/r/oilandgas
Oil and Gas industry news.
Oil and Gas industry news.
/r/oilandgas
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Is it about gas?
https://youtu.be/7ntnckgSgrE?si=CWx7EXj3YfwXT_2p
There are several videos floating around the Internet claiming that Israel's assault on Gaza has to do with the natural gas reserves located off the Gazan coast. At first I paid little attention to the matter. Then I decided to take a closer look. Here is what I found.
In 1967, Israel occupies the West Bank and the Gaza Strip. Then in the 1990s, Israel and the PLO sign two peace agreements. One of them grants the Palestinian Authority or PA, which emerges from the negotiations, the right over the waters off Gaza. To this day, the PA is controlled by Fatah. Fatah is a secular, nationalist and social democratic political party. In 1999, the PA signs a gas exploration contract with the company British Gas. The following year, two wells are drilled, Gaza Marine I and II. In response, Israel begins blocking any development of the gas fields. In 2006, Palestinians in the Occupied Territories head to the polls. Hamas, an Islamist militant movement and political party, wins a majority. The group takes control of the Gaza Strip and ousts Fatah officials. As a response, Israel imposes a blockade on Gaza and prohibits any offshore gas development. In 2008, Israel goes even further by taking full control of Gaza Marine, in clear violation of international law. For 14 years, nothing much happens. Oh, I forgot. In 2019, the UN publishes a study that estimates the net value of Gaza Marine at $4.6 billion. But compared to other gas fields in the Eastern Mediterranean, Gaza Marine is pretty small. It accounts for less than one percent of the region's total gas reserves.
Ok, then comes 2022. The Ukraine war, the bombing of the Nord Stream pipeline, and Western sanctions against Russian oil and gas trigger a global energy crisis. This new international context plays a crucial role in putting Gaza Marine back on the table. In October 2022, Israel, the U.S., Egypt and the PA agree on developing the gas fields. Hamas rejects the deal and accuses the PA of corruption. In June 2023, Israel gives the green light to the project. First, Hamas reaffirms its protest. But then, a few days later, the group reportedly agrees to the project in exchange for a share of the revenues.
Then comes October 7, followed by Israel's genocidal attack on Gaza. With the new reality on the ground, it is unclear whether the gas deal still stands. The war could give Israel an excuse to block all Palestinians from participating in the gas deal. Netanyahu could also cancel it altogether or simply expropriate Gaza Marine. That would be nothing new. Israel has been expropriating Palestinian natural resources for 75 years now. But I don’t think that Israel is primarily interested in Gaza's offshore gas. It's much more than that. I think instead that Israel's attack on Gaza is part of the plan to create a "Greater Israel”. Two weeks before October 7, Prime Minister Netanyahu gave a speech to the UN General Assembly. He held up a map showing Israel stretching from the Jordan River to the Mediterranean. The West Bank and Gaza were erased.
In March, Israel’s Finance Minister Bezalel Smotrich delivered a speech in front of a similar map. What we are witnessing now in Gaza is an attempt to finish what began in 1948: the systematic policy of settlement, dispossession and ethnic cleansing of Palestinians. More than seven decades later, Israel's Zionist, settler-colonial project is not yet complete. The goal is still the same. To take as much of Palestine as possible, with as few Palestinians living in it as possible. And politicians and military leaders in Israel have been very outspoken about their intentions.
Over 1.7 million Gazans have already been displaced from their homes. That’s 77 percent of the total population. Israel appears to be aiming to expel all Palestinians living in Gaza and pay Egypt to host them permanently. In such a scenario, the takeover of Gaza Marine would be nothing more than a by-product of the forcible creation of a “Greater Israel”.
15:04 UTC
Sunya Scoop - Geothermal: the hot choice for data centers PLUS: Google-Fervo geothermal, IEA releases controversial report, CCUS future, GE Vernova-Next Hydrogen, Northvolt's breakthrough
19:06 UTC
Sunya Scoop - Wolf CO2 withdraws application, Japanese-Petronas CCS, ADNOC-Santos CCS, Equinor/BP offshore wind, Fortescue $750mm investment, Maersk methanol deal, Rabobank launches ET practice
22:34 UTC
Volt Lithium (VLT.v VLTLF) Unlocks Potential for Major Oil and Gas Partnerships with Expanded Capabilities Allowing for the Testing of Oilfield Brines From Multiple Basins Across North America
A new billion-dollar lithium battery manufacturing plant set to be supplied by domestic mining will be built in Metro Vancouver: https://dailyhive.com/vancouver/e-one-moli-energy-maple-ridge-vancouver-bc-battery-plant
This will be the largest factory in Canada for high-performance lithium-ion battery cells, producing up to 135 million battery cells per year for automotive vehicles, aerospace, consumer electronics, power tools and medical devices.
Fuelled by the increasing demand for lithium which is expected to continue to skyrocket, Direct Lithium Extraction (DLE) is becoming a leading extraction option based on its ability to double lithium production while reducing environmental damage.
Having recently expanded its capabilities beyond its Rainbow Lake Lithium Project with a permanent demonstration plant capable of testing oilfield brines from multiple basins across North America in real-time, Volt Lithium (VLT.v VLTLF) has emerged as a leading DLE company poised to benefit from this news.
With the permanent demonstration plant, VLT can expand its capabilities beyond its flagship Rainbow Lake Project, opening up a vast market opportunity and enabling the use of its proprietary DLE technology to extract lithium regardless of the brine's original lithium concentrations.
As DLE has the ability to double lithium production while reducing environmental damage, VLT's proprietary tech boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
In offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.
As discussed by Volt Lithium (VLT.v VLTLF) CEO Alex Wylie, there is a massive opportunity for oil and gas companies producing significant quantities of brine as part of their normal operations to collaborate with DLE companies to add value to existing operations: https://www.asce.org/publications-and-news/civil-engineering-source/civil-engineering-magazine/article/2023/10/new-methods-could-extract-large-lithium-stores-from-brine
Posted on behalf of Volt Lithium Corp.
22:28 UTC
Anyone have a idea about CCMS job!
which related to completion management system. Now I am working as a CCMS coordinator. If anyone of you work similar job like this please help me how to find similar job like this?
11:43 UTC
Accredited Investors: Direct Drilling Opportunity ...
We're finalizing accredited investors for the Mando Oil Drilling Prospect (NH Oil & Gas). Located proximate to dozens of profitable wells in southern Louisiana, our AI powered analysis projects an estimated return of 41.2% over 2.5-year period. Interested in more detail on this investment opportunity? Connect with the project lead team via zoom.
21:53 UTC
Chevron to buy Hess for $53 billion as the biggest US oil companies get even bigger
Chevron to buy Hess for $53 billion as the biggest US oil companies get even bigger
Chevron is buying Hess Corp. for $53 billion as the biggest U.S. oil companies use a recent windfall in profits to buy up smaller competitors
https://candorium.com/news/20231023102432375/Chevron-to-buy-Hess-for--billion-as-the-biggest-US-oil-companies-get-even-bigger
18:01 UTC
US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution
US oil production hits all-time high, conflicting with efforts to cut heat-trapping pollution
https://beta.candorium.com/news/20231013181612459/US-oil-production-hits-alltime-high-conflicting-with-efforts-to-cut-heattrapping-pollution
01:09 UTC
"How Big Oil is Turning Wastewater Into Wealth" & Volt Lithium (VLT.v VLTLF) Innovative IES-300 DLE Technology
"For nearly 150 years, brine from oil and gas drilling has long been considered a nuisance for operators. But the tides are turning thanks to the electric vehicle (EV) revolution, which could transform billions of barrels of salty wastewater into wealth."
(Source: https://finance.yahoo.com/news/big-oil-turning-wastewater-wealth-182915948.html)
As lithium is heading toward a significant shortfall in supply due to the exponential demand that EV production has created, major oil and gas companies including Exxon Mobil and Chevron, are disclosing their interest in pilot projects designed to extract lithium from brine.
With this, Direct Lithium Extraction (DLE) has gained prominence as an alternative way to provide "abundant, low-cost lithium" for this energy transition with one company in particular, Volt Lithium (VLT.v VLTLF, 40M Market Cap), making a name for itself with its game-changing lithium discovery and innovative IES-300 DLE technology.
For more information, VLT's President and CEO, Alex Wylie, will be presenting at two different investor conferences this month including the Schachter Catch the Energy Conference on October 14th, and the Lytham Partners’ Fall 2023 Investor Conference on October 17th: https://voltlithium.com/wp-content/uploads/2023/10/23-10-11-Schachter-Lytham-Announcement-FINAL.pdf
Aiming to be North America's first commercial producer of lithium hydroxide and lithium carbonates from oilfield brine, VLT is a "growing, pure-play lithium development and technology company".
Engineered to extract lithium from oilfield brines, VLT's DLE technology boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.
With a PEA upcoming, VLT plans to implement its DLE production method by the second half of 2024 at its Rainbow Lake Property. Showcases a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to produce 1,000 tonnes of lithium hydroxide by the end of June 2025.
Offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.
Posted on behalf of Volt Lithium Corp.
22:03 UTC
Buckle up. Geopolitical risk back into oil markets in a major way if Israel confirms that Iran was involved in the Hamas attacks over the weekend.
Hard to imagine Iran not being involved to some degree: weapons, training, intel.
10:16 UTC
Biden calls for up to 3 oil and gas lease sales in the Gulf of Mexico, disappointing all sides
Biden calls for up to 3 oil and gas lease sales in the Gulf of Mexico, disappointing all sides
President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska
21:40 UTC
Hedge Funds Bet On $115 Per Barrel For Oil. But Oil Stocks Are Cooling: ...
11:29 UTC
Technical Fracking Question
Let's say I have an oil reservoir being waterflooded with a matrix of weakly consolidated sand. Now let's say I make the drawdown pressure too high and I sand up my wellbore and wreck my near wellbore permeability (possibly fines migration as well?). If I clean out my wellbore with coil, is there any frac I can pump that would bypass the damage of the sand invasion and keep the sand from invading my wellbore. I imagine the tail end of the frac would have a quick incremental ramp up of frac sand size to form a "gravel pack" behind pipe.
22:40 UTC
Why doesn't USA stop exporting so much oil (3.6bbl/day) and sell it internally causing fuel prices to lower and thus a more efficient economy?
09:23 UTC
How do you call this area/part of an offshore platform? Most likely these are on the drillinf platform side.
08:55 UTC
Seeking Resellers: High-Quality Dies/Inserts for the Oil Industry
Hello,
Firstly, I want to say how much I appreciate this community and the wealth of knowledge and experience shared here.
I'm reaching out to professionals or businesses within the industry who might be interested in a mutually beneficial partnership. We offer a selection of top-tier dies/inserts akin to those utilized by McCoy Global in the oil sector. Key highlights of our products include:
Top-Notch Manufacturing: Emphasis on quality and durability.
Competitive Pricing: Ensuring a substantial margin for our reselling partners.
It's not just about expanding our presence; it's about bringing high-quality, valued products to the right company and the right place.
If this aligns with your business goals or you know someone who would find this valuable, please reach out via DM or drop a comment below.
Thank you all for being so welcoming and understanding. If there are any issues with the content of this post or if it doesn't fit within the community guidelines, kindly let me know, and I'll address it immediately.
Wishing everyone success in their endeavors!
04:55 UTC
How long does it take a major project to affect fuel prices?
This might be a silly question that's too complicated. I doubt it has a great answer, but I'm just wondering how you would approach the problem.
But I'm wondering how to think about what happens when a new source goes into production, a new pipeline gets built, or a new terminal/refinery/whatever infrastructure gets built, or whatever.
Does it only really have an impact once the project is up and running? Or like does it affect market expectations and affect prices right away? Something else?
03:42 UTC
Natural gas compressor station going up less than 1/4 mile from home.
So I live in west Texas and the guy across from me told me they are putting a compressor station across from my south of my house across the road .2 miles. My only concern is smell and how loud it’s going to be. I myself work in oil and gas so I know how loud these can be. We live on a county road in the middle of no where. Are we entitled to ask any questions or talk about concerns to anyone I know it’s their land and can do what they will but wondering if there is anything we can do to talk about the noise. Any info is greatly appreciated!
19:15 UTC
As oil activities encroach on sacred natural sites, a small Ugandan community feels besieged
As oil activities encroach on sacred natural sites, a small Ugandan community feels besieged
https://candorium.com/news/20230823060946223/as-oil-activities-encroach-on-sacred-natural-sites-a-small-ugandan-community-feels-besieged
23:08 UTC
This is Good. "On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Marathon Oil Corporation (NYSE:MRO). "I think it's a very inexpensive stock," he added.
18:42 UTC
Being Obese in O&G
Hi,
I am 25M height 174cm and weighs 115kg. Yes I am so over weight, when I begin my career thet time I had lost 20 kgs by following strict diet and doing exercises.
But my current job i am always sitting more than 9hrs and no proper diet and exercices.
My doubt is being over weight is that not good for a career in O&G other than health ?
06:38 UTC
Muslims who work in the Oil and gas industry
I applied for a refinery that says you will have to be clean shaven to work at the refinery. How do Muslims deal with this rule?
23:45 UTC
A buddy found a vintage looking hat with an O&G company logo on it. Does anyone know which company this logo belongs too?
17:07 UTC