TOPICS OF INTEREST
PROJECTS, FACILITIES & CONSTRUCTION
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Financing Secured for Mozambique LNG Project
The Mozambique LNG project expects to achieve financial close in Q3.
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?
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.
JIP33 Publishes Spec for Welding of Pressure-Containing Equipment/Piping
IOGP JIP33 specifications comprise supplemental specification, quality requirements, information requirements, and a data sheet.
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.
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.
Asian Demand Boosts North Sea Crude Exports
Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high.
Tracerco Wins Large-Scale Inspection Project in Caribbean Sea
The inspection projects to assess water ingress will be done via remotely operated vehicle.
Equinor Issues Two Letters of Intent for Snohvit’s Askeladd Vest
Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year.
Supply/Demand Fundamentals Bring US LNG Exports Down More Than Half in Q2
The drop in US LNG exports comes amid a combination of weak demand, ample supply, additional capacity coming on line, and flexibility to cancel US cargoes.
Poland To Expand LNG Terminal Capacity
Poland state officials said the terminal expansion is crucial to strengthening the country’s energy security by increasing its capacity to receive LNG and gas from European countries and decreasing its dependence on Russia.
Excelerate Receives its Tenth FSRU in South Korea
The vessel is capable of operating as both an FSRU and a fully tradable LNG carrier.
Offshore Drilling Drying Up as Debts Continue To Swell
With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat.
Offshore Drilling Drying Up as Debts Continue To Swell
With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat.
Cyberhawk Awarded Multimillion-Dollar Drone-Access Deal with Shell
The contract continues the two companies’ 8-year working relationship; in 2012, they performed the world’s-first underdeck inspection.
Kongsberg Maritime, Ocean Infinity Sign Deal To Equip Unmanned Surface Vehicles
Armada to install ROV launch and recovery system on its fleet of robotic ships.
Experts Discuss the Health of US LNG Industry
Texas LNG’s CEO Vivek Chandra and ALNGE Principal Luc Speeleveld outlined key issues and concerns facing the US LNG industry now and in the future as market dynamics remain affected by COVID-19.
Appalachian Trail Pipeline To Continue After Supreme Court Ruling
Supreme Court upholds ACP’s controversial permit to lay pipe under national forest and across two states.
Aker Wins Umbilicals Contract for King’s Quay Development in GOM
Delivery of the umbilicals is expected in Q4 2021. The King’s Quay FPS achieved FID in Q2 2019, and is expected to process up to 80,000 B/D of crude oil with first production in 2022.
Arctic LNG 2 Project on Schedule for 2023 Startup
The meeting with project partners comes less than a month after Mammoet was awarded an unloading, transportation, and installation contract.
Equinor Proceeds With Powering Sleipner Field From the Norwegian Shore
Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year.
Energean’s Karish Project Back on Track
Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned.
Aker Energy Reaffirms Commitment to Pecan Field Development
The FPSO vessel will reduce capital expenditure and breakeven costs and increase commercially feasibility, leading to FID.
McDermott Completes Pan-Malaysia Transportation and Installation Projects
McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.
No Project Sanctions Expected in Gulf of Mexico This Year
Forecasts are lowered for levels of E&P, budgets, and project sanctioning.
WFS Technologies and Subsea Energy Solutions Form Cable Production System Collaboration
WFS Technologies’ collaboration is its second in as many months supporting its Seatooth technologies.
Petrofac Secures Well Management Contract for IOG Core Project Phase 1
Petrofac’s well management contract comes nearly a month after IOG received approval for phase 1. The contract also follows an EPC contract awarded to Subsea 7 in May.
Future of Suncor Terra Nova FPSO Remains Uncertain After Fire
The fire at the Terra Nova FPSO comes 6 months after C-NLOPB found Suncor noncompliant with regulatory requirements and suspended operations.
UPDATE: Total Faces $12 Billion Shortfall as it Continues $20 Billion Mozambique LNG Project
Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months.
North Sea To Lead Increased Spend in Decommissioning
Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024.
Mammoet Awarded Unloading, Transport, Installation Contract for Arctic LNG 2
The contract is Mammoet’s biggest in terms of aggregate tonnage. The Arctic LNG 2 project reached FID in September 2019.
Prudent Ways to Restart Big Projects in Post-Pandemic World
Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues?
Cameron LNG Sees First Production from Train 3 In Louisiana
Production from Train 3 comes almost a month after reaching its final commissioning stage. Commercial operations will follow testing and authorization from FERC.
Eni Launches Revamped Platform for Suppliers
The Italian oil company has redesigned its dedicated portal for suppliers. The company’s Supplier Portal and Collaboration Environment, which it calls eniSpace, is a platform combining communication, collaboration channels, and open innovation instruments with traditional procurement processes.
KBR and NIPI Neftegas Form JV in Kazakhstan
The JV continues KBR’s work history in Kazakhstan. The company has worked on various projects in the country since 1993.
Rio Grande LNG FID Expected in 2021
FID on RGLNG was originally expected in 2019, before it was pushed to Q1 2020. NextDecade will continue to develop and de-risk the project.
Southern Delaware Basin Water Infrastructure Transaction Terminated
Centennial said in its 10-Q report for Q1 that the economic downturn increased the likelihood that the transaction would fail to close by its original timeline.
OFS Companies’ Stock Price, EBITA Margins Hit Hard From COVID-19 Fallout
Two intelligence groups share similar views on how the fallout from the COVID-19 pandemic has impacted OFS companies’ valuations and operations.
Global LNG Industry Faces Shutdowns Following Six Years of Continued Growth
New LNG capacity in 2019 kept pace with higher trading volumes and supply/demand growth. Key questions and barriers still remain for the future of the LNG industry in 2020.
Nigeria LNG Train 7 Progresses With EPC Contract
Train 7 is scheduled for commissioning by 2024 and would bring total capacity of Nigeria LNG’s complex to 30 mtpa.
3D-Printed Concrete Leads Advancements in Offshore Wind Floating Foundations
Wind turbine substructures and anchors made of special concrete would float to a site from an onshore plant.
Penspen To Support Slug Catcher Replacement on ADNOC Plant in UAE
Penspen will also carry out engineering services on the Zirku Island plant.
W-Industries Awarded Contract for Mozambique LNG Project
The W-Industries contract comes 2 months after Worley was awarded a master service agreement for services on the Mozambique LNG project.
Tech Director's Column: Facing Down the Current Crisis
I suspect that most people’s 2022–2030 strategic planning windows have shifted. Operational and tactical plans and strategies will need to be based on a widely divergent set of assumptions.
Saipem Wins Contract for Baltic Sea Natural Gas Pipeline
The natural gas pipeline is co-financed by the EU, with work beginning immediately.
TechnipFMC To Design $10-Billion LNG Plant in Russia
The proposed Russian LNG project would sell LNG to Asia by 2025. It is the latest in a handful of LNG projects slated for Russia.
Sempra Energy’s Port Arthur LNG Project the Latest To See Delayed FID
The LNG market remains a mixed bag heading into Q2. Port Arthur LNG is just the latest to see a delayed FID, while other LNG projects are still moving ahead.
Logan Delivers Custom A-frame for TechnipFMC’s ROV
The A-frame is DNV certified. TechnipFMC’s ROVs will deploy in GoM later this year.
Greenfield E&P Tenders Are Set To Shrink to $60 Billion in 2020, a 2-Decade Low
Rystad Energy's analysis shows the decline is in contrast to $170 billion worth of tenders awarded in 2019. Tender activity is expected to show marginal recovery in 2021, reaching about $74 billion.
Calcasieu Pass LNG Tank Roof Facility and Perimeter Ahead of Schedule
The tank dome roof and secured marine perimeter come 8 months after the Calcasieu Project reached FID. It also comes less than a month after completing a successful string test of the refrigerant compression system.
Shell Postpones FIDs on GoM and North Sea Projects
The deferments are the latest actions Shell has taken in response to record low crude prices.
Cameron LNG Reaches Final Commissioning Stage of Train 3
The final commissioning stage of Train 3 brings the Cameron LNG project closer to initial production expected in Q2.
Production at Ærfugl Phase 2 Well Ahead of Schedule
The announcement comes as Aker BP has stopped all nonsanctioned projects. The remaining two Phase 2 wells will come on stream in 2021.
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ITEMS OF NOTE
07 August 2018
20 July 2018
16 February 2018
18 December 2017
28 November 2017