Industry News

Marketed: EOG Resources Reeves County Nonop Working Interest

The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. HEXP Resources LLC has retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of certain nonoperated working

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IEA Issues ‘Dire Warning’ on Emissions Driven by Resurgence in Coal

Global CO₂ emissions from energy are seen rising nearly 5% this year, suggesting the economic rebound from COVID-19 could be “anything but sustainable” for the climate, the International Energy Agency (IEA) said on April 20. The IEA’s Global Energy Review 2021 predicted CO₂ emissions would rise to 33 billion tonnes this year, up 1.5 billion

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E&P Plus: Permian in the Middle East? UAE to Replicate US Shale Boom

In November 2020, Abu Dhabi National Oil Co. (ADNOC) commenced gas production from its unconventional gas field—a milestone that helped the world’s third largest oil producer inch closer toward its gas self-sufficiency goal by 2030. In an exclusive interview with E&P Plus, Mohamed R. Al Zaabi, senior vice president of unconventional and exploration with ADNOC,

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ProAmpac buys multiwall paper bag maker El Dorado Packaging

Flexible packaging converter ProAmpac is on the acquisition hunt again, buying multiwall packaging specialist El Dorado Packaging Inc. Cincinnati-based ProAmpac announced the deal April 20. The seller is Evanston, Ill.-based investment firm Industrial Opportunity Partners LLC. Terms were not disclosed. El Dorado makes custom paper-based packaging for retail and industrial market. It is based in

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The cockpit of the future: Science fiction or a road map to profit?

In the cockpit of the future, passengers will recline on seats made from sustainable materials, bristling with hidden sensors that will anticipate their perfect temperature, their favorite songs and even when a sore back might be impending. In front of them, pillar-to-pillar screens will bring the home entertainment experience into the car, while augmented-reality displays

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Energy Transfer Argues DAPL Closure Would Cause ‘Economic Shock’

NEW YORK—The operators of the Dakota Access oil pipeline (DAPL) argued to a federal court on April 19 that the system’s shutdown would be even more harmful than previously anticipated, in their final plea to keep the line open after a key permit was scrapped. The operators, led by Energy Transfer, told the U.S. District

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Subsea Operations: Building a Better Future Offshore through Time Travel

“Those who cannot remember the past are condemned to repeat it.”—Spanish philosopher George Santayana. That idea is causing more than a few sleepless nights in the oil and gas industry. Vital knowledge, captured in the experiences of long-standing employees, is leaving to enjoy its retirement. It’s a crucial element of the impending skills crisis, and

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Wood Pellets Power Europe As Continent Takes A Giant Step Backward

germany … …[Editor’s Note: Europe’s focus on biomass in the form of wood pellets to produce electricity is a step backward on CO2 and shows green energy is anything but.] When most Americans think about “green power” and Europe, they conjure up pictures of wind turbines and solar panels producing emission-free power. The truth, however,

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Schlumberger Collaborates with Equinor to Deploy the DELFI Environment

Schlumberger and Equinor have entered a strategic project, in collaboration with Microsoft, on April 19 to deploy the DELFI* cognitive E&P environment, with seamless integration to the OSDU Data Platform—the industry’s new data standard. This project aims to accelerate Equinor’s ability to integrate data at scale and improve decision making. “We are pleased to be

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Norway’s March Oil, Gas Output Lags Official Forecasts

Norway’s oil and gas production slightly lagged official expectations in March, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on April 20. Crude oil output fell 1.1% from February to 1.773 million barrels per day (MMbbl/d) in March, while the NPD’s forecast for the month had stood at 1.785 MMbbl/d. Oil output was 3.8%

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Conair adds chillers, ‘line-proofs’ resin distribution

Cranberry Township, Pa.-based Conair Group has a new line of chillers that it’s billing as Green Cool technology as well as a new radio-frequency identification (RFID) system that it says simplifies and error-proofs resin distribution. The auxiliary equipment producer says the chillers in the new Eco-brand line can operate in conditions from -20° to 125°

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