Isobutanol burns with less corrosion, holds more of gasoline's energy content allowing longer travel, is cheaper to blend with gas, and is compatible with the current petroleum infrastructure.
FracDock minimizes coiled tubing well intervention procedures while replacing frack plugs during plug and perf. Plugs don’t need to be drilled out and there’s less risk of premature plug setting.
The system will be underpinned by a long-term fee-based contract with Ascent Resources-Utica LLC, a subsidiary of Ascent Resources LLC, which has about 280,000 net acres in Utica and Marcellus.
ConocoPhillips holds a 40% interest in South Natuna Sea Block B, and other companies with participating interests are Chevron, with 25% and Japan's Inpex, which holds 35%, Reuters said.
Depending on the size and nature of the transaction, the amount provided will vary. Roe Patterson, Basic’s president and CEO, said some smaller acquisitions have already been made.
Indian oil refinery complex operator Reliance invested more than $8 billion in its U.S. unconventional gas joint ventures through March, Bloomberg reported. It is considering sale in private matter.
PES would receive controlling interest in crude oil rail-loading facility handling 210,000 barrels per day, nearly 1 million barrels of oil storage and 39-mile pipeline in North Dakota, Bloomberg said.
Under deal with Enterprise Partners, feedstock may be used in U.S. or exported, acting CEO Yousef al Benyan told Bloomberg. Saudi Basic Industries Corp. converted U.K. crackers to produce olefins.
A joint-venture entity will acquire and develop Williston Basin nonoperated assets. Merced will fund the joint venture with an initial $50 million target investment. Merced will approve investments.
Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.
The 13-well EOR project is in Caldwell County, Texas, and 12 of the wells are proved productive vertical oil wells. Of this group, two will become water injection wells.
|S&S||USD 14800||Members only||Cameron International Corp.|
|E&P||USD 850||Members only||Encana Corp.|
|E&P||USD 1750||Members only||Cobalt International Energy Inc.|
|Mid||USD 185||Members only||WPX Energy Inc.|