Decarbonization: Geothermal Study Launched to Repurpose Old North Sea Wells
in our efforts to decarbonize the oil and gas production process and has wider applicability for clean base load power as well.” Karl Farrow, CeraPhi, Founder and CEO, said: "This award is a statement to how the oil and gas industry is transitioning in the decarbonization of the oil and gas extraction process.If we can use old non-productive wells to produce clean baseload energy, why can’t we make those same wells produce carbon free energy when they are drilled, reducing the carbon footprint during the oil and gas extraction process and ensuring the maximum use of these assets
Norway Eyes Sea Change in Deep Dive for Metals Instead of Oil
Ocean Panel.The Ocean Panel is co-chaired by Norway and groups 14 coastal states that seek to shape policy on the world's oceans."We are not saying a complete and final "no" to seabed mining, but we know that it can have very substantial impact on the seabed habitat, more than oil and gas extraction," said Peter Haugan, a professor at the University of Bergen and one of the report's co-authors.Giant tube worms, clam shells, crabs and micro fauna all rely on the bacterial oxidation of chemicals in fluids in the hydrothermal vents where seabed minerals are found, according to
ORCA Hub Readies Drones for Offshore Energy
and expensive decommissioning commitments from historic infrastructure, particularly in the North Sea. The ORCA Hub is providing game-changing, remote solutions that can be easily integrated into existing and future assets and sensors for both the renewables sector and traditional industries like oil and gas extraction. These demonstrations are an opportunity to further test and adapt ORCA Hub technologies in line with industry objectives. Helping the UK to export agile products and services internationally will ensure our energy sector remains not just economically viable but globally competitive as technology
ROBA-DS Shaft Couplings Certified by DNV GL for Offshore
and high performance ROBA-DS disk pack couplings by mayr power transmission have been certified by DNV GL. They ensure maximum possible operational and functional safety for users on the high seas. Whether in the drives of ship propellers, mobile platforms such as drilling platforms for oil and gas extraction, or also in tidal power plants – the areas of application for disk pack couplings in the maritime industry are diverse. For example, if the main drive of a ship propeller is an electric motor, then spring steel disk pack couplings such as the ROBA-DS by mayr power transmission provide
Extraction Spending to Increase in Sub-Saharan Africa
for improvements in water and sanitation services are forecasted to increase from $3.3 billion in 2012 to about $10 billion by 2025. According to the report the extraction sector, driven by both oil and gas as well as non-oil and gas industries, will grow at an annual rate of 5%. Oil and gas extraction activity and infrastructure spending are expected to vary across countries and regions. Extraction spending in sub-Saharan Africa is projected to increase at 8% annually over the next decade. The bulk of spending is likely to take place in South Africa and Tanzania. Demographic shifts
Deep Down Challenges Tackled by ABB Technologists
MEG added must be constantly readjusted to maintain the optimal mix. And, of course, all of this must be done at depth with minimum human intervention, which means the measurement instruments employed must be sufficiently rugged to withstand the hostile environments of both the deep sea and the oil and gas extraction process. Ultra-deepwater instrument – The ABB Venturi The subsea Venturi which can be used to measure process fluids as well as the MEG injection, relies on the quality of the materials used for its construction. This often means using super duplex steel alloys and in some
Prysmian Signs Umbilical Contract with Petrobras
Prysmian Group, a company in the energy and telecom cable systems industry, has been awarded new contract worth a total of up to approximately $260 million, related to a frame agreement for Umbilical products for offshore oil and gas extraction, by Brazilian oil company Petrobras. The award refers to a frame agreement for 360 km of Umbilicals, most of it to be used in pre-salt fields, in 16 different cross sections and related ancillaries, offshore services and qualifications, worth approximately $260 million with 50% minimum purchasing commitment and call-off orders to be placed within a two-year
Power Below the Waves: ABB Subsea Transformers
the power for heavy-duty equipment on the sea floor - enabling declining oil and gas fields to be more productive and making new deepwater fields accessible. ABB delivered the world’s first commercial subsea transformers in 1998 – a pioneering achievement that helped take subsea oil and gas extraction into a new and more productive dimension. These robust, maintenance-free and exceptionally reliable transformers are used to power the field equipment on the seabed – boosters, pumps, compressors, pipeline heating systems, frequency converters and wave hubs. They operate in
Finacantieri STX OSV Acquisition Completed
Korean peers, and the only Western producer capable of competing with the Asian giants thanks to its diversification and presence in all of the high value added segments. STX OSV, listed on the Singapore Stock Exchange and world leader in the construction of offshore support vessels for oil and gas extraction and production, has approximately 9,200 employees and 10 shipyards around the world (5 in Norway, 2 in Romania, 1 in Vietnam and 2 in Brazil, of which one is currently under construction). Fincantieri Oil & Gas S.p.A. has also announced its firm intention to make a mandatory unconditional
February 2024
