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  • Volume 118, Issue 5

    • Volume 118, Issue 5

    Zoetic International PLC, formerly known as Highlands Natural Resources, drills in August 2018 at its East Denver site in Lowry Bombing Range, Niobrara play. The site has eight producing wells operated by True Oil LLC. Having established the project in 2016-17, Zoetic farmed down its interest to 7.5% to focus on producing CBD oil. Photo by Gaurav Sharma, Oilholics Synonymous.

    More content from Volume 118, Issue 5

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    General Interest

    US fracturing set for biggest monthly decline in history

    May 4, 2020
    The total number of started fracturing operations will end up below 300 wells in April as the majority of public and private operators implement widespread fracturing holidays...
    General Interest

    Trans Mountain Expansion route hearings adjusted, construction continues

    May 4, 2020
    The Commission of the CER is making several procedural changes to remaining detailed route hearings for the Trans Mountain Expansion crude pipeline project.
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    General Interest

    US gas storage withdrawals lowest in four winters

    May 4, 2020
    The US 2019–20 heating season, which ran from Nov. 1, 2019, to Mar. 31, 2020, ended with the most working natural gas in storage since the 2016–17 winter, with 1.718 tcf in net...
    General Interest

    Wyoming CO2 pipeline initiative receives EIS

    May 4, 2020
    The State of Wyoming is proposing a roughly 2,000-mile pipeline network—the Wyoming Pipeline Corridor Initiative (WPCI)—reserved for use and transport of carbon dioxide (CO2),...
    General Interest

    US oil shut-in at least 300,000 b/d during May and June

    May 4, 2020
    US oil production cuts in May and June could amount to at least 300,000 b/d, an increase from about 100,000 b/d of cuts projected for April, said Rystad Energy.
    General Interest

    Husky cuts capex, production, refinery runs

    May 4, 2020
    Husky Energy has reduced capital expenditures by an additional $700 million and shut in negative cash margin production in continued efforts to counter market conditions caused...
    General Interest

    US gas: Near-term headwinds, medium-term tailwinds

    May 4, 2020
    Softer US industrial demand and weaker LNG exports in 2020 due to COVID-19 should be partially offset by less associated gas production, according to estimates from Simmons Energy...
    Photo from BPGIC.
    BPGIC’s terminal operations in Fujairah, UAE, outside the Strait of Hormuz.
    General Interest

    BPGIC lets contract for Fujairah refinery, storage expansion projects

    May 4, 2020
    Brooge Petroleum & Gas Investment Co. FZE (BPGIC) has let a contract to MUC Oil & Gas Engineering Consultancy LLC to complete technical studies for the proposed Phase 3 refinery...
    EEF Ltd. Mesaieed complex. Photo from SEEF Ltd.
    200422 Seef Ltd Mesaieed Complex 2
    General Interest

    Qatar Petroleum integrates Mesaieed refining, petrochemical operations

    May 4, 2020
    Qatar Petroleum (QP) has completed integration of subsidiary SEEF Ltd.’s linear alkyl benzene (LAB) plant and petrochemical operations into QP’s 137,000-b/d refinery in Mesaieed...
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    Exploration & Development

    Shell drills u-turn lateral well in Permian basin

    May 4, 2020
    In 2019, large azimuth (AZ) pushes while drilling a lateral in the Permian basin, West Texas, led Shell Exploration & Production to execute a 180º turn to drill the lateral back...
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    Drilling & Production

    Aker BP creates digital drilling coordination hub

    May 4, 2020
    Aker BP is implementing an open, standardized, and structured digital drilling ecosystem that exchanges plans between process areas while enforcing standardized plan structures...
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    Refining & Processing

    Brazil’s downstream divestment program offers opportunities, risks

    May 4, 2020
    The government of Brazil is progressing with a program to open the national refining sector to private capital investments by selling about half of Petrobras's installed crude...
    Photo from Equinor ASA; by Petter Andre Bøe.
    Roughly 55 km north of Sleipner installations in 110 m of water in the Norwegian North Sea, Equinor Energy-operated Gudrun field began producing in April 2014 from the Gudrun platform, which houses processing for partial stabilization of oil and gas before they are sent to the Sleipner A platform for splitting and subsequent transportation to market.
    Refining & Processing

    Equinor issues assay for North Sea Gudrun Blend

    May 4, 2020
    Based on a sample taken Feb.13, 2020, Equinor ASA on Mar. 24, 2020, issued a commercial assay of light, sweet Gudrun Blend crude (OGJ Online, Apr. 7, 2014; Sept. 28, 2011).
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    Pipelines & Transportation

    Nord Stream 2 project advanced despite weak economics

    May 4, 2020
    While it is too late to permanently halt construction of Nord Stream 2, it’s important to verify the nonfinancial reasons behind its construction. Political reasons are first....