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The Damietta LNG plant is expected online by June 2020. The plant will be owned by ENI, EGAS and EGPC. Current production from the phase is 400 MMcf/D and expected to peak at 700 MMcf/D. A third phase also is slated to come on stream this year. As natural gas pipeline systems have grown larger and more complex, the importance of optimization of design and operation of pipelines has increased.
Statoil’s board of directors proposed to change the name of the company to Equinor as of 16 March. The name change is intended to support the company’s strategy and development as a broad energy company. Aggressive Cost-Cutting: Is it Sustainable? Onshore development is increasing production, while investors demand greater operational efficiencies. Operators and service companies are striving to strike the balance between fiscal discipline and growing their production.
Fugro and SEA-KIT’s partnership will develop unmanned vessels, while HII and Kongsberg will market naval and maritime products. Sensors, robots, and artificial intelligence have made their way into a number of areas within the industry, including pipeline inspections. Shell has begun to examine the innovative technologies that could shift the inspection paradigm. 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. Saipem is taking the lead in advancing the capabilities of FlatFish, an autonomous underwater vehicle being developed by Shell for commercial application by 2020.
The Rovuma LNG project in Mozambique was expected to reach FID later this year, with startup in 2025. ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities and assume midstream operations in Mozambique’s Area 4. Eni will continue to lead the Coral floating LNG project and all upstream operations.
Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system. Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track. The Rovuma LNG project in Mozambique was expected to reach FID later this year, with startup in 2025. The startup of the deepwater field marks the beginning of production from the massive Stabroek Block, which contains an estimated 6 billion BOE.
A new report on shale gas from UNCTAD addresses the balance between providing affordable energy to developing countries and the agency’s climate change goals. Geophysicists from Stanford University have compiled a map of new maximum horizontal stress orientations in Texas and surrounding areas, potentially giving operators new information for avoiding seismic activity in their hydraulic fracturing operations. The Wyoming Department of Environmental Quality recently concluded that hydraulic fracturing operations were not the likely cause of well water contamination in a small town.
Carbon Capture and Sequestration (CCS) is a geologic and engineering enterprise designed to reduce atmospheric emissions of greenhouse gases (GHGs). Extensive research links the GHG concentration in the atmosphere to the observed change in global temperature patterns (IPCC, 2013; Cox et al., 2000; Parmesean and Yohe, 2003). CCS technology could play an important role in efforts to limit the global average temperature rise to below 2°C, by removing carbon dioxide originating from fossil fuel use in power generation and industrial plants.
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. Phase 1 is expected to be operational in 2024. 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.
Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key. World energy is at a “pivotal moment,” says BP CEO in annual statistical review, which reveals contrasts, challenges in energy consumption, production, and emissions. COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition. The WEC identified a three-stage, respond-rebuild-recreate model being adopted by energy companies in response to the pandemic.
Earthquakes caused by hydraulic fracturing are more common in the Eagle Ford Shale of South Texas than previously thought, a new study reveals. Stanford researchers have mapped local susceptibility to man-made earthquakes in Oklahoma and Kansas. The new model incorporates physical properties of the Earth’s subsurface and forecasts a decline in potentially damaging shaking through 2020. Oklahoma regulators forced an oil and gas producer to reduce operations on a well used for disposing salt water following a large earthquake that set off a series of seismic activity in the state. Oklahoma is tightening its rules for hydraulic fracturing after studying a new cluster of earthquakes in one of the hottest US regions for drilling.