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Oil And Gas Reservoirs News

07 Dec 2023

PTTEP’s New Discoveries in Malaysia Support Cluster Development

Source: PTTEP

PTTEP has made three consecutive oil and gas discoveries offshore Malaysia and says it is strategically poised to expedite the development of these discoveries through a cluster development approach.Montri Rawanchaikul, CEO of PTTEP, disclosed that PTTEP’s subsidiary, PTTEP HK Offshore Limited and PTTEP Sarawak Oil Limited have made new oil and gas discoveries in three fields offshore Sarawak, Malaysia, including Chenda-1 exploration well in the block SK405B, Bangsawan-1 and Babadon…

07 Dec 2023

Carbon Capture Chasm Exposed at Climate Summit

Copyright VectorMine/AdobeStock

Carbon capture and storage has emerged as flashpoint at the UN climate conference in Dubai about how big a role it is destined to play in reaching the target of net zero emissions.It has also prompted an unusual and bad-tempered confrontation between senior officials at the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC).In the run up to the conference, the IEA called on oil and gas producers to let go of "the illusion that implausibly…

02 Dec 2022

Platform Supply Vessel to Ship CO2 for Storage Under North Sea Seabed

©Blue Water

A platform supply vessel, normally used to deliver goods to offshore oil and gas platforms, is undergoing preparations in the Danish Esbjerg port to carry CO2 containers for storage in the North Sea.Offshore vessel owner Blue Water and offshore energy industry services firm Semco Maritime are rebuilding and upgrading the vessel Aurora Storm to become part of the Danish carbon capture and storage project Greensand.Project Greensand is a group of 23 Danish and international companies…

15 Dec 2015

Bibby Offshore Clinches BP Contract

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has been awarded a multimillion pound contract by BP to replace subsea infrastructure in the Central North Sea. The work is part of the $1billion Eastern Trough Area Project (ETAP) Life Extension Project announced by BP in the summer. ETAP is one of the largest and most complex developments in the North Sea, comprising nine oil and gas reservoirs, six of which are operated by BP. The ETAP Life Extension Project (ELXP) will help secure the future of the fields until 2030 and beyond. The Bibby Offshore ELXP contract involves installing new subsea control system infrastructure to safeguard power and communication links to ETAP’s Machar, Madoes and Mirren fields, some 150 miles East of Aberdeen.

29 May 2013

BSEE to Establish Ocean Energy Safety Institute

As part of President Obama’s all-of-the-above approach to domestic energy development, Bureau of Safety and Environmental Enforcement (BSEE) Director James Watson today announced the Bureau is taking steps to establish an independent Ocean Energy Safety Institute (Institute) to further enhance safe and responsible operations across the offshore oil and gas industry. The Institute will provide a forum for dialogue, shared learning and cooperative research among academia, government, industry and other non-government organizations in offshore-related technologies and activities that ensure safe operations with limited impact to the environment.

19 Apr 2012

Fossil Fuel Recovery to Benefit from New Technology

New York - Considerable investment is being ploughed into oil and gas enhanced production services in the hope of increasing production efficiency in a market in which global hydrocarbon consumption is only expected to increase, according to market intelligence experts GBI Research. The new report shows that the application of enhanced production techniques, such as the artificial lift technique in upstream production processes, and sand control services, will considerably improve the percentage recovery of oil and gas from onshore and offshore reservoirs. Artificial lift services picked up the pace in 2011 as a result of increasing oil and gas demand, which brought about the need to enhance production above levels achieved from naturally flowing reservoirs.

14 Sep 2011

Lloyd's Register Educational Trust-funded Collegium

Lloyd's Register Educational Trust-funded collegium provides innovative forum to find solutions for the carbon capture and storage industry. University of Southampton-based initiative combined students, faculty and the private sector. A collegium funded by the Lloyd's Register Educational Trust (The LRET) has produced four technical papers that the authors hope will spur discussion and further innovation as industry strives to find solutions to the challenges of carbon capture and storage (CCS).

09 Sep 2003

Outlook for Floating Production Systems

By James R. International Maritime Associates, Inc. Floating production has evolved to a mature technology that opens for development oil and gas reservoirs that would be otherwise impossible or uneconomic to tap. The technology enables production far beyond the depth constraints of fixed platforms, generally considered to be 1,400 ft. (426.7 m), and provides a flexible solution for developing short-lived fields with marginal reserves and fields in remote locations where installation of a fixed facility would be difficult. Floating production systems vary greatly in appearance - from ship-shape FPSO vessels to multi hull production semis to cylindrical shaped production spars.

05 Sep 2001

Schlumberger Acquires KBB, Augments Its Range of Services

Schlumberger Oilfield Services has acquired Kavernen Bau und Betriebs GmbH (KBB) from the Preussag Group. The purchase of the Hanover, Germany-based consulting firm, which has more than 30 years of experience in subsurface gas storage, augments the range of services provided by Schlumberger for the growing worldwide gas business. KBB's primary expertise is in the engineering, construction and project management of facilities for the underground storage of natural gas in salt domes, aquifer structures and depleted oil and gas reservoirs, including the associated salt leaching, gas compression and gas treatment facilities on the surface.