Page 11 - NorthAmOil Week 38 2021

NorthAmOil PERFORMANCE NorthAmOil

while Shell owns 45.39% of Ursa and BP, Exx- Ida, a Category 4 hurricane, severely dis-
onMobil (15.9600%) and ConocoPhillips own rupted upstream operations production in the
22.69%, 15.96% and 16.96% respectively. Gulf of Mexico as well as coastal downstream
The Anglo-Dutch super-major noted that operations in late August.
around 60% of its operated production in According to the US Bureau of Safety and
the Gulf of Mexico was back online, with this Environmental Enforcement (BSEE), 95.7% of
including the Turritella floating production, Gulf oil production and 93.8% of gas output was
storage and offloading (FPSO) vessel. The shut in when the storm made landfall on August
company noted that the hurricane had not dis- 29. This equates to 1.74mn barrels per day (bpd)
rupted its Perdido asset in the south-western and 2.09bn cubic feet (59.2mn cubic metres) per
Gulf of Mexico. day of oil and gas shut-ins respectively.™

PROJECTS & COMPANIES

Opposition mounts to Tilbury LNG expansion

CANADA THE City of Vancouver on September 22 passed
a non-binding motion to oppose a planned
expansion at the Tilbury LNG plant, citing the
emissions that the project will cause.
The C$3.0-3.5bn ($2.4-2.8bn) Tilbury
LNG Phase Two Expansion Project will
result in a tenfold increase in the facility’s
LNG production capacity to 7,700 tonnes
per day (2.8mn tonnes per year). Its oper-
ator, FortisBC, said that growing interna-
tional demand justifies the investment, Critics of the Tilbury expansion argue that
although it is yet to sanction development. much of the gas that will supply the facility will
The motion, put forward by Councillor Chris- come from hydraulic fracturing operations in
tine Boyle, warned that the expansion would north-east British Columbia. The cities of Rich-
undermine efforts to tackle climate change. mond and Port Moody have already expressed
“I think we need to take a leadership role here their opposition to the project, although the city
and oppose this [greenhouse gas] emitting, dan- of Delta, where the facility is located, is yet to take
gerous project,” another supporter of the motion, such a step.
Jean Swanson, said. The expansion project was due to have a larger
New upstream developments have come capacity of 11,000 tpd, but FortisBC downsized it
under heightened scrutiny since the Inter- in to 7,700 tpd. This was after the company filed
national Energy Agency (IEA) released a a detailed project description with authorities
report in May stating that in the scenario in September, around 18 months after filing the
where the world reaches the 2050 net-zero initial project description. The company is yet
emissions target, no further investment in to say when it intends to take a final investment
either oil or gas is needed. decision (FID) on the project.™

Week 38 23•September•2021 www. NEWSBASE .com P11