Thursday, May 23, 2019

Asia Pacific News

Vitol, Novatek Sign LNG Deal for Arctic 2 Plant

Pic: Novatek

Novatek Gas & Power Asia, a trading unit of Russia’s largest independent natural gas producer and LNG operator, Novatek, signed a heads of agreement with British energy and commodity trading company Vitol for the supply of LNG from the Arctic LNG 2 project.The Agreement envisages concluding a 15-year contract with annual supply of one million tons of LNG from the Arctic LNG 2 project as well as other Novatek’s projects.The LNG will be shipped on FOB basis to Novatek’s transshipment terminals in the Murmansk region and Kamchatka…

DNV GL Invites Partners for Turbine Project

Pic: DNV GL

DNV GL calls on industry stakeholders to join a new Joint Industry Project (JIP) to develop Recommended Practice on wind turbine design methodologies for cyclones and earthquakes.The world’s largest independent energy advisory and certification body said in a press release that the ACE (Alleviating Cyclone and Earthquake Challenges for Wind farms) Joint Industry Project is aiming to gather experiences from cross-industry players to align wind turbine design methodologies for those extreme…

Expro Promotes Two Execs

Alistair Geddes (Photo: Expro)

Oilfield services company Expro announced Thursday it has promoted two company executives.Current Executive Vice President, Alistair Geddes, has been promoted to Chief Operating Officer (COO) with immediate effect, and Keith Palmer has been promoted to Executive Vice President – Product Lines and will be responsible for Expro’s product lines, technology and group engineering.

BP, Exxon Sign On Alaska LNG Export Project

© Argus / Adobe Stock

Alaska Gasline Development Corp (AGDC) said it signed an agreement with BP PLC and Exxon Mobil Corp to help advance the state-owned company's proposed $43.4 billion Alaska liquefied natural gas (LNG) project."Our respective organizations share an interest in the successful commercialization of Alaska's stranded North Slope natural gas," AGDC Interim President Joe Dubler said in a statement late Friday.BP and Exxon Mobil produce massive amounts of oil in Alaska and have discovered huge…

OPITO Names Asian Pacific VP

Hart Victor (Photo: OPITO)

OPITO, a global, not-for-profit skills body for the energy industry, has appointed Hart Victor in the role of vice president of strategy for the Asia Pacific region.Victor had previously spent more than a decade with National Oilwell Varco (NOV) as regional training manager for Asia where he supported the growth of the team from 50 to over 1,000 people, as well as establishing new safety training centers in the region.Victor, who will be based at the company’s office in Kuala Lumpur, Malaysia…

Searcher Seismic Acquires Triok

Image: Searcher Seismic

Searcher Seismic, in cooperation with BGP, has completed the acquisition of the Triok broadband non-exclusive 2D seismic survey in the Northern Basins of Papua New Guinea.Following the acquisition of the Solomon Sea non-exclusive 2D in the northern basins of Papua New Guinea, the Triok broadband non-exclusive 2D seismic survey consists of 3,845 km (2,389 mi) of 2D long-offset, high-resolution, broadband seismic and offers regional coverage of the Cape Vogel basin and Huon Gulf.Andrew Weller…

Santos Broadens Offshore Exploration in N.Australia

Image: Santos

The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits, with Santos acting as operator.Santos’ position in the Bonaparte basin already includes an 11.5% interest in the Bayu-Undan gas-condensate field and the Darwin LNG plant, as well as a 25% interest in the Barossa field…

McDermott Bags Pan Malaysia Jobs

Photo by McDermott International, Inc.

American multinational McDermott International has announced Malaysian offshore projects contracts for developing pan Malaysia oil fields.One contracts was from Sarawak Shell Berhad and the other from Sapura Exploration and production, a press release from the fully-integrated provider of technology, engineering and construction solutions to the energy industry said.McDermott's scope of work for SSB includes the transportation and installation of jackets, topsides and pipelines for the Gorek gas field.

Offshore Mooring to Reach $1.1B by 2021

FPSO. Pic: MODEC

The global offshore mooring system market stood at US$0.93 bn in 2014 and is predicted to reach US$1.1 bn by 2021.It is predicted to expand at a CAGR of 3.60% from 2015 to 2021, revealed a new Transparency Market Research report.According to the report, the market for offshore mooring systems is propelled by the rising subsea production and exploration and the consistent introduction of technologically advanced products. In addition, factors such as the growing demand for energy and the rise in the prices of gas and oil have also stimulated the growth of the offshore mooring systems market.In addition…

Offshore Wind Energy Market to Grow 20%

Image: Siemens Gamesa

Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing with a number of schemes that have recently began power production, according to Researchnreports. For instance, following the installation of its first 7-MW turbines, Scotland's biggest offshore wind farm has sent power for the first time to the…

Anadarko Sells LNG to CNOOC

Image:  Anadarko Petroleum Corporation

U.S. oil giant Anadarko Petroleum said it has signed a deal with one of China’s biggest importers to supply 1.5 million tonnes of liquefied natural gas (LNG) a year from Mozambique for a period of 13 years.The contract, signed by Anadarko and China’s GNOOC Gas and Power Singapore Trading & Marketing, gives China’s biggest liquefied natural gas importer access to world-class gas resources from Mozambique LNG, Mitch Ingram, executive vice president of Anadarko’s International, Deepwater and Exploration division…

Sapura Energy, OMV Partner for E&P

Sapura Energy's Tan Sri Shahril and OMV's Johann Pleininger at the November 2019 signing ceremony (Photo: OMV)

Malaysia’s largest oil and gas services company Sapura Energy Berhad and Austria’s OMV Aktiengesellschaft have agreed to form a new strategic partnership that will see the creation of a new joint venture independent oil and gas company.OMV Exploration & Production GmbH, a wholly-owned subsidiary of OMV Aktiengesellschaft, has paid $540 million for a 50% stake of the issued share capital in the newly formed SapuraOMV Upstream Sdn. Bhd.Malaysia based SapuraOMV Upstream Sdn. Bhd is a independent…

DOF Subsea Wins Yinson Energy Contract

Skandi Hercules. Image: DOF Subsea

Malaysia's Yinson Holdings Bhd's associate Yinson Energy has awarded DOF Subsea Asia Pacific Region a contract to provide transportation & installation (T&I) services to position and moor the FPSO Helang on the Layang field, Sarawak, Malaysia.DOF,  international subsea operating company, said in a press release that the award includes Project Management, Engineering, Towing and Mooring Services and is expected to be completed by Q3 2019.The project will utilize construction support vessel (CSV) Skandi Hercules…

Floating LNG Power Vessel Market Set to Exceed USD 1 Bln

Image: Wison Offshore & Marine

The Global Floating LNG Power Vessel market accounted for $780.14 million in 2017 and is expected to reach $1,073.54 million by 2026 growing at a CAGR of 3.6% from 2017 to 2026.According to a market research report by ResearchAndMarkets, some of the factors such as growing demand for power coupled with the lack of power infrastructure and increase in hybrid fuel engines are fueling the market growth.However, factors such as high capital cost associated with operations, maintenance, transportation…

Ørsted, Tepco Join Forces for Japan Offshore Push

Image: Ørsted

Tokyo Electric Power Company Holdings (TEPCO) has signed a memorandum of understanding (MoU) with Danish energy business Orsted to work together on offshore wind projects.In a press release, TEPCO said that it had been “exploring offshore wind business opportunities” in both Japan and overseas. Orsted is a world leader in wind energy and built the world’s first offshore wind facility in 1991. Ørsted has constructed more than 25 offshore wind farms in Europe and has several large-scale offshore wind development projects in Europe…

Petrofac Secures Brunei Contract

Image: Petrofac

Oilfield services provider Petrofac and its partner Serikandi Oilfield and Services Sdn Bhd, have secured a multi-annual Engineering Design Services contract to support Brunei Shell Petroleum (BSP) and Brunei LNG (BLNG) in Brunei.Petrofac and partner Serikandi will provide engineering across all phases of the asset lifecycle for the entire portfolio of onshore and offshore assets for BSP and BLNG. All engineering and design work will be undertaken in Brunei, with the team located at offices in Kuala Belait.Mani Rajapathy…

K2 Management Opens Beijing Office

Image: K2 Management

Offshore wind and sustainable energy consultancy K2 Management  has opened an office in Beijing to support China’s wind and solar market.Active in Asia since 2010, K2 Management has been working in China on several projects for local and international clients.Country Director for K2 Management in China, James Wu, said: “We think the time is right for us now to be present in China, especially as offshore wind is now really taking off. There is a growing demand for independent, experienced support, so we decided to put down roots in China.

Aqualis Offshore Establishes Office in Australia

Image: Aqualis Offshore

Marine and offshore engineering consultancy Aqualis Offshore has set up an office in Perth, Western Australia, to support oil and gas developments in the Australasia region.“We have supported important projects offshore Australia in recent years and believe it represents a market with good potential. There seems to be an increasing confidence in growth in offshore activity here, so we feel the time is right to set up a dedicated office in Australia,” says David Wells, CEO of Aqualis Offshore…

Puma Awards EPC Contract to McDermott

(File photo courtesy McDermott International)

McDermott International, Inc. announced Wednesday it has been awarded a tank contract by Puma Energy (Australia) Fuels Pty Ltd for the engineering, procurement and construction (EPC) of 11 fuel tanks for an import terminal in Kwinana, Western Australia.McDermott did not specify the exact value of the work, but said the contract is worth between US$1 million and US$50 million.Onsite work is scheduled to commence in the first quarter of 2019 with completion scheduled for the third quarter of 2020…

Jadestone Energy to Restart Montara Production

Pic: Jadestone Energy

Asia Pacific upstream oil and gas development and production company has announced the completion of works required to resume production from the Montara oil field. This restart follows an extensive maintenance and inspection shut down. "Work has been completed and the facilities are undergoing the final stages of pressure testing to ensure asset integrity and a safe restart of production," said a press release from company.The oil train has been successfully leak tested and the gas train is now being tested so that both can start together…