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ONEOK announces plans to increase natural gas liquids takeaway capacity out of the Rocky Mountain region

ONEOK, Inc. (NYSE: OKE) announced last week plans to invest approximately $1.4 billion to construct a new pipeline, and related infrastructure, to transport natural gas liquids (NGLs) from the Rocky Mountain region to the company’s existing mid-continent NGL facilities. The Elk Creek Pipeline – an approximately 900-mile, 20-inch diameter pipeline…

Filling the employee pipeline

Companies that have been involved in oil and gas in North Dakota for decades have been concerned with keeping their pipelines full: both with product and with future employees.  As the technology involved in petroleum production has changed, so too has the skillset required from employees.  That was the challenge…

The hydrogen sulfide house of cards

By James O’Dwyer In the definition of management of change (MOC), three fairly significant groups of standard changes have debuted for 2017, here’s a snapshot. The American National Standards Institute (ANSI) has updated their 2010 revision of the Z390.1, “Accepted Practices for Hydrogen Sulfide (H2S) Training Programs” for 2017. The…

Department of Energy to Invest $30 Million to Boost Unconventional Oil and Natural Gas Recovery

The U.S. Department of Energy (DOE) has announced the selection of six projects to receive approximately $30 million in federal funding for cost-shared research and development in unconventional oil and natural gas recovery. The projects, selected under the Office of Fossil Energy’s (FE’s) Advanced Technology Solutions for Unconventional Oil and Gas Development funding opportunity,…

Moody’s: Global oil industry to focus on disciplined investment, M&A for growth in 2018

Oil prices will remain at $40-$60 per barrel in 2018 despite the extension of OPEC-led production cuts through the end of the year, Moody’s Investors Service says in its 2018 credit trends report for the global oil and gas industry. Higher prices within or above that range will see supply…

US leads the top ten countries by crude reserves, says GlobalData

Unconventional oil reserves across the top 10 countries* stand at 9.2 per cent (45.8 billion barrels), oil sands reserves stand at 6.7 per cent (33.3 billion barrels), and heavy oil represents 4.5 per cent (22.2 billion barrels) of all remaining reserves, according to GlobalData, a leading data and analytics company. The…