BP and Delek Group-owned Ithaca Energy have started oil and gas production at the Vorlich field in Britain’s central North Sea, the companies said on Thursday. The project is expected to produce 20,000 barrels of oil equivalent per day (boe/d) at its peak and has resources of 30 million barrels of oil equivalent. BP holds
Read More...U.S. energy firms added oil and natural gas rigs this week, boosting the oil count for the fourth month in a row as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid June. The oil and gas rig count, an early indicator of future output, rose 10 to
Read More...1. Alaska bp recompleted a Prudhoe Bay Field well in Alaska that was originally drilled in 2014 at the #06-22B Prudhoe Bay Unit. The well is in Section 2-10n-14e in Umiat Meridian. It was tested flowing 288 bbl of oil, 27.513 MMcf of gas and 1,051 bbl of water per day with a flowing tubing
Read More...The maker of one of the exterior composite boards used on a London high-rise apartment building that burned in 2017, killing 79 people, has been accused of committing “a fraud on the market.” An official inquiry into the Grenfell Tower fire also claimed that Celotex, a building products division of Cie. de Saint-Gobain, made misleading
Read More...Chris DentonAttorney, Elmira, New York … … Attorney Chris Denton offers up a terrific question as to what will happen as a result of Andrew Cuomo’s royal edict cancelling Thanksgiving.” New York Governor Andrew Cuomo, acting more like a monarch than a governor, has “cancelled” large Thanksgiving gatherings by decree (Executive Order N. 202.74) effective
Read More...Belmont Engineered Plastics purchased Cedar Springs, Mich.-based Display Pack Inc.’s In-Mold division, which produces decorative appliqués and thermoformed pack trays, effective Nov. 4. Belmont, Mich.-based BEP will continue to support the division’s current customers operating out of its current location and will retain its employees, a Nov. 23 news release said. “We are excited to
Read More...Australia-based Strike Energy Ltd. said Nov. 25 that APA Group will build a natural pipeline to connect Strike’s assets in the Perth Basin to the energy-constrained Goldfields region of Western Australia. The 12-inch, 580-km pipe will expand Strike’s share of the region’s gas market to 80% from its existing 70%. “APA’s pipeline announcement is
Read More...North American prices for polypropylene and solid polystyrene resins both have increased since Nov. 1. Regional PP prices moved up 5 cents per pound, as producers gained 3 cents of margin improvement on top of a 2-cent increase in prices for polymer-grade propylene (PGP) feedstock, according to market sources contacted by Plastics News. The November
Read More...Britain’s Tullow Oil will commit 90% of its investments in coming years on its producing offshore oil fields in West Africa and put exploration on the back burner to reduce debt. Tullow, which was set up in the 1980s produce oil and gas in Africa, has historically focused on exploring for new discoveries but the oil price collapse this year has forced the entire
Read More...OPEC and allies including Russia are leaning towards delaying next year’s planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said. OPEC+ was due to raise output by 2 million barrels per day (MMbb/d) in
Read More...With very rare exceptions, oilfield contracts address allocations of the financial consequences of risks arising out of the performance of the work. This is usually done in some version of a “knock-for-knock” indemnity scheme where each party agrees to be financially responsible for claims related to its own people and property and to indemnify, defend
Read More...Some in the business community may see divided government in Washington as their best outcome from the election, thinking that it will make it harder for a Joe Biden administration and Democrats to push major changes in environmental or tax policy. But for the plastics industry and its big issue of recycling and waste, I
Read More...Gas flowing to U.S. LNG export plants was on track for a record high on Nov. 25 as Cheniere Energy’s Corpus Christi plant in Texas pulled in enough fuel to supply its three liquefaction trains. Corpus had been receiving small amounts of gas in recent weeks as it prepares to put the third train into commercial service during the first quarter of 2021. On Nov. 25, Corpus was
Read More...Cadillac Products Inc., a film extruder and converter focused on the automotive market, pitched in early during the COVID-19 pandemic to make much-needed personal protective equipment. Eight months later, PPE manufacturing is now a permanent part of the company’s product lineup. The move diversifies the Troy, Mich.-based company’s customer base, while also helping to establish
Read More...Each year Marcellus Drilling News takes Thanksgiving and the day after off to rest and relax with family. We will be sure to keep an eye on the news and if there is anything earth-shattering, we will bring you that news. Otherwise, we’ll see you next Monday. Have a great Thanksgiving! – Jim Willis, Editor
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