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  • Volume 118, Issue 4b

    • Volume 118, Issue 4b

    Apr. 20, 2020 | Aker BP ASA’s Ivar Aasen development, in the northern North Sea 170 km west of Karmøy, Norway, started production in December 2016. Ivar Aasen produces from five fields—PL 001B, 028B, 242, 338, and 547—through a stand-alone platform. Partially processed output is sent via pipeline to Edvard Grieg field for final processing and export. Photo credit: Aker BP

    More content from Volume 118, Issue 4b

    General Interest

    NGPL receives FERC permission for Gulf Coast Southbound expansion project

    April 20, 2020
    Kinder Morgan Inc.’s Natural Gas Pipeline Co. of America LLC (NGPL) received US Federal Energy Regulatory Commission permission to proceed with construction of its Gulf Coast ...
    General Interest

    Tanker rates reaching record levels

    April 20, 2020
    Oil and refined product tankers have seen a substantial increase in demand for floating storage, sending charter rates to record levels—the result of increased OPEC production...
    General Interest

    ExxonMobil reduces 2020 capex by 30%, mostly from Permian activity

    April 20, 2020
    ExxonMobil has cut its 2020 capital spending by 30% and lowered cash operating expenses by 15% in response to low commodity prices resulting from oversupply and demand weakness...
    Photo from LyondellBasell Industries NV.
    Site of LyondellBasell propylene oxide (PO) and tertiary butyl alcohol (TBA) plant in Channelview, Tex.
    General Interest

    LyondellBasell slows construction on Gulf Coast PO-TBA plant

    April 20, 2020
    LyondellBasell Industries NV is slowing construction on what it is calling the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) plant at the company’s Houston...