Page 13 - NorthAmOil Week 05 2023

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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