Founded in 1969, OTC has improved every year. It is considered the world’s foremost event for the development of offshore resources in the fields of exploration, production, drilling, and environmental protection.

For 2012, OTC will have presentations by major IOCs, NOCs, and independent operators. Each will present their views on risk management, future industry directions, and operational integrity.

Several events will be new this year for OTC. Some of the topics include a progress report for the new Center for Offshore Safety, US energy policies, and the University of Houston Energy Research Park.

You can read more about OTC from their website at http://www.otcnet.org

Oilfield Improvements is looking forward to the great things ahead at the 2012 OTC. We welcome you to browse our website at http://www.rodguides.com to learn more about us and the products we offer.

source:

http://www.ogj.com/articles/2012/03/parnon-targets-july-completion-for-oklahoma-crude-pipeline.html

HOUSTON, Mar. 20
03/20/2012
By Christopher E. Smith
OGJ Technology Editor-Pipelines/Midstream

Parnon Gathering Inc.’s Great Salt Plains crude oil pipeline, which began construction earlier this month, is scheduled for completion in July. The project includes laying about 115 miles of 8-in. OD pipeline from Cherokee, Okla., to Cushing, Okla., capable of moving an initial 20,000 b/d, expandable to 35,000 b/d. Great Salt Plains will transport crude produced in central and western Oklahoma and southern Kansas to Parnon’s Cushing tanks.
All pipe for the project, which also includes a new terminal at Cherokee, has been delivered, Parnon said. Global Pipeline Construction LLC is building the Great Salt Plains Pipeline, with IPS Engineering providing project management.
A second phase might extend the pipeline westward to serve Granite Wash and new tight-formation plays further west in Oklahoma (OGJ Online, Aug. 10, 2011).
An Enterprise Products Partners LP, Enbridge Energy Partners LP, and Anadarko Petroleum Corp. joint venture is planning an NGL gathering system to move Granite Wash gas liquids to the jv’s proposed Texas Express NGL pipeline for shipment to Mont Belvieu, Tex. (OGJ Online, Mar. 6, 2012).

AMHERST, Mass., Mar 13, 2012 (BUSINESS WIRE) — Regional Economic Models, Inc. (REMI), the foremost provider of dynamic economic models for policy analysis, and Energy & Water Economics, today announce a study evaluating the economic impact of the Keystone XL pipeline.
Scott Nystrom, associate economist at REMI, and Dr. William W. Wade, resource economist and president of Energy & Water Economics, used the REMI model to resolve the differences in findings of the Keystone XL studies conducted by TransCanada’s economic consultant, The Perryman Group, and Cornell University’s Global Labor Institute (GLI).
“The REMI model forecasts that the XL expansion of the Keystone pipeline would create about 16,000 jobs over a two-year period,” said Nystrom. “After that two years, about 800 jobs would be sustainable moving forward.” “The pipeline will increase competition between Canadian and Middle East crude producers for position in Gulf Coast and Midwest refineries, but will not affect refined product prices,” according to Dr. Wade.
The study’s findings suggest that previous evaluations forecasted the economic impacts either too high or too low. It corrects model inputs and forecasts the job creation from the pipeline’s construction, operation, and maintenance.
“The benefits of the Keystone XL pipeline would be concentrated largely in the pipeline states themselves,” said Wade. “These areas could see an increase in gross domestic product by as much as $3.1 billion as well as an increase in business sales by as much as $6 billion.”
Environmental impacts are a legitimate concern of the proposed pipeline expansion, but the study deals only with the incremental economic impacts of construction and operations of the pipeline. Copies are available from the authors.

Source:

http://www.marketwatch.com/story/the-economic-impact-of-the-keystone-xl-pipeline-2012-03-13

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