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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.

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Industry headlines

CNOOC set to increase reserves, production through 2021

CNOOC Ltd. will steadily increase its oil and natural gas reserves and production this year with plans to drill 173 exploration wells, acquire 29,000 sq km of 3D seismic data, and put six new proje...

Pluto LNG to supply Western Australia mineral sands project

A joint venture of Woodside Energy Ltd., Perth, and Melbourne-based Energy Developments Pty. Ltd. (EDL) has signed an LNG supply deal with mineral sands company Sheffield Resources Ltd., Perth, for...

MARKET WATCH: NYMEX crude oil prices hover above $52/bbl, Brent above $61/bbl

Crude oil prices fell by more than $1/bbl on New York and London markets Jan. 22 with light, sweet crude oil settling above $52/bbl as US markets reopened for trading after being closed on Jan. 21...

Van Gogh infill project comes on stream

Santos Ltd., Adelaide, has announced that oil from its two-well infill project in Van Gogh field in the Exmouth basin offshore Western Australia has been brought on stream. The infill project began...

New Pluto inlet station commissioned

The new Pluto inlet station connecting the Woodside Petroleum Ltd.-operated Pluto LNG project on the Burrup Peninsula near Karratha in Western Australia to the Dampier to Bunbury natural gas trunk...

WoodMac: Upstream M&A deal flow expected to slow in 2019

In fourth-quarter 2018 upstream, merger and acquisition activity fell to its lowest level since first-quarter 2015 as volatile oil prices and bearish equity markets impeded deal flow. Activity also...

NEB approves winter clearing work for Keystone XL’s north section

TransCanada Corp.’s Keystone Pipeline GP Ltd. can begin winter clearing work on the North Spread of its Keystone XL project. Canada’s National Energy Board (NEB) approved the company’s reques...

Tallgrass, Kinder Morgan explore Rockies oil transportation

Tallgrass Energy LP and Kinder Morgan Inc. will jointly develop a solution to increase existing crude oil takeaway capacity in the Powder River and Denver-Julesburg basins and to add incremental ca...

New survey supports Gabon’s latest offshore licensing round

Geoscience company CGG is extending its Gabon multiclient data footprint with a 9,800-km offset 2D seismic survey in an unexplored deepwater area of the South basin. CGG said it is building on the...

Energy transition strongly subject to politics of climate

Political developments this year and last will influence the much-discussed energy transition in little-discussed but powerful ways.<img src="http://feeds.feedburner.com/~r/latest-news-...

Canadian oil sand producers throw new tech at old foe

In their quest to make one of the most expensive methods of producing crude more profitable, Canada’s oil-sands companies have been ramping up efforts to get their thick bitumen to flow through p...

Oil rises on expectations of market balance, slower shale growth

Oil recovered after its biggest decline in more than a week on signs U.S. shale supply growth is slowing, and expectations that OPEC’s output cuts are well on their way to balancing the market.

NPD publishes its December 2018 production figures

Preliminary production figures for December 2018 show an average daily production of 1.8 MMbbl of oil, NGL and condensate, which is a decrease by 26 Mbpd compared to November.

MEG eyes spending cut, board shakeup after Husky's bid fails

Fresh off defeating a hostile takeover bid, Canadian oil-sands producer MEG Energy Corp. is slashing capital spending and reviewing the makeup of its board.

Halliburton feels U.S. fracing slowdown more acutely

The world’s biggest oilfield service companies are feeling the U.S. fracing slowdown as shale producers slash spending forecasts.

AMLO cabinet skipped Davos to focus on graft fight, envoy says

Mexican President Andres Manuel Lopez Obrador asked his cabinet to skip this week’s World Economic Forum in Davos to focus on the government’s efforts to stop gasoline theft and attend to a pip...

Saudi, Russian energy ministers cancel planned Davos meeting

Saudi Arabia and Russia will no longer hold oil talks in Davos this week, scrapping the first face-to-face meeting since both nations agreed in December to cut output.

Oil slumps most in a month as IMF, trade dispute darken outlook

Oil slumped by the most in almost a month as economic warning signs flashed from Chinese trade talks to the U.S. housing market.

Stress Engineering Services has received ABS Recognized Specialist Certification for CBM services

Stress Engineering Services, Inc., a consulting engineering services company, has achieved an American Bureau of Shipping (ABS) Recognized Specialist certification for its condition based monitorin...

Tracerco has launched Hyperion to provide accurate and reliable bulk level, density measurements

Tracerco has added to its award-winning range of advanced nucleonic instrumentation by announcing the launch of Hyperion.

Featured of the month

Company ...

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.

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Technology ...

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.

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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.

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Contributor ...

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.

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