The cost of extracting a barrel of crude oil quadrupled from 1996 to 2014. There are many reasons for this although at least three that have played a major role. First, higher safety standards, excessive documentation, internal processes (we have previously written about how BP was able to cut $10 million by standardizing specifications), and […]
Benchmarking costs in unconventional oil and gas
ADI Analytics is currently working on a study focused on identifying opportunities to further reduce unconventional costs. Specifically, we are focused on identifying the role of new technology, innovation, and best practices. This work will build on ADI Analytics’ extensive prior experience in evaluating and benchmarking upstream drilling and completion costs for both conventional and unconventional […]
Petronas Starts-Up While Other FLNG Projects Struggle
Earlier this year, Petronas launched the world’s first floating liquefied natural gas (FLNG) vessel, PFLNG 1. The vessel is capable of producing 1.2 mtpa of LNG and is located offshore in the Kanowit field ~115 miles southwest of Malaysia. PFLNG 1 marks the first of what could be many FLNG projects worldwide. However, falling oil […]
What Does the Failure of the HAL BHI Merger Mean for M&A in Oilfield Services?
Last week, it was announced that Halliburton would not be following through with its acquisition of Baker Hughes. Meanwhile, in early April, Schlumberger’s acquisition of Cameron was completed. Understanding why the Halliburton Baker Hughes deal fell through while the Schlumberger Cameron deal moved forward offers insight into the outlook for M&A in oilfield services. Fundamentally different […]
Improving Capital Projects with Modularization
Capital projects drive growth in the oil and gas industry and, yet, are plagued by cost and schedule overruns. In 2015 there were an estimated 800 oil and gas projects costing over $500 billion and one-third will end up facing delays. Operators are constantly searching for ways to improve performance, meet schedules, and reduce costs. […]
Natural Gas Utilization via Small-Scale Methanol Technologies
Low natural gas prices have helped in driving new attention and interest to natural gas monetization options, which will play an important role in spurring natural gas demand. One promising gas monetization option is the production of methanol using small-scale plants. Conceptually, small-scale methanol plants offer a number of advantages. The first advantage is that […]
Drivers for LNG Fueled Marine Vessels Vary by Region
Recently, we wrote about how Emission Control Areas (ECA) are one of two major drivers in adopting LNG as a marine fuel. The other driver being the price differential between LNG and diesel fuel. Looking at the number and the location of both planned and operational LNG vessels across the globe can help paint a […]
Will Expanded Emission Control Areas Lead to Faster Adoption of LNG by Marine Vessels?
Large volumes of cheap North American natural gas from unconventional plays are driving companies to monetize the new supply in several different ways. One is to use LNG as a marine fuel. We have briefly touched upon the benefits of using LNG as a marine fuel in a previous article. There are two main drivers […]
A New Role for Small-scale and Peak Shaving LNG Infrastructure
Monetization of the abundant supply of natural gas from unconventional shale plays has been primarily focused on large-scale LNG export projects across North America. The aim of these projects is not to supply LNG for domestic markets, but to supply large markets abroad in Europe and Asia. Domestically, the largest use for LNG is for […]
Two Paths Forward for Natural Gas in Marine Applications
With tighter emissions regulations looming over the heads of marine vessel fleet owners, there is new interest in alternative fuels that are more environmentally friendly than diesel or heavy fuel oil. The expanded supply of North American shale gas is giving fleet owners two environmentally friendly options for alternative marine fuels: LNG and methanol. Both […]
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