TOPICS OF INTEREST
US Geothermal Power Technology Shifts From Steam to Binary
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.
The Acorn CCS Project: A Plan To Evolve and Thrive Through Decarbonization
Two technologies that may play a part in the decarbonization of the UK energy business are carbon capture, use, and storage and the use of hydrogen for energy transportation and storage. This approach builds on the UK’s gas-network infrastructure, which can be repurposed to avoid becoming stranded.
Application of Renewable Energy in the Oil and Gas Industry
The paper reviews the types of renewable energy used in oil and gas fields that have appeared in the literature. Use of renewables offers many advantages, including saving hydrocarbon resources, minimizing the oil industry’s GHG emissions, and enhancing its public image.
McDermott Exits Bankruptcy With Restructuring and Sale Of Lummus Technology
McDermott’s restructuring comes 5 months after it filed for Chapter 11 protection. The company was struggling with debt since its 2018 acquisition of CB&I.
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.
Map of China Oil Infrastructure Tracks More Than 700 Facilities
Designed to be a “living” map, it focuses on the largest fixed infrastructure for crude oil and refined products such as trunk pipelines, refineries, and storage facilities.
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.
Energy Intelligence Groups Identify Key Challenges to Permian Water Growth and Recovery
A recovery in the energy industry is key to the oilfield water sector in the Permian. But the industry must address issues such as further research, regulatory changes, and technology.
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.
Opportunity Shaping for Renewable Energy Projects: Selecting the Right Investments in a Competitive Environment
For successful development and execution, renewables—as with other capital projects —require diligent opportunity shaping. Five key steps for shaping renewable energy projects are discussed.
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.
Chevron to Divest its Stake in North West Shelf LNG JV
Potential suitors to acquire Chevron’s stake in the LNG project include co-owner and operator Woodside.
Texas Trade Association Seeks To Reduce Incidence of Flaring
Recommendations include changes to current forms and reports used to track flaring.
More Job Cuts Announced in Europe
Sandvik and Van Oord’s announcements come a week after oil major BP said it’s slashing 10,000 jobs.
Aker Solutions, Norcem Advance Toward CO2-Capture Plant at Cement Facility
The cement industry is exploring carbon capture technology to reduce its carbon footprint.
Saudi Aramco Acquires Majority Stake in SABIC
Aramco’s acquisition of SABIC positions the company as a major global petrochemical player.
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.
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.
The Buzz About Drones: More Safety, Less Cost To Inspect FPSOs
A recent test proved the feasibility of using LiDAR on remote-controlled drones to create 3D maps of the inside of tanks, increasing the safety and efficiency of inspections.
Siemens, Total Team Up To Decarbonize LNG
Goal is to reduce plant emissions profile and boost sustainability in production.
SwRl Uses AI To Detect, Quantify Small Methane Leaks
Machine learning enables fast, cost-effective, and accurate methane emissions detection in remote areas.
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.
Honeywell Bets on Drones
The aerospace giant is launching a new business unit to cash in on the autonomous aviation market. It will act as a systems integrator for all Honeywell products and services that could be used in this industry.
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.
Lake Charles LNG Project Gets New Ownership
With the acquisition of Magnolia LNG, along with its Texas LNG Brownsville project, Glenfarne Group expands its export capacity to 12 mpta.
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.
Equinor's Greener Fleet With Fewer Emissions
Although these look like ordinary tankers, they are unique and run on LNG and recovered oil vapors.
Energean’s Karish Project Back on Track
Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned.
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.
Study Outlines Potential Economic Impacts of GOM Oil and Gas Industry Through 2040
The economic impact report looked at scenarios involving current policies and potential bans on both drilling permits and offshore leases.
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.
STAY CONNECTED
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
ADVERTISEMENT
ADVERTISEMENT
MOST POPULAR
ADVERTISEMENT
