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TCP is a strong, noncorrosive, spoolable, lightweight technology which is delivered in long lengths, resulting in a reduction of transportation and installation costs. TCP is installed using small vessels or subsea pallets, significantly reducing CO2 emissions. It is also 100% recyclable. Strohm secured a contract with Total and ExxonMobil for a qualification-testing program for a high-pressure, high-temperature (HP/HT) thermoplastic composite pipe (TCP). The qualification project will create a foundation for further development of this TCP technology for riser applications.
To achieve sustainable development goals, the United Nations (UN) agency International Maritime Organization (IMO) aims to reduce greenhouse-gas (GHG) emissions from international vessels by 50% by 2050. Last month, the IMO agreed to make an existing target legally binding to reduce the carbon intensity of shipping by 40% compared with 2008 levels in the next 10 years. To achieve the UN’s directives, shipping leaders say the first net-zero ships must be operational by 2030. Norway is targeting a more ambitious goal: zero emissions in cruise ships and ferries by 2026. Shipping companies are looking to hydrogen as one of the most promising zero-emission fuels for offshore vessels.
McDermott moved its second shipment of topside modules for MODEC’s Miamte MV34 floating production, storage, and offloading (FPSO) unit from its Altamira fabrication facility in Mexico. This follows McDermott’s first shipment of modules from Altamira in October. The modules will travel from the Altamira fabrication facility to Singapore where integration will be performed at the Dyna-Mac fabrication yard. The scope of the work comprises five FPSO topside modules, delivered in two shipments. This second shipment includes modules that provide inlet separators, oil separation, a flare knockout drum, and sand-cleanup materials.
The vessel has a large, flush working deck and a multilevel cargo hold, enabling additional modular components to suit specific project requirements and integrate offshore activities. The Karish field is being developed using the Energean Power floating production, storage, and offloading unit (FPSO) to be installed 90 km offshore. The FPSO will have a gas-treatment capacity of 800 MMscf/D and liquids- storage capacity of 800,000 bbl. First gas is expected in 2H 2021. The charter agreement for the LNG-propulsion vessels is in line with Total’s Climate Ambition and will cut down on several emissions.
Landmark deal called most significant since 1979 peace treaty. The second round will offer 19 offshore blocks clustered in five zones to continue natural gas development in the eastern Mediterranean’s Levant Basin. This paper describes the successful delivery of one ultrahigh-rate gas well (more than 250 MMscf/D) completed in a significant gas field offshore Israel with 7-in.
Chinese firms stepped in for the majors in Brazil’s two underwhelming offshore auctions. The second round will offer 19 offshore blocks clustered in five zones to continue natural gas development in the eastern Mediterranean’s Levant Basin. Israel is launching a new offshore bid round for gas-bearing blocks in the Eastern Mediterranean. OTC panelists were excited at the potential of deepwater exploration offshore Mexico and believe that opportunities there could eventually drive a big new wave of activity.
For an industry once fueled by the law of supply and demand, the new economic reality has brought new rules. The $20.7-billion agreement is the single-largest energy infrastructure investment in the region. In 2 months, the US saw a 56% decline in rig count, reaching a 33-year low. There are numerous views of what the future energy landscape will look like in the next decade and beyond. When thinking about sources of primary energy, it is not a question of either/or, it is a question of what can reach scale fast enough to meet continued demand growth.
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.” Landmark deal called most significant since 1979 peace treaty. The discovery is world’s third-largest natural gas discovery in the past 2 years.
Africa (Sub-Sahara) An initial drillstem test on the Mzia-2 well in Block 1 flowed at a maximum rate of 57 million ft3 of gas per day, increasing the estimated recoverable resources from the field to 4.5 trillion ft3. This is the first test carried out on a Cretaceous discovery in deepwater offshore Tanzania. BG (60%) is the operator in partnership with Ophir Energy (40%). Asia Pacific Production has begun from the Wei Zhou 6-12 oil field in the Beibu Gulf basin in the north part of the South China Sea. The project has 10 producing wells drilled at an average water depth of 29.2 m. CNOOC has a 51% operating interest in partnership with Roc Oil, Horizon Oil, and Oil Australia. Salamander Energy signed production-sharing contracts for the Northeast Bangkanai and West Bangkanai license areas, onshore central Kalimantan in Indonesia. Each area covers approximately 2,214 sq miles.