News

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.

>> Read More

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.

>> Read More

Managing Corrosion Of Pipelines That Transport Crude Oils: Part 2

With the intense controversy surrounding the proposed Keystone XL Pipeline construction, unprecedented attention is being placed on the transportation of unconventional crude oil products, in this case diluted bitumen originating in the vast tar sands of Western Canada.

>> Read More

2013 Offshore Technology Conference Highlights

More than 80,000 offshore energy professionals are expected May 6-9 to attend OTC 2013 -- the world’s largest offshore conference at Houston’s Reliant Center. Some 2,400 of the world’s leading offshore service and manufacturing companies from 110+ countries will participate in the exhibition in Reliant Center, Reliant Arena and the OTC Parkway.

>> Read More

ExxonMobil Selects GBS To Develop Hebron Field Off Canada

ExxonMobil Corp. will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a Gravity-Based Structure (GBS) that will recover more than 700 MMbbls of of oil, an increase versus earlier estimates.

>> Read More

Ecosse Subsea’s Next Generation Pipelay System

Ecosse Subsea System has unveiled what it considers game-changing pipelay technology. The subsea firm says it has developed and patented a rigid pipelay system which can be deployed from smaller, more readily available vessels and which will slash schedules and installation costs for pipe-laying projects.

>> Read More

Four Deepwater Platforms Readied For Gulf Of Mexico Operations

With federal Gulf of Mexico production projected to increase in 2014, averaging 1.45 MMbpd, operators are readying four deepwater facilities for installation in the area to develop reserves in challenging areas.

>> Read More

McDermott Awarded Turnkey Contract For PEMEX Platform

A McDermott International, Inc. subsidiary has received a letter of award for a turnkey contract valued at US$A230 million for the PB-Litoral-A production platform for PEMEX Exploracion y Produccion in the Litoral Tabasco Tsimin-Xux fields.

>> Read More

Regency Energy Partners Expands Footprint In Permian Basin

Regency Energy Partners L.P. will acquire Southern Union Gathering Co. LLC, the owner of Southern Union Gas Services Ltd. (SUGS), from Southern Union Co., a jointly owned affiliate of Energy Transfer Equity L.P. and Energy Transfer Partners L.P. The $1.5 billion acquisition will significantly expand Regency’s presence the Permian Basin.

>> Read More

UGI, Tenaska Resources Sign Marcellus Shale Development Agreements

UGI Corp. has entered into agreements with Tenaska Resources LLC to jointly develop gas resources in the Marcellus Shale region in north-central Pennsylvania.

>> Read More