US gas users warn of LNG export impact as competition cuts liquefaction costs

Posted April 25, 2017 by Silvia Zurita in Downstream, Energy, Engineering, FPSO, Maritime, Midstream, Natural Gas, Oil, Pipeline, Shale, Transportation

A flurry of Gulf Coast LNG export facilities is set to raise U.S. domestic gas prices in the coming years and developers are optimizing liquefaction technology to capitalize on growing arbitrage opportunities between U.S. and global gas markets, analysts said. The U.S. shale revolution has spurred a raft of Gulf... Read More »

School board clears way for $10 billion petrochemical plant

Posted April 13, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Financial, Infrastructure, Midstream, Oil, Petrochemical

A $10 billion petrochemical complex north of Corpus Christi can move forward after a local school board faced down community opposition and unanimously approved millions of dollars in tax breaks sought by two of world’s biggest companies. The Gregory-Portland School Board, after more than four hours of debate and deliberation... Read More »

Aker BP forms ‘Platform Alliance’ with main contractors

Posted April 10, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Deepwater, Downstream, Energy, Engineering, Financial, Infrastructure, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream

LYSAKER, Norway – Aker BP has awarded long-term framework agreements to five suppliers covering engineering services, construction, electro/ IT/ control room systems, and transport/installation of fixed facilities offshore. The company says the purpose of the agreements is a more integrated project delivery model involving a “Platform Alliance” for each project.... Read More »

Houston Company to Build Ethylene Storage, Pipeline Projects

Posted April 4, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Financial, Infrastructure, Midstream, Petrochemical, Pipeline, Transportation

Houston-based Enterprise Products Partners LP (NYSE: EPD) has announced two projects centered around the Houston-area's midstream ethylene infrastructure. The first is a modification to one of its existing storage facilities, according to a press release. Enterprise will repurpose a Mont Belvieu, Texas, storage well to be able to draw in... Read More »

Life of an onshore well finding and producing tight or shale oil and gas

Posted March 28, 2017 by Silvia Zurita in Business, Construction, Energy, Engineering, Natural Gas, Oil, Onshore, Shale, Upstream

The Women's Energy Network Houston Chapter welcomed Jan Sherman, Vice President of Commercial & Land of the Unconventional business in Upstream America with Shell.  Take a look at the video pertaining to a relevant and engaging topic in today's Oil & Gas industry. Jan discussed the insights and importance of the shale... Read More »

Transcanada Gets Presidential Permit For Keystone XL Pipeline

Posted March 24, 2017 by Silvia Zurita in Business, Construction, Construction News, Energy, Engineering, Midstream, Natural Gas, Oil, Pipeline, Transportation

TransCanada Corp says the U.S. Department of State issued a presidential permit for the construction of the Keystone XL oil pipeline, a project blocked by former President Barack Obama. March 24 (Reuters) - TransCanada Corp said on Friday the U.S. Department of State issued a presidential permit for the construction... Read More »

The Incredible U-shaped New York skyscraper dubbed the ‘longest building’ in the world’ is unveiled

Posted March 23, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Infrastructure

Now THAT'S loopy! Behold The Big Bend - the incredible U-shaped New York skyscraper dubbed the 'longest building in the world' is unveiled   Oiio studio has unveiled designs for curved skyscraper 'The Big Bend' as solution to expensive zoning laws Manhattan tower was imagined as a structure to straddle... Read More »

Tax break approved for Exxon and SABIC’s massive $10B Petrochem Project

Posted March 22, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Downstream, Energy, Engineering, Petrochemical

A proposed $10 billion, 1,400-acre petrochemical complex, hailed as the world's largest ethane steam cracker plant, is moving forward near Corpus Christi. The Gregory-Portland School Board approved March 21 tax breaks for the project, which is being developed by Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) and Saudi Basic Industries... Read More »

Health of Geophysical Industry Critical to Market Recovery

Posted March 21, 2017 by Silvia Zurita in Alternative Energy, Business, Business Valuation, Deepwater, Downstream, Energy, Engineering, Financial, FPSO, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream, Valuation

Energy is one of the most important markets in the world, and the geophysical industry is the foundation of ensuring safe, affordable, and accessible oil and gas exploration and development. While OPEC’s landmark agreement at the end of the year to cut oil output boosted crude prices and optimism for... Read More »

Structural Failure of Precast-Concrete Span Sets Back Sydney Metro Job

Posted February 28, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Engineering, Infrastructure, Transportation, Valuation

Detailed forensic analysis criticizes techniques used in segment grouting   A key component of Australia’s biggest public transport infrastructure project—Sydney’s $6.3-billion Metro North West—is the subject of a critical and detailed technical report describing how an elevated viaduct span failed at a stitch joint between two precast segments during construction last September. Project officials say the affected... Read More »