The major challenge facing society in the 21st century is to improve the quality of life for all citizens in an egalitarian way, by providing sufficient food, shelter, energy and other resources for a healthy meaningful life, whilst at the same time decarbonizing anthropogenic activity to provide a safe global climate. This means limiting the temperature rise to below 2 C. Currently, spreading wealth and health across the globe is dependent on growing the GDP of all countries. This is driven by the use of energy, which until recently has mostly derived from fossil fuel, though a number of countries have shown a decoupling of GDP growth and greenhouse gas emissions from the energy sector through rapid increases in low carbon energy generation. Nevertheless, as low carbon energy technologies are implemented over the coming decades, fossil fuels will continue to have a vital role in providing energy to drive the global economy. Considering the current level of energy consumption and projected implementation rates of low carbon energy production, a considerable quantity of fossil fuels will still be used, and to avoid emissions of GHG, carbon capture and storage (CCS) on an industrial scale will be required. In addition, the IPCC estimate that large scale GHG removal from the atmosphere is required using technologies such as Bioenergy CCS to achieve climate safety. In this paper we estimate the amount of carbon dioxide that will have to be captured and stored, the storage volume and infrastructure required if we are to achieve both the energy consumption and GHG emission goals. By reference to the UK we conclude that the oil and gas production industry alone has the geological and engineering expertise and global reach to find the geological storage structures and build the facilities, pipelines and wells required. Here we consider why and how oil and gas companies will need to morph into hydrocarbon production and carbon dioxide storage enterprises, and thus be economically sustainable businesses in the long term, by diversifying in and developing this new industry.
A study using a dynamic multiphase-flow software simulated a rapid-unloading event and determined the gas fraction in the riser annulus and the effect on riser fluid levels. The Troll field is one of the largest gas producers discovered off Norway, but ensuring its long-term future required finding ways to drill wells in an increasingly fragile formation to develop its rich oil reserves. The list of wells drilled using dual gradient includes one drilled in the “eastern Gulf of Mexico,” which could be more precisely described as offshore Cuba. A previous attempt to drill an exploration well in ultradeep water in the Gulf of Mexico (GOM) did not reach its objective.
It will provide re ... Harkand has secured a USD 5 million contract from Swiber Offshore Mexico to perform saturation divin ... Two Bumi Armada subsidiary companies secured USD 300 million worth of contracts from ElectroGas for ... Amec Foster Wheeler has been awarded a contract by BP worth more than USD 73 million. Tam International, which provides inflatable and swellable packers for the oil and gas industry, has ... Sanchez Energy closed a deal with a subsidiary of Sanchez Production Partners to sell wellbore and a ... Penn West Petroleum has entered into a USD 321 million agreement with Freehold Royalties to sell an ... Bonterra Energy has acquired Cardium formation-focused assets in the Pembina area of Alberta, Canada ... Petrobras has sold its assets in Argentina’s Austral basin to Compañia General de Combustibles for U ... Pemex signed an agreement worth USD 1 billion with private equity firmFirst Reserve to jointly inves ... Gulfport Energy entered into an agreement to acquire Paloma Partners III for USD 300 million. Apache sold its 13% stake in the Wheatstone LNG terminal in Western Australia and 50% interest in th ... Shell Petroleum Development Company of Nigeria completed the sale of its 30% interest in Oil Mining ... Oil and gas safety company Secorp opened a new office in Hobbs, New Mexico. Bill Barrett Corp. has signed agreements with several undisclosed recipients for the sale of the maj ... Encana said it will sell its remaining 54% stake in PrairieSky Royalty via a USD-2.4-billion Cardinal Energy entered into an agreement with an unnamed seller to acquire assets whose total daily ... Petrobras has awarded a contract, worth USD 465 million over a period of 5 years, to Aker Oilfield S ... CGG received contracts for the 3D seismic acquisition of four surveys using its marine broadband tec ... IKM Subsea, a subsidiary of IKM Group, has been awarded a contract by Eni Indonesia to provide remot ... OneSubsea, Schlumberger, and Helix Energy Solutions signed a letter of intent to develop technologie ... Premier Hytemp has committed to opening a USD-20-million, 67,000-ft2 precision engineering facility ... Expro has constructed a new 20,000‑m2 facility in Macaé, Brazil.
Will Blockchain Become the New Operational Backbone in Energy? Energy companies are looking to distributed ledger technology—otherwise known as blockchain—to help navigate the complex transactional systems that make up their operations. What is blockchain, and what makes it valuable to our industry? Statoil’s integrated operations center on the Norwegian continental shelf is one of several initiatives operators and service companies have set in motion to improve condition monitoring and maximize production on their assets. The company’s 31 licenses highlight a record-high total awarded during the latest APA round, which is aimed at developing mature areas of the NCS.
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.
This paper describes challenges faced in a company’s first deepwater asset in Malaysia and the methods used to overcome these issues in the planning stage. This paper discusses the successful application of managed-pressure drilling (MPD) in the basin with reduction in risks and well costs. This paper discusses how managed-pressure-drilling (MPD) technology led to cost savings in two wells drilled in the Hai Thach gas field offshore southern Vietnam. This paper describes how a technique known as applied-surface-backpressure managed-pressure drilling (ASBP-MPD) can alleviate the limitations of conventional deepwater well control. The complete paper describes a recent directional coiled-tubing drilling (DCTD) job completed for an independent operator in the Appalachian Basin.
In a $60 to $70 oil environment, the subsea market is poised to grow around 7% annually up to 2025. But a significant portion of this activity is at risk if the price of Brent crude falls to $50 per barrel. Completion comes despite two cyclones disrupting the project area during installation, McDermott said. AUVs have evolved from an emerging technology with niche uses to a viable solution and an established part of operations in various marine sectors. Douglas-Westwood’s AUV Market Forecast considers the prospective demand for AUVs in the commercial, military and research sectors over the next 5 years.
Learn more about training courses being offered. Learn more about training courses being offered. This course covers the fundamental principles concerning how hydraulic fracturing treatments can be used to stimulate oil and gas wells. It includes discussions on how to select wells for stimulation, what controls fracture propagation, fracture width, etc., how to develop data sets, and how to calculate fracture dimensions. The course also covers information concerning fracturing fluids, propping agents, and how to design and pump successful fracturing treatments. Learn more about training courses being offered. Current and future SPE Section and Student Chapter leaders are invited to engage and share. Every attendee leaves energised with a full list of ideas and a support network of fellow leaders. Those sections and student chapters actively participating in this workshop have consistently been recognized with awards as the best in SPE. SPE Cares is a global volunteering drive aimed at promoting, supporting and participating in community services at the SPE section and student chapter’s level. On its official launch this year at ATCE Dubai, SPE Cares will conduct a “Give a Ghaf” Tree Planting Programme to help preserve Ghaf’s cultural and ecological heritage. The Ghaf tree is an indigenous species, specific to UAE, Oman and Saudi Arabia. It is a drought tolerant, evergreen tree that can survive a harsh desert environment. The initiative not only aims to hold events/activities at ATCE, but also recognise community service that SPE members are already conducting in their respective student chapters and professional sections. The KEY Club, open daily, is an exclusive lounge for key SPE members. The lounge is open to those with 25 years or more of continuous membership, Century Club members, current and former SPE Board officers and directors, Honorary and Distinguished Members, as well as this year’s SPE International Award Winners and Distinguished Lecturers. DSATS (SPE’s Drilling Systems Automation Technical Section) will hold a half-day symposium featuring keynote presentations on urban automation. This symposium will explore technologies being used in developing smart cities through the automation of their infrastructure, transportation systems, energy distribution, water systems, street lighting, refuse collection, etc. These efforts rely on many of the same tools needed for drilling systems automation yielding increased efficiencies, lower maintenance and reduced emissions. Their knowledge and experience can guide the path being travelled by the oilfield drilling industry.
The reciprocating compression division manufactures and services compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines. Pioneer shut in 8,000 BOE/D production in its West Panhandle field in Texas on 6 March due to a compression station fire. Planning to use idle compressors, production is expected to restart later this month or in early April. As compressor stations are added to the natural gas gathering and transmission networks, the potential noise issues are coming under increasing public scrutiny at the same time as regulations are being rolled back.
In a $60 to $70 oil environment, the subsea market is poised to grow around 7% annually up to 2025. But a significant portion of this activity is at risk if the price of Brent crude falls to $50 per barrel. The subsea operations company said its most recent campaign is the first fully unmanned offshore pipeline inspection completed “over the horizon,” surveying up to 100 km from the shore. The subsea tieback is expected to start up in 2021. The Neptune-operated project is on track to start drilling later this year, with first oil scheduled for the end of 2020.