Crude Oil News

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Brazilian Beaches Hit by Second Oil Spill

Crude oil smudges have been spotted at some Brazilian beaches in the northeast state of Ceará, the country's navy said on Monday, almost two months after the area was hit by another oil slick.That was part of a broader spill, whose origin remains a mystery, that stained hundreds of beaches on Brazil's northeast coast between September and November, threatening marine life, tourism and fishing.The navy said samples of the new spill were being sent for analysis to a marine studies institute, adding that sailors, volunteers, members of environmental agency IBAMA and others were recovering

Map: Total

GoM: Total Begins Two Deepwater Projects

for the North Platte discovery in the deepwater GoM.Total holds a working interest of 37.14% in Anchor, alongside operator Chevron (62.86%).The Anchor field will be developed with seven subsea wells connected to a semi-submersible floating production unit (FPU) with a capacity of 75,000 barrels of crude oil and 28 million cubic feet of gas per day. First oil is expected in 2024.Anchor will be the first development to use the high-pressure 20,000-pounds-per-square-inch (20 kpsi) technologies developed at industry level over the last few years.Total also holds interests with Chevron in other leases

(Image: Schlumberger)

OneSubsea to Supply 20K SPS for Chevron's Anchor

ultra-high pressure deepwater development earlier today. Its partner Total holds the remaining 37.14% working interest in the project.The first phase will encompass a seven-well subsea development tied to a semisubmersible floating production unit (FPU) with planned design capacity of 75,000 barrels of crude oil and 28 million cubic feet of natural gas per day. First oil is expected in 2024.Justin Rostant, an analyst with Wood Mackenzie’s Gulf of Mexico team, expects that the Anchor FID will “kickstart the next wave of investments in US Gulf of Mexico.”“Anchor is the first of three

Photo: OSIL

Complete Oil Spill Monitoring Solutions for Vulnerable Areas

aquatic and terrestrial applications where there is a concern over the potential for exposure to hydrocarbons.OSIL build and install systems including oil spill monitoring buoys that are capable of detecting and monitoring surface sheens, oil in water monitoring buoys that can identify and quantify crude oil and refined fuels present in the water column using submersible sensors, and land-based non-contact oil spill detection systems. These structures can detect a variety of hydrocarbon based substances, and can be set up to ignore other materials that fluoresce in the same wavelength.Real time data

(Photo: InterMoor)

Mooring Change-out for the Alba FSU

, in the UK Central North Sea. First oil was achieved in January 1994.In addition to the FSU (the first purpose-built for the UK sector of the North Sea), field facilities include a fixed steel platform, the Alba Northern Platform, and the Alba Extreme South subsea production center added in 2001.Alba crude oil is offloaded from the stern of the FSU to a shuttle tanker approximately once per month before being transported to refineries in northwest Europe. Alba gas is used for fuel and the platform is also connected by a gas line to the Britannia platform in which Chevron holds a nonoperated working interest

Visakhapatnam port is a second largest port by cargo handled in India. (Image Credit: AdobeStock / © SNEHIT)

India's Ports on Alert for 'Underwater' Attacks

Kashmir," the source said. "There has been no such movement."Located on the Gulf of Kutch, the Mundra Port is India's largest private port accounting for nearly one-fourth of the cargo movement in the country.The Kandla port, built in the 1950s, is a major hub for cargoes such as crude oil and agricultural commodities of cargo handled.India has in the past been attacked by Pakistani militants infiltrating by sea.In 2008, 10 militants arrived on a rubber boat on the Mumbai waterfront after crossing the Arabian sea from Karachi in a fishing trawler.They unleashed three days of carnage

Source: GlobalData

Industrial Internet to Help Upstream Sector

of projects against different market scenarios, optimizing inventory levels, demand forecasting, decision support, and logistics optimization, and setting up long-term objectives for an organization.”Adoption of digital technologies has surged of late, largely as a reaction to the crash in crude oil prices. However, companies have been quite methodical in their approach to enable this transformation and ensuring maximum possible value can be derived through Industrial Internet implementations

Courtesy PGS

PGS Calls off Debt Refinancing, Shares Fall

the past weeks, sending the Norwegian company's shares down 24%.Oslo-listed PGS, which owns a fleet of seismic vessels that scan the seabed for buried hydrocarbons and sells the data to oil and gas explorers, had announced plans on May 27 to raise debt of $675 million as part of a refinancing.Brent crude oil prices have fallen by more than 10% since the company announced its refinancing plans."We see that the investor sentiment regarding oil services has been considerably weaker since we launched the refinancing plans at the end of May, and that has impacted the interest for the facilities negatively

(Image: Ineos)

Ineos to Upgrade Forties Pipeline

to shut the system for around two months to fix a crack in an onshore section, triggering a spike in British natural gas prices in the depths of winter.Ineos said the upgrades would extend into the 2040s the lifeline of the pipeline system, which it said carries 40 percent of Britain's offshore crude oil and natural gas.Ineos said it would also invest 350 million pounds in a new energy plant at the 200,000-bpd Grangemouth oil refinery in Scotland, and an additional 150 million pounds in a new petrochemicals facility in the northern English city of Hull.($1 = 0.7529 pounds)(Reporting by Amanda Cooper

Image: DNV GL

Offshore Pipeline Market to Grow 6.5%

, at a CAGR of 6.54%, from 2018 to 2023.Increasing demand for safe, economical, and reliable connectivity expected to drive the overall offshore pipeline market, said a market research report by Reportbuyer."The offshore pipeline market is driven by various factors, such as increasing demand for crude oil & natural gas. However, growing demand for refined products can hinder the growth of the offshore pipeline market," it said.The greater than 24" segment is the fastest growing segment in the offshore pipeline market.The European region is expected to have planned projects for the

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