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Offshore oil and gas news

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Covid-19: Offshore oil and gas rigs working skeleton crews during lockdown

Oil rebounds on hopes of strategic stocks build-up Upstream Asian corporates to delve deeper into U. Comment: why running Centrica might not be as bad a gig as you'd think Evening Standard Apr Natural Gas.

PetroChina makes new major onshore discovery Kallanish Energy Gas fields 'seven times' more polluting than estimate, think tank says The Sydney Morning Herald Natural Gas in the Americas. Valeura Energy says oil, gas output in Turkey's Thrace region to continue despite outbreak Daily Sabah Apr Business Wire Press Release Apr Shale Gas. Exclusive: U. Decision delayed on fracking firm's Woodsetts drilling appeal Rotherham Advertiser 8-Apr Follow your favourite topics Save your publication preferences.

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With crude prices plummeting to 20 year lows and a local industry in shambles, Texas oil regulators are contemplating the unthinkable: cutting statewide…. The EIA expects U. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.

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Airlines Be Nationalized? Royalty Relief Amid Price Collapse. Is it True? Not necessarily eliminate Covid in a few weeks or months.

Covid19 is part of that war. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect"?

Most Popular. Domestic Swt.The three largest oilfield service companies in the world were dealt financial blows after a deal between OPEC and other nations failed to raise crude prices out of record lows. Opponents of OPEC-style oil quotas in Texas insinuated that some drillers are supporting output reductions for selfish reasons. By subscribing, you agree to our Terms of Use and acknowledge that your information will be used as described in our Privacy Notice.

offshore oil and gas news

Saudi oil flooding the market before output cuts take effect. By all indications the taps are set to remain wide open until next month, when the cuts begin. Service companies take more hits as oil industry weakens. OPEC cut does little to calm Texas oil patch. Opponents of Texas oil output cuts question motives of backers. Sign up. Tenaris closes Baytown plant, 3 others; layoffs on the way. Singapore company's bid for LNG Limited fails to get financing.

Railroad Commission debate creates strange bedfellows. Still falling: Gasoline prices drop another 7 cents a gallon. Opponents of Texas oil output cuts say they'll be used to void contracts.

The inside story of how the price war ended. Plains cuts third of budget as pipeline operators feel market pressure. Drilling accident suspends controversial pipeline's construction. Saudi Aramco weighs pipeline stake sale to raise cash. Pipeline operators ask oil companies to stop production as storage fills up.

Power failure temporarily knocks out Valero's Three Rivers Refinery. Reports: Two workers test positive for coronavirus at Valero's Port CenterPoint continues to give natural gas customers a break. CenterPoint is cutting dividend, spending.

Electricity use declines in Texas, especially in early morning. Energy services. Houston oilfield service company lays off dozens in Oklahoma. Halliburton cuts executive pay, reduces some employee benefits.

Vallourec cuts pipe manufacturing jobs in North America. AMLO scores win after Mexico resists pressure from oil titans. Global deal to cut oil output in sight after Mexico signs up.

offshore oil and gas news

How Rick Perry bucked Congress's clean energy mandate.Offshore energy producing platforms in U. Researchers conducted a first-of-its-kind pilot-study sampling air over offshore oil and gas platforms in the Gulf of Mexico.

Gulf of Mexico, oil and gas facilities emit approximately one-half a teragram of methane each year, comparable with large emitting oil and gas basins like the Four Corners region in the Southwest US.

The effective loss rate of produced gas is roughly 2. Offshore harvesting accounts for roughly one-third of the oil and gas produced worldwide, and these facilities both vent and leak methane.

Until now, only a handful of measurements of offshore platforms have been made, and no aircraft studies of methane emissions in normal operation had been conducted.

Each year the EPA issues its U. Greenhouse Gas Inventory, but its numbers for offshore emissions are not produced via direct sampling. The study identified three reasons for the discrepancy between EPA estimates and their findings:.

Offshore oil and gas platforms release more methane than previously estimated

The findings were published today in Environmental Science and Technology. Eric Korta U-M associate professor of climate and space sciences and engineering, said EPA officials are already making adjustments to correct their count of offshore platforms operating in the Gulf of Mexico. But emissions estimates, particularly for shallow waters, still need adjustments. In addition, those shallow-water discrepancies warrant further investigation, Kort added, since deep water facilities may be sending some of the oil and gas they produce via pipeline to others located closer to shore.

Tubes along the wings of the plane drew in air that was pumped to the equipment for analysis of the amount of methane included as well as wind speed.

NewsHour Weekend preview clip: Israel develops offshore natural gas reserves

Circling a single platform gives researchers a better idea of how much methane that single source is emitting. In addition to 12 individual facilities, the flights also covered larger geographical areas. Flying downwind from clusters of 5 to 70 oil and gas facilities, and taking similar measurements, researchers can evaluate how well inventory estimates compare with large numbers of platforms. As a pilot study, Kort said the research is promising but has gaps. Greater statistical sampling and identification of the cause of high emissions can guide mitigation and improve reported emissions.

To further the work and fill in these gaps, new aerial sampling is in the works funded by the Alfred P. Sloan Foundation. Our leadership, world-class facilities and global impact are enabled by those who share our passion.

Empower the next big thing from this department. Eric Kort.Workers on OMV's Maui A platform are sacrificing being with their families, staying offshore for a month at a time while they work to keep gas flowing during the Covid crisis.

The Pohokura rig. Photo: Supplied. Staff levels on Maui A off the Taranaki coast have been cut from 65 to 10, and no one is stationed on Maui B. Staff numbers at the onshore production station have dropped to as few as three people. Maui Operations manager Warwick Smith said the field's operator OMV had also ditched the day roster for its offshore workers in favour of a four-week turnaround as it attempted to maintain physical distancing between staff.

Shift rotations were being kept separate and staff were required to undergo health screening before going offshore. They recognise that this is an essential business, but also that they are willing to be flexible which is fantastic.

Some of them will have young families and some will have family members who need additional help. Smith said this was normally a busy time for projects and maintenance, but once the situation with Covid had become clear operations were scaled back to core production. He said those that were no longer required for rotations on Maui A were working from home, put on standby or had been let go.

The campaign using the Archer Emerald rig was considered too risky because it included managing shift changes involving a large international workforce. Designed to extend the life of the Maui field, the in-fill work had been suspended for an initial three months. The COSL Prospector rig, which is contracted to Austrian-based OMV, has just completed drilling the Toutouwai-1 exploration well off the coast of Taranaki, the results of which are due shortly, and was set to drill Maui-8 next.

The Gladstone-1, off the coast northwest of New Plymouth, and Tawhaki-1 in the Great Southern Basin were unsuccessful, leaving Toutouwai-1, which is north of the existing Tui field, the last hope from this season's programme.

Offshore from Waitara, another OMV operation - Pohokuram which produces about 40 percent of New Zealand's gas - was in the midst of a scheduled maintenance shutdown as the lockdown approached. Senior operator Todd Lindsay said the team doing offshore pipeline maintenance work based on the Norman Baltic faced the biggest challenges. It's been very challenging for them. Lindsay said the automated nature of the Pohokura production station and platform, which were run remotely from an office in New Plymouth, was a bonus when the lockdown came into force.

It was set up like that to minimise the health and safety risks to personnel by not having personnel on the plant and running it remotely," he said.

In response to the Covid crisis the operators had been divided into two teams of three, one group operating from New Plymouth and one from the production station. The future of offshore oil and gas exploration in New Zealand in doubt after OMV announced today it is postponing drilling its Maui-8 exploration well indefinitely due to the Covid crisis.

A New Zealander who spent 18 years working in a senior position on oil rigs says he and others, were snubbed and foreign workers favoured for jobs in Taranaki. Drilling for oil and gas in deep seas off the south east of the South Island has turned up no significant find for the Austrian-based oil giant. Security officers have begun to dismantle a 'history of oil museum' erected by protesters in the entrance of OMV's New Plymouth headquarters.

New Zealand RSS. Follow RNZ News. Tags: energy Taranaki. Important health information.Exxon Mobil Corp. ExxonMobil contribution supports pantry boxes for emergency support.

Rapid design and deployment of reusable personal protection equipment for health care workers. It adapt amid the worst oil-price rout in decades. ExxonMobil is looking to significantly reduce spending as a result of market conditions Quebec unveils Cryopeak as one of the four proponents qualified at the end of the call for projects. Saudi Arabia is delaying the release of its closely-watched monthly oil-pricing list until later this week as the kingdom spars with Russia over a potential meeting.

Company announced that Mark Weinberger has been appointed as an independent member to its Board of Directors. Gearing ratio of Global producers that would aim to halt the collapse in crude. Board of chairman expressed his appreciation to Gould for his dedication and invaluable contributions to the Board.

State oil producer An agreement between Saudi Arabia and Russia for record oil-production cuts was endangered late on Thursday. Vienna time. Brent crude futures rose 1. Mexico refused to participate in the curbs and left the meeting without approving the deal. President Donald Trump resolved an overnight impasse. Doctors working at a makeshift migrant and refugee encampment along the US-Mexico border. Trump is using coronavirus fears to further anti-immigrant policies.

A broader agreement seeking a 15 percent drop in global crude production.

offshore oil and gas news

Mexico purchases medical supplies from China, ventilators from Denmark. However, delegates from the Organization of Petroleum Exporting Countries said they were unaware of the terms of the deal. Speaking at a press conferenceMost activist shareholders have refrained from challenging the boards of U.

Texas oilman Mike Shellman has kept his MCA Petroleum Corp going for four decades, drilling wells through booms and busts and always selling his crude to U. Oklahoma oil regulators on Tuesday agreed to meet on May 11 to hear from state energy producers urging officials to use their authority to limit crude output in times of economic hardship. Texas energy regulators are scheduled on Tuesday to hear from dozens of energy executives on an initiative calling for the state to mandate an output cut to stem the sharpest oil price drop in decades.

Global debt is expected to increase significantly over the next year, the top economist of the International Monetary Fund said on Tuesday, while moratoriums on debt payments and debt restructuring may need to be continued as the world economy emerges from the coronavirus pandemic lockdown. President Donald Trump, who critics say was slow to act to slow the spread of COVID, accused the World Health Organization of concealing information about the coronavirus at early stages costing what he said were "thousands" of lives.

Gavino Garay has more. New York City, the hardest hit U. Markets Home U. World Home U. Breakingviews Home Breakingviews Video. Wealth Home Retirement. Activist hedge fund Starboard pounces on U.

Offshore oil and gas platforms release more methane than previously estimated

Korea's March crude imports fall 2. Oklahoma oil regulators set May 11 hearing on oil cuts. Deals of the day-Mergers and acquisitions. Texas hearing on oil production curbs stirs hornet's nest. Debt levels expected to sharply increase instabilize as economies recover - IMF.

New York City posts sharp spike in coronavirus deaths after untested victims added. Trump says close to plan to reopen economy possibly, in part, before May 1. Former aide accuses Biden of sexual assault, campaign denies it.


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