Your weekly oil and gas insights 20/02/2023
Inside Oil & Gas
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Equinor has, on behalf of the Sn?hvit partnership, awarded Aibel a major contract for Hammerfest LNG modifications in connection with the Sn?hvit Future project. The contract is subject to governmental approval of the project.
Aibel has been awarded an EPCI contract that involves engineering, procurement, construction and installation of two new processing modules related to the onshore compression and electrification of the Melk?ya plant. They will also build a new receiving station for power from shore and carry out integration work at the plant.
The contract is an option in the FEED contract (front-end engineering and design) awarded to Aibel in September 2020.
“Aibel has been one of our main suppliers for Hammerfest LNG since the start-up in 2007. They know the plant well, have set up a local department in Hammerfest, and have solid experience from other major modification projects on plants while on stream. I therefore have high expectations of them doing a good job safely. This contract will have major ripple effects locally, regionally and nationally,” said Mette H. Ott?y, Equinor’s chief procurement officer...
bp leans into convenience and mobility across US
BP Products North America Inc., a wholly-owned indirect subsidiary of BP p.l.c. has reached an agreement to purchase TravelCenters of America, one of the country’s leading full-service travel centre operators. The acquisition, which is subject to regulatory and TravelCenters of America shareholder approval, will be for $1.3 billion in cash.
TA’s strategically-located network of highway sites complements bp’s existing predominantly off-highway convenience and mobility business, enabling TA and bp to offer fleets a seamless nationwide service. In addition, bp’s global scale and reach will, over time, bring advantages in fuel and biofuel supply as well as convenience offers for consumers.
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?It will provide options to expand and develop new mobility offers including electric vehicle (EV) charging, biofuels, renewable natural gas (RNG) and later hydrogen, both for passenger vehicles and fleets...
Unity develops first additive manufactured well control component
Unity, Europe’s largest provider of well integrity solutions, is developing a new additive manufactured lightweight gate which can be retrofitted to Xmas Tree gate valves to remediate seal integrity issues in low-pressure wells. The new technology is a result of a collaborative research and development project with Net Zero Technology Centre and Spirit Energy.
The gate has been designed as a solution for late life, depleted and shut-in offshore wells, where the tubing head pressure is too low to effectively seat the gate and seal the well. Unity’s patented design reduces the weight of the gate by around 60%, while retaining its intrinsic strength and would save operators in the region of ￡250,000 per well by replacing a single surface component rather than the complete well control package.
?A full replacement of bespoke, low-pressure wellhead equipment would also require significant downtime, so this new solution offers the opportunity to rapidly remediate the issue and minimise associated production loss...