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Carbon Capture and Sequestration (CCS) is a geologic and engineering enterprise designed to reduce atmospheric emissions of greenhouse gases (GHGs). Extensive research links the GHG concentration in the atmosphere to the observed change in global temperature patterns (IPCC, 2013; Cox et al., 2000; Parmesean and Yohe, 2003). CCS technology could play an important role in efforts to limit the global average temperature rise to below 2°C, by removing carbon dioxide originating from fossil fuel use in power generation and industrial plants.
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. 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. 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.”
Sabine Pass Train 6 gets the nod, Bechtel gets the go-ahead for construction. Apache Corp. signed a deal with Cheniere to supply natural gas produced from its Permian Basin Alpine High area to the Corpus Christi LNG facility Startup comes 8 months after the initial discovery in March, marking the second successful tieback since 2017 to the Beryl Alpha platform in the UK North Sea. The rising oil production and produced water volumes in the Permian are expanding the scope and scale of recycling. Apache is targeting 50% of its frac water to be made up from recycled produced water this year. Industry CIOs examine the challenges operators and service companies face in understanding cybersecurity threats.
Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year. The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle. Equinor, the operator of the Johan Sverdrup field, said that Mongstad will receive more than 30% of the total oil from the Norwegian Continental Shelf when the field is operating at full capacity. Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned.
Briefly stated, carbon capture and sequestration (CCS) will help us to sustain many of the benefits of using hydrocarbons to generate energy as we move into a carbon-constrained world. Even though the CO2 generated by burning hydrocarbons cannot always be captured easily in some cases (as in oil used for transportation), sequestration of CO2 from other sources (such as coal-fired power stations) can help to create, to some degree, the “headroom” needed for the volumes of CO2 that escape capture. Because of the likely continuing competitive (direct) cost of hydrocarbons and in light of the huge investment in infrastructure already made to deliver them, the combination of fossil fuel use with CCS is likely to be emphasized as a strong complement to strategies involving alternative, nonhydrocarbon sources of energy. Moreover, the exploitation of heavy oil, tar sands, oil shales, and liquids derived from coal for transportation fuel is likely to increase, even though these come with a significantly heavier burden of CO2 than that associated with conventional oil and gas. CCS has the potential to mitigate some of this extra CO2 burden. If we wish to sustain the use of oil, gas, and coal to meet energy demands in a carbon-constrained world and to provide time to move toward alternative energy sources, then it will be necessary to plan for and implement CCS over the coming decades. Subsequently, we should expect a continued need for CCS beyond the end of the century.
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.
Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high. The inspection projects to assess water ingress will be done via remotely operated vehicle. Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year. 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. Poland state officials said the terminal expansion is crucial to strengthening the country’s energy security by increasing its capacity to receive LNG and gas from European countries and decreasing its dependence on Russia.
Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year. 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. A recovery in the energy industry is key to the oilfield water sector in the Permian. But the industry must address issues such as further research, regulatory changes, and technology. Poland state officials said the terminal expansion is crucial to strengthening the country’s energy security by increasing its capacity to receive LNG and gas from European countries and decreasing its dependence on Russia.
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. If we must reduce emissions to make our industry “greener,” what are some of the options that we can apply? Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high. The inspection projects to assess water ingress will be done via remotely operated vehicle.
Unprecedented, perfect storm, a black swan event—all ways of describing the situation the oil and gas sector finds itself in right now. After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order. The startup of the deepwater field marks the beginning of production from the massive Stabroek Block, which contains an estimated 6 billion BOE. ExxonMobil estimates that at least 5 FPSOs will be producing more than 750,000 BOPD from the Stabroek Block by 2025. The unmanned development is expected to add 80 million BOE of production to the aging Norwegian North Sea field.