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Carbon Trust focuses on ways to reduce offshore vessels emissions

The Carbon Trust’s Offshore Wind Accelerator announced a competition to accelerate the development and uptake of new technologies, in order to reduce emissions and fuel consumption in offshore vessels. For this reason, it also called the industry to respond to a Request for Information for the competition. The RFI is the first step in the competition that will have an estimated funding envelope of circa £400,000.

More investment expected in oil and gas in 2019, report says

A new research by DNV GL, showed that companies’ resilience to volatile market conditions will be put to the test in 2019. This will happen because business leaders expect the industry to commit to greater investment to meet hydrocarbon demand. 67% of senior oil and gas professionals believe that larger, capital-intensive oil and gas projects will be approved.

More oil and gas companies are turning to predictive analytics, report finds

A new industry report launched by Lloyd’s Register, reveals the pace, development and adoption of predictive analytics in oil and gas. Namely, 57 of the world’s 100 largest oil and gas firms are using, or have plans to use, predictive analytics. The report also analyzes to what extent companies are transforming their own technology and data capabilities to predict a better performing and sustainable future.

PSA Norway to investigate well incident on the West Hercules mobile drilling unit

PSA Norway will investigate a well incident which took place on the West Hercules mobile drilling unit, in the Barents Sea, on 16 January 2019. Equinor is operator for the exploration well, while Seadrill owns and operates West Hercules. During the drilling operation, the lower marine riser package on the blowout preventer was unintentionally disconnected and the work had to be stopped.

Lithuania LNG port expects to turn into a Baltic hub in 2021

Lithuania’s LNG import terminal, ‘Independence’, is expected to double its LNG volumes after the opening of gas pipelines to Poland and Finland, 2021. The pipeline opening will turn the Baltic Port into a regional hub. ‘Independence’ mostly imported Norwegian LNG for domestic use, using a fifth and a third of its annual capacity of 2.7 million tonnes of LNG, after changing in 2017, along with its first US cargo import.

Saudi Arabia discusses building oil refinery in South Africa

Saudi Arabia has its eye on constructing an oil refinery in South Africa as part of a pledge to invest as much as $10 billion in Africa’s most developed economy, according to Bloomberg. The Saudi Aramco and South Africa’s Central Energy Fund are to conduct joint surveys based on a refinery and petrochemical complex. The negotiations highlight South Africa’s aspiration to add a refinery, which it has under consideration for a decade.

US judge halts Atlantic seismic oil permitting due to gov shutdown

A federal court judge issued, on January 18, that the federal government can not process seismic testing permits for offshore drilling during the ongoing government shutdown, according to Reuters. The decision was ruled in response to motion filed by a range of conversation and business groups that are opposed to the administration’s efforts to expand U.S. offshore drilling.

Survey in favour of Gabon’s expand in offshore operation

A marine seismic acquisition and processing company, has published a survey according to which it is extending Gabon’s footprint with a 9,800-km long-offset 2D seismic survey in an unexplored deepwater area of the South Basin for its offshore operations. 

China greenlights 24 offshore wind projects

East China’s Jiangsu Province has approved 24 offshore wind power projects, with a total capacity of 6.7 gigawatts (GW), under the so-called ‘Three Gorges on Sea’ project. The wind farms are expected to be operational by the end of 2020.

Pipeline buckling easy-to-prevent during operation

Andrew Hodkinson and Joel Thornton from Charles Taylor, outline how an Engineering Loss Adjuster can team up with appointed lawyers to quickly identify the key issues in a PI claim and determine how best to establish probable root cause, liability and quantum aspects. Specifically, they focus on the pipeline buckling during operation, presenting the root causes of this kind of incidents and the measures to prevent them.

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