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NorthAmOil                                  NEWS IN BRIEF                                        NorthAmOil








                                                                                  Jereh’s electric fracturing unit, IntelliFrac,
                                                                                is equipped with a 7000 HP plunger pump
                                                                                which increases running time and produces
                                                                                high pressures for fracturing operations.
                                                                                Additionally, the electric equipment can
                                                                                fine-tune injection rates and pressure
                                                                                since electric motors replace diesel-fueled
                                                                                systems, maintenance costs, and waste. Jereh’s
                                                                                IntelliFrac can be powered with the grid or
                                                                                with Jereh’s Power2Go, a Mobile Gas Turbine
                                                                                Generator Set that produces 33 MW of
                                                                                electricity – used to power an entire electric
       reduction or other partnership uses, was   rebate to consumers for $735mn for the year   fracturing fleet. Jereh has supplied more than
       $324mn during fourth quarter 2022, versus   if the cap was set at $0.50 per gallon. Phillips   300 units of its electric fracturing technology
       $291mn during fourth quarter 2021.  66 would owe $246.7mn rebate to consumers   worldwide.
       MAGELLAN MIDSTREAM PARTNERS, February   for its profiteering in previous quarters. The   Jereh’s Turbine Fracturing Unit, Apollo,
       02, 2023                            total owed by four of California’s five refiners   can run on 100% natural gas or diesel. When
                                           would be over $3.3bn. (PBF Energy reports on   powered with 100% natural gas, it optimizes
                                           February 16.)                        fracturing operations by increasing efficiency
       DOWNSTREAM                          CONSUMER WATCHDOG, January 31, 2023  and flexibility and decreasing operations costs.
                                                                                The output power of one Apollo is equivalent
       Two California refiners             SERVICES                             to that of two conventional 2500HP diesel
                                                                                fracturing units. Compared with traditional
       reveal windfall profits             Jereh showcases its                  diesel engine frac spreads, Apollo reduces
                                                                                costs by lowering the operating footprint by
       for 2022, continuing in             innovative ESG-compliant             43% and provides more HHP.
                                                                                JEREH, February 01, 2023
       footsteps of Chevron,               fracturing technology at             KP Engineering acquired by

       Consumer Watchdog says

       Marathon Petroleum made $0.75 in profit per   HFTC2023                   the Shaw Group
       gallon off West Coast drivers in 2022, virtually   In alignment with the industry trend of   KP Engineering (KPE), a leader in the
       doubling what it made the year before,   focusing on innovative technologies to replace   design and execution of customised EPC
       strengthening the case for the California   conventional fracturing, Jereh showcased   solutions for the refining, syngas, hydrogen,
       legislature to enact a windfall profits penalty.   its newest fracturing solutions at HFTC   and renewable fuels industries, is pleased to
       Meanwhile Phillips 66 reported fourth quarter   2023: Apollo – Turbine Fracturing Unit and   announce the completed acquisition of its
       West Coast results indicating a moderating   IntelliFrac – Electric Fracturing Unit, which   assets by the Shaw Group, a leader in global
       influence simply from the threat of a windfall   lower emissions, are less costly, and feature a   pipe and module fabrication. Going forward
       profits cap, Consumer Watchdog said today.  better performance by giving more condensed   the company’s new legal entity will be KP
         Four out of the five big California refiners   horsepower per unit.    Shaw.
       have now reported profits of $72.5bn for   The oil and gas industry is facing   Shaw has built a reputation as the premier
       the year. (Chevron, Marathon, Valero, and   increasing demands to increase efficiency   fabrication company throughout the US and
       Phillips 66.)                       and reduce its carbon footprint to address   Middle East, with 1500 employees across
         “These profit reports show that oil refiners   rising GHG emissions and become more   six state-of-the-art facilities. This strategic
       are taking note of the debate around the   sustainable. “Companies are beginning to   acquisition will further enable Shaw to deliver
       windfall profits rebate and letting up on their   implement electric fracturing fleet or direct-  complete engineering, procurement, and
       profiteering in the fourth quarter after the   drive turbine fracturing fleets for fracturing   fabrication (EPF) project solutions to a variety
       Governor announced the special session   operations, and those who have made the   of industries around the world. KPE brings
       to deal with problem,” said Jamie Court,   switch, don’t go back to diesel,” said Mr. Lyoid   a 19-year history of superior engineering,
       President of Consumer Watchdog. “Still, last   Fussell, Jereh VP of Business Development, on   procurement, and project management to
       year’s greed at the pump was palpable. If a   SPE Tech Talk.             Shaw, which will now offer unparalleled
       windfall profits cap had been in effect in 2022,   Since 2011, Jereh has been manufacturing   modular and EPF solutions to the oil and gas,
       Marathon would have had to return $735mn   fracturing equipment to facilitate the   hydrogen and chemical, and renewable fuels
       to overcharged consumers.”          transition to cleaner energy sources and   and energy industries.
         The legislature is considering legislation,   promote decarbonisation while improving   William E. Preston, who will continue
       SBx1 2 (Skinner) to establish a windfall profits   operational efficiency and reducing costs   as the president and CEO of KP Shaw, says:
       cap on how much oil refiners can make in   of oil and gas production companies. Jereh   “This acquisition serves to fulfil an urgent
       profit per gallon of gasoline. Consumer   provides both direct-drive turbine fracturing   requirement for bankable EPF service capacity
       Watchdog has suggested penalties kick in   and electric fracturing equipment, the most   in the growing North American market.
       after $0.50 per gallon. If the legislation was in   innovative and ESG-compliant fracturing   KPE enhances the services in Shaw’s already
       force, Marathon would be on the hook for a   equipment available today.  strong portfolio of offerings, which includes



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