Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
BP brings shale techniques to Oman to start gas production
by Daniel J. Graeber
Washington (UPI) Sep 25, 2017


British energy company BP said it brought lessons learned from hydraulic fracturing in the United States to start production at a natural gas field in Oman. BP and the Omani Ministry of Oil and Gas announced the start of production from the Khazzan natural gas field, BP's sixth and largest start-up for the year. "Khazzan further demonstrates BP's ability to consistently deliver large, complex projects on schedule and within budget while applying the industry-leading skills and technology we've developed globally," BP CEO Bob Dudley said in a statement. "In this case, tight gas techniques we perfected in the United States have been brought to Oman and we are very pleased with the results." Hydraulic fracturing has been used for decades, though improved techniques like horizontal drilling have led to considerable production gains for oil and natural gas in the United States. The first phase of operations from the Khazzan development in Oman will plateau at 1 billion cubic feet of natural gas per day. That's about half the September rate for gas production from the Bakken shale field in the United States, the least productive shale basin for natural gas in the country. Liam Yates, a research analyst at consultant group Wood Mackenzie, said in a statement emailed to UPI the Khazzan development is significant for Oman because it offsets declining production from elsewhere in the country. "BP's Khazzan project will be hugely important for Oman's gas supply, with Phase 1 alone supplying 25 percent of Oman's gas by 2019," he said. A second phase of operations will add another 500,000 million cubic feet per day. Capital expenses, meanwhile, are estimated at $12 billion, about 25 percent lower than initially planned. Isam bin Saud al-Zidjali, the CEO of the Oman Oil Co., BP's minority partner, said Khazzan will be a boost for the national economy. "This increment of gas supplies will provide feedstock for development of downstream and petrochemical industries," he said in a statement. It could also lead to incremental gains in shipments of liquefied natural gas. Moody's Investors Service found lingering regional disputes with Qatar posed a credit risk to members of the regional Gulf Cooperation Council, though Qatar and Bahrain are the most exposed to risk. Oman, however, could actually benefit because of trade diversions that resulted from the dispute, though the overall impact on growth will be negligible.

OIL AND GAS
Shale-rich Oklahoma holds special session to address budget gap
Washington (UPI) Sep 25, 2017
Lawmakers in shale-rich Oklahoma meet Monday in a special session to help address budget strains that the governor said are critical. Gov. Mary Fallin said lawmakers are called on to find long-term solutions to budget woes. By her estimate, the state could face a $500 million shortfall next year because one-time funds were used to balance the books for the current fiscal year. Ok ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Researchers discover unique property of critical methane-producing enzyme

New biomaterial could replace plastic laminates, greatly reduce pollution

Re-engineering biofuel-producing bacterial enzymes

A new way to directly convert methane to methanol using gold-palladium nanoparticles

OIL AND GAS
Green Bank Network totals over $29 Billion for clean energy projects around the World

Antigua's well-built PV systems sustain impact of hurricane Irma

NREL investigates coatings needed for concentrating solar power

Scientists make atoms-thick Post-It notes for solar cells and circuits

OIL AND GAS
French energy company to build wind power sector in India

Finding better wind energy potential with the new European Wind Atlas

Last of the 67 turbines for a British wind farm installed

Kimberly-Clark next U.S. company to draw more on renewables

OIL AND GAS
Against rising headwinds, UK pushes ahead with nuclear projects

Russia floats out powerful nuclear icebreaker

Russia's use and stockpiles of highly enriched uranium pose significant nuclear risks

Discovery could reduce nuclear waste by chemically reengineering molecules

OIL AND GAS
Science denial not limited to political right

Canada Tory MP called out for referring to minister as 'climate Barbie'

US looks to work with Paris climate accord 'partners': Tillerson

Climate risk classification created to account for potential 'existential' threats

OIL AND GAS
Carmakers face billions in European CO2 fines from 2021: study

Dockless bike-share hits US capital, following craze in China

Baidu announces $1.5 bln fund for autonomous driving

China rises at Frankfurt car show

OIL AND GAS
Iraq forces oust IS from northern town in drive on Hawija

Tribes, tradition stand in way of Iraq police

Iraq brings all remaining IS territory under attack

Pilgrims bring boom times for Iraqi gem traders

OIL AND GAS
US, N. Korea brinksmanship brings warning of 'unpredictable nosedive'

US warplanes fly off NKorea coast; China says quake not nuke test

China experts say 3.4-quake hits N.Korea in 'suspected explosion'

China confirms will limit oil exports to North Korea




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement