Business & Investing
Sponsored by

Houston..we have a problem....

7,313,741 Views | 28750 Replies | Last: 9 hrs ago by Bibendum 86
cone
How long do you want to ignore this user?
AG
WOOF

plant manager having a real ****ty one
Rustys-Beef-o-Reeno
How long do you want to ignore this user?
AG
cone said:

WOOF

plant manager having a real ****ty one


You misspelled terminated ex plant manager...
topher06
How long do you want to ignore this user?
Comeby! said:

Gas getting crushed again today on safety concerns from PHMSA in Freeport

https://finance.yahoo.com/news/1-u-regulator-finds-unsafe-155955219.html
Figures a federal agent would take a month just to issue an edict to halt all repair operations until studies are done. Obviously no agenda.

EDIT: PHMSA falls under the Department of Transportation, which is run by Pete Buttigieg. Going to leave it at that.
sushi94
How long do you want to ignore this user?
AG
Comeby! said:

Gas getting crushed again today on safety concerns from PHMSA in Freeport

https://finance.yahoo.com/news/1-u-regulator-finds-unsafe-155955219.html
FLNG did help Natty but the larger than expected storage number was the big driver intially.
LostInLA07
How long do you want to ignore this user?
AG
It's a study on how they will do an inspection
austinAG90
How long do you want to ignore this user?
AG
Anyone here have any history with Southerncross Energy Partners at all ?
Ogre09
How long do you want to ignore this user?
AG
topher06 said:

Comeby! said:

Gas getting crushed again today on safety concerns from PHMSA in Freeport

https://finance.yahoo.com/news/1-u-regulator-finds-unsafe-155955219.html
Figures a federal agent would take a month just to issue an edict to halt all repair operations until studies are done. Obviously no agenda.

EDIT: PHMSA falls under the Department of Transportation, which is run by Pete Buttigieg. Going to leave it at that.
[url]https://www.phmsa.dot.gov/sites/phmsa.dot.gov/files/2022-06/PHMSA%20NOPSO%20to%20Freeport%20LNG%20%2842022051%29%2006302022.pdf
[/url]


Here's PHMSA's report. Big waste of our tax dollars and an even bigger waste of FLNG's time and money.

Dr. Doctor
How long do you want to ignore this user?
AG
As someone who worked with Freeport LNG and seen those systems, I assure you they have all the info the government is asking. Some of the 3rd party stuff they'll have to pay for, but that's a given.

What I can see is FLNG ultimately not paying for it as the EPC will be contacted and THEY'LL have to explain why something wasn't a design flaw. If this is a dead leg that heated up due to being blocked in, the relief valve should have been sized for that. If heat gain was assumed too low, that's on the EPC for the sizing.

And then there's correct hear gain, but improper construction.

But the above is also assuming that FLNG hasn't 'repaired' it in the last 3 months. I know they were still in a warranty period for some stuff and still resolving construction issues a few months back.

~egon
Motis B Totis
How long do you want to ignore this user?
AG
Oasis & Whiting merger complete -> Chord Energy
https://www.prnewswire.com/news-releases/whiting-and-oasis-complete-combination-establishing-chord-energy-301579674.html
cone
How long do you want to ignore this user?
AG
Quote:

If heat gain was assumed too low, that's on the EPC for the sizing.
lol there's no way

was the storage/loading area leftover and retrofit from the original regas terminal?
Sea Speed
How long do you want to ignore this user?
AG
This seems relevant

https://carbonneutralcoalition.com/bidens-raid-on-the-permian-basin/
sts7049
How long do you want to ignore this user?
AG
no way they'd make a mistake? or that particular mistake
Birdbear
How long do you want to ignore this user?
AG
Motis B Totis said:

Oasis & Whiting merger complete -> Chord Energy
https://www.prnewswire.com/news-releases/whiting-and-oasis-complete-combination-establishing-chord-energy-301579674.html


Kind of annoying that all of these merged company names are super generic and have to have some kind of symbolic meaning attached to them
MavsAg
How long do you want to ignore this user?
AG
Birdbear said:

Motis B Totis said:

Oasis & Whiting merger complete -> Chord Energy
https://www.prnewswire.com/news-releases/whiting-and-oasis-complete-combination-establishing-chord-energy-301579674.html


Kind of annoying that all of these merged company names are super generic and have to have some kind of symbolic meaning attached to them
Direct result of too many consultants.
cone
How long do you want to ignore this user?
AG
sts7049 said:

no way they'd make a mistake? or that particular mistake
that would be an especially egregious one to make

it'd be more plausible that they didn't even have a thermal relief as opposed to undersizing it.

but who knows - like i said, that portion of the plant may have pre-existed the liquefaction trains and things can get pretty hairy in a retrofit
austinAG90
How long do you want to ignore this user?
AG
Sorry I can't type

Meant Southcross Energy…..
Dr. Doctor
How long do you want to ignore this user?
AG
cone said:

sts7049 said:

no way they'd make a mistake? or that particular mistake
that would be an especially egregious one to make

it'd be more plausible that they didn't even have a thermal relief as opposed to undersizing it.

but who knows - like i said, that portion of the plant may have pre-existed the liquefaction trains and things can get pretty hairy in a retrofit


The mistake is easy to make.

Vacuum insisted pipe has a heat gain of around 3 BTU/ft^2/hr. If that fails, the hear gain could go to 200 or more (same units). Area is outside, exposed area. If the loss of insulation was never considered, then you can undersize the thematic relief and lead to an overpressurization. Vacuum insulated pipe is not very largely used in the US prior to FLNG in the cost and installation issues. Mostly used in colder services, like hydrogen and such.

If they had issues in the vacuum insulated lines, that's new piping. Older pipe is standard insulation.

Just my thoughts.

~egon
cone
How long do you want to ignore this user?
AG
but why would you take credit for vacuum jacketing? it's not going to make the installed valve that much bigger.

I'll have to ask around at the in-house best practice for rundown/loading line thermal relief. I've sized the loading arm and tank relief valves but a different discipline handles thermal relief in piping.
sts7049
How long do you want to ignore this user?
AG
https://www.bloomberg.com/news/articles/2022-06-30/shuttered-texas-lng-plant-can-t-restart-without-regulator-s-ok

this article states the PSV was isolated. no wonder.
cone
How long do you want to ignore this user?
AG

Ogre09
How long do you want to ignore this user?
AG
Quote:

Although the root cause of the failure has yet to be confirmed, preliminary evidence suggests that an isolated pressure safety valve created an overpressure situation in 300 feet of vacuum insulated piping. The 300 feet of pipe was subjected to an overpressure situation which burst the pipe and allowed LNG and methane to be released into the facility. The sudden release of LNG and methane from the piping caused a subsequent explosion and fire that damaged piping and components in the plant. At PHMSA's direction, Freeport engaged a third-party consultant, IFO Group, to conduct a root cause failure analysis (RCFA) of the explosion and subsequent fire and release of LNG.


From the PHMSA report I posted.
cone
How long do you want to ignore this user?
AG
yeah I don't think gross negligence is a HAZOP keyword
Talon2DSO
How long do you want to ignore this user?
AG
Yikes, did someone not MOC the isolated valve?
Ogre09
How long do you want to ignore this user?
AG
Improperly isolated for maintenance maybe? Or didn't account for thermal expansion when isolating? I'm not used to cryogenic liquids, but we were chasing stuff all over the place when we shut down for the big freeze last year. Shut stuff off at 20F and warmed back up to the 50s-60s before we restarted, and some lines were pressuring up fast.
jetch17
How long do you want to ignore this user?
jetch17
How long do you want to ignore this user?
AG
Whoops nm.
sts7049
How long do you want to ignore this user?
AG
maintenance is a very likely culprit
Ogre09
How long do you want to ignore this user?
AG
Natural gas prices continue to drop. Will this show up in consumer electricity prices eventually?
sushi94
How long do you want to ignore this user?
AG
I think if we make it through this winter with no major issues - no polar vortex, no Uri - we should see a decrease in power prices next year.

Big question in the market is with all the rigs added back in the last 12 to 14 months - why is production growth muted compared to expectations.
Cyp0111
How long do you want to ignore this user?
Production growth is muted as you're fighting against pretty significant declines, investments have been short cycle and you do not have large conventional assets coming online outside of the Exxon stuff in South America.

You have pretty significant headwinds in the L48 supply chain to get operations online as well with new development. The other thing is that we've drilled alot of our good stuff and people are drilling up their 2/3rd inventory.
sushi94
How long do you want to ignore this user?
AG
with that said then - i would tend to think any drop in prices we see will be temporary - bigger picture when the next wave of LNG projects gets built where will the gas come from if producers are on their 2nd and 3rd tier wells now.

EU just passed laws to classify NG power gen as "green" putting more pressure on LNG but thats longer term since market still needs to invest in the NG power gen infrastructure.

Marsh
How long do you want to ignore this user?
AG
sushi94 said:


Big question in the market is with all the rigs added back in the last 12 to 14 months - why is production growth muted compared to expectations.


The question is obviously a very complicated one. This is not meant to be an answer but just a few items I've seen in the Lower-48 activity as I've reviewed the data from the last couple of years:

(1) Approximately 100 of the active rigs right now are drilling vertical/directional wells. About 95% of these are being drilled by private operators (includes private and private equity)

(2) Wells spud in the January 2021 time frame for private operators averaged ~400 spuds per month. Recent months in 2022 shows an increase to ~800 spuds per months for privates. Publics went from ~500 to ~590 spuds per month during the same period.

Key notes when combining (1) and (2)? Privates have doubled their activity whereas publics have only modestly grown. However, of the wells spud over this time period for privates, ~45% were drilled as vertical/directional.

(3) Reviewing only horizontal spuds, ~67% of wells were oil (based on what is reported to the state) vs 33% gas. Private/public was surprisingly similar in breakdown between oil/gas wells.

Although total rig count is increasing, there is a good proponent of vertical/directional wells and HZ wells with gas as primary phase.

(4) Public activity in 1Q 2020 had ~80% of HZ oil activity in the Permian, Eagle Ford or Williston. In 1Q 2022, those 3 basins made up ~95% of HZ oil activity. Privates have been and continue to be much more diverse in the portfolio being drilled (includes the same 3 from publics but also PRB, DJ, Uinta, etc.).

Public companies that are major contributers to Lower-48 production hold the best acreage in the three most active basins but their activity has only minimally increased over the last 1.5 years. Privates have increased their activity substantially but it is has generally been in worse reservoir (either fringe acreage in Permian, eagle ford or Williston or in a currently non-premier basin).

(5) There are a couple major public operators who have active horizontal oil rigs going but aren't completing wells at anywhere close to the same pace (not going to name anyone, but the data can be found).

This suggests rig count isn't always the most meaningful metric.



Just my 2 cents.
Cyp0111
How long do you want to ignore this user?
PE backed teams completing 2nd/3rd tier acreage hoping to get scooped up with the general commodities uplift
Fredd
How long do you want to ignore this user?
AG
The public companies would get hammered if they plan to grow more than 3-5%

cone
How long do you want to ignore this user?
AG
pretty good little Twitter thread if you need it



related to this Reuters article

https://www.reuters.com/business/energy/exclusive-top-us-lng-producer-cheniere-asks-biden-admin-drop-pollution-rule-2022-07-08/
First Page Last Page
Page 735 of 822
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.