European Annual Gas Conference November 2020

2020-05-06
SAFE Bunker – An Evolutionary Step in Bunker Ship Design
SAFE Bunker – An Evolutionary Step in Bunker Ship Design

As we move into the second decade of the 21st century the LNG bunkering industry has seen significant growth and maturity, a trend which is expected to continue throughout the decade and beyond. This is achieved largely due to concerted efforts of the industry with regulatory bodies, equipment makers and academia, and have resulted in significant improvements in the design and operation of modern merchant ships, and in this case liquified gas carriers.

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2020-05-06
IEV awarded subsea inspection contract in Malaysia
IEV awarded subsea inspection contract in Malaysia

Singapore-listed IEV Holdings has been awarded an advanced inspection solutions contract for an oil and gas field off Malaysia. The deal was awarded through its 49 per cent-held associate, IEV Malaysia by an oil and gas producer. IEV will deploy ultrasonic scanner technology by a remotely operated vehicle (ROV) to inspect a subsea pipeline located at its offshore oil and gas field in Malaysia. The contract is worth US$1.5 million.

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2020-05-06
Saipem wins deal for gas pipeline project in Baltic Sea
Saipem wins deal for gas pipeline project in Baltic Sea

Saipem has been awarded a contract worth 280 million euro by Gaz-System for the transportation and installation of a natural gas pipeline between Denmark and Poland in the Baltic Sea. The Baltic Pipe Project is a strategic infrastructure project developed by a joint venture between Gaz-System and Energinet.dk and is co-financed by the European Union to create a new inter-European gas corridor that will supply gas directly from Norway to the markets in Poland, Denmark and neighbouring countries.

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2020-05-06
Total aims to get to net zero emissions by 2050
Total aims to get to net zero emissions by 2050

France’s Total announced its ambition to get to net-zero emissions by 2050 across its global business, production and energy products used by its customers. Through a joint statement developed between Total and institutional investors – as participants in the global investor initiative Climate 100+1 – Total said it would take three major steps towards achieving this ambition:

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2020-04-28
SDX Energy hits gas in Egypt
SDX Energy hits gas in Egypt

SDX Energy announced that it successfully flowed gas after drilling at its Sobhi discovery, on the South Disouq exploration permit, in Egypt’s onshore Nile Delta. From an initial review of the well-test data, SDX said that it is anticipated that when connected, the well will produce at an optimum stabilised rate of 10-12 mmscf/d which is in line with the nearby Ibn Yunus-1X producing well. The Sobhi well is expected to produce mostly dry gas as opposed to gas and condensate.

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2020-04-28
Sparrows achieves UKAS accreditation for global inspection services
Sparrows achieves UKAS accreditation for global inspection services

Sparrows Group has got a United Kingdom Accreditation Service (UKAS) accreditation for its onshore and offshore inspection activities. The global provider of specialist equipment and integrated engineering services achieved the UKAS certification to the ISO/IEC 17020 standard for its onshore and offshore inspection activities. The award followed a three-day audit at its Aberdeen headquarters.

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2020-04-28
BP and Hilcorp renegotiate terms for Alaska asset sale
BP and Hilcorp renegotiate terms for Alaska asset sale

BP announced that it is a commitment to completing the sale of its Alaska business to Hilcorp and that both firms have successfully renegotiated the financial terms of the deal to respond to the current environment. Under the revised agreement, the total consideration for the sale remains unchanged at $5.6 billion, subject to customary closing adjustments. However, the structure of the consideration and phasing of payments has been modified.

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2020-04-22
Shell aims to be a net-zero company by 2050
Shell aims to be a net-zero company by 2050

Royal Dutch Shell announced plans to become a net-zero emissions energy business by 2050 or sooner. In an update to investors, Shell said that that it will be taking a number of steps to reach these ambitious goals and outlined them during its Responsible Investment Annual Briefing.

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2020-04-22
BP supercomputer to aid global researchers to halt COVID-19
BP supercomputer to aid global researchers to halt COVID-19

BP is joining forces with the U.S.  government, leading universities and the world’s largest technology companies by providing access to its supercomputer to help researchers halt the spread of COVID-19. BP will donate its significant supercomputing capability to the public-private consortium formed in March 2020 by the White House’s Office of Science and Technology Policy, the U.S. Department of Energy and IBM.

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2020-04-21
Small Scale LNG Market Size to Reach USD 12.5 Billion by 2025
Small Scale LNG Market Size to Reach USD 12.5 Billion by 2025

Applications such as industrial & power, and the potential to transport LNG over long distances without the need for heavy investment like pipelines, push the growth of the small scale LNG market across the globe. Factors such as lack of funding for infrastructure in certain regions like the Middle East and Africa and high CAPEX demand, along with a long payback period, are expected to hamper the Small Scale LNG (SSLNG) market growth being studied.

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2020-04-15
Got a spare minute? Take the Gastech Insights content survey
Got a spare minute? Take the Gastech Insights content survey

At Gastech Insights, we want to know more about you so we have put together a quick 1-minute survey to discover your interests.

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2020-04-15
China’s Sinopec starts building storage tanks at Tianjin
China’s Sinopec starts building storage tanks at Tianjin

China’s Sinopec has started building storage tanks in the second phase of its Tianjin terminal project to receive liquefied natural gas (LNG), the company announced. The plan for the second phase is to have five LNG tanks, with storage capacity of 220,000 cubic metres each, and a new berth for LNG vessels. After the project is completed in end-2021, the LNG receiving capacity at the terminal will expand to 10.8 million tonnes per annum from the current 6 million tonnes.

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2020-04-15
Snam and RINA to accelerate hydrogen development
Snam and RINA to accelerate hydrogen development

Italy’s Snam and RINA, a global testing, inspection, certification and engineering consultancy services firm, have signed a Memorandum of Understanding to collaborate in the hydrogen sector. The agreement was signed by Snam CEO Marco Alverà and RINA CEO Ugo Salerno.

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2020-04-14
Gazprom moves ahead with gas production ramp-up and investments
Gazprom moves ahead with gas production ramp-up and investments

In an update on major investment projects, Russia’s state gas company Gazprom said it continues to ramp up production and gas transport capabilities. At the Chayandinskoye field in Yakutia, part of its Eastern gas programme, the company is setting up the facilities required to bring the field to its design annual output of 25 billion cubic meters of gas, Gazprom said in a statement.

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2020-04-08
Focus on Improved Energy Efficiency and Carbon Footprint Reduction to Power Sales of He...
Focus on Improved Energy Efficiency and Carbon Footprint Reduction to Power Sales of Heat Exchangers in North America and Europe

Replacement demand and energy sector investments forecast to fuel the long-term growth of the market, finds Frost & Sullivan Frost & Sullivan's recent analysis of the North American and European heat exchanger markets predicts that they will record a CAGR of 3.4% and 3.2%, respectively, from 2020 to 2025, with revenues reaching $4.7 billion for North America and $5.02 billion for Europe.

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2020-04-07
McDermott announces first gas on ONGC offshore project
McDermott announces first gas on ONGC offshore project

McDermott International announced that early first gas has been achieved on India's Oil and Natural Gas Corporation's (ONGC) 98/2 Block in the Krishna Godavari Basin, offshore India. Awarded in October 2018, the largest subsea project in India brings together leading subsea equipment and services to provide ONGC with end-to-end project delivery.

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