Houston Ducks Unlimited to host inaugural legacy gala

Houston Ducks Unlimited to host inaugural legacy gala

Ducks Unlimited’s 75th Anniversary will be remembered by many as the year the single-event fundraising record was broken… four times! Last February, DU’s New York City chapter kicked off the organization’s 75th anniversary celebration at the historic Waldorf-Astoria Hotel in Midtown Manhattan. Hosting a crowd of more than 600 attendees, chapter chairman Michael Witter and his committee secured $1.2 million and set the bar for what would be a historic year by surpassing the all-time fundraising record for a single DU event. Not long after, in March, DU’s Blackhawk chapter in Danville, California, upped the ante with a $1.4 million...

Saudi Arabia Cancels 45-Year Taboo With Threat to Use Oil as a Weapon

Saudi Arabia Cancels 45-Year Taboo With Threat to Use Oil as a Weapon

If threats are anything to go by, Saudi Arabia may just have breached a long-standing orthodoxy of dissociating oil from oil politics. Following recent developments, Riyadh made statements that came across as a veiled threat to deploy the Kingdom’s oil wealth in a political warfare –  an unprecedented turn since the Arab embargo in 1973 that galvanized the first and unarguably paradigm shifting oil crisis. On Sunday, Saudi Arabia, global leaders of oil exports, said it would make an even more consequential, retaliatory move should punitive measures be sanctioned on the nation over the disappearance of Jamal Khashoggi – the...

Saturn Oil & Gas Inc. increases land position and provides operational update

Saturn Oil & Gas Inc. increases land position and provides operational update

Saturn Oil + Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) would like to provide an update on the Company’s recent land acquisition and Q1/2018 drill program. Saturn has closed its land acquisition with Whitecap Resources Inc. The Company has acquired one section of land with rights from base Colorado to base Mannville. The acquired section is adjacent to Saturn’s existing land holdings and the Company has licensed its first horizontal well targeting the Success formation on the acquired land. Saturn has also licensed six additional horizontal wells targeting the Viking formation. The Company commenced drilling operations on these wells...

Production starts at Equinor’s Oseberg Vestflanken 2

Production starts at Equinor’s Oseberg Vestflanken 2

Equinor and partners started production from Oseberg Vestflanken 2 field in the North Sea using the first unmanned platform on the Norwegian Continental Shelf (OGJ Online, June 16, 2016). Remotely operated from the field’s center, the new Oseberg H platform is fully automatic and serves as a pilot, said Anders Opedal, Equinor’s executive vice-president for technology, projects, and drilling. “We are further developing the concept and believe that the next version will be even more competitive.” The 11 wells on Oseberg Vestflanken 2 will be drilled by the Oseberg license-owned Askepott jack up rig. Nine wells will be drilled through...

Shell invests in cleaner fuel technology at Pernis refinery

Shell invests in cleaner fuel technology at Pernis refinery

The Royal Dutch Shell PLC is bringing major technology investment to Pernis, its integrated refinery and chemicals manufacturing plant, for the first time since 2011. In a move to stay competitive and enhance innovation, Shell has contracted for a solvent deasphalter (SDA) unit that will take cleaner fuel production to a greater level. With 404,000 barrels per day production capacity, Pernis, which is located in Rotterdam. According to Robin Mooldijk, EVP for Manufacturing, the new unit “pushes the boundaries of refining technology, seamlessly integrating with almost every part of the site to unlock the full value of each barrel of...

Colorado House Majority Leader Says Prop 112 Unlikely to Pass

Colorado House Majority Leader Says Prop 112 Unlikely to Pass

Washington — Colorado’s oil and natural gas industry will likely defeat an effective drilling ban on November’s ballot, a key state lawmaker predicted Friday, but she cautioned that the effort would return stronger in 2020 if state legislators do not find common ground on regulating abandoned wells and other issues. House Majority Leader KC Becker said on a Baird conference call that oil and gas interests are spending $30 million to defeat Proposition 112, compared with $1 million by supporters of the measure. The proposition on the November 6 ballot would increase oil and gas drilling setbacks to 2,500 feet,...

SUEZ opens one of the world’s largest R&D labs in Texas

SUEZ opens one of the world’s largest R&D labs in Texas

* New State-of-the-Art Laboratory to Provide Expanded Focus on Downstream Refining, Petrochemical, and Upstream Oil & Gas Processing Applications * Expansive Analytical Laboratory Provides Water, Oil, Deposits, Microbiological, Metallurgical, and Process Fluids analysis for SUEZ’s entire North American client base   SUEZ has opened one of the world’s largest, most advanced analytical laboratories to serve its growing client base, including the booming refining and petrochemical market, as well as oil and gas operations along the Gulf Coast and beyond. The facility, which will support SUEZ’s global research efforts, is located in Tomball, Texas. Heiner Markhoff, CEO of SUEZ’s Water Technologies...

World Oil Award 2018 Winners Honored at Houston Gala

World Oil Award 2018 Winners Honored at Houston Gala

August 30, 2018, HOUSTON—Nearly 150 of the downstream processing industry’s brightest minds gathered Thursday to find out, and celebrate, the winners of the 2018 HP Awards. The awards ceremony seeks to recognize and honor the midstream and downstream processing industries top innovations and innovators. Honorees took home awards in 12 categories—10 encompassing the latest technological advances in the hydrocarbon processing industry and two people awards—from the gala event in Houston, Texas. These innovations are enabling refinery, petrochemical and gas processing/LNG operators to optimize their operations. This year, more than 80 nominations were submitted from 18 countries around the world. The...

Saudi prince sees deal with Kuwait to restart oil fields

Saudi prince sees deal with Kuwait to restart oil fields

Saudi Arabia’s crown prince said he’s getting close to striking a deal with Kuwait about two jointly owned fields that can produce half a million barrels a day of crude. We believe that we are almost close to having something with Kuwait,” Crown Prince Mohammed Bin Salman, who met with Kuwait’s Emir Sheikh Sabah Al-Ahmed Al-Sabah on Sunday, said in an interview at a royal palace in Riyadh. We believe we can have something soon. The fields of Khafji and Wafra are located in Neutral Zone, a portion of the two countries’ border that has been undefined for almost a...

Crude Oil Futures Down for the Week

Crude Oil Futures Down for the Week

The November WTI – West Texas Intermediate crude oil futures contract price gained a penny Friday, settling at $74.34. The WTI intraday range fluctuated from $73.83 to $75.22. Friday’s settlement price represents a 1.3-percent drop since Monday’s close. The front-month Brent contract lost 42 cents Friday to settle at $84.16 a barrel – a nearly 1-percent drop from Monday’s settlement price. “This week, both WTI and Brent traded at levels not seen in about four years on supply concerns only to fall off later on a U.S. crude inventory report that showed a much higher-than-expected gain,” said Tom Seng, Assistant...