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Gas Production

GOM Oil Industry Starts Comeback

Following a nearly complete shutdown of the oil and gas business in the Gulf of Mexico in the wake of Hurricane Katrina, signs indicate a comeback is starting, slow but steady. According to a Reuters report, oil and gas operations recovered slowly on Wednesday, with oil companies struggling to contact all of their workers and assess damage to rigs. Refinery progress was slow but steady. Three of eight refineries that Katrina completely shut have returned either full or partially, including Marathon Petroleum Co. LLC's large 245,000 barrels per day (bpd) plant in Garyville, Louisiana. Offshore, oil and gas production has also been on the rise after Katrina shut nearly all output. Government figures as of Tuesday showed 58 percent of the Gulf's crude production and 41 percent of its gas production remained shut down. The U.S. Coast Guard has said a total of 56 Gulf offshore platforms have been lost or damaged. Reuters reported that natural gas production this year will drop by about 1.5 percent, according to the U.S. Energy Information Administration.


U.S. Oil and Gas Production Still Recovering

Oil and natural gas production from the storm-battered Gulf of Mexico continues to recover, Reuters reports. Around 727,000 barrels per day, or 48.47 percent of the Gulf's 1.5 million bpd of crude production, remained shut, along with 3.742 billion cubic feet per day, or 37.42 percent of the region's natural gas output, the report said. The complete recovery of the region's energy operations will take until the middle of 2006, about three months longer than previously estimated


ODS-Petrodata Launches FPSbase

ODS-Petrodata, a provider of market intelligence for and about the offshore oil and gas industry, commercially launched FPSbase, a web-based tool providing data on the world's floating oil and gas production systems. FPSbase is designed to track all forms of floating production systems, including FPSOs, FSOs, TLPs, spar-shaped and semisubmersible units; and to deliver analysis of upcoming project tenders, available FPS supply, and current and future demand


Indonesia Offers 26 Oil-and-gas Blocks

According to Thomson Financial, the Indonesian government launched a tender for 26 oil-and-gas blocks to boost the country's oil and gas production. The oil and gas blocks that were offered today include the Bawean II, East Bawean I, Situbondo, and the North East Madura blocks onshore and offshore East Java province, as well as the South Barito (onshore and offshore) and Mahakam Hilir (onshore) blocks on Kalimantan island. [Source: Thomson Financial]


Hydro Reduces 2007 O&G Targets

Norsk Hydro ASA has reduced its oil and gas production target for 2007 by 3.3 percent, to 585,000 barrels of oil equivalents per day (boed) from 605,000 boed, due in large to revised production forecast for several non-Hydro-operated fields on the Norwegian Continental Shelf, including Kvitebjørn, Kristin and Volve.


Chevron - First Gas from Bangladesh Bibiyana Project

  Chevron Corporation today announced that its Bangladesh subsidiary has commenced natural gas production from the Bibiyana Expansion Project in the northeastern part of the country. The project included an expansion of the existing gas plant to process increased natural gas volumes from the Bibiyana Field, additional development wells and an enhanced gas liquids recovery unit. The project is expected to boost Chevron-operated natural gas production capacity in Bangladesh by more than


Gulf of Mexico Deepwater Oil and Gas Production Rises Dramatically

The Minerals Management Service (MMS) announced production of offshore oil and gas in the deepwater (greater than 1,000 ft deep) portion of the Gulf of Mexico (GOM) reached an all-time high in 1998 and continues to escalate rapidly. Production of oil from the deep water has risen 279 percent in the last five years, and deep water gas production rose 252 percent. According to MMS Director Walt Rosenbusch, "The 1998 increase is significant and of national importance


Obama’s Energy Strategy Doesn’t Go Far Enough

Randall Luthi

Announcing its “All-of-the-Above” energy strategy today, the Obama Administration rightfully celebrates the United States’ new position as the largest global producer of energy but fails to acknowledge Federal actions that could bring even more resources to market., National Ocean Industries Association (NOIA) said today in a press announcement. “NOIA shares the President’s conviction that domestic energy production, whether from wind, oil or natural gas


Energy Searcher Drillship Resumes Ops

Northern Offshore Ltd., a Bermuda holding company which operates offshore oil and gas production and drilling vessels, said that the company's drillship Energy Searcher has resumed operations in under its drilling contract with Vietgazprom, according to a report on Trading Markets.com This follows repair work on the drillship, carried out in at an estimated cost of some $4.6m.  (Source: Trading Markets.com)  


Gov: No Offshore Signoffs Without Royalty Share

Louisiana’s governor warned that the state would not support future offshore lease sales in the Gulf of Mexico unless Louisiana gets a share of the federal royalties generated by oil production there. Under a federal law that governs offshore drilling, governors in adjacent states are required to agree that federal lease sales are consistent with their states' coastal management plans. Louisiana governors have traditionally signed off on such lease sales


Energy’s Promising Future Threatened

Unrealistic Fears and Overstated Risks obscure the benefits of new seismic data. The United States stands poised on the edge of a bright energy future. After decades of decreasing domestic energy production and increasing reliance on foreign sources of oil and natural gas


Rawicz-12 Well Spuds

Oisin Fanning, Chairman of San Leon

  San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces the spud of the Rawicz-12 appraisal well yesterday on the 742 km2 Rawicz Concession in Poland’s southern Permian Basin.


Chevron Starts Oil Production in Gulf of Mexico

 Tubular Bells floating production facility is a classic spar hull with traditional three-level topsides.

 Chevron Corporation announced today that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 135 miles (217 km) southeast of New Orleans, in approximately 4,300 feet (1


Modules for Petrobras' FPSO delivered

  The "Consórcio Tomé Ferrostaal" (CTF) named consortium of Rheinmetall International Engineering, a joint venture of Ferrostaal and Rheinmetall, and the Brazilian company Tomé Engenharia have handed over two modules for the first of a series of six vessels to


US Gives Final Approvals to Freeport for LNG Exports

Proposed liquefaction facilities (Image courtesy of Freeport LNG)

The U.S. Department of Energy gave two final approvals on Friday to Freeport LNG Development LP to export liquefied natural gas, or LNG, from its project in Texas to any country. The planned project in Quintana Island, Texas, would have the capacity to export up to 1


GE Opens Global R&D Center in Brazil

GEs New office

  *  Working with Petrobras and BG Group to develop advanced technologies for oil and gas processing on the seabed *  GE’s Brazil Technology Center to focus on subsea oil and gas research, capitalizing on $1.2 trillion offshore market opportunity


What’s New in Floating Production?

Jim McCaul, IMA

What’s New in October 2014?  Today 324 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 65% of the existing systems, 78% of systems on order.  Production semis, barges


Natural Gas Workers in Peru May Strike

Natural gas workers in Peru

  Natural gas workers in Peru, South America's biggest exporter of liquefied natural gas, said on Friday they had pulled out of wage talks with Argentine energy company Pluspetrol and would vote on a possible strike in a few weeks. Pluspetrol leads the consortium that taps Peru's Camisea


US Natgas Exports Would Raise Energy Prices but Boost Economy

Expanded U.S. liquefied natural gas exports would mean a modest price increase for domestic consumers, but the higher costs would be offset by a boost to the economy, the U.S. Energy Information Administration said on Wednesday. Residential natural gas prices would likely be 5 percent higher


Explosion-protected Crane Systems

A customized, explosion protected 80 metric ton lift capacity crane as supplied by J D Neuhaus for use on an offshore rig

Crane systems manufactured by the J D Neuhaus company can be supplied with Atex classifications EX II 2 GD IIA T4 / EX II 3 GD IIB T4, with increased spark protection also available for explosion level II C. The company said its products are currently used worldwide


Can Oil & Gas Superpower Lead on Climate Change?

Reuters Global Climate Change Summit

  A day before President Barack Obama addressed the United Nations to declare the nation is "stepping up to the plate" to tackle climate change, nearly 400,000 protesters jammed New York City streets in a climate change march. Many held signs calling for an end to fracking.


U.S. Natgas Engine Sales Lagging Fuel's Steep Price Plunge

Natural gas-fueled engine

  Natural gas-fueled engines, touted as a clean, low-cost alternative to diesel, continue to struggle for acceptance in the U.S. transportation sector despite a surge in gas production that has sent the alternative fuel's domestic price plunging.


Barge Master Installed on Walk-To-Work Vessel

Photo courtesy of Barge Master

On October 14 the Barge Master BM-T40 system motion-compensated knuckle boom crane pedestal was installed on the new Wagenborg Walk-to-Work vessel, designed and built by Royal Niestern Sander. The vessel and Barge Master system will be delivered in the first quarter of 2015


EIA: Falling Fuel Costs, Rising U.S. Production Ahead

The U.S. Energy Information Administration (EIA) has released its latest Short-Term Energy and Winter Fuels Outlook (http://www.eia.gov/forecasts/steo/). Select highlights follow:   •         EIA projects average U.S


What's New in Floating Production?

it IMA Chart  WEB.jpg

Today there are 324 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 64% of the existing systems, 79% of systems on order.  Production semis, barges, spars and TLPs comprise the balance. 






 
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