News

UK Oil And Gas Sector To Create 34,000 Jobs Within Two Years

The UK oil and gas sector could create more than 34,000 new jobs within the next two years according to research from Lloyds Banking Group. However, the bank added that a skills shortage in the sector remains its biggest challenge.

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Struggling With Mobility To Improve Operational Integrity, Safety And Your Bottom Line?

Operators and service contractors in oil and gas, chemicals, and pipelines are constantly searching for new solutions to help them improve their operations, safety and environmental compliance, and of course the financial “Bottom Line.” So, why do many companies struggle with leveraging mobile technology for improving their operations?

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Shell Pipeline Holds Open Season For Houma-to-Houston Project

Shell Pipeline announced the start of a limited supplemental binding open season for additional firm capacity commitments on the Houma-to-Houston pipeline system reversal project. The limited supplemental open season will offer contract transportation rates for the route from Houston to St. James/Clovelly, LA.

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Ensuring Optimum Efficiency In Subsea Pipeline Design

As the distance of large-scale offshore tie-backs continue to extend, this presents fresh challenges in terms of pipeline design. As pipelines and flowlines are custom-designed, this provides opportunities for re-thinking during the concept, front-end and pre-feed stages of a project. This early investment in overall system design will help avoid nominal design ratings and “standard” designs – which can result in over design - a problem which is all too common.

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Natural Gas Demand, The Upcoming Knowledge And Experience Gap

The shale plays in North America with their enormous reserves of natural gas-related resources offer extensive opportunity for multiple national and industry payoffs. In addition to providing the potential gift of energy independence for years to come to our nation, the development of this vast resource has the chance to positively impact our nation’s general economy and its job creation capability.

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KM Energy Partners Lands Full Stake In El Paso Natural Gas Pipeline, Midstream Assets

Kinder Morgan Energy Partners L.P. (KMP) has completed the acquisition of 50% of El Paso Natural Gas Co. LLC (EPNG) and 50% of former El Paso Midstream assets in Utah and South Texas from Kinder Morgan Inc. The transaction is valued at $1.6 billion. KMP now owns 100% of both EPNG and the midstream assets.

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U.S. Gulf of Mexico: Transitioning Into A Bright Future

The worldwide financial crisis and subsequent recession, shale gas implications on U.S. natural gas prices and the aftermath of the Macondo incident have led to significant changes in the outlook for the U.S. Gulf of Mexico. Despite those obstacles, Quest Offshore's latest market report, Quest Deepwater Review: Gulf of Mexico, predicts a bright future for the GOM with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction.

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Statoil’s Barent Sea Development Concept

Statoil and its partners have chosen a concept for the Skrugard development in the Barents Sea that includes a floating production unit with a pipeline to shore and a terminal for oil from the Skrugard field at Veidnes outside Honningsvåg in Finnmark.
Statoil’s Øystein Michelsen, executive vice president for Development and Production Norway (DPN), said the field is scheduled to come on stream in 2018.

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Developing Countries Lead Demand For New Energy Sources

Global demand for energy continues to grow, especially in developing countries such as China and India, as the oil and gas industry continues to search for new sources of energy. Increasingly, oil and gas are found in challenging areas, such as deep water, arctic regions and politically challenged regions of the world.

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Chesapeake Energy, Sinopec Team Up For $1.02 Billion Mississippi Lime JV

Chesapeake Energy Corp. and Sinopec International Petroleum Exploration and Production Corp. have an agreement providing for Sinopec to pay $1.02 billion for a 50% undivided interest in 850,000 of Chesapeake’s net oil and natural gas leasehold acres in the Mississippi Lime play in northern Oklahoma.

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