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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 solutions to provide a bulk hydrogen solution. 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 as an energy carrier and energy storer. This approach builds on the UK’s gas-network infrastructure, which can be repurposed to avoid becoming stranded.
Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high. 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. 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.
A merger with KeyW and the completion of the sale of its energy and chemical segment to WorleyParsons align with the service company’s decision to focus on its higher-growth, higher-margin lines of business. The oilfield engineering services industry continues to “wheel and deal” with Jacobs’ $3.3-billion sale to WorleyParsons. Global spending on oil and gas decommissioning is expected to be $13 billion per year by 2040. The launch of a collaborative supply chain approach to global decommissioning offers an end-to-end solution to reduce the decommissioning burden, risk, and cost for operators in Europe, Asia, and Americas.
Currently, about 65% of worldwide oil is produced by waterflooding, produced water re-injection (PWRI) and production with strong water support. Yet, formation damage is a serious obstacle for oilfield development. Intensive well and water management are necessary to prevent decline in well injectivity and productivity. This is the focus of the training course. We cover the major cases of formation damage, the corresponding reservoir physics, laboratory studies and mathematical modeling, and well behaviour prediction leading the optimal well and water management strategies.
Applied Statistical Modeling and Data Analytics for Reservoir Performance Analysis Seminar Description There is a growing trend towards the use of statistical modeling and data analytics for analyzing the performance of petroleum reservoirs. The goal is to “mine the data” and develop data-driven insights to understand and optimize reservoir response. The process involves: (1) acquiring and managing data in large volumes, of different varieties, and at high velocities, and (2) using statistical techniques to discover hidden patterns of association and relationships in these large, complex, multivariate datasets. However, the subject remains a mystery to most petroleum engineers and geoscientists because of the statistics-heavy jargon and the use of complex algorithms. This workshop will provide an introduction to statistical modeling and data analytics for reservoir performance analysis by focusing on: (a) easy-to-understand descriptions of the commonly-used concepts and techniques, and (b) case studies demonstrating the value-added proposition for these methods.
Statoil’s board of directors proposed to change the name of the company to Equinor as of 16 March. The name change is intended to support the company’s strategy and development as a broad energy company. Aggressive Cost-Cutting: Is it Sustainable? Onshore development is increasing production, while investors demand greater operational efficiencies. Operators and service companies are striving to strike the balance between fiscal discipline and growing their production.
The Netherlands will reduce production of its Groningen gas field by 10% from October to limit the risk of earthquakes, the country’s economy minister said in a letter to parliament on 18 April. The Pawnee Nation filed a lawsuit on 3 March in tribal court in Oklahoma against 27 oil and gas producers, seeking damages for an earthquake they said was caused from man-made activity related to hydraulic fracturing.
ExxonMobil expects a new $1 billion fuel upgrading unit at its Antwerp refinery to be fully operational in the first half of next year, the company said on 28 November. Thai Oil's Refinery To Produce Only Clean Fuels From 2022 Thailand’s largest refiner, Thai Oil, will stop producing fuel oil from 2022 once it completes a $4-billion upgrade that will boost output of clean fuels, officials said.