Monday, 1 June 2015

Chevron to move deepwater platform following damage

Chevron Corporation reported that the Big Foot tension-leg platform (TLP) will be moved to sheltered waters from its location in the deepwater U.S. Gulf of Mexico following damage to subsea installation tendons.

The tendons were pre-installed in preparation for connection to the Big Foot TLP. Between Friday, May 29 and Sunday, May 31, 2015, several tendons lost buoyancy.

The Big Foot TLP was not connected to any subsea wells or tendons at the time of the incident and was not damaged. There are no producing wells at Big Foot at this time. There were no injuries and there has been no release of any fluids to the environment.

Damage to the tendons, which are not connected to subsea wells and are used to attach the TLP to the seafloor, is being assessed.

First production will not commence in late 2015 as planned.
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Friday, 22 May 2015

Protea launches new cranes

Protea, a global manufacturer of offshore handling equipment, will be launching not one, but two types of game changing heavy lift cranes at Nor-Shipping 2015 in Oslo on 2-5 June.

Both cranes, by a combination of efficient, innovative design and the use of ultra-high grade steel in their construction, set new standards in lifting performance and structural efficiency.

“The target of any marine crane design is to provide high lifting performance whilst minimising overall weight. Over the past three years we have been developing the technology and construction methodology to allow a step change in the structural efficiency of heavy lift cranes,” explains Tomasz Paszkiewicz, Protea’s CEO.

“We are now able to deliver high performance heavy lift cranes that comply with the relevant Class requirements but with a weight saving in the order of 40 % in comparison to existing cranes of a similar capacity.”

The two new crane types are:

HEAVY LIFT FLOATING CRANE
The first is a 1600mT SWL floating crane targeted at the offshore wind market for the installation of offshore wind turbines. It provides a high capacity lifting capability at both short and long outreaches over a large radius, a key feature for offshore wind farm operations.

HEAVY LIFT CARGO CRANE
The second is a 450mT SWL versatile cargo lift crane that can be used for handling both shipping containers and bulky items of hardware. Typically supplied as a working pair and designed to allow safe tandem lifts, the saving in crane weight translates directly to an increase in cargo capacity for the cargo vessel.

In another innovation, both cranes can be supplied with a fully electric drive system with locally mounted permanent magnet synchronous motors to provide efficient and precise operation of all crane functions.

The cranes will be manufactured at Protea’s industry leading production facility in Kluczbork allowing the high quality equipment to be supplied on a cost effective basis.

In addition to the new cranes, visitors to Nor-Shipping will be able to learn about the full Protea range including offshore winches, launch and recovery systems, and heave compensation systems.
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Thursday, 21 May 2015

BG Group assumes operational control of QCLNG

BG Group reported that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group's Australian subsidiary, from Bechtel Australia, which constructed the facility.

"We are pleased to be taking operational control of QCLNG following its successful start-up and commissioning over the past six months," said Helge Lund, BG Group’s Chief Executive

"I would like to thank our partners Bechtel for building this world-first facility and helping to establish the LNG industry on the east coast of Australia. The cargoes from Train 1, along with those from Train 2 when it starts up later this year, will add flexibility to BG Group’s LNG portfolio. The transfer of operational control, and CNOOC’s approval, have also progressed our pipeline disposal, which we expect to complete in the coming weeks."

In addition, the Company announces that approval for the sale of its QCLNG gas pipeline has been received from BG Group's Train 1 equity partner, the China National Offshore Oil Company (CNOOC).  As a result, the preconditions for sale of the QCLNG pipeline to APA Group have been satisfied in full. The sale of the pipeline remains on track for completion in the second quarter of 2015.

The transfer of operational control of Train 1 marks the start of commercial operations at QCLNG.  First production from Train 1 occurred in December 2014, with 16 cargoes shipped to date. QCLNG’s Train 2 is currently under construction, and is expected to start operations in the third quarter of 2015.
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Wednesday, 7 January 2015

ASCO Secures Statoil Contract in Norway


ASCO has secured a new contract for the provision of supply base services in Sandnessjøen, Norway by Statoil, commencing in July 2015.

The ten-year contract, with a value of between US$22 million and US$25 million (NOK 100 - 130 million), is for supply base services in support of Statoil's drilling and operational activities in the Northern part of the Norwegian Sea from Sandnessjøen, including the Norne, Urd and Aasta Hansteen fields.

The contract scope of supply includes the provision of warehouse management, terminal handling, oil country tubular goods (OCTG) handling, as well as management of Statoil and BP's joint subsea base in Sandnessjøen. In addition, the six-year contract has two further two-year options.

Runar Hatletvedt, Managing Director for ASCO Norge said: "This is a significant win for ASCO Norge that highlights the strength of our expertise as well as our proven track record in oilfield support services in the region. We look forward to working with Statoil in Sandnessjøen."

ASCO also manages a supply base in Mtwara, Tanzania, on behalf of Statoil, BG, Petrobras and Ophir.
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Shell pays oil spill compensation



Shell's Nigerian subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), announced a A$100 million (STG55 million) settlement agreement with the Bodo community in respect of the two highly regrettable operational spills in 2008.

The settlement provides for an individual payment to each claimant who accepts the settlement agreement in compensation for losses arising from the spills as well as a payment for the benefit of the Bodo community generally.
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Thursday, 14 August 2014

Shell divests gas assets

Shell is giving up its Pinedale and Haynesville onshore gas assets in exchange for about $2.1 billion of cash, plus additional acreage in the Marcellus and Utica Shale areas in Pennsylvania.

In one agreement with Ultra Petroleum, Shell will acquire 155,000 net acres in the Marcellus and Utica Shale areas in Pennsylvania and receive a cash payment of $0.925 billion from Ultra in exchange for 100 percent of Shell’s Pinedale asset in Wyoming, including associated gathering and processing contracts, subject to closing.

In a separate agreement with Vine Oil & Gas LP and its partner Blackstone, Shell has agreed to sell 100 percent of its Haynesville asset in Louisiana, including associated field facilities and infrastructure for $1.2 billion in cash, subject to closing.

“We continue to restructure and focus our North America shale oil and gas portfolio to deliver the most value in the longer term. With this announcement we are adding highly attractive exploration acreage, where we have impressive well results in the Utica, and divesting our more mature, Pinedale and Haynesville dry gas positions,” said Marvin Odum, Shell’s Upstream Americas Director.

The Shell net production from Pinedale in the second quarter 2014 was 190 million standard cubic feet per day (mmscf/d) of dry gas (32 thousand barrels of oil equivalent per day (kboe/d)). During the first half of 2014, Ultra’s net production from the assets Shell is acquiring in Pennsylvania averaged 109 mmscf/d (19 kboe/d).

“We first entered the Pinedale Anticline in 2001, and I am proud of our operational excellence, community engagement, and leadership in responsible energy development over that time,” said Odum.

Shell’s Pinedale asset (which includes 19,000 net acres of leasehold interest, 1,108 gross wells and associated facilities, and an average of 0.7 percent overriding royalty interest in 11,500 acres) will be exchanged for cash and Ultra’s 100 percent interest in the Marshlands area (63,000 net acres) as well as its entire interest (92,000 net acres) in the Tioga Area of Mutual Interest (AMI), an unincorporated joint venture with Shell. After completion of this transaction, Shell will have a 100 percent interest in the Tioga AMI. The agreement is effective 1 April 2014, and is expected to close this year.

Shell’s Haynesville asset includes 107,000 net acres in in north Louisiana. The transaction includes 418 producing wells, 193 of them operated by Shell. As of 1 July 2014, the gross production from the Haynesville asset was approximately 700 mmscf/d of dry gas, with Shell’s net working interest share at approximately 250 mmscf/d (43 kboe/d). The agreement is effective 1 July 2014, and is expected to close in the fourth quarter of this year.

“We very much appreciate the support we have had in north Louisiana, and we will continue to operate in the state, as we have for decades, through our downstream, retail, midstream, and New Orleans-based deep-water operations,” said Odum.
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Latin America’s largest petrochemical company picks AVEVA software

Braskem, Latin America’s largest petrochemical company, has signed a contract with AVEVA to convert the engineering and design data of 12 of its plants to AVEVA PDMS.

This large contract is the result of a successful pilot project executed earlier this year. Braskem chose AVEVA over several other software vendors, attributing their decision to the confidence they had built up in AVEVA’s technology and personnel during the pilot project.

"These petrochemical plants were originally designed with software from another company," said Luis Henrique Barreto, Coordinator of Engineering Systems and Documents, Braskem.

"AVEVA PDMS offers us reliable continuity and the integrity of the original models. Combined with the excellent post-sales support and service we receive from AVEVA, this will ensure that the conversion runs smoothly creating high quality models without significant data loss. At the end of the process we will have AVEVA PDMS models of all of our plants, and we can use those models for the design and execution of maintenance and modification projects. The confidence we have in AVEVA and its technology has put us at ease with the process.

"We are proud to be working with Braskem on such an exciting large-scale project,” said Helmut Schuller, Executive Vice President, Global Sales, AVEVA. “The migration process must ensure maximum data integrity and our solutions and experience in large-scale migrations will ensure we achieve this. We look forward to continuing our work with Braskem and supplying our proven technologies to strengthen their operations. This agreement is a first step in our new relationship and clear evidence of Braskem’s confidence in AVEVA."
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