RIL, BP start gas output from ultra-deepwater R-Cluster
Field is first of 3 being developed in KG-D6, to go on stream
Reliance Industries Ltd. (RIL) and BP plc have announced the start of production from R-Cluster, the ultra-deepwater gas field in the KG basin’s D6 block.
The two partners are developing three deepwater gas projects in KG-D6 — R-Cluster, Satellites Cluster and MJ — which together are expected to meet 15% of India’s gas demand by 2023, RIL said in a statement.
“These projects will utilise the existing hub infrastructure in KG-D6 block,” the company added. RIL is the operator of KG-D6 with a 66.67% participating interest and BP holds the rest.
R-Cluster is the first of the three projects to come on stream. The field is located about 60 km from the existing KG-D6 Control & Riser Platform (CRP) off the Kakinada coast and comprises a subsea production system tied back to CRP via a subsea pipeline, the company said.
‘Deepest in Asia’
“Located at a water depth of greater than 2,000 m, it is the deepest offshore gas field in Asia. The field is expected to reach plateau gas production of about 12.9 million standard cubic meters per day (mmscmd) in 2021,” RIL said.
The next project, the Satellites Cluster, is expected to come on stream in 2021, followed by the MJ project in 2022, it added.
“Peak gas production from the fields is expected to be around 30 mmscmd by 2023 which is expected to be about 25% of India’s domestic production and will help reduce the country’s dependence on imported gas,” it added.
December Is Set to Be Covid’s Deadliest Month in the U.S. by Far
December is shaping up to be the U.S.’s worst month of the pandemic by a significant margin, underscoring the urgency of the vaccine rollout to the most vulnerable Americans.
Through Thursday, the U.S. had already posted 42,535 Covid-19 deaths, the most for any month except for April, according to Covid Tracking Project data and analysis.
But deaths are rising at a daily average of 2,560; if sustained, that would put the nation at more than 78,000 fatalities by the end of December, 42% higher than April. What’s more, record hospitalizations and average cases suggest that deaths — a significantly lagging indicator — could accelerate even further.
Still, authorities hope the vaccine push at long-term care centers will soon start to blunt the virus’s impact.
Nationally, the U.S. recorded 241,620 new Covid-19 cases on Thursday, pushing the seven-day average to a record 214,741. In total, the virus has killed about 311,000 people in the U.S., according toJohns Hopkins University data.
According to Covid Tracking Project data:
- An all-time high of 114,237 people are currently hospitalized in the U.S. with Covid-19.
- Thefollowing states posted single-day record cases on Thursday: West Virginia, Arkansas and Maine.
California Hit By Blackouts Again As Wind Stokes Risk of Fires
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Edison International’s Southern California Edison utility said Friday it cut power to about 1,100 customers near Los Angeles to prevent its live wires from sparking wildfires during high winds.
As many as 44,400 more homes and business in five counties could lose electricity as gusty conditions returned to Southern California, the utility said on itswebsite. Winds could top 40 miles (64 kilometers) per hour in the region on Friday, bringing “elevated to locally critical fire-weather conditions,” the U.S. Storm Prediction Center said.
Oil Futures Settle Sharply Higher, Posts Gains For 7th Straight Week
Despite continued surge in new coronavirus cases across the world, crude oil futures ended higher on Friday amid hopes energy demand will pick up gradually following another coronavirus vaccine getting the nod from the U.S. drug regulator.
The recent data from Energy Information Administration (EIA) that showed a sharp drop in crude oil stockpiles last week continued to support oil prices.
Oil is also continuing to be supported by the recent decision of the Organization of the Petroleum Exporting Countries and allies to slow the pace of a planned increase in supplies next year.
West Texas Intermediate Crude oil futures for January ended up $0.74 or about 1.5% at $49.10 a barrel.
Brent crude futures moved up nearly 1.5% to settle at $52.26 a barrel.
According to a report released by Baker Hughes, the number of active U.S. rigs drilling for oil rose by 5 to 263 this week, continuing to rise for a fourth straight week.
The total active U.S. rig count, including those drilling for natural gas, increased by 8 to 346.
An U.S. FDA panel recommended emergency approval of Moderna vaccine, paving the way for six million doses to start shipping as soon as this weekend.
Vaccines developed by Pfizer/BioNTech got the nod earlier this month. The U.S., U.K. and Canada have already given the go-ahead and have begun administering the vaccines now.
Certain Private Residence Elevators Being Recalled Over Safety Concerns
Otis Elevator Company has recalled about 5,000 private residence elevators to inspect due to entrapment hazard.
The Consumer Product Safety Commission approved the first-ever safety recall for a residential elevator because of the danger posed to children. Faulty residence elevators have resulted in several injuries and deaths of small children.
The recall involves Otis private residence elevators purchased before 2012 and CemcoLift private residence elevators purchased from 1999 to 2012.
The company has asked the customers to disable or block children’s access to any Otis or CemcoLift private residence elevator and contact Otis to schedule a free inspection and the installation of space guard.
Otis said it is aware of at least four incidents involving an Otis or CemcoLift private residence elevator that resulted in a crushed spine and abdomen, fractured hip, broken arm and feet, and bruising to the face and chest.
The recalled Otis private residence elevators and parts were sold to independent third-party contractors and, occasionally, directly to consumers through 2012.