OIL AND GAS UPDATES

-

HINTS

  1. Offshore capital 'urgently needed' warns Oil and Gas UK report
    BBC News

    The offshore sector may face a significant decline in production if fresh capital is not urgently secured, according to an industry report. The Oil and Gas ...

  2. Oil and gas economic contributions sink
    Bismarck Tribune

    The facility manufactures gasoline, diesel fuel, jet fuel, heavy fuel oils and liquefied petroleum gas. Refined products are trucked and railed from ...

  3. Debate over oil and gas taxes heats up
    NEWS.com.au

    The Turnbull government is facing pressure from the oil and gas industry not to push ahead with changes to reap billions of dollars in tax revenue from ...

  4. Origin Energy mulls formal sale process for 'NewCo' oil and gas assets
    The Australian Financial Review

    Origin Energy's chief executive Frank Calabria has held out the prospect of running a formal process for the sale of the "NewCo" oil and gas assets, ...

  5. Coastal Bend Oil and Gas report: 03.07.17
    Corpus Christi Caller-Times

    Oil futures spiked briefly on Monday, Jan. 4, 2016, after the news that Saudi Arabia would cut diplomatic ties with Iran, a development that could be ...

  6. Oil and gas industry cannot remain as it is
    The Straits Times

    Just when many think the worst is over for the oil and gas industry, another piece of bad news hits. This has been the pattern for the past few years.

  7. Energy minister emphasizes Russia's oil and gas sector weathered US sanctions well
    TASS

    HOUSTON, March 7. /TASS/. Russia's oil and gas sector has weathered the US sanctions successfully and increased oil output by 400,000 barrels ...
    Russia 'Open' To Investment, Cooperation In Oil And Gas With US Firms - RadioFreeEurope/RadioLiberty
    Oil industry heading for next crisis if things don't change, experts warn - CNBC
    Saudi energy minister keeping close eye on US oil producers - PennEnergy

  8. Erin Energy signs drilling contract for Oyo field well, offshore Nigeria
    Your Oil and Gas News (press release)

    Erin Energy Corporation is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa.

Comments

Post a Comment

Popular posts from this blog

THE IMPORTANCE OF OIL DEPOT IN THE OIL AND GAS INDUSTRIES

-
Image
An oil depot (sometimes called a tank farm, installation or oil terminal) is an industrial facility for the storage of petroleum and / or petrochemical products and from which these products are generally transported to end-users or other storage facilities. An oil depot usually has a tank, either above ground or underground, and gantries (frame) for spilling products in tank trucks or other vehicles (such as barges) or pipelines. Oil depots are usually located near oil refineries or in places where tankers containing products can unload their cargo. Some deposits are attached to pipelines from which they draw their supplies and deposits can also be fed by rail, barge and tanker (sometimes called "bridge"). Most oil depots have tank trucks that operate from their land and these vehicles transport products to service stations or other users. An oil depot is a relatively unsophisticated facility in that (in most cases) there is no processing or other processing on the si
Read more

Typical flare system in industrial plants

-
Image
 Diagrammatic representations of a typical vertical, elevated flare stack system in an industrial plant. During operations, when industrial plant equipment items are over-pressured, the pressure relief valve is an essential safety tool that automatically releases gases and sometimes liquids. Those pressure relief valves are essential by industrial design codes and standards as well as by law. The released gases and liquids are directed through large piping systems known as flare headers to a vertical elevated flare. The escaped gases are burned as they exit the flare stacks. The size and brightness of the resulting flame is determined by the flammable material's flow rate in joules per hour (or btu per hour). Majority of industrial plant flares have a vapour-liquid separator(also called a knockout drum) upstream of the flare to remove any large amounts of liquid that may go along with the relieved gases. Steam is f
Read more

The Oando forensic audit is delayed

-
Image
The delay of the Nigerian oil and gas company Oando plc's judicial audit by the Securities and Exchange Commission, SEC, is caused by "payment to auditors and other logistical problems," PREMIUM TIMES has learned. A senior SEC official told PREMIUM TIMES on Tuesday that the regulator was working to open the audit after the holidays, in 2018. The source, who spoke under strict conditions of anonymity, also referred to some of the challenges faced by the organization in the area of ​​logistics and payments to be made to external auditors. On December 5, the SEC informed Nigerians that the judicial audit of the company would begin as of the next day of notification.  But PREMIUM TIMES reported Monday that two weeks after the announcement, the regulator had not started the audit yet . "You know they (external auditors) are from the private sector and this exercise also requires money."   There may be some concerns about the payment because the auditors would
Read more