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Engineers at MIT have developed a new approach to crudeoil fractionating that could slash the amount of energy needed for processing the crude into different fuels by as much as 90% in a breakthrough that could revolutionize fuel production.
Engine Capital owns 2.5 In a letter to Parkland’s board of directors, Engine’s leadership argues the Sunoco deal was rushed, the price is too low and that there are likely better options available. (BOE Report) – CALGARY – A major shareholder in fuel refiner and retailer Parkland Corp. heavyweight Sunoco LP.
Everything from the enormous refineries that process crudeoil to the vast pipelines that run beneath oceans is built on steel and aluminum. In this high-stakes environment, corrosion engineers are the unsung heroes [.] The post Corrosion Engineer: Protecting Assets from Corrosion Damage appeared first on PetroSync Blog.
With 25 years of experience in North American oil and gas, Ron has also gained international expertise through work in Asia, Russia, and the Middle East. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Ron holds a B.Sc. from 2018-2024.
WindSafe was engineered from the ground up using our oil and gas expertise and shaped in close collaboration with wind industry stakeholders. “This collaboration marks a defining moment, not only for Fennex, but for how the offshore wind sector approaches safety in the digital era,” said Nassima Brown, Director at Fennex.
The Hacksaw CrudeOil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Pipeline Connectivity : The terminal is connected to the Eagle Ford JV Pipeline, facilitating efficient transportation of crudeoil to downstream markets.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations.
It covers the basics: geology, petroleum engineering knowledge, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves calculations.
The oil and gasoline enterprise is one of the most technically superior and strategically vital sectors in the world economy. Yet in the back of each barrel of crudeoil extracted lies a method that is each quite technical and meticulously deliberate – drilling.
The Iraqi Ministry of Oil has announced that crudeoil production at the Nasiriyah and Saba [Subba] fields has been raised to a combined total of 100,000 barrels per day (bpd), as part of the first phase of a broader integrated development plan. By John Lee.
NesmaKent was formed to support the execution of Saudi Aramcos EPC projects within the industrial sector, integrating local expertise with global engineering standards. NesmaKent JV specialises in EPCM services, sustainability-driven solutions, and advanced digital execution technologies.
Global consulting and engineering company Wood has been awarded an engineering design contract for ADNOC Offshores Lower Zakum development The scope involves detailed engineering design for Package 5 of ADNOC Offshores Lower Zakum Long-Term Development Phase 1 (LTDP1) project, on the UAEs Das Island.
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Bill began his career with Conoco in 1986 and held numerous engineering, operations, commercial, and business development roles of increasing responsibility before joining the companys executive leadership team in 2018 and becoming chief financial officer in 2020.
The tour included visiting the facilities of receiving crudeoil and petroleum products, the main control unit, and the new natural gas transferring projects to receive the imported gas at the port then pumping it into the national gas grid, contributing to covering the domestic consumption requirements and the electricity sector as well.
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produced about 5 million barrels of crudeoil per day, down by half from the 1970s. With even remote fields like Alaskas North Slope sputtering and the cost to find and extract an additional barrel of oil rising, collapse loomed. Twenty years ago, the U.S.
The CEO of the Petroleum Engineering and Development Company (PEDEC) Nasrollah Zarei announced that the launch of the first phase of the crudeoil processing unit at the South Azadegan joint field will be soon to start production, according to Shana.
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In the high-stakes world of oil and gas exploration, every decision carries weight. For decades, geologists and engineers have relied on traditional methodsmanual interpretation, historical records, and analog simulationsto explore hydrocarbon reserves beneath the Earths surface.
The slight recovery in drilling activity comes amid a challenging environment of fluctuating oil and gas prices, ongoing market uncertainties, and shifting priorities among energy companies. Energy Information Administration (EIA) projects continued growth in both crudeoil and natural gas output throughout 2025.
In the Ghadames Basin, bp is advancing a multi-well drilling campaign targeting multiple oil and gas formations, leveraging existing seismic data as well as exploring participation in the 2025 bid round. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.
Unbooked locations consist of drilling locations that have been identified by management as an estimation of the multi-year drilling activities based on evaluation of applicable geologic, seismic, engineering, production and reserves information. Crudeoil therefore refers to light oil, medium oil, tight oil and condensate.
Vipers estimated proved reserves as of December 31, 2024 contained in this communication were prepared by Vipers internal reservoir engineers and audited by Ryder Scott Company, L.P., an independent petroleum engineering firm, and comply with definitions promulgated by the SEC.
(private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Liquids” includes crudeoil and NGLs. CapEx = capital expenditures. Continental’s management has expressed long-term confidence in Oklahoma’s geology.
CrudeOil Infrastructure & Market Integration ONEOKs crudeoil transportation and gathering capabilities in the Permian have been significantly strengthened by recent acquisitions. ONEOK is also optimizing crude marketing strategies , allowing it to capture more Permian crude volumes. Bcf/d in 2025.
With AI-enabled logistics, the oil and gas industry can operate more efficiently, reducing waste and maximizing profitability. AI-powered tools assist engineers, geologists, and analysts by providing insights that enhance decision-making. Be sure to follow Aresco on LinkedIn !
crudeoil production. While legacy vertical well production has declined, horizontal drilling in tight oil plays, particularly in the Permian, has fueled unprecedented growth. Price Sensitivity & Recovery Patterns 20152017: Non-Permian tight oil production declined due to low prices.
Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. Energy Market Trends: Prices on the Rise Crudeoil and natural gas prices saw notable increases in Q4. The price of West Texas Intermediate (WTI) crudeoil closed the quarter at $71.72
The NSAI Report was prepared in accordance with the definitions and guidelines of the Canadian Oil and Gas Evaluation Handbook (the COGE Handbook) prepared by the Society of Petroleum Evaluation Engineers (SPEE) and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101).
According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crudeoil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.
This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crudeoil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crudeoil, natural gas, and NGLs move from production sites to storage and processing facilities.
Living on an offshore oil rig or a platform, or in living quarters on a vessel attached to a rig, all have similar challenges. Offshore oil fields represent a substantial portion of the worlds total crudeoil output. Offshore oil activity is growing, and so is a demand for the workforce on the platforms that pump it out.
We create software solutions for participants in the oil and gas supply chain — the producers, suppliers and retailers who move bulk liquids like crudeoil, natural gas liquids and derivatives like natural gas, propane, butane and more. Vertrax knows something about this.
Suitable for Foamy Crude: Vertical separators are particularly well-suited for handling foamy crudeoil, as their design minimizes the impact of foaming on separation efficiency. Their vertical orientation allows for efficient gravity separation in applications with lower gas-to-liquid ratios.
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1] (“ Bayou Bridge ”) centers around the construction of a crudeoil pipeline from the Clifton Ridge terminal in Lake Charles, Louisiana to a marketing hub in St. Corps of Engineers , 2019-565 (La. Bayou Bridge Pipeline, LLC v. Acres, More or Less, Located in St. Martin Parish, et al. [1] James, Louisiana. 7/15/20). [2]
1] (“ Bayou Bridge ”) centers around the construction of a crudeoil pipeline from the Clifton Ridge terminal in Lake Charles, Louisiana to a marketing hub in St. Corps of Engineers , 2019-565 (La. Bayou Bridge Pipeline, LLC v. Acres, More or Less, Located in St. Martin Parish, et al. [1] James, Louisiana. 7/15/20). [2]
Oil supported by China stimulus Meanwhile, the worlds largest oil importer, China, unveiled on Sunday a comprehensive plan aimed at boosting domestic consumption, signaling a strategic shift to make internal demand the primary engine of economic growth. rise in December.
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