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  • Volume 121, Issue 7

    • Volume 121, Issue 7

    July 3, 2023 | Shell LNG Gibraltar Ltd. completed its LNG terminal in November 2018. It has five storage tanks with a total capacity of 5,000 cu m and a jetty for small LNG carriers. The company is a joint venture between Shell (with a 51% stake) and the government of Gibraltar, set up as part of an effort to replace diesel with natural gas for power generation. Photo from Shell.
    General Interest

    OGJ Newsletter

    July 3, 2023
    A roundup of General Interest, Exploration & Development, Drilling & Production, Processing, and Transportation news from around the industry.
    General Interest

    Journally Speaking: Energizing adaptation

    July 3, 2023
    Back in 2019, before COVID-19 and the shift from in-person to virtual industry gatherings, this editor used the current forum to pen something of a love letter to what—at the ...
    General Interest

    Editorial: One interest above another

    July 3, 2023
    US Secretary of the Interior Deb Haaland last month took action described as intended to protect the area surrounding Chaco Culture National Historical Park in New Mexico from...
    General Interest

    Court gives Enbridge 3 years to reroute part of Line 5 pipeline in Wisconsin

    July 3, 2023
    A federal judge in Wisconsin has given Enbridge Inc. 3 years to reroute its Line 5 oil pipeline off an Indian tribe’s territory or shut it down while expressing his doubt that...
    General Interest

    Global LNG trade increased 5% in 2022

    July 3, 2023
    In 2022, global trade in LNG increased by 2.6 bcfd (19 million tonnes/year (tpy)), or 5% compared with 2021, to average 51.7 bcfd, according to data from CEDIGAZ as published ...

    More content from Volume 121, Issue 7

    General Interest

    SM Energy hikes 2023 production guidance on South Texas gains

    July 3, 2023
    Thanks to higher production in South Texas, two acquisitions and an easing in cost pressures, the leaders of SM Energy Co. have raised their output forecast for 2023 by 1 MMboe...
    General Interest

    Satorp lets EPC contracts for integrated Amiral petrochemical complex

    July 3, 2023
    Saudi Aramco and TotalEnergies SE have let contracts for construction of a proposed grassroots petrochemical complex to be integrated into joint venture Saudi Aramco Total Refinery...
    General Interest

    Civitas enters Permian basin in deals worth $4.7 billion

    July 3, 2023
    Civitas Resources Inc., Denver, agreed to acquire oil producing assets in the Midland and Delaware basins of west Texas and New Mexico. Two separate agreements were signed with...
    General Interest

    Transgaz awards pipeline contract as OMV Petrom reaches Neptun Deep FID

    July 3, 2023
    Romanian-state Transgaz SA has awarded a construction contract for the 188-mile Tuzla-Podisor pipeline to Turkey-based Kalyon Insaat Sanayi Ve Ticaret AS. The 1.45-bcfd pipeline...
    General Interest

    IEA continues to increase oil demand forecasts for 2023

    July 3, 2023
    In the June edition of its Oil Market Report, the International Energy Agency (IEA) revised its global oil demand forecast upward from the previously predicted growth of 2.2 million...
    General Interest

    Woodside awards Julimar Phase 3 subsea EPCI to TechnipFMC

    July 3, 2023
    Woodside Energy Julimar Pty. Ltd. has awarded TechnipFMC a contract to engineer, procure, construct, and install (EPCI) flexible pipes and umbilicals for its Julimar Phase 3 development...
    General Interest

    Texas operator lets contract for proposed Cushing decarbonized refinery

    July 3, 2023
    Prairie Energy Partners LLC, a subsidiary of Southern Rock Energy Partners LLC, El Campo, Tex., let a contract to KBR Inc. to undertake a feasibility study for a proposed full...
    General Interest

    API: US petroleum demand fell year-over-year for 6 consecutive months by May

    July 3, 2023
    US petroleum demand, as measured by total domestic petroleum deliveries, rose 65,000 b/d month-on-month (m/m) to 19.9 million b/d, according to the latest monthly statistical ...
    General Interest

    Tower Resources completes basin study in Namibia

    July 3, 2023
    Tower Resources PLC completed a basin modeling of license PEL 96 in Namibia, covering offshore blocks 1910A, 1911, and 1912B, to identify prospects and leads in the license. The...
    World Oil Market at a Glance.
    Economics & Markets

    Oil market tightens amid continued OPEC+ production cuts

    July 3, 2023
    Despite the prevailing macroeconomic headwinds, global oil demand is set to rise by 2.4 million b/d in 2023, with China and India leading the increase. China’s rebound continues...
    Core-, Log-Derived Permeabilities.
    Drilling & Production

    Log-derived permeability describes reservoir heterogeneity

    July 3, 2023
    Log-derived permeabilities provide reliable estimates of reservoir Dykstra-Parsons Variance (DPV) when laboratory-measured core permeabilities are not available.
    Mississippi Canyon 807 GIS Visualization.
    Drilling & Production

    Neural network locates salt accumulations

    July 3, 2023
    A 3D geographic information system (3D GIS) directly loads and analyzes 3D seismic data for visualizing reservoir structure, pressure, depositional and paleo surfaces, wells, ...
    Photo from the Government of Nigeria.
    Dangote Group subsidiary DORC formally began operations at its 650,000-b/d integrated refining and petrochemical complex in Ibeju-Lekki, Lagos, Nigeria, in late May 2023. (Fig. 1).
    Refining & Processing

    Dangote commissions integrated refining complex in Nigeria

    July 3, 2023
    Dangote Oil Refining Co. has formally commissioned its long-planned grassroots integrated refining and petrochemical complex in southwestern Nigeria’s Lekki Free Trade Zone, in...
    Russian Crude Exports by Region.
    Refining & Processing

    Factors affecting near-term margins offer opportunities for refiners

    July 3, 2023
    During the past 2 years, a series of unprecedented events disrupted demand and supply patterns, leading to an extremely tight global oil market and record-high refining margins...
    Pipe Repair.
    Pipelines & Transportation

    Pipeline repairs require fewer layers using aramid fibers

    July 3, 2023
    Mourad BettayebNoureddine AbdelbakiMohamed GacebUniversité M’Hamed Bougara de BoumerdesBourmerdes, AlgeriaFirst-order reliability methods (FORM) of structural reliability assessment...