Floating Production – A Growing Segment in Transition
models of many floating production system owners. Changes include deploying the latest technologies to decarbonize floating production operations and transition floating production activity into a wider floating energy business that leverages the skills and lessons learnt from deepwater oil & gas projects into the emerging floating wind segment, with measures including:The use gas and reduction in routine flaring, whether through liquefaction or pipeline export.The increased deployment of carbon capture technologies coupled with the reinjection of carbon dioxide into wells (e.g. Petrobras plans
McDermott and Baker Hughes Install Subsea Infrastructure at Ichthys Field
well-positioned to support customers with a strong regional capability, complemented by a strong McDermott presence in Batam and the region as a whole,” said Romain Chambault, Baker Hughes Senior Vice President, Subsea Projects and Services.Ihthys LNG is ranked among the most significant oil and gas projects in the world. The energy development is a joint venture between INPEX group companies (the operator), major partner TotalEnergies, and the Australian subsidiaries of CPC Corporation Taiwan, Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas.Located about 220 kilometers offshore Western
Halliburton, Baker Hughes Beat Profit Estimates as International Demand Offsets Weak N. America
from first quarter. Halliburton beat analysts' estimate by 2 cents at 77 cents per share for the three months ended June 30, while Baker Hughes topped estimates by 6 cents per share at 39 cents, according to Refinitiv data. Baker Hughes, a major equipment supplier for liquefied natural gas projects, said it expects the LNG market to exceed 65 million tons per annum (MTPA) of final investment decisions this year and next, on solid demand growth led by Europe and Asia. (Reuters - Reporting by Arathy Somasekhar in Houston, Arunima Kumar and Sourasis Bose in Bengaluru; Editing by Sriraj
Markets: The Challenges of Developing Floating Wind at Scale
capacity is required. Installation of these cables will also call on the subsea fleet, which is increasingly occupied in the oil and gas segment.Floating substations: Till now only one floating substation has been demonstrated. Although the concept should be familiar to developers of deepwater oil and gas projects, new concepts are required.Installation vessels: It is often said that floating wind projects require “small” and readily available tugs to support installation. This is not the case. The highest bollard pull anchor handlers featuring the largest clear back decks and biggest chain
UWA Engineers Supporting Worley's Enhanced Subsea Gas Tieback Project
alternative aims to reduce carbon emissions by up to 90 percent compared to offshore compression and platforms.“This new partnership with Worley will support a new, cutting-edge industry technology with the potential to significantly reduce the capital and carbon intensity of future gas projects, constituting a critical path in the transition to emissions neutrality,” Professor Aman said.“UWA will contribute expertise to support the operation of pilot-scale trials in the UK, and will extend complex simulation tools to incorporate this new technology: together, the outcomes
Strohm, Petronas Partner Up to Commercialize Thermoplastic Composite Pipes
in expanding the knowledge of the design, production, and qualification standard from Strohm’s technology backbone – DNV (standard ST-F119), allowing operators to qualify and utilise TCP, instead of metallic pipes, creating substantial cost reduction potentials in all stages of oil and gas projects life cycle," Strohm said.The two firms have been working together since 2012, when they began a TCP qualification program, followed by a successful pilot installation project for a full well stream production pipeline on the West Lutong field in Sarawak waters."With a growing track record
Baker Hughes Expands in Guyana
services at the new supercenter. The center is expected to employ more than 100 employees within five years, and the majority are expected to be Guyanese.“Today’s announcement significantly expands Baker Hughes’ ability to support Guyana’s energy goals and leading oil and gas projects in the country,” said Maria Claudia Borras, executive vice president for Oilfield Services at Baker Hughes, during the facility’s opening ceremony on Feb. 14. “Baker Hughes is well-known in the region for service and technical excellence, and our new Guyana supercenter will bolster
Can the Subsea Factory Support a Net Zero World?
car fleet in Stavanger.But the oil and gas industry is far from dead. In fact, fossil fuels are needed for years to come, while other solutions are being developed. We cannot just stop, as this would create a shortage and imbalance in the market.Instead, we need to focus on how we develop oil and gas projects with low-carbon solutions and sustainably. This is how we can make a difference to the total world emissions.Thank you Mads, we appreciate your time!Mads is one of the keynote speakers and technical presenters at UTC 2021, which will be held online this year. Read the full program here.UTC is
Subsea LiDar Specialist Ventures into Offshore Geophysical Survey Business
Geophysical Survey Services division. According to 3D at Depth, the new division will provide surveys to support both nearshores, inshore, and offshore deepwater development activities focused in the areas of offshore wind farms, pipeline routes, environmental site surveys, offshore oil and gas projects, and civil engineering surveys. The firm said that its new division was supported by a team of experienced LiDAR experts, 3D data specialists, geophysical, and hydrographic professionals providing "a multi-disciplined approach to guide, identify and analyze data acquisition initiatives
February 2024
