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Offshore Energy Today
Offshore Energy - Fossil Energy: Home of Energy Transition ?? Connecting energy security with sustainable solutions ??
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Several developments have come to light since our previous newsletter edition, thus, we have included our top picks below, which show that oil and gas exploration and production go hand in hand with decarbonization. However, the pace of the transition to a low-carbon economy is believed to require some fine-tuning to speed things up.
?One of the events that marked the past few days was the restart of production at TotalEnergies ' North Sea natural gas project, which came more than four and a half years after the production at Denmark’s largest natural gas field was stopped to embark on extensive redevelopment.
Nicolas Terraz, President of Exploration & Production at TotalEnergies, commented: “We are pleased to restart the Tyra hub, one of the most technologically advanced offshore gas installations in the world. The success of this major redevelopment project owes a lot to the commitment of our teams, our partners and our contractors. The new Tyra leverages state-of-the-art digital solutions and technological innovations to produce more efficiently and with 30% lower greenhouse gas emissions than the former facilities. Importantly, the resumption of gas production from Tyra improves Europe’s security of supply."
?One of the countries working on amassing different energy sources to bolster its domestic production and diminish and eventually cut off its reliance on imported energy is Türkiye. To this end, the country plans to scale up its exploration efforts to find more oil and gas resources. In line with this, further drilling activities in the Black Sea are planned in 2024 while the country continues to make use of coal and enrich its energy mix with renewable energy and nuclear power.
“We are searching for natural gas in the Mediterranean and the Black Sea with our Fatih, Yavuz, Kanuni, and Abdülhamid Han drillships. Thank God, we made the largest natural gas discovery in the history of the country in August 2020. In this field, which we call the Sakarya gas field, we have now produced natural gas used in the homes of 1.4 million households. This is just the beginning. Hopefully, we will increase our production there. We strive day and night for this. We are working day and night to find other discoveries in the Black Sea and other places, hopefully in 2024,” highlighted Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources.
?A deal with Enauta for a partial stake in two oil fields offshore Brazil will enable Westlawn Americas Offshore (WAO) , part of Westlawn Group , to open its Latin American oil and gas chapter.
?A new FPSO construction milestone has been achieved for a vessel that will work offshore Angola for Azule Energy , a joint venture between bp and エニ . The Angolan player sees this development as a sign of the oil sector’s resilience in the country.
?Jean Paul Prates, Petrobras ’ CEO, recently pointed out that domestic energy sources were the path to “a fair energy transition” while emphasizing the oil and gas sector’s “fundamental part” in structuring the energy transition and leveraging it on a large scale. Petrobras’ CEO is adamant that everyone’s goal should be emissions reduction, without competition between technologies, thus, the world needs to seek ways to combine the best technologies and energy sources based on each location.
? PETRONAS has extended the assignments with Velesto Energy Berhad for three jack-up rigs, which will continue drilling activities offshore Malaysia.
?Milestones like the one Noble Corporation has tucked under its belt thanks to a digital emission-monitoring tool on all 29 active rigs are seen as a step in the right direction to accelerate the decarbonization engine and shape a more sustainable future.
? Energean is closing in on a 30-year production license for a string of gas discoveries, which form part of a phased development offshore Israel. The sanctioning of the project is anticipated this year.
??Meanwhile, the stark realities of fire risks on offshore platforms have been brought home last week by an incident at Perenco 's platform offshore Gabon. Initial reports indicated that two workers were injured and five were missing in the aftermath. However, the most recent reports show that five have died and one person is still missing.
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While progress has been made in making work on oil and gas platforms safer, this tragic incident has once again sparked debates about the right way to get workers ready for such high-pressure emergencies and the responsibilities of operators in training their staff to face such events.
??For more recent news, check out these headlines and visit our website:
Thanks for reading this newsletter and stay tuned for our next edition!
Kind Regards,
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Senior Editor at Offshore Energy Today
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