After over 60 years of operating in the frigid but productive wilderness of Alaska, oil supermajor BP has decided to call it quits. The entirety of its Alaskan assets and operations have been sold to Hilcorp Energy for US$5.6 billion. Why Alaska and why now? Well, that’s just a natural consequence of looking for the next big thing. Once home to the largest crude oil field in America, BP’s departure from Alaska is not a surprise but a trend of things to come.
What Hilcorp purchases from BP includes the Prudhoe Bay oil field, which produced 1.5 mmb/d per day in the late 1980s as well as BP’s stake in the Trans-Alaskan Pipeline, which moves oil from the North Slope to the Port of Valdez for export. These were once crown jewels of American upstream, but are now tarnished after years of consistent production have dwindled resources. From peak production of over 2 mmb/d in the late 1980s, Alaskan crude output is now under 500,000 b/d. What oil is left is getting harder to extract, and what new oil is being found isn’t nearly enough to justify long-term investment. Particularly when cheaper alternatives that bring quicker returns – ie. shale
BP isn’t the only firm to exit Alaska, but it certainly is the largest so far. In fact, it had already halted exploration in Alaska years ago, maintaining its portfolio of existing assets only. Marathon Oil and Anadarko have already fled southwards to the shale fields in Texas and Mexico. But BP’s history with Alaska is deep, and therefore its departure is a psychological blow. Following the news, there is now already talk that ExxonMobil might be the next to leave. If it did, it would be a disappointment to the state but certainly not a surprise; oil production in the Last Frontier is projected to hit a 42-year low this year. What is BP’s loss is Houston-based Hilcorp’s gain – Hilcorp’s Alaskan operation will double in size after the deal, placing it just behind ConocoPhillips as the largest operators in the state.
Of course, this phenomenon isn’t just limited to Alaska. The North Sea, once crucial to the global crude supply chain has seen similar declines. And, consequently, the departure of once major players. Taking their place are smaller, more nimble players with a bigger risk appetite, seeking to eke out the last few drops of oil available in these maturing areas.
So where does BP and the other majors considering moving out go? The answer is predictable: shale. BP already has a toehold in US shale, purchasing BHP’s shale operations in July 2018 for US$10.5 billion its largest deal in 19 years. With assets in the Permian through the deal, BP returns once again to the US shale frontier, after being forced to leave the then-promising Permian in 2010 in the wake of the Deepwater Horizon disaster. BP CEO Bob Dudley called the Alaska deal a move to ‘steadily reshaping BP with opportunities that are more closely aligned with our long-term strategy and more competitive for our investment.’ In other words, once precious strongholds like Alaska, the North Sea and even Alberta oil sands are old hat. The cool new kid on the block is shale and, despite the challenges it faces in long term sustainability of production, all the majors and supermajors want to get into club. Well, maybe except Total and (to a lesser extent) Shell.
For all the talk of individual strategies and characteristics, the industry is still governed by a herd mentality. And the herds are migrating away from drying old pastures in search for fresh new grass elsewhere. Where they will go once the new grass dries up will be anyone’s guess.
BP’s main upstream assets in Alaska
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“Communication is an art. Period”
It is true when we say that connecting with people is not everyone’s cup of tea. The first step is listening and then responding accordingly.
When it comes to chatting services, it becomes even more crucial to be clear and transparent.
It falls under the category of Managed Chat Services. People are trained to know inside out about a particular service/product.
But what are the exact requirements and features for anyone to become a chat service agent? Find about them below:
This form of communication requires the agent to understand the need of the user properly and respond in a way that the easiest for them to understand. This differs from person to person easily.
It has been found that using managed services helps in acquiring customers and converting leads easily. People get quick quality responses which creates a good image of the seller in their minds.
Be quick in responding. This show how alert and active the employees are. If the response takes a long amount of time, then it can leave the customer frustrated. This can end up creating a negative impact on the customer.
There can be times when a shopper can get distracted or can get busy exploring other options/varieties online. This can look like the customer has helped but the reality is far away from it. Give the user a sufficient amount of time before declaring a chat dead or unresponsive.
A Propane Bullet Tank, also known as LPG Above Ground Tanks, is used for storing liquid natural gas. The tanks have components that best fit your company's needs and are available in various sizes.
The size of a propane bullet tank can be anything from 6,000 and 30,000 gallons, with an 18,000 tank generally the most popular. Tank fill levels should not exceed 70–80% for liquid natural gas to expand inside the vessel.
For holding trucks to reach the site and collect liquids, a tank's average pressure should be approximately 250 psi. This will keep liquid natural gas contained and under low pressure.What & Where Is Propane Bullet Tank Used?
You're undoubtedly wondering, "Where should I utilize or keep them?" A propane bullet tank is linked to the cold separator drain on a Joule Thomson System (JTS) or mechanical refrigeration devices for the collection and short-term storage of the recovered natural gas liquids.
These tanks are also utilized in refineries and other end-use facilities for the bulk storage of goods that can be sold, such as propane or butane.
LPG is kept in propane bullet tanks because the liquid gas needs to be kept under intense pressure to remain fluid. Bullet tanks effectively do this because of their evenly dispersed, consistent pressure. Since there are no edges, there is also no possibility of a variable pressure region.
What Can a Propane Bullet Tank Do?
A channel called a bulkhead stanchion prevents unintentional vehicle pull-away.
The most important valve on any tank is the pressure relief valve. It is intended to release too much pressure.
The level gauge continuously measures the levels of liquid natural gas.
Reduces fluid loss during emergencies thanks to the emergency shutoff valve.
If trucking drives away while the hoses are still attached and move, the bulkhead, flexible hose, and hose couplings protect the piping. The flexible hoses won't break the ridged pipework; they will stretch.
The high-pressure regulator controls the pneumatic pressure necessary for all ESVs to operate effectively.
GasnTools offer the most excellent propane Bullet tanks at affordable prices. Offering high-quality bullet tanks is what they are involved in doing due to their knowledge and experience in this particular field.
LPG gas is frequently kept and stored in these tanks. These LPG Above Ground Tanks serve a variety of industrial utilities quite effectively. Only top-notch raw materials and cutting-edge technologies are used when making this tank.
Nitrogen in liquid form is a colorless, odorless, nonflammable, inert cryogenic liquid. It has a boiling point of less than -130 °F (-196 °C). Although this product is freezing, Nitrogen is widely used in chemical analysis during sample preparation. It is employed in the concentration and condensing of liquid sample volumes. It is used in the production of explosives, nylon, nitric acid, fertilizers, and color-safe operation precautions must be taken when handling or using it in Dubai.
Buy Liquid Nitrogen Cylinder in the UAE from GasNtools and improve the display of your frozen items!Ways To Deliver Nitrogen
You must be wondering where to buy nitrogen gas. GasNtools is one of the best liquid nitrogen suppliers that can meet your needs for nitrogen gas no matter what they are. They provide nitrogen to:
Compressed nitrogen is offered in a variety of cylinder sizes:
40-liter nitrogen cylinder with a 6 m3 capacity at 140 bar and a 10 m3 capacity at 200 bar.
Different-sized pour spouts of liquid nitrogen are available.
Massive service: For high-volume applications, liquid nitrogen is transported in cryogenic tankers to on-site storage. It is kept as a cryogenic liquid in a vacuum-insulated vessel that can hold enough over many days and is available as either a liquid or a gas on demand.
It has spread throughout the industry and is now widely used in restaurants to quickly freeze liquids to ice creams and desserts for live food displays. Because liquid nitrogen has a temperature of -196 °C, the liquid ice cream mixture can be quickly cooled and frozen. Any remaining nitrogen escapes as a gas. Another advantage of freezing is that it reduces dehydration losses, which can reach crucial economic tiers with these items under ambient air. The cost of liquid nitrogen in Dubai is completely inexpensive. As a result, many customers approach GasNtools to obtain this nitrogen gas quickly and affordably.
Although liquid nitrogen is safe in food and beverages, it should not be consumed immediately. Before providing it to the customer, it must have vanished entirely from the food or drink. Because it can be highly hazardous or devastating if not handled properly, this product is only maintained by trained chefs.
When managing liquid Nitrogen, wear dielectrics gloves and carefully made PPEs (Personal Protective Equipment).
GasNtools is Dubai's most dependable nitrogen gas supplier. They always transport nitrogen gas in a trustable container. You must use a service elevator to transport this gas.