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  • Volume 122, Issue 7

    • Volume 122, Issue 7

    Cosmo Oil Co. Ltd. has let a contract to Chiyoda Corp. to evaluate implementation of infrastructure designed to separate and capture CO2 emissions from the operator’s 177,000-b/d refinery in Ichihara, Japan. A detailed look at changes to global oil and gas reserves and production, as well as refinery upgrades, begins on p. 12 as part of OGJ’s annual Worldwide Report. Photo from Cosmo Energy Holdings Co. Ltd.

    More content from Volume 122, Issue 7

    General Interest

    WoodMac: Guyana, Suriname could provide 12 million tpy of LNG in 2030s

    Dec. 10, 2024
    Guyana's Haimara cluster and Suriname's Block 52 are estimated by Wood Mackenzie to hold 13 tcf of discovered non-associated gas. Guyana and Suriname could supply up to 12 million...
    General Interest

    Diamondback sticks to production target in market that ‘remains volatile at best’

    Dec. 10, 2024
    Diamondback Energy Inc., Midland, is sticking with its early year production forecast now that it has completed the $26 billion purchase of Endeavor Energy Resources. The operator...
    General Interest

    IEA: Non-OPEC+ production growth bolstered by new offshore capacity

    Dec. 10, 2024
    Offshore conventional projects are projected to contribute nearly 700,000 b/d to the anticipated 1.5 million b/d rise in non-OPEC+ production in 2025, according to forecasts from...
    General Interest

    Targa advances expansion plans for Permian basin gas processing

    Dec. 10, 2024
    TotalEnergies, through Total Austral, started production from Fenix gas field offshore Argentina, 2 years after the operator made the final investment decision. The development...
    General Interest

    Var Energy takes FID to develop North Sea Balder V project

    Dec. 10, 2024
    Vår Energi and partner Kistos Energy have taken final investment decision (FID) to develop Balder Phase V in the Norwegian North Sea. The fast-track project is expected ...
    Reserves

    OGJ survey shows global oil reserves increase while natural gas reserves decline

    Dec. 10, 2024
    By end-2024, global proven oil reserves were estimated at 1,765.2 billion bbl, up slightly from the previous year's 1,761.1 billion bbl, according to the Oil & Gas Journal's annual...
    Photo from PRL.
    Petroineos Manufacturing Scotland Ltd.’s Grangemouth refinery complex on the Firth of Forth in Scotland. (Fig. 1).
    Refining & Processing

    Refiners increase divestments, closures as part of net-zero strategy

    Dec. 10, 2024
    While most global refiners in 2024 maintained and even expanded investments in new projects aimed at preparing their portfolios for a low-carbon future in line with the global...
    © Endeavor Business Media
    Trimulfrac Equipment Layout (Fig. 1).
    Drilling & Production

    Trimulfracs increase Permian completion efficiency

    Dec. 10, 2024
    Trimulfracs are an extension of simultaneous fracturing treatments to maximize capital efficiency.
    Drilling & Production

    New satellite algorithm detects methane emissions

    Dec. 10, 2024
    Methane leaks result in significant economic losses and liability. The paucity of accurate emission data hinders correction of leaking sites and emission sources.
    © Endeavor Business Media
    Natural Gas Pipeline Performance (Fig. 1).
    Pipelines

    Cheaper labor helps reduce pipeline construction costs

    Oct. 10, 2024
    Sharply lower costs in all categories but material—which was roughly flat—decreased the price of building land pipelines by nearly $3 million/mile.