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  • Volume 120, Issue 11

    • Volume 120, Issue 11

    Nov. 7, 2022 | Hess-operated Tubular Bells spar sits 135 miles southeast of New Orleans in Mississippi Canyon in 4,300 ft of water. The field covers multiple blocks and is expected to recover 116.56 MMboe until the field reaches its economic limit in 2054.Tubular Bells is the first project to use a spar that was designed and built entirely in the U.S. at shipyards in Houma, La. and Ingleside, Tex. Hess holds 57.14% interest in Tubular Bells and Chevron USA Inc. holds 42.86% interest. Source: Hess Corp.

    More content from Volume 120, Issue 11

    Valero Energy Corp., San Antonio, reported net third-quarter profits of more than $2.9 billion, nearly six times its bottom line of the same period in 2021, as it more than doubled...
    Nov. 7, 2022
    The Biden administration Oct. 18 announced the last of a series of crude oil sales from the Strategic Petroleum Reserve (SPR) and a revised approach to purchasing oil to add to...
    Nov. 7, 2022
    Shell plc reported third-quarter 2022 adjusted earnings of $9.45 billion, down from second-quarter adjusted earnings of $11.47 billion, but above first-quarter 2022 adjusted earnings...
    Nov. 7, 2022
    Mountain Valley Pipeline (MVP) LLC last week filed a voluntary dismissal of eminent domain proceedings in Alamance, Guilford, and Rockingham counties, NC, regarding its 73-mile...
    Nov. 7, 2022
    US shale growth is likely to remain slow, investment bank Piper Sandler (PSC) said in its latest research note. Citing conversations with operators, PSC said the inversion of ...
    Nov. 7, 2022
    The relentless deterioration of the economy and higher prices sparked by an OPEC+ plan to cut supply are slowing world oil demand, the International Energy Agency (IEA) said in...
    Nov. 7, 2022
    Diamondback Energy Inc., Midland, Tex., has agreed to acquire all leasehold interest and related assets of FireBird Energy LLC, Fort Worth, Tex., in a cash and stock deal valued...
    Nov. 7, 2022
    ExxonMobil Corp. had third-quarter 2022 earnings of $19.7 billion, up from second-quarter earnings of $17.85 billion. Third-quarter results included net favorable identified items...
    Nov. 7, 2022
    Eni SPA has launched a feasibility study to evaluate the potential of building a new biorefinery at the operator’s existing 84,000-b/d refinery in Livorno, Tuscany, Italy. The...
    Nov. 7, 2022
    The US Supreme Court heard arguments Oct. 3 over whether the determination of Clean Water Act jurisdiction should be revised—a case that could have consequences for determining...
    Nov. 7, 2022
    Summit Midstream Holdings LLC, a subsidiary of Summit Midstream Partners LP, will expand its Denver-Julesburg basin (DJ basin) assets through acquisitions totaling $305 million...
    Nov. 7, 2022
    US petroleum demand, as measured by total domestic petroleum deliveries, was 20 million b/d in September, according to the latest monthly statistical report by the American Petroleum...
    Nov. 7, 2022
    Recent global LNG contracting activity has shown a return to traditional destination-fixed terms, while the duration and volume terms are more balanced, the International Energy...
    Nov. 7, 2022
    Photographic Services, Shell International Ltd.
    Shell-operated Appomattox platform, 80 miles offshore Louisiana at 7,400 ft water depth.
    Gulf of Mexico production is expected to surpass pre-pandemic levels and hit record highs in the coming years as operators bring pandemic-delayed projects on-line while focusing...
    Nov. 7, 2022
    Well P&A Configuration.
    Schlumberger, Helix Energy Solutions, Drilling Services of America, and TAM performed two subsea reentry abandonment operations in the GOM from a multiservice vessel which required...
    Nov. 7, 2022
    Source: Geosphere, 2016.
    GOM Continental Shelf Geothermal Gradients.
    Energy can be extracted from decommissioned wells in the US Gul fo Mexico (GOM) based on typical offshore geothermal gradients, but most wells lack required water production for...
    Nov. 7, 2022
    Photo from Petrobras (Fig. 1).
    After cancelling plans for Comperj in 2019, Petrobras renamed the partially built project Polo GasLub Itaboraí as part of its plan to reposition the site as a hub for processing and distribution of Brazil’s offshore presalt natural gas production.
    Petróleo Brasileiro SA (Petrobras) has revised its timeline for commissioning of a new natural gas processing unit (UPGN) under construction at the Polo GasLub Itaboraí hub in...
    Nov. 7, 2022
    Photo from FNPZ (Fig. 2).
    Commissioned in January 1959 and most recently outfitted with limited upgrades between 1997-2000, the 5.5-million tpy Fergana oil refinery’s crude throughputs have averaged only 1 million tpy during the last 10 years.
    Sanoat Energetika Guruhi LLC is moving forward with the second phase of a major project to modernize recently acquired subsidiary Fergana Oil Refinery LLC’s refinery in Fergana...
    Nov. 7, 2022
    221107 Ogj048 E01
    Submerged hydrostatic level measurement in liquids storage tanks is a viable replacement for guided-wave radar (GWR) in the same application and can be installed without interrupting...
    Nov. 7, 2022