Amid Doubts, Former OPEC Head Optimistic. While analysts have relatively lukewarm feelings about a potential production curb from OPEC members in the coming weeks, former OPEC head Chakib Khelil has a more positive stance.
Not So-Hijacked Oil Tanker Found Near Indonesia. The Manila Times reported that the MT Vier Harmony, an oil tanker carrying about 240,000 gallons (900,000 liters) of diesel, had been "hijacked due to internal problems,” on Monday, according to a tweet from Ahmad Puzi Kahar, the Malaysian Maritime Enforcement Agency chief.
US Oil Travels World Restriction Free. The 40-year ban on oil exports was lifted at the end of last year, and now U.S. crude is going all over the place, according to Bloomberg.
Hawaii Governor Reiterates Opposition to LNG. The governor of Hawaii continues to maintain that LNG does not have a future for electrical power generation in the state.
French Engineers To Help Petrobas. Petrobas is about to get some help with the installation of pipelines off the Brazilian coast and getting to hard-to-reach “pre-salt” reserves.
Saudi Arabia To Boost Output To Record Levels? Saudi Arabia said it could boost crude oil supplies in August to record levels, according to an exclusive report by Reuters.[Reuters]
BP Hits Milestone In Azeri Waters. A BP subsidiary hit a major landmark for the amount of oil pulled from waters off the coast of Azerbaijan in the Caspian Sea.
Australia LNG Export Boom Hits Snag. “The country’s third-largest energy producer, which isn’t pumping enough of its own gas to feed its Gladstone LNG plant yet, is having to buy expensive local supplies to fill the gap.” [Bloomberg]
China Aims To Lower Prices, Boost Gas Demand With New Guidelines. Chinese officials are trying to reform the country’s pipeline network to improve the fuel’s place in China’s energy consumption. [Bloomberg]
TransCanada Willing To Change Energy East Pipeline Route. Additional changes to a proposed pipeline in Canada that would carry 1.1 million barrels of crude oil from Alberta to Saint John are reportedly on the table. [CBC]
DNO ASA, the Norwegian oil and gas operator, today announced a second consecutive quarter of operating profits and the launch of an aggressive drilling campaign at the company's flagship Tawke field in the Kurdistan region of Iraq.
Following an extensive workover campaign at Tawke, five new production wells will be drilled in the second half of the year to boost capacity. Two rigs are currently active at Tawke; the Tawke-31 well, targeting the main Cretaceous reservoir, is the first production well to be drilled at the field since late 2014 and will reach target depth of 2,200 meters in September. A third rig will be added to drill an appraisal well in the fourth quarter at the previously discovered Peshkabir field.
The company's operated production in the second quarter climbed 27 percent to 122,900 barrels of oil equivalent per day. Tawke production stood at 117,000 barrels of oil per day, nearly all of which was exported at an average price of USD 34 per barrel.
Company-wide revenues reached USD 61 million, marking the fifth consecutive quarter in which revenues totaled USD 50 million or higher. DNO's operating profit in the second quarter was USD 16 million, up from USD 8 million the previous quarter.
Sparrows Group and SPIE Oil & Gas Services have strengthened their existing service portfolios by signing a global agreement to work in collaboration to support the energy sector.
The deal will see the companies work together to initially deliver their collective service offering throughout Africa before they expand the scope of their collaboration globally.
SPIE Oil & Gas Services is one of the world's leading technical services providers for the oil and gas industry; and is the general maintenance contractor for a number of offshore assets around the world.
Sparrows Group is the world's market leading specialist in the area of cranes, lifting and mechanical handling, fluid power, and cable and pipe lay. The partnership will enable Sparrows Group to aid SPIE in delivering a comprehensive world-class service.
Stewart Mitchell, chief executive officer at Sparrows Group, said: 'The synergy between our companies, which are both committed to excellence, will allow us to deliver an unrivalled technical competence in Africa. SPIE have an extensive footprint across Africa which will allow us to reach new customers who require the highest possible standards in crane operation and maintenance, lifting, mechanical handling, inspection, training, fluid power, and cable and pipe lay services.
Cooper Basin focused oil & gas exploration company, Real Energy Corporation Limited (ASX:RLE), advises that the Company is witnessing a significant increase in gas flows and frac fluids rates from the Tamarama-1 well as additional fracture stimulated zones progressively come in.
It is estimated that as at 7.00 am EST on 17 August 2016, approximately 3,500 barrels (or over 40%) of frac fluid have been recovered so far from the well. The Company expects that it is likely to take another week of clean up flow before flow testing commences.
The flow test with measurement of gas rates will immediately commence at the conclusion of the flow back period. The Company will report the flow test results to the market as soon as they become available.
Brookside Energy Limited is pleased to provide an update on progress, as it's wholly owned subsidiary BRK Oklahoma Holdings, LLC (BRK Oklahoma) continues to build a position in the core of the STACK Meramec Play (STACK Play) in Oklahoma.
BRK Oklahoma has elected to participate in its first horizontal well within its core STACK Play non-operated working interest leasehold acreage in Blaine County, Oklahoma. The Strack 1-2-11XH well, to be operated by Marathon Oil company (NYSE:MRO) (Marathon Oil) is permitted as an extended reach horizontal well with a total measured depth of 20,448 feet targeting the Meramec formation. BRK Oklahoma holds 12.5 acres in the relevant spacing unit. BRK Oklahoma's share of estimated drilling and completion costs for this well are to be funded via the previously announced Drilling Joint Venture.
A current industry type curve for a single extended reach horizontal well delivers an EUR of 1,700 Mboe (58% oil) with 380 Mboe produced in the first 12-months. This well generates a pre-tax rate of return in excess of 70% at current pricing (based on an estimated completed well cost of US$9 million).
The Strack 1-2-11XH well is being drilled in an area where permitting and pooling by operators is at unprecedented levels with in excess of 180 pooling applications and orders (a pre-curser to the spudding of an individual well) active across Brookside's area of interest in the core of the play.
来自/Natural Gas World 8月18日消息 编译/孔艳坤 石油圈原创www.oilsns.com
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Associated gas production at oil-focused US shale plays has declined in line with lower spending, providing modest support to US natural gas prices, according to Fitch Ratings.Natural gas volumes are down across a number of key liquids-rich shale basins: a review of Energy Information Administration data suggests Eagle Ford, Niobrara, Permian, and the Bakken are all lower while US dry gas production has stabilised at about 73bn ft³/d.
Improved demand from hot summer weather and additional switching from coal to gas have seen prices almost double from earlier this year when gas prices briefly dipped below (about $1.50/mn Btu).Drilling decisions in associated gas plays tend to be driven by oil/natural gas liquids (NGLs) pricing, so if oil or NGLs rebound then so would gas output and weigh on prices. Conversely, a lagged recovery in oil/NGLs pricing would tend to keep activity in the shales depressed, further reducing associated gas production and supporting gas prices, if all else is equal.Fitch said the US gas market is more reliant on improved demand fundamentals than the oil market, and may therefore take longer to see a reasonable price recovery. "Our current base case price deck for Henry Hub natural gas is $2.35/'000 ft³ in 2016, $2.75/'000 ft³ in 2017, $3.00/'000 ft³ in 2018, and $3.25/'000 ft³ in the long term.
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8月17日，挪威国家石油公司 (Statoil)表示：公司将为2020年到2030年间达标承担减排200万公吨/年的任务。公司计划在2020年前二氧化碳减排120万公吨/年。2015年10月，挪威国家石油公司和其他九家公司共同承诺应对气候变化。他们首批签署了世界银行的“2030年零空燃倡议”（the Zero Routine Flaring by 2030 initiative）。自1971年开始，挪威已经禁止使用空燃天然气。
来自/Natural Gas World 8月18日消息 编译/孔艳坤 石油圈原创www.oilsns.com
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Norway’s petroleum industry, through its Norwegian Oil and Gas Association, announced August 16 that from 2020 it will implement accumulated carbon dioxide (CO2) reduction measures equaling 2.5mn metric tons (mt) of CO2 equivalent/year by 2030.“Norway becomes the first oil country in the world to implement emission cuts beyond the ambitious claims authorities have already imposed on industry,” Karl Eirik Schjott-Pedersen, the association’s CEO said. The industry had already undertaken to implement CO2 reduction measures equivalent to 1.4mn mt/yr by 2020.
Statoil said August 17 that it will account for 2mn mt/yr of the new 2020-30 target, having already set itself a target of cutting CO2 from Norway by 1.2mn mt/yr by 2020. Statoil was among ten producer companies to make a joint commitment on climate change in October 2015, having been among the first to endorse the World Bank's Zero Routine Gas Flaring by 2030 initiative. Routine flaring has been banned in Norway since 1971.
The association said that industry has developed an action plan with specific measures to achieve this ceiling, requiring large-scale technology development, R&D, and regular status assessments. It also said that its ambition for 2050 is to "maintain its position as the most important value creator and increase the average recovery rate of at least 60%.” Officials will hope so too, as oil and gas proceeds bankroll the country's 'rainy day' fund.
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来自/Natural Gas World 8月18日消息 编译/孔艳坤 石油圈原创www.oilsns.com
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First oil has flowed from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana to the production ship, FPSO, UK-based Tullow Oil announced August 18.Tullow as operator said that first oil was achieved “on time and on budget” three years after the plan of development was approved by Ghana’s government in May 2013. It said the TEN start-up process is well advanced, and that it expects oil production to ramp-up gradually towards the FPSO’s capacity of 80,000 b/d (gross) through the rest of 2016.
Its statement however did not say whether plans to produce early gas from TEN in 1H2017 and to shut down its nearby Jubilee oil and gas field for 8-12 weeks had yet been cleared by government. Early gas from TEN would partly offset a halt in Jubilee gas supplies during the stoppage.Tullow estimates that TEN average annualised production in 2016 will be roughly 23,000 b/d gross (11,000 b/d net to Tullow).
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