gas – Officer of the Watch

Russian Sanctions and the Negative Effect on Global Energy Security

April 16, 2014 by Officer of the Watch Leave a Comment

After a series of headline-grabbing statements about the possibility of “switching” European consumers over to American gas, the US media hastened to announce the launch of Obama’s oil and gas offensive against Russia. In reality the EU is not currently prepared, neither technically nor in terms of price, to buy its energy resources from the US. It would take at least ten years to adapt even the technically advanced German energy system to work with American gas supply. In a crisis, when it is particularly urgent to see a quick return on an investment, such projects are unrealistic.

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Filed Under: OOW FOCUS Tagged With: Commercial, energy market, gas, oil, Russia

Flammable Mists from Accidental Hydrocarbon Releases Offshore

April 9, 2014 by Officer of the Watch Leave a Comment

Offshore oil and gas installations store and process very large inventories of different hydrocarbon mixtures. The crude oil/natural gas is pumped from the seabed and separated by distillation at different pressures and temperatures. Therefore the installations need to heat and pressurise the crude, which requires further non-process hydrocarbons for fuel and to act as lubrication and heat transfer fluids.

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Filed Under: OOW FOCUS Tagged With: fire safety, gas, HSE, hydrocarbons, offshore, oil

NOPSEMA Annual Offshore Performance Report

April 9, 2014 by Officer of the Watch Leave a Comment

The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) released yesterday its 2013 Annual offshore performance report; a yearly stocktake of risk management by the Australian offshore petroleum industry.

Rosneft Starts Geophysical Surveys in Eastern Arctic

April 8, 2014 by Officer of the Watch Leave a Comment

Aerial gravity-magnetic surveys began at the Yuzhno-Chukotsky License Area in the Eastern Arctic to establish the field’s subsurface structure. Rosneft and ExxonMobil have agreed to a framework for jointly exploring six license areas in the Chukchi and the Laptev Seas, namely the Ust-Lensky, Ust-Oleneksky, Anisinsko-Novosibirsky, Yuzhno-Chukotsky, and Severo-Vrangelevsky 1 and 2 areas. Three airplanes carrying magnetometric and gravimetric equipment will by the end of 2014 survey all the six license areas with a total area of 440,000 square meters.

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Filed Under: OOW FOCUS Tagged With: arctic, ExxonMobil, gas, offshore, oil, Rosneft, Yuzhno-Chukotsky License Area

Faroe Petroleum Audited Preliminary Results for 2013

March 25, 2014 by Officer of the Watch Leave a Comment

Faroe Petroleum, an independent oil and gas group focused on oil and gas exploration and production in Norway, the Atlantic margin and the UK North Sea, announced today its audited Preliminary Results for the year ended 31 December 2013.

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Filed Under: OOW FOCUS Tagged With: Faroe Petroleum, gas, hydrocarbon exploration, offshore, oil, oil reserves

100 Billion Cubic Meters of Gas via Blue Stream to Turkey

March 13, 2014 by Officer of the Watch Leave a Comment

Yesterday at 11:00 am Moscow time the Blue Stream gas pipeline supplied its 100th billion cubic meter of Russian natural gas to Turkey. In 2013 gas supplies via Blue Stream had stood at 13.7 billion cubic meters of gas accounting for over a half of the total gas volume (26.7 billion cubic meters) exported by Gazprom to Turkey in 2013.

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Filed Under: OOW FOCUS Tagged With: Blue Stream, gas, Gazprom, offshore, pipeline, Russia

3D Animation of Oil and Gas Subsea Operations

November 10, 2013 by Officer of the Watch Leave a Comment

Filed Under: VIDEOS Tagged With: gas, oil, Subsea

Over-Engineering Safety?

September 17, 2013 by Officer of the Watch Leave a Comment

2013 marks the 25th anniversary of one of Britain’s most tragic oil and gas incidents. The explosion that destroyed the Piper Alpha production platform in the North Sea in July 1988, killed 167 men and changed the way that the UK approached industry safety altogether. The anniversary of this sobering event is causing the British oil and gas industry to evaluate the progress it has made in safety and risk over the past quarter-century, and the participants in a GL Noble Denton’s roundtable discussion that took place during last March 2013 offered strong views on how far the sector has come.

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Filed Under: OOW FOCUS Tagged With: gas, GL Noble Denton, incident, offshore, oil, risk, safety

Scottish Oil and Gas Boom

July 31, 2013 by Officer of the Watch Leave a Comment

The oil and gas sector is an important part of the Scottish economy. It is estimated to contribute around £25 billion to Scottish GDP, approximately 17% of the total in 2011. The sector is also a major exporter, with total UK production of oil and gas boosting the UK balance of payments by an estimated £40 billion in 2011. The growth of the oil and gas sector in Scotland has produced a wider supply chain to support the industry. There are estimated to be 2,000 companies in the oil and gas supply chain operating in Scotland, providing services to the offshore industry worldwide. In 2010, the Scottish supply chain generated sales of £16.3 billion, of which over £7.6 billion was accounted for by international sales.

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Filed Under: OOW FOCUS Tagged With: Commercial, gas, hydrocarbons, oil, oil reserves, Scottish Government, UK Continental Shelf

Gas Exporting Countries Gathered in Moscow for Influential Forum

July 9, 2013 by Officer of the Watch Leave a Comment

Members of the influential Gas Exporting Countries Forum (GECF) gathered in Moscow 1-2 July 2013. Long-term contracts and infrastructure projects were high on the agenda. The GECF is an international club of major natural gas exporters including Russia, Iran, Qatar, Libya and Venezuela. Exporters strive to guarantee the stability of gas supplies, open new markets for this clean energy source and provide a balanced risk sharing mechanism between producers and consumers.