Rystad Energy says gas flaring in Permian Basin worse than previously thought

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:The burning and releasing of vast amounts of natural gas into the atmosphere in America’s top shale basin is much bigger than previously thought when processing plants are included, Rystad Energy found.Research on the controversial practices of flaring and venting – described by shale pioneer Scott Sheffield as a “black eye” for the Permian Basin — has typically focused on emissions by oil producers at the wellhead.But gas-processing facilities in the region are receiving more gas than they can handle, so they burned off or released about 190 million cubic feet per day of the fuel last year, raising the total by 30% to roughly 810 million, data from Oslo-based Rystad shows. That’s almost enough gas to supply 5 million U.S. homes.“With the inclusion of estimates for gas plant-related flaring, we observe a significant increase in total Permian flaring and venting compared to our previous update,” the consultancy said in a report.Flaring has become a major source of negative attention for Permian oil producers in Texas and New Mexico as concerns about greenhouse-gas emissions and climate change grow among consumers and investors. Permian drillers burn or release the gas that comes out of wells as an unwanted byproduct because they lack pipelines to send it where it’s needed.Rystad, a leading provider of flaring and venting data, uses information from the U.S. Environmental Protection Agency, the Texas Railroad Commission, which regulates oil and gas in the state, and its own estimates. The dearth of good-quality data means that total flaring volumes are likely underreported, according to Rystad. Of the Permian’s 50 smallest operators, only seven posted any flaring at all, meaning there are “obvious gaps” in the data, the consultancy said.[Kevin Crowley]More: Permian’s gas flaring is much worse than previously thought Rystad Energy says gas flaring in Permian Basin worse than previously thoughtlast_img read more

Chile Will Grant Facilities to Bolivia at Northern Port of Iquique

first_img Bolivia and Chile agreed in La Paz, at a meeting of deputy foreign ministers, to expand the northern Chilean port of Iquique in order to facilitate Bolivian exports, in addition to continuing to discuss Bolivia’s century-old ambition for a route to the sea. “With regard to Iquique, agreement was reached on an expansion of the port area, as well as on the facilities to be provided in the area outside the port,” the Bolivian deputy foreign minister, Mónica Soriano, affirmed following the meeting with her Chilean counterpart, Fernando Schmidth, which began Monday. Soriano explained that commissions from the two countries “will shortly go on to define the operational aspects for the provision of facilities at the port of Iquique and the immediate signing of the diplomatic notes to be exchanged.” Schmidth noted for his part that “it was agreed to provide facilities at the port of Iquique for the free-transit regime” in favor of Bolivia, “in which it will join the ports of Arica and Antofagasta.” With regard to Bolivia’s century-old maritime claim, Soriano said, “We have agreed to address the issue through concrete, feasible, and useful proposals, and this will take place at the next meeting of the consultation mechanism and at subsequent meetings.” Bolivia had sought the establishment at this meeting in La Paz of a “road map” by Chile to address its ambition to have a sovereign route to the Pacific Ocean, something it lost in a war at the end of the nineteenth century. The two countries are engaged in dialogue on a thirteen-point agenda, agreed in 2006, even though they have been without diplomatic relations since 1978. The next deputy foreign ministers’ meeting will be in Santiago in November. By Dialogo July 16, 2010last_img read more

Your brand is more cultural than collateral

first_imgDuring a recent discussion about branding with a credit union marketing audit client, a recurring theme surfaced. The client referred to specific marketing collateral (such as the logo, corporate colors, brochures, etc.) as the brand.This is a not an uncommon misunderstanding. While specific marketing collateral like your logo, brochures and commercials are definitely a part of your brand, they are not the totality of your brand. When seeking a way to define this somewhat vague notion, the point I emphasized was:Your brand is much more cultural than collateral.Again, this misunderstanding about brand is not unique to this particular client. Many banks and credit unions, and their marketing leadership teams, default to defining brand as something collateral. In reality, your collateral (while important) is a relatively small part of your overall brand. The brand itself goes much deeper, straight to the cultural heart of your financial institution. continue reading » 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

NYS ski resorts allowed to reopen at 50% capacity in November

first_imgNEW YORK (WBNG) – Governor Andrew Cuomo has announced New York state ski resorts will be allowed to open at 50% capacity beginning November 6th. Masks required at all times, except when eating/drinking or skiing.Social distancing between parties required at all times.Restrict gondolas/lifts to members of the same party.Limit ski lessons to no more than 10 people.Thorough cleaning and disinfection of shared/rented equipment.Shuttles, food & beverage, retail service must conform to State-issued guidance.Reduce outdoor capacity on mountain by 25% during “peak” days or if multiple trails are closed due to unseasonable conditions. State guidance on the reopening of ski resort precautions includes: The Governor says strict health and safety precautions will be required. “Beginning next month, Ski resorts will be allowed to reopen with limited indoor capacity, which will allow New Yorkers to have some outdoor activity this winter without having to quarantine when they come back,” Governor Cuomo said.last_img read more

They think you’re their cash cow

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Going places

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Asian, European investors express interest in Kualanamu development project

first_imgThe airport operator is seeking a strategic partner to help expand Kualanamu airport’s capacity to welcome international arrivals, allowing it to compete with the regional hubs of Changi International Airport in Singapore, Kuala Lumpur International Airport and Suvarnabhumi Airport in Bangkok.  “The candidates must have the capability to boost international traffic to Kualanamu and make it a regional hub for destinations in East Asia and South Asia,” said Awaluddin. “Together, we will redesign and improve Kualanamu’s capacity,” he said, expressing hope the airport could become as important as Soekarno-Hatta International Airport in Tangerang, Banten. Kualanamu is more strategically located than Soeakarno-Hatta as it closer to many Asian countries, such as China, Singapore, Thailand and Malaysia, as well as countries in the Middle East and Europe. As many as 39 local and foreign investors have expressed interest in partnering with state-owned airport operator PT Angkasa Pura II to develop Kualanamu International Airport in Medan, North Sumatra, into a world-class regional hub.Angkasa Pura II president director Muhammad Awaluddin said the majority of the companies came from East Asia, West Asia, Southeast Asia and Europe, while eight were Indonesian companies.“We plan for the selection process to be completed by the fourth quarter of 2020,” he said in Jakarta on Monday, adding that his company would be open to proposals until June. Topics :center_img However, international flights to the airport account for only 11 percent of its total traffic.“The target is for international flights to account for 40 to 45 percent of the airport’s traffic,” he said.  Angkasa Pura II plans increase the airport’s capacity to 40 million passengers per year from 8 million at present.last_img read more

The seven common mistakes costing landlords money

first_imgLandlords who try and cut costs could end up paying more in the long run.PROPERTY investors like anyone else, like to save money where they can, but experts have warned cutting costs can actually lead to bigger financial blowouts.When property becomes a business there is the temptation to cut corners to save on costs, according to Abigail Koch, of comparethemarket.com.au.“Property is unlike other business models, because what is regarded as a business by the investor is also a home for the tenant,’’ she said.These are the 7 big cost cutting mistakes investors make: DIY property management. Agent fees (usually between 5 per cent to 12 per cent) of weekly rent) may seem like a lot of money for nothing, But Ms Koch said it was a small price to pay for professional work. Landlords who managed their own properties without expertise in things such as handling the advertising, lodging lease agreements and bond forms and screening tenants, could risk paying more in the end. A poor screening process. If potential tenants are not screened properly you could end up with someone who doesn’t look after your property.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by Potential tenants might seem fine, but make sure you screen them properly.“Landlords should know if their property managers are checking that applicants can afford the rent, have a good credit record – including a history of on-time rental payments – are making reference checks, and vetting applicants through a tenant database,’’ she said. Failing to act on tenant requests. If you don’t fix urgent repairs in a timely manner your tenant may be able to break their lease. “Tenants may legally be able to break a lease if the property becomes uninhabitable, leaving the landlord out of pocket for rent,’’ she said. Failing to comply with safety requirements. Landlords are responsible for the safety and well being of their tenants and can be fined if they don’t meet legislated requirements such as installing smoke alarms and secure pool fencing. Discriminating against tenants. You can choose a suitable tenant but you can’t discriminate. If found guilty of rejecting a tenant on the basis of ethnicity or age landlords could face heavy fines under State anti-discrimination laws Skipping landlord insurance. Building insurance may cover repairs to your property, but if the damage makes your home uninhabitable, only landlord insurance would cover the loss of rent. Asking for a rent way above market rate. If the asking rent is too high, you may struggle to find a tenant or you only find shorter term tenants. Constant turnover of tenants could result in higher maintenance costs or period of vacancy with no rent coming in.last_img read more

PGS gears up for seismic survey off Papua New Guinea

first_imgSeismic services provider PGS will start the Painimaut 3D MultiClient program in Papua New Guinea (PNG) in early February.Ramform Hyperion; Source: PGSThe program is expected to last for approximately 60 days and has strong industry funding, PGS said on Monday.The Ramform Hyperion vessel will acquire the survey. The Ramform Hyperion is a 3D seismic vessel with a length of 104 meters and an aft beam of 70 meters.During the two-month program, the vessel will be towing a 12 x 8 km x 150 m streamer configuration with a triple-source.The survey will provide modern 3D data over held and vacant acreage in the frontier Papuan Basin. Fast-track 3D data over Phase 1 will be available at the end of April 2020.While the Ramform Hyperion was in port on January 27, PGS hosted PNG government and industry guests onboard the vessel. This is the first time a Ramform Titan-class vessel has visited PNG.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

Football madness or is it the love for the game?

first_imgThis football fan couldn’t resist taking this Cub to watch a league match in Palestine (PICTURE BY MAHMOUD ZAQOUT)Football is certainly the most beautiful l and loved game in the world.Football fans and even players themselves have been documented to have gone to extreme lengths to show their love for the game.One football player in a league in Germany Anthony Ujah apologised for grabbing the horns of a Goat mascot in celebration of a goal he had scored.This time around its the love for the game that lead Palestinian football fans to show pride in their team.The daily Mirror website showed these pictures of a  LION CUB which was taken to watch the game in a crowded stadium.You would expect fans to be scared but they were rather pleased to have the animal around them (PICTURE BY MAHAMOUD ZAQOUT)The Lion cub named Alex was seen in the stands for a match between Shabab Rafah and rivals El-Sadaka in the Palestinian league, clad in his team’s jersey.You would expect fans to be scared by they were rather happy having Alex around the stands with them.They were reportedly delighted by the presence of the predator, while younger fans played with him after the match.The lion was born in a zoo in Rafah but the owner was forced to sell the cub in order to keep feeding other animals.The Cub lion seems to enjoy the attention he getting (PICTURE BY MAHMOUD ZAQUOT)Two other adorable two-month-old lion cubs from the same zoo, Mona and Alex, have been living with refugee Saad Aldeen Al-Jamal and his six children at their home in Rafah, in southern Gaza.The 54-year-old father says he bought the cubs from the impoverished Rafah zoo and the unusual pets have become an integral part of his family.last_img read more