The sponsor of an Alaska LNG export terminal at Nikiski and cross-state pipeline from Prudhoe Bay selected Bank of China and Goldman Sachs as global capital coordinators for the multibillion-dollar project. The two investment banks will assist Alaska Gasline Development Corp. in raising equity and debt financing.   Source: News

Light, sweet crude oil prices for May delivery gained by more than 50¢ to approach $65/bbl on the New York market Mar. 29 during the holiday-shortened week that ended the first quarter of 2018. Source: News

Global refiners are facing the need to modify their product slate to conform to increasingly strict environmental regulations by 2020 for fuel oil burned at sea. Chevron Lummus Global examines a series of revamp options available to refiners to meet the International Maritime Organization’s new bunker fuel regulations while maximizing the economic benefits of their […]

India’s state-owned Bharat Petroleum Corp. Ltd. (BPCL) has let a contract to Petrofac Ltd. to provide engineering, procurement, and construction services for a project to increase production of Bharat Stage 6-quality fuels (equivalent to Euro 6) at its refinery near Kochi, at Ambalamugal, Ernakulam district, in the Indian state of Kerala. Source: News

Geared to young and seasoned professionals alike, “Beyond back-to-basics: Process principles and concepts” is a new series of articles designed to present a straightforward approach to mastering the principles and concepts all process engineers should be able to apply without the need of a computer. In this fifth installment, industry veteran Norm Lieberman explains how […]

Even with offshore field development having slowed in the wake of the 2014 oil price collapse, a variety of subsea pipeline projects remain in development. Each meets the producers’ need to rationalize the paths by which their hydrocarbons get to market, some of the larger projects taking land-based production to land-based consumers even as growth […]

Stratigraphic traps made headlines in 2017 with the discovery of an estimated 1 billion boe of recoverable resources in the Stabroek block offshore Guyana within the Payara, Snoek, and Turbot discoveries. Despite this play types’ large resource potential, the industry still perceives stratigraphic traps as having higher geological risk. With remaining accumulations more likely to […]