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Around $90 billion, or 40% of the revenue from the top 50 players in the global service market, could potentially be replaced by energy transition projects, such as clean energy infrastructure and renewable energy production development services. The E&P sector has maintained a strong focus on capital discipline during its recovery from the 2014 oil price downturn, as investors look for companies to generate free cash flow to help pay down debt. How will this focus affect sector growth in the near term? The decision may alleviate some of the pressures oil and gas producers faced in the wake of their imposition last year. Canada and Mexico made up a combined 20% of US imports of oil country tubular goods in 2017.
The EPSO surveys were completed offshore Mexico for Total and Cairn in compliance with requirements of Mexico’s National Agency for Safety, Energy, and Environment. In a survey of 448 workers across the oil and gas industry, UH Energy asked key questions about returning to work during the global pandemic. An offshore survey identified a decrease in focusing on cost cutting and an increase in preparing to expand operations. With the oil prices above $60/bbl the impetus for negotiation for lower prices by companies and service providers appears to be waning. After a tough 4 years, new research shows that for the first time since 2014 the oil and gas industry expects more new jobs to be created than lost over the next 12 months.
The EPSO surveys were completed offshore Mexico for Total and Cairn in compliance with requirements of Mexico’s National Agency for Safety, Energy, and Environment. The Mozambique LNG project expects to achieve financial close in Q3. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat. Goal is to reduce plant emissions profile and boost sustainability in production.
Development in software, technology, and a global 4G network combine to make ROV operations possible between offshore vessels and remote locations. For the seventh straight year, the regulatory body has found offshore operations continue to improve based on an efficiency model developed in partnership with the SPE. In its push to boost deepwater production, Petrobras is aiming to launch a leasing tender to build an FPSO described as Brazil’s largest-ever oil platform. Decommissioning work begins in the Campos and the Sergipe-Alagoas Basins. With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat.
The fully remote inspection was conducted with an ROV to increase worker safety and security and reduce environmental exposure on an offshore platform. The inspection projects to assess water ingress will be done via remotely operated vehicle. The data-driven maintenance program incorporates riser condition, usage, and fatigue analysis with a risk-based inspection process. As companies look to reduce the time it takes to inspect a subsea pipeline, as well as the costs involved in the operation, autonomous systems have become a more desirable option. How close are they to becoming the norm?
The US is putting its offshore assets up for sale to compete for exploration dollars as offshore drilling begins to grow again. By creating a different sort of partnership for a drilling project with close cooperation and greater efficiency built into every detail, including the contracts, Statoil was able to halve the cost of drilling eight wells at its Johan Sverdrup field.
The LNG A-Box containment system is designed for LNG carriers to serve smaller terminals, where larger ships are not feasible. US crude exports to China have decreased from peak levels in May and June, but Vortexa said there may be unique opportunities looking forward. Designed to be a “living” map, it focuses on the largest fixed infrastructure for crude oil and refined products such as trunk pipelines, refineries, and storage facilities. Texas LNG’s CEO Vivek Chandra and ALNGE Principal Luc Speeleveld outlined key issues and concerns facing the US LNG industry now and in the future as market dynamics remain affected by COVID-19. The planned JV is for one of three LNG terminals GCL is planning to build in China.
A simple, practical, and reliable method to detect a gas leak under the conditions of unknown inlet or outlet gas rate, or unknown inlet or outlet pressure, is highly desirable. Tube leaks present in a water-cooled sulfur recovery unit (SRU) condenser can lead to a variety of process issues, including corrosion and the oxidative formation of acidic species. This work devised a novel method to verify such leaks within a SRU condenser.