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Train 7 is scheduled for commissioning by 2024 and would bring total capacity of Nigeria LNG’s complex to 30 mtpa. OTC announces Distinguished Achievement Awards for 2020. Eni credits an integrated work model for the startup just 3 weeks after completion. Under the model, various disciplines worked in parallel from the exploration phase and synergies with existing production facilities were leveraged. After failing to meet a previous 2018 deadline, the owners of the Bonny Island plant say they are close to sanctioning the expansion project following the signing of a letter of intent to a consortium of Saipem Chiyoda and Daewoo for EPC services.
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.” The five discoveries combined hold an estimated 1.8 billion bbl of light oil in place. A major operator manages multiple deepwater projects in the Gulf of Guinea.
The single independent riser (SIR) is a hybrid riser configuration optimized for ultradeepwater field development. The SIR is composed of a flexible jumper and a rigid part vertically tensioned by means of distributed or continuous buoyancy. This paper describes an automated work flow that uses sensor data and machine-learning (ML) algorithms to predict and identify root causes of impending and unplanned shutdown events and provide actionable insights. The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years. Transocean reported a long list of reasons why the deepwater drilling business is coming back strong.
Country had hoped to boost oil output and bring in much-needed revenues. The well will immediately be brought on production and is expected to flow at more than 100 MMscf/D of gas and 3,000 B/D of associated condensate, the company said. The French major is racking up barrels of deepwater production as part of its large-scale West African push. Since 2007, an operator in Nigeria has registered a significant increase of oil-spill events caused by sabotage and oil-theft activities. The technology presented here allows detecting and locating leaks taking place at a distance from the sensor of up to 35 km.
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. The complete paper describes an advanced Rankine cycle process-based system that converts waste heat into usable electrical power to improve the efficiency of gas-compression stations on gas-production platforms and pipelines. Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets. A new licensing round will open up 136 blocks in the Arctic Barents Sea. The Open Group OSDU Forum aims to create a standard data platform on which members work collaboratively to enable secure, reliable, global access to all subsurface and well data.
The inspection projects to assess water ingress will be done via remotely operated vehicle. 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. Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year. Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned. The FPSO vessel will reduce capital expenditure and breakeven costs and increase commercially feasibility, leading to FID.
With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. Goal is to reduce plant emissions profile and boost sustainability in production. Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months. The W-Industries contract comes 2 months after Worley was awarded a master service agreement for services on the Mozambique LNG project.
Armada to install ROV launch and recovery system on its fleet of robotic ships. Although these look like ordinary tankers, they are unique and run on LNG and recovered oil vapors. A new video by IOGP mixes animations with personal stories to illustrate the benefits of using standardized specifications in the oil and gas industry. 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. A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.
Pirates attacked an oil production vessel off Nigeria in the early hours of 2 July and kidnapped nine Nigerian nationals, the ship’s owner BW Offshore said. The Sendje Berge ship was undergoing maintenance when the attack happened, BW Offshore’s Chief Financial Officer Staale Andreassen told Reuters. The Oslo-listed company said none of the people remaining on the vessel were injured. The vessel, a floating production, storage, and offloading vessel that can produce about 50,000 B/D, was working at the Okwori oil field operated by Addax Petroleum, a part of China’s Sinopec Group.
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets. An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable. Houston-based Occidental had earmarked the money to ease debt from buying Anadarko.