Wells drilled horizontally into tight oil and shale gas formations continue to account for an increasing share of crude oil and natural gas production in the US, according to EIA. In 2004, horizontal wells accounted for about 15% of US crude oil production in tight oil formations.
As Rystad Energy reports, the overall US oil production is on track for another record year. The company forecasts that the US crude output will reach the 13.4 million barrels per day by December 2019, whereas May’s crude oil production is expected to reach the average of 12.5 million bpd.
As EIA informs, US production of hydrocarbon gas liquids reached 5 million barrels per day (b/d) in 2018, which is an increase of over 0.5 million b/d (13%) compared to 2017 levels. HGLs accounted for more than a quarter of total US petroleum products output in 2018.
Houston-based liquefaction project Cameron LNG has shipped the first commissioning cargo of LNG from the first liquefaction train of the export project in Hackberry, La, according to Sempra LNG, a subsidiary of California-based Sempra Energy.
China dismissed a warning issued by the US Department of State not to provide services to the tanker ‘Pacific Bravo’ carrying Iranian crude oil, noting that energy deals between the international community and the Middle East nation should be respected.
During the 10th Clean Energy Ministerial (CEM10) meeting, a new global international hydrogen partnership was announced under the leadership of the United States, Canada, Japan, the Netherlands and the European Commission with participation of several other CEM member countries.
Venture Global and Stonepeak announced that they have reached agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment in Venture Global’s 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export facility in Cameron Parish, Louisiana.
The US Department of Energy approved additional exports of domestically produced natural gas from the Freeport LNG Terminal located on Quintana Island, Texas. The expansion of the Freeport LNG facility is estimated to support up to 3,000 engineering and construction jobs and hundreds of indirect jobs related to the project.
Esben Poulsson, the Chairman of ICS has commended the Cyprus Shipping Chamber (CSC) as being a ‘model member’. Mr. Poulsson also highlighted that the lifting of the restrictions that Turkey has imposed on Cypriot-flagged ships would lead to a a win-win situation. Moreover, he expressed ICS’s full support on 2020 sulphur cap, but highlighted its concerns regarding the prices of the new fuels.
On 16 May, JAX LNG, a liquefied natural gas facility located at Dames Point in Jacksonville, Florida, held a ribbon-cutting ceremony to signify the official start-up of the newly constructed plant. JAX LNG is the first small-scale LNG facility in the US with both marine and truck-loading capabilities.
USCG begins investigation into three tugboats sinking22/07/2019
Two Iranian vessels stuck in Brazil due to lack of fuel, amid US sanctions22/07/2019
Sweden's largest hybrid ferry to begin operations22/07/2019
Novatek closes Arctic LNG 2 transaction22/07/2019
ICS worried over developing situation in Strait of Hormuz22/07/2019
Iran seizes British-flagged oil tanker in Strait of Hormuz22/07/2019
Canada secures first long-term contract for LNG export to China22/07/2019
Crude oil loadings at Libya’s Zawiya Port continue after lifting of force majeure22/07/2019
Port of LA sets up workforce training program ahead automation plans22/07/2019
- Ship Recycling
Bangladesh the preferred choice for ships scrapping22/07/2019