The oil and gas industry is facing challenges and dilemmas encountered in 2009 such as contract delays, furloughs and rig closures are resurfacing. As oil and gas prices continue to decline, oil companies are starting to consider rig stacking as an alternative to reducing overhead and operating costs. This presentation explored what the future might hold for the subsea market, current infrastructures and future deepwater project development.
This presentation was presented at the 2015 Deepwater Technical Symposium in New Orleans, Louisiana.
Iran has the world's largest proven natural gas reserves, but development has been slowed by sanctions; the country relies heavily on natural gas domestically but also aims to export gas through pipelines to neighbors and develop liquefied natural gas export projects. However, low global gas prices and surplus supply pose challenges for Iran's goal of increasing its role in international natural gas trade.
This document summarizes Wood Mackenzie's analysis of global coal costs and supply outlooks. It finds that average thermal and metallurgical coal cash costs declined significantly from 2012 to 2016 but are expected to rise in 2017 as productivity levels moderate. At certain price points, over 150Mt of thermal coal projects and 90Mt of metallurgical coal projects could be incentivized. However, only small volumes of thermal and metallurgical coal production are at risk of closure. Australian coal producers may see limited further cost reductions from improved productivity.
Lebanon is preparing to auction exploration rights to its estimated 96 trillion cubic feet of natural gas reserves in April. However, political instability has caused delays previously. A new coalition government may allow outstanding issues to be resolved, but new officials could still cause slippage. Discovering gas could boost Lebanon's struggling economy. However, further political conflicts around control of the resource remain a complicating factor.
New base energy news issue 923 dated 06 september 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 06 September 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Qatargas enters into new LNG pact with UK Centrica
• Somaliland: Sterling Energy granted 2 year extension to the Odewayne
• Algeria's energy exports rise 8 percent in August
• Norway: OMV awards Wisting development study to Sevan Marine
• Bangladesh: KrisEnergy begins Bangora drilling onshore
• Thailand: Mubadala spuds Manora appraisal/development well
• Russia's Rosatom says ready to build 16 Saudi nuclear power stations
• Brent steady after rise on Russia-Saudi pact
• Saudi-Russia Output Talk Disappoints Oil-Market Bulls: Chart
• Brent steady after rise on Russia-Saudi pact
• Oil and gas production to rise as huge new projects come online
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy sin
This document provides an overview of issues related to implementing Nigeria's Gas Master Plan (NGMP). It discusses Nigeria's significant natural gas reserves and the importance of gas for power generation and economic development. The NGMP aims to develop gas infrastructure to reduce flaring, expand domestic gas supply and utilization. However, fully implementing the NGMP will require large investments in pipelines and other infrastructure as well as effective policies to ensure returns on investment and sustainable development of the gas sector over the long term. The document also notes Nigeria's substantial renewable energy potential and questions whether overreliance on gas risks missing opportunities from alternatives like solar and wind power.
FLNG - Offshore Assets Development , Korea 2010 Sampe PurbaSampe Purba
Sampe L. Purba, VP of Program and Budgeting at BPMIGAS, presented on Indonesia's offshore gas assets, developments, and potential for FLNG. Indonesia has significant offshore shallow, deepwater, and stranded gas reserves spread across sedimentary basins. FLNG is one option to develop remote and stranded reserves. Key challenges for FLNG include liquefaction at sea, loading/offloading LNG carriers, high costs, and remote locations. Government perspectives include resource allocation, local participation, and regulatory/fiscal frameworks. Investors consider contract sanctity, returns, and integration with global operations.
This document provides an overview of investment opportunities in Nigeria's natural gas sector, with a focus on LNG. It begins by outlining Nigeria's National Gas Master Plan, which aims to maximize gas use domestically, optimize exports, and ensure long-term energy security. The document then examines the global LNG market outlook in terms of supply, demand, and trade. Several promising investment opportunities are identified, including expanding gas infrastructure and processing plants, an industrial park utilizing gas, compressed natural gas, engineering/construction services, and export pipeline projects like the Trans-Sahara gas pipeline.
1) Fossil fuels currently meet 86% of global energy demand and 91% of Turkey's energy demand, and are projected to meet 80% of global demand over the next 20 years.
2) Turkey has a long history of oil and gas exploration dating back to the 1930s, with several key state-owned and private companies involved over the decades.
3) While exploration success in the Turkish sector of the Black Sea has been limited so far compared to regions like the North Sea, Turkey has significant acreage and potential reserves, especially in deepwater areas, making it an attractive frontier exploration region.
4) Further seismic data acquisition and
Gas Arabia Summit: Unconventional Gas Developments in the GulfEnergy Intelligence
Rana Samaha, Middle East R&A Director at Energy Intelligence, presented at the 10th Gas Arabia Summit, Dubai, January 13, 2015.
These slides include content on:
1.) US Shale gas developments: Key success factors
2.) GCC gas imbalances; role of unconventional gas developments
3.) GCC NOC's different approaches; Saudi Aramco's mandate
The document discusses the demise of the historical coking coal benchmark pricing system and its replacement with index-linked pricing. Specifically:
- The quarterly benchmark negotiations between coal producers and steel mills collapsed in June 2017 after Cyclone Debbie disrupted exports from Queensland.
- Nippon Steel proposed setting prices going forward based on the average of spot coal indices from the prior two months, which other producers initially agreed to but sub-category producers rejected.
- The new index-linked pricing system is creating issues for both suppliers and buyers around provisional pricing, volatility, planning costs, and choice of indices. Producers and mills now lack clear pricing leadership.
Global energy demand is expected to increase over the next 20 years as the world population grows. Fossil fuels such as oil, gas, and coal will continue to make up the majority of global energy consumption, around 80% by 2035. Many countries and companies are dependent on fossil fuel imports to meet domestic energy needs. Turkey in particular relies heavily on imports to meet over 80% of its oil demand and nearly 100% of its natural gas demand. To improve energy security, Turkey and other countries will need to encourage domestic production and exploration activities as well as securing reserves internationally through state-owned and private companies.
3.4 – "Natural Gas – Conventional & Unconventional Gas Sources" – Jakub Sieme...Pomcert
The document discusses conventional and unconventional natural gas sources and forecasts for future natural gas supply and demand. It summarizes projections from organizations like IGU and IEA that see global gas demand increasing from around 3 trillion cubic meters in 2008 to 4.4-4.9 trillion cubic meters by 2030. Unconventional gas sources like shale gas are expected to play a larger role, particularly in the US where production of unconventional gas could meet 45% of demand by 2035. Infrastructure like pipelines will also need to expand to accommodate increased gas trade and supply security.
The document discusses oil and gas prospects in Lebanon. It notes that seismic surveys have indicated high probabilities of considerable hydrocarbon reserves in Lebanon's offshore areas. Estimates suggest reserves of 25-96 trillion cubic feet of natural gas and 675 million-865 million barrels of oil. However, Lebanon has yet to launch its first offshore licensing bid round due to the government failing to approve crucial decrees related to territorial waters delimitation and provisions for exploration agreements. The document outlines Lebanon's legal framework and the role of the Petroleum Administration but notes delayed progress in the country's planned timeline for offshore exploration.
Understanding natural gas and lng options october 11 2017 1FAS
This document provides an introduction to understanding natural gas and LNG options. It discusses how recent large natural gas discoveries in Africa have focused attention on developing LNG export projects, which are essential to monetizing these resources. Developing an LNG export project alongside reserving gas for domestic use can enable gas-fueled economic development while also generating revenue from exports. LNG exports and imports have the potential to stimulate economic growth, infrastructure investment, and power markets across Africa.
Webinar: Global Status of CCS: 2014 - Driving development in the Asia Pacific Global CCS Institute
The Global CCS Institute launched The Global Status of CCS: 2014 report on 5 November 2014.
2014 has been a pivotal year for CCS as it is now a reality in the power industry. The Global Status of CCS: 2014 report provides a comprehensive overview of global and regional developments in CCS technologies and the policies, laws and regulations that must drive the demonstration and deployment of technologies to support global climate mitigation efforts.
Clare Penrose, the Institute's General Manager - Asia Pacific presented a summary of the report and discuss the key recommendations, an important reference for decision makers for the year ahead.
Ms Penrose was joined by the Institute’s subject matter experts who were available to answer questions:
Chris Consoli: CO2 Storage
Ian Havercroft: CCS Laws and Regulations
Lawrence Irlam: CCS Policy and Economics
Jessica Morton: CCS Public Engagement
Tony Zhang: CO2 Capture
The document discusses the proposed Iran-Pakistan gas pipeline. It notes that Pakistan is facing a growing energy crisis as its natural gas supply is declining rapidly to meet increasing domestic demand. The proposed pipeline would transport natural gas from Iran's South Pars gas field to Pakistan, helping alleviate Pakistan's energy shortages. However, the pipeline faces significant political and financial hurdles, including opposition from the United States and the need to finalize agreements between Iran, Pakistan, and India.
The document provides an overview of short-term natural gas fundamentals and the growing global LNG market. It notes that plentiful and low-cost US natural gas supply is driving the need for additional LNG export capacity to balance the market. Global LNG demand is growing at 13.6% in 2019 while new LNG supply is set to peak that year. The Permian Basin is a major source of growing US gas supply as a byproduct of rising oil production.
Carbon Bubble - Making Sense of a "Fossil Market"Timon Henze
The document discusses the concept of a "carbon bubble" where fossil fuel companies' assets are overvalued since they assume all reserves will be burned, contradicting the goal of limiting global warming to 2C. This poses major financial risks. It advocates strategies like divestment campaigns and removing fossil fuel subsidies to exert political and market pressure for climate action. If taken advantage of now, low oil prices and renewable energy advances provide an opportunity to rationalize energy policies and transition to a cheaper, greener system.
The US shale gas boom, outlook and implications for global petrochemicals By ...Sultan Al-Majroub
- The US shale gas boom has led to record high margins for US petrochemical producers due to low ethane feedstock prices from natural gas. Several major cracker and derivative units expansions are planned in the US, which could increase ethylene capacity by 38%. This will solidify the US position as a global petrochemical supplier and exporter. However, the growth also risks overcapacity and raises concerns about future LNG exports increasing domestic natural gas prices.
The document summarizes that America's new energy boom from shale oil and gas production will trigger broader economic recovery and higher growth rates. It argues that energy production will be a major job creator both directly and indirectly through multiplier effects. Cheaper domestic energy will revive manufacturing and attract companies to reshore production back to the US. However, the energy industry risks fumbling this opportunity if environmental performance and community impacts are not improved to manage issues from widespread production activities.
Episode 66 : Renewable Energy Technologies
Currently, this is the largest source of renewable energy.
However, much of this is low-technology uses in developing countries. Presumably usage of these fuels will fall as countries grow.
Other fuels include things such as ethanol.
Is there enough farmland to grow the needed feedstocks as well as supplying necessary food supply?
Recent concerns over corn prices is an example here
Used for 16% of world electricity production.
Does not require technological breakthroughs.
However, political acceptance is an issue.
Small hydro is cost competitive
Costs of wind fell by a factor of four between 1981-1999
Wind is now competitive in favorable locations.
Now about 5-8 cents/kWh
Competitive with traditional fuels with a $25/ton CO2 tax
Study shows wind is competitive at $38/ton CO2 near Chicago, and could be situated further away with a price of $76/ton CO2.
Distance from center decreases intermittency, but increases transmission losses.
Because wind is intermittent, storage is an issue.
For instance, excess power could be used to compress air in a reservoir as storage.
Currently feasible at about $93/ton
Denmark and Norway work in tandem to provide power.
When winds are favorable, Denmark exports wind energy to Norway. When not, Norway exports hydropower to Denmark.
SAJJAD KHUDHUR ABBAS
Ceo , Founder & Head of SHacademy
Chemical Engineering , Al-Muthanna University, Iraq
Oil & Gas Safety and Health Professional – OSHACADEMY
Trainer of Trainers (TOT) - Canadian Center of Human
Development
Dismukes global brgs_presentation_08-16-10Jordan Lane
This document discusses the economic importance and trends of offshore oil and gas activity in the Gulf of Mexico. It notes that in 2008 the GOM produced over 420 million barrels of oil and 2.4 trillion cubic feet of natural gas. Deepwater areas accounted for 76% of oil production in 2007. The document summarizes trends showing the water depth barrier moving from 5,300 feet to over 9,500 feet in the past 20 years. It also discusses the large economic impact of the industry on Gulf Coast states and potential effects of the Deepwater Horizon oil spill such as reduced drilling activity and regulatory changes.
This document discusses the economic importance and trends of offshore oil and gas activity in the Gulf of Mexico. It notes that in 2008 the GOM produced over 420 million barrels of oil and 2.4 trillion cubic feet of natural gas. Deepwater areas accounted for 76% of oil production in 2007. The document summarizes trends showing the water depth barrier moving from 5,300 feet to over 9,500 feet in the past 20 years. It also discusses potential impacts of the Deepwater Horizon oil spill, including reduced drilling rig activity and job losses in the Gulf Coast region.
Challenges in US Energy Infrastructure and Investment.pdfGregBean8
The US energy infrastructure is vast and aging, requiring hundreds of billions in investment to upgrade old pipelines, transmission lines, and storage facilities and to accommodate continued growth in production and shifts to exports. New investment is also needed to build out renewable generation and integrate variable resources into the grid, expand vehicle charging infrastructure, and develop export facilities for oil, gas, and liquefied natural gas. However, these investments face challenges from a complex regulatory environment, changing power market structures, and opposition from some state and local governments as well as environmental groups.
1. The organization advocates for policies that promote the development and transportation of domestic energy resources like natural gas, crude oil, and LNG.
2. It supports streamlining federal permitting processes for energy infrastructure projects and opposes duplicative state regulations.
3. The group recommends regulatory reforms aimed at treating the energy industry reasonably and promoting the utilization of domestic energy assets over imported sources.
Energy equipment & services monthly report – september finalCapstone Headwaters
Crude prices have moderated somewhat after reaching the upper $40
range
–– Prices weakened by rising exports from Iran, elevated inventories, and
weak refinery demand
• US Rig counts continue to improve moderately
–– Since August 12, the US onshore market has added 25 rigs, bringing the
total rig count to 506
–– International rig counts rose slightly by 66 in August
• Refining utilization decreased mildly since last month, and more
substantial declines are expected going forward
–– 300k bbl/d capacity expected to be down for routine maintenance at
times during fourth quarter, excluding economic run cuts or unplanned
downtime
• In Q2 2016, overall solar system pricing fell by up to 7.5%. Utility fixedtilt
and tracking projects in Q2 2016 saw an average pricing of $1.17/Wdc
and $1.30/Wdc, respectively.
• Continued elevated temperatures led to record power demand across
the country, including an
This presentation covers factors that caused the petroleum industry to decline during the 1980s, and then leading to the recovery beginning in 2008 through some possible future development trajectories.
This document summarizes the US petroleum renaissance and its implications for world markets and Asia. The US experience with tight oil and shale gas development has disrupted predictions of peak oil and increased US energy independence. While US exports of petroleum commodities face restrictions, exports of technology and expertise in horizontal drilling and hydraulic fracturing are impacting global natural gas markets. Countries like China possess large shale resources but face challenges developing their industries due to geological complexity and differences from the US model of private ownership and competition. National oil companies will play a key role in China's ability to overcome innovation barriers.
TransCanada is a major player in the natural gas and power industries in North America. The Keystone XL pipeline would provide additional access for oil produced in Canada and the U.S. Bakken formation to refineries along the Gulf Coast. When completed, it will help address concerns about declining supplies from other countries and increase security of oil supplies in the U.S.
ScottMadden recently joined industry leaders as a sponsor and presenter at Infocast’s 19th Annual Transmission Summit. Here, Todd Williams, partner and fossil practice co-leader at ScottMadden, reviewed the generation landscape and the impacts of the Clean Power Plan.
To learn more, please visit www.scottmadden.com.
Dismukes jones walker_banking_presentation_08-31-10Jordan Lane
The document discusses the economic importance and trends of offshore oil and gas production in the Gulf of Mexico. It notes that in 2008, over 420 million barrels of oil and 2.4 trillion cubic feet of natural gas were produced in the Gulf of Mexico, employing over 200,000 workers. Deepwater areas have increasingly contributed to production, with water depths now exceeding 9,500 feet. The deepwater and ultra-deepwater structures and wells require over $1.5 billion in investments. However, the 2010 Deepwater Horizon oil spill led to a drilling moratorium that reduced Gulf of Mexico rig counts and risks long-term impacts on investment and employment across the Gulf Coast region.
Post Recession Offshore - Oil & Gas IndustryAftab Hasan
This document provides an overview and outlook of the global offshore oil and gas industry following the economic recession. It discusses factors influencing the offshore market such as increasing global energy consumption and the cyclic nature of oil prices. The financial implications for the offshore industry are also examined, noting growing investment in deepwater and horizontal drilling while fleet utilization does not yet require additional rigs. The outlook for offshore energy vessels is cautiously optimistic, with demand for rigs and support vessels increasing but the market remaining cautious about new builds. The conclusion is that as onshore reserves deplete, offshore exploration and production will extend into new basins, creating opportunities for industry growth.
Security of Gas supply to Power markets in NigeriaTade Oyewunmi
This document summarizes a presentation on policy and regulatory issues regarding Nigeria's gas supply to power markets. It discusses:
1. The evolving international gas market with new sources of supply that could impact Nigeria's energy security. Nigeria has large gas reserves but faces challenges with infrastructure and regulation limiting utilization.
2. Nigeria's gas production and utilization trends from 2008-2012, showing large amounts of gas flaring due to inadequate infrastructure and regulation.
3. Key policy and regulatory challenges for Nigeria's domestic gas sector include ensuring adequate long-term gas supply and pricing, delivering gas through infrastructure, and establishing effective regulation and commercial frameworks.
4. Nigeria must improve its policy and regulatory framework to take advantage of emerging
Energy Equipment & Services: Industry Insights & HappeningsCapstone Headwaters
The latest issue of our monthly Energy Equipment & Services Report, highlighting trends in M&A, financing and capital markets for private and public companies in the energy market, is now available.
This document summarizes the economics of oil shale production in the United States. It finds that oil shale projects require demonstration at commercial scale before definitive costs are known. Surface retort plants in the 1980s were estimated to cost $8-12 billion, but modern costs are expected to be $3-10 billion. In-situ extraction may be economic at oil prices above $35/barrel while surface mining needs prices over $54/barrel. Major costs include mine development, retorting facilities, and infrastructure. Commercial projects could produce 10,000-50,000 barrels/day for surface retorts or up to 300,000 barrels/day for large in-situ projects. Costs may decrease over
O & G Panel - Maximizing under the ground value of fossil fuelsglobalenergysummit
Lower oil prices are causing oil companies to reevaluate their strategies and operations. Production costs for most oil and gas projects remain viable below $80 per barrel, but company cash flows are under threat as capex has increased significantly. In response, companies are reducing spending and delaying projects that are less economic at lower prices, such as those in oil sands and deepwater. A sustained period of lower prices will require operators to optimize their portfolios, lower costs, manage investments and balance sheets prudently.
Similar to 10 Things That May Affect the Future of Subsea Production (20)
Ludo system project report management .pdfKamal Acharya
OpenGL is a library for doing computer graphics.By using it, we can create interactive applications which
render high-quality color images composed of 3D geometric objects and images. OpenGL is window and operating
system independent. As such, the part of our application which does rendering is platform
independent.However,inorderforOpenGLtobeabletorender,itneedsawindow to draw into. Generally,
The Project OpenGL Ludo-Board Game is a computer graphics project. The computer
graphics project used open source library – OpenGL with the c++. This c++ project is based on
one of the oldest Board Game – the Ludo. This OpenGL Ludo game is of two player game and
not the regular four player.
Ludo is a board game for two to four players,in which the players race their four tokens from
start to finish accordingly to die rolls.Like other cross and circle games,Ludo is derived from the
Indian game Pachisi but simpler.The game and its variant are popular in many countries .
Encontro anual da comunidade Splunk, onde discutimos todas as novidades apresentadas na conferência anual da Spunk, a .conf24 realizada em junho deste ano em Las Vegas.
Neste vídeo, trago os pontos chave do encontro, como:
- AI Assistant para uso junto com a SPL
- SPL2 para uso em Data Pipelines
- Ingest Processor
- Enterprise Security 8.0 (Maior atualização deste seu release)
- Federated Analytics
- Integração com Cisco XDR e Cisto Talos
- E muito mais.
Deixo ainda, alguns links com relatórios e conteúdo interessantes que podem ajudar no esclarecimento dos produtos e funções.
https://www.splunk.com/en_us/campaigns/the-hidden-costs-of-downtime.html
https://www.splunk.com/en_us/pdfs/gated/ebooks/building-a-leading-observability-practice.pdf
https://www.splunk.com/en_us/pdfs/gated/ebooks/building-a-modern-security-program.pdf
Nosso grupo oficial da Splunk:
https://usergroups.splunk.com/sao-paulo-splunk-user-group/
Presentation slide on DESIGN AND FABRICATION OF MOBILE CONTROLLED DRAINAGE.pptxEr. Kushal Ghimire
To address increased waste dumping in drains, a low-cost drainage cleaning robot controlled via a mobile app is designed to reduce human intervention and improve automation. Connected via Bluetooth, the robot’s chain circulates, moving a mesh with a lifter to carry solid waste to a bin. This project aims to clear clogs, ensure free water flow, and transform society into a cleaner, healthier environment, reducing disease spread from direct sewage contact. It’s especially effective during heavy rains with high water and garbage flow.
Presentation slide on DESIGN AND FABRICATION OF MOBILE CONTROLLED DRAINAGE.pptx
10 Things That May Affect the Future of Subsea Production
1. [10 Things That May Affect the Future of Subsea Production]
[Hubie Fix, Life Cycle Engineering]
2. 1. Subsea Hardware Spending and Production
Depth Expected to Increase
According to Douglas Westwood’s latest estimates, Subsea hardware spending in 2014-18 is forecast to nearly
double the size of installed subsea infrastructure.
• Established Deepwater regions in Brazil, West Africa and the US Gulf of Mexico
• Newly discovered offshore gas provinces in East Africa and the Eastern Mediterranean
• >1000m Water Depths
• Provide additional markets which will lead to positively impacting IRM (Inspection, Repair &
Maintenance) expenditure
• Subsea hardware capex expected to total US$117 billion between 2014 and 2018 (80% growth).
3. 1. Subsea Hardware Spending and Production
Depth Expected to Increase
ROVs (Remotely Operated Vehicles) are expected to gain market share over the coming five-year period.
• ROV Inspections
• Replacement Tasks
• Cutting Operations
• Cleaning Operations
• Hatch Operations on Subsea Structures and Valves
• Subsea Equipment Troubleshooting
4. 1. Subsea Hardware Spending and Production
Depth Expected to Increase
AUVs (Autonomous Underwater Vehicles) are also expected to gain market share over the coming five-year
period.
Life-of-Field Inspection Surveys are currently in the early stages of commercial development with an expected
increase in demand for the future.
• High-Resolution, High-Speed
Seafloor Surveys & Mapping
• Geophysical Site Inspections
• Pipeline Route Planning
• Pipeline & Subsea Structure
Inspection
• Hydrography
5. 2. Baby-Boomer Generation Retirement
Roughly 50% of the working population in the oil & gas industry will be eligible for
retirement in 2015. (Current average retirement age is 62)
• Employee Training
• Subsea Operational Standards & Knowledge Retention
6. 2. Baby-Boomer Generation Retirement
Employee succession planning to mitigate work force & knowledge loss.
7. 3. Subsea Condition-Based Maintenance & Monitoring
Rig Uptime
Performance
Safety
Environment
Regulatory
Compliance
Equipment
Life Cycle
Maximize Asset Availability & Subsea Production
• Proactive approach to Preventative Maintenance
9. 4. IADC Well Control Training & Accrediting
Comprehensive
Well Control
Culture
Fundamental &
Supervisory
Levels
Team Problem
Solving & Decision
Making
IADC STANDARDIZED WELL CONTROL ACCREDITATION
10. 5. The Environment
The U.S. Oil and Gas sector ranked second in emissions to power plants
• Releasing 225 million metric tons of carbon dioxide equivalent in 2011.
More than a third of that came from methane, the main constituent of natural gas,
and a far more potent global warming gas than carbon dioxide.
11. 5. The Environment
The U.S. Environmental Protection Agency Clean Power Plan to issue final
Greenhouse Gas Emissions in August 2015.
GOAL
•Cut carbon emissions from the power sector by 30% from 2005
levels
METHODS
•New rules on greenhouse gas emissions
•Final regulations on the gas and oil sectors estimated to be
released in 2016
IMPACT
•Increased spending for underground pipelines for Clean CO2
Power Plants
•Possible increased demand for alternative energy and fuel
additives (ethanol)
12. 5. The Environment
Thermohaline Circulation (The Ocean Conveyor Belt)
• Has an impact the Earth’s climate
• Deepwater Temperatures, Densities and Salinity
13. 5. The Environment
Thermohaline Circulation
• 2014-2015 shows extraordinary record cold pool of water south of Greenland
• Risk for generating significant disruptions to atmospheric winds and related
weather.
14. 6. Offshore vs. Shale Production
Over the last 10 years, offshore investments have increased from ~ US$150 billion in
2005 to ~ US$360 billion in 2014.
With the help of horizontal hydraulic fracturing becoming proven and economical. Shale
investments increased from almost zero to ~ US$160 billion in 2014.
15. 6. Offshore vs. Shale Production
Offshore production remained largely unchanged at 27 million barrels of oil equivalent per day.
Shale production increased from less than 100 thousand barrels oil equivalent per day in 2006,
to an estimated 7.5 MMboe/d in 2015.
The reactiveness of the production to the investments is largely a factor of the project life cycle.
16. 6. Offshore vs. Shale Production
Over the last five years, shale has experienced extraordinary development, showing much
higher production growth than offshore.
Shale reduces activity the quickest when prices dropped but will also be the fastest to
recover once oil prices increase.
The shale industry may now be a close predictor for how offshore oil and gas companies will
react and operate to market conditions.
17. 7. Methane Hydrates
• “Fire Ice”
• Natural Gas
• Harsh Environments
• Technical Challenges
• Production Growth
18. 7. Methane Hydrates
The Fukushima Incident of March 11, 2011 led to Japan’s entire nuclear industry to be shut down,
resulting in Japan’s gradual shift back to fossil fuels for power generation.
Without nuclear energy, Japan’s domestic energy resources could only meet less than 9 percent of
the nation’s energy requirement.
On an annual basis, LNG imports cost the country nearly $700 billion.
19. 7. Methane Hydrates
In March 2013, by lowering a methane hydrate reservoir’s pressure, a Japanese drilling ship
of the Japan Oil, Gas & Metals National Corporation (JOGMEC) successfully extracted
methane hydrates from the seabed off Central Japan (Nankai Trough).
During 6 days it produced 120,000 cubic meters in total, i.e. 20,000 cubic meters a day of
natural gas.
Estimates indicate that the reserves of methane hydrate correspond to a 100-year supply of
natural gas for Japan, making it an important potential source of energy.
20. 8. Unmanned Platforms
Maersk Oil’s unmanned platform Tyra Southeast-B finished construction
mid-2014 and started production March 2015.
• Current production 2600boepd
• Planned to drill 8-12 horizontal wells
• Total delivery
– 20 million barrels of oil
– 70 billion standard cubic feet of
gas.
• Currently used in shallow waters
• Technology advances may move
further and further deep water.
21. 9. Offshore Regulations
ISO 55000: International Standard for Asset Management (January 2014)
• Overview of Asset Management
• Principles and Terminology
• Expected Benefits
Ten Things to Know about ISO 55000 – the International Standard for Asset
Management
• By Mike Poland, CMRP, Life Cycle Engineering
Extending the public comment period on the Notice of Proposed Rulemaking for “Oil
and Gas and Sulphur Operations on the Outer Continental Shelf – Blowout Preventer
Systems and Well Control,” which was published in the Federal Register on April 17,
2015 (80 FR 21504)
• Proposed rule would focus, at this time, on blowout preventer requirements,
including incorporation of industry standards and revision of existing regulations.
• Reforms in the areas of well design, well control, casing, cementing, real-time
well monitoring, and subsea containment.
• Arctic-specific standards for oil and gas drilling in the remote region.
• Draft leasing plan, pencils in one possible sale of mid- and south Atlantic acreage
but rules out auctions in the Pacific Ocean and in eastern Gulf waters.
22. 10. Iran Oil & Gas Sanctions Lifted
• Iran hasn't been able to sell oil to the United
States since 1995. Most major Western
countries imposed sanctions within the last
five years aimed at curbing Iran's nuclear
program.
• On July 14, 2015 Iran and a group of six
nations led by the United States reached an
agreement limiting Tehran’s nuclear ability for
more than a decade in return for lifting
international oil and financial sanctions.
• Iran could add as much as 500,000 barrels of
oil per day to worldwide markets by the end
of this year.
• Once we get past Labor Day, we should see
gas falling by 10 to 15 cents a month," said
Tom Kloza, chief oil analyst with the Oil Price
Information Service. "By December a lot of
places are going to see gasoline at $2 or
less."
23. References
1. Loffman, Matt. “Subsea infrastructure – growing and moving deeper” (2015, January 1). Retrieved from
http://www.oedigital.com/regions/item/7876-subsea-infrastructure-growing-and-moving-deeper
2. Riffkin, Rebecca. “Average U.S. Retirement Age Rises to 62” (2014, April 28). Retrieved from
http://www.gallup.com/poll/168707/average-retirement-age-rises.aspx
3. Cheney, Paul. “Oilpro.com: Oil & Gas Social Network Launched to Bridge Industry Generation Gap” (2013, October 7).
Retrieved from http://www.bizzuka.com/company-blog/oilprocom-oil--gas-social-network-launched-to-bridge-industry-
generation-gap
4. Anderson & Rasmussen “Condition and Performance Monitoring of Subsea Production Systems” Retrieved from
http://www.spe.org/jpt/article/5190-young-technology-showcase-14/
5. Retrieved from http://www.iadc.org/wellcap/
6. Retrieved from http://www.iadc.org/wp-content/uploads/2015/06/2014-ISP-Reporting-Guidelines.pdf
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24. [10 Factors That May Affect the Future of Subsea Production]
[Hubie Fix, Life Cycle Engineering]