TOPICS OF INTEREST
Ineos Enters Exclusive Talks for ConocoPhillips North Sea Assets
A deal with the UK-based energy and chemicals company could fetch up to $3 billion for ConocoPhillips, which is transitioning out of the North Sea to focus on US shale operations.
API Releases New Edition of Valve Standard
API released an updated valve standard for wellhead and tree equipment, which includes new automatic closure requirements.
Keystone XL Pipeline Temporarily Blocked
A decision by the US District Court in Montana deals a blow to the TransCanada project, which is designed to transport heavy crude from Alberta to Nebraska.
Equinor Acquires New Canadian Offshore Licenses
The deal gives Equinor exploration parcels in the prolific Jeanne d’Arc Basin, near its existing discoveries offshore Newfoundland and Labrador.
Supervised Autonomy Bridges the Gap in ROV Inspections
ROVs dominate the world of subsea inspections, maintenance, and repair, but as operators work in a post-downturn economy, autonomous systems have become more in demand. Autonomous inspections are possible today, but how can they help with light and heavy intervention?
Asian LNG Demand Growth Makes US, Canada Producers Go the Distance in Transport Costs
DNV estimates that gas will be the world’s primary energy source by the mid-2020s. Growth in LNG capacity is expected as the midstream sector invests in connecting shifting sources of gas with changing demand centers. Other factors also will drive the globalization of gas trading markets.
Harnessing Data To Overcome the Barriers of Digital Adoption
Digitalization in the oil and gas industry has been the focus of much discussion, but little has been written on the slow rate of adoption. This paper outlines some of the barriers the industry faces as it assimilates into Industry 4.0—automation and data integration in manufacturing.
Condition-Based Maintenance Helps Develop a North Sea Low-Manned Platform
Remote condition monitoring of offshore platform equipment tracks performance data, watching for deviations from baseline benchmarks. Unexpected variances can be investigated and serviced by technicians dispatched to target the root causes—an approach called condition-based maintenance.
Establishing Data Ethics in Oil and Gas Operations
The use of data-intensive decision making and smart risk-management solutions has resulted in the improvement of the ethical foundations underlying the industry. These digital tools and machine-based cognitive processes for risk-avoidance have also helped restore the public’s trust in the industry.
Data-Driven Methods Present Potential for Success
Data-driven methods offer significant advantages in the industry, under certain conditions, over conventional methods. But reservations still exist about their use. The paper serves to bridge the gap between unclear understanding of these methods and their successful acceptance and implementation.
Kreuz, Seamec Mobilize Vessel for ONGC Offshore Project
As part of a 2-year deal, the Kreuz Glorious will help with the inspection of offshore jackets in the Arabian Sea. Kreuz will also provide personnel for project management and offshore construction.
Should Cybersecurity Drive Business Decisions?
Cyberattacks are often seen as an IT issue, but the intelligence gained during the development of an effective cybersecurity protocol may serve a broader role as a business driver for energy. What should companies look for in assessing threats?
Exxon, Rosneft To Partner on LNG Plant in Russia’s Far East
Japan’s SODECO and India’s ONGC Videsh are joining the consortium on the LNG plant, which will be carried out within the framework of the Sakhalin-1 hydrocarbon project in the Okhotsk Sea.
Can Automation Speed Up Project Delivery?
The execution of process automation projects depends on the completion of tasks that are not necessarily related to automation, hampering project development timelines. How do automation solutions, such as digital twins, help to overcome these challenges?
InterMoor Acquires BEL Grapnel and Chaser Designs
The deal covers drawings, designs, and cast patterns for BEL’s anchor- and chain-handling equipment.
Jacobs Engineering Sells Energy and Chemical Segment to WorleyParsons
The oilfield engineering services industry continues to “wheel and deal” with Jacobs’ $3.3-billion sale to WorleyParsons.
Improving Facility Design With Integrated Modeling
Steady-state modeling of an asset requires the work of multiple engineering teams, which often leads to suboptimal facility design. An integrated model using information consistently across the entire asset may alleviate the pain resulting from conventional methods.
Steelhead LNG Submits Kwispaa Facility Overview to Canadian Regulators
Canadian agencies will begin establishing the scope of environmental assessment of the project, which is scheduled to start up in 2024.
BP Starts Up Thunder Horse Expansion Ahead of Schedule
The expansion is expected to boost production of the deepwater Gulf of Mexico platform by approximately 30,000 BOE/D. It is the fourth major upstream project to begin production for BP in 2018.
China, AGDC Reaffirm Commitment to Alaska LNG Project
Despite the uncertainty spawned by China’s recent decision to levy tariffs on US LNG imports, AGDC said it is still targeting a sale and purchase agreement with Chinese companies by the end of this year.
Greedy Pursuit: Algorithms Show Promise in Measuring Multiphase Flow
“Greedy pursuit” in the realm of algorithms is a good thing. Saudi Aramco studied such algorithms to produce images simulating the flow inside a pipe’s cross section, possibly reducing the need for separator-based multiphase flowmeters.
Equinor Announces Cost Increase, Delayed Startup for Martin Linge
The North Sea field, which holds an estimated 300 million BOE in recoverable resources, is now scheduled to start production in early 2020. Operator Equinor said the timeline was based on its assessment of the remaining scope of work on the project.
C-Innovation Opens New Dock Facility for Subsea Work
The Port Fourchon, Louisiana, facility will serve as the base for the company’s operations in the area. Its subsea services group has performed multiple hydrate remediation projects in the US Gulf of Mexico since its formation.
LNG Canada Gets Real With Country’s First Gas Export Facility
After years of near-misses, a Shell-led partnership is building the first liquefied natural gas export facility in Canada. It creates a much-needed export market for producers facing a gas glut, but more is needed.
BASF, LetterOne Agree To Merge Oil and Gas Businesses
The deal, which is subject to regulatory approvals, would mark the largest E&P merger in Europe in more than a decade. The two companies combined made $5.5 billion in revenue last year.
Changing the Mix: A New Approach to Polymers for Offshore EOR
Researchers from Chevron are looking into a new approach to understand the drivers of polymer hydration. How might this affect the design of mixing systems in the field, and could it affect offshore EOR applications?
What Does China’s LNG Import Tax Mean for the US?
Industry analysts fear bad news for producers, as Chinese demand is expected to be a significant driver in new LNG production. China accounted for 15% of US LNG exports in 2017.
Cheniere and Vitol Sign Long-Term LNG Deal
The contract calls for Vitol to purchase 700,000 tonnes annually over a 15-year period, providing some optimism for companies hoping to secure similar long-term deals.
Private Equity Backs First Sub-Saharan Africa Regas Terminal
The construction of an LNG regasification terminal in Tema, Ghana, in addition to the first delivery of gas from the offshore Sankofa field in August, is decreasing the country’s reliance on liquid fuels and imports. About 80% of its power generation requirements will be met with gas.
Eni Cuts First Steel for Coral South FLNG Vessel Hull
The ceremonial event took place at Geoje Island, South Korea. Startup of LNG production in offshore Mozambique’s Area 4 is expected in 2022.
EPA Proposes Relaxed Methane Emissions Regulations
The proposal would rollback requirements for testing and fixing fugitive methane leaks in oil and gas operations. It would save millions in regulatory costs, but the estimated increase in methane emissions is controversial.
AI Aims To Predict Operational Behaviors, Alert of Potential Hazards
Unstructured data, such as process logs, safety reports, and public records, make up the bulk of data produced from the oil field. Emerging NLP technology has been designed to help make sense of this data, enabling better insights into near-accidents.
Qatargas and PetroChina Sign 22-Year Deal
Qatargas will provide 3.4 mtpa of LNG to China. PetroChina signed a 22-year agreement with the world's largest LNG-producing company.
For Download: The EPC Engineering Sequence Workflow
The EPC engineering workflow is synopsized as a one-page view.
Upstream Natural Gas Capex Forecast To Peak in 2025
Gas is forecast to overtake oil as the world’s primary energy source in 2026. LNG, with capacity expected to double by the late 2040s, will connect the shifting sources of gas with changing demand centers.
Santos Acquires Quadrant Energy, Takes Ownership of Dorado
The $2.15-billion deal gives the company an 80% ownership stake in what could be one of Australia’s largest offshore discoveries in years.
Standardization and Cybersecurity Go Hand in Hand
How can communication standards help companies create and enforce stronger cybersecurity protocols? What roles do people and technology play in securing assets? Industry experts look at these questions and examine other drivers of the digital oil field.
Fueling the Oil Field: Can Natural Gas Satisfy Demand?
A new paper from ADI Analytics examines the circumstances in which natural gas could become an attractive method for fueling oilfield equipment.
Repsol Establishes Model for Venture Capital Investment
The Spanish E&P company plans to invest more than $11 million by the end of 2018 on startups working in established priority areas, which include resource reuse and sustainability measures.
LNG To Be Used in Electric Peak Load Shaving
The engineering company Cosmodyne will work directly with the utility company and its EPC contractor for the project, which will utilize its LINEX natural gas liquefier.
US Steel Tariff Exclusion Process Leaves Trail of Confusion
Operators are increasing capital budgets in the wake of tariffs and quotas initiated by the US government on steel imports, and the product exclusion process has revealed a host of other issues. If the tariffs are here to stay, what does industry hope to see moving forward?
Machine Learning and AI Streamline Automated Maintenance Reviews
Machine learning and artificial intelligence technology offer offshore operators the chance to automate high-cost, error-prone tasks to avoid the effects of inconsistency and errors in analysis, improving efficiencies and safety.
Driftwood LNG Terminal Construction Scheduled for 2019
Tellurian remains on track to receive all regulatory approvals and begin work on the export terminal in Louisiana, with an eye on a 2023 startup.
Equinor Submits Phase 2 Plan for Johan Sverdrup to Norway Regulator
Equinor submitted the development plan for Phase 2 of the Johan Sverdrup project on 27 August with an increased resource estimate and a cut of NOK 6 billion in investment costs.
Offshore Survey Shows Shift From Cost Cutting to Expanding Operations
An offshore survey identified a decrease in focusing on cost cutting and an increase in preparing to expand operations. With the oil prices above $60/bbl the impetus for negotiation for lower prices by companies and service providers appears to be waning.
The Grand Challenge of Carbon Capture and Sequestration
Even with the wealth of experience already in place within the oil and gas industry, the obstacles to advancing CCS to the forefront of greenhouse gas mitigation technologies remain significant.
LNG Moves Closer To Becoming a Fuel for Marine Vessels
Three companies are collaborating to develop the equipment needed to make LNG a feasible alternative fuel for ship owners and operators.
The Effect of CO2 Injection on Corrosion and Integrity of Facilities
The paper discusses the main factors affecting CO2 corrosion, provides an assessment of what to look for in major equipment, and details recommended material of construction and corrosion mitigation/control methods.
Case Study: Design of Injection Facilities for CO2 Recovery
A pilot project demonstrates that facilities design plays an important role in providing sources of CO2 for the gas-handling process for injection into a carbonate formation as a tertiary recovery mechanism.
Galvanizing Stakeholder Support for Carbon Capture and Storage
Collaboration is critical to achieving recognition of the scope and value of carbon capture and storage and achieving acceptance for specific projects.
Surface-Facilities Design for First CO2 EOR Project in Saudi Arabia
A demonstration project of carbon capture, utilization, and storage through enhanced oil recovery was conducted in Saudi Arabia. Surface facilities for such projects are expensive to build and involve tradeoffs in options based on economics for a given set of conditions.
Combining Gas-to-Wire Technology With Carbon Capture and Storage
Natural gas, coupled with carbon capture and storage (CCS), could provide cheap and reliable energy in the long term and mitigate climate change. Gas-to-wire (GTW) generates electricity from natural gas at or near the field. This study applies an integrated GTW/CCS scheme to a gas-production field.
Natural Gas Pipeline Capacity to South Central US To Reach 19 Bcf/D by Year's End
With new projects scheduled to come on line later this year, the region, which mostly comprises states along the US Gulf Coast, will shift from being a source of natural gas supply to a source of growing demand.
Savvy Separator: 5 Lessons To Simplify Separator Troubleshooting
Troubleshooting and solving separation problems takes a combination of analytical tools, experience, and a knack for investigation. These 5 lessons provide a starting point for assessment.
Aqualis Offshore Secures Deal for Total's Egina FPSO
The company will manage the position-keeping for the deepwater project offshore Nigeria, which is scheduled to start production later this year.
Trafigura Submits Permit for First US Deepwater Oil Port
If approved by the US Department of Transportation, the port facility would allow VLCCs and other tankers to directly load cargo, potentially removing a major hurdle for US crude oil exports.
RDS and Kavin Engineering Form Alliance To Design and Engineer Upstream and Midstream Projects
RDS, a KCA Deutag division, and Kavin Engineering and Services entered into a strategic alliance to jointly pursue design and engineering projects across the upstream and midstream oil and gas market. Last month, KCA Deutag agreed to form a joint venture with SOCAR.
KBR Awarded FEED Contract for Nigeria LNG Project
KBR will head a joint venture with TechnipFMC and JGC to provide a basic design package and EPC bid for the Bonny Island expansion.
McDermott Nets Subsea Tieback Contract for Pemex's Ayatsil Field
The deal covers the installation of a pair of rigid flowlines for the shallow heavy oil field, Pemex’s largest discovery to date. Work is expected to be completed early next year.
North American Shale Activity Gives Boost to OFSE Business
The oilfield services and equipment sector, while optimistic, has not yet seen the effects of the improved oil price in the recovery of its overall business.
New Research Explores Effective Produced Water Treatment
As operators seek lower water management costs, a pair of studies examines methods and technologies that could have a major impact on treatment and reuse for hydraulic fracturing operations and beyond.
Gas Flowing From Ichthys LNG Project
The long-awaited Ichthys LNG Project off Western Australia has finally started gas production. LNG liquefaction is expected in a few weeks.
Bureau Veritas Issues FSU, FSRU Conversion Guidelines
With interest in FSRUs and FSUs picking up, the conversion of LNG carriers offers a fast route to operational availability.
Total Begins Production at Kaombo Deepwater Project
Sanctioned in 2014, the project is the largest deepwater offshore development in Angola. It will produce an estimated 230,000 BOPD from six different fields at peak.
TechnipFMC Nets Contract for Gorgon Stage 2
The contract covers the installation of umbilicals, flying leads, and manifolds for the project, which aims to expand and upgrade subsea facilities for the gas field located offshore western Australia.
Analytic Models Propose Wastewater Disposal Facility Locations in Marcellus
Researchers at Texas Tech University have released a study into wastewater production and disposal in the Marcellus Shale, proposing disposal hubs across the state of Pennsylvania that could reduce trucking distances.
Congestion Relief: Enterprise To Develop Offshore Texas Crude Oil Export Terminal
The offshore export terminal, capable of accommodating very large crude carriers, could provide access to international markets in Asia and Europe—and higher prices—for Permian, Cushing, and Eagle Ford crude oil.
Development Plan for Rovuma LNG Phase 1 Submitted to Mozambique Government
Mozambique Rovuma Venture submitted the development plan for the first phase of the project, which will produce, liquefy, and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique. An FID is scheduled next year, with production expected to begin in 2024.
Testing of New Pipeline Inspection Device Begins in Bakken
These balls have the potential to alter how pipeline inspections are done, and a consortium of pipeline operators and industry experts in North Dakota is examining just how well this emerging technology can handle the small-diameter pipelines in the area.
Baker Hughes To Sell Its Natural Gas Solutions Business
BHGE will sell the division, acquired by GE in 2011 when it bought Dresser, to a private equity investment firm, and a provider of products and services for the distribution and usage of natural gas in Italy. The combined value of the two deals is $375 million.
Development of Barrier-Fluid-Less Subsea Pumps Gains Momentum
The latest entrants to tackle the development of barrier-fluid-less subsea pumps are Saipem and Curtiss-Wright Corp., who agreed to collaborate in designing and building pumps for water treatment and injection.
Total Acquires Engie’s LNG Assets, Becomes No. 2 in Global Market
The $1.5-billion deal delivers a world market share of 10%, including a 16.6% stake in the US Cameron LNG project.
AUVs Surface as Next-Gen Data Gathering Platforms
As operators look for cost-efficient ways to address the challenges in facility maintenance and deepwater exploration, autonomous underwater vehicles are being developed for complex data gathering and advanced tasks.
Shell Awards Contracts to GATE Energy, Subsea 7 for Vito
GATE will provide facility commissioning and Subsea 7 will provide a pair of infield production flowlines and the umbilical system for Shell’s recently sanctioned deepwater GOM development.
Alaska LNG Project Seeks Investors
The Alaska Gasline Development Corp., a state-owned corporation, is preparing an equity offering for this summer for its $43-billion LNG project. BP agreed to sell natural gas from Prudhoe Bay for export to Asia-Pacific.
New Regulations To Fast-Track Brazil FPSO Deployment, Boost Presalt Oil Production
New local content regulations could speed up the pace of presalt oil production by more than 21 billion bbl by the mid-2020s. Karoon and Parnaíba Gás Natural are the first companies to apply to change their contract terms. Petrobras, Shell, BP, ExxonMobil, Petrogal, and Anadarko are also interested.
McDermott Makes Headway With New Projects
The engineering and construction company announced that it had achieved a pair of milestones for BP’s Angelin and Pemex’s Abkatun-A2 platforms, both of which are scheduled for delivery within the next two fiscal quarters.
Investigation Begins of Leak at Hammerfest LNG
The Petroleum Safety Authority Norway launched an investigation into an LNG leak at the Hammerfest LNG plant on 17 June.
Permian Water Market Ramps Up Activity
As rig counts continue to go up in the region, the Permian water disposal market is expected to see growth through 2021 with a possible record-high 8.4 billion bbl next year.
Growth in Global LNG Trade Continues To Rise
A new report from GIIGNL shows increased liquefaction capacity in Australia and the US as the key drivers in LNG supply growth, while Asia has been the leader in global LNG import growth.
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.
24 October 2018
06 November 2018
07 November 2018
24 October 2018
ITEMS OF NOTE
07 August 2018
20 July 2018
16 February 2018
18 December 2017
28 November 2017