TOPICS OF INTEREST
TD Column: Lessons Learnt From 50 Years in the Oil and Gas Business
SPE’s technical director for Production and Facilities, shares some hard lessons learned—and successes—over his 50 years of experience, from being a greenhorn to launching his own business.
Baker Hughes To Supply LNG Compressors to Qatar Petroleum
Baker Hughes scored what it said is among the largest LNG deals it has secured in the past 5 years. The compressors will be installed in Qatar Petroleum’s North Field East LNG trains, boosting Qatar’s total LNG production capacity from 77 mtpa to 110 mtpa.
Digital Evolution in Oil and Gas: Barriers, Successes, and the Future
A recent panel discussion highlighted the industry’s progress in achieving significant digital advances. However, barriers remain, and the measurement of success is being defined in this evolving technological step change.
Petrobras Cuts E&P Capex, Buzios Oil Field To Account for 70% of E&P Investments
Brazil’s national oil company estimated a reduction of 22 to 38% in capital expenditures in E&P from its 2020–2024 strategic plan and expects to spend $6 billion through 2024 to decommission offshore platforms and wells and underwater gas pipelines.
Equinor Awards Contracts for Breidablikk Development
Equinor awarded multimillion-dollar contracts to Aker Solutions and Wood for work on the oil field in the Norwegian Continental Shelf. It said about 70% of the contracts for the development phase is expected to go to Norwegian companies.
China Planning Railway To Transport Vaca Muerta Production
PowerChina said railway plans are moving forward under Argentina’s current administration and China could provide the financing for the $1.2–1.5 billion project.
Keystone XL Operator TC Energy Will Have a New Top Boss in 2021
One of North America’s biggest midstream companies is getting a new chief in the new year. He will oversee the construction of a 1,200-mile-long pipeline that has been a decade in the making.
US DOE To Fund Sodium-Ion Battery and Methane-Detection Development
Natron Energy aims to scale up domestic manufacturing of sodium-ion batteries , and Bridger Photonics will target the operational efficiency for leak detection and emissions tracking.
US Agencies Advance Research To Increase Gulf of Mexico Production
The research will focus on potential policy changes that could help increase oil and gas production from deepwater infrastructure already in place in the Gulf of Mexico to reduce stranded assets.
Equinor Awards Engineering Study to Aibel for Unmanned North Sea Process Platform
The contract is for Equinor’s unmanned process platform at the Krafla field in the North Sea, with plans for tie-in to an Aker BP host platform in the North of Alvheim area.
Seadrill Seeks Creditors' Forbearance To Avoid Filing Chapter 11
Seadrill is seeking options to restructure its $7.3-billion debt. The offshore driller previously emerged from Chapter 11 bankruptcy protection in 2018.
Lake Charles LNG Projects Needs Another 5 Years To Build
Global market conditions have impacted Magnolia LNG’s ability to reach FID. Kinder Morgan’s pipeline project also depends on an FID for the Magnolia LNG project.
Roomba for Ships? Shipping Company To Use Robotics for Hull Cleaning
To provide condition monitoring and combat fouling, the robot clings and moves along the hull walls. It is controlled via a 4G connection to clean and inspect the walls in line with individual vessel schedules developed through a proprietary algorithm and big data.
West White Rose Project Off Newfoundland at Risk of Cancellation
Facing a minimum 1-year delay to startup, Husky Energy discussed the West White Rose extension project’s challenges and risks with Canadian local and federal governments. Cancellation is a possibility, according to a Husky executive.
Baker Hughes Aims To Balance Shifting Portfolio With Energy Transition
As the company aims to become carbon net zero by 2050, it is undertaking a three-pronged approach focused on transforming its core, investing for growth, and positioning for the future.
Oilfield Services and Equipment Sector’s Job Losses Surpass 100,000
Although OFS employment is at its lowest point since March 2017, job losses slowed in August as companies start to recover.
North Sea Decommissioning Costs Estimated as Double Those in SE Asia
Rystad Energy compared the decommissioning costs based on two similar steel platforms, one in each region, using its cost-estimating tool.
GOM Offshore Pipeline Lifts Force Majeure After Hurricane Laura
Garden Banks Pipeline was notified that the Sea Robin delivery point was also made available after Enbridge lifted its force majeure.
US LNG Construction Needed To Fuel Energy Transition
Tellurian CEO Meg Gentle outlined how the US LNG market should address expected tight market conditions through 2025 while managing a transition to a carbon neutral environment.
US Army Corp of Engineers Requests Settlement With North Dakota
The pipeline continues to operate as courts weigh expedited appeals from the Army Corp of Engineers and Energy Transfer.
Vietnam LNG-to-Power Project To Use Jetty-Less Technology
The metocean and tidal conditions led to the development of the jetty-less solution for the project, which Delta Offshore continues to push toward FID.
GOM Offshore Pipeline Remains Down After Hurricane
A platform connecting to the Garden Banks pipeline was undamaged by Hurricane Laura, but Enbridge declared force majeure after inspecting the facilities.
Equinor Completes Drone Logistics Operation for Troll A Platform in North Sea
The Norwegian company completed what it describes as the world’s first logistics operation with a drone to an offshore installation.
Drone Used For World's First Logistics Operation to Equinor Platform
Equinor said drones could reinforce safety, boost production efficiency and contribute to lower CO2 emissions from Norwegian oil and gas
JIP33 Phase 3 Unveils Two Power System Specifications
The AC and DC uninterruptible power system specs were prepared with the support of the World Economic Forum. Phase 3 of the program aims to develop 40 new specifications.
Global E&C To Consolidate Business Units
The moves are part of the company’s plan to consolidate its recently acquired business units to stabilize its business following the global pandemic and economic downturn.
Engineering Construction Firm to Provide FEED for Vietnam LNG Power Project
The FEED contract is expected to be converted into an engineering, procurement, construction, and installation contract in Q1 2021.
Economic Downturn Underlines Key Risks for Midstream Operators
An economic downturn and global pandemic are among many issues US midstream operators are dealing with in 2020, including exposure to upstream bankruptcies, limited M&A activity, and regulatory issues.
Petrobras Awards Contracts for ROV Services and Supply Vessels
The 3-year contracts were awarded to Solstad, OceanPact, and Fugro.
Another 150 North American E&Ps May Require Chapter 11 Protection Through 2022
Several E&P and OFS companies have already filed for Chapter 11, but unless prices strengthen the total number of filings could be as high as 190 by 2022.
PTTEP Awards Contract to Halliburton for Offshore Digital Transformation Project
The software solution aims to improve operational efficiency and production from subsurface to processing facilities in four offshore fields.
BSEE Policy Change Would Allow Longer Tieback Extensions
BSEE said details of the policy change will come later this year.
Smaller LNG Projects More Viable Ahead of Potential Supply/Demand Shortfall
Companies are planning smaller LNG plants, which may be COVID-proof, but the industry still faces a 100-mtpa supply shortfall in the mid-2020s.
Offshore Driller Valaris Files Chapter 11 To Reduce $7-Billion Debt
Valaris, formed in 2018 after the merger of Houston-based Rowan Cos. and London's Ensco, faces fallout from the oil-price drop, canceled or delayed drilling programs, and contract and day rate modifications.
JIP33 Unveils Subsea Pipeline Valve Specs
The specification defines a minimum common set of requirements for the procurement of subsea pipeline valves.
TD Column: What’s Next? Looking Beyond the Decade of Change
To navigate the new business environment, the P&F community must advance promising concepts through the feasibility, design optimization, and/or pilot testing phase into the detailed design, execution, commercialization, and optimization phases.
Tellurian Provides Update on Driftwood LNG Project
The company deferred three of four pipelines as it continues to push toward final investment decision.
As One Louisiana LNG Project Begins, Others Still in Development
The Cameron LNG project completed its final train this month, but other LNG projects such as Calcasieu Pass LNG, Driftwood LNG, and Lake Charles LNG face difficulties during the economic downturn.
COVID-19 Pushes OFS Headcount to Lowest Level in Over a Decade, Revenue Per Employee Set to Decline
Among the top 50 oilfield service firms, downsizing is estimated to land at a headcount of 610,000, down from the 760,000 maintained after the 2016 downturn.
Pipeline Leak-Detection Company Joins Chevron Technology Ventures Program
A volatile market, and a shift to more remote operations during the global pandemic has been a catalyst for demand for mIQroTech’s leak-detection technology
Brazilian Major Announces Mothballed Platform and Binding Phases for Offshore/Onshore Assets
The announcements are part of the company’s divestment strategy to reduce debt and improve capital.
US Geothermal Power Technology Shifts From Steam to Binary Cycle
Nearly 90% of geothermal capacity built since 2000 is binary cycle.
New-Design Containment System To Be Deployed on LNG Carrier for China
The LNG A-Box containment system is designed for LNG carriers to serve smaller terminals, where larger ships are not feasible.
Fugro Conducts First Fully Remote Inspection of Platform
The fully remote inspection was conducted with an ROV to increase worker safety and security and reduce environmental exposure on an offshore platform.
Offshore Driller Noble Files Bankruptcy To Shed Debt of $3.4 Billion
Citing impacts from COVID-19, Noble Corp. is entering into a prearranged agreement with its bondholders that will give it a fresh start with a new line of credit.
JIP33 Publishes Two Gear Units Specs
IOGP JIP33 plans to publish more than 30 specifications by the end of the year.
Remote Operations Development Unveiled for ROV Systems
Development in software, technology, and a global 4G network combine to make ROV operations possible between offshore vessels and remote locations.
UK Offshore Production Reaches 80% Efficiency Years Ahead of Expectations
For the seventh straight year, the regulatory body has found offshore operations continue to improve based on an efficiency model developed in partnership with the SPE.
Canada's Shipping Runs Off the Rails
The country’s once-thriving railway system has skidded to a stall, falling victim to low crude-oil prices, reduced demand, and government-imposed oil production cuts.
Operator Seeks $1 Billion for FPSO To Advance North Sea Life-Extension Project
Vår Energi is looking to extract another 136 million BOE from the Balder Field. Production is anticipated in 2H 2022.
What Are the Market Drivers for a Recovery?
Crude oil and natural gas prices may recover moving into 2021, albeit at different rates brought on by a variety of market dynamics. Geopolitics and the potential for another wave of COVID-19 cases and resulting lockdowns still pose a threat to the industry.
Western Australia LNG Project Expects Full Trains Online in September
Repair work on the Gorgon LNG plant’s propane heat exchangers is underway. Planned maintenance on the Gorgon Train 2 was expected to end in July.
The Influence of Test Parameters on Crude-Oil Yield Stress
Production of paraffinic crude presents challenges due to depressurization and cooling of crude oil during production.
Construction Begins on Pressure Vessel Heat Exchanger Facility in Texas
The facility will offer services to design, manufacture, test, certify, and stamp exotic-metal pressure vessels, heat exchangers, and scrubbers. Logan Industries will collaborate with two sister companies in the Netherlands to accommodate workloads.
TDI-Brooks Completes Environmental Post-Operations Surveys in Mexico
The EPSO surveys were completed offshore Mexico for Total and Cairn in compliance with requirements of Mexico’s National Agency for Safety, Energy, and Environment.
Energy Transition Projects Could Replace Up to 40% of OFS Upstream Revenue
Around $90 billion, or 40% of the revenue from the top 50 players in the global service market, could potentially be replaced by energy transition projects, such as clean energy infrastructure and renewable energy production development services.
Certification Program Aims To Verify Upstream Carbon Intensity per Barrel of Oil
Intertek’s program aims to provide validation of the carbon impact of producing 1 BOE across an entire production portfolio, in aggregate, or by field.
Carbo Ceramics Leaves Chapter 11 With New Ownership
The investment group Wilks Brothers, now owners of Carbo Ceramics, has sought stakes in other OFS companies this year.
South Texas LNG Project To Optimize Number of Trains, Reduce Emissions
The original technology selected in 2015 and 2016 for Rio Grande LNG has since evolved. With five trains instead of six, Rio Grande LNG will still produce 27 mtpa.
US Crude Exports to China May Depend on Arbitrage
US crude exports to China have decreased from peak levels in May and June, but Vortexa said there may be unique opportunities looking forward.
Petrobras To Build Brazil’s Largest Platform
In its push to boost deepwater production, Petrobras is aiming to launch a leasing tender to build an FPSO described as Brazil’s largest-ever oil platform. Decommissioning work begins in the Campos and the Sergipe-Alagoas Basins.
Financing Secured for Mozambique LNG Project
The Mozambique LNG project expects to achieve financial close in Q3.
US Gulf Lease Sale Set for November
Lease Sale 256 was originally set for August but was moved due to COVID-19’s impact on the oil and gas markets. Bids will be accepted by mail only due to the ongoing pandemic.
Aker Solutions To Merge With Kværner
The combined company will target the renewables market. Aker Solutions intends to spin off its wind development and its carbon capture technology businesses into two new companies, which will be part of its renewable energy group, Aker Horizons.
Weatherford Signs Deal With Iraqi Drilling Company
The 18-month contract is for work in the Al-Nasiriyah oil field in southern Iraq’s Dhi Qar province.
LNG Transport Options Widen in North America
Larger-capacity LNG truck trailers and new regulations for transport by rail are providing more options for industrial consumers in remote locations.
Are Gas Pipelines Really Impossible To Build?
The growing opposition in the US for new natural gas pipelines comes as supply and demand continue to grow. Pipelines are necessary for the transport of the gas. Why is there a disconnect between the two?
Frac Sand Companies’ Bankruptcies Add to OFS Sector Troubles
The contraction of the shale sector and its operations such as drilling and completions due to COVID-19 and the drop in oil price has sifted down to the frac sand suppliers.
JIP33 Publishes Spec for Welding of Pressure-Containing Equipment/Piping
IOGP JIP33 specifications comprise supplemental specification, quality requirements, information requirements, and a data sheet.
Petrofac JV Nabs $135-Million Contract for Kazakhstan Water-Treating Facilities
The North Caspian Project in Kazakhstan covers the Kashagan, Kairan, Aktoty, and Kashagan South West fields.
Major North American Pipelines Projects Hit With Setbacks
US Court decisions put two major pipelines on hold and led to the cancellation of another pipeline project within days of each other.
US Authorizes Exports From Jordan Cove LNG Project
The US approved construction and operations for the Jordan Cove project in March; first gas is anticipated in 2024
Saipem To Install Subsea System for Búzios Pre-Salt Project
The Búzios-5 production system is planned to include the interconnection of 15 wells to a floating production, storage, and offloading vessel in two phases.
A Single FPSO Award Forecast in 2020
Awards are expected to recover to seven vessels next year. Over the past 10 years, only 2016 saw a lower level of activity when not a single FPSO contract was awarded.
Sercel Invests in Startup AMBPR To Build Robots for Oil and Gas
The partnership will deliver autonomous robots for safe work in adverse land, sea, and downhole environments.
McDermott Storage Unit To Install Tanks for Canadian Pipeline Expansion Project
CB&I Storage Solutions joins a list of contractors working on the Trans Mountain Expansion Project.
BP Sells Alaska Business To Hilcorp for $5.6 Billion
The deal follows BP’s divestment of its global petrochemicals business in late June.
Engineering for a Greener Oil and Gas Industry
If we must reduce emissions to make our industry “greener,” what are some of the options that we can apply?
Solutions to Atmospheric Carbon Maintain Advantages of Petroleum
Approaches to carbon abatement using petroleum are discussed that have a strong chance to succeed in fulfilling technological and economic goals in reducing carbon.
Offshore Infrastructure Reuse Can Contribute to Decarbonization
The Hydrogen Offshore Production project identifies an alternative to decommissioning by providing reuse options for offshore infrastructure. It aims to prove the feasibility of decentralized hydrogen generation, storage, and distribution to provide a bulk hydrogen solution.
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10 September 2020
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ITEMS OF NOTE
07 August 2018
20 July 2018
16 February 2018
18 December 2017
28 November 2017