019 | The OGJ150 group of US-based oil and gas producers reported massive increases in their key financial indicators of 2018, thanks to higher commodity prices. Concho Resources Inc., ranked No. 16 by assets a year earlier, moved to No. 7 this year, with its assets doubled to $26.29 billion. The company reported a net income of $2.28 billion for 2018, up from $956 million for 2017. Photo from Concho.
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    Sept. 2, 2019
    The OGJ150 group reported a surge in earnings for 2018, thanks to higher commodity prices. Companies with a more liquids-weighted portfolio benefited most.

    More content from Volume 117, Issue 9

    Sept. 2, 2019
    Hilcorp Alaska, Anchorage, has entered into a deal to acquire the entirety of BP Alaska’s operations and interests for $5.6 billion.
    Sept. 2, 2019
    There is considerable potential to increase crude oil production from the Bakken to at least 2 million b/d from its current 1.44 million b/d, but flaring regulations and infrastructure...
    Sept. 2, 2019
    The subsea market in 2019 will experience year-on-year growth for the first time since 2014, but the positive outlook is vulnerable to any substantial decline in oil prices over...
    Photo from Honeywell UOP
    Honeywell UOP will provide technology licensing for multiple units as part of a refining-chemical integration project under way at PetroChina Guangdong Petrochemical's 400,000-b/d heavy crude oil processing and petrochemical site.
    Sept. 2, 2019
    PetroChina Guangdong Petrochemical has let a contract to Honeywell UOP to provide technology licensing for multiple units as part of a refining-chemical integration project under...
    Sept. 2, 2019
    China’s gas production is expected to double from 149 billion cu m (bcm) in 2018 to 325 bcm in 2040, according to a recent research of Wood Mackenzie. This is, however, 39 bcm...
    Sept. 2, 2019
    The 50-50 JV of Strike Energy and Warrego Energy Ltd. has confirmed another large natural gas discovery in its multireservoir West Erregulla-2 appraisal well in the onshore North...
    Sept. 2, 2019
    An international joint venture led by Oilex has made a counterclaim to the ICC in regarding arbitration proceedings brought against it in October 2018 by ANPM regarding relinquishment...
    Sept. 2, 2019
    Adding to its international exploration program, Qatar Petroleum signed an agreement with Total SA to acquire interests in two blocks offshore Namibia.
    Custom-designed 3D spools linked seabed components of Zohr gas field’s transportation system (Fig. 1).
    Sept. 2, 2019
    Pipelay in the deepwater Zohr natural gas field reached 8.6 km/day for 8-in. OD pipeline and 4 km/day for 30-in. OD heavy WT sour service pipeline using S-lay. J-lay of 14-in....
    Photo from Dow Chemical
    Dow Chemicals is retrofitting its proprietary fluidized catalytic dehydrogenation technology into one of its mixed-feed crackers in Plaquemine, La., to produce on-purpose propylene.
    Sept. 2, 2019
    Dow Chemical Co. is retrofitting its proprietary fluidized catalytic dehydrogenation (FCDH) technology into one of its mixed-feed crackers in Plaquemine, La., to produce on-purpose...
    Sept. 2, 2019
    Equinor and its partners reported an oil discovery with the Sputnik exploration well drilled in the Barents Sea. Recoverable resources are preliminarily estimated at 20-65 million...
    PAO Novatek subsidiary OOO Novatek-Ust-Luga let a contract to Haldor Topsoe AS to supply proprietary technology for hydrogen production as part of a hydrocracking complex upgrade to be completed at its 120,500-b/d gas condensate fractionation and transshipment refinery at the port of Ust-Luga on the Baltic Sea in Russia. When the hydrocracking complex is completed in mid-2020, Novatek-Ust-Luga will increase production of kerosine, diesel, and naphtha due to deep conversion of atmospheric residue after distillation of stable gas condensate (OGJ Online, Dec. 6, 2018).
    Sept. 2, 2019
    During the American Fuel and Petrochemical Manufacturers Operations & Process Technology Summit, refiners addressed questions about hydroprocessing operations selected and answered...
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    Sept. 2, 2019
    For chemical companies involved in basic olefins and polyolefins markets, first-half 2019 was no dream. But the reality was not as stormy as many had expected.
    Photo from EuroChem Northwest.
    JSC EuroChem Northwest, a division of EuroChem Group, has commissioned its 2,890-tonne/day ammonia plant in Kingisepp, Russia.
    Sept. 2, 2019
    JSC EuroChem Northwest, a division of EuroChem Group, has commissioned its 2,890-tonne/day ammonia plant in Kingisepp, Russia.
    Sept. 2, 2019
    Black Bear Midstream LLC, a portfolio company of funds managed by Oaktree Capital Management LP, has entered into a 7-year gas gathering and processing agreement with an unidentified...
    Sept. 2, 2019
    The US Environmental Protection Agency announced that it is renewing its commitment to collaborate with the Interstate Oil & Gas Compact Commission on a task force that EPA and...
    Sept. 2, 2019
    The US Energy Information Administration, in its latest Short-Term Energy Outlook, forecasts Brent crude spot prices will average $64/bbl in this year’s second half and $65/bbl...
    Sept. 2, 2019
    Prominent among the many ways liberal scolds make themselves insufferable is by moralizing about others’ past infractions of retrospectively defined rules.
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    Sept. 2, 2019
    Operators are increasing exploration efforts offshore Australia and resuming onshore shale gas activities in the Northern Territory (NT) since officials lifted a 3-year moratorium...
    Sept. 2, 2019
    DuPont Microbial Control (DMC) determined for an operator in Anadarko basin’s SCOOP and STACK plays in Oklahoma that glutaraldehyde-quaternary ammonium (glut-quat) controlled ...
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    Sept. 2, 2019
    Oil inventories measured by satellite-based synthetic aperture radar can help market participants and policymakers more accurately assess how CNPC is managing the pipelines that...
    Sept. 2, 2019
    The US Environmental Protection Agency proposed a new rule on Aug. 22 that it said was intended to update and clarify substantive and procedural requirements for water-quality...