GE Oil & Gas is joining with BP plc and Denmark’s Maersk Drilling to build the industry’s first 20,000 psi-rated deepwater blowout preventer (BOP) stack and riser system. The equipment, expected to enter service in 2018, is being supplied for BP’s Project 20K program, a multi-year initiative launched in 2012 to develop next-generation systems and tools to unlock frontier deepwater resources (see Daily GPI,Nov. 13, 2012). Maersk came aboard in early 2013 to develop conceptual engineering designs for advanced drilling rigs. GE would design, test and manufacture the BOPs and risers at the recently expanded Houston Technology Center.
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Northeast, East Lead Broad Gains; Futures Rebound On Short Covering
Physical gas for Wednesday delivery gained ground in Tuesday’s trading with advances across both market centers and producing regions. Largest advances were seen in the Northeast and East as forecasters called for warm temperatures and oppressive humidity.
June 24, 2014
Rockies Express Files Its Appalachian Basin Escape Plan
Rockies Express Pipeline LLC (REX) has filed with the FERC for a project that would create 1,200,000 Dth/d of east-to-west firm capacity within the pipeline’s Zone 3.
June 23, 2014
SNC-Lavalin Sees North American Unconventional Growth in Merger
Canada services giant SNC-Lavalin Group Inc. is merging with Kentz Corp. Ltd. to create a global tier one engineering and construction (E&C) firm with a bigger presence in key growth regions, including North America’s onshore, management said Monday.
June 23, 2014
Supreme Court Limits, Slightly, EPA Program to Regulate GHGs
The U.S. Supreme Court on Monday took away a small piece of the U.S. Environmental Protection Agency (EPA) permit program to control greenhouse gas (GHG) emissions from stationary sources such as power plants.
June 23, 2014
Magnum Hunter Forms Third Utica JV
As it continues to narrow its focus on the Appalachian Basin, Magnum Hunter Resources Corp. announced its third joint venture (JV), agreeing to further develop acreage in the southernmost tip of Ohio’s Utica Shale with privately held EdgeMarc (EM) Energy Ohio LLC.
June 23, 2014
Permian Driller Viper IPO Exceeds Expectations, but Ohio-Focused Eclipse Fails to Impress
Diamondback Energy Inc.’s unique Permian Basin subsidiary Viper Energy Partners LP on Monday completed its better-than-anticipated initial public offering (IPO), which was continuing to draw enthusiastic investors to begin the week.
June 23, 2014
U.S. Natural Gas Markets Solving Pre-Winter Inventory Fill, Say Analysts
U.S. natural gas storage remains dominated by the lingering effects of an extremely cold winter, but it’s on track for record summer storage, Credit Suisse analysts said Monday.
June 23, 2014
Transco Lateral Would Serve New Maryland Power Plant
Williams’ Transcontinental Gas Pipeline Corp. (Transco) has filed at FERC for its Rock Springs Expansion Project, which would carry fuel to a new gas-fired power plant in Cecil County, MD.
June 23, 2014
Cooler Weather Expected to Aid Storage Build Throughout Summer
Cooler-than-normal temperatures are expected to persist across much of the country for the remainder of the summer months, with above-normal heat expected to linger in a handful of Southeast and western states, according to forecasters at Weather Services International (WSI).
June 23, 2014
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