Saturday, July 13, 2019

Notes From All Over -- Part 1, July 13, 2019

How's this for "notes from all over"? A reader noticed this; I would have missed it.

From Reuters, no less: due to quality issues of Russian oil, some eastern European countries are importing US oil.
Ukraine this month received its first ever barrels from the United States, according to Refinitiv Eikon flows data, as the tanker Wisdom Venture unloaded 80,000 tonnes of Bakken crude in Odessa on July 6 for the Kremenchug refinery, the port said. 
One source says one metric tonne is equivalent to 7.33 bbls.

Qatar: Making America Great

Earlier I posted a list of new petchem projects slated for the Texas / Louisiana gulf coast. The companies involved / projected cost (rounded) / location:
  • Sasol / $12 billion / Louisiana 
  • Exxon - Sabic / $10 billion / Texas
  • Chevron Phillips Chemical Co, Qatar Petroleum / $8 billion / US Gulf Coast
  • Dow / $6 billion / Texas, Louisiana
  • LyondellBasell Industries NV / $2.4 billion / Texas
  • Exxon / $2 billion / Texas
  • Total, Nova Chemicals, Borealis / $2 billion / Texas
For more on the Qater / Chevron / Phillips project see this Rigzone story:
  • note the American company: Chevron Phillips Chemical Company (I had it wrong in the original link, separating Chevron from Phillips; has since been corrected)
  • a 2,000-kiloton-per-annum ethylene cracker
  • two 1,000-kiloton-per-annum high-denisty polyethylene units
  • 9,000 construction jobs, 600 full-time positions during operations
  • this is the second major collaboration between these two companies announced this year
    • the companies are developing another world-scale project in Qatar's Ras Laffan Industrial City
Peregrine Energy Partners

From a press release:
  • Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Williams County, North Dakota from an undisclosed seller
  • the area will be operated by Whiting Petroleum
The press release was otherwise light on details and mostly an "ad." The "million dollar number" in the article had nothing to do with Peregrine. At least not directly.

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