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GE Vernova said it has been awarded a contract by National Grid’s upstate New York business to supply and construct two separate 115 kV synchronous condenser sites at the company’s […] The post GE Vernova Building Synchronous Condenser Sites to Support New York Grid appeared first on POWER Magazine.
Maya and Marnie troubleshoot air-cooled condenser performance issues at a New Mexico power plant. “Air-cooled condensers [ACCs] The post Marnie Surfaceblow: The Underperforming Air-Cooled Condenser Mystery appeared first on POWER Magazine. Bad sensor data contributes to poor decisions, making the problem more complex.
Kazakhstan doesnt have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal.
Kazakhstans combined crude oil and condensate production reached an all-time high in March, which further exceeded the countrys crude output ceiling under the OPEC+ deal. million barrels per day (bpd) of crude oil plus condensate last month, industry sources told Reuters on Tuesday. million bpd of crude and condensate in February.
XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.
million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas.
million barrels per day (bpd) of crude oil and condensate in the first half of March, industry sources told Reuters on Friday. In February, oil and condensate production averaged 2.12 As international supermajors are expanding oilfields in Kazakhstan, the non-OPEC producer part of the OPEC+ pact pumped as much as 2.16 million bpd.
CALGARY, AB, May 14, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today announced it signed a definitive agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the “Assets”) from Strathcona Resources Ltd.
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust.
. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney [Read more]
The increase comes after Kazakhstans energy ministry said earlier this month that there would be no cut to its crude and condensate levelsa cut which would be necessary According to an industry source cited by Reuters, the country pumped an average of 1.86
trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate. Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir. Its South Pars field spans 3,700 square kilometres and holds an estimated 14.2
billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050. million barrels per day (bpd), in 2023 to 540 million tons, or 10.8
We are delighted to sign QatarEnergy's first 25 year condensate sales agreement', said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy.
Alberta has reported oil, condensate, and gas; full Alberta NGL data (including pentane) and marketable gas is due out in a couple weeks. Initial production data is out for February in Alberta. BC and Saskatchewan are yet to report.
The company delivered a 20-MW steam turbine, including a generator, condenser, and other accessories, to the newly […] The post New Combined Cycle Power Plant in Thailand Features Doosan koda Power Technology appeared first on POWER Magazine. Doosan koda Power has successfully completed the Rayong project in Thailand (Figure 1).
With that in mind, OilPro now offers condensate recovery solutions that do exactly that. OilPro offers proven, practical, and cost-effective technology to reduce/ eliminate tank emissions and strip valuable condensate otherwise vented or flared. What is the purpose of a condensate recovery solution?
billion (C$15 billion) deal that will create a leading Canadian light oil and condensate producer, the companies said on Monday. Whitecap Resources and Veren have agreed to merge in a US$10.4 billion (C$15 billion), inclusive of net debt.
Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export. Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays.
Production of Opec NGLs and condensate increased to new record highs in 2024, with the gas byproducts exempt from production cuts. Gains are set to accelerate in the coming years, with Saudi production alone set to increase by 60% by 2030.
Central Asias largest oil producer will pump a daily average of 277,000 metric tons of crude and condensate in May, the same level as in April, and compared with 260,000 metric tons in March, the Astana-based Energy Ministry said by email. Kazakhstan typically pumps about 260,000 barrels a day of condensate, which is a type of a light oil.
Three McKinsey veterans condense decades of boardroom experience and cognitive science into a guide for learning proactively and leading dynamically amid the most uncertain circumstances.
The cryogenic condenser will enable boil-off gas […]. sk-Osowa, Poland. Scheduled to be operational in mid-2021, the station will refuel vehicles powered by liquified petroleum gas (LNG) and compressed natural gas (CNG).
Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. This surge will create a significant need for condensate, particularly from the Montney play in Alberta and B.C. However, this increased demand for condensate will also have implications for AECO hub gas pricing.
Continued Maintenance Investment to Drive Free Cash Flow; High-Graded Portfolio Bolsters Financial Resiliency Highlights: Generated cash from operating activities of $873 million, Non-GAAP Cash Flow of $1,004 million and Non-GAAP Free Cash Flow of $387 million after capital expenditures of $617 million First quarter oil and condensate production was (..)
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International (..)
Massive M&A news early on Monday morning, as Whitecap Resources and Veren announced that the two companies will combine in a $15 billion transaction to create a leading Canadian light oil and condensate producer. To review the M&A slide deck provided by Whitecap and Veren, click here.
The revision to the federal and state rule “removes a general requirement in the definition of ‘regulated NSR pollutant’ to include condensable PM when measuring one of the emissions-related indicators for particulate matter (PM) known as ‘particulate matter emissions’ in the context of the PSD and NSR regulations.” 51.166(b)(49). LAC 33:III.509.B.
CALGARY, AB, May 7, 2025 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months endedMarch31, 2025.
Select financial information is outlined below and should be read in conjunction with Topaz’s interim condensed consolidated financial statements (“Financial Statements”) and related [Read more]
The contract also includes pipelines for dry gas transmission to the national network and condensate and LPG pipelines, (Sources: PMO) The post Chinese Firm Wins Iraq Gas Pipeline Project first appeared on Iraq Business News. The pipelines will run from the Majnoon , West Qurna-2 , and Artawi fields to the Gas Processing Plant (GPP).
Access HTM Energy Research here. Mobile users may need to click here to see full PDF document. NOTE: The opinions expressed in this document are solely those of HTM Energy and do not reflect the views, positions, or policies of Stack Technologies Ltd. or the BOE Report. This is not investment advice. Please read all [Read more]
million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked). MMBBL condensate/NGL. Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.
The following Press Release should be read in conjunction with the managements discussion and analysis (MD&A) and the unaudited condensed consolidated financial statements and notes thereto [Read more] (the Company or STEP) (TSX: STEP) is pleased to announce its financial and operating results for the three months ended March 31, 2025.
It relates to heat engines like the one depicted below, where a boiler produces a vapor that drives a turbine, leaving spent vapor that is condensed in a condenser after which the working.
crude oil production, including lease condensate, averaging 13.59 According to its latest short term energy outlook, the EIA sees U.S. million barrels per day this year.
Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. from January to 1.83
Opec+ constraints will cap Omans crude output at 800,000 b/d even after additional voluntary cuts ease leaving Muscat reliant on gas-linked condensate output for near-term liquids gains.
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