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We encourage you to take advantage of the technical programming and networking opportunities that these co-located events offer. Fawaz Bitar, IOGP Chairman, will present the IOGP Young Professionals Award. The Executive Plenary session will bring together industry executives and leaders to discuss their perspectives on the region’s foremost challenges and opportunities. A special emphasis on the interdependency between sustainable development and technology advancement will provide the audience with actionable insights to support regional and global growth efforts.A special emphasis on the interdependency between sustainable development and technology advancement will provide the audience with actionable insights to support regional and global growth efforts, intersecting touch points on how organizations are adapting and aiming to thrive with the wake of COVID-19. The opening panel session at LACPEC will focus on technologies and field operations that improve asset development in unconventional plays.
McDermott was selected previously for a study of the FPU. Completion of the Trion project is expected in Q3. Several companies have provided updates on their North American LNG projects, including Pembina, LNG Canada, and Sempra. The outlooks vary from plans to move ahead to others seeking money to stay afloat. The decision may alleviate some of the pressures oil and gas producers faced in the wake of their imposition last year.
Finding niches that provide a competitive edge over larger operators has enabled Talos Energy to leapfrog into a powerful position with Mexico’s first offshore wildcat discovery. A major offshore discovery led by Talos Energy is the first successful wildcat well drilled by a private company in Mexico in almost 80 years and a milestone for the country’s recently enacted energy reform.
With McDermott announcing “substantial completion” of the production platform, operator Pemex is expected to begin commercial operations soon. Abkatun-A2 will produce up to 220,000 BOPD from shallow-water fields in the Gulf of Mexico. The deal covers the installation of a pair of rigid flowlines for the shallow heavy oil field, Pemex’s largest discovery to date. Work is expected to be completed early next year. The engineering and construction company announced that it had achieved a pair of milestones for BP’s Angelin and Pemex’s Abkatun-A2 platforms, both of which are scheduled for delivery within the next two fiscal quarters.
CB&I Storage Solutions joins a list of contractors working on the Trans Mountain Expansion Project. McDermott’s restructuring comes 5 months after it filed for Chapter 11 protection. The company was struggling with debt since its 2018 acquisition of CB&I. McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.
Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea. The savings result in part from the depreciation of global currencies against the US dollar, as most operating expenses in oil and gas production are realized in local currencies. The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future. Mexican President Andrés Manuel López Obrador is prioritizing investment in Pemex over foreign participation as a means to boost the country’s shrinking oil output. Early production from Area 1 is the first output from an international operator in Mexico since energy reforms were implemented earlier this decade.
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 Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years. For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge.
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.
Armada to install ROV launch and recovery system on its fleet of robotic ships. Delivery of the umbilicals is expected in Q4 2021. The King’s Quay FPS achieved FID in Q2 2019, and is expected to process up to 80,000 B/D of crude oil with first production in 2022. WFS Technologies’ collaboration is its second in as many months supporting its Seatooth technologies. Petrofac’s well management contract comes nearly a month after IOG received approval for phase 1.