|Theme||Visible||Selectable||Appearance||Zoom Range (now: 0)|
The notion of reducing our environmental footprint, minimizing leaks and spillages, and identifying operational efficiencies is nothing new. We have been addressing these issues for years. Sustainability, however, has gained a higher profile recently, especially since the 2015 United Nations Framework Convention on Climate Change accord and the evolution of alternative energies. It came, therefore, as a pleasant surprise to review an extraordinary wealth of well-written papers relating not only to this topic, but to all manner of fascinating engineering issues. Let me back up a bit.
US Job Numbers Up for OFS and Equipment Industry, But Outlook Remains Unclear The increase in OFS and equipment sector jobs over the past 2 months came amid higher oil and gas production. But increases in COVID-19 cases are causing uncertainty about when and how much demand will rise. Texas Regulator To Place New Limits on Allowable Flaring Oil and gas producers in the state are being asked to submit data and economic analysis on why they cannot sell natural gas before they are granted permission to flare it. UAE Has Become World’s Newest Producer of Unconventional Gas The first delivery of shale gas in the UAE marks a major milestone toward its goal of reaching 1 Bcf/D by 2030. It also signals the expansion of hydraulic fracturing in the UAE’s conventional fields.
While drones have been used on oil and gas facilities for video inspections and other tasks, they have been operated by an on-site pilot or one positioned on a bobbing workboat adjacent to an offshore platform. Now a proof-of-concept study conducted by TechnipFMC has tested the feasibility of a global drone system with drones operated remotely by pilots based anywhere in the world. The study is the subject of a paper (OTC 30241) presented at the Offshore Technology Conference Asia in Kuala Lumpur in November. Construction supervision and health, safety, and environmental (HSE) monitoring were the main drivers of the study. The construction supervision application is part of a larger digitalization ambition to monitor and manage construction activities with data generated from the drone ultimately feeding an internal software dedicated to this business process.
The first portion of the complete paper includes an extended discussion of the RED and definitions needed to appreciate its conclusions that the production and consumption of fossil fuels will be reduced gradually and replaced by renewable alternatives. This is an economically threatening situation for any country whose gross domestic product is dependent upon oil. The energy transition is a slow but steady process, so nations of the Middle East are reviewing their long-term strategies. Energy-transition and renewable-energy developments, however, may offer solutions and opportunities for these nations. This article, written by JPT Technology Editor Chris Carpenter, contains highlights of paper SPE 198165, “Alternative Fuels Development in Europe: Threat or Opportunity for the Middle East?” by Maarten Van Haute, Kuwait Petroleum Research and Technology, prepared for the 2019 SPE Kuwait Oil and Gas Conference and Show, Mishref, Kuwait, 13–16 October. The paper has not been peer reviewed.
Sinopec recorded China’s highest daily output of shale gas at 20.62 million cubic meters (Mcm) at its Fuling shale-gas field in Chongqing, China, a key gas source for the Sichuan-East gas pipeline. The first major commercial shale-gas project in China, Fuling has continuously broken records for the shortest gasfield drilling cycle while significantly increasing the drilling of high-quality reservoirs covering more than 3 million m, according to Sinopec. Gasfield production construction was also expanded to raise production capacity. The company said the field maintains a daily output of 20 Mcm, producing an estimated 6.7 Bcm per year. Apache filed appraisal plans for its Maka and Sapakara oil discoveries in block 58 offshore Suriname.
The authors first describe the similarities and differences of a BHA and a stringed instrument. The string of a violin, for example, typically has two fixed nodal points: the first at the bridge, which does not change, and the second at the position of the musician’s finger, which is moved along the fingerboard in order to play notes of different frequencies. The finger pressing on the string causes it to have zero displacement at that location, which defines a nodal point. Additional nodal points may occur in the motion of the string as harmonics of the fundamental mode, but these are not considered to be fixed nodes because the amplitudes of the harmonics vary. The string is relatively flexible, so it can be described adequately with a second-order differential equation. This article, written by JPT Technology Editor Chris Carpenter, contains highlights of paper SPE 197231, “Recognition and Mitigation of the Bottomhole Assembly Lateral Vibration Chatter Mode,” by Jeffrey R. Bailey, SPE, and Harshit Lathi, ExxonMobil, and Matthew T. Prim, SPE, ADNOC, et al., prepared for the 2019 Abu Dhabi International Petroleum Exhibition and Conference, Abu Dhabi, 11–14 November. The paper has not been peer reviewed.
Value methodology has been implemented successfully in new projects to save costs but rarely has been implemented in oil and gas operating facilities to minimize operating costs. The success of value methodology in reducing capital project costs prompted the author to explore its application to operating facilities, specifically toward minimizing operating and maintenance cost. Value methodology is used when value is a concern and requires optimization. Value is defined as the ratio of function to cost.
Charles Bare, 1979 SPE President and an Honorary Member of the Society, died 25 October. Bare graduated from the University of Oklahoma in petroleum engineering and began his career at Magnolia Petroleum Co. in 1954. He joined Conoco as a research scientist in Ponca City, Oklahoma, in 1961 where he developed computer applications. He was transferred to Houston in 1969 and worked in the engineering department and then in the production department where he held various engineering and management positions with responsibilities for international production operations in Libya and Indonesia. He was the exploration and production operations manager for Russia and held managerial positions in Conoco UK for 6 years.
Financial analytics company S&P Global and information provider IHS Markit announced they have agreed to merge in an all-stock deal that values IHS Markit at $44 billion. Both companies provide data and analytics related to the energy market and oil and gas assets, among other industries. The combined company expects to generate free cash flow of more than $5 billion by 2023, said Douglas Peterson, president and chief executive officer of S&P Global, who will serve as CEO of the combined company, in a call with analysts on 30 November. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, each share of IHS Markit common stock will be exchanged for a fixed ratio of 0.2838 shares of S&P Global common stock. Current S&P Global shareholders will own approximately 67.75% of the combined company, while IHS Markit shareholders will own approximately 32.25%.