Technology:
Senex plans to invest $1 billion in the natural gas industry
Senex has announced that it will offer $1 billion to boost the natural gas industry.
Senex today announced that it will invest more than $1 billion in Queensland, which will significantly boost domestic natural gas supplies and improve Australia's energy security.
The Australian Petroleum Production and Exploration Association (APPEA) has welcomed the significant expansion of Senex's Atlas and Roma North gas development projects in the Surate Basin, Queensland, which have increased gas production to 60 petajoules (PJ) per year.
APPEA Acting CEO (Damian Dwyer) said: " This is a huge investment to help ensure the future of Australian energy and ensure that local gas flows continue to manufacturers, homes and businesses.”
The significant investment helps start work in the coming weeks and deliver the expected first gas to the domestic market within two years.
Mr Dwyer said: " Given the scale of the investment, 60 PJ a year is equivalent to the electricity consumption of more than 2.7 million households per year.”
"The recent pressure on energy systems suggests that more investment like Senex is needed to ensure the supply and investment needed for Australia's energy security."After several recent massive, more reliable and cheaper coal power cuts, challenges in coal supply chains, stagnant renewable energy developments and the global energy market, safer, more reliable and cheaper gas supplies have become more important."" This also highlights that industry has been, and will respond to, any concerns about energy security, and further highlights the key importance of developing new natural gas resources.”
The accelerated response from the oil and gas industry confirms the industry's growth and opportunities, and emphasizes that natural gas will play a key role for a long time to come."Senex's natural gas production has increased to 60 PJ per year, representing 10% of the East Coast's annual natural gas consumption and about 40% of Queensland's annual natural gas consumption.
"Senax has cast a $1 billion vote of confidence in the future of natural gas, which will bring in more supplies, more security and more jobs, and deserves to be congratulated."The investment will provide more than $200 million to local businesses and regions, creating more than 200 jobs during construction, and another 50 permanent jobs.
Mr Dwyer added that the supportive investment setting would make Australia more competitive in the global markets, which would open up important opportunities for further industry investment.
"This fully demonstrates how important the right investment policy setting is at a time when Australia continues to move towards a cleaner energy future and support the quality employment and energy security that our country needs for the future.”
News:
The Gulf of Mexico oil pipeline is likely to restart today
Gulf offshore oil producers are struggling to resume production after a
pipeline damaged seven RIGS to stop operations. Reuters (Reuters) reported that the pipeline could be replaced before ending today. The Gulf of Mexico Mars and Amberjack pipelines that were closed earlier this week could restart today, Louisiana port official Chett Chiasson told Reuters on Friday.
The closure of the Mars and Amberjack pipelines on Thursday triggered a platform shutdown on seven platforms- -Shell, Equinor and Chevron, due to a leak at the Fourchon booster station. Production of an estimated 600,000 barrels a day was halted, according to Reuters.
Shell suspended production of three offshore RIGS in the Gulf of Mexico on Thursday, causing the closure of Mars, Ursa and Olympus, which totaled 410,000 barrels a day. Earlier on Friday, Chevron took the same approach, closing down three drilling RIGS in the Gulf of Mexico with a total capacity of about 134,000 barrels a day. Chevron said on Friday that the company was reopening the platforms. On Thursday, Shell announced a production suspension and said that repairs could be completed by Friday, though no estimates of resuming production were given at the time. The shutdown could increase tensions in the U. S. crude oil and refined oil markets, which has been forced to use its strategic oil reserves to drive prices down at petrol stations. U. S. crude oil inventories are 5% below the five-year average, and production is 900,000 b / d below the pre-COVID-19 peak. Crude oil prices fell 1.56 percent as of 1:25 EDT on Friday.
Service:
Desinib Energy was better than expected and looked outside Russia
French oil and gas service provider T echnip energy said on Monday that it expects to increase activity outside Russia this year as rising demand for liquefied natural gas (LNG) helped it achieve better-than-expected first-quarter profits.
Arnaud Pieton, its chief executive, said in a statement: " Despite the recent fluctuations in commodity and raw material prices, the attractiveness of LNG, as an inherent flexible energy source, has improved and market opportunities are accelerating.”
Demand for LNG is soaring, which Moscow calls it "a special military
operation" when Western buyers stop buying Russian fuel after the invasion.
Desinib Energy said it has been working hard to "take appropriate measures" on ongoing projects in Russia, including its Arctic LNG 2 development project.
Project delivery contributed 1.3 billion euros (US $1.4 billion) in revenue in the first quarter, of which 445.4 million euros came from the Arctic LNG 2.
The company said it expects to be able to fulfill its Arctic LNG 2 contract without violating Western sanctions.
Desinib Energy (Technip energy) said in March that it would give up new business opportunities in Russia and exclude projects under construction in Russia from its prospects. At the end of March, 3.41 billion euros in the company's adjusted order backlog of 15.63 billion euros was related to the ongoing Russian project.
The group, focusing on engineering and technology in the energy industry, announced an adjusted recurring profit before interest and tax (EBIT) of 107.3 million euros, beating the analyst consensus estimate of 100.9 million euros provided to the company.
($1 = 0.9282 euros) (Valentine Baldasari and Diana report on MandiaEditing by Tom Hogg and David Goodman)
Equipment:
Saipem received a $900 million deal for the non-companion natural gas project in Angola
The Italian oilfield services company Saipem has received three new engineering and construction contracts, one onshore contract, and two Angolan offshore contracts.
Saipem said the contract was signed with the new gas consortium of Azule Energy, a recent joint venture between BP and Eni, Angola, Chevron and totalenergy, which recently reached a final investment decision on the Quiluma and Maboqueiro gas projects. Notably, this is the first non-associated natural gas project in Angola.
The Saipem, with a total value of approximately $900 million, is responsible for engineering, procurement and construction, including connection and commissioning assistance for the Quiluma platform and associated onshore gas treatment plants.
The company added that this demonstrates customer trust for Saipem in carrying out complex projects in technology and logistics that meet local content and the highest environmental sustainability standards.
Saipem noted that this was a particularly important project because it was the first non-associated natural gas project in Angola.
Participation in the above development plan in the Lower Congo Basin will provide more international and domestic LNG gas volumes, consolidating Saipem's strategic positioning in West Africa and Angola, where the company has worked for more than 40 years.
For the Quiluma and Maboqueiro projects, Eni holds 25.6% as an operator, Chevron affiliate CABGOC 31%, and Sonangol 19.8%, while BP and totalenergy hold 11.8% each.
The project includes two offshore wellhead platforms, an onshore natural gas treatment plant, and a connection to the Angola LNG plant to sell both condensate and natural gas through the LNG goods. Project implementation activities will begin in 2022, and the first natural gas project is planned in 2026, with an expected production capacity of 330 million cubic feet / day during the platform period.
