Bg Group News

Prelude. Photo: Shell

LNG Report: Floating Liquefaction & Regasification

by numerous clients in the offshore oil and gas sector.   Jim has been advisor on planned FSRU projects in Ghana, Jamaica, India, elsewhere.George Tilley, senior researcher, is a 30+ year veteran of the international oil and gas industry having worked in Brazil, Kazakhstan, India and Tanzania for BG Group. In his last assignment in Tanzania George was responsible for the commercial arrangements with partners and government for the proposed LNG project. Our other senior analyst in the study has 30+ years of experience as offshore field development engineer in offshore oil and gas projects and has

Saab Seaeye’s Sabertooth hybrid ROV/AUV (Photo: Saab)

Unmanned Vehicles May Soon Take Up Residency Subsea

then the ALIVE (autonomous light intervention vehicle) concept (an intervention-AUV, or I-AUV) in the late 1990s early 2000s.Subsea 7 has long been developing its autonomous inspection vehicle (AIV) resident concept and in recent years has been testing the vehicle offshore, including docking ability. BG Group, now part of Shell, developed the FlatFish AUV, with the help of German research institute DFKI and Brazilian research organisations. It is an inspection and survey vehicle which was aimed at being able to be launched from a floating production platform or docked subsea. (read more in November/December

Rosane Zagatti (Photo: BG Group)

BG Group & the FlatFish AUV

or actually being docked at the seafloor next to the subsea systems has been an industry goal for some years and offers a solution to two major problems: making deepwater subsea inspection become a simple task and decreasing the related costs. MTR’s correspondent in Brazil spoke to Rosane Zagatti, BG Group’s Subsea Technology Manager, about its FlatFish AUV project, which promises to bring solutions to deepwater infrastructure inspection challenges.   Subsea systems are now an integral part of offshore oil production and vital to deepwater production. In deepwater developments, ROVs may

Buzzard Platform in the UK North Sea (Photo: Nexen Energy)

UK's Buzzard Oilfield Pumping More in 2016

British field can boost Brent prices and lead to higher premiums of Brent futures for immediate delivery - leading to price volatility.   Buzzard is operated by Nexen, a unit of Chinese state company CNOOC. Other field partners are Suncor Energy Inc and Royal Dutch Shell following its purchase of BG Group.   Last year, Buzzard's production averaged 163,000 barrels per day (bpd) according to UK government data. So far this year, the average has risen to about 173,000 bpd, even though output has slowed in June because of a Forties pipeline flow restriction, sources said.   "There

FPSO Cidade de Itaguaí (Photo: BG Group)

BG Group Starts up Sixth FPSO in the Santos Basin

BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the group's discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block.    Anchored 240 kilometers off the coast of Rio de Janeiro, the Cidade de Itaguaí is approximately 2,220 meters above the ocean floor. This is the second leased FPSO deployed on the Iracema development and will double the gross production capacity to

Shell Green Lights GoM Field After Cost Cuts

Information Administration and was the location in 2010 of the worst offshore oil spill in U.S. history, involving BP's Deepwater Horizon well.   Shell's investment decision shows the energy giant's bet on deep water as it seeks to finalise by early 2016 the $70 billion acquisition of Britain's BG Group, which holds large stakes in Brazil's offshore oil production.   The project, some 80 miles (130 km) off the coast of Louisiana, is expected to start production by the end of this decade and reach peak output of around 175,000 barrels of oil equivalent (boe) per day, Shell said on Wednesday

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EMGS - Vessel update for 1Q 2015

by industry funding, covered approximately 10 new blocks in the Nordkapp and Tiddly areas. Due to poor weather conditions, the duration of the campaign has been somewhat longer than expected. The vessel's utilisation for the first quarter was 95%.   The EM Leader started on the contract for BG Group on 16 December and worked on the project the entire first quarter. The vessel's utilisation was 98% in the first quarter.   Multi-client revenues in the first quarter The Company expects to record a total of approximately USD 10 million in multi-client revenues for the first quarter 2015

Uruguay Eyes Extending Oil Exploration Contracts

Uruguay is considering extending the length of its oil exploration contracts with foreign companies drilling in its waters in order to shore up investment at a time of plunging crude prices, it said on Wednesday.   BP, BG Group, Total, a joint venture of Tullow Oil and Inpex, and a consortium of YPF, Royal Dutch Shell and Galp all have exploration agreements with the South American country and have invested around $2 billion to date.   But the recent fall in oil prices has made exploration in Uruguay unattractive, Hector de Santa Ana, exploration manager at state oil and gas company Ancap

Iara and Entorno de Iara areas in the Santos Basin, Brazil

DoC for Iara Area, Brazil

  BG Group, leader in exploration and LNG, today announced that its partner Petróleo Brasileiro S.A. (Petrobras), as the operator of block BM-S-11 in the pre-salt Santos Basin, has submitted the Declarations of Commerciality (DoC) to the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) for three separate oil and gas accumulations in the Iara area, offshore Brazil. As part of the DoC, the consortium has suggested that the new fields be designated Berbigão, Sururu and Atapú West. The Iara area is located approximately 250 kilometres off the coast of

From EMGS survey vessel control room

EMGS Wins 3D EM Contract with BG Group

  Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has been awarded a contract from BG Group worth approximately USD 27 million for 3D EM data acquisition in Uruguay.   "We are delighted to start working for BG in Uruguay on this survey. This contract provides us with a substantially improved backlog and we look forward to further developing our relationship with this customer," says Roar Bekker, CEO of EMGS.   It is expected that the data acquisition will start around 15 December 2014 by the vessel EM Leader. The survey has expected duration of 3.

GE's New office

GE Opens Global R&D Center in Brazil

  *  Working with Petrobras and BG Group to develop advanced technologies for oil and gas processing on the seabed *  GE’s Brazil Technology Center to focus on subsea oil and gas research, capitalizing on $1.2 trillion offshore market opportunity *  Site will include “Crotonville” GE leadership facility to help develop future Latin American industry leaders  General Electric today announced the opening of the $500 million Brazil Technology Center that will focus on developing advanced subsea oil and gas technology. The center, GE’s first in

Mzia well test supports potential hub

Mzia Well Supports Potential Hub Development Offshore

  BG Group plc a world leader in exploration and LNG, today announced that results from a recently completed second drill-stem test (DST) on the Mzia discovery in Block 1, offshore southern Tanzania, provided further support for a hub development to supply a potential onshore LNG project. The DST on the Mzia-3 appraisal well, drilled in approximately 1 800 metres of water around six kilometres north of the original Mzia-1 discovery, included sustained gas production at a maximum flow rate of 101 million standard cubic feet per day (mmscfd), equivalent to approximately 17 000 barrels of oil

BG Group

CATS Pipeline & Infrastructure Sold for $954m

BG Group agreed to the sale of its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners for total proceeds up to $954 million. Under the agreement, BG Group will sell its 62.78% interest in CATS for a consideration comprising $888 million on completion of the transaction and a deferred amount of $66 million. The sale does not impact BG Group's rights to capacity in CATS.   CATS comprises a fixed-riser platform linked to the Everest oil and gas platform, a 404-kilometre, 1 700 million-st

Photo courtesy of the BG Group

BG to Sell its Interest in CATS Pipeline

BG Group today announced it had agreed to the sale of its equity interest in the Central Area Transmission System (CATS) gas pipeline in the U.K. North Sea and associated infrastructure to Antin Infrastructure Partners for total proceeds up to £562 million, or approximately $954 million at current exchange rates. Under the agreement, BG Group will sell its 62.78% interest in CATS for a consideration comprising £523 million (approximately $888 million) on completion of the transaction and a deferred amount of £39 million (approximately $66 million). The sale does not impact BG

Neil McCulloch

EnQuest Names McCulloch North Sea President

Sea, with effect from April 1, 2014. Neil has held a number of senior positions in the oil and gas sector, and joins EnQuest from international oil and gas company OMV AG, where he had the global role of senior vice p resident production and engineering.  Prior to this, Neil spent 11 years with BG Group in a range of senior U.K. and international roles, most recently as vice president and asset general manager, U.K. Upstream, with accountability for the delivery of BG’s U.K. North Sea business. Neil will succeed David Heslop, who retires from his role as managing director UKCS on April

Stork Showcases Subsea Asset Integrity Solutions

a continuation of the company’s commitment to offering  products, services and innovations on both a standalone and integrated basis; yet seeking to work with clients in a more strategic way.  One example of this integrated method of working, is Stork’s recent contract win with BG Group. Through a strategic alliance, Stork and WGPSN will work with BG Group’s North Sea operations to provide engineering, project management and construction, shutdowns, asset integrity and maintenance to its offshore facilities over the next 5 years on Armada, Everest and Lomond assets in the

Kayleigh Cummings with her winning trophy prototype

Finalists Announced for Offshore Achievement Awards

by Saltire Energy) EnerMech EV Tendeka   Safety Innovations (sponsored by Petrofac) AMEC Stork Technical Services - ERBAS Viper Subsea Emerging Technology (sponsored by Nexen) Aubin Group Guardian Global Technologies Ocean Power Technologies   The Innovator (sponsored by BG Group) Paradigm Flow Services Tendeka Viper Subsea Great Small Company (sponsored by Wood Group PSN) Accord Energy Solutions Coretrax Technology Viper Subsea   Great Large Company (sponsored by Offshore Europe Partnership) DOF Subsea Hydrasun Wood Group   Working Together

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