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Equinor to increase gas exports to supply the European market.

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Equinor to increase gas exports to supply the European market. Image: Equinor
Equinor to increase gas exports to supply the European market. Image: Equinor
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Equinor and its partners have received permission to increase gas exports from two fields on the the Norwegian continental shelf to supply the tight European market. Production permits for the Oseberg and Troll fields have each been increased by 1 billion cubic meters for the gas year starting 1 October.
Already in June, Equinor took steps to evaluate and develop concepts for enhancing the production and exports to the European market. This work resulted in enhanced production permits from the Ministry of Petroleum and Energy for the Oseberg and Troll fields.

Specifically, Equinor and its partners have received production permits for the gas year 2021 which for each is 1 bcm higher than for the current year, i.e. an increase from 5 bcm to 6 bcm for Oseberg and from 36 bcm to 37 bcm for Troll.

“The production permits allow us to produce more gas from these two important fields this fall and through the winter. We believe that this is very timely as Europe is facing an unusually tight market for natural gas. At Equinor we are working on measures to increase exports from our fields on the NCS,” says Helge Haugane, senior vice president Gas & Power.

Ramping up at Troll

After 25 years of significant gas exports from Troll, around 50% of the gas is left in the ground. To further develop the Troll-area and reinforce our ability to secure gas deliveries to Europe in the coming decades, Equinor has recently completed the Troll Phase 3 project.

Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap with industry leading low CO2 emissions, are estimated at as much as 347 billion standard cubic metres of gas. Total recoverable gas volume remaining in Troll is estimated to be 715 billion standard cubic metres.

“Now we are ramping up production at Troll following the completion of the Phase 3 project, and we expect to reach plateau production from 1 October. We take pride in being a long-term, reliable supplier of energy and we are happy that we have been able to identify ways to export as much as practically possible into this tight market,” says Helge Haugane.

Troll phase 3 will extend the life of Troll A and the Kollsnes processing plant beyond 2050, and the plateau production period by 5-7 years.

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Maritime

NYK delivers new LNG carrier LNG Endeavour to TotalEnergies

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NYK delivers new LNG carrier LNG Endeavour to TotalEnergies. Image: NYK Line
NYK delivers new LNG carrier LNG Endeavour to TotalEnergies. Image: NYK Line
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The liquefied natural gas -LNG carrier LNG Endeavour, commercially managed by France LNG Shipping, a French ship-owning company jointly owned by NYK and Geogas LNG, and under a long-term charter contract with TotalEnergies Gas & Power Ltd, was delivered. The vessel was built in Korea at SAMSUNG HEAVY INDUSTRIES Co., Ltd., Geoje, Korea.

The LNG carrier is equipped with a WinGD X-DF diesel engine that can operate on fuel oil or boil off gas stored in its cargo tank. The vessel has a cargo tank capacity of 174,000 cubic meters and a membrane-type tank that will make use of advanced insulating materials to reduce the boil-off rate i.e., percentage of gas volume that vaporizes during navigation.

<Vessel Particulars>

Length overall: about 293 meters
Breadth: about 45.8 meters
Gross tonnage: 115,408 tons
Main engine: X-DF diesel engine
Cargo tank capacity: about 174,000 cubic meters
Shipbuilder: Samsung Heavy Industries Co. Ltd.
Flag: France

NYK released the NYK Group ESG Story, which aims to further integrate ESG principles into the company’s management strategy and promote activities that contribute to the achievement of the SDGs (Sustainable Development Goals) through the company’s business activities. To strongly promote ESG management, the NYK Group will encourage new value creation as a sustainable solution provider through a business strategy that includes the transportation of LNG, which is expected to be a low-carbon bridging fuel prior to the transition to future zero-emission fuels.

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Maritime

Subsea 7 awarded new contracts in Brazil

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Subsea 7 awarded new contracts in Brazil. Image: Subsea 7
Subsea 7 awarded new contracts in Brazil. Image: Subsea 7
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Subsea 7 has announced a very large award by Petrobras for new long-term day-rate contracts for the pipelay support vessels -PLSV Seven Waves, Seven Rio and Seven Sun. The contracts will be recorded in backlog in the fourth quarter.

Each contract comprises a firm three-year period and a subsequent one-year option. Seven Waves will commence the new contract in the first quarter 2022. Seven Rio will commence the new contract in the second quarter 2022. Seven Sun will commence the new contract in the third quarter 2022. Before commencing the new contracts, each vessel will undergo minor modifications requiring a short shipyard stay and modest capital expenditure.

The remaining period of Seven Waves’ and Seven Rio’s current contracts with Petrobras will be transferred to Seven Seas which will be deployed to Brazil in 2022.

Daniel Hiller, Vice-President Brazil, said: “We value our long-standing relationship with Petrobras and these new contracts reflect well on our track record of delivering successful PLSV activities in Brazil, achieving high standards of safety and a strong operational performance.”

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Environment

MOL, MAN ES and MES-M sign Memorandum of Understanding

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MOL, MAN ES and MES-M sign Memorandum of Understanding. Image: MOL
MOL, MAN ES and MES-M sign Memorandum of Understanding. Image: MOL
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Mitsui O.S.K. Lines, Ltd. -MOL; President & CEO: Takeshi Hashimoto signed the Memorandum of Understanding with MAN Energy Solutions -MAN ES; CEO: Dr. Uwe Lauber; Headquarters: Augsburg and Mitsui E&S Machinery, Ltd. -MES-M; President: Ichiro Tanaka; Headquarters: Chuo-ku, Toky, to target the signing of purchase contract of an ammonia fueled main engine which is currently under development by MAN ES.

Ammonia is one of the top candidates as next-generation clean fuel that does not emit carbon dioxide. MOL addresses environmental issues in accordance with the “MOL Group Environmental Vision 2.1”, and continually strives to achieve net zero GHG emissions by 2050 and to deploy net zero emissions ocean-going vessels within the 2020s. MOL aim to order ammonia fueled main engine, a pioneer engine of net zero emission vessels aligned under this agreement, and to contribute to the realization of a decarbonized society.

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