VOL.
PetroJournal
Journalism Division - Society of Petroleum Engineers
In Today
MAIN CONCERN:
Climate Chaos,
OPEC’s Move Another Dent in
Brought Oil Prices
to Rebound in The
Second Quarter Source : jpt.spe.org
Energy Transition
of 2021
The latest report by a group of shake the US economy, depending on the
environmental organizations accused the millions of barrels of oil imported from
Limiting oil sup-
world’s largest bank of investing trillions abroad every day. These civil wars fund
plies to April was
of dollars in the oil and gas industry the economy however now the concern
a surprise move
to cause “climate chaos” worldwide. has shifted towards guarding and
for OPEC at the
See page 2... The report, titled “Banks to Deal with increasing the security of clean energy.
Climate Disorder,” stated that in the
five years since the Paris Agreement The shift towards clean energy is not as
PetroSci was signed, the 60 largest banks in the smooth as it looks like. Many aspects of
world have invested US$3.8 trillion in the energy industry should face reality
fossil fuels. The author said: “The out-of- and cope up with the shift. From minor
control funding for fossil fuel extraction security issues towards huge leaps of
and infrastructure has contributed to investment shifting the economic cycle.
climate chaos, threatening the lives and
Fracturing Fluid livelihoods of millions of people.” The
biggest culprit is JP Morgan Chase, which
In this year’s big has borrowed and debt to oil and gas.
event of SPE ITS SC, Industry capital injection of 317 billion
Petrolida 2021, we U.S. dollars, equity issuance underwriting.
established a new
competition called Whilst Banking companies held out to
the Fracturing reduce their investments on oil and gas,
Fluid Design there is a gradual substitution to clean
Competition, energy, known as the energy of the future. Source : worldoil.com
which led to many For decades, civil wars in North Africa or
See page 2... terrorist attacks in the Middle East will (Cendrawan)
Don’t forget to
check the quiz on For A Sustainable Future
our Instagram story.
Hydrogen Shauna
Blending Noonan
As countries and industry key players A surprising fact about this former
face the challenge of energy transition, President of Society of Petroleum
countless sustainability initiatives are Engineers is that as a Vancouver native,
Scan Me! implemented. The oil and gas See page 3... Shauna Noonan certainly See page 4...
12 Science Course 3
OPEC’s Move Brought Oil Prices to Rebound Mar
in The Second Quarter of 2021
Enhanched Oil Recovery: Towards Indonesia
2030 1 Million BOPD Target
Limiting oil supplies to April was a surprise move for 13-14 Petrolida Talks
Mar
OPEC at the start of the second quarter of this year. The
move, which has accelerated this year’s rally and caused
prices to surge more than 35%, is also supported by
Saudi Arabia’s decision to extend voluntary restrictions
as well as a rebel attack on the world’s largest crude
terminal. In Asian trade, oil prices surged above $ 71
per barrel, while in London, futures jumped as much
as 2.6% at the open after gaining 4.9% last week. This
resulted in a surge in investment from several banks
regarding their price estimates, with Goldman Sachs
Group Inc. estimates the global benchmark Brent will 21 SPE ITS x Kinobi Soft Skill Course
hit $ 80 a barrel in the third quarter. Citing the opinion Mar
of Australia & New Zealand Banking Group Ltd, “The
OPEC+ decision signals an intention to draw further
supplies, without worries about excessive market
tightening, The recovery in demand is seen to be
accelerating, with growth expected to increase by 7
million BPD in the second half of the year the first half.”
(Sunra)
How to Land Your Dream Internship?
Fracturing Fluid
In this year’s big event of SPE ITS SC, Petrolida 2021, we
established a new competition called the Fracturing Fluid Design
Competition, which led to many questions and unfamiliarity of
the term. To tell you about fracturing fluid, it is a general term
for the liquid that is pumped underground during hydraulic
fracturing processes. Hydraulic fracturing creates small fissures
in subsurface rock formations to increase flow of fluids. In these
fracturing processes, large amounts of these water-based
fluids containing a variety of chemicals are pumped into the
target formation. The potential harm to human health and the
environment as a result of the use of these fracturing fluids is a
topic that is widely discussed. Despite the potential associated
health and environmental concerns, fracturing fluids are used to
obtain oil and natural gas from formations that otherwise would
not produce these fossil fuels. The competition itself challenges
the delegates to find the perfect mixture of base fluids, chemicals,
and proppants based on a provided case. (Ory)
2
The discovery of abundant natural gas in Badak Gas Field, East Kalimantan, by Huffco
Inc. in early 1972 was the starting point for the journey of PT Badak LNG or now known
as Badak LNG. Even though at that time the existence of LNG was not well known and
there were only four LNG refineries in the world with 3-4 years of operating experience,
Pertamina and Huffco Inc. agreed to develop an LNG project that can export liquefied
natural gas in large quantities. These efforts eventually paid off with the approval of LNG
sales contracts to five Japanese companies: Chubu
Electric Co., Kansai Electric Power Co., Kyushu
Electric Power Co., Nippon Steel Corp., and Osaka
Gas Co. Ltd., on December 5th, 1973. Carrying a vision
to continue operating LNG facilities with the most
satisfying performance and providing high-quality
services to the global LNG industry, Badak LNG has
contributed considerably to the international gas
industry and has been listed as the spearhead of the
history of the Indonesian LNG industry for 4 decades.
(Sunra)
For A Sustainable Future
Hydrogen Blending
A Concern Over Fugitive Gas Emission
in Oil and Gas Practices
1. Carryover : A phenom-
enon in which free liquid
leaves with the gas phase at
the top of a separator.
2. Densimeter: An instru-
ment that measures the
specific gravity of a mixture
of gas, liquid and solids.
As countries and industry key players face the challenge
of energy transition, countless sustainability initiatives are
3. Flare : The burning of
implemented. The oil and gas industry is greener than ever
unwanted gas through a
before. As featured in the Journal of Petroleum Technology,
pipe.
it was reported that Australia’s gas infrastructure owners test
for hydrogen blending with the belief that future-proofing the
4. Scrubber : A device to
pipeline network will assist the transition to a green economy.
remove dirt, water, foreign
Hydrogen blending is the process of blending hydrogen
matter, or undesired liquids
safely with natural gas because the industry is pressured with
that are part of the gas
climate emergency, which is a negative impact caused by
flowstream.
the usual natural gas on the environment. A study done for
the government found hydrogen can be safely added to gas
supplies at up to 10% by volume without having to modify 5. Desiccant : A substance
pipelines or appliances. The advantage of blending hydrogen used in a gas-dehydration
into gas allows for a gradual buildup of the hydrogen industry, unit to remove water and
requiring electrolyzers of up to 1 gigawatt, compared with the moisture.
bigger, more costly electrolyzers that will be needed for green
hydrogen exports. The positive effect of hydrogen blending
might not be instant, but it sure is aligned with Australia’s
pledge to achieve net-zero carbon emissions by 2050. (Ory)
3
3
Shauna Noonan, 1
Apr PROTECT 2021
25 Influential
Women
in Energy
Honoree
A surprising fact about
this former President
of Society of Petroleum 10 PETROLIDA 2021 : Main Event
Engineers is that as Apr
a Vancouver native,
Shauna Noonan
certainly wasn’t raised
with the thought of oil
and gas being in her
future, instead she had
her mind on medicine
at first. Meanwhile in
pre-med, she was not
enjoying herself and
referred to it as a “cut-throat” experience. But with
her love for geology, Shauna realized that petroleum
engineering was the perfect fit.
“There are [approximately] 840
Shauna Noonan is the Senior Director of Supply million people on this planet
Chain Management for Occidental Petroleum
Corporation. She also had experience working
that still do not have access to
worldwide on artificial lift projects and technology electricity; knowing that I work
development at ConocoPhillips and Chevron for over
22 years. She served on the SPE International Board
in an industry that contributes
of Directors as the Technical Director for Production to reducing energy poverty and
and Operations and returned to lead the SPEI Board improving the standard of living
as the President. In 2020, Hart Energy Magazine
named her as one of the 25 Most Influential Women for individuals in this world is
in Energy. such a motivation.”
(Ory)
The Natural Phenomenon of
Petroleum Seepage
In the early days of petroleum exploration, oil wells were drilled
randomly located next to the seepage. The technique was relatively
successful at the time, especially before the development of seismic
technology. Petroleum seeps on the surface are direct indicators of
hydrocarbon accumulations in the subsurface, and it could reflect
hydrocarbon migration in a sedimentary basin. Hydrocarbons in the
subsurface can escape to the surface through fractures in rocks and
weak points between geological layers as a result of high pressures
at depths. Hydrocarbon seeps are often associated with faults,
fractures, folds, unconformities, and salt domes structure. Seeps
not only occur on land but can also occur under the sea above the
subsurface petroleum sources. (Sonny)
