BP's Vessel Khankendi Completes Sea Trials in the Caspian
The Khankendi's initial voyage in open waters began the 6-week trial of the subsea construction vessel (SCV) that took place in the Caspian Sea. Maritime experts executed more than 120 different tests designed to evaluate everything from engine and propulsion performance to dynamic positioning, navigation systems, cabin acoustics, as well as offshore capabilities.
The SCV is back at the shipyard now for the finishing touches in preparation for the naming ceremony scheduled in early September. It will perform subsea construction activities on the Shah Deniz gas field off Azerbaijan for the next 10 years.
Production of first gas from Shah Deniz Stage 2 is expected next year.
As Major Offshore Projects Are Pushed Out, Gloomy Year Ahead for the Subsea Market
While a year with less than 200 subsea tree awards seems uncommon, a year with less than 100 awards is an even rarer sight. It has only happened once before since the turn of the century, in 2016 following the oil price crash of 2014–2016.
Western Australia Gas Producers May Profit From Oil Crash
The race is on to fill NWS gas export plant.
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.
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