TOPICS OF INTEREST
OFFSHORE
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
Tracerco Wins Large-Scale Inspection Project in Caribbean Sea
The inspection projects to assess water ingress will be done via remotely operated vehicle.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
Wood, NERA Partner on Subsea Inspection Solutions
The AI-driven tool will detect anomalies in subsea oil and gas infrastructure.
FPSOs May Need To Be Shut Down During Economic Downturn
FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.
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.
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.
Joint Tender Issued for Subsea Power Transmission Network in MENA Region
Proposal requests were sent to companies to solicit partnerships for the project with ADNOC and ADPower.
Artificial Intelligence Improves Business Outcomes for Offshore E&P
Despite streams of data being available on platforms about the condition of topside and drilling equipment, most experts agree that only a small fraction of such data is used. Whether for a fleet or single platform, AI can transform an offshore enterprise.
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.
Artificial Intelligence Gains Traction Across the Industry
Artificial intelligence is already part of the work done in an office near you, and, before you know it, it will be in your office as well. Gaining familiarity and an understanding of it will serve you well.
Global Oversupply of Crude Leads to Scramble for Storage Solutions and Alternatives
No vacancy? The hunt for global alternatives to store crude oil includes offshore, global strategic reserves, pipelines, rail cars, and trucks.
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.
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.
How To Optimize Tubing Material Selections Using the PREN Value
Material selection is a first line of defense against corrosion. This article reviews how to recognize pitting and crevice corrosion, as well as how to optimize tubing material selections for marine oil and gas applications based on the material’s PREN value.
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.
Fugro Awarded Remote Operations Contract
After being acquired in 2019, the Well-Safe Guardian semisubmersible was extensively overhauled and upgraded. Fugro is the second company to be awarded work this year on the asset.
Woodside Energy Awards TechnipFMC Second EPCI Contract Offshore Australia
This contract is for the development of the Lambert Deep and Phase 3 offshore Northwest Australia.
ADNOC Cancels Contracts Worth $1.65 Billion for Dalma Gas Project
The contracts were awarded in February. Petrofac said it is working with ADNOC to explore alternative options.
Shell Shuts In Perdido, ExxonMobil Shuts In Hoover Platform
Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system.
Subsea 7 To Provide Installation Services for Anchor Field Project
Subsea 7’s installation services contract is the latest Chevron award for its Anchor field project. First oil from the project is expected in 2024.
Benefits of Standardizing Specifications
A new video by IOGP mixes animations with personal stories to illustrate the benefits of using standardized specifications in the oil and gas industry.
Qatar Petroleum Outlines Plans for LNG Projects
Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track.
Total To Charter First LNG-Powered VLCCs
The VLCCs will be delivered in 2022, with LNG supply provided by Total Marine Fuels Global Solutions.
North Sea Contracts Granted to European Companies Ardyne and Allseas
Ardyne’s North Sea long-term contracts were for 175 wells with possibly more to follow, while Allseas contract is for removal and disposal for the Valhall complex.
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.
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.
ExxonMobil Delays FID on Rovuma LNG, Moves Forward With Coral FLNG
The Rovuma LNG project in Mozambique was expected to reach FID later this year, with startup in 2025.
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.
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.
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.
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.
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.
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.
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.
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.
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
