The American Petroleum Institute has published a report that argues that natural gas can boost electric grid reliability and stability thanks to its various attributes, such as its flexibility compared with coal and nuclear. The report comes in response to Environmental Protection Agency Administrator Scott Pruitt's claims that natural gas may expose the electric grid to threats and his call for coal usage to secure electric grid stability.
The energy infrastructure deficit is preventing the US from achieving energy independence as East Coast and West Coast markets continue to rely on imported oil due to a shortage of pipelines moving oil from US shale fields to refineries, writes David Gaffen. To achieve energy independence, the US must expand and upgrade its aging pipeline network -- a difficult task given the increasing opposition and challenges new pipeline projects face, Gaffen writes.
Mark Papa, who helped EOG Resources become the fourth-largest US shale driller, is on track to turn his latest venture, Centennial Resource Development, into another shale success story. Under Papa's lead, Centennial has raised $500 million to expand its debt-free business, boosting its valuation by more than sixfold to $3.6 billion in less than two years.
The Federal Energy Regulatory Commission has issued the final environmental impact statement for the $3.5 billion Mountain Valley Pipeline, concluding that the project would have limited adverse impacts on the environment. The pipeline would move natural gas from the Marcellus and Utica shale fields to US markets.
US crude oil imports climbed 1.9% so far this year compared with the same period in 2016, while US crude production rose 0.9% in May from April to an average of 9.3 million barrels per day, according to the American Petroleum Institute. In the week ended June 16, US oil production was up 7.7% year-on-year to 9.35 million barrels per day.
The number of US oil rigs climbed by 11 to 758, the highest level in more than two years, in the week ended Friday, according to Baker Hughes, with the Bakken Shale leading in the 23rd straight week of gains. "The higher rig count this week reflects decisions made a couple of months ago when oil prices were higher," WTRG Economics President James Williams said.
A new mobile app, the Risk Based Data Management System WellFinder, allows users to search oil and natural gas well permit numbers, well types, production data and regulatory and emergency contacts. The app, which the Ground Water Protection Council launched in May, includes data from nine states and is helping field inspectors, industry members and residents.
Sen. Bill Cassidy, R-La., has introduced a bill that would task the Energy Department with reviewing and easing the approval process for natural gas exports. Sen. Ted Cruz, R-Texas, has also introduced a bill regarding natural gas exports.
API Specification Q2 Fundamentals and Practitioner Training
This course addresses the quality management systems for service supply organizations for the upstream petroleum and natural gas industries. Participants will be given insight into the drivers behind Q2's importance and its value in the oil and natural gas industry. Using practical examples and hands-on application, this course is designed to progressively give you introductory to advanced knowledge of Q2 requirements and interpretations. Presented by ICO International Group, July 10 to 13; Mireaux Management Solutions, July 17 to 20. To learn more about this course and to register, visit the API-U Calendar.
API Recommended Practice 17A, Design and Operation of Subsea Production Systems
This document provides guidelines for the design, installation, operation, repair and decommissioning of subsea production systems. The elements of subsea production systems included are wellheads (both subsea and mudline casing suspension systems) and trees; pipelines and end connections; controls, control lines and control fluids; templates and manifolds; and production risers (both rigid and flexible). Other sections cover operations, quality assurance, materials and corrosion. To purchase this publication, visit the API Publications Store.