Geothermal Energy: Particle Gel could Solve Low Heat Production Efficiency
Geothermal energy comes from heated water or steam within the earth and provides a renewable source of energy to heat buildings and generate electricity. But many geothermal reservoirs also have an inherent problem – geological fractures that allow water to divert into other areas, cooling the water and the surrounding rock and limiting the efficiency of heat extraction from underground reservoirs. Researchers at Missouri University of Science and Technology are working on a solution.“We’re developing cost-effective polymer gels that can be injected into geothermal reservoirs to control the diversion problem…
Senex Energy Gemba Tests Successful
Australian energy company Senex Energy has successfully tested a gas exploration well in the Cooper Basin in South Australia.According to the Brisbane-based company The Gemba-1 well flowed 227,000 cubic metres (8 mcf) of gas per day over a period of a week."Senex Energy has successfully completed the initial flow test of the Gemba-1 gas exploration well in the Cooper Basin, with stabilised flow rates of approximately eight million standard cubic feet per day, plus associated liquids," said a stock…
Statoil Acquires 25% Stake in Brazil's Roncador
Statoil ASA and Petróleo Brasileiro S.A. (Petrobras) have agreed that Statoil will acquire a 25 percent interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil’s expertise in improved oil recovery (IOR). The total consideration comprises an initial payment of $2.35 billion, plus additional contingent payments of up to $550 million.
Sir Bob Reid Joins Belltree Board
Sir Bob Reid is to take up a new role as nonexecutive director of Belltree, a specialist oil and gas consultancy based in Edinburgh. The former chair and chief executive of Shell UK will advise and support Belltree with its continued growth into international markets. During his 36-year tenure at Shell, he spent much of his time overseas including posts in Brunei, Nigeria, Borneo, Thailand, Eastern Europe and Australia. Reid is also a former chair of the British Railways Board, Sears, London Electricity, ICE Futures Europe and its associated Clearing House, ICE Clear Europe.
Emerson Launches Roxar API
Emerson Automation Solutions has launched the Roxar API (Application Programming Interface), its extensibility solution for reservoir modeling and, in particular, for its industry leading software Roxar RMS. The Roxar API helps operators customize their workflows to achieve specific goals; improves data management capabilities with greater interoperability and flexibility; preserves vital reservoir information across multiple-stage workflows; and enables users to analyze and visualize their models in different and innovative ways for improved reservoir interpretation and increased recovery.
Emerson, IPRES Enter Software Partnership
Emerson Automation Solutions has announced a business collaboration with IPRES (Integrated Petroleum Resource and Economic Service), an international company based in Norway that provides advanced software tools and services to the upstream oil and gas industry. Under the terms of the agreement, Emerson will sell IPRES’s flagship solutions IPRISK and IPRESOURCE to its existing and prospective customer base. Both solutions are complementary to Emerson’s Roxar reservoir management software portfolio and will provide operators with tools for economic risk analysis…
NPD’s IOR Prize Awarded to Åsgard Licence
Director General of the Norwegian Petroleum Directorate (NPD), Bente Nylund, announced at the ONS 2016 Tuesday that the Åsgard licence was awarded the NPD’s prize for improved oil recovery (IOR) for their Åsgard subsea gas compression effort. “The IOR prize has been given in recognition of their creativity, perseverance and venturousness in applying methods and technology for improving oil and gas recovery. This year’s IOR prize is awarded to the Åsgard licence for the licensees’ courage, ability and will to invest in advanced technology that will strongly help raise the recovery from Åsgard,” says Nylund.
Emerson Donates Reservoir Management Software To UTP
Emerson Process Management has donated unlimited licenses of its reservoir management software to Universiti Teknologi PETRONAS (UTP). As a sign of its appreciation of this donation, UTP held an official ceremony for the handover of the donation at its campus, attended by representatives from both Emerson Process Management and UTP. The partnership is part of Emerson’s commitment to supporting the next generation of geoscientists and will enable UTP students to utilize Emerson’s reservoir modeling software Roxar RMS; reservoir engineering suite Roxar Tempest; and oil and gas production management tool, METTE.
Construction Begins on Johan Sverdrup Riser platform
The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right), project manager for the riser platform and the processing platform Ståle Nordal and head of Samsung Heavy Industries’ offshore division Younsang Won led the formal celebration of the construction start in South Korea 30 June. “As we are starting the riser platform construction we are taking another important step in delivering the Johan Sverdrup project on schedule,” says project director for Johan Sverdrup Kjetel Digre.
ABB, Aker Solutions Join Forces on Subsea Production
ABB and Aker Solutions have come to an agreement that aims to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry. The cooperation strives to integrate ABB's technologies in subsea power and automation and Aker Solutions' subsea capabilities to bring customers more effective, reliable and flexible oil and gas production solutions. The goal is to enhance how production equipment on the seafloor is powered and controlled by applications on shore or platforms…
Aker Solutions, ABB Form Subsea Alliance
Aker Solutions and ABB agreed to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry. The cooperation will integrate Aker Solutions' pioneering subsea capabilities and ABB's subsea power and automation system expertise to bring customers more effective, reliable and flexible oil and gas production solutions. It will enhance how production equipment on the seafloor is powered and controlled by applications on shore or platforms…
Statoil ASA: 2015 Q3 Results Announced
Statoil delivered adjusted earnings of NOK 16.7 billion and adjusted earnings after tax of NOK 3.7 billion in the third quarter. Statoil reported net income in accordance with IFRS of negative NOK 2.8 billion, mainly due to net impairment charges and provisions. "We continue to reduce underlying operational costs and deliver a quarter with strong operational performance and solid results from marketing and trading. In the third quarter, our financial results continued to be affected by low liquids prices.
Statoil: New Compressors at Troll A Platform
Norway's Statoil has started two new compressors on its Troll A platform, a key gas production facility on the Norwegian continental shelf, to increase recovery, the company said on Thursday. "The two new giant compressors that started up on the Troll A platform this month will help increase gas recovery by 83 billion cubic metres," Statoil said in a statement The two compressors come in addition to the existing two, ensuring a daily output of 120 million cubic metres of gas per day and helping to extend Troll A operations from 2045 to 2063, it added. (Reporting by Nerijus Adomaitis)
Statoil Starts Subsea Gas Compression at Gullfaks
The unique technology will increase recovery by 22 million barrels of oil equivalent (oe) and extend plateau production by around two years from the Gullfaks South Brent reservoir. “We are very proud that we have been able to complete such a demanding pioneering project with start-up ahead of the original plan,” says Margareth Øvrum, executive vice president for Technology, Projects & Drilling (TPD). “Subsea processing and gas compression represent the next generation oil and gas recovery, taking us a big step forward,” she says. Statoil is the first company to apply subsea gas compression.
Statoil, Partners Start Subsea Gas Compression
The unique technology will increase recovery by 22 million barrels of oil equivalent (oe) and extend plateau production by around two years from the Gullfaks South Brent reservoir. “We are very proud that we have been able to complete such a demanding pioneering project with start-up ahead of the original plan,” says Margareth Øvrum, executive vice president for Technology, Projects & Drilling (TPD). “Subsea processing and gas compression represent the next generation oil and gas recovery, taking us a big step forward,” she says. Statoil is the first company to apply subsea gas compression.
Emerson Acquires Yggdrasil
Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software. Emerson will incorporate Yggdrasil’s METTE production optimization solution into the Roxar reservoir management software portfolio, providing operators with an integrated workflow from seismic interpretation and reservoir modeling to reservoir simulation and production optimisation. The combination of data from predictive reservoir models, production modeling and…
Qatargas Launches $1 Bln Eco Project at Ras Laffan
His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior of the State of Qatar, officially inaugurated the Jetty Boil-Off Gas Recovery (JBOG) Project in Ras Laffan Industrial City (RLIC) today. The biggest project of its kind and one of the largest environmental investments in the world, the JBOG Project represents a significant milestone in the State of Qatar’s efforts to reduce carbon emissions from its LNG industry. The JBOG Project is part of the…
Aker, Fjords Join Forces
Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The WellSep alliance will apply Aker Solutions' subsea processing experience and testing facilities and Fjords' topside and onshore separation technologies to provide complete solutions. "This is a great opportunity to further develop our key technologies with one of our most important partners, Aker Solutions," said Rune Fantoft, chief executive officer of Fjords Processing.
Water Flows and Energy Grows
The Earth stores and preserves its resources for the future, and some of the Earth’s freshwater resources are kept in aquifers, underground, water-bearing rock formations that provide groundwater to wells and springs. The USGS Groundwater Resources Program studies the major aquifers across the Nation that includes assessments of groundwater availability and quality. The Williston Basin, a large sedimentary basin located in the north-central United States and south-central Canada, is home to several regional aquifers containing limited groundwater resources with little to no recharge.
A Boost for UK Offshore Drilling? DW Monday Muses
Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report – the “Wood Review” – to maximise UK offshore oil & gas recovery advises Douglas Westwood's 'DW Monday' study. From a peak of 396 in 1996, numbers of wells drilled offshore UK fell to 164 in 2013, a low not seen since 1979. Development wells were down from 289 in 1998 to 120 in 2013. Exploration & appraisal drilling, on which offshore production ultimately depends, saw numbers fall from 224 in 1990 to 44 last year.
