All Industries News

Cairn eyes FPSO for Senegal find, (http://www.upstreamonline.com/live/1396860/cairn-eyes-fpso-for-senegal-find)

Cairn Energy is favouring a floating production, storage and offloading unit to develop at least one of two oil discoveries it made off Senegal last year, according to a drilling partner. The UK independent is planning a fresh drilling programme off the West African country to begin in the fourth quarter, with appraisal and exploration wells in the offing, according to Australian junior Far Ltd. Cairn struck oil at both the Fan-1 and SNE-1 deep-water wildcats on the Sangomar Deep licence last year. Far said a first phase work programme to evaluate the discoveries will include two appraisal wells on SNE-1, with at least one exploration well likely to assess the Shelf prospect. With SNE-1 - which had targetted the Shelf Edge prospect and which struck 36 metres of net oil pay witha gas cap - being the most attractive find, this will be the focus of the upcoming drilling campaign. However, the partners - which include US giant ConocoPhillips - will also further evaluate Fan-1 and conduct a new round of seismic over part of the contract area, including a portion of the Sangomar and Rufisque blocks. Far has estimated the total cost of the upcoming drilling programme to be $150 million.

Ukraine opens gas sector to investors with anti-monopoly law, (http://www.ft.com/cms/s/0/db4e4afa-ded5-11e4-852b-00144feab7de.html#axzz3XBEMhQKX)

Ukraine’s parliament approved a law on Thursday intended to break monopolies and lure badly needed investment into the country’s lucrative but opaque natural gas sector. Approved by a majority of almost two-thirds, the “natural gas market law” aims to boost competition and transparency in one of the most troubled sectors of Ukraine’s recession-battered and war-torn economy. Described by one lawmaker as a “moment of truth” demonstrating parliament’s determination to break the longstanding hold of oligarchs over Ukraine’s politics and economy, the new law brings Ukraine’s gas market into line with the EU’s Third Energy Package, which aims to boost competition in the energy sector. The legislation is also a key step in the Kiev leadership’s goal of loosening Moscow’s grip on the economy and strengthening economic ties with the EU. Under the legislation, Ukraine will unbundle the financially stretched state gas conglomerate Naftogaz into separate production, transit, storage and supply businesses. Running vast deficits due to past rent-seeking arrangements and subsidised gas sales to households, Naftogaz has been a huge drain on the nation’s cash-starved budget. Its restructuring, along with recent gas tariff hikes towards market levels, are intended to boost transparency and are key conditions of a $17.5bn bailout granted by the International Monetary Fund in March.

Noble, Edison in Falklands well switch, (http://www.upstreamonline.com/live/1396866/noble-edison-in-falklands-well-switch)

Noble Energy and its partners have decided to defer drilling of a well in the South & East Falkland basin, but the US independent and Edison International have committed to a wildcat elsewhere in the region following a farm-in deal. Instead of drilling a second well in the southern basin, Noble, Edison and Falkland Oil & Gas (FOGL) will spud a probe on the Humback prospect in the North Falklands basin, FOGL said. Although the partners “remain fully committed” to exploration in the South & East Falkland basin and “still firmly believe in its prospectivity”, FOGL said Humpback is considered “the prime ‘play-opening’ well”. “It is an important test of concept, in terms of evaluating the Cretaceous deep-water fan play and the presence of oil within the Fitzroy sub-basin,” the London-listed player said.

Ithaca cheers final Stella flows, (http://www.offshoreenergytoday.com/ithaca-completes-final-well-test-at-stella-field/)

Ithaca Energy has wrapped up the flow test of the fifth and final development well at its Stella field in the UK North Sea. The 30/6a-A3Y development well was drilled to a total depth of 14,267 feet, with a 2137 foot gross horizontal reservoir section completed in the secondary Ekofisk chalk reservoir. Ithaca carried out a series of flow tests over a five-day period, with the well producing at rates of up 7172 barrels of oil per day, with a gas/oil ratio about 1850 cubic feet per barrel. “The results of the Ekofisk well further de-risk forecast cashflows from the Stella field and the high oil content of the well is encouraging for maximising liquids production during the period when the FPF-1 facilities will be operating at plateau gas production rates,” Ithaca chief executive Les Thomas said. “We are also encouraged that there is further upside potential for reserves development in the Ekofisk formation." Ithaca noted on Monday the five development wells at the Stella field had achieved a combined maximum clean-up flow test rate of more than 53,000 boepd.

EXCLUSIVE WORKSHOPS ON  ASSET INTEGRITY MANAGEMENT!

As part of the world leading Asset Integrity Management Summit taking place 25-28 August 2015 in Singapore, Ahmed Said Kotb from ADMA-OPCO will be leading a workshop on the topic of Ensuring Successful Implementation of an Asset Management System for Major Oil and Gas Projects.

Also, Ulrich Schneider from KTN AS will be presenting a workshop of the Advances in In-line Inspection Technologies for Pipeline Integrity. 

If you are keen to find out more about the workshops and the Asset Integrity Management Summit, please email us @ enquiry@equip-global.com

The value of projects relating to ports in the Gulf region, which are under execution and those not-yet-awarded is US$30 billion, with $8.6bn alone being in the UAE. New facilities are being created as the Government invests in new projects, industrial output rises and imports edge up with the economic growth in the country. Equip Global recently interviewed Mr. Ashraf Mabrouk, Former Khalifa Port Harbour Master, Abu Dhabi Port Company & Currently General Manager of UAE Shipowner Association on his perspectives on port expansion & dredging trends as well as project developments in UAE.

To access this interview article and also the world's leading Dredging Event Agenda, log on to http://www.equip-global.com/download-form?product_id=19&download_id=90

Advanced Project Document Control Masterclass Returns to Singapore!

Document Control is critical to asset intensive industries such as manufacturing, construction and energy. Effective Document Control is key to Capital Project Success and succesful processes can allocate risks and control a project value chain effectively.

If you are responsible for document control and is keen to find out more about how you can implement project document control measures/strategies make sure you attend the Advanced Project Document Control Masterclass which will take place 3-5 August 2015. For more information, email enquiry@equip-global.com 

Cloud-Based Security Solutions becoming incrasingly important for SCADA End-Users!

Demand for cloud-based security solutions is one key trend emerging in this market. End-users prefer cloud-based security solutions because
they are cost-effective and can be easily managed. Best practices in utilizing Cloud-Based Security Solutions to counter cybersecurity threats will be discussed at SCADA World Summit 2015, taking place 8-11 September in Singapore.

To find out more, email enquiry@equip-global.com 

World Leading FLNG Process Engineering Training Course comes to Singapore, 18-22 May 2015!

Equip Global’s 5-day FLNG Process Engineering training course has been specially designed to help you walk through the FLNG production facility from upstream infrastructure, gas treatment to liquidation process. It will pin point key FLNG process design issues and considerations taking in to account aspects such as the uncertainties of the wellstream composition, operating environment, hull size, weight control, layout planning, process optimization and impact of vessel motions.   

Keen to find out more? Email us @ enquiry@equip-global.com 

An impressive list of European technology designers and manufacturers are heading out to Singapore next month to ride the wave of Asian exploration and production success in the world leading Subsea World Summit 2015, 26-29 May.

Keen to find out more about the event? Email us @ enquiry@equip-global.com 

Best Practices for Asset Integrity Management!

An effective Asset Integrity Management program is a prerequisite for the continued safe and profitable operation of any oil and gas company. The importance of the issues in asset integrity and inspection management cannot go overlooked as oversight in these areas hold the potential for major incidents causing safety, environmental and fiscal risks.

Equip Global recently interviewed Mark Hillier, Asset Integrity Inspector, Husky Energy, Canada on his about Asset Integrity Management latest trends, challenges and how to overcome them. He will also highlight best practices for maintaining the integrity of assets within tighter budgets in a period of falling oil prices, and how to overcome people challenges in implementing an AIM program.

Log on to http://www.equip-global.com/download-form?product_id=104&download_id=89, to access the interview.

AEMS Asia Pacific Recently Concluded its Singapore Edition! Hear what attendees has got to say:

• "AEMS has now established itself as the leading Airfield Engineering & Maintenance Event Globally" - Airfield Civil Head, Oman Airports Management Company

• "Excellent Platform & Event for Learning & Networking Opportunities" - General Manager, Airports Vanuatu

• "Lots of interesting insights on best practice airfield maintenance strategies and techniques" - General Manager, Abu Dhabi Airports Company

• " Best Event I have Attended on Airfield Engineering & Maintenance" - Airside Civil Department Head, PT ANGKASA PURA I (PERSERO)

• " I make it a point to attend every year despite over 40 hours of flight because this event gives you so much in terms of variety of topics, new knowledge and serious networking opportunities. Miust-Attend Event! - Distinguished Research Associate, NASA

Email us for information on the next AEMS Summit! Email enquiry@equip-global.com 

AEMS Asia Pacific 2015 draws to a close on the 27 March 2015!

Already established itself in various regions and seen as the NUMBER 1 airfield event globally, Airfield Engineering & Maintenance Summit - APAC 2015 was once again successfully held in Singapore last March, drawing airports from around the region to look at the most pertinent airfield engineering and maintenance challenges and proven solutions. If you missed out on the last event, then make sure you register early for our next edition, taking place 8-11 September 2015 in London UK!

Email us @ enquiry@equip-global.com for more details about the event and discounted rates.

Exclusive interview with Erik Broos, Project Manager, Port of Rotterdam!

Equip Global's done a special interview with Mr. Erik Broos, Project Manager, Port of Rotterdam in which he shared his perspectives on how best to overcome common challenges Quay Wall Design & Construction

To access this interview article and also the world's leading Dredging Event Agenda, log on to http://www.equip-global.com/download-form?product_id=19&download_id=87

The Singapore Government announced in 2008 that it was to deliver a number of new projects to develop its MRT System by 2020. In all, the developments include: Two new lines and two extensions to existing lines - The Thomson Line (TSL) and Eastern Region Line (ERL) together will add 48km to the rail network; High speed rail line between Singapore and KL by 2020; Major renewal/maintenance programme to oldest lines and in January 2013 the Land Transport Authority 

The World's Leading Rail Engineering & Maintenance Summit Series come to Singapore this coming November, as Asia embarks in a series of high-value maintenance programs and engineering works for its rail infrastructure. For more information on the event agenda, please email enquiry@equip-global.com 

Prefabrication & Modular Construction Global Summit Series comes to China Next Month!

Equip Global's world renowned modular construction summit series will take place in Shanghai China, 14-17 April 2015. Expect to hear from and meet leading modularization players including CNOOC, COOEC, CNPC, COSCO, Total, Sinopec, Wison Offshore, Qingdao McDermott Wuchuan, Samsung C&T Corporation, Bechtel, Encryo Engineering, SWS, L&T Engineering Services amongst many others at the leading modular construction event of the year!

Visit http://www.equip-global.com/prefabrication-amp-modular-construction-china-summit-2015 for more details

FMC Technologies Sponsors World Leading Produced Water Management Summit in Singapore!! 

Produced water is an industry challenge which affects the whole production process. The produced water handling system is a key part of most production facilities. If the discharge requirements are not met, there may be a significant environmental and economic impact. Furthermore, produced water can take up valuable space in the oil transport lines, reducing the amount of oil that can be produced.

FMC Technologies can offer a complete range of separation technologies to handle the produced water. Our equipment covers the whole range from bulk separation of water from the well-stream to the final polishing of the water to meet the most challenging regulations for discharge. This includes compact technologies for both new build production processes as well as for retrofit into existing infrastructure.

To find out more about the 2016 Produced Water Management Summit taking place 1-4 March 2016 in Singapore, please email enquiry@equip-global.com 

Joint ventures (JVs) have long been a staple of doing business in the upstream oil and gas industry. Oil and gas companies typically use JVs as a means to share risk or to bring special skills to an exploration and production project on an equity basis.

Whether the JV is mandated because of the often massive capital requirements of oil and gas projects or because of local-source requirements in many countries, its use has only grown in recent years. The complexity and sensitive nature of JV transactions requires a financial management solution that can meet the unique needs of upstream oil and gas operations. Further complicating this challenge is the transition to a single, unified global accounting standard with the implementation of the International Financial Reporting Standards (IFRS). 

Understanding the concerns E&P companies face, Equip Global has brought its world leading JV Accounting IFRS Training Course Series to Singapore, 13-17 April 2015. To find out more, email us at enquiry@equip-global.com 

Bumi Armada orders Dyna-Mac FPSO Topside Modules

Singapore’s Dyna-Mac has secured a Letter of Award valued at S$60 million for the construction of 6 units of FPSO topsides modules for Malaysia’s Bumi Armada.

The topsides FPSO modules are scheduled to be delivered progressively to the owner within the first quarter of 2016. The FPSO will be capable of crude oil production rate of 80,000 barrels of oil per day (bopd) with a storage capacity of 1,800,000 barrels and 120,000 barrels per day (bpd) of water injection and 120 million standard cubic feet per day (mmscfd) of gas handling capacities.

If you are keen on FPSO Topside Design, Layout, Processing, Equipment Layout or Piping Stress Analysis Training Courses, email us at enquiry@equip-global.com to find out more about global FPSO Training Event Series

Be Sure to Focus On Operational Excellence!

Upstream companies should remain focused on operational excellence for structural as well as cyclical reasons. Many hydrocarbon provinces have moved into the mature stages of their life cycle. Likewise, production facilities reaching the end of their economic if not their technical life spans require modifications and increased maintenance. The widespread application of infill drilling, water-flooding, and enhanced oil recovery schemes has increased activity levels and associated operating costs.

Keen to hear best practice case studies globally on Operational Excellence for the Oil & Gas Industry, make sure you attend Equip Global Operational Excellence in Oil & Gas Summit taking place 19-22 October 2015. Email us @ enquiry@equip-global.com 

Sophos has inaugurated its new shared services center (SSC) in the Philippines to address the growing demand for security solutions and services across the Asia-Pacific region and globally.

An integral part of Sophos’ technical support organization, the Metro Manila-based center complements the company’s existing global network of support centers located in Australia, Canada, France, Germany, Japan, Italy, Spain, the UK and US in providing dedicated, round-the-clock and highest level of support services to their customers.

Click here to access more information on HR Shared Services Training Courses

"Key benefits of modular construction include improved safety, compressed schedules, shorter onsite duration, less field labour required and minimization of weather related delays."
– Alberto Sanchez, Worley Parsons.

If you like more to receive more information about best modular construction practices, click here

"Common challenges of modular construction in China include multinational execution, complying to codes and standards, materials management, shipping logistics and dealing with media/public relations"
– Wang Junfeng, Fluor China.

If you like more to receive more information about best modular construction practices, click here

"CFOs benefit from shared services shakeup as a growing number of organizations are rethinking the model and converting functional, back-office-focused shared-services centers to globally integrated business-services organizations that include end-to-end process support across such functional areas as human resources, procurement, IT, customer service and marketing."
– CFO Publishing LLC.

Click here to access more information on Finance Shared Services Training Courses

"Topsides builder Global Process Systems said it has loaded out the first of eight modules for the floating production, storage and offloading vessel being built for the Lam Son joint operating company in Vietnam."

– Upstream.

For more information on topside design training courses, email us at enquiry@equip-global.com

“Construction and engineering firm Transfield Services is the latest company to offshore back office roles, including transactional finance and HR jobs, to Asia, with 80 roles being moved as part of a $26.1 million in extra cost savings announced on Tuesday.”
- Financial Review.

"Tullow Oil plans to step up exploration drilling offshore West Africa over the coming months."
– Offshore.

For more information on FPSO events in Africa, email us at enquiry@equip-global.com