The Environmental Partnership, an initiative to curb the oil and natural gas industry's methane emissions, entered its second year recently and now counts 70 companies among its members, up from 26 members initially. Program director Matthew Todd touted the partnership's achievements so far, including the release of its first annual report, and said one goal is to expand beyond the three performance areas the program currently focuses on.
The digitalization and automation of the oil and natural gas industry is starting to disrupt roles, with tech workers and job titles such as data scientist, user experience designer and agile coach becoming ever more common as blue-collar jobs become obsolete. Companies like Enbridge and Baker Hughes are counting on tech pros to streamline operations and boost profits.
Shareholders of SemGroup on Thursday voted in support of Energy Transfer's bid to acquire the Oklahoma pipeline company in a deal worth $5 billion. The takeover will increase Energy Transfer's pipeline network with crude oil gathering assets as well as crude oil and natural gas liquids pipelines in Colorado's Denver-Julesburg Basin and Anadarko Basin of Oklahoma and Kansas.
Chief HR officers should "be viewed as neutral" within the leadership team, says Rhonda Morris, Chevron's chief human resources officer. "I have had to come to peace with the fact that, every day, somebody is not going to happy with me," she says.
OPEC members and other oil-producing countries have agreed to reduce production by an additional 500,000 barrels per day, bringing the total to 1.7 million barrels per day, until the end of the first quarter, Russian Energy Minister Alexander Novak says. "We really do see some risks of oversupply in the first quarter due to lower seasonal demand for refined products and for crude oil," he says.
An anticipated drop in Permian Basin activity will open a window of opportunity for producers in the Marcellus and Utica shales to meet demand for natural gas liquids after 2024, John Powell of Crestwood Equity Partners said at the Marcellus Utica Midstream Conference. Powell says the region has sufficient NGL pipeline capacity, but more fractionation capacity is needed.
Oil production in Canada is expected to surge by almost 50% by 2040 to cross the seven-million-barrel-per-day mark despite weakening demand, according to the Canada Energy Regulator's energy outlook. Meanwhile, natural gas output will likely grow by more than 30% over 2018 levels to surpass 20 billion cubic feet per day, driven by the "potential for LNG exports," the CER said.
The past 10 years have seen many changes in the Eagle Ford—from one of the fastest-growing shale basins to a drastic fall in production and, finally, a recovery of sorts. While several Eagle Ford operators have enhanced their production, what more can they do to operate optimally in the basin?
The Environmental Protection Agency has proposed eliminating bonding requirements to cover potential pollution cleanups under the Superfund program for petroleum refiners and coke manufacturers. "After a thorough evaluation, EPA has determined that the petroleum and coal manufacturing industry's current practices, along with existing federal and state regulations, adequately address potential financial risks to the federal government and American taxpayer," EPA Administrator Andrew Wheeler said.
The Energy Information Administration has released updated maps and geologic information for the Bone Spring formation in the Delaware Basin. Thanks to hydraulic fracturing and horizontal drilling, the number of wells in the Bone Spring formation increased from 436 in 2005 to 4,338 in mid-2019, while oil production per well skyrocketed from 67 barrels per day to 770 bpd over the same period.
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Public-private partnerships enhance hazard mitigation, preparedness, response and recovery programs in communities by pooling of resources, know-how and expertise. Join us on Dec. 10-11, 2019 to discuss practices, share learnings and explore how preparedness efforts in both the public and private sectors may be further supported. Learn More.