Brazil

Marcellus/Utica On Pace for Pipeline Overbuild, Says Braziel

Marcellus/Utica On Pace for Pipeline Overbuild, Says Braziel

The need for more takeaway capacity out of the Marcellus and Utica shales has become a common refrain, but with a long list of projects on tap the Northeast could be headed for a pipeline overbuild, according to RBN Energy LLC President Rusty Braziel.

June 8, 2016
Cascading Events Propel North America’s Unconventional Revolution, Says Braziel

Cascading Events Propel North America’s Unconventional Revolution, Says Braziel

A cascading set of circumstances, brought about in large part by American ingenuity, led to the unconventional natural gas and oil revolution, which in turn has created a new world order for energy markets, according to industry guru Rusty Braziel.

February 23, 2016
Brazil to Remain an LNG Taker, For Now, Consultancy Says

Brazil to Remain an LNG Taker, For Now, Consultancy Says

Brazil’s fuel of the future could be natural gas, but some challenges will have to be overcome if that is to be the case, according to consultancy Wood Mackenzie. While the potential for gas demand is “robust,” the supply side of the equation needs some work, and liquefied natural gas (LNG) imports will continue to be necessary in the years ahead.

December 6, 2013

Industry Brief

The first cargo of liquefied natural gas (LNG) from the Angola LNG plant is on its way to Brazil on the SS Sonangol Sambizanga, one of seven 160,000-cubic meter LNG vessels contracted to the Angola LNG project, one of the largest energy projects on the African continent. Angola LNG is a partnership of Sonangol, Chevron Corp., BP plc, ENI and Total that will gather and process gas to produce and deliver LNG and natural gas liquids (NGL). “First gas at Angola LNG is an important milestone in support of our strategic plan to grow our production,” said George Kirkland, Chevron vice chairman. The $10 billion project will collect and transport gas from offshore Angola to an onshore liquefaction plant on the coast near the Congo River. The project has the capacity to produce 5.2 million metric tons per year of LNG, 63,000 b/d of NGL for export and 125 MMcf/d of natural gas for domestic consumption, Chevron said. “The project represents the first LNG project in Angola, and it is expected to contribute to the development of Angola’s natural gas industry,” said Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production Co. Five and a half years ago it was expected that some supply from Angola LNG would land in the United States (see Daily GPI, Dec. 11, 2007).

June 18, 2013
U.S. Shale Oil Surge Has Operators Looking to Export

U.S. Shale Oil Surge Has Operators Looking to Export

Surging shale oil reserves in the United States led BP plc to apparently secure permission, and Royal Dutch Shell plc to apply, for export licenses to ship U.S. crude oil supplies to Canada and possibly elsewhere.

October 15, 2012

Petrobras Ramps Up Deepwater Chinook Field

Brazil’s Petroleo Brasileiro SA (Petrobras) has launched production at the deepwater Gulf of Mexico (GOM) Chinook field, connecting its second well to the first floating, production, storage and offloading (FPSO) vessel platform in U.S. waters.

September 17, 2012

Petrobras FPSO Ramps Up in Gulf of Mexico

Brazil’s Petroleo Brasilerio SA, better known as Petrobras, has ramped up production from a well connected to the first floating production, storage and offloading (FPSO) vessel platform in the Gulf of Mexico (GOM).

March 5, 2012

Unconventionals a Building Block for Producers Worldwide

A shift by global natural gas and oil companies to unconventionals, liquefied natural gas (LNG) and the deepwater has lifted prospective value growth across the upstream sector by 23% from a year ago, according to new research by industry consultant Wood Mackenzie.

August 24, 2011

BOEM OKs First-Ever FPSO Facility in Gulf of Mexico

Petrobras America Inc., a subsidiary of the Brazil’s Petrobras, Thursday won final approval to begin oil and natural gas production off the coast of Louisiana using a floating production storage offloading (FPSO) facility. This is the first time that this technology will be used in the Gulf of Mexico (GOM), said the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM), which approved the permit and operating plan for the project.

March 21, 2011

Petrobras Tentatively Approved to Build First U.S. FPSO

The Minerals Management Service (MMS) has granted preliminary approval to Petroleo Brasilerio (Petrobras), Brazil’s state-owned oil company, to build the first floating production, storage and offloading (FPSO) facility in the Gulf of Mexico, a company executive said this week.

December 7, 2006