Author: Rigs & Barge World
21/08/2024 According to the Norwegian Offshore Directorate’s projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund. Norway still has extensive oil and gas resources on the Norwegian continental shelf (NCS). This can provide a basis for high levels of production, export and value creation for the broader society for many years to come, according to the new resource report. However, this potential future will not simply materialise on its own. The Norwegian Offshore Directorate expects total production on the…
The casing pipe is mandatory in drilling operations as it has a lot of casing functions to prevent cave-in of unconsolidated formations, isolate problem zones, and many more. As mentioned before in our casing design guide, the selection of casing depends on many factors. Here in this article, we shall learn everything about the best drilling practices for casing running procedures, tools & equipment. In other words, you will learn the proper procedure for the casing running in the hole. In addition, you can use it in your drilling rig floor program or game plan. Preliminary Operations Before Starting the…
Syria’s new government has found a new supplier to help relieve its acute fuel shortages and replace part of the approximately 80,000 b/d of crude oil previously sent by Iran to the Assad regime; Russia. But rather than simply replacing Iranian crude oil supplies to Syria’s refineries, Russia is supplying a combination of crude oil and key refined products. The development comes as Russia and Syria are considering a reset in their relationship. Moscow views its Hmeimim and Tartus military bases as strategically crucial assets on the Mediterranean Sea, and while the overthrow of the Assad regime lost it a…
Drop by our stand and learn more about the NCS. 22/08/2024 Are you attending ONS between August 26th and 29th? Drop by us at stand 8100 in hall 8! The main theme of our stand is the Norwegian Continental Shelf (the NCS), with a particular focus on the activities there and the roles of the authorities. As usual, we will award the Improved Recovery Award on Tuesday. At our stand, shared with the Ministry of Energy, you will have the opportunity to meet representatives from both the Directorate and the Ministry. Feel free to take the…
Low carbon power generation’s share of the UAE electricity sector hit another record high in 2024, but amid rapid demand growth, gas consump… Source link
The new deposit is located in 1175 metres of water. (Photo: Centre for Deep Sea Research /Ægir 6000) 23/08/2024 The Centre for Deep Sea Research at the University of Bergen (UiB) proved a new sulphide deposit on an expedition in the Norwegian Sea and the Greenland Sea this summer. Data from previous surveys conducted by the Norwegian Offshore Directorate was the basis for the selected areas. The expedition was carried out by the G.O. Sars research vessel during the period from 24 June to 12 July, based on the licence for scientific exploration, 900/2024.…
Saudi Minister of Energy, Abdulaziz bin Salman bin Abdulaziz, announced that the Saudi Arabian Oil Company (Aramco) has discovered 14 Arabian oil and natural gas fields and reservoirs in Eastern Region and the Empty Quarter, the Saudi Press Agency reported. The discoveries include six oil fields, two oil reservoirs, two natural gas fields, and four natural gas reservoirs. In the Eastern region, the oil discoveries included Jabu, Sayahid, and Ayfan oil fields, along with the Jubaila and Unayzah-A oil reservoirs, bin Salman stated. In the Empty Quarter, oil discoveries included the Nuwayr, Damda, and Qurqas oil fields. As for natural gas,…
Nå kan du fordype deg i programmet i forbindelse med vårt arrangement om frakturering og stimulering av reservoar med lav-permeable soner tirsdag 1. oktober 2024 i våre lokaler. Du kan fremdeles melde deg på! Source link
Africa is expected to be one of the fastest growing sources of oil demand growth in the world over the medium and long term. Opec’s 2024 World Oil Outlook forecasts its demand growing by 4.4mn b/d out to 2050. Starting from 2030 its demand growth will be second only to India. Eying this trend, GCC states have been buying strategic stakes in oil infrastructure in recent years and ramping up exports to eastern and southern Africa. GCC refined oil export flows to Africa have been transformed since 2020. Exports to the continent previously averaged around 660,000 b/d, according to data…
Malaysian Petroliam Nasional Berhad (PETRONAS) and Vietnam Oil and Gas Group (PETROVIETNAM) have signed a Key Principles Agreement (KPA) to extend the Production Sharing Contract (PSC) and the Upstream Gas Sales Agreement (UGSA) for the PM3 Commercial Arrangement Area (CAA) for an additional 20 years. Spanning over 2,000 km² of offshore fields along the maritime border between Malaysia and Vietnam, the PM3 CAA stands as a model of long-standing cross-border energy cooperation. This latest milestone underscores the strong bilateral relationship and mutual commitment of both nations towards energy security and affordability. The KPA was signed in Hanoi by Datuk Ir.…