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OIL AND GAS
Gas operations at one of Israel's largest fields closed down
by Daniel J. Graeber
Washington (UPI) Sep 25, 2017


Gas should start flowing again by the end of the week following repairs to the infrastructure on one of Israel's largest offshore fields, partners said.

Delek Drilling, a partner at the Tamar natural gas field in the Mediterranean Sea, said the operator, the regional subsidiary of Noble Energy, found a crack on an emergency emissions pipeline during regular maintenance that led to a halt in production last week.

"The operator is acting to repair the malfunction, and has updated the Tamar partners that the planned date for completion of the repair and commencement of flow of natural gas from the Tamar reservoir is during the coming week," Delek said in a statement Sunday.

An independent reviewer, Netherland, Sewell & Associates, Inc., said the volume of natural gas estimated in the Tamar field stands at 11.2 trillion cubic feet, with an additional 14.6 million barrels of condensate, a 13 percent increase from the previous estimate. Condensate is an ultra-light mixture of hydrocarbon liquids.

Jordanian power companies were among the first to express interest in natural gas produced offshore Israel. Delek said earlier this year the eventual export from Tamar is leading to a potential record for demand for regional natural gas.

Delek said it expects the down time to result in a loss of about $3.5 million in revenue for the sale of natural gas. The cost of the repair, however, should be minimal.

"The operator has informed the Tamar partners that there is no safety and environmental exposure," the company said.

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

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