Energy Transfer has finalized its $3.25 billion acquisition of WTG Midstream, enhancing its operations in the Permian Basin. The transaction involved $2.27 billion in cash and 50.8 million common units. WTG's assets include a 9,656 km pipeline network, eight gas processing plants with a capacity of 1.3 billion cubic feet per day, and a 20% interest in the BANGL Pipeline. The acquisition is expected to add significant distributable cash flow per common unit, improving Energy Transfer's revenue and infrastructure capabilities. https://lnkd.in/giWwDzF9
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We're almost half full and only 2 weeks away! I'm excited to share a powerful strategy 99% of O&G service businesses have never seen. Grab a spot in the comments! P.S. This is NOT a 90 min sales pitch. It's a bona fide, action packed training to help you make more $$$. I hope to see you there! I'm on the journey of growing my O&G connections so please share this if you can 💪 👋👋👋 Hey I’m Rick and I’ve been in the oilfield. I’ve worked rig moves, supported midstream engineering staffs and had countless roles in the pumping unit servicing business. I’ve been around Oil and Gas the majority of my career and I’ve picked up on a dire need: Better marketing for oil and gas service companies. If you’re over wasting money on marketing and ready for a strategy that works, shoot me a DM. #OFS #oilfield #oilfieldservice #permian #permianbasin #Midland #odessa #drilling #fracking #wireline #completions #midstream
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Investor Relations Manager @ Eastlake Exploration & Production Limited, Treasury Manager, Finance Manager, Oil & Gas, Upstream, Financial Analyst, Banker,, Auditor, Planning & Forecasting, Budgeting, Financial Reporting
“Patience is a man’s game” is a saying that can be applied to the oil and gas industry, highlighting the long-term nature of investments, projects, and operations in this sector. Here are some key aspects where patience plays a significant role in the oil and gas industry: 1. Exploration and Production: The process of exploring for and developing oil and gas reserves requires patience, as it involves significant time, effort, and investment. Exploration activities, such as seismic surveys, drilling, and reservoir analysis, can take years before potential discoveries are made and production can begin. 2. Project Development: Building and commissioning oil and gas projects, such as drilling rigs, production platforms, pipelines, and processing facilities, often require patience due to the complex engineering, regulatory approvals, and construction timelines involved. Patience is essential in navigating the various stages of project development and ensuring successful execution. 3. Price Volatility: The oil and gas industry is known for its price volatility, with fluctuations in global oil and gas prices impacting revenues, profitability, and investment decisions. Patience is required to weather market cycles, adapt to price changes, and make informed long-term investment choices. 4. Regulatory Processes: Obtaining permits, licenses, and approvals for oil and gas projects involves navigating complex regulatory processes, environmental assessments, and stakeholder consultations. Patience is necessary to comply with regulatory requirements, address concerns, and secure necessary permits for project development. 5. Technology Adoption: The oil and gas industry is continually evolving, with advancements in technology, automation, digitalization, and sustainability driving industry transformation. Patience is needed to adopt new technologies, implement operational changes, and realize the long-term benefits of innovation. 6. Stakeholder Engagement: Engaging with stakeholders, including local communities, government agencies, investors, and industry partners, requires patience and effective communication. Building trust, addressing concerns, and fostering relationships with stakeholders are essential for successful project development and long-term sustainability. 7. Environmental and Social Responsibility: The oil and gas industry faces increasing scrutiny and expectations regarding environmental and social responsibility. Demonstrating commitment to sustainability, reducing carbon emissions, and engaging in responsible practices require patience, strategic planning, and long-term investment in sustainable initiatives.
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Green Canyon provides top-tier expert witness services for disputes in the energy, oil & gas, power generation, and industrial markets. We handle matters related to equipment supply agreements, warranty claims, EPC, operations, maintenance, commissioning, personal injury, and performance guarantees. An exceptional expert witness should possess the following qualities: - Confidence - Rigor - Consistency - Meticulous attention to detail - Unwavering trustworthiness - Extensive experience - Powerful and compelling communication skills - Proficiency in explaining complex subject matters to non-technical audiences - Unyielding dedication Our expert witnesses consistently add significant value to each case by providing reliable opinions and making valid scientific connections, contributing to conclusion-reaching by the legal team, and remaining composed under intense pressure, particularly during cross-examination. #disputeresolution #energyexperts #oilandgas #powergeneration
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Senior well Completion and intervention engineer in South Pars phase 11 project- Head of Reservoir operation and production- Day companyman's assistant
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As we diversify into the oil and gas industry, let's talk about a Conductor Supported Platform popularly known as CSP A Conductor Supported Platform (CSP) is a type of offshore platform used in oil and gas exploration and production. It's supported by conductors, which are large pipes that are driven into the seabed. This design allows for a stable structure that can support drilling and production activities. CSPs are often used in shallow waters and can be more cost-effective compared to other types of platforms. The Conductor Supported Platform (CSP) has several advantages over other types of offshore platforms: 1. COST EFFECTIVENESS: CSPs can be less expensive to construct and install compared to other platforms like fixed platforms or floating systems, especially in shallow waters. 2. SIMPLICITY OF DESIGN: The design of CSPs is generally simpler, which can lead to reduced engineering and construction time. 3. STABILITY :The use of conductors provides a stable foundation, which is beneficial for drilling operations and can enhance safety. 4. REDUCE ENVIRONMENTAL IMPACT: CSPs typically have a smaller footprint on the seabed, which can minimize the environmental impact during installation and operation. 5. EASIER DECOMMISSIONING: When it comes time to decommission, CSPs can often be removed more easily than other types of platforms, making them a more sustainable option.
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Discover our case study on full Infrastructure lifecycle services. - Our unique capabilities, allowed us to transition from Owner Engineer Support, through to Operational Readiness services, and subsequently resulted in the award of the on-site Operation and Maintenance of the Shoalhaven Starches Bomaderry Gas Pipeline. The O&M contract will provide Shoalhaven Starches (Manildra Group) operational assurance and ensure pipeline integrity, through continual performance monitoring and Right of Way surveillance. Learn how our end-to-end solutions drive success throughout every phase of our clients’ asset lifecycle. For further insights read case study here - https://lnkd.in/dteQkdFH - - #Verbrec #InfrastructureServices #OwnerEngineer #OperationalReadiness #OperationandMaintenance #AssetLifecycle #PielineIntegrity
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When two independent oil and gas exploration companies entered a joint venture partnership to pursue multiple developments in the Gulf Coast region, a cost overrun of $80 million led to a sizable lawsuit. The operating partner was said to have grossly mismanaged the engineering, procurement, and construction of the project on a number of accounts. In turn, Interface experts were asked to determine whether the operating partner’s performance complied with the standard of care. The issues at hand included cost control, schedule forecasting, late and excessive engineering changes, among several others. Our team’s analysis of the design drawings, cost documents, and progress reporting confirmed the validity of the non-operating partner’s claims. Our findings were presented via in-person expert witness testimony at a deposition and at trial. As a result, final judgment awarded the non-operating partner $70 million in damages and declined all counterclaims from the operating partner. To read more about this case study and our services, visit our website here: https://lnkd.in/e_NVpF7A #constructionclaims #disputeresolution #constructionlitigation #expertservices #oilandgas
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In our most recent Upstream blog article, Chris Morrison offers an in-depth exploration of the dynamic world of petroleum engineering recruitment within the UK. In this piece, Chris provides a comprehensive analysis of the latest trends, the prevailing challenges, and the promising opportunities that are currently defining the landscape of the UK's oil and gas industry. To delve into the article, click on the image below. #PetroleumEngineering #UKJobMarket #WeConnectEnergy #ConnectingEnergyExperts
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