TOPICS OF INTEREST
ExxonMobil Delays FID on Rovuma LNG, Moves Forward With Coral FLNG in Mozambique
The Rovuma LNG project was expected to reach FID later this year, with startup in 2025.
Current Challenges for the UK and Norway in the Face of COVID-19
Westwood Global Energy’s analysis looks at production, cost, and revenue estimates in the UK and Norway, should oil prices remain low. The research group also provided an outlook on drilling activity.
InterMoor Recovers PowerBuoy After Successful North Sea Trial
InterMoor’s Marine Project team in Aberdeen successfully recovered the Ocean Power Technologies PowerBuoy after a 7-month trial in harsh North Sea winter conditions.
Norway Gives the Go Ahead for Equinor’s Hywind Tampen Wind Farm
The Norwegian wind farm is expected to start up in 2022. The wind farm is also expected to create spinoff effects during the project’s life.
Successful String Test of Calcasieu Pass System Moves Project Forward
The successful string test comes 7 months after the company's FID on the Calcasieu Pass LNG project.
OGUK Survey Aims To Find Supply Chain Solutions
Results of the survey will provide support for the UK’s initiatives to help businesses affected by the industry downturn and the COVID-19 pandemic.
Industry Has Little Room for Further Cost Cutting
Energy research groups Wood Mackenzie and Rystad Energy say improvements in operations costs since the last downturn 5–6 years ago have made it difficult for companies to make further reductions amid the current drop in demand.
Global Gas Prices Expected To Drop Further Than Expected in 2020
The drop in gas prices, although greater than forecast, will not be to the same extent as oil prices.
UPDATE: Schlumberger Cuts Executive Salaries, Workforce
The company's North American business will accelerate a restructuring that includes job cuts and furloughs over the next couple of months.
After a Decade of Waiting, the Keystone XL Will Be Built
The $8-billion pipeline project has been held up for years, but amid a historic price crash, the Canadian government is stepping in with funding to support exports.
Aker Solutions Joins Ranks of Service Companies To Reduce Capex and Workforce
Sandvik and SNC-Lavalin made similar announcements in late March and would take further action if necessary.
Oil and Gas in the Perfect Storm
The market in 2020 will be oversupplied by 3–5 million B/D and global inventory will surpass 400 million bbls over the next few months, according to ADI Analytics.
McDermott Wins Pre-FEED Contract for Trion Project
McDermott was selected previously for a study of the FPU. Completion of the Trion project is expected in Q3.
Reuse of Produced Water From the Onshore Oil and Gas Industry
The fact sheet, in conjunction with other IPIECA water management guidance, is intended as a guide to explore opportunities to reuse produced water.
Two Strategic Partnerships Emerge for Offshore Unmanned Systems
Fugro and SEA-KIT’s partnership will develop unmanned vessels, while HII and Kongsberg will market naval and maritime products.
PTAS Aker Solutions Secures Brownfield Services Contract Offshore China
The five-year contract is worth an estimated $400 and covers more than 200 offshore assets.
Market Conditions Take Shell out of Lake Charles LNG Project
Energy Transfer will look at taking on new partners and possibly reducing the size of the Lake Charles LNG project.
How Will Asia Pacific's Upstream Sector Respond to the Oil Price Crash?
Unprecedented, perfect storm, a black swan event—all ways of describing the situation the oil and gas sector finds itself in right now. Here’s an analysis on the near-term outlook for projects in Asia Pacific.
BLM Sees Tepid Results from Federal Land Lease Sale
Wyoming sold the most parcels during the recent US Bureau of Land Management’s auction for oil and gas leases on federal land.
New Methodology and Technology Aims To Manage Corrosion Under Insulation
The methodology is the industry’s first to address CUI. Along with DNV GL’s new technology, maintenance costs may be reduced by up to 50%.
Aker Solutions To Provide Umbilicals for Chevron’s Gulf of Mexico Project
The umbilicals will be designed and manufactured at Aker Solutions’ facility in Alabama.
Status Updates of North American LNG Projects Offer a Mixed Bag
Several companies have provided updates on their North American LNG projects, including Pembina, LNG Canada, and Sempra. The outlooks vary from plans to move ahead to others seeking money to stay afloat.
Extended-Reality Initiative Optimizes Wellsite Planning
Immersive technology on projects such as wellsite planning incorporates XR, drones, and collaboration.
European Gas Demand and Power Consumption Estimates Revised on COVID-19
Gas demand is expected to grow by just 2 Bcm in 2020, down from previous expectations of 6 Bcm. The Netherlands, UK, Germany, and Spain are expected to see the biggest impact.
COVID-19 May Impact More Than Half of all Oil and Gas Projects Being Sanctioned
Revised estimates of project sanctioning total $61 billion in 2020, which is down from $192 billion forecast in 2019.
JIPs Develop Guidelines for Additive Manufactured Parts
The JIPs managed by DNV GL and Berenschot focused on 3D-printed-component certification and supply chain set-up.
Mexico LNG Project Awards Technip USA a FEED Contract Award
LNG project in Mexico moves closer to FID in 2021.
TechnipFMC Postpones Split Into Two Companies
The company plans to split when the markets recover.
Leviathan Offshore Platform To Empty Natural Gas
A fault was identified at the Leviathan platform’s production system. This comes a month after a malfunction was discovered at the project’s subsea pipeline.
TechnipFMC Wins Integrated EPCI Contract for BP Platina Field in Angola
TechnipFMC will utilize its service base and umbilical factory in Angola for the EPCI contract.
Europe's Oilfield Service Companies at Risk of Bankruptcy Amid $5 Billion in Cuts
More than 200 companies could become insolvent in the UK and Norway. This number may be larger when including the rest of Europe.
Offshore Industry More Resilient Than Shale Amid COVID-19 Impact
Because offshore project lead times are longer than in shale, production is likely to come on line in 2–5 years when oil prices may be higher. But the number of FPSOs to be sanctioned this year may be cut by half.
Shell and Wood Unveil Smart Choke Technology Agreement
Wood is Shell’s exclusive partner for Shell’s Smart Choke technology, which suppresses riser-induced slugging.
Freeport LNG Project Introduces Feed Gas to Train 3
Initial production at Freeport LNG Train 3 is expected in the first quarter. The project’s final commissioning stage included feed gas.
Case Study Highlights Getting Project to Sanction in 3 Months
A small core team with the ability to make decisions was responsible for getting a subsea tie-back project up to sanction within a short-time frame.
Alaska LNG Project Receives Environmental Impact Statement
The Alaska LNG project moves another step closer to a final order, expected in June.
Sandvik To Provide Steel Tube Umbilicals for Mero Oil Field Offshore Brazil
Sandvik said it received the first large-scale stainless steel umbilical tube order for Mero. The tubes will be encapsulated by Prysmian Group.
Liza Destiny FPSO
A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.
Canada’s Safety Board Finds Stress Corrosion Cracks Led to 2018 Pipeline Fire
Westcoast Energy revised its inspection practices following the 2018 incident. Its model used to predict crack growth did not take into account all uncertainties
Sempra Energy and Bechtel Units Sign EPC Agreement for Port Arthur LNG
This is the second EPC contract Bechtel signed for Port Arthur LNG. Final investment decision is expected this year.
Subsea 7 Awarded Offshore Contracts in Australia and US Gulf of Mexico
The company announced both contract awards simultaneously. The new contract awards could be worth up to $800 million.
DNV GL Research Finds Tubes and Piping Are Most Failure-Prone Components in Energy
DNV GL researched over 1,000 failure cases to identify failure-prone components. The research is based on cases from its global network of labs.
Eni Resolves Dispute With Partners To Restart Damietta LNG Plant in Egypt
The Damietta LNG plant is expected online by June 2020. The plant will be owned by ENI, EGAS and EGPC.
Cameron LNG Train 2 Starts Commercial Operations 7 Months After Train 1
Train 2 has a projected export capacity of 4 mtpa. Train 3 is expected to reach production in Q2 2020.
Join a Technical Section, It’s a Win-Win
SPE’s technical sections offer communities rich with industry expertise. And your engagement adds to the wealth of knowledge to be shared.
OGCI Unveils Consortium and MOUs To Support Development of Net Zero Teesside Project
BP, ENI, Equinor, Shell and Total to develop Net Zero Teesside Project. The project aims to capture 6 mtpa of CO2 emissions.
GWPC Report Shows US Produced Water Up Alongside Oil and Gas
GWPC releases its third produced water report. Texas leads all states in produced water volume.
Coronavirus Forecast To Affect Energy Prices More Than Projects
In a scenario of accelerated international infection rates, the supply impact would quickly become more severe. If ongoing virus containment efforts prove unsuccessful, production operations at more producing assets in Southeast Asia and beyond could be directly affected.
Phillips 66 and Trafigura Form JV To Build US Gulf Crude Terminal
Phillips and Trafigura JV expected to load VLCCs. The project is in the permitting stage with an FID expected this year.
Chevron Signs Wood To Deliver Engineering Design for Anchor Deepwater Project
Wood will provide the FEED and design for the offshore project. First oil is anticipated in 2024.
Immersive Tech, Cybersecurity, and Data Management Key Themes at VR/AR Forum
More energy and engineering companies participate in second Industrial VR/AR Forum.
Sumitomo Heavy Industries and Highview Power Partner for Global Cryogenic Energy Storage
Sumitomo Heavy Industries invested $46 million in Highview Power. SHI's subsidiary will also become the technology center and hub for Highview Power's CRYObattery business.
Ronald Yeung, Petrobras, and Total’s Nigeria Unit Awarded for Distinguished Achievement by OTC
OTC announces Distinguished Achievement Awards for 2020.
Phillips 66 Partners Takes 50% Interest in $1.6-Billion Liberty Pipeline Project
The transaction is expected to close in March. The Liberty Pipeline runs 700 miles between Cushing, Oklahoma and Guernsey, Wyoming.
Indonesia’s 2020 Oil and Gas Output Likely To Fall, Despite Official Forecasts for Growth
Indonesia’s production of both oil and gas will most likely fall in 2020, a Rystad Energy analysis shows, despite the country’s official projections of a combined 8% growth year-on-year.
Suncor Receives Approval To Build 40,000 B/D Facility in Alberta
Suncor gets Canadian approval for Meadow Creek West.
AG&P Breaks Ground on Karaikal Port LNG Facility in South India
AG&P breaks ground on Karaikal LNG.
Romanian Romgaz and Others To Make Offer for ExxonMobil’s Stake in Black Sea Project
Romgaz seeks 20% stake in ExxonMobil’s Neptun Deep project
NGL Energy Partners signs agreements for Water Transport and Disposal in Delaware Basin
NGL Energy Partners announces acreage dedication for Delaware Basin water transport and disposal
Qatar Delays Western Partnerships for LNG Expansion Project
Qatar has reportedly delayed the selection of Western partners for its massive North Field LNG project.
Petrofac Unit Wins $1.65-Billion Contracts for ADNOC’s Dalma Gas Project
Petrofac continues working relationship with UAE following contract awards for Dalma Gas Development project.
Oil Majors Seek Sustainable Power for North Sea Projects
North Sea operators BP, Shell, and Total have begun an effort to fuel their platforms using sustainable power sources through a connection with Norway’s onshore power grid, which is driven almost wholly by renewable energy.
Boosting Uncovers True Value of Subsea Assets
This paper identifies potentially significant hidden value of subsea multiphase boosting technology, or aspects of it that have not received adequate attention during the field-development decision-making process.
Deeper, Longer: The Olympics of Offshore Tiebacks
The motto of the Olympic Games is “Citius, Altius, Fortius,” Latin for “faster, higher, stronger,” which emphasizes the concept of pushing the limits. As an engineer, that approach really speaks to me—and offshore installations, and especially offshore tiebacks, illustrate that concept very well.
Extra-Long Tiebacks for Deepwater Development: A Review of Enabling Technologies
Eni conducted a research project to explore the maturity of new technologies to enable economical development of deepwater prospects with tieback distances longer than 50 km and 150 km, respectively, for oil and gas fields.
Pseudo Dry-Gas Technology Proves Feasible and Valuable for Ultralong Subsea Gas Condensate Tiebacks
This case study describes how gas condensates within a subsea tieback system behave very differently to condensed water from a wet-gas system and therefore a pseudo dry-gas system needs to be configured differently for gas-condensate developments.
Qatargas, Shell Sign LNG Delivery Agreement to Kuwait
The LNG will come from the offshore Qatargas 4 project in the North Field, a joint venture between Qatar Petroleum and Shell.
US Issues Four LNG Export Approvals
Texas facilities get green light to export LNG. US export capacity is expected to almost double over the next 5 years.
Fugro Wins Contest With Machine-Learning Model for Pile-Driving Prediction
Using the supplied data set of cone penetration test results, competing teams had to predict the number of hammer blows required to drive the pile a given unit of depth in the North Sea.
Coronavirus Set To Slash Chinese LNG Demand but US LNG Tariff Lift Could Save the Day
The unseasonably warm weather in the northern hemisphere and the rise of the global supply levels has resulted in record-low LNG prices. Adding to that, the coronavirus epidemic in China has reduced business and industrial activity, with January’s LNG imports dropping by about 10% year on year.
IOGP JIP33 Opens Proposed Flare Package Spec for Public Review
IOGP today launched JIP33 flare package specification guidelines for public review and comment.
Equinor Awards Contracts for Bacalhau Project Offshore Brazil
Described as Brazil’s first-ever integrated SPS and SURF project, the development will include 19 wells, approximately 130 km of rigid risers and flowlines, and 35 km of umbilicals.
Newly Formed JV To Provide Data-Driven Drilling Riser Maintenance Program
The data-driven maintenance program incorporates riser condition, usage, and fatigue analysis with a risk-based inspection process.
Wood Sells Industrial Services Business
The company's industrial services business provides integrity and fabric maintenance for assets in the offshore oil and gas, process energy, marine, and infrastructure sectors across the UK and Ireland.
Assessing Operational Readiness for Restart of Wafra Oil Field
After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order.
Edge LNG’s “Virtual Pipeline” Expands in Marcellus
A producer in the Marcellus Basin selected Edge Gathering Virtual Pipelines 2 to capture and liquefy gas from its stranded wells in Tioga County. Initial operation is underway and is set to be ongoing until at least 2022.
Asian Spot Prices for LNG Take a Dive
Asian spot prices for LNG took a dive to multiyear lows, feeling the pressure of the lack of demand. Holders of previously agreed upon long-term buyer contracts seek renegotiation.
Water Services Company, Texas General Land Office Expand Delaware Basin Agreement
Layne Water Midstream has amended its agreement with the Texas General Land Office to gain exclusive right for reuse and disposal of produced water in the Delaware Basin.
Take 10: Oil & Gas, Energy, and Chemicals in 2020
What will 2020 look like for the oil and gas, energy, and petrochemical markets? Here are 10 observations from ADI Analytics that demonstrate just how global and complex the energy mix has become.
BW Offshore To Spin Off Its E&P Business BW Energy
BW Offshore plans to float its exploration and production unit BW Energy through an initial public offering in the first quarter of 2020.
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