Petroleum production

Worldwide Liquefied Petroleum Gas (LPG) Cylinder Industry to 2025 - Key Drivers, Challenges and Trends - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 27, 2021
Oil, Gas, Energy, Petroleum production, Liquefied petroleum gas, LPG, Welfare in India, Fuel gas, Omera LPG

The "Global Liquefied Petroleum Gas (LPG) Cylinder Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Liquefied Petroleum Gas (LPG) Cylinder Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
  • The publisher has been monitoring the liquefied petroleum gas (LPG) cylinder market and it is poised to grow by $407.60 million during 2020-2024, progressing at a CAGR of 4% during the forecast period.
  • The report on liquefied petroleum gas (LPG) cylinder market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The liquefied petroleum gas (LPG) cylinder market analysis includes type segment and geographical landscapes.

Tellurian and Gunvor Sign 10-year LNG Agreement for 3 mtpa

Retrieved on: 
Thursday, May 27, 2021
Energy, Transport, Logistics, Supply chain management, Oil, Gas, Fuels, Liquefied natural gas, Petroleum production, Natural gas, Gunvor, Petroleum industry, Tellurian Inc, Petronet LNG

The LNG would be delivered free on board (FOB) from Tellurians Driftwood LNG, a 27.6 mtpa liquefaction facility proposed near Lake Charles, Louisiana in the United States Gulf Coast.

Key Points: 
  • The LNG would be delivered free on board (FOB) from Tellurians Driftwood LNG, a 27.6 mtpa liquefaction facility proposed near Lake Charles, Louisiana in the United States Gulf Coast.
  • We welcome Gunvor, the largest independent global trader of LNG volumes, to Driftwood and look forward to providing a cleaner fuel to meet growing global energy needs and enable energy access.
  • Executive Vice President LNG Marketing & Trading Tarek Souki added, Our business model creates significant value for Tellurian; at todays LNG prices, this agreement represents the equivalent of approximately $12 billion in revenue over the 10-year term of the agreement.
  • Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline.

Kanfer Shipping AS Signs Shipbuilding Contract With Taizhou Yard for Construction of Two LNG Bunker Vessels

Retrieved on: 
Wednesday, May 26, 2021
Other Energy, Utilities, Oil, Gas, Alternative energy, Energy, Maritime, Logistics, Supply chain management, Transport, Liquefied natural gas, Petroleum production, Kanfer, Chemistry, Physical sciences

Kanfer Shipping AS (Kanfer), the Norway-based shipping company focusing on small-scale LNG sea transportation and LNG bunkering, today signed shipbuilding contract with China-based Taizhou Wuzhou Shipbuilding Industry Co. Ltd (Taizhou) for the construction of its first two small-scale LNG bunker and distribution ships with 6,000 cbm tank capacity each.

Key Points: 
  • Kanfer Shipping AS (Kanfer), the Norway-based shipping company focusing on small-scale LNG sea transportation and LNG bunkering, today signed shipbuilding contract with China-based Taizhou Wuzhou Shipbuilding Industry Co. Ltd (Taizhou) for the construction of its first two small-scale LNG bunker and distribution ships with 6,000 cbm tank capacity each.
  • View the full release here: https://www.businesswire.com/news/home/20210526005689/en/
    Mr. Stig Hagen, Founder and CEO of Kanfer Shipping and Mr. Pan Xuejian, President of Taizhou Wuzhou Shipbuilding Industry Co. Ltd. sign the shipbuilding contract for the construction of its first two small-scale LNG bunker and distribution ships.
  • This relationship and their competitiveness have made Taizhou an ideal choice for construction of Kanfers 6,000 cbm capacity small-scale vessels, says Founder and CEO Stig Hagen of Kanfer Shipping.
  • Brd Nordberg, has been leading the design & construction of 10 small-scale gas carriers at the shipyard, including several LNG vessels.

Well Data Labs Announces Partnership with Ubiterra

Retrieved on: 
Wednesday, May 26, 2021
Petroleum production, Boreholes, Geosteering, UST, Technology

DENVER, May 26, 2021 /PRNewswire-PRWeb/ -- Well Data Labs, Inc. today announces it has entered into a strategic partnership with Ubiterra Corporation to provide E&P customers with a comprehensive solution for the analysis of real-time and post job completions, drilling, and geosteering data.

Key Points: 
  • DENVER, May 26, 2021 /PRNewswire-PRWeb/ -- Well Data Labs, Inc. today announces it has entered into a strategic partnership with Ubiterra Corporation to provide E&P customers with a comprehensive solution for the analysis of real-time and post job completions, drilling, and geosteering data.
  • Founded in 2014, Well Data Labs has quickly emerged as an innovator in oil and gas data analytics and machine learning.
  • With this partnership, we are poised to continue delivering leading-edge technologies that drive value across multiple disciplines," said Joshua Churlik, CEO of Well Data Labs.
  • About Well Data Labs - Well Data Labs Inc., a Denver-based Software as a Service (SaaS) company, was founded with a focus on solving the problems the Upstream Oil & Gas Industry has with managing, analyzing, and reporting technical well data.

Insights on the Artificial Lift Global Market to 2026 - Key Drivers, Restraints and Opportunities - ResearchAndMarkets.com

Retrieved on: 
Wednesday, May 26, 2021
Other Manufacturing, Manufacturing, Pumps, Petroleum production, Oil wells, Artificial lift, Energy technology, Gas lift, Pumpjack, Elevator, Lift, Energy

As per the market based on type, the market is categorized into ESP, PCP, Gas Lift, Rod lift, others.

Key Points: 
  • As per the market based on type, the market is categorized into ESP, PCP, Gas Lift, Rod lift, others.
  • These benefits of rod lift, beam lift, or sucker lift type are anticipated to fuel artificial lift demand in the forthcoming years.
  • Thus, the increasing requirement of avoiding gas and corrosion management while artificial lift operations drive the rod lift segment.
  • According to the regional market analysis of the artificial lift market, the North America region has registered the market's maximum share.

Insights on the Crude Oil Flow Improvers Global Market to 2026 - Featuring Ashland, Baker Hughes and BASF Among Others - ResearchAndMarkets.com

Retrieved on: 
Monday, May 24, 2021
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Physical sciences, Chemistry, Natural sciences, Petroleum production, Piping, Petroleum, Asphaltene, Hydrogen sulfide, Asphalt, Drag reducing agent

Crude oil flow improvers are widely used in oil & gas industries and are expected to grow rapidly during the forecast period.

Key Points: 
  • Crude oil flow improvers are widely used in oil & gas industries and are expected to grow rapidly during the forecast period.
  • Crude oil flow improvers help in the free-flowing of crude oil products, asphalt-crude, and multiphase systems.
  • Crude oil flow improvers include drag-reducing agents, scale, paraffin, asphaltene, hydrate, biocide, hydrogen sulfide, iron sulfide, foam inhibitors, etc., which improve flow efficiency.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for crude oil flow improvers market in the Middle-East during the forecast period.

The Worldwide Distributed Temperature Sensing Industry is Foretasted to Grow at a CAGR of 6.82% Between 2020 and 2026

Retrieved on: 
Friday, May 21, 2021
Sensors, Fiber optics, Manufactured goods, Measuring instruments, Petroleum production, Equipment, Technology, Distributed temperature sensing, Time-domain reflectometer, Reflectometry, Distributed acoustic sensing, Fiber-optic sensor

Technological advancements coupled with rapid development in detection of very small changes in the temperature are driving the growth of the distributed temperature sensing market.\nThe Global Distributed Temperature Sensing Market can be bifurcated into operating principle, fiber type, application and region.

Key Points: 
  • Technological advancements coupled with rapid development in detection of very small changes in the temperature are driving the growth of the distributed temperature sensing market.\nThe Global Distributed Temperature Sensing Market can be bifurcated into operating principle, fiber type, application and region.
  • On the basis of operating principle, the market can be divided into optical time domain reflectometry and optical frequency domain reflectometry.
  • The distributed temperature sensing market, on the basis of application, can be bifurcated into oil & gas, power cable monitoring, process & pipeline monitoring, fire detection and environmental monitoring.
  • United States is the largest contributing country in the region with 54.79% market shares, followed by Canada and Mexico.

Flex LNG First Quarter 2021 Earnings Release

Retrieved on: 
Friday, May 21, 2021
Liquefied natural gas, Petroleum production, Admiralty law, Chartering, Chemistry, Physical sciences

b'Flex LNG Ltd. ("Flex LNG" or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced its unaudited financial results for the first quarter and three months ended March 31, 2021.\nRevenues of $81.3 million for the first quarter 2021, compared to $67.4 million for the fourth quarter 2020.\nNet income of $47.2 million and earnings per share of $0.88 for the first quarter 2021, compared to $25.8 million and earnings per share of $0.48 for the fourth quarter 2020.\nAverage Time Charter Equivalent ("TCE") rate of $75,399 per day for the first quarter 2021, compared to $73,712 per day for the fourth quarter 2020.\nAdjusted EBITDA1 of $64.0 million for the first quarter 2021, compared to $50.2 million for the fourth quarter 2020.\nAdjusted net income of $34.2 million for the first quarter 2021, compared to $24.2 million for the fourth quarter 2020.\nAdjusted earnings per share of $0.64 for the first quarter 2021, compared to $0.45 for the fourth quarter 2020.\nIn January 2021, the Company took delivery of its eleventh and twelfth newbuilding LNG carriers, Flex Freedom and Flex Volunteer, which immediately commenced short-term time charters at attractive rates.\nIn April 2021, the Company announced time charter agreements with Cheniere for the attractive long-term time charters of four vessels, with an option for a fifth vessel.

Key Points: 
  • b'Flex LNG Ltd. ("Flex LNG" or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced its unaudited financial results for the first quarter and three months ended March 31, 2021.\nRevenues of $81.3 million for the first quarter 2021, compared to $67.4 million for the fourth quarter 2020.\nNet income of $47.2 million and earnings per share of $0.88 for the first quarter 2021, compared to $25.8 million and earnings per share of $0.48 for the fourth quarter 2020.\nAverage Time Charter Equivalent ("TCE") rate of $75,399 per day for the first quarter 2021, compared to $73,712 per day for the fourth quarter 2020.\nAdjusted EBITDA1 of $64.0 million for the first quarter 2021, compared to $50.2 million for the fourth quarter 2020.\nAdjusted net income of $34.2 million for the first quarter 2021, compared to $24.2 million for the fourth quarter 2020.\nAdjusted earnings per share of $0.64 for the first quarter 2021, compared to $0.45 for the fourth quarter 2020.\nIn January 2021, the Company took delivery of its eleventh and twelfth newbuilding LNG carriers, Flex Freedom and Flex Volunteer, which immediately commenced short-term time charters at attractive rates.\nIn April 2021, the Company announced time charter agreements with Cheniere for the attractive long-term time charters of four vessels, with an option for a fifth vessel.
  • The charter will commence in the first or second quarter 2022 in direct continuation of its existing time charter and the Charterer will declare the firm period in the third quarter 2021.
  • The Charterer has the option to extend the period by an additional two years bringing the total period to five or seven years.
  • This provides us with strong earnings visibility with about 88% of the days from Q2 to the year end already covered.

First Nations Limited Partnership “incredibly Disappointed” by Woodside Petroleum’s Decision to Join Chevron Canada in Its Plan to Exit the Kitimat LNG Project

Retrieved on: 
Thursday, May 20, 2021
Oil, Gas, Energy, Environment, Other Energy, Utilities, Liquefied natural gas, Petroleum production, Kitimat, Fuels, Geography of Canada, Chemistry

\xe2\x80\x9cThrough the years, our steady partnership has been absolutely vital to advancing the project, particularly through the complex regulatory process.

Key Points: 
  • \xe2\x80\x9cThrough the years, our steady partnership has been absolutely vital to advancing the project, particularly through the complex regulatory process.
  • \xe2\x80\x9cBut we knew we had negotiated a good agreement regarding this LNG pipeline for our members.
  • PTP is a proposed 480-kilometre natural gas pipeline that would run from Summit Lake to Kitimat, British Columbia.
  • It is the pipeline component of the proposed Kitimat LNG project.\n'

Höegh LNG Partners LP - Invitation to Presentation of First Quarter 2021 Results

Retrieved on: 
Thursday, May 20, 2021
Fuel gas, Petroleum production, Fuels, Energy, Industrial gases, Petroleum industry, Regasification, Liquefied natural gas, Floating production storage and offloading

b'Hegh LNG Partners LP is a growth-oriented limited partnership formed by Hegh LNG Holdings Ltd. a leading floating LNG service provider.

Key Points: 
  • b'Hegh LNG Partners LP is a growth-oriented limited partnership formed by Hegh LNG Holdings Ltd. a leading floating LNG service provider.
  • HMLP\'s strategy is to own, operate and acquire floating storage and regasification units ("FSRUs") and associated LNG infrastructure assets under long-term charters.
  • It has interests in five FSRUs that have an industry leading average remaining firm contract duration of 8.3 years plus options as of March 31, 2021.\nThe IGB Group, Bryan Degnan, +1 (646) 673-9701 / Leon Berman, +1 (212) 477-8438\n'