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Industry headlines
Targa to buy Permian gas processor Lucid Energy Delaware for $3.55 billion
Targa Resources Corp. has agreed to buy Permian natural gas processor Lucid Energy Delaware LLC from Riverstone Holdings LLC and Goldman Sachs Asset Management for $3.55 billion in cash.
Energía Argentina, Tenaris to produce welded pipes for Presidente Néstor Kirchner Gas Pipeline
Energía Argentina and Tenaris signed an agreement for the supply of welded pipes for the construction of the Presidente Nestor Kirchner Gas Pipeline (GPNK) in Argentina.
Energy Workforce & Technology Council comments on SEC proposed rules on climate disclosures
Energy Workforce & Technology Council submitted comments to the SEC regarding the proposed rules that require expanded greenhouse gas reporting from publicly and some privately traded companies.
OPEC+ debating next move as U.S. presses for more oil
The oil pact OPEC+ launched at the outset of the pandemic is finally nearing an end, and where the group goes from here is a politically fraught question.
Chevron awards Worley a global services agreement
Worley and Chevron Corporation have entered into a global master services agreement covering Chevron’s upstream, midstream, and downstream business needs.
Wood appoints new Executive President for Consulting business
Wood, a global consulting and engineering company, announced the appointment of Azad Hessamodini as Executive President of its Consulting business and the latest member of the firm’s executive le...
High rates of fuel exports hinder U.S. efforts to build supplies at home
Waterborne gasoline and diesel loadings out of the U.S. Gulf Coast surged to 1.88 million barrels per day so far this month, on track to bring monthly volumes to a record in data going back to Janu...
LyondellBasell fire shows how rapidly refining capacity can shrink
The 30-minute fire at LyondellBasell Industries NV’s Houston refinery Tuesday underscored just how quickly U.S. gasoline production can fall at a time when the country is experiencing record-high...
South American island pitches $6 billion wind, hydrogen energy plan
An island region famed for its location at the very tip of South America wants to diversify its economy away from fossil fuels to tap the global clean-energy transition.
Trade groups respond to President Biden’s letter to U.S. refiners
Trade groups sent a letter to President Biden responding to the administration's recent letters to major U.S. fuel refiners suggesting that these companies, their workforces and facilities aren...
Industry alerts
Gate valve bonnet failures from thermal expansion of fluids at high temperature - In a steam-assisted gravity drainage application, immediately after start-up, a gate valve bonnet failure caused a release of pressure to atmosphere. In thermal applications throughout the oil and gas industry, there have been incidents of valve failures during start-up. Resulting damage can include stretching studs and loss of pressure integrity between the body and bonnet. The main cause is pressure build-up in the gate valve cavity from thermal expansion of fluids, which was completely full and isolated. Such pressure exceeded the rated working pressure of the valve.
Featured of the month
Baker Hughes
Baker Hughes provides the world's oil & gas industry with products and services for drilling, formation evaluation, completion, production and reservoir consulting. Baker Hughes operates in over 90 countries worldwide mainly based in countries with a mature petroleum industry as is the case with most oil & gas service companies.
Coiled tubing
Coiled tubing is a continuous string of tubing, rolled onto a spool. It is made from rolling strip material into a tubular form and resistance welding along its length. Coiled-Tubing (CT) continues to grow as an enabling technology that provides cost economy and time efficiency for the oil and gas industry. It has gained wider acceptance in all operations involved in oil and gas exploration.
Flow assurance
Flow assurance is essential to the sustained operability of production facilities. Flow assurance failures often result in production shut-down and costly interventions. What operating environments does flow assurance typically pose a challenge? Almost all, but some are worse than others.
Dr. Torben Lund Skovhus
Dr. Torben Lund Skovhus is Researcher and Project Manager at VIA University College in the Centre of Applied Research & Development in Building, Energy & Environment (Horsens, Denmark). Torben is currently chair of NACE TEG286X and ISMOS TSC an organization he co-founded in 2006.