Tag: petroleum
Innovation Solution Optimizes Produced Water Disposal: Solar Power System Enables Remote...
Water is considered a byproduct of oil and gas production and must be carefully managed. This water, usually referred to as ‘produced water’, is the largest volume waste stream associated with upstream petroleum operations.
Chevron Aims for World’s Lowest-Emission LNG Plant
Chevron is seeking approval for its plans for a LNG export facility on the Pacific Coast of Canada to move toward an all-electric design that would result in the lowest greenhouse-gas emissions per tonne of any LNG facility in the world.Chevron and its partner Woodside Petroleum Ltd.
EIA: US world’s #1 producer of petroleum & hydrocarbons
According to the Energy Information Administration (EIA), the United States has remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high.
API: US petroleum demand highest in 11 years
The American Petroleum Institute (API) has reported that, despite higher prices, the first four months of 2018 saw US petroleum demand average 750, 000 bpd above the same period in 2017 – a sign of solid economic activity.
Penn West disposes non-core assets worth USD 355M
Penn West Petroleum signed an agreement to sell non-core assets located in south central Alberta for expected proceeds of approximately USD 355M to a private company. The assets are currently producing approximately 7,500 barrels of oil equivalent (boe) per day.
Occidental Petroleum separating its California business
Occidental Petroleum Corporation (Oxy) is currently undergoing strategic review and as a result of this process the Board of Directors have agreed to the separation of Oxy’s California assets into an independent and separately traded company.