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"Decommissioning Update" - OGV Energy Community online event

Decommissioning   We were delighted to welcome members of the OGV Community and guests to our second online event, this time on the theme of "Decommissioning" in partnership with Decom North Sea. The online interactive session sought to share insights from operators, the supply chain and industry bodies themselves on various topics around "Decommissioning" within...

Saipem ready to start with the final phase of Payara in Guyana

Saipem ready to start with the final phase of Payara in Guyana   Saipem has recently received the authorization to proceed with the final phase of the Payara development project in Guyana from Esso Exploration and Production Guyana Limited (EEPGL), an ExxonMobil subsidiary. Saipem’s presence is therefore growing in this country where the company has been working for the last three years, starting with the award of the ground-breaking Liza phase 1 contract. This authorization all...

OGUK response to Scottish Conservative leader’s speech to oil & gas workers

OGUK response to Scottish Conservative leader’s speech to oil & gas workers   Commenting today on the speech to oil and gas workers by Scottish Conservative leader Douglas Ross, that protecting oil and gas jobs must be a priority and the North Sea sector can thrive alongside a growing renewables sector, OGUK’s chief executive, Deirdre Michie said: “We welcome recognition of the vital role of the offshore oil and gas industry in our economy, which supports over...

VROC wins TAQA multiple asset contract in the North Sea

VROC wins TAQA multiple asset contract in the North Sea   VROC has been awarded a contract to provide predictive maintenance to TAQA following a successful Proof of Concept (POC) trial. The three oil and gas platforms, Tern, Cormorant Alpha and Harding, located in the North Sea will initially use the technology. VROC’s AI predictive analytics software identified a number of proactive interventions during the product trial. Following a successful proof of concept (POC...

Australia Could Lead The $11 Trillion Hydrogen Boom

Australia Could Lead The $11 Trillion Hydrogen Boom   Back in July, the European Union unveiled a hydrogen strategy that immediately captured the imagination of the renewables world and was hailed as the most ambitious hydrogen plan ever.  The EU's ambitious new hydrogen strategy laid out plans to install 40 gigawatts of electrolyzers within the region's borders and also support the development of another 40 gigawatts of green hydrogen in nearby countries that have the ca...

Flow batteries to combine with tidal power to produce world’s first continuous green hydrogen at EMEC

Flow batteries to combine with tidal power to produce world’s first continuous green hydrogen at EMEC   A world-first project will combine flow battery technology with tidal power to produce continuous green hydrogen. The European Marine Energy Centre (EMEC), Orkney, Scotland will deploy an Invinity Energy Systems (AIM:IES) 1.8 MWh flow battery at EMEC’s tidal energy test site on the island of Eday. This unique combination of tidal power and flow batteries will be us...

Prosafe SE: Safe Notos contract extension with Petrobras

Prosafe SE: Safe Notos contract extension with Petrobras   Prosafe has signed a contract extension with Petrobras Netherlands B.V. (‘Petrobras’) for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The original three years and 222-day firm period was due to complete in July 2020, but the extension will result in operations through to mid-November 2021. The contract extension allows for up to 30 days for 5-yearly...

“The View from Down Under” - Australia Energy Review November 2020

“The View from Down Under” - Australia Energy Review November 2020   G’day from Perth! As with the rest of the planet, COVID has had a massive impact on the ANZ region, up to now Australia and New Zealand have done very well in terms of low infection numbers, however we are watching events unfold in Melbourne with concern. Onshore and Offshore rig activity has taken a severe blow, 2020 is pretty much a write off. Rig count had been slowly recovering from the low p...

Digital Transformation: The Next Frontier in Oil & Gas

Digital Transformation: The Next Frontier in Oil & Gas   Even before the pandemic and the crash in prices, the oil and gas industry had started to recognise that digitalisation would be the next big transformation in the sector notorious for its boom-and-bust cycles. Companies had started to adopt various innovative digital solutions such as virtual reality, data analytics, and predictive maintenance analytics to boost efficiency and reduce costs. This year’s COVID-19 cri...

Respecting the hierarchy of data

Respecting the hierarchy of data By Andy Powrie, CTO, Arnlea Systems   Issue: If we share data, other companies will know what we do This is at the heart of every digital transformation conversation had in every Energy business worldwide. If we let suppliers share anonymised data, won’t people work out it’s really us and have a competitive advantage?  It’s the most circular and often frustrating argument because it doesn’t go anywhere. It’s...

Automated reporting analytics, benchmarking and drilling performance

Automated reporting analytics, benchmarking and drilling performance   Building on the move into the world of WITSML and operational state detection, Independent Data Services (IDS) released DPM (Drilling Performance Monitoring) in 2018, re-processing WITSML data to deliver detailed drilling performance KPI’s and benchmarks via on-line dashboards. The DPM fully complements the analysis of daily report (‘static’) data by underpinning the DDR narrative with a detail...

An agile transformation - Stena Drilling

An agile transformation - Stena Drilling   ‘People & Process’ Eat Technology for Breakfast Digital business transformation is a diverse and widely documented topic. Thousands of books and technical papers have been written in recent years, covering both successful and failed transformations. With an abundance of literature available, many companies still struggle with the million-dollar question, ‘where to start’. Contrary to common understanding, Dig...

The latest oil and gas update from OGV

The latest oil and gas update from OGV   Touchstone Exploration Inc on Tuesday raised US$30mln via a share placing with the funds earmarked to advance ongoing and successful programmes within the Ortoire project. The Trinidad oil and gas firm is issuing 24.29mln new shares priced at 95p each to institutional and other investors in the United Kingdom and Canada. Three successful exploration wells have so far been drilled at Ortoire - Coho, Cascadura and Chinook - and a fourth, Casca...

Wood Mackenzie lowers forecasts for world oil consumption

Wood Mackenzie lowers forecasts for world oil consumption   The emergence of the new round of restrictions caused by COVID-19 in Europe, and signs of economic weakness in some other countries including the US, have prompted Wood Mackenzie’s analysts to revise down their forecasts for world oil consumption in the last quarter of 2020 and the first of 2021, Trend reports. Demand is now expected to be about 94.3 million barrels a day in the current quarter, down about 6 percent...

BP hydrogen and offshore wind investments are on their way

BP hydrogen and offshore wind investments are on their way   CEO Bernard Looney said that the company is preparing to make its first moves imminently. BP hydrogen and offshore wind investments are preparing to be made in the very near future. In fact, bids are expected during the next six months with a particular focus on H2 activity, according to the CEO of the major oil company, Bernard Looney. Looney discussed the company’s intentions to “probably” bid on of...

Two companies form exclusive alliance to create unified global service

Two companies form exclusive alliance to create unified global service   Pentagon Freight Services and TLC SA Transportation Logistic Consulting have formed a strategic alliance in order to enhance the range and reach of their service. The partnership between the two companies allows them to pool their combined resources, giving both a means of representation in countries where they do not currently have a presence.  TLC, headquartered in Switzerland and founded in 2001, ha...

Quensh announces expansion as it launches new recruitment service

Quensh announces expansion as it launches new recruitment service   A leading HSEQ based consultancy has announced the creation of a new recruitment division to expand their range of HSEQ services as part of an ambitious growth strategy. Quensh HSEQ Specialists, which operates from bases in Aberdeen and Perth, Western Australia, has appointed Andy Brodie as its new Head of Resourcing. Mr Brodie will head up the brand-new recruitment service supporting diversification into new marke...

How Total and BP are leading the green energy charge among oil majors

How Total and BP are leading the green energy charge among oil majors   Should oil companies be investing in solar, wind, battery technology and networks of electric vehicle charging stations? Maybe, in the broader view of themselves as energy companies. And especially if the consumer shifts to EVs faster than expected, crushing demand for transportation fuels. It comes down to whether they’re focused on the product or the customer. If the customer is demanding different k...

Covid delays first gas at Tyra to 2023

Covid delays first gas at Tyra to 2023   The start-up of the Total-operated Tyra Redevelopment Project in the Danish Sector of the North Sea is now expected in the second quarter of 2023, and not in 2022, Noreco, a partner in the project, said Friday. "Due to COVID-19, local governmental imposed restrictions at the fabrication yards have impacted the schedule of the new Tyra topsides, including through the global supply chain delivering key components for the topsides," N...

Giant sees potential in North Sea gas prospect

Giant sees potential in North Sea gas prospect   North Sea-focused Deltic Energy has received a boost after Royal Dutch Shell showed renewed interest in a prospect that it brought to the oil giant’s attention. Deltic turned heads in the industry last year when Shell decided to buy in to acreage containing the Pensacola prospect – but then found the plunge in oil and gas prices triggered by coronavirus posed challenges. With firms that operate in the North Sea cutting...
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