Month May 2016

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Abu Dhabi said to delay building Fujairah LNG-import plant

04.05.2016|Bloomberg
Abu Dhabi is indefinitely delaying construction of the first land-based facility for importing LNG into the United Arab Emirates after it contracted a floating suplly terminal.
EmiratesLNG LLC (a JV of two Abu Dhabi government-owned investment companies) is looking at other options for the planned onshore facility in the U.A.E. port of Fujairah.
Abu Dhabi has the world’s 7th-larget reserves of both oil and gas. Even so, it’s among Middle Eastern oil producers seeking greater gas supply to run power plants and industries amid rising growth. Kuwait and Dubai, the U.A.E.’s second-largest emirate, both import LNG via floating terminals, and Oman is in talks to buy gas by pipeline from Iran. The U.A.E. is also building four nuclear power plants, with the first to start next year.
“The U.A.E: is facing a crunch in gas supplies for power until the country’s nuclear plants come online,” Robin Mills, CEO at consultant Qamar Energy in Dubai, said “The floating terminal will help bridge the gap. They’re casting around for options for EmiratesLNG to see if it still makes sense”.
EmiratesLNG plans to build an onshore facility in Fujairah capable of importing 9 million tons of gas a year. Using the plant to store or resell LNG cargoes would allow Abu Dhabi to make use of any excess capacity. EmiratesLNG was planned for completion in 2018.

Icelandic company moves forward with expansion drilling project at Reykjanes geothermal field

04.05.2016|Renewable Energy World
Iceland-based geothermal developer HS Orka recently signed a contract for drilling of an approximately three-mile, high-temperature well at the Reykjanes geothermal field on the southern peninsula of Iceland. The company signed the contract with Iceland Drilling, which, according to a statement from HS Orka, will use its biggest drilling rig for the project.
HS Orka said the well is intended to be the country’s deepest and hottest geothermal well, with temperatures up to 500 degrees Celsius. Drilling operations are scheduled for the second half of this year. The company added that the purpose of the project is to demonstrate the possibility of harnessing deep hydrothermal high enthalpy reservoirs in order to augment the current conventional geothermal fields. To that end, Iceland Drilling will extend HS Orka’s existing 1.5 mile well at Reykjanes to the target three miles. HS Okra said that it will work with its projet partners to develop new technology that potentially will use the superheated steam to increase the output of the existing facility at Reykjanes.

DNV GL-led project gives green light for wind-powerd oil recovery

03.05.2016|World Oil
Houston-The DNV GL-led WIN WIN Joint INdustry Project (JIP) shows that for suitables fields, wind-powered water injection is technically feasible, capable of meeting performance targets, and offers a cost-competitive alternative to conventional water injection soluctions.
For the past year, participants from both the renewable and oil and gas industries have worked together in the DNV GL-led WIN WIN JIP to develop the concept of using floating wind turbines to power a water injection system in detail, and assess its technical and commercial feasibility. Technical and operational aspects, as well as costs hae been assessed. The JIP partners include Exxon mobil, ENI Norge, Nexen Petroleum UK Ltd., Statoil, VNG Norge, PG Flow Solutions and ORE Catapult.
Analyses of system performance examining site specific cases from JIP partners have shown that WIN WIN is able to meet the operator’s key performance requirements such as injection volume targets, as well as reliability and minimized downtime.
The cost for wind powered water injection have been comapared with a conventional alternative, where water is injected via a flow line from the host platform. While the WIN WIN technology has higher operational expenditures (OPEX) compared to a conventional alternative, the significantly lower capital expenditure (CAPEX) means that it compares favourably over the long term. WIN WIN is therefore a commercially competitive alternative in a range of cases, particulary when host platform capacity is limited or injection wells are located far away.
To develop the concept further, a next step would be to test critical subsystems in a small scale physical set-up. The key objective would be to gain assurance that the components integrated in this configuration will offer satisfactory performance over time, with a variable power input. A potential phase 2 of the JIP is being explored with some of current JIP partners.