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Oil and Gas industry news - latest news

CRC-Evans celebrates grand opening of new offshore division headquarters

The Offshore Division Headquarters of CRC-Evans Pipeline International, Inc. is now located in Alness, Scotland.

Welding Journal, vol.93, no.4. April 2014. p.20.


Letter of intent to equip semi-submersible crane vessel

Huisman, the global specialist in lifting, drilling and subsea solutions, has received a letter of intent for the delivery of cranes for Heerema’s planned new semi-submersible crane vessel. The cranes, which will be tub-mounted, will have a lifting capacity of 10,000 tonnes at an outreach of 48m and will be built at Huisman's production facility in China. The final decision to build the new semi-submersible crane vessel will be made by Heerema before the end of the year. Unlike traditional tub cranes, which make use of either bogies or large wheels for their slew system, the Huisman cranes will employ large bearings of the company’s own design.

http://tinyurl.com/p885932


Attract, train, retain - capturing the armed forces talent pool

In the UK, OPITO - the oil and gas industry skills body - is building on its pilot Transition Training Programme to fill a looming talent gap by strengthening direct links between the industry and its potential talent pool. Recent headlines have said that the UK is expected to cut 3,000 military jobs in 2014 and at least 20,000 by 2020. Notes that this gives oil and gas firms an opportunity to fill the gaps in their workforce by employing these former military service members who have a broad range of transferable skills and experiences. The OPITO programme is designed to educate former military personnel about their job prospects within the oil and gas industry and about all the different facets of the industry.

E&P, vol. 87, issue 2, Feb. 2014. pp.16,18.


Schiehallion challenge met with integrated approach

Reports on the redevelopment of BP's Schiehallion field, located 175 miles west of Shetland, where recent appraisal wells have indicated that there might be more than double the amount of recoverable reserves than previously thought. Technip, as a subsea specialist, is playing a major role in this redevelopment. The company's Quad 204 team has been tasked with disconnecting the existing FPSO unit, installing the new unit when it arrives on site, and mooring it securely in the existing location. The remit also encompasses recovering the old moorings from the site. Additionally, Technip has been commissioned to completely replace the riser and mooring system now in place.

E&P, vol. 87, issue 2, Feb. 2014. pp.68-70.


Rosneft set to spend US$ 83 billion on Siberia

Russian state company Rosneft has announced that it plans to spend $83bn developing the Eastern Siberian Vankor field in the coming years. Rosneft believes that the oil and gas cluster present in the Vankor field could be capable of producing approximately 55M tonnes of oil per year by 2025, whilst also creating some 15,000 skilled jobs in the process. The field began production in 2009 and is viewed as a key part of Russia's strategic shift towards supplying Asia.

Oilfield Technology, vol. 7, no. 3, Mar. 2014. p.8.


OneSubsea in Egypt deal worth US$ 80 million

OneSubsea, a company jointly operated by oilfield services companies Cameron and Schlumberger, has been awarded a contract worth $80M to supply subsea equipment offshore Egypt. The contract was awarded by the Pharonic Petroleum Company and covers the East Nile Delta END-3 development. As well as overseeing installation, OneSubsea is to provide the subsea production equipment, wet gas flow meters, HIPPS and operational spares. The site covered by the contract, which is located approximately 70km offshore Egypt, is actually a extension of the Taurt development, which OneSubsea had previously supplied with equipment in 2006.

Oilfield Technology, vol. 7, no. 3, Mar. 2014. p.8.


Engineering the future

Reports on the decommissioning of the Murchison platform in the North Sea, one of the first major decommissioning programmes on the region. Aker Solutions has been awarded a three-year contract by CNR International for the first stage of the decommissioning. Aker Solutions will lead with the engineering down and conversion of the platform to NUI (normally unmanned installation) status in 2014/15 and support, as required, the preparation for removal scheduled for 2016. Notes that Aker has already carried out a significant amount of decommissioning work across the Norwegian and UK Continental Shelf.

Oilfield Technology, vol. 7, no. 3, Mar. 2014. pp.68-72.


DNV GL JIP to provide guidance for installation of rigid and flexible pipes, umbilicals and power cables

Failures of installed pipes, umbilicals and cables during installation can potentially lead to higher costs for the oil & gas industry and delayed start-ups. However, there are currently no Standards or Recommended Practices that address analysis methodology related to the laying of such products. To address this, DNV GL has launched a Joint Industry Project to develop best practice guidelines on this matter. The overall purpose of the JIP is to present the typical challenges that should be addressed in planning and design of marine operations and to establish a common basis for installation design of pipelines, umbilicals and cables. Twenty industry partners have signed up for the JIP - ABB, Allseas, Boskalis/VSMC, Bureau Veritas, EMAS, Heerema, Hyundai Heavy Industries, JFE Steel, KW Ltd., McDermott, Nexans, NOV, Petrobras, Saipem, Statoil, Subsea7, Technip, Tideway, Wood Group Kenny and Woodside.

http://tinyurl.com/n3or9kz


Halliburton announces unconventional resource development partnership with Russian State Oil and Gas University-Gubkin

Halliburton has announced the signing of a partnership agreement with Gubkin Russian State University of Oil and Gas for the development of unconventional resources in Russia, including the Bazhenov shale. As part of the agreement, Halliburton will provide senior technical and management staff to serve on Gubkin's Industry Advisory Boards, as well as provide the foundation material for Gubkin's unconventional curriculum that will become the basis for student and industry training. In addition, Halliburton will work with Gubkin to explore basic applied research opportunities in conventional and unconventional resource development, provide assistance with student projects, and pursue R&D opportunities with Russian industry partners. According to published reports, Russia may hold as many as 680 trillion cubic meters of unconventional resources, which include gas from shale, sandstones and coal beds.

http://tinyurl.com/kaysoub


CB&I awarded contract for Liwa Plastics Project

CB&I it has been awarded a contract valued in excess of $40M by Oman Oil Refineries and Petroleum Industries Company to provide ethylene technology and front end engineering and design services for the Liwa Plastics Project in the Sultanate of Oman. CB&I's project scope includes FEED services for a grassroots 800 ktpa ethylene plant, pygas unit, MTBE and butene-1 unit, two polymer plants, a gas plant and pipeline as well as the related off-sites and utilities. The ethylene plant will employ CB&I's latest, proven ethylene technology, including highly selective SRT cracking heaters and its innovative recovery section design, featuring low pressure separation and mixed refrigeration to minimize investment costs.

http://tinyurl.com/kek6yfg


Saipem 'drops' Roncador pipe

Saipem is reported to have lost steel pipe into the sea while carrying out installation work at the Roncador field off Brazil, dealing a blow to state-owned operator Petrobras’ bid to boost output from the Campos basin project. Sources have said that the Italian pipelay contractor dropped the 2.3km steel pipe after rigging used to manoeuvre the line into position on a floating oil platform at the field failed as the work was being carried out on 16 March. As a result, the high-grade metal-alloy tubes worth around $2M plunged about 1800 metres to the bottom of the Atlantic Ocean, leaving the pipe a total, crumpled loss. However, the cost of the accident is likely to be much higher than the value of the lost pipe, sources said, as it will delay by about a month efforts to ramp up field production and lead to losses of tens of millions of dollars in oil output, salaries and equipment. It comes at a time when Petrobras can least afford it as the company suffers falling oil and gas production that is starving it of revenue and driving up debt, while it is struggling to bring online new fields to offset the output drop. New pipe will be supplied to Saipem from Petrobras' existing stock and connection work will restart in April.

http://tinyurl.com/kvo5tjs


Wood Group enhances Canadian pipeline engineering capability with acquisition of Sunstone

Wood Group has acquired Sunstone Projects for C$14.5M. Sunstone is a pipeline consulting company providing engineering, procurement and construction management services to clients in the Canadian oil and gas industry. It employs approximately 70 people and in 2013 generated sales of approximately C$21M. Sunstone will be rebranded as Wood Group Mustang and operate within its Canadian operations. It will continue to be led by the existing management team under Sunstone President Barry Bauhuis.

http://tinyurl.com/le77t2c


Oman to buy up Petronet project

Oman's oil minister Mohammed bin Hamad Al Rumhy has said that the country is keen to take up to a 20% stake in the Petronet LNG planned Gangavaram liquefied natural gas import project on India's east coast. 'We are interested in Petronet. We are looking to invest in one of their projects in east coast. We have not decided on stake. It will be small, maybe ten, fifteen, twenty per cent', he said. Petronet is constructing a 5 million tonnes per annum LNG receiving and regasification facility at Gangavaram, in the state of Andhra Pradesh, which will be the first such project on India's east coast. The company is aiming to have the terminal, which could have its capacity doubled to 10 million tpa, in initial operations in 2018. Before the onshore project is completed, Petronet plans to bring in a floating storage and regasification unit to handle LNG imports over the next few years. Petronet LNG, itself a consortium, intends to progress Gangavaram as a joint venture project in which it wants to retain a minimum 51% equity.

http://tinyurl.com/mjo8gle


UPDATE 2-Kashagan may fail to restart this year if offshore pipes damaged

Kazakh Oil and Gas Minister Uzakbai Karabalin has said that output at the country's huge Kashagan oilfield may fail to restart this year if test results expected in May show cracks in the offshore part of its pipeline network. An inspection of the pipelines is under way and 'suspicions have emerged' of microcracks in those laid in the Caspian Sea, Karabalin told reporters. Kazakhstan, Central Asia's largest economy and the second-largest post-Soviet oil producer after Russia, is pinning hopes for future prosperity on Kashagan, whose recoverable reserves are estimated at 9 billion to 13 billion barrels of oil. Delayed output at Kashagan has unsettled Kazakh authorities, which have already sued the consortium operating the oilfield for 134 billion tenge ($737M) over ecological damage. The consortium has said that it would challenge the fine, potentially raising tensions with the government, which in recent years has become more assertive in dealing with foreign investors and has used legal action as leverage to increase participation in some energy projects.

http://tinyurl.com/kwvdgko


Iraq breaks ground on Karbala refinery

Iraq has started construction on a long-planned refinery in Karbala Province, 100 km south of Baghdad. The refinery is being built by a four-company consortium of South Korean companies, led by Hyundai Engineering & Construction. The planned 140,000 b/d refinery, which will contain more than 20 processing units to produce liquefied gas, gasoline, gas oil, fuel oil, jet fuel and asphalt meeting international standards equivalent to European production, will serve growing domestic Iraqi demand. The refinery's production capacity, combined with the high-quality specification of its product output, means that a single year's production can cover the cost of the entire project. The Iraqi Ministry of Oil also plans to complete other projects designed to transition the country to a net exporter from a net importer of oil products.

Oil & Gas Journal, vol. 112.3, 3 Mar. 2014. p.14.


E&P capital spending to rebound in North America

Oil and gas industry capital spending in the US will rise 5.2% in 2014, according to Oil & Gas Journal's annual spending report. Capital expenditures will also rise in Canada this year, up 2.4% to C$80bn. This rise in spending will mostly be brought about by upstream operations. After a slow drilling pace in 2013, drilling activity is expected to increase in 2014 in both the US and Canada, assisted by increases in drilling efficiency. After experiencing a boom last year, pipeline spending in North America will slow down this year due to decreases in planned construction. Worldwide E&P spending is expected to continue solid growth, led by the Middle East, Latin America and Russia, according to the most recent Barclays E&P Capital Spending Survey.

Oil & Gas Journal, vol. 112.3, 3 Mar. 2014. pp.30-34.


Tejas Tubular

Nebraska Governor Dave Heineman has announced the expansion of Tejas Tubular Products, a Texas-based oil country tubular goods manufacturer, to the greater Norfolk, Nebraska area. Tejas will build the 350,000 sq ft Madison county facility to supply more than 150,000 tons of steel products that include casing, drill pipe and line pipe for oil and gas production. The expansion will create more than 200 new jobs in the Norfolk area.

Oil & Gas Journal, vol. 112.3, 3 Mar. 2014. pp.115-116.


Note: TWI's industry news is compiled using external sources. As such, TWI Ltd does not guarantee the accuracy of the information provided, and the information does not reflect the views and opinions of TWI Ltd.