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PETRONAS FLNG SATU (PFLNG1) is a floating liquefied natural gas facility producing 1.2 million tonnes per annum (mtpa) of LNG, on a facility that is 365m long, and 60m wide, making it among the largest offshore facility ever built. The PFLNG1 project is the first of its kind in the world and is the first deployment of PETRONASâ€™ Floating Liquefied Natural Gas (FLNG) technology, consolidating the traditional offshore to onshore LNG infrastructure into a single facility. This will see a giant floating facility capable of extracting, liquefying and storing LNG at sea, before it is exported to customers around the globe. The FLNG journey has come a long way since 2006, with many technological options explored to monetise and unlock the potential of small and stranded gas fields. Moving an LNG production to an offshore setting poses a demanding set of challenges â€“ as every element of a conventional LNG facility needs to fit into an area roughly one quarter the size in the open seas whilst maintaining safety and increased flexibility to LNG production and delivery. The keynote address describes the breakthrough features of PFLNG1 â€“ the worldâ€™s first floating LNG facility; and the pioneering innovation that it brings to the LNG industry.
Since the industrial revolution, the oil and gas industry has played an important role in the economic transformation of the world, fueling the need for heat, light and mobility of the world’s population. Today, the oil and gas industry has the opportunity to redefine its boundaries through digitalisation, after a period of falling crude prices disrupted exploration and production activities, and ineffective mature field development challenges that are currently facing most oil and gas companies in Indonesia. The recent downturn in the oil and gas industry has led to massive layoffs. Digital industrial revolution is slowly changing how upstream businesses operate. Increasing public awareness of climate change has fuelled the urgency to shift to cleaner alternative energy.
Oil drilling produces up to 10 gallons of water for every barrel of oil. While the Environmental Protection Agency has balked at allowing oil companies to treat drilling waste water and discharge it into streams, oil-rich states, including Texas, are moving forward with plans to permit it. Last fall, European Space Agency satellites detected huge plumes of methane leaking from the Yamal pipeline that carries natural gas from Siberia to Europe. Energy consultancy Kayrros estimated one leak was spewing out 93 tonnes of methane every hour. The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050. The cement industry is exploring carbon capture technology to reduce its carbon footprint. A new idea from Equinor calls for autonomous submarines to transport CO2 from the surface to the seabed. The Norwegian operator says the shuttles could also carry oil and water for injection.
Green fields today mostly can be regarded as marginal fields and successfully developed. It covers the complete assessment of the oil and gas recovery potential from reservoir structure and formation evaluation, oil and gas reserve mapping, their uncertainties and risks management, feasible reservoir fluid depletion approaches, and to the construction of integrated production systems for cost effective development of the green fields. Depth conversion of time interpretations is a basic skill set for interpreters. There is no single methodology that is optimal for all cases. Next, appropriate depth methods will be presented. Depth imaging should be considered an integral component of interpretation. If the results derived from depth imaging are intended to mitigate risk, the interpreter must actively guide the process.
Occidental Petroleum has closed on deals totaling $1.7 billion as part of its divestment program following its $38-billion takeover of Anadarko Petroleum. Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253. Oxy has won the fight for Anadarko. Citing capital discipline as the reason, Chevron has elected not to make another bid for the independent. Anadarko Petroleum now plans to exit its agreement with Chevron after deeming Occidental Petroleum's revised takeover bid "superior."
A new joint study will test the economic viability of taking CO2 from a cement plant and giving it to an oil company to pump underground. Occidental Petroleum has closed on deals totaling $1.7 billion as part of its divestment program following its $38-billion takeover of Anadarko Petroleum. Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253. The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems. The biggest merger in the oil and gas industry in 3 years has become official, making Oxy the largest holder of land in both the Permian Basin and DJ Basin.
GlassPoint Solar was founded in 2008 to replace the use of natural gas for steamflooding heavy-oil reservoirs. But amid low energy prices, its chief investor has decided to pull the plug for good. The projects are designed to reduce technical risks in enhanced oil recovery and expand application of EOR methods in conventional and unconventional reservoirs. There is every reason to believe that enhanced oil recovery through huff-and-puff injections in US tight-oil plays could be a technical success across large numbers of wells. However, widespread economic success remains uncertain.
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 good news is 95% of the oil companies in Texas are expected to survive 2020, which means there is a lot of bad news to endure. Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts. What Damage Is Wrought by the Rush to Shut In Wells? The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins. Autonomous Inflow Control Valve technology demonstrates significant benefits within first year.