BP Launches Its ‘Largest-Ever’ Seismic Program at Azerbaijan Oil Field
BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size, cost and program duration, the company said.The program, which will focus on ACG’s Balakhany and Fasila reservoirs, will cover an area of 740 square kilometers under source and 507 square kilometers under receivers, with a total cost of around $370 million and a duration of five years (2024-2028).
ExxonMobil Taps TechnipFMC for Uaru Subsea Production System
. This is ExxonMobil Guyana’s first project utilizing our Subsea 2.0 system, which leverages our configure-to-order model to deliver on an accelerated schedule.”Exxon and its partners Hess and CNOOC last week approved a $12.7 billion investment for Uaru, their fifth and most expensive offshore oil project in Guyana. The project is expected to produce up to 250,000 barrels of oil and gas per day
Peru Oil Spill Declared an Environmental Emergency
Peruvian President Pedro Castillo declared an environmental emergency on Thursday as clean-up teams struggled to contain a huge oil spill at the country's biggest refinery, after rogue waves rocked a ship unloading crude there.The spill, blamed on unusual swells caused by a volcanic eruption thousands of miles away in Tonga on Sunday, has dirtied waters and beaches along Peru's Pacific coast, with dead birds and seals washing up on shore."We are at a critical moment in environmental matters," said Castillo, before signing the emergency decree on one of the beaches hit by the spill.
Israel Says It Tracked Down the Ship Linked to Recent Oil Spill
Israel accused Iran on Wednesday of being linked to a recent oil spill off its shores that caused major ecological damage, calling the incident environmental terrorism.The spill was caused by an oil tanker that was carrying pirated cargo from Iran to Syria last month, Israeli Environmental Protection Minister Gila Gamliel said.The vessel sailed through the Gulf and the Red Sea without radio contact, switching its tracking devices back on before passing through Egypt's Suez Canal, Gamliel told reporters.It turned the devices off again before entering Israeli waters in the eastern Mediterranean
Webinar: Floating Production Forecasts & Analysis
industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector, putting new deepwater project starts on hold through at least the third quarter of this year.But with oil prices now in the low $40s range on the back of OPEC+ supply cuts and rebalancing oil supply and demand
#Oi2020 History
for the Construction and Classification of Mobile Offshore Units.” One year later, the American Bureau of Shipping updates its “Rules for Building and Classing Mobile Drilling Units, which was first published in 1967. According to a staff working paper by NOAA, titled The History of Offshore Oil and Gas in the United States, “These rules were then incorporated into the Coast Guard’s regulatory requirements for mobile offshore drilling units (the Coast Guard had jurisdiction over vessels in transit) and the OCS Order No. 2 pertaining to ‘Drilling from Fixed Platforms
Oil and Gas Industry Adopts VR
The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain, according to GlobalData.According to the report, ‘Virtual Reality in Oil & Gas’, VR is finding its way into upstream, midstream and downstream sectors with applications in the simulation of new processes, analysis of project designs, reviewing of maintenance requirements and planning disaster responses.Ravindra Puranik, Oil and Gas Analyst at GlobalData, said: “Over time, this technology will transform oil and gas processes and workflows and help create new
Equinor Awards Hywind Tampen Contracts
.The contracts have been awarded to Kværner AS, Siemens Gamesa Renewable Energy AS, JDR Cable System Ltd and Subsea 7 AS.“The signing of five major contracts is a key milestone in realizing the Hywind Tampen pioneer project. Won in international competition, the contracts prove that the oil and gas industry is also competitive for renewables projects. The awarded contracts will generate considerable spin-offs in Norway,” said Anders Opedal, Equinor’s executive vice president for Technology, projects & drilling.The substructures will be designed and constructed by Kvæ
Orca-1 is Largest Gas Discovery of the Year
On 28 October 2019 oil giant BP announced a major gas discovery, Orca-1, exploration well in the BirAllah area off the coast of Mauritania.“The deepest and largest discovery so far this year, Rystad Energy estimates Orca-1 holds around 1.3 billion barrels of oil equivalent (boe) of recoverable resources,” says Palzor Shenga, a senior analyst on Rystad Energy’s upstream team.Offshore continues to dominate exploration in 2019, both in terms of the number of discoveries and the volume of resources unearthed. Boosted by the find, Mauritania now ties Guyana for the second most discovered
February 2024
