A Barrel Fulll Archive

February 7, 2018 Turkey’s fourth import terminal and second FSRU has started operations today at a port in the Dörtyol district , located in the Hatay province. The MOL FSRU Challenger, the world’s largest FSRU (263,000cbm), has a 20 Mcbm/d send-out capacity. Botas chartered the vessel from MOL for 3 years. Turkey has three other import terminals: two land-based (Aliaga and Marmara Ereglisi) and one floating import terminal (using the FSRU Neptune) which started operations in December 2016.

30.09.2022 PGNiG has secured a regasification capacity at the Lithuanian LNG terminal . This will provide the Company with the ability to import over 0.5 billion cubic meters of natural gas per year through the terminal. The reservation period is 10 years. Klaipedos Nafta (KN) - the operator of the LNG terminal in Klaipeda, Lithuania - has concluded long-term regasification capacity allocation procedure at the Lithuanian LNG terminal. PGNiG has been awarded with capacity that will allow the company to regasify 6 TWh of liquefied natural gas per year, which is equivalent to over 0.5 billion cubic meters of gas after regasification. The reservation is for the period from January 1, 2023 to December 31, 2032. “LNG plays a fundamental role in the supply diversification strategy of both Poland and Lithuania. Having secured the long-term reservation of regasification capacity at the terminal in Klaipeda, PGNiG will be able to use its expertise in LNG trading to strengthen the availability of

October 29, 2020 Today, PBF Energy announced an operational reconfiguration of its East Coast refining system comprised of its Delaware City and Paulsboro refineries. Depending on market conditions, future throughput capacity is expected to be approximately 260,000 barrels per day. As part of the reconfiguration, the Paulsboro refinery will be idling the following units: the smaller of two crude units, coker, fluid catalytic cracker and several smaller units. We expect to operate certain Delaware City and remaining Paulsboro units at higher utilization and efficiency. Annual operating and capital expenditures savings are expected to be approximately $100.0 million and $50.0 million, respectively, relative to average historic levels. The reconfigured East Coast refining system retains significant crude optionality and is expected to have increased flexibility to respond to changing market conditions. We anticipate realizing a one-time benefit in reduced working capital as a result of

July 26th 2022 The offloading solution will be installed on Bougainville dock in Le Havre and will consist of a Marine Loading Arm to transfer regasified liquefied natural gas (LNG) from the proposed Floating Storage and Regasification Unit to the shore. This project was initiated by TotalEnergies and the French Minister of Ecological Transition, following the geopolitical context in order to strengthen France’s energy independence by increasing LNG imports by ship and ultimately mitigate the impact of a potential reduction of gas deliveries by pipeline. The FSRU project in Le Havre could allow France to increase its regasification capacity by around 5 bcm/y(1), which corresponds to the average annual gas consumption of more than 4 million households in France. The Marine Loading Arm will be designed, manufactured and tested at Technip Energies Loading Systems plant in Sens, France. Bertrand Chupin, Vice-President of Technip Energies Loading Systems, commented: “We are very proud t

12th October 2022 Everything becomes liquid under pressure. This applies to natural gas, and it applies in a more figurative sense to the construction of the EemsEnergyTerminal in the port of Eemshaven in the north of the Netherlands. This terminal, which enables additional imports of liquefied gas (LNG), was completed in record time. It is a fine example of collaboration between various authorities and market parties, under the direction of Gasunie.  On 8 September, Minister for Climate and Energy Policy Rob Jetten told those gathered at the official commissioning of the EemsEnergyTerminal, ‘This is a true European effort, to make sure that Europe stands strong against Russian aggression and Europe will become energy-independent as soon as possible.’ The terminal is a new link in the security of supply of natural gas. EemsEnergyTerminal at a glance The project went from concept to realisation in a record time of just six months. Two FSRUs (floating storage and regasification units) t

September 4, 2019 On 1 September Equinor and its partners started production from the Snefrid Nord gas field, the first discovery tied back to the Norwegian Sea Aasta Hansteen field . It also sets a new depth record on the Norwegian continental shelf (NCS). Recoverable resources for Snefrid Nord are estimated at 4.4 billion standard cubic metres of gas (27,5 million barrels oil equivalents) and some condensate. This will extend plateau production from Aasta Hansteen by almost a year. On plateau Snefrid Nord will produce four million cubic metres of gas per day. Aasta Hansteen came on stream in December 2018. Together with the Polarled pipeline the field opened a new region in the Norwegian Sea for gas export to Europe. Less than a year later the first discovery is tied back to the field. “Snefrid Nord has been delivered without any serious injuries, ahead of schedule and within the cost estimate,” says Geir Tungesvik, senior vice president for project development in Equinor. It cost a

December 17, 2018 On 16 December Equinor and its partners started production from the Aasta Hansteen gas field in the Norwegian Sea. Today, 17 December gas from the Aasta Hansteen field is available to the market for the first time and together with the Polarled pipeline the field opens a new region for gas export to Europe. “Aasta Hansteen is a pioneer! Located in 1 300 metres of water, this is the deepest field development on the Norwegian continental shelf (NCS), the largest spar platform in the world, and a first on the NCS. The field now coming on stream is unique,” says Anders Opedal, Equinor’s executive vice president for Technology, Projects and Drilling. Aasta Hansteen is located 300 kilometres west of Sandnessjøen, far from other fields and in an area with harsh weather conditions. The field has been named after another pioneer: Feminist, social commentator, painter and author Aasta Hansteen. The field development concept consists of a floating platform with a vertical cyl

04, Jan 2022 NPCC, which is wholly owned by National Marine Dredging Company (NMDC), has secured a contract with Saudi Aramco worth AED 8.2 billion ($2.2 billion) for two packages for the Zuluf offshore field . NMDC shared the update on Monday in a statement to the Abu Dhabi Securities Exchange. It is worth reminding that NMDC completed its merger with NPCC, creating a regional engineering and construction powerhouse, in February 2021 following the receipt of regulatory approvals. NMDC revealed no other details about the project other than it is expected to be executed over three years. Saudi Aramco has yet to confirm the contract award. In late 2021, Saudi Aramco also awarded three new contracts to McDermott for engineering, procurement, construction, and installation (EPCI) projects. Under this deal, McDermott will provide EPCI of four drilling jackets and seven oil production deck modules in Saudi Arabia’s Zuluf, Ribyan, Abu Sa’fah, and Safaniyah fields located in the Arabian Gulf.

05, Jun 2022 The contract covers the strategic long-term development of ADNOC’s Umm Shaif field and is part of the company’s plan to boost oil production capacity to five million barrels per day by 2030 Abu Dhabi National Oil Company (ADNOC) announced Wednesday that it had awarded a $946 million engineering, procurement, and construction (EPC) contract to National Petroleum Construction Company (NPCC). The contract covers the strategic long-term development of ADNOC’s Umm Shaif field and is part of the company’s plan to boost oil production capacity to five million barrels per day by 2030. The EPC contract, named Long-Term Development Plan – Phase 1 (LTDP-1), was awarded to NPCC after a tender process and covers the engineering, procurement, fabrication, installation and commissioning activities required to maintain Umm Shaif’s 275,000 barrels per day crude oil production capacity, increase efficiencies and enhance the field’s long-term potential.  “This important award for the long-t

May 7, 2019 His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Darren W. Woods, Chairman and CEO of Exxon Mobil Corporation (ExxonMobil), met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and business-related developments of mutual interest. The discussions coincided with a joint visit to review the progress of the over US$ 30 billion (AED 110 billion) expansion taking Upper Zakum to a production capacity of 750 thousand barrels per day (mbpd) and 1 million barrels per day (mmbpd) respectively, with the latter planned for 2024. ADNOC is leveraging mutually beneficial partnerships to drive new commercial opportunities and expand its portfolio across the upstream and downstream sectors, to enable the UAE’s socio-economic development objectives. H.E. Dr. Al Jaber said: “Our partnership with ExxonMobil going back 80 years reflects the strong, de

November 14, 2017 Abu Dhabi National Oil Company (ADNOC), ExxonMobil Abu Dhabi Offshore Petroleum Company Limited and Japan’s INPEX Corporation (INPEX), announced today, on the side lines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), an agreement to increase production capacity from the Upper Zakum oil field to 1 million barrels per day by 2024. The agreement was affirmed at a ceremony attended by H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Chief Executive Officer of ADNOC Group, Darren W. Woods, Chairman and Chief Executive Officer of Exxon Mobil Corporation, and Toshiaki Kitamura, President and Chief Executive Officer of INPEX. Under the agreement, ExxonMobil and INPEX have been granted a 10-year extension for the concession, which was due to expire on December 31, 2041, until December 31, 2051. H.E. Dr. Al Jaber said: “ExxonMobil and INPEX, alongside our other partners, have played an important role in the development of our oil and gas

April 30, 2018 The Abu Dhabi National Oil Company (ADNOC) has signed an agreement appointing JODCO Lower Zakum Limited, a wholly-owned subsidiary of Japan’s INPEX Corporation (INPEX), as the asset leader for Abu Dhabi’s Lower Zakum concession area . The agreement, which was announced on the second day of a visit to the UAE by His Excellency Shinzo Abe, Japan’s Prime Minister, was signed by H.E. Dr Sultan Ahmed Al Jaber, ADNOC Group CEO and member of Abu Dhabi’s Supreme Petroleum Council, and Toshiaki Kitamura, President and Chief Executive Officer of INPEX. In February, INPEX was awarded 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession. At the same time the company’s stakes in Abu Dhabi’s Satah and Umm Al Dalkh concession were extended for 25 years. INPEX also maintained its 40% stake in Satah and increased its Umm Al Dalkh share from 12 per cent to 40 per cent. H.E. Dr Al Jaber said: “At ADNOC, we place great importance on our strategic partnership with INPEX. This

September 5, 2022 Abu Dhabi National Oil Company (ADNOC) today announced, the award of a $548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The award will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day (MMSCFD), supporting ADNOC’s plans to enable gas self-sufficiency for the United Arab Emirates (UAE) and cater for increasing global energy demand. The Engineering, Procurement and Construction (EPC) contract was awarded by ADNOC Offshore to National Petroleum Construction Company (NPCC) after a competitive tender process. Over 75% of the award value will flow back into the UAE economy under ADNOC's In-Country Value (ICV) program and job opportunities will be created for UAE Nationals by the contractor, providing them practical exposure in executing EPC contracts. The new pipeline will cater for the increased volume of associated gas produced by Lower Z

March 18, 2018  Total has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC). In the frame of these agreements, Total is granted a 20% participating interest in the new Umm Shaif & Nasr concession and 5% in the Lower Zakum concession , effective March 9th, 2018, for a total participation fee of 1.45 billion dollars, which represents an access cost of around 1 dollar per barrel of reserves. These interests bring to Total a production of 80,000 barrels of oil per day in 2018. Located about 135 and 65 kilometers off the coast respectively, Umm Shaif and Lower Zakum are two of the major fields offshore and counting for around 20% of Abu Dhabi production. In addition to the huge oil reserves and the potential to grow oil production beyond 450,000 barrels per day (including Nasr – the present production being at around 300,000 barrels per day), Umm Shaif also c

11/12/2018 Total and Abu Dhabi National Oil Company (ADNOC) have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play that spreads over 6 000 km2 to the west of the prolific ADNOC Onshore concession, in Abu Dhabi. The concession allows for two exploration and appraisal phases for a period of up to 7 years, followed by a 40 year development and production period. Total will operate the exploration phase of this new concession with a 40% interest, while ADNOC will hold the remaining 60% interest. In case of positive exploration, this multi-Tcf opportunity will be developed in stages in line with the growing gas demand in the UAE and potential export opportunities. This agreement is a result of close cooperation between ADNOC and Total towards identifying ways of unlocking the unconventional gas potential in Abu Dhabi, Total bringing its expertise, personnel and technical know-how. “We are pleased to be the first international

November 11, 2020  The Abu Dhabi National Oil Company (ADNOC) and TOTAL, announced today, the delivery of the first unconventional gas from the United Arab Emirates (UAE). The unconventional gas was delivered from the Ruwais Diyab Unconventional Gas Concession located 200 kilometers west of Abu Dhabi city. This achievement marks a significant milestone towards future full field development and is an important step towards ADNOC’s target of producing 1 billion standard cubic feet (scfd) of gas from the concession before 2030, ultimately enabling gas self-sufficiency for the UAE. First gas from Ruwais Diyab comes just two years after ADNOC and TOTAL signed the region’s first historic unconventional gas concession agreement. In addition, this initial production milestone marks the first time an unconventional gas development in the Middle East delivers gas to pipeline so early in the project timeline. The accelerated progress was made possible by the strong commitment and collaboration b

21 August 2020 Tuna-1 ultra-deep water exploration well in block AR/TPO/KD/C26-C27-D26-D27, 100 percent TPAO equity, drilled with 6th generation drillship ‘’Fatih’’ which was purchased in 2018 by TPAO. Entire block is 7000 square kilometers. The well, which was drilled in 2115 meters of water depth reaching a final total depth of 4525 meters, encountered more than 100 meters of natural gas bearing reservoir in Pliocene and Miocene sands.  According to detailed Tuna-1 data collection and geophysical studies, the prospect has a potential of 11 trillion cubic feet (approximately 2 billion barrels of recoverable oil equivalent) of gas which represents the largest discovery in Turkish Exclusive Economic Zone and entire Black Sea. This exploration success will give a major boost to Turkey’s economic growth by supplying natural gas for decades.  Melih Han Bilgin, TPAO’s Chairman and CEO said ‘’TPAO will immediately start acquiring 3D seismic in the entire license and appraise the field exten

OCTOBER 25, 2021 Mexico Pacific Limited LLC (“MPL”), developer of a North American LNG export project (“MPL LNG Project”) based in Puerto Libertad, Sonora, Mexico, announced today that it has entered into a collaboration agreement with ConocoPhillips LNG Licensing LLC and Bechtel, working with Techint S.A. de C.V., to advance the global energy transition and to assist in lowering greenhouse gas emissions by pursuing innovative lower carbon LNG design solutions for the MPL LNG Project future phases. The MPL LNG Project was chosen as the greenfield project for this world class initiative. The MPL LNG Project’s strategic location on the West Coast of Mexico will, by itself, result in lower greenhouse gas emissions due to shorter transit to Asian markets as compared to many other Gulf of Mexico and Pacific Basin LNG producers in addition to lower greenhouse gas emissions resulting from the use of leading technologies. The collaboration will seek to further reduce baseline emissions by exp

15 Oct 2021 Subsea 7 today confirmed the award of a major1 contract by Turkish Petroleum for the Sakarya field development offshore Turkey in the Black Sea. The award was announced on a redacted basis on 29 September 2021 and the contract was recorded in the backlog of Subsea and Conventional in the third quarter. The contract is awarded to Subsea 7 and Schlumberger, as part of a consortium. The integrated project scope of the engineering, procurement, construction, and installation (EPCI) contract will cover the subsurface solutions to onshore production, including completions, subsea production systems (SPS), subsea umbilicals, risers and flowlines (SURF) and an early production facility (EPF). The scope of work to be executed by Subsea 7 comprises the EPCI of the subsea pipelines and associated equipment to connect the subsea wells in approximately 2000 metres water depth to the EPF. The project includes the provision and installation of infield flowlines, control umbilicals, tie-i

26 Jun 2017 EnQuest confirms that first oil from the Kraken development was delivered on 23 June 2017. During the initial rampup period, the 13 wells that have been drilled and completed to date, comprising 7 producers and 6 injectors, are being brought online in a phased manner, to maximise long term productivity and value. EnQuest CEO, Amjad Bseisu said: “EnQuest is delighted to confirm that first oil has been achieved on the Kraken development, delivered on schedule and under budget. Drill centres 1 and 2 are fully complete and work continues on drill centre 3; as a result, further production capacity will come online into 2018 as these further wells are put onstream. Kraken is a transformational project, made possible by EnQuest’s differential capabilities; the right mix of integrated technical capabilities, high levels of efficiency and cost discipline. With production from Kraken, EnQuest is moving from a period of heavy capital investment, to a focus on cash generation and del

17 Feb 2017 The Kraken Floating Production Storage and Offloading (‘FPSO’) vessel arrived at the field on Monday 13 February, anticipating good weather conditions. The hook up of the Submerged Turret Production (‘STP’) buoy mooring system, to the FPSO was completed on 15th February and a full rotation test performed so that the vessel is now on station and securely moored. Commissioning work will continue on the topsides. Reconstruction of the turret area pipework and connection of the risers and umbilicals to the swivel stack is being undertaken followed by commissioning of the subsea infrastructure. Delivery of first oil in Q2 2017 is on track.

7 September 2018 Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or “the Group”) today announced that its Armada Kraken Floating Production Storage and Offloading (“FPSO”) vessel has been issued with the final acceptance certificate (“Final Acceptance”).

6 Sep 2019 Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or “the Group”) today announced its wholly-owned subsidiary Armada Oyo Limited (“AOL”) has entered into an agreement with Century Energy Services Limited (“CESL”) for the sale of the Armada Perdana FPSO for a consideration of USD40 million (“Purchase Price”). CESL plans to redeploy the vessel to another field in Nigeria.

4 October 2017 The technology group Wärtsilä today announced it has been awarded a turn-key contract with Hamina LNG Oy to supply a liquefied natural gas (LNG) receiving terminal to be built in Hamina , Finland. The scope includes site filling, soil refurbishment, civil works, infrastructure, full containment storage tank with a combined net volume of 30 000 m3, regasification and gas metering, BOG (boil-off gas handling) system, electrical and control system, unloading, loading system and bunkering and truck loading. The LNG terminal is scheduled to be operational in August 2020. The port of Hamina will be the first LNG receiving terminal in Finland connected to Finnish gas grid, offering security of supply to gas customers. When the terminal is operational, LNG can be delivered very quickly also to major harbours in Finland by using trucks. “We wanted to create a terminal infrastructure which would provide bunkering for vessels as well as diversify the country’s sources of gas supply

6 October 2022 Commissioning of Hamina LNG’s terminal has been completed and Hamina LNG has started to provide services to terminal users. The cooldown procedure and commissioning tests of the systems and equipment were successful. Hamina LNG provides LNG storage services with a storage capacity of 30 000 m3 and regasification and injection services into the Finnish gas transmission network with a daily capacity of 4 800 MWh. Other services include LNG truck loading, vessel unloading and loading, and vessel bunkering. The Hamina terminal is the first LNG import terminal in Finland connected to the transmission network. With the current regasification and injection capacity, approximately 1,7 TWh of natural gas can be injected from the terminal into the transmission network annually.