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  2. They are not going to get off coal, It’s completely bullshit they are pushing, They will continue to use the cheapest fuel available to expand and help fake the value of their currency. The United States is so stupid, when Obama came to office we had 100 thousand Chinese students at major colleges, by the end it was 300 thousand and they stole any and all technology they could and took it with them. Now there are 2 large scale projects recently discovered where they are installing nuke silos adding hundreds of ICBM’s! We will be in a war with them coming very soon and Russia will back them!

  3. GREEN NEW DEAL = BLIZZARD OF LIES

    JoMack replied to topic's turbguy in Oil (General)

    Ugh. That's gonna impact bottom ash disposal...

  4. U.S. Presidential Elections Status - Electoral Votes

    Dan Warnick replied to topic's turbguy in Geopolitics

    I can see no difference between a public bulletin board with rules, and a "Twitter" with rules. If you don't follow the rules, the bulletin board operator marks your post appropriately, pulls down your posting, or decides to remove your posting PRIVILEGES! If you don't like the rules, post elsewhere.

  5. Should the US government be on the hook for $15 billion?

    Ward Smith replied to topic's Jay McKinsey in Oil (General)

    A healthy economy with record levels of homelessness, yeah that sounds right. You just can't wrap your head around the fact that renewable energy is not imported. Yeah Trump eliminated regulations on pollution and destruction of the environment. No we are not headed toward inflation or stagflation. Current increased prices are due to sudden increase in demand while supply is still suffering from Covid issues. How can we know this right now? After spiking to all time highs the price of lumber is back to below its 2017 high. Give it a few more months and it will be back to 2019 levels (if Covid doesn't mess it up). Other commodities will soon follow.
  6. Yesterday
  7. Control water, and you easily control money. Which would you rather consume?
  8. The maritime industry faces challenges in adopting new technologies and operational practices to reduce emissions of carbon and other greenhouse gases. Panos Koutsourakis, ABS Director of Sustainability Strategy, Singapore, explains why methanol as a marine fuel is one of the near-term solutions. View the full article

  9. FET to deliver next-generation ROVs to DOF Subsea

    a blog entry posted hemanthaa@mail.com in Crude Oil Futures

    Forum Energy Technologies, Inc. announced that it has secured an order from DOF Subsea to supply two of its improved 200HP Perry XLX-C work-class remotely operated vehicles. View the full article
  10. Yep!! Dam straight…
  11. ExxonMobil reported a significant discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality, oil-bearing sandstone reservoirs. View the full article
  12. Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has and Interior Secretary Deb Haaland struggled Tuesday to explain why. View the full article
  13. They have a wonderful ride and about every option you could want. I have heard you can go up to about $80,000 maxed out and extra long. My van does have 12 roomy leather seats and the basic options for $41,000 and rides like a pickup truck.
  14. Last week
  15. Oceaneering International and DDK Positioning Limited have entered into an agreement for the provision of GNSS augmentation service and all associated software and hardware supporting Oceaneering’s C-Nav Positioning Solutions group offerings. View the full article
  16. Halliburton Company introduced ExpressFiber, a single-use fiber optic cable that offers accurate, direct subsurface measurements, including cross-well communication, at a price point that enables fracture monitoring on every well pad. View the full article
  17. Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels to the Basra Oil Company for use on the Majnoon Oil Field in southern Iraq. View the full article
  18. British Isles seabed regulator The Crown Estate has confirmed an intention to move forward with the lease process for two 100MW floating wind test and demonstration sites in the Celtic Sea to Llŷr Floating Wind Limited. View the full article

  19. Tesla is the Most American Made Car!

    Jay McKinsey replied to topic's Jay McKinsey in Renewables

    Wrong again. Nothing like consistency. The numbers that were posted earlier were: These numbers are from the report I cited. "Each year, from 2014 to 2016, an estimated 171,500 highway vehicle fires occurred in the United States, resulting in an annual average of 345 deaths; 1,300 injuries; and $1.1 billion in property loss.1 These highway vehicle fires accounted for 13 percent of fires responded to by fire departments across the nation.2 The term “highway vehicle fires” includes fires in passenger road vehicles (e.g., cars, motorcycles and off-road recreational vehicles), freight road transport vehicles (e.g., dump trucks, fire apparatus and tank trucks), and agricultural and construction vehicles." https://www.usfa.fema.gov/downloads/pdf/statistics/v19i2.pdf NFIRS data is directly reported by 24,000 fire departments not just a few counties. It is not a survey. It is reporting of actual data: "Fire department guidance Your state NFIRS office will set the rules on when and how you should report your incident data; however, at a minimum, the USFA recommends that fire departments submit their data to their state NFIRS program offices at monthly intervals. Departments using the USFA software or web-based application can submit their incident data as they perform the data entry process to provide real-time reporting of incident data to their state. If your department has no incidents during the month, you should submit a report of “no activity” to your state for the reporting period." As to the USPS why do you think they are telling the truth and not the fire departments? USPS is incentivized to minimize failures. Ultimately though it can also be that the LLV is just not that perceptible to fire. USPS lists "Approximately 190,000 deliver mail" Since May 2014, at least 407 LLVs have been damaged or destroyed in fires, or approximately one every five days, according to documents obtained by Motherboard via a Freedom of Information Act request. Article published July 2020. So 68 fires a year. Using NFIRs data and the acutal number of mail deliver vehicles the number of expected fires would be 160 per year. Now comes the real problem with your analysis. The LLV is not a typical car. These vehicles were built to be a lot tougher. The trials they had to win were extreme to say the least. From the Topical Fire Report that I cited: "Forty-six percent of the items first ignited in highway vehicle fires fell under the category of “general materials” (Figure 5).12 This category includes materials such as tires, insulation around electric wire and cables, trash, and fabric. Specifically, insulation around the electrical wiring or other cables was the most common item to initially ignite, not only within this category but in all highway vehicle fires (29 percent). While it is often assumed that vehicle fires commonly originate with the tires of the vehicle, tires were the item first ignited in only 6 percent of all highway vehicle fires." Well fascinatingly the LLV doesn't have much in the way of trash, fabric or electric cables compared to a car. I also suspect that those cables were much better insulated and connected in order to survive the endurance trials they were designed for. Conclusion - USPS mail vehicles suffered fires at half the rate of civilian cars but they were also built to much higher endurance standards and had none of the extra materials such as fabric, trash or numerous electrical cables that cars do. It is completely reasonable that they would have half the fires.
  20. By leveraging the combined strengths of their digital oilfield solutions, the partnership provides a single, unified solution to accelerate innovation and optimize every completions operation. View the full article

  21. California breaks 1 GW energy storage milestone

    Jay McKinsey replied to topic's specinho in Renewables

    There has been a book about supercomputer, virtual game the owner and the invited guest played...... It might have mentioned one could actually feel virtual touch and virtual warmth...... with the right techniques... 500% of measurement error?? How ironic that it is called a smart meter....... Can someone invent a dummy current stabilizer that could be placed next to the meter please?

  22. Weightage of oil and gas Industries.

    Anisha fatima replied to topic's Eric Gagen in Oil (General)

    To give a slightly expanded answer, natural gas is only produced and used in significant quantitates in a few places in the world, and it's not heavily traded internationally the same way that oil is. Where it is in use, it's a critical, and sometimes dominant factor in national economies, but it can and is easily substituted with other forms of energy in most places where it is not available. The general lack of international trade in natural gas, and the availability of substitutes mean that natural gas rarely rises to the level of financial or political attention that oil does. Natural gas trades at a very steep discount to oil on a per unit energy basis - typically you can purchase 5 times the energy equivalent in natural gas for the same price as one unit of oil. Except for a few countries and companies which have focused on natural gas, it is usually the case that the financial impact of oil production and sales dramatically exceeds that of natural gas production and sales, often to such a degree that the natural gas contribution is negligible.
  23. The transactions are the latest evidence that major oil companies are coming out of the Covid-19 downturn with the intention of channeling extra investment into renewable energy. Eni, like its European peers, has pledged to achieve net-zero carbon emissions by the middle of this century. View the full article

  24. WTI / ​​​​​​​Price Forecasting 

    a topic posted Dr.Masih Rezvani in Oil Trading

    What is the impact of the Delta virus on oil prices?

  25. What is the impact of the Delta virus on oil prices?

    نفت.jpg

  26. This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest gas (and a little oil) production data, from all 10,163 horizontal wells in Pennsylvania that started producing from 2010 onward, through May. Total production Natural gas production in Pennsylvania was flat month over month in May, at 20.2 Bcf/d (hz. wells only). Year over year growth was 1.4 Bcf/d, despite that last year only 560 wells were completed, the lowest in over a decade. How was that possible? Well productivity In the ‘Well quality’ tab, you will find the production profiles of all these wells, and you can clearly see that well productivity improved again significantly in 2020. This can also be nicely viewed in the following chart from our Production Profiles dashboard: Average horizontal well performance in Pennsylvania. Average natural gas production rate vs. cum. production, by vintage. The 561 horizontal wells completed in 2020 recovered 2.3 Bcf of natural gas in the first 6 months on production, and were still flowing at over 10 thousand Mcf/d at that point, on average. Terminal decline rates What kind of decline rates are we observing for older wells with about 10 years of production behind them? To answer that question, we developed the Terminal decline rates dashboard: Natural gas production rates and annual decline rates in Pennsylvania by vintage. Older horizontal wells only. The top chart displays the average production rate of horizontal wells in Pennsylvania, by vintage and number of years since production start. The bottom chart displays the effective annual decline rates for the same wells. You can now easily observe that the horizontal wells that were completed in 2010/11 are now, after 10 years, doing on average 500 Mcf/d (top chart) and that their effective annual decline rate has fallen to about 7-8% a year. Top operators In the final tab (“Top operators”), the top 10 natural gas producers in Pennsylvania are displayed, with EQT and Chesapeake in the lead. Most of these operators were at or near their historical output record in May. Finally Unfortunately we couldn’t make it to the URTeC this week, due to the travel restrictions still in place. We hope all participants have a great event nonetheless! Later this week we will have a new post on the Haynesville. Production data is subject to revisions. Sources For this presentation, I used data gathered from the following sources: Pennsylvania Department of Environmental Protection FracFocus.org Visit our blog to read the full post and use the interactive dashboards to gain more insight: https://bit.ly/3x7A1Kq Follow us on Social Media: Twitter: @ShaleProfile LinkedIn: ShaleProfile Facebook: ShaleProfile
  27. The platform now enables operators to integrate DAS data with offset pressure, microseismic, tracers, logs, and geologic information for a 360-degree interpretation of the physics driving well, pad, and unit development performance. View the full article
  28. The Whale development, owned by Shell Offshore Inc. and Chevron U.S.A. Inc., is expected to reach peak production of approximately 100,000 barrels of oil equivalent per day and currently has an estimated, recoverable resource volume of 490 million barrels of oil equivalent. View the full article
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