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BP and partners have sanctioned the Azeri Central East project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli oilfield complex in the Azerbaijan sector of the Caspian Sea. RDS, a KCA Deutag division, and Kavin Engineering and Services entered into a strategic alliance to jointly pursue design and engineering projects across the upstream and midstream oil and gas market. Last month, KCA Deutag agreed to form a joint venture with SOCAR.
A shut-in subsea flowline is believed to be the source of the spill on Husky Energy’s SeaRose FPSO offshore Newfoundland and Labrador. The spill is believed to be the largest in the history of the Canadian province. The deal gives Equinor exploration parcels in the prolific Jeanne d’Arc Basin, near its existing discoveries offshore Newfoundland and Labrador.
Equinor increases its stake in the Njord redevelopment project as part of the agreement, while Faroe gains Equinor's stakes in four Norwegian Sea and North Sea fields. The deal gives Equinor an additional 7.5% ownership stake in the Njord redevelopment project and associated tiebacks in the Norwegian Sea, and potentially raises Faroe’s value in the midst of a hostile takeover attempt by DNO.
Layne Water Midstream has amended its agreement with the Texas General Land Office to gain exclusive right for reuse and disposal of produced water in the Delaware Basin. As Permian production ramps up and saltwater disposal well capacity is pushed to its limit, companies see a need to develop collaborative, commercially viable methods of handling produced-water volumes. If reuse remains at its current rate of only 15%, operators could face a $30-billion tab.
Eni conducted a research project to explore the maturity of new technologies to enable economical development of deepwater prospects with tieback distances longer than 50 km and 150 km, respectively, for oil and gas fields. The motto of the Olympic Games is “Citius, Altius, Fortius,” Latin for “faster, higher, stronger,” which emphasizes the concept of pushing the limits. As an engineer, that approach really speaks to me—and offshore installations, and especially offshore tiebacks, illustrate that concept very well. Linhua4-1 was China’s first tieback subsea development project. To develop this marginal oil field, a number of technical challenges were overcome through a series of new technologies, and their successful development and implementation.
A fault was identified at the Leviathan platform’s production system. This comes a month after a malfunction was discovered at the project’s subsea pipeline. The deal, first announced in May, gives the Delek subsidiary 10 additional producing field interests in the UK North Sea, boosting its 2019 production by 300%. The facility would enable exports from one of the world’s largest gas discoveries to new markets, primarily in Europe and Asia. The Leviathan partners have signed deals to export gas to Middle Eastern countries such as Egypt and Jordan.
The meeting with project partners comes less than a month after Mammoet was awarded an unloading, transportation, and installation contract. The proposed Russian LNG project would sell LNG to Asia by 2025. It is the latest in a handful of LNG projects slated for Russia. What are the impacts of the energy crunch on OCTG demand? Shell remains involved in the Salym Petroleum Development JV with Gazprom after dropping out of the planned Meretoyakhaneftegaz JV.
Oil demand in India has grown rapidly in the past decade due to its rapidly advancing middle class. A national drive to improve environmental pollution is focusing on natural gas as a transitionary energy source due to its lower carbon emissions. Gas hydrate resources in India are huge and potentially represent a global energy game changer if the technologies for production from hydrate reservoirs are techno-economically established. Several initiatives have been undertaken by NGHP in India for gas hydrate exploration in deepwater offshore. Sustained rapid economic growth has made China and India increasingly important in the world economy.