Oil And Gas Producer News

CNOOC Developing New Deep Sea Gas Block in South China Sea

China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials.The deep sea project, which was discovered in 2014, is 150 km (94 miles) south of China's southern Hainan island, with an average operational depth of 1,500 metres, according to a Reuters report from that year.CNOOC is ready to start building a subsea level platform used for drilling, Xinhua said.(Reporting

Prelude FLNG (File photo courtesy Shell)

Shell Feeds Gas to Australia's New Prelude FLNG

data shows that the vessel left Prelude FLNG port on June 7."This will cool down the tanks and process equipment and pipework with gas and is an opportunity to test processes and systems before the subsea wells are opened at start-up," she said.Shell and Inpex Corp, Japan's biggest oil and gas producer, are vying for first gas from two overlapping fields from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market.The Shell spokeswoman declined to comment on the estimated start-up

Maersk Invincible in the fjord outside Stavanger before being towed out to the Vallhall field (Photo: Maersk Drilling)

Drilling Rig in Norway Gets All its Power from Land to Cut Emissions

An offshore drilling rig hired by Norwegian oil and gas producer Aker BP is getting all its power from electricity produced onshore, the firm said on Thursday, in a move that cuts carbon emissions and could be a world first. The Maersk Invincible rig, which is operating at the Valhall field in the North Sea, is connected with a 500-metre long cable to the field's Valhall platform which is in turn powered by a 294-kilometre long subsea cable linked to Norway's shore. "To our knowledge, this is the first one," said a company spokesman, citing data provided by the rig's owner, Denmark's

Map: Santos GLNG Project

Santos in the Red on LNG Project

 Australia’s third-biggest oil and gas producer Santos Ltd  reported a first-half net loss of $1.1 billion after taking a $1.05 billion charge on its Gladstone liquefied natural gas (LNG) export project in Queensland, reports Bloomberg.   However, Santos Chief Executive Kevin Gallagher said the company may run its Gladstone liquefied natural gas plant (LNG) below its 7.8 million tonnes a year capacity, but said there was no plan to mothball one of its two production units, reports Reuters.   "We wouldn't be looking to ever mothball one train," Gallagher said:

Saudi Energy Minister Khalid al-Falih Photo ARAMCO

Oil Extends Gains, Saudi Minister sees Market Balance

oil output stood at 10.84 million barrels per day (bpd) in June, up from 10.83 bpd in May, Energy Ministry data showed on Saturday. Norwegian offshore oil workers and employers signed a new wage deal on Saturday, avoiding a strike that would have cut the output from western Europe's top oil and gas producer by about 6 percent, employers and unions said. Money managers cut their net long U.S. crude futures and options positions in the week to June 28, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. (Reporting by Osamu Tsukimori; Editing by Joseph Radford)  

SensorView (Photo: Sonardyne)

SensorView Reduces Non-productive Rig Time at Ichthys

Software that enables acoustic data to be streamed in real-time from subsea structures as they are installed has helped to reduce non-production time (NPT) for independent oil and gas producer, INPEX, and its survey contractor, Neptune Geomatics, during construction of the Ichthys gas field, offshore Western Australia.   Supplied by subsea technology company Sonardyne Asia Pte. Ltd in Singapore, the SensorView software allowed data gathered by an acoustic transponder mounted on Tubing Head Spools (THS), to be transmitted at high speed to rig personnel monitoring the installation operations.

China Optimistic of Finding Gas off Vietnam

Sea Studies, a Chinese government think-tank on the southern island of Hainan. "China is pretty confident ... otherwise they wouldn't start drilling," added Wu, a leading expert on China's ambitions in the South China Sea. China National Petroleum Corporation (CNPC), the dominant oil and gas producer in China, owns the block being drilled but has given it no name, Chinese officials said. The world's largest energy user imports nearly 60 percent of its oil needs and more than 30 percent of its natural gas. Exxon Found Oil and Gas Nearby Deployment of the rig on May 2 set off deadly

Prysmian Awarded Emirates Contract

Prysmian Group has been awarded a new contract worth approximately € 30 Million by UAE-based construction company Emirates Holding on behalf of major offshore oil and gas producer ADMA-OPCO (Abu Dhabi Marine Operating Company) for the design and manufacture of submarine cable links for the replacement of power feeding systems to Zakum offshore oil field, in Abu Dhabi.   The Zakum oil field is the first submarine electrification project planned by ADMA-OPCO and will be the benchmark for future projects aimed at developing and implementing a power distribution and transmission network

China Government Approves First FLNG Project

The CNOOC Gas and Power Group, a wholly-owned subsidiary of CNOOC, China's largest offshore oil and gas producer, informs that its first floating liquified natural gas (LNG) project has gone through government approval, reports Xinhua. The floating LNG terminal project, located in north China's Tianjin Municipality, will be the first of its kind to be built in the country. Citing a CNOOC statement Xinhua reports that the company will spend 3.3 billion yuan (534.7 million U.S. dollars) to build the floating LNG terminal, which will ensure fast supplies and shorten the construction period for its

Petrobras Awards Lankhorst Ropes Dyneema Deepwater Mooring Line Contract

Leading deepwater rope manufacturer, Lankhorst Ropes, has secured the first-ever, worldwide order for Dyneema synthetic mooring rope for deepwater MODU (Mobile Operating Drilling Unit) projects from Brazilian oil and gas producer Petroleo Brasileiro SA (Petrobras). Gama 98 is a rope construction developed by Lankhorst Ropes specifically for deepwater mooring, and used on a number of major deepwater projects in the Gulf of Mexico. The rope will feature up to 12 Dyneema SK78 yarn sub-ropes. Developed by DSM, Dyneema SK78 is a high modulus polyethylene fibre.  This will be the first time the

Marine Technology Magazine Cover Jul 2019 - MTR White Papers: Hydrographic

Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.

Subscribe
Marine Technology ENews subscription

Marine Technology ENews is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for MTR E-news