Archives for April 2021

April 2021

Wärtsilä gas conversion ‘accelerate’s Senegal’s move to cleaner energy’

13/04/2021 Posted by Dale

Technology group Wärtsilä is converting the 90 MW Bel-Air power plant in Dakar, Senegal to operate on liquefied natural gas (LNG).

The plant, which is owned by Senelec, Senegal’s public utility company, currently operates on heavy fuel oil and Wartsilia said the conversion will future-proof the facility as Senegal’s long-term strategy is to lower the carbon footprint of energy production by switching to gas when domestic supply is available. This project is part of an interim LNG-to-Power ‘bridge’ solution, and is the first ever power plant gas conversion in Senegal.

“Our two main aims were to improve the plant’s environmental profile and to lower the operating costs.

Shearwater GeoServices wins 3D Survey in Vietnam

13/04/2021 Posted by Dale

Shearwater has been awarded a 3D seismic survey by a major operator in Vietnam. The two-and-a-half-month project will commence in April 2021 and will be conducted by the SW Vespucci.

“This award contributes to an already strong portfolio of projects in the Asia Pacific region announced in recent weeks as market conditions improve”, said Irene Waage Basili, CEO of Shearwater GeoServices.

The marine geophysical services company has established experience in Vietnam and has worked for the same operator multiple times in recent years.

The SW Vespucci is one of the seismic industry’s most flexible vessels, operating both in the towed streamer and ocean bottom markets, equipped with Qmarine technology and capable of performing 2D, 3D, and 4D surveys.

Wood and NEL Hydrogen enter into global framework agreement

13/04/2021 Posted by Dale

Wood, the global consulting and engineering company, has entered into a new, three-year engineering framework agreement with Norway-based NEL Hydrogen, aligning with the company’s ambition to unlock sustainable solutions to global energy challenges.

Through the provision of its project execution expertise, Wood said it will work with NEL Hydrogen to support the delivery of large-scale green hydrogen production plants and play a leading role in the transition towards an integrated, lower carbon future.

Craig Shanaghey, President of Wood’s Operations across Europe, Middle East, and Africa, said: “If the world is going to realise the potential of hydrogen as a sustainable, clean, and plentiful energy vector, a vast increase in production is necessary.

APPEA: Let’s get decommissioning right

13/04/2021 Posted by Dale

The nation’s peak oil and gas industry body has said the release by the Australian government of a suite of measures aimed at enhancing and strengthening Australia’s offshore oil and gas decommissioning framework is a step in the right direction.

APPEA Chief Executive Andrew McConville said industry has worked constructively with the Government to develop an appropriate, forward-looking decommissioning framework and will look at what is proposed closely.

“The offshore oil and gas industry has been a key driver of Australia’s economy and energy security for decades and has plenty of life left in it,” Mr McConville said.

PGS awarded extended Long Offset Contract

06/04/2021 Posted by Dale

PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt.

The survey will be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys towing a wide multi-sensor GeoStreamer spread with an additional source vessel located several kilometers ahead.

CGG said that this would enable efficient recording of offsets up to 16km, which is critical for imaging deeper complex exploration targets. The source vessel will be towing a specially designed low frequency source.

CGG said “the innovative ELO survey design combines optimal spatial sampling for better subsurface imaging together with long offset acquisition for accurate velocity model building.

India poised for one third of all oil and gas project starts in APAC

06/04/2021 Posted by Dale

India is set to commence 647 oil and gas projects from 2021 to 2025, accounting for 33% of the total upcoming project starts in the Asia-Pacific (APAC) region, according to GlobalData.

The data and analytics company’s report, ‘Asia Pacific Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that out of 647 projects to commence operations by 2025, upstream projects would be 80, midstream would be 123, refinery at 85, and petrochemicals would be the highest with 359 projects.

Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “India is one of the largest consumers and importers of oil and gas in the world due to its economic growth. T

CGG awarded three Imaging Projects by BP

06/04/2021 Posted by Dale

CGG has been awarded three major seismic imaging projects by BP, two in the deepwater Gulf of Mexico and one offshore Trinidad & Tobago.

These projects will start in Q1/Q2 this year and complete with cloud delivery of the data no later than Q4 of 2021.

CGG said that, “utilizing CGG Cloud supercomputing, imaging specialists at CGG’s Houston subsurface imaging center will employ compute-intensive data-driven proprietary algorithms, such as time-lag full-waveform inversion and least-squares migration, to ensure timely delivery of the highest-quality images to better support renewal and development decisions.”

Colin Murdoch, EVP, Geoscience, CGG, added: “This high-profile set of awards demonstrates client demand for our best-in-class technology and service.

Lukoil says “nyet” to FAR takeover

06/04/2021 Posted by Dale

Lukoil has abandoned takeover plans for Australia’s FAR Limited and thus exited its ambitions to participate in the Woodside-operated Sangomar project offshore Senegal.

The Russian company had offered FAR 2.2c per share in February after it had failed to become a participant in the RSSD project via the acquisition of Cairn Energy’s stake in the discovery -- which was scuppered by Woodside’s entry into the development.

FAR had sounded a note of caution over Lukoil’s proposal, which was not a legally binding offer and still subject to targeted and timely corporate due diligence by the Melbourne-based company.

The offer was also contingent on final Lukoil board approval, with no guaranteed that the proposal would have played out.