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NOVAUGUST 2022 - ISSUE 2020 62

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GLOBAL ENERGY NEWS WORLD PROJECTS MAP MONTHLY THEME INNOVATION & TECH RENEWABLES CONTRACT AWARDS ON THE MOVE DECOMMISSIONING STATS & ANALYTICS LEGAL & FINANCE EVENTS

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Wellpro Group - EnerQuip Petrasco - NXG Drilling Services Rotech Subsea - EnergyVue VULCAN Completion Products Proserv - ROVOP

INNOVATIVE WELL SOLUTIONS ACROSS THE EASTERN HEMISPHERE Read on page 4

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COVER SPONSOR P.04 OGV COMMUNITY NEWS P.08 PEOPLE IN ENERGY P.10 GLOBAL ENERGY NEWS P.11 4

WORLD PROJECTS MAP P.20 MONTHLY THEME P.22 INNOVATION & TECH P.36

RENEWABLES P.40

CONTRACT AWARDS P.42 ON THE MOVE P.44 DECOMMISSIONING P.46 31

STATS & ANALYTICS P.48 LEGAL & FINANCE P.50

EVENTS P.51

KENNY DOOLEY MAIN EDITOR Welcome to the November edition of ‘OGV Energy Magazine’, where this month our theme is on ‘International Growth, and we are very excited to be travelling to the biggest and best energy event in the global calendar at ADIPEC in Abu Dhabi! ADIPEC never disappoints and we are thrilled to be supporting our clients with three events this year and will look forward to catching up with all of our partners and sharing their latest news at the event. Our front cover partner this month is Wellpro Group and you can read all about their thru-tubing, inflatable packer and well-intervention technology portfolio on pages 4 and 5.

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We also have contributions from Proserv, Enerquip, Petrasco Energy Logistics, NXG Drilling, Root 5 Group, ROVOP, Rotech, HFI and Sword Group The rest of this month’s magazine as always provides you with a review of the Energy sector in the North Sea, Europe, the Middle East, the US and Australasia along with industry analysis and project updates from Westwood Global Energy Group, the EIC and Renewables UK. Have a great month and we hope to see you there!

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COVER FEATURE

Innovative Well Intervention Solutions A Unique Team People are the cornerstone of our success. Sean McCluskey, our Middle East Regional Manager and Niall Murray, our Asia Regional Operations Manager, are amongst some of the industry’s longest-serving and most-highly experienced well intervention experts. Many of the team bring with them track records of 25+ years to our operations. These industry experts have played an instrumental role in developing the company; building and retaining the best well intervention talent as we continue to grow and diversify.

A Sustainable Future

Jim Thomson, CEO

Wellpro Group provides a complete thru tubing, inflatable packer and well intervention technology portfolio including operational design, project management, service, rental and sales. Since founding the company in 2018, Jim Thomson and Grant Forsyth have built Wellpro Group from the ground up, driving growth organically and via strategic acquisition activity. They now head a 50+ strong international workforce that is active across the Eastern Hemisphere.

What We Do Via industry-leading technologies and bespoke service, Wellpro Group covers intervention service portfolios, from challenging and non-routine field operations to in-house engineering and manufacturing solutions. As an independent provider, we can deploy the most cost effective - and innovative well intervention technologies available on the market covering the following portfolios: • • • • •

Thru Tubing Fishing and Milling Thru Tubing Inflatable Packers Well Isolation Well Abandonment Well Surveillance and Monitoring

www.ogv.energy I November 2022

Grant Forsyth, COO

Case study 1 Permanent Tubing Patch Milling and Retrieval When: 2021 Where: Offshore South East Asia

Objectives · Mill permanent tubing patch using nitrified fluid · Retrieve permanent tubing patch to surface

Challenges The permanent tubing patch is a primary method, widely used to isolate water production zones, especially in slim-hole wells. As the name implies, the permanent tubing patch is nonretrievable and presents a significant challenge when removal is required. No global records of permanent tubing patches demonstrated successful removal.

Results Wellpro Group achieved the first-ever operation to remove and retrieve a permanent tubing patch to surface without damaging the primary completion. The success was a result of the pilot mill bit design, in conjunction with upfront planning and careful execution.

We’re proud that our regional workforces are comprised of a large percentage of local personnel and we’re committed to the development of local talent that will carry the Wellpro Group reputation for outstanding service over the coming decades. This is exemplified by our recent appointment of two engineering graduates, based in Dubai and KSA, from where they are undergoing a competency training programme whilst gaining invaluable day-to-day operational training.

Service Diversification As part of the company’s strategic growth plans, Wellpro Group now designs and manufactures thru tubing and well intervention tools. In addition to facilitating accelerated market entry, this means we also have the ability to support clients’ bespoke operational requests and address the most demanding of challenges. To support and drive this growth we have recently hired Alistair Gill as Senior Design Engineer, based in Dubai. A Chartered Engineer with over 12 years’ experience in the oil and gas industry, he has been at the forefront of technology within various R&D departments and brings an extensive knowledge of both well completions and well intervention technology to the business.

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COVER FEATURE Case study 2 SSTP Deployment When: 2022 Where: Middle East

Objectives • Selective zonal treatment to isolate zones in steam injector wells • Deploy Single Set Treatment Packer (SSTP) on 1-3/4” coiled tubing • Inject over a 24hr period in excess of 2,000 bbls of treatment fluid

Challenges

Eastern Hemisphere Focus Wellpro Group demonstrated its commitment to the Middle East with the seven-figure acquisition of a Dubai-based thru tubing and rental provider. This was quickly followed by an organic startup in South East Asia, which has resulted in Wellpro Group becoming one of the leading well intervention companies in the region. We have grown across the Eastern Hemisphere to provide an agile, flexible response via our strategically-positioned facilities in the UK, United Arab Emirates, Kurdistan, Saudi Arabia, Malaysia and Thailand. Each location provides an established base of operations, workshop facilities and extensive rental equipment portfolios.

Providing Exclusive Access to Technology We are the provider of a number of technologies across the Middle East, North Africa and Asian energy markets, via strategic alliances with downhole technology developer and manufacturer Omega Well Intervention, and Australianbased manufacturer of inflatable technology, IPI Packers. In conjunction with Wellpro Group’s technical engineering support and service delivery via the provision of wellsite personnel, these agreements have created a highly responsive, complete well intervention solution for our customers, reducing costs and increasing service efficiency via a single source.

Operational challenges required passing our 2.125” OD packer element through a minimum restriction of 2.440” ID on the steam saver injection mandrel prior to inflating the element inside 3-1/2” tubing (2.992” ID) at +/- 2,700 ft with a BHT of circa 400oF.

Results The packer was set successfully and the target zone squeezed with custom-made 8.8 ppg treatment fluid, with a maximum pressure differential limit of 2,700 psi. After pumping a total of approx. 2,000 bbls of treatment fluid, the packer was unset with a straight pull of around 4,700 lbs and retrieved to the surface. Upon retrieval to surface and inspection, the packer was observed to be retracted completely back to the original 2.125” OD with no overpull observed while tripping back to surface through the minimum restriction. To date, a total of 21 similar jobs have been completed with 100% success rate resulting in tremendous savings and enhanced reservoir performance for our clients.

Wellpro Group at ADIPEC To find out more, visit Wellpro Group on stand CN24 www.wellprogroup.com

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members, government representatives and project decision makers. Stuart Broadley, EIC’s chief executive officer, said: “At these times, when energy supplies are tight and prices are high, the energy industry’s supply chain is doing its best to keep our lights on and our economies running. “Our members are acutely aware of the urgent need to ensure a sustainable supply of affordable energy with as little environmental impact as possible. It’s a herculean task given the current geopolitical and economic challenges, but everyone is working hard.”

Sustainable STATS Group pick up energy industry award STATS Group has been recognised for its commitment to a sustainable future in the Energy Industry Council (EIC) Awards.

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AGR ramps up consultant staffing division and opens new Oslo office to meet ongoing business growth AGR, a multi-disciplinary engineering consultancy and software provider, is to expand and grow the range of services provided by its consultant staffing division, with the opening of an office in Oslo to meet increased demand from new projects coming online in the oil and gas and renewables sectors. AGR Consultancy already has a network of offices in Stavanger, Aberdeen and Perth and collaborates with associated partners across the world’s main energy hubs.

Landmark Appointment Sees Company Reach Milestone A leading Aberdeen-based group of electrical companies has reached another important milestone on its corporate journey by welcoming its 50th employee to the team. Following news that turnover at AEL recently exceeded £10 million for the first time, the flourishing firm has now seen its headcount grow in a bid to meet rising demand for services across key global locations.

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The EIC is a leading 900-member trade association covering the global supply chain in oil and gas, power, nuclear and renewables industries. Pipeline technology specialist STATS collected the Sustainability Award at a ceremony attended by EIC

In the EIC’s Survive and Thrive insights report, Aberdeenshire-based STATS were said to “demonstrate innovative capabilities in helping organisations to save emissions while providing significant carbon price savings in the process”. The report said STATS recognised the need to properly evaluate where the company lay on the sustainability spectrum and how it could further shift the dial in order to reduce its own footprint, while also supporting the net-zero endeavours of clients.

Fugro wraps up surveys for RWE’s Dogger Bank South

ICR announces new senior appointment to head up Inspection and Integrity division ICR Integrity (ICR), has strengthened its leadership team with the appointment of Antonio Caraballo as Director. Antonio joins ICR to support the global growth of ICR’s inspection and integrity management business and reinforce the multi-skilled engineering team. An esteemed industry professional, in his previous role Antonio led the multidiscipline integrity management division for INEOS FPS while also acting as Pipelines Technical Authority. He has a strong track record of developing transformational change in organisations and processes.

Contract Wins for Microsoft 365 specialists Appetite for Business Appetite for Business, a niche Microsoft 365 provider who specialise in business improvement services is delighted to secure contract wins worth a six-figure value. The Appetite for Business team design, build and implements solutions and end user adoption to digitise, automate and transform business processes and ways of working. The company are delighted to have been awarded 2 separate five-year contracts to support North Sea Transition Authority the North Sea Energy transition regulator for SharePoint support and maintenance and SharePoint project services.

Fugro has finished fieldwork on a geophysical, geotechnical, and environmental site investigation contract for RWE Renewables’ Dogger Bank South (DBS) offshore wind farm and export cable routes. The array area covers approximately 1,000 square kilometres with over 100 kilometres of proposed export cable routes, resulting in a total survey scope exceeding 20,000 kilometres of survey lines. Fugro mobilised multiple vessels, such as Fugro Frontier and Fugro Searcher among others, to complete full coverage surveys.

STC Insiso acquires artificial intelligence (AI) product from Lloyds Register Aberdeen-based performance improvement specialists, STC INSISO, has acquired, for an undisclosed amount, the intellectual property and software of a revolutionary Artificial Intelligence (AI) product created through a successful joint venture partnership with Lloyds Register. COMET Signals, an AI driven tool that scans HSE data to deliver clear, immediate, and actionable insights, was co-developed by STC INSISO and Lloyds Register, the world’s premier trusted advisor to marine and offshore industry participants.

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Teledyne Gas & Flame Detection has brought together industry leading products from Detcon, Oldham Simtronics, GMI and select Scott Safety products to provide our customers with fixedpoint and portable gas detectors and controllers with proven reputations for quality and reliability.

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Our team of proactive recruitment professionals are experts in what they do. We specialise in providing robust workforce solutions and placing talent in typically hard to fill roles. So, whether you’re looking for your next job opportunity or need to hire technical talent to drive your next project, Energy Resourcing is here to help.

The role requires a lot of problem solving, researching and stakeholder engagement to ensure that finance, tax, legal and payroll legislation and requirements have been considered. It’s a great challenge and no two days are the same, for example I could be looking at compliant employment options to engage a Freelancer in France, to researching and providing solutions to support contingent labour for a new project in West Africa.

What are main barriers to international growth for ambitious companies and what advice do you have for them?

KAROLINE CHANDLER Global Agility Manager Energy Resourcing

Karoline has worked for Energy Resourcing for the past 7 years. Initially working for the Australian business as the Contractor Services Manager leading the contractor management function across Australia. Earlier this year Karoline moved into a Global Agility role working with Energy Resourcing offices around the world, creating key partner relationships to be able to provide clients with compliant contracting and employment solutions across the globe.

How did you get into the Energy sector and how long have you been working in it? I have been working in the sector for over 14 years. My career started as an immigration specialist in London, at the time I was representing several energy and engineering clients. My role involved managing their global assignees to the UK and developing HR practices to support international migration. In 2003 I decided to emigrate to Perth, Western Australia. I have worked in Account Management for recruitment specialists supporting stakeholders in the delivery of contingent labour solutions and contractor management to date.

What does your job involve on an average day? Working with the Energy Resourcing teams around the world, I help to facilitate compliant global employment solutions through our international offices and trusted partner network.

Sourcing and engaging contingent labour in a new country can be complex, especially navigating legislation and risks from a company and individual perspective. The last few years has been difficult to move talent globally, with international boarder closures and Covid-19 restrictions in place. Increased virtual working provided an opportunity for some people (who would normally work on contract overseas) to remain in their home country and to work virtually on assignments for international projects. This arrangement can work well, but for businesses without an entity in the person’s home country it can create difficulties. To engage international labour the assignment contract may need to look different to that of a traditional expat engagement. My advice would be, be open to exploring flexible or new assignment offerings, especially when engaging labour in a new country. Using an Employer of Record (EoR) or Professional Employer Organisation (PEO) could be a good solution to explore.

What has been the highlight of your career so far? I have personally really enjoyed mentoring and training. I have managed teams over the years, and it’s been very rewarding to watch those teams and my colleagues develop. I was working with a couple of graduates who were with the organisation for a few years, their professional and personal growth over that time was incredible to see. I still have the thank you cards, and positive feedback received on their leaving. Making a positive impact on the start of their career was personally very satisfying.

What ambitions have you still got to fulfil professionally in your career? I am currently working to complete a post graduate HR qualification which I hope to finalise by early 2023. My last assignment is a Capstone project and ties in perfectly with my Global Agility role at Energy

Resourcing. I am developing an internal framework, increasing competence through training, and working to continuously improve organisational capability within Global Agility. It is exciting to be working in this new dedicated role, helping support the group and our clients with solutions to fulfil their international project requirements.

Who has been the most influential person in your life professionally? I was mentored by a senior colleague early on in my career. She had exceptional people skills, which helped form a genuine connection on a professional and personal level. Using her extensive experience, working both client side and as a senior consultant in a professional services company, she was able to provide insight and valuable suggestions when problem solving. She would always encourage opportunities to learn and develop skills and had a genuine talent in mentoring people. I learned so much from working with her.

Over the next 10 years, what changes would you like to see in the energy sector with respect to D&I? The sector has come a long way to improving D&I but does require ongoing attention. There needs to be continued investment in the future workforce, providing opportunities for school aged children, to see and experience in the industry and the work that they do. Creating opportunities to explore the sector through work experience programs, internships, and scholarships, helping to remove barriers of entry, supporting STEM related subjects, and fostering inclusion and opportunities from an early age. Providing interesting programmes to showcase the industry and career opportunities with a real focus on diverse groups does make a difference. I have seen the positive impact that this has had with clients who have invested in good schoolbased programmes and internships.

Given the experience you have now, what advice would you give a graduate just starting his career in the Energy sector? If you are interested and given an opportunity to gain experience and try something new, take it. Learning across various aspects of the industry provides you with a greater breath of understanding and knowledge. Keep up to date with developments in the sector, a great way to do this is through networking amongst industry peers. It will help to build a professional network around you, plus give insight to what is happening in the market to stay up to date.

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NOVEMBER 2022

UK NORTH SEA

Energy Review By Tsvetana Paraskova

The new prime minister in the UK, the new offshore oil and gas licensing round, and news about drilling and development projects dominated the UK’s North Sea oil and gas scene this past month.

Offshore Energies UK (OEUK) welcomed Rishi Sunak’s appointment as the UK’s Prime Minister, saying it was a chance to refocus attention on the crucial issues facing the nation, including helping people pay their winter energy bills, and keeping the lights on in the face of Europe-wide gas shortages. “OEUK’s members are protecting the UK from many of the worst impacts of those shortages by producing energy for the whole nation. They will keep doing that in the tough times ahead. We work with politicians of all parties, now including Mr Sunak’s administration, and we look forward to meeting him and his team,” Deirdre Michie, OEUK’s chief executive, said. “When we do, we will be making a powerful case around the need for stability in the fiscal and regulatory regimes governing the UK’s offshore sector. The UK needs to secure billions of pounds for offshore investments if it is to keep producing the gas, oil and offshore wind, plus other low-carbon energies, needed for future growth and productivity, and especially for the transition to net zero,” Michie added. “The scale and longevity of that investment means it is critical to establish a sustainable and competitive fiscal regime in the timeframe of this parliament, to secure the UK’s energy future.” The North Sea Transition Authority (NSTA) launched in early October the 33rd Offshore Oil and Gas Licensing Round, inviting applications for licences to explore and potentially develop 898 blocks and part-blocks in the North Sea which may lead to over 100 licences being awarded. The licensing round opened on 7 October 2022 and will close on 12 January 2023. To encourage production as quickly as possible, the NSTA has identified four priority cluster areas in the Southern North Sea, which have known hydrocarbons, are close to infrastructure, and have the potential to be developed quickly – and will seek to license these ahead of others. Applicants will be encouraged to bid for these areas so they can go into production as soon as possible.

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“This licensing round includes gas discoveries in the Southern North Sea which can be rapidly tied back to existing infrastructure,” said Dr Andy Samuel, NSTA Chief Executive. “All developments undergo environmental and emissions assessments. As with good safety leadership, good environmental performance is good business. For example, we worked with industry to cut flaring again in 2021 by 20%, saving enough gas for 130,000 UK homes,” Samuel added. A week later, the NSTA offered an additional 34 Blocks in the Central North Sea and Southern North Sea in the 33rd Oil and Gas Licensing Round. The extra acreage is available following further consultation with the MoD. The licensing round will boost British gas supplies, sustain the UK’s energy industry, and strengthen plans for a low-carbon future, OEUK said. “There is no conflict between issuing new licences and reaching carbon neutrality. Our industry is committed to net zero and also to helping build the low-carbon energy systems of the future. But this is a journey that will take decades during which we will still need gas and oil,” Mike Tholen, OEUK’s acting chief executive, said. OEUK’s Emissions Report 2022 published in October confirms that the oil and gas sector is exceeding progress against its emission target with greenhouse gas emissions from the production, transport, and processing of North Sea hydrocarbons. Emissions in 2021 were down over 20% on the 2018 base-year, the lowest level in the history of the basin, and on track with industry targets for 2025 and 2027. Methane emissions in 2021 were down by 36% from the base year, while the basin’s methane intensity is on track to meet OGCI target. In 2021, CO2e emissions from offshore flaring and venting combined were down by 36% from the 2018 base year and by 19% from 2020. OEUK modelling suggests that the target of a 50% reduction in emissions by 2030 is within reach. “Continuous operational improvement will be central to delivering progressive emissions reduction. New investment in exploration and production will also help this process as it displaces older, higher emission resources,” Michael Tholen, Sustainability and Policy Director at OEUK, wrote in a foreword to the report.

UK NORTH SEA The NSTA published in October its third Wells Insight Report, in which the authority highlighted significant opportunities remaining in the UK Continental Shelf despite a continued low level of well activity in 2021. Oil and gas production offshore the UK remained low in 2021 compared to prepandemic levels, the report found. Prepandemic drilling operations were taking place in 141 wells in 2019. But last year drilling operations began on 66 wells, including five exploration, five appraisal, and 56 development wells, similar to levels recorded in 2020. Production totalled 480 million barrels in 2021, compared with 600 million in 2019. However, the current project pipeline and the new licensing round will boost drilling activity, the NSTA said. The regulator called for increased focus on infrastructure-led developments and well maintenance. “Amid the energy crisis, it is vital that North Sea industry works quickly to secure additional supplies of oil and gas, produced as cleanly as possible. That means drilling more new wells and restoring those which can be repaired,” NSTA Head of Technology Carlo Procaccini said.

In company news Neptune Energy and its partners announced in early October an extension of higher gas production from the Duva field in Norway, supplying enough gas to heat a further 550,000 UK homes per day.

Carlo Procaccini

In April, Norway’s authorities granted Neptune and the Duva licence partners a permit to temporarily increase gas production by 6,500 barrels of oil equivalent per day (boepd) until September. Under the new permit, the higher production rate will be maintained until the end of 2022. Duva is tied back to the Neptune-operated Gjøa platform, and the gas is transported by pipeline to the UK’s St Fergus gas terminal.

OEUK called on the government to unblock oil and decarbonisation projects to achieve the 2030 UK North Sea emission target.

Petrofac has been selected by Dana Petroleum to provide well management services for all its UK North Sea operated assets. These include both the Triton FPSO and the Western Isles FPSO (Floating Production Storage and Offloading) vessels in the North Sea. The new two-year contract, with options for extension, continues the existing five-year relationship, providing outsourced well engineering services to Dana’s 11 operated and 18 non-operated licences in the UK North Sea.

“Net zero is not to blame and is not at odds with security of supply. Much of the planned investment in UK renewable energy projects comes from North Sea oil and gas companies. It isn’t a case of either/or and placing net zero and energy security in opposition is a dangerous mistake,” NSTA Chairman Tim Eggar wrote in an op-ed in The Press & Journal in October.

Petrofac was also selected by Hartshead Resources to conduct an engineering study to define its Phase I offtake route from their Somerville and Anning gas fields. The study aims to define an efficient and fast route to increase the UK’s energy security by making the most of Shell’s existing infrastructure in the Southern North Sea.

“The UK offshore sector is ready and willing to meet this challenge but government actions on grid access, regulatory streamlining and business models are required,” Tholen concluded.

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The study will provide a basis for the design and cost estimate, and the brownfield modifications needed, to tie-in Hartshead’s proposed new facilities to Shell’s Corvette and Leman A platforms. From there the gas will be transported to Bacton for onshore processing and delivery to the UK’s transmission system. Cornerstone Resources signed in early October a binding farm-out agreement for its Abbey development and the nearby Baker low-risk exploration prospect. The farm-out is subject to regulatory approval which is anticipated in the next few weeks and Cornerstone will provide a further update then. Ithaca Energy announced its intention to list shares on the London Stock Exchange. Ithaca Energy, a UK independent exploration and production company, has a balanced portfolio between oil and gas assets in the North Sea, with gas representing around 35% of production in the first nine months of 2022. Ithaca Energy has access to flagship assets, with stakes in six of the top ten largest fields in the UKCS, including the two largest undeveloped discoveries, Cambo and Rosebank, to drive organic growth, it said. px Group, the operator of several critical energy infrastructure sites in the UK and Europe, announced on 18 October that it was awarded a long-term multi-year contract to operate the SEAL pipeline, a critical component of the UK energy supply and energy security. The contract was awarded to Energy24, a px Group business, by TotalEnergies E&P UK Limited, and px Group began taking on operations on 1 August 2022. Deltic Energy Plc announced that Shell UK Ltd, the operator of Licence P2252, indicated that the preparations are now underway to move the Maersk Resilient drilling rig to the Pensacola location. Mobilisation is planned to occur in early November with the well expected to commence drilling in mid-November. EnQuest has successfully concluded the refinancing of its debt facilities, after securing a $500-million reserves based lending facility, maturing in April 2027, and completing its offering of $305 million aggregate principal amount of 11.625% senior notes due November 2027. Commenting on the refinancing, EnQuest CEO Amjad Bseisu said: “The refinancing is an important milestone for EnQuest, extending our maturities whilst allowing us to continue with our goal of rapid deleveraging. It also provides us the runway to deliver on our strategy of optimising our upstream production to support energy security as well as leveraging our existing infrastructure for future opportunities.”

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1 Eric Doyle

By Eric Doyle

Recently we’ve been working with IT companies, we didn’t design it that way but from our recent experience, IT companies are pushing forward with the commercial side of Digital Transformation more than others. We met with an IT company that have done something interesting. They realised that the volume of digital change in the commercial world is vast and have taken steps to make sure they are at the cutting edge. They decided that they needed some fresh thinking and developed: ‘Project Latitude’. A project to analyse every element of what they do from ‘Proposal to Profit’. How they generate conversations, how they create demand, how they secure work, how they deliver work and how they convert conversations to cash flow. They selected a team of people from the organisation and selected a consultant and gave them remit to define this existing process and go out to the world and see what is going on. They looked outside their industry at what is coming and why change would benefit them. Best practise - New digital thinking Evolved methods - Sustainable Improvement This group were selected from a list of people who had volunteered to join a company changing project. They were then arranged to ensure cognitive diversity... ...if you want different ideas and results, you need different thinking and perspectives. The team comprises of people from Operations, HR, HSE, Quality, Product development, Infrastructure, Marketing, Operations, Finance and Sales They had a budget and were asked to map out every aspect of what they do in finite detail. In depth analysis and assessment of efficiency and effectiveness and how everything links together...or not. Marketing - Sales - Business Development CRM - Handover to Ops Project Delivery - Invoicing The first element of the project focussed on Sales, Marketing, BD and CRM. In each area they have sub areas, and they began to chart out how it all works and feeds into each area of the business.

YEAR AGO

- BRENT OIL PRICE 2021 - $80.67 They created a picture of their current process then began to question everything, considering current best practise and available knowledge. The project is still in its infancy, but the results are incredible, they have found areas of their business that are broken. A complete stop, reset and rewire of their commercial practises. The old ways of Sales, Marketing and BD against the new... The CEO told us…. “we’ve been locked in a way of working that we have carried with us from company to company for 30 years. Using pretty much the same models and expecting different and better results…. we have only now realised that everything has changed…everything except us…”. Project Latitude is allowing this company to look up, keeping their ‘heads on a swivel’ to see and evaluate the very best in what is happening and coming in their commercial world. They then take all of this and perform an in-depth review of costs, returns and ‘upheaval’. -removing the blockers to modern digital commercial developmentOften, we meet organisations who open by saying “we know we need to be doing a bit more on Social Media…”. ‘Doing a bit more on Social Media’ is an answer to the wrong question. Here are some relevant questions to be asking your team: • • •

How do we stay relevant and successful in an evolving digital world? How do we become the leading Technical and Commercial digital influencers in our sector? How do we become the leaders in our space in new Digital territories

Doing what you did before but doing more of it… won’t help Tinkering around the fringes of digital…won’t help The fact is its time to rethink every element of what you are doing commercially, and its needs a cross functional team input and drive with the support and knowledge from the board… redesigning and restructuring for growth in a new version of the world you once knew. We are inside the biggest and most profound evolution in business since the Industrial Revolution – we are in the middle of the Digital Revolution. Are you taking this seriously...? The battle lines for growth and success are drawn… regardless of your sector, they are in Digital.

Eric is a Co-Founder of Crux Consultancy Limited who train and coach cross sector B2B teams in the art and science of Strategic Social Media through Social Selling & Influence. www.consultcrux.com

The US announced they would be releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices. This move was done in parallel with many other major oil-consuming nations, including the UK government which would allow firms to release 1.5 million barrels of oil. It was believed this move would support global economic recovery.

YEARS AGO

- BRENT OIL PRICE 2017 - $61.25 OPEC and other major oil producers wrapped up a deal at the end of the month to extend output cuts through the end of 2018 as part of efforts to bolster prices. Despite a rise in oil prices many felt that extending output cuts, which were set to expire in March, was necessary to reduce ‘high stockpiles of oil’.

YEARS AGO

- BRENT OIL PRICE 2012 - $110.07 TAQA was in line to buy a number of BP’s North Sea assets for over $1.3 billion in a sign relations between the UK and Abu Dhabi were on the mend. This deal came weeks after the Prime Minister at the time, David Cameron, visited Abu Dhabi amid reports BP was set to lose its major role in the oil sector of the UAE because of strained relations between the two countries.

ENERGY NEWS

Europe

Energy Review By Tsvetana Paraskova

By Tsvetana Paraskova

Europe’s energy and gas supply ahead of the winter, concerns about the security of energy infrastructure in Western Europe’s biggest oil and gas producer, Norway, and renewable energy developments featured in the European energy news flow this past month.

Oil & Gas At the beginning of October, Norway posted soldiers from its Home Guard to protect energy infrastructure as it increased security following the suspected sabotage of the Nord Stream pipelines in the Baltic Sea at the end of September. Norway has also been investigating flyover of drones close to oil and gas assets in the Norwegian Continental Shelf. Europe and the UK continue to warn of a difficult winter ahead, which could result in rolling blackouts and gas rationing in case of a colder than usual winter and shortages of natural gas. Europe’s gas storage sites were more than 93% full as of late October, giving the market

www.ogv.energy I November 2022

and governments some comfort about the early months of the coming winter. Another comforting sign is the influx of LNG cargoes to Europe with tankers waiting to unload at ports.

In company news Equinor awarded contracts for six platform supply vessels to Simon Møkster Shipping AS, Island Offshore Management AS, Eidesvik AS, Remøy Shipping AS, and P/F Skansi Offshore. The contracts will take effect before the end of 2022, and have a three-year firm period and three one-year options. The vessels will support Equinor’s activities on the Norwegian Continental Shelf. Equinor also issued a complementary assessment for the Wisting development in the Barents Sea for public consultation. The field is proposed to be powered from shore. “The work on technical studies and detailing of plans for the development of the project will continue towards the planned investment decision at the end of 2022,” said Trond Bokn, Equinor’s senior vice president for project management control. In Italy, authorities in the Tuscany region gave the go-ahead to the regasification site at Piombino, with works expected to begin shortly so that LNG could be used in the national gas network as soon as next April. The plan for the LNG regasification terminal has sparked controversy among local communities and the mayor of Piombino, Francesco Ferrari, said the town would appeal the decision in court.

Low Carbon Energy The UK’s renewable industry urged the UK’s new Prime Minister Rishi Sunak to scale up on clean power. “We need a wide range of power sources to get us to net zero as fast as possible, including floating wind, tidal energy and green hydrogen – and the UK is a world leader in all of these technologies,” RenewableUK’s Chief Executive Dan McGrail said in a statement on 24 October. “But to seize these opportunities we’re urging Mr Sunak to reassess some of the Conservatives’ recent measures which risk undermining confidence among investors, such as the energy price cap which could skew investment towards fossil fuels. We also need to see a reform of our system of clean power auctions to increase the volume of new capacity we secure each year,” McGrail added. “And we need a new remit for Ofgem so that it can start investing in vital new grid infrastructure ahead of time so that we can reach net zero as fast as possible”. The Crown Estate has updated developers on the design of the tender process for seabed leasing for floating wind energy in the Celtic Sea. The Celtic Sea programme is intended to provide 4 gigawatts (GW) of renewable energy capacity by 2035. The region is assessed to have the economic potential to accommodate up to an additional 20 GW by 2045.

EUROPE “The programme will not only boost the UK’s net zero ambitions and deliver enhanced energy security, but will also create new jobs, skills and investment, including in Wales and the South West of England,” The Crown Estate said on 10 October. Scotland’s renewable energy industry and its supply chain supported more than 27,000 full time equivalent jobs and generated £5.6 billion of output in 2020, according to new figures released on 4 October. Reporting on the latest available figures, Strathclyde University’s Fraser of Allander Institute finds that onshore wind supported the most employment across the economy, with 10,120 full time equivalent roles, followed by offshore wind with 6,735 roles and hydropower with 4,395. Including spill-over impacts, economic activity stimulated across the wider Scottish economy, onshore wind had the largest output, generating nearly £2.5 billion, with offshore wind and hydropower both supporting more than £1.1 billion output. “While the industry clearly plays a critical role in progress towards net-zero targets, it also provides many economic opportunities for Scotland. These opportunities include the potential for technological development, new export markets, and prosperity for rural parts of Scotland that may otherwise be economically left behind,” James Black, Fellow at the Fraser of Allander Institute at the University of Strathclyde, said.

The new analysis estimates an average yearly increase of solar capacity in the EU of between 45 GW and 52 GW towards 2030. This is significantly higher than the 33 GW per year analysts expected before the Russian invasion of Ukraine, and compares to a record 26 GW in 2021.

“While the industry clearly plays a critical role in progress towards net-zero targets, it also provides many economic opportunities for Scotland. These opportunities include the potential for technological development, new export markets, and prosperity for rural parts of Scotland that may otherwise be economically left behind,” James Black, Fellow at the Fraser of Allander Institute at the University of Strathclyde, said.

Scotland generated 18,568 GWh of renewable electricity in the first half of 2022, up by 29% compared to the same period in 2021, government data showed. Renewable electricity capacity increased by 10.5% from June 2021 to 13.3 GW in June 2022, driven largely by new wind farms becoming operational.

“Our analysis shows that the faster we can grow wind energy in the UK, the more consumers will save. To do that, we need a stable framework for investment so that companies are confident they will make a return. There is a global race for renewable investment and I want the UK to be the most attractive place in the world to invest in wind so that billpayers and the wider economy benefit fully from cheap, renewable power,” RenewableUK CEO Dan McGrail said. Solar power is the fastest way to reduce Europe's dependency on Russian gas, Europe’s largest generator of renewable energy, Statkraft, said in a report on 25 October. Statkraft’s Low Emissions Scenario now shows that Europe will have significantly more solar power by 2030 than expected before the war in Ukraine.

Statkraft’s analysts expect solar power to become the world's largest source of power generation around 2035. The Danish Energy Agency said it would launch the tender for the North Sea Energy Island in the spring of 2023. North Sea Energy Island, one of the largest projects in Danish history approximately 100 km off the coast of Jutland, is planned to be an artificial island in the North Sea that will serve as a hub for offshore wind farms of initially 3 GW by 2033, aiming at 10 GW by 2040. Equinor took in early October the final investment decision on the Blandford Road battery storage project in the south of the UK. This will be the first commercial battery storage asset for Equinor, and the first project realized from the strategic partnership between Equinor and Noriker Power. “Our ownership position in Noriker gives us a platform to build an energy storage portfolio in the UK. We expect to sanction up to three battery storage projects in the country during the next 6-9 months. A portfolio of flexible storage assets will broaden and diversify Equinor’s energy offerings in the UK and strengthen our role as a reliable supplier of energy”, said Ingrid Fossgard-Moser, vice president for energy storage development within Renewables at Equinor. The European Marine Energy Centre (EMEC), based in Orkney, Scotland, has concluded the concept design for a new 100 MW floating offshore wind test and demonstration site. The site will offer floating wind developers representative metocean conditions to those in ScotWind, Celtic Seas and future leasing rounds.

The figures show that “Scotland as a renewable energy powerhouse, producing more clean, green electricity than ever before,” Nick Sharpe, Director of Communications and Strategy at Scottish Renewables, said, commenting on the government’s data. RenewableUK published a new analysis on 25 October, which found that wind farms awarded contracts over the last 7 years by the Government would save each household nearly £250 per year, compared to the cost of generating electricity from gas at this winter’s prices.

Wintershall Dea and its partner CapeOmega were awarded in early October a CO2 storage licence in the Norwegian North Sea by the Ministry of Petroleum and Energy. Wintershall Dea will be operator of the Luna licence 120 km west of Bergen, which is estimated to hold a CO2 storage injection capacity of up to 5 million tonnes per year.

“I wish to express my deep appreciation for Eni’s decision to investigate the conversion of the Livorno refinery into a bio-refinery, focusing on a sustainable energy transition both in terms of the environment and the outlet market.” the president of Tuscany, Eugenio Giani, said.

Wintershall Dea also signed a memorandum of understanding with HES Wilhelmshaven Tank Terminal to jointly develop CO2nnectNow, a CO2 hub at HES Wilhelmshaven Tank Terminal in Germany. CO2nnectNow is expected to act as a hub for CO2 that cannot be avoided in industrial processes at German sites. From the hub, the CO2 will first be shipped, later transported via pipeline, from Germany’s only deep-water port to geological formations in the Norwegian and Danish North Sea to be permanently and safely stored. Italian energy group Eni met in mid-October the top officials of the local authorities in Tuscany to confirm that the company is considering the opportunity to build a new bio-refinery at its industrial site in Livorno. The president of Tuscany, Eugenio Giani, said: “I wish to express my deep appreciation for Eni’s decision to investigate the conversion of the Livorno refinery into a bio-refinery, focusing on a sustainable energy transition both in terms of the environment and the outlet market.”

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By Tsvetana Paraskova

ENERGY REVIEW

Oil and gas activity in the United States continues to expand, but delays in the supply chain and cost inflation persist. US oil and gas production is rising, but not as much as expected a year ago. The US Administration continues to put efforts into reducing petrol and energy prices by announcing releases from the Strategic Petroleum Reserve (SPR) and even considering a limit to fuel exports—an idea which the industry criticised, saying it would only limit global supply and drive prices higher at home.

The US oil and gas industry also called on the Biden Administration, once again, to work on how to boost American energy production and choose a course that focuses on US energy security by focusing on American energy over foreign energy.

www.ogv.energy I November 2022

US Oil & Gas Expansion Continues, But Cost Pressures Persist Activity in the oil and gas sector in Eleventh District, which includes Texas, northern Louisiana, and southern New Mexico, expanded at a strong pace in the third quarter, oil and gas executives said in the quarterly Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—remained elevated at 46.0. This was below the 57.7 record-breaking reading for the second quarter, suggesting that the pace of the expansion decelerated slightly but remains solid. Costs for energy firms rose for a seventh consecutive quarter, with the indexes near historical highs. None of the 58 responding oilfield services firms reported lower input costs, according to the survey. The survey also showed that 85% of 144 oil and gas executives polled expect a significant tightening of the oil market by the end of 2024, given the current underinvestment in exploration. Most executives, 69%, expect the age of inexpensive U.S. natural gas to end by the end of 2025. Some investors will return to the oil and gas sector, 79% of executives say. 11% expect many investors will return, while 10% expect investors will not return.

US Industry Reacts To OPEC+ Output Cuts The US oil and gas industry called on the US Administration, once again, to refocus on American energy, following the decision of the OPEC+ group to reduce its headline oil production target by 2 million barrels per day (bpd) starting in November. The White House criticised the move, labelling it a “misguided” and “short-sighted” decision in the face of a global energy crisis. American Petroleum Institute (API) President and CEO Mike Sommers said, commenting on the OPEC+ alliance’s decision to cut crude oil production:

“The solution to meeting demand for affordable, reliable energy is right here in the United States. We face a growing energy crisis driven by geopolitical instability and U.S. policymakers should be doing everything in their power to produce more energy here in America, not urging foreign regimes for more oil.” “We urge the administration to adopt sound public policy that enables American energy to benefit Americans and serve as a stabilising force in global markets,” Sommers added. Dean Foreman, API’s chief economist, said in October, “This latest rebuff from OPEC – following similar rejections of U.S. requests for increasing production rates over recent months – should persuade Washington to choose a course that focuses instead on U.S. energy security – on American energy over foreign energy.” Senator Joe Manchin (D-WV), Chairman of the Senate Energy and Natural Resources Committee, called on President Biden to take all immediate actions within his authority to increase domestic energy production. “It is unconscionable for America, with our abundant natural resources that can be produced cleaner than anywhere else in the world, to continue relying or consider increasing reliance on authoritarian regimes to do for us what we can do for ourselves,” Manchin wrote in a letter to President Biden. “Rather than turning to Saudi Arabia, Iran, or Venezuela to bring oil and gas supplies online to meet demand, we should support our producers in the Marcellus and Utica, the Permian, Alaska, our neighbors in Alberta, and in the many other producing regions that Americans and our allies can rely on,” Manchin said.

Industry Rebuffs Idea To Limit US Fuel Exports As the US Administration is trying to further lower petrol prices, it has been considering the idea of curbing US fuel exports in a bid to increase domestic supplies, which, especially distillates, sit at multi-year lows and at over 20% below seasonal norms.

US US refiners are rejecting the idea, describing it as a counterproductive move that would only tighten global fuel supply and raise crude and product prices everywhere, including in the United States.

However, many analysts believe that US benchmark oil prices are unlikely to fall to those levels anytime soon, which would leave the emergency reserve of crude in the US at historically low levels.

US Secretary of Energy Jennifer Granholm has been calling on US refiners to focus on rebuilding stocks at home rather than increasing fuel exports. To this, ExxonMobil’s chief executive Darren Woods replied in a letter carried by The Wall Street Journal that “Reducing global supply by limiting U.S. exports to build region-specific inventory will only aggravate the global supply shortfall.”

API’s Sommers said, commenting on the moves to reduce petrol prices, “At a time when American energy can be a stabilising force at home and abroad, we urge caution in continuing to rely on short-term efforts that are no substitute for sound long-term policies that enable American energy leadership.”

Secretary Granholm said that the “letter from a company that made nearly $200M in profit every single day last quarter, misreads the moment we are in. The fact is this: Energy companies are making record profits, with refiners and retailers also posting margins that are well above average — while passing the costs on to consumers.” “If companies like ExxonMobil continue to believe that 'free market incentives remain the most efficient way for the industry to address these problems,' they need to step up and show results for American consumers and the American economy,” Granholm added.

“Participation in the global market is foundational to our position as the world’s refining leader, benefitting American consumers and fuel manufacturers alike,” Sommers and Thompson said.

The Administration intends to repurchase crude oil for the SPR when prices are at or below about $67-$72 per barrel, adding to global demand when prices are around that range. The Administration expects the set price range will encourage firms to invest in production right now, helping to improve U.S. energy security and bring down energy prices.

“The President’s actions again miss the point and leave out the obvious plan of action that would increase the energy security of the United States and our allies, increasing domestic production of oil and gas.” “The Administration continues to look to ‘quick fixes’ that don’t work and jeopardise our energy security while continuing to vilify the industry that stands ready to meet demand if permitted,” Beyer added.

US Upstream Deals Top $16 Billion for Best 2022 Quarter in Q3

SPR Release

“The President is also calling on DOE to be ready to move forward with additional significant SPR sales this winter if needed due to Russian or other actions disrupting global markets,” the White House said.

Leslie Beyer, CEO of the Energy Workforce & Technology Council, said:

“Additionally, it is irresponsible to put our nation’s energy security and national security in peril by depleting our emergency petroleum stockpile to historic lows especially in a time of geopolitical unrest and uncertainty. The purpose of the SPR is to have oil reserves in the event of a major national emergency, not to manipulate the global markets and attempt to bring down prices for political purposes,” Beyer noted.

API’s Sommers and American Fuel and Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson wrote to the Secretary, saying that “Banning or limiting the export of refined products would likely decrease inventory levels, reduce domestic refining capacity, put upward pressure on consumer fuel prices, and alienate U.S. allies during a time of war.”

President Biden announced on 18 October that the Department of Energy would sell 15 million barrels from the Strategic Petroleum Reserve (SPR) to be delivered in December. This sale will complete the 180-millionbarrel drawdown the President announced in the spring.

“At a time when American energy can be a stabilising force at home and abroad, we urge caution in continuing to rely on short-term efforts that are no substitute for sound long-term policies that enable American energy leadership.” said Leslie Beyer, CEO of the Energy Workforce & Technology Council

Upstream deals in the US exceeded $16 billion in value during the third quarter of 2022, which was the best quarter for merger and acquisition (M&A) activity so far this year, according to Enverus Intelligence Research (EIR). The best showing for 2022 was achieved despite volatility in oil and gas prices, E&P stocks still missing market recognition, and a surprising dearth of deals in the usually prolific Permian basin, Enverus noted. “Going forward, challenges remain in the market including negative investor sentiment, growing recessionary risks, and concerns about cost inflation,” Enverus said. However, Permian deals could return as seen in the early days of Q4 when Diamondback Energy announced a $1.6 billion purchase of Firebird Energy. “That could very well set off a chain reaction of Permian deals waiting in the wings,” according to Enverus.

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MIDDLE EAST Energy Review By Tsvetana Paraskova

The decision of the OPEC+ group to reduce its crude oil production target and the US reaction to the move have been the leading stories in the Middle East’s oil and gas sector over the past month. Meanwhile, the biggest oil and gas producers in the Gulf moved to secure more contracts to expand drilling activity and increase production capacity.

OPEC+ Makes Largest Cut to Production Target Since 2020 The OPEC+ alliance announced in early October at its first in-person meeting since the pandemic started that it would reduce, starting November 2022, its overall crude oil production target by 2 million barrels per day (bpd) compared to the August 2022 required production levels. The OPEC+ meeting also granted the Joint Ministerial Monitoring Committee (JMMC) “the authority to hold additional meetings, or to request an OPEC and non-OPEC Ministerial Meeting at any time to address market developments if necessary.”

www.ogv.energy I November 2022

The decision to reduce production was taken “In light of the uncertainty that surrounds the global economic and oil market outlooks, and the need to enhance the long-term guidance for the oil market, and in line with the successful approach of being proactive, and pre-emptive, which has been consistently adopted by OPEC and non-OPEC Participating Countries in the Declaration of Cooperation,” OPEC said at the end of the meeting.

The next OPEC+ ministerial meeting is scheduled to be held on 4 December 2022. While the headline reduction is a massive 2 million bpd, the actual cuts would be around 1 million bpd-1.1 million bpd, industry analysts say. The effective OPEC+ cut as of November will be mostly shouldered by OPEC’s top producer Saudi Arabia, which has been trying to produce to its quota so far. Saudi Arabia is set to reduce 526,000 bpd of crude oil output and will have a target of 10.478 million bpd. Russia has the same target, but it is already well below it, to the tune of around 500,000 bpd.

US Unhappy with OPEC+ Cuts The White House criticised the announced cuts, saying President Joe Biden “is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine.” “In light of today’s action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC’s control over energy prices,” US National Security Advisor Jake Sullivan and National Economic Council (NEC) Director Brian Deese said in a joint statement. “What we think is that this decision by OPEC+ is one purported self-interest — is a mistake and it’s misguided,” White House Press Secretary Karine Jean-Pierre said. A week later, President Biden told CNN in an exclusive interview that there would be some consequences for Saudi Arabia for its decision together with Russia to steer OPEC+ into a large oil production cut.

MIDDLE EAST “I am in the process, when the House and Senate gets back, they’re going to have to – there’s going to be some consequences for what they’ve done with Russia,” President Biden told CNN’s Jake Tapper. Some senior US lawmakers called for halting all cooperation with Saudi Arabia. US Democratic Senator Bob Menendez, who is chairman of the US Senate Foreign Relations Committee, called for an “immediate” freezing of US cooperation with Saudi Arabia, including arms sales. “I pledge to use all means at my disposal to accelerate support for the people of Ukraine and to starve Russia’s war machine. That is why I also must speak out against the government of Saudi Arabia’s recent decision to help underwrite Putin’s war through the OPEC+ cartel,” Menendez said. Saudi Arabia, for its part, came out with a statement expressing “its total rejection of the statements issued towards it following the issuance of OPEC+ decision, and affirms that the outcomes of OPEC+ meetings are adopted through consensus among member states.” “The Kingdom stresses that while it strives to preserve the strength of its relations with all friendly countries, it affirms its rejection of any dictates, actions, or efforts to distort its noble objectives to protect the global economy from oil market volatility,” the statement from Saudi Arabia’s Foreign Ministry said.

“I pledge to use all means at my disposal to accelerate support for the people of Ukraine and to starve Russia’s war machine. That is why I also must speak out against the government of Saudi Arabia’s recent decision to help underwrite Putin’s war through the OPEC+ cartel,” US Democratic Senator Bob Menendez

Other producers of the OPEC+ coalition also issued statements defending the group’s decision to reduce oil production. The UAE’s Energy Minister Suhail al-Mazrouei wrote on Twitter, “I would like to clarify that the latest OPEC+ decision, which was unanimously approved was a pure technical decision, with NO political intentions whatsoever.”

Keppel Corporation announced in midOctober that its wholly-owned subsidiary, Keppel Offshore & Marine, had completed the modification works for four KFELS B Class jackup rigs which would be deployed on bareboat charters in Saudi Arabia in October. The rigs are being chartered in pairs to Arabian Drilling Company (ADC) and ADES Saudi Limited Company (ADES), respectively. The rigs are on bareboat charter contracts for three years with options for a year’s extension and will be deployed in Saudi Arabia to work for Saudi Aramco. “As utilisation and day rates continue to rise, we are seeing demand for modern, high specification jackup rigs grow,” said Tan Leong Peng, Managing Director (New Builds) of Keppel O&M.

Saudi Aramco has started construction of two offshore fabrication yards in collaboration with international partners. Thus, Aramco aims to deliver a more than 200% increase in Saudi Arabia’s offshore fabrication capacity. The new yards are being constructed in Ras Al Khair in collaboration with National Petroleum Construction Company (NPCC) and McDermott International. The yards are expected to fabricate and assemble offshore platforms, jackets, and structures for subsea pipelines. In the United Arab Emirates (UAE), Abu Dhabi National Oil Company (ADNOC) announced the award of a contract worth $1.53 billion to ADNOC Drilling. The award supports the expansion of ADNOC’s offshore operations and its objective to responsibly increase production capacity and meet the growing global demand for reliable, lower-carbon intensity oil and gas. ADNOC Offshore awarded the two-year contract which covers the provision of 12 jackup rigs and two island rigs and the associated Integrated Drilling Services (IDS). ADNOC also awarded in October a contract worth $980 million to ADNOC Drilling to hire two jack-up offshore rigs and associated manpower and equipment. ADNOC also said that a new world record for the longest oil and gas well was set at its Upper Zakum Concession in October. ADNOC Drilling drilled the oil and gas well from Umm Al Anbar, one of ADNOC Offshore’s artificial islands. Stretching 50,000 feet, the well is around 800 feet longer than the previous world record set in 2017 and supports ADNOC’s efforts to expand production capacity, the company said. In major LNG exporter Qatar, Saad Sherida AlKaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy, said in early October that three new partners would be entering the North Field South (NFS) project in addition to the partner recently announced.

Iraq, Kuwait, Oman, Bahrain, Algeria, and Malaysia also issued similar statements saying they support the decision which was taken unanimously and was necessary to provide stability to the market.

Oil & Gas Contracts in the Middle East

“I would like to clarify that the latest OPEC+ decision, which was unanimously approved was a pure technical decision, with NO political intentions whatsoever.” UAE’s Energy Minister Suhail al-Mazrouei

“The partnership model we are adopting has been very successful in making us what we are today, giving us the ability to develop the best competencies, capabilities, technologies, and marketing support,” Al-Kaabi said. On 23 October, QatarEnergy announced it had selected Shell as its second international partner in the North Field South (NFS) expansion project, which comprises 2 LNG mega trains that will have a combined capacity of 16 million tons per annum (MTPA) and which will raise Qatar’s total LNG production capacity to 126 MTPA. Shell will have an effective net participating interest of 9.375% in the NFS project, out of a 25% interest available for international partners. QatarEnergy will hold the remaining 75% interest. Italy-based engineering group Saipem said on 19 October it had been awarded a US$-4.5 billion contract by Qatargas for the North Field Production Sustainability Offshore Compression Complexes Project – EPC 2 located offshore the northeast coast of Qatar.

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WORLD PROJECTS

ENERGY PROJECTS MAP 9

10 6

11 1 8

1 AUSTRALIA

Otway Basin Carbon Capture and Storage Project Beach Energy

$250 million Beach Energy plans to build a carbon capture and storage facility in the Otway Basin. Beach Energy has completed a pre-feasibility study and is advancing to the next phase of the project, with FEED scheduled for completion by Q4 2022.

2 MALAYSIA

4 GUYANA

Block 31 - Hermes Discovery

Yellowtail Oil Field (One Guyana FPSO)

Petronas

Energean

ExxonMobil

Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has been awarded the EPC contract for the offshore platform for the project. The platform will comprise of a topside, a 4-legged jacket and piles. The platform will be powered by solar generation. MMHE stated that the start-up of the project is targeted to be achieved in 2026.

Energean has made a commercial gas discovery at the Hermes exploration well located in Block 31 offshore Israel. The field is estimated to have gas reserves of between 247 and 530 Bcf.

VWS Westgarth Ltd, a subsidiary of Veolia Water Technologies, has been awarded a contract for the supply of seawater treatment process module for the project. The scope of the work includes the design, procurement and supply of equipment to process 15,350 cbm/h of seawater for cooling, fresh water, and low sulphate water injection.

$1 billion

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www.eicdatastream.the-eic.com www.ogv.energy I November 2022

3 ISRAEL

Rosmari and Marjoram Field Development

$250 million

Energy projects and business intelligence in the energy sector The EIC delivers high-value market intelligence through its online energy project database, and via a global network of staff to provide qualified regional insight. Along with practical assistance and facilitation services, the EIC’s access to information keeps members one step ahead of the competition in a demanding global marketplace.

$10 billion

The EIC is the leading Trade Association providing dedicated services to help members understand, identify and pursue business opportunities globally. It is renowned for excellence in the provision of services that unlock opportunities for its members, helping the supply chain to win business across the globe. The EIC provides one of the most comprehensive sources of energy projects and business intelligence in the energy sector today.

WORLD PROJECTS 5 BRUNEI

DARUSSALAM

Geronggong Oil and Gas Field Brunei Shell

$500 million Shell has taken final investment decision (FID) for phase four the Gumusut-Kakap-Geronggong-Jagus East deep-water development. The subsea phase four project will see four wells drilled and tied back to the Gumusut-Kakap semisubmersible floating production system, with first oil from this first phase of development expected in Q4 2024.

9 DENMARK Solsort Oil Discovery Ineos

$250 million Ineos has reached a final investment decision on the field. In September the Danish Energy Agency gave its approval to the project. Maersk Drilling’s Maersk Resolve jack-up rig will drill two development wells, with production sent to INEOS' Syd Arne offshore complex. First oil is planned for Q4 2023, with the gas accounting for up to 10% of Denmark's needs.

6 BRAZIL

7 CYPRUS

Equinor

Chevron

Eni

Sembcorp Marine has been awarded the EPC contract for the P-82 FPSO. The unit will have oil and gas processing capacities of 225,000b/d and 12MMcm/d, respectively, with an oil storage capacity of 1.6 million barrels. The FPSO will be equipped with a closed flare and methane gas detection systems, as well as CCUS capabilities. Start-up is expected in 2026.

Chevron and its partners have agreed to invest US$192 million in the Aphrodite field. The partners approved a budget of US$130 million to drill the A-3 well with the Stena Forth drillship, which will begin drilling in the first half of 2023. They will also allocate the remaining US$62 million for a preFEED study.

Saipem has been award two EPC contracts worth US$ 955 million. The first contract covers the EPCI of Baleine's subsea umbilical, riser and flowline (SURF) package and a gas pipeline to shore. The flexible lines, risers, and umbilicals will be installed by Saipem's FDS 2 vessel, with operations set to begin in Q4 2022. The second contract includes EPCCC activities on the refurbished FPSO Firenze, as well as a 10-year operations and maintenance contract.

Búzios Oil Field (Phase 10 - P-82 FPSO) $4.5 billion

10 Equatorial Guinea Block P - Venus Oil Field Vaalco Energy

$500 million Santos has announced a final investment decision (FID) to proceed with the first development phase of the $2.6 billion Pikka project. The field will have an initial output of 80,000 b/d when production starts in 2026.

Aphrodite Gas Field (Block 12) $3 billion

8 COTE D’IVOIRE

Block CI-101: Baleine Oil & Gas Field - Phase 1 $1.5 billion

11 ANGOLA

Block 17/06: Begonia, Gardenia, and Canna Oil Discoveries Total Energies

$1 billion

TotalEnergies has awarded McDermott International the engineering, procurement, supply, construction, installation, pre-commissioning and assistance to commissioning and start-up (EPSCI) contract on the Begonia project. McDermott will supply services for production flowlines, water injection and subsea umbilicals.

WORLD PROJECTS SPONSORED BY

12 CHINA Lingshui 25-1 Gas Discovery CNOOC

$500 million Vetco Gray has been awarded the subsea production system contract for Lingshui 25-1 gas development. Under the deal, Vetco Gray will supply 12 subsea trees for the field’s subsea production system.

INTERNATIONAL GROWTH

Energy Industry’s Opportunities

FOR INTERNATIONAL GROWTH By Tsvetana Paraskova

Norway, Western Europe’s biggest oil and gas producer, is also increasing its hydrocarbon production as authorities in the summer approved applications from operators to boost production from several operating gas fields, to allow higher gas production as Norway’s key partners, the EU and the UK, scramble for gas supply ahead of the winter. However, Norway needs continuous efforts from operators on the shelf to increase production, develop new fields, and make new discoveries to offset a natural decline in production over time, Norway’s Minister of Petroleum and Energy, Terje Aasland, said in early October, when the government said it expected record revenues from oil and gas for 2023.

Energy firms and the oil and gas industry’s supply chain are preparing for a multi-year upcycle in conventional energy exploration and production in a new geopolitical reality where the UK, the EU, and the US are banning Russian oil imports and looking to find alternative supply. At the same time, the biggest international energy firms are increasingly looking at renewables and are investing more in clean energy solutions, including offshore wind, solar, EV charging, carbon capture and utilisation, and hydrogen. The industry and the supply chain are positioned to grow internationally if they seize the opportunities that short-term oil and gas supply shortages and long-term demand for renewables offer, analysts and industry associations say.

www.ogv.energy I November 2022

Energy Security Boosts Oil & Gas Prospects Security of oil and gas supply has been top of the agenda for every government in the West since the Russian invasion of Ukraine. And with oil and gas expected to continue playing an important role in the global energy mix and supply, companies could look at more projects in the short term. For example, The North Sea Transition Authority (NSTA) launched in early October applications for licences to explore and potentially develop 898 blocks and partblocks in the North Sea which may lead to over 100 licences being awarded. In this 33rd licensing round, the NSTA has identified four priority cluster areas in the Southern North Sea, to encourage production as quickly as possible. Those clusters have known reserves of oil and gas, are close to infrastructure, and have the potential to be developed quickly, therefore, applicants will be encouraged to bid for these areas so they can go into production as soon as possible. “Oil and gas currently contribute around three quarters of domestic energy needs and official forecasts show that, even as demand is reduced, they will continue to play an important role. As we transition, maintaining a clean domestic supply to meet that demand can support energy security, jobs and the UK’s world class supply chain,” the NSTA said.

Norway’s latest annual licensing round in predefined areas (APA) for the best-known exploration areas on the Norwegian shelf attracted applications from 26 companies. The authorities aim to award new production licenses in the announced areas at the beginning of 2023. In the Middle East, the state oil firms Aramco of Saudi Arabia and ADNOC of the United Arab Emirates are looking to boost their oil respective production capacity by 1 million barrels per day (bpd) each this decade and significantly increase gas exploration and production, for potential exports and for replacing oil with gas in their domestic power generation mix. Qatar, one of the top LNG exporters in the world, has entered into cooperation with some of the top international oil and gas firms who will be minority shareholders in what would be the biggest LNG expansion project in the world, ever. Commenting on the prospects of the energy industry and oilfield services in the coming years, Schlumberger’s CEO Olivier Le Peuch said at the end of October: “Against the backdrop of the energy crisis and limited spare global capacity, the world faces an urgent need for increased investment to rebalance markets, create supply redundancies, and rebuild spare capacity.” “Concurrently, we are witnessing a significant commitment from the industry to decarbonise oil and gas, with E&P operators all over the world deploying capital and adopting technologies— including digital—at scale, to reduce emissions. Taken together, we expect these constructive fundamentals and secular trends to support multiple years of growth,” Le Peuch added.

INTERNATIONAL GROWTH Diversification into Renewables Offers Growth Opportunities Increased focus on clean energy solutions will also be a growth driver for the energy industry and its supply chain, especially for supply chain companies specialised in offshore industries and manufacturing. Offshore wind, for example, looks as the segment most suited to the Majors’ skill set, Simon Flowers, Chairman and Chief Analyst at Wood Mackenzie, said in October. The opportunity is “massive,” as growth is expected to be exponential. Annual spend on offshore wind will rise from less than US$20 billion in 2020, or 6% of global renewables investment, to almost US$120 billion in 2030, or 25% of the total, according to WoodMac. The Majors can achieve the scale they need to build an alternative income stream to oil and gas, but it will take time, the energy consultancy says. “Offshore wind’s operating cash margins are 25% higher than those of future upstream oil and gas developments. They even trump deepwater projects, E&P’s highest margin asset class,” the consultancy noted. Offshore wind could be a big part of the Majors’ sustainability goals “and perhaps even become the dividend machine of the future,” WoodMac said. In the UK, the supply chain is positioned to take advantage of the growing offshore wind market.

For example, the Offshore Renewable Energy (ORE) Catapult’s national Launch Academy has been running since 2019 and 20 companies have progressed through the nine-month programme that focuses on accelerating technology within the offshore renewables industry. The programme is designed to enhance the UK’s offshore wind supply chain, enable greater UK content, and support cost reduction through innovation. Each year, Launch Academy chooses 10 high potential companies seeking to commercialise new products or services for the offshore wind market. The programme opened for new applications on 19 October. Plans for emissions reductions via electrification of oil and gas platforms, as well as massive offshore wind projects, present opportunities for the UK supply chain, the offshore industry body OEUK said in its Economic Report 2022 in September. Across the initial 17 projects announced within the Scotwind leasing round, early indications from energy developers suggest that over £36 billion (just over half of the committed spend) in contracts will be awarded to UK companies, with the ambition of increasing this to over £49 billion, which would be two-thirds of the possible spend. “The levels of investment captured by UK supply chain companies will ultimately be determined by its competitiveness

and the availability and capacity of critical infrastructure, such as ports and assembly facilities,” OEUK said in the report. The development of low-carbon hydrogen and carbon capture and storage capacity is also an opportunity for the UK supply chain, the industry body says. “Existing expertise, capabilities and insight from the oil and gas supply chain is a notable advantage, where by CCUS could be worth £20bn up to and including 2030 rising to £100bn by 2050,” OEUK noted. “The UK can lead and competitively position itself globally with the existing transport infrastructure that can be repurposed as well as maximise existing skills that can be easily transferable to support, deploy and develop the required technologies and solutions need for CCUS.” In the Business Outlook 2022 from earlier this year, OEUK noted that “To support UK supply chain development in a global context, the Offshore Wind Growth Partnership (through the Offshore Wind Sector Deal) has been created to promote collaborative behaviour where opportunities for growth and innovation can be shared so that the supply chain is equipped to rapidly expand its offshore wind portfolio.” In reference to CCS, OEUK says that “Developing this strategically will help to further progress the skills and capabilities already in place across the UK supply chain and also unlock international export opportunities.”

EXPAND AND DIVEST YOUR INTERNATIONAL BUSINESSES THROUGH STRATEGIC, VALUE-ADDED CONSULTING AND LEGAL SERVICES Our focus is on ventures which combine advanced energy technology and know-how with opportunities in the key territories of the United Arab Emirates, Saudi Arabia, Qatar, Egypt and India including new in-country businesses, joint ventures and acquisitions.

INTERNATIONAL GROWTH

ROVOP celebrates

FOURTH ANNIVERSARY in the Middle East

ROVOP, the leading remotely operated vehicle (ROV) specialist, is celebrating four years of business success in the Middle East.

The company started operating in the region in 2018 and opened a new support base in 2019 to provide clients with the highest quality ROV services. Since then, ROVOP’s core focus has been on successfully supplying market leading ROV systems and best in class personnel to deliver exceptional subsea operations in the GCC region. ROVOP has increased its capacity and volume of operations over the four-year tenure. It now has seven work class ROVs operating in the Middle East to deliver excellent ROV solutions to the Drill Support, IRM, and Subsea Construction markets.

Serviced from an operational support base in Dubai – with offices in JLT and a workshop in the Jebel Ali Free zone – ROVOP has a strong track record in supporting regional and global operators and contractors. Most recently, ROVOP mobilised two Triton XLX ROVs onto the MMA Pinnacle for a project in Qatar for their client, MMA Offshore. Managed by the operations team in Dubai, the advanced work class ROVs were commissioned to undertake various construction support tasks in challenging shallow-water conditions relating to pipeline pre-lay preparations. Doug Middleton, Regional Director Middle East & Asia, said: “We’re delighted to be celebrating this key business milestone. Our dedicated ROV service is going from strength to strength in the region. “Quality is key, and ROVOP’s longproven ability to deliver complete ROV solutions – trusted assets and industry-leading personnel – reduces risk and cost for customers while maximising safety and operational performance.”

ROVOP has a strong track record in supporting regional and global operators and contractors.

Triton XLX ROV

“Our presence in the Middle East has enabled us to expand our service offering to clients, and as a result, we anticipate regional growth as the demand for high quality ROV services increases.”

ROVOP, which employs 200 people offshore and onshore from bases in Dubai, Aberdeen, Houston, and Singapore, is known for being one of the truly international, dedicated providers of underwater vehicles with a market-leading fleet.

VISIT DOUG MIDDLETON AND MARK GILMARTIN ON STAND 8450 AT ADIPEC

www.ogv.energy I November 2022

Complete ROV solutions for exceptional subsea operation www.rovop.com

25 SEE YOU AT ONS22 - STAND 5400

BRIMMOND GROUP

www.ogv.energy I November 2022

INTERNATIONAL GROWTH

ENERGYVUE AND METEODYN

of past production data as well as production forecast with a high degree of certainty.

Meteodyn APM software suite comprises of:

JOIN FORCES

• WPA: An in-depth Wind-farm Performance Analysis software | powered by Meteodyn.

software suite for Renewable Asset Production Monitoring.

• FORECAST Web: A wind and solar power generation forecasting application | powered by Meteodyn.

to offer state-of-the-art

EnergyVue, the Aberdeen based expert in real-time data management and aggregation across the energy industry, has partnered with Meteodyn, the global wind software producer and climatology & meteorology expert, to assist in the development of Meteodyn’s APM (Asset Performance Management) software suite, specifically designed for the renewable energy industry.

• RTM: A Real-Time data Monitoring application | powered by EnergyVue.

Meteodyn, headquartered in Nantes, France is well known within the renewables industry for its Meteodyn UNIVERSE software suite along with its Computational Fluid Dynamics simulation and micro-meteorology services. Since 2021, Meteodyn is part of the CLS (Collecte Localisation Satellites) Group, a subsidiary of CNES (Centre National d'études Spatiales) the French National Space Agency. CLS is a pioneer in providing solutions used to study and protect our planet since 1986.

Meteodyn and CLS together offer a unique and comprehensive range of products, for on Meteodyn APM allows Operation & and offshore markets. For example, SARWind, Maintenance teams as well as Asset Managers the 3D atlas & power assessment solution to analyze and manage their wind, solar, to offshore projects TRACS OGV Ad 210x148.qxp_TRACS OGVor Ad OCt2022 dedicated 13/10/2022 13:11 Page 1 is based on hydro assets. Meteodyn APM monitors in realsatellite measurements and was co-developed time the production, provides insightful analysis by CLS and Meteodyn.

Equipment Rental & Inventory Management Software • Optimise utilisation • Minimise costs • Maximise growth

www.root-5.com/tracs info@root-5.com

EnergyVue, founded in 2021, is part of the Curtis & Associates group of companies, whom have been delivering digitalisation and real-time data management solutions to the energy sector for over 30 years. EnergyVue’s EDGE, VAULT and VIS solutions aggregate and harmonise all data generated from diverse sources across the energy industry and collates them into a single, unified data platform. EnergyVue’s single platform solution enables visualisation and analytics, in real-time, at the edge. EnergyVue is involved in several data standardisation projects within the energy industry, including Wind Europe, the Open Group, and the IEA Taskforce 43. Steve Johnstone, CCO of EnergyVue said “EnergyVue is delighted to formalise this partnership with Meteodyn and support them in the development of the real-time data capability within Meteodyn APM software suite. We look forward to supporting Meteodyn further as they introduce APM to their global customer base.” Frank Lancelot, CEO of Meteodyn added “Meteodyn is well known for its software suites. Our clients asked for a solution combining RT monitoring, a production performance software as well as a forecast tool. Partnering with firms like EnergyVue that are best-in-class in their domain is part of our strategy. APM is the software solution that is modular, very easy to install and easy to use by the O&M teams and Asset Managers.”

ENERQUIP – GROWING GLOBAL FORCE ANNOUNCES FIRST MIDDLE EAST OPENING

Multi award-winning North east company EnerQuip has underlined its reputation as a force to be reckoned with thanks to the landmark opening of its first new sales and service centre in the Middle East.

The ambitious seven-year-old company has just opened premises in Abu Dhabi, UAE and hired full-time local staff in a move which will establish a permanent physical presence in this key growing market.

Middle East, maximum opportunity The importance of the Middle East to EnerQuip’s growth plans was to the fore in late 2021 when the company landed its then largest ever single contract, valued at US$1.2 million, from a new client in Abu Dhabi. The first phase was delivered during Q4 of 2021 with further phases of work this year and extending into 2023 bringing the total package to US$4 million. The initial scope of work involved the provision of various existing technology for the horizontal make-up for casing doubles, bottom hole assemblies, drilling tools, completion tools and others at the land rig site with their Mobile Torque Unit (MTU). EnerQuip has manufactured a fully rotational torque machine with 150-foot, bespoke handling equipment to deal with long casing singles and a custom 20-foot operator control house for deployment in a desert location, and after the first well run, successfully supported the campaign with zero connection rejects across the drilling and completion phases.

www.ogv.energy I November 2022

The creation of the local entity, EnerQuip Torque Solutions to serve the Middle East market from a local base demonstrates commitment to the Middle East but also at a local level, particularly in Abu Dhabi, given the importance of local investment to support In Country Value (ICV) objectives. The move represents another significant step forward for the company which recently announced a significant expansion to its portfolio thanks to a key product line acquisition. Earlier this year EnerQuip Ltd acquired the AMC product line from Forum Energy Technologies, taking ownership of the intellectual property, people and assets in a move which further consolidated its market leading position ahead of an early return to pre-pandemic revenues ahead of forecasts.

Setting up down under The move also acted as a catalyst for the opening of a new office in Australia – EnerQuip Torque Solutions PTY Ltd. – where products and services are being rolled out to a growing client base. Activities are supported by global headquarters which relocated to a single, spacious location on the outskirts of Aberdeen earlier this year. Sitting within easy reach of vital transport infrastructure and benefiting from significantly expanded accommodation, the new HQ includes 4500 sq. m. of workshop, 15,000 sq. m of yard and 1,200 sq. m of office space. Activities are further supported by a busy manufacturing team at Lybster in Caithness which employs a team of ten. Launched in Aberdeen in June 2015, EnerQuip is a leading specialist in the design, manufacture,

installation and maintenance of market leading torque machines and associated products, including bucking units and fully rotational makeup and breakout torque machines which can be adapted to suit any application.

Flexible solutions, strategic positions These flexible solutions delivered by the best in the business are light on their feet when it comes to giving customers what they want, where and when they want it – and they’re in increasing demand in all four corners of the globe. The highly skilled team delivers 24/7, 365 support and works with a growing client base in an increasing list of locations that includes Africa, North and South America, Canada, Europe, the Far East, Australia and the Middle East. Strategically placed service centres across the globe ensure prime positioning which capitalises on growing UK export opportunities, the company consistently exceeds the expectations of the evolving demands of the energy industry in both mature and developing markets. This is thanks to a winning blend of support for existing fleets of equipment through service activity, and the design and manufacture of cutting edge, innovative equipment which seamlessly solves customer challenges whilst complying with all the latest industry regulations and operational demands. A Queens Award for Enterprise (2020) winner, Made in Scotland winner (2021 and 2022) and finalist (2022), Northern Star Business Award finalist (2022) and Elevator Award finalist (2022), EnerQuip has achieved phenomenal success in just seven packed years and recent success suggests that the best is yet to come!

INTERNATIONAL GROWTH

Stroking Machine (SM) Used for threaded drilling connections, the SM machines also record the lowest on the market at under 500 ft. lbs and have broad clamp range from 2.3/8” to 15” or 18”. The ability to operate through a 40-degree angle of head rotation sets EnerQuip’s SM apart as one of the most efficient on the market. A range of accessories such as hydraulic support stands that can be automatic can be added for improved efficiency in the system which also boasts the unique ability to remember set height parameters.

UK Facility

Let’s talk about torque the EnerQuip way EnerQuip’s portfolio offers market-leading solutions all over the world and regardless of location, clients can be sure that they have all been individually tailored to exactly what they need and supported by the established global network of service centres.

Mobile Torque Unit (MTU) Despite the global pandemic, EnerQuip’s drive to innovate continued unabated and 2021 brought the development and deployment of the company’s ground-breaking MTU for the rig side mobile torque makeup of drill pipe and casing in the Middle East. SM Machine

The latest addition to the product line is now much in demand, not least because it can make up range three casing doubles and drillpipe triples and is able to run fully automated thereby reducing labour and improving safety and efficiency. With a clamp range from 2.3/8” up to an optional 22” and a climate-controlled operator cabin, the MTU is torque capable up to 130,000 ft.lbs and can hit the ground running due to its remarkable ability to be operational in under two hours from equipment arriving onsite. It can be paired with any manufacturer’s catwalk for delivery of casing and drillpipe to drill floor and is capable of rig side teardown of drill string components, and BHA makeup.

By working in partnership with and listening closely to each and every client, the EnerQuip team can tailor all kit to deliver products and services which consistently exceed expectations. They include:

Fully Rotational (FR) Machine

With push/pulls capable of 65,000lbs of force and spinners that operate to 1400 ft.lbs of torque and 58 RPM, top opening tailstocks improve loading efficiency and reduce manual handling and the SM is fully networkable to aid remote diagnostics and support

MTU Machine

The Fully Rotational (FR) Machine is the premier choice when it comes to threaded oilfield drilling and completions connections and is specifically tailored towards premium connections such as VAM and Tenaris. With the ability to record torque as low as 100 ft. Lbs – the lowest on the market – EnerQuip’s FR can achieve a maximum torque range of up to 250,000 ft. lbs giving exceptional scope to deal with a wide range of project requirements. As well as a clamp range from 2.3/8” to 30” if required, this portfolio staple is also available with a range of accessories such as hydraulic support stands that can be automatic to improve efficiency and, uniquely, remember set height parameters. Optional “fully floating” heads allow for offset connection make ups, as found on downhole submersible pumps, while top opening tailstocks are available to improve loading efficiency and reduce manual handling. The FR machines are also fully networkable to aid remote diagnostics and support.

FR Machine

INTERNATIONAL GROWTH

Positive market response to NXG-MACS (Multi-Activation Circulating Sub) innovation NXG Drilling Services is expanding its technology-focused range of tools by launching the much anticipated NXG-MACS (Multi-Activation Circulating Sub) onto the energy market. NXG, an oilfield service company focused on innovation, says the tool has been specifically designed and developed to reduce rig time and overcome persistent operational constraints associated with the current market technology.

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Rod Coffey, Chief Executive at NXG, said: “This is another exciting period for NXG. Our NXG-MACS is a game-changing innovation which we are confident will soon become established as a leading technology on the energy market. “The NXG-MACS offers on-demand activation, without the need to drop a ball or dart. This can lead to a significantly quicker operation and, in turn, deliver substantial cost savings in terms of rig time. This is the first in a range of tools we’re looking to bring to the market utilising our patented MACS technology.” The tool was designed and built by the firm’s local, in-house engineering team based at its facility located at Ness Point, Altens Industrial Estate. Rod adds: “The 6 ¾” version of the tool is now ready to go following thorough testing Rod Coffey and we have several trial runs lined up for November. Our clients recognise the need for any operation to be run both efficiently and safely, which is why they choose to run the NXG-MACS” The commercialisation of this product represents the final step in the process for a project which has been both proactive and executed through a company-wide team effort.

In addition to the NXG-MACS, NXG has a wide range of proprietary drilling tools including Drilling Reamers, Torque Reduction tools, Hole Conditioning tools, Anti-Vibration tools and other types of specialised equipment. Rod added: “We’re stepping up our manufacturing of other tools contained within our portfolio. Our market analysis has shown that there is a real appetite within the sector to move onto the next generation of drilling technologies. This philosophy of continuous improvement is embedded within the NXG culture.” NXG also offers in-house manufacture and repair services through its API Q1 accredited machine shop located at the former Longside Airfield in Aberdeenshire. It also supplies traditional bottom-hole assembly (BHA) equipment including Drill Collars, Stabilisers and Subs. The company has operations in nine countries and its solutions are used in more than 50 countries. Further information, including a full animation of the NXG-MACS in operation, can be found on the new NXG website: www.nxg-group.com or email info@nxg-group.com

INTERNATIONAL GROWTH

ROTECH SUBSEA STEPS UP FOR INTERNATIONAL GROWTH

With sector-leading controlled flow excavation (CFE) and suspended jet trenching technology - and a reputation to match - Rotech Subsea is enjoying a period of unprecedented global demand for its trenching and excavation solutions to the renewables, oil & gas, decommissioning and energy sectors. Rotech Subsea - whose in-house research, development and engineering team has created a suite of cuttingedge non-contact trenching, excavation and cable/boulder grab & cutting tools - has long been the partner of choice for European operations in precommissioning, commissioning & IRM. Increasingly, however, the contractor is experiencing demand from clients across Asia, the Americas, the Middle East and beyond.

2022 is set to be Rotech’s busiest on record, with Cochrane describing the spike in global demand as ‘phenomenal’

With contracts running well into 2023, Taiwan has been a happy hunting ground for Rotech, so much so, that after a series of successful cable trenching and seabed levelling campaigns in the offshore wind sector, the company has established a new entity in the country. A major umbilical post trenching scope off Australia’s south coast - the first time the international client had used a non-contact jetting tool to carry out such a scope - has confirmed Rotech’s pre-eminence in the sector in the region. This global expansion has been precipitated by the evolution of a suite of 18 trenching and excavation tools which have successfully completed over 500 jobs between them. New to the portfolio is the unrivalled ‘TRS3’, which was purpose-designed and built for specific regions and has soil cutting capabilities of 300kpa allowing it to cut extremely hard seabed material.

“Like our other trenching and excavation tools, the TRS3 fluidises and excavates soils on the seabed in a controlled manner with powerful jet trenchers allowing us to cut deep and very narrow trenches. The flexibility to have a twin tool set up increase's productivity.”

“We have always listened to the market to deliver more efficient and effective tools,” explains Director of Subsea, Stephen Cochrane.

2022 is set to be Rotech’s busiest on record, with Cochrane describing the spike in global demand as ‘phenomenal’. After Asia, the Americas - where the company has been awarded its first US

offshore wind farm export cable trenching contract, as well as servicing clients in the Caribbean - offers another huge opportunity for growth. “Breaking into the Americas with a major subsea cable installation and maintenance player is a huge coup for us,” adds Cochrane. “The offshore wind sector in North America is in its infancy compared to Europe so we expect to see our activity grow exponentially as the market there gathers pace.”

Rotech Subsea Ltd. provides mass flow excavation services to oil, gas, and civil engineering markets in the United Kingdom and internationally. For more information see our website: www.rotech.co.uk

INTERNATIONAL GROWTH

MIDDLE EAST PRESENTS GATEWAY TO NEW OPPORTUNITIES FOR SCOTTISH FIRMS

Like any new market entry, the key to doing business in the UAE is having the right equipment, technology and people on the ground. This can be a capitalintensive process with significant risks involved; however, Petrasco enables companies to enter new territories with minimal capital expenditure, allowing a staged and steady market entry and growth process.

A leading provider of international logistics solutions for the energy industry, Petrasco has operated in Dubai for almost 20 years and, following a recent restructure of its senior leadership team which added considerable Middle Eastern experience, its management now possesses more than 90 years’ collective in-country experience. With this extensive knowledge of the wider Middle East region, Petrasco is well placed to guide new entrants through the process, giving them time to establish their business and personnel first without committing to expensive long-term commitments that may not be suitable for future growth. With operations in Aberdeen, Dubai and Houston, Petrasco is well positioned to gauge the industry’s temperature around the world.

www.ogv.energy I November 2022

“It’s vital to speak to people or organisations, such as Scottish Development International (SDI), Kevin Buchan that have a presence in-country, possess practical experience, and understand the nature of your business. “The success of any overseas venture often comes down to doing your homework before making any commitment, which is where engaging with partners who can provide trusted counsel on the local market can make all the difference.”

Through its UAE hub, it supports companies in the Middle East by providing: •

International logistics services

•

3PL supply base and storage (primary or overflow)

•

Access to technical and manpower services

•

Introduction to network of support services, such as administrative, legal and commercial

Kevin Buchan, managing director at Petrasco, is a member of respected international business network, GlobalScot. He commented: “The Middle East is widely seen as a buoyant market for doing business and, with a growing presence from UK companies at ADIPEC over recent years, there is no sign of that changing anytime soon. “If you are entering the market for the first time, it’s worth bearing in mind some key considerations when setting up a Middle East operation. These include: where are you going to get your licence from? What facilities/ premises are you going to have? Where will this building be located? Will you need to work with a local partner or agent/distributor?

Petrasco offers a one-stop-shop for equipment, ranging from overflow solutions to supporting companies that have downsized, backed up with specific, local knowledge. It has supported numerous UK firms, including from the north-east of Scotland, to start their business and place equipment on the ground within the Jebel Ali Free Zone; giving their clients access to equipment and the ability to mobilise quickly and cost effectively. Petrasco often remains with these clients throughout their journey in the Middle East and adapts as their clients’ business grows and needs change. “Petrasco’s Jebel Ali Free Zone supply base is a flexible solution that allows us to consolidate and manage our equipment efficiently. With close proximity to the port of Jebel Ali, we can quickly mobilise our systems to service the Middle East and Asian regions as well as other global locations. “Working with the team at Petrasco Dubai has enabled us to overcome many logistical challenges and meet our customer’s demands.” Head of Middle East & Asia, ROV service provider.

For further information please visit www.petrasco-energy.com

EQUIPMENT AND PERSONNEL HIRE Renewables Decommissioning Subsea Hydraulics

We are exhibiting at ADIPEC 2022. Visit our STAND: 8450 HALL: 8

31 October 3 November 2022 Abu Dhabi, United Arab Emirates

Well Services Pipeline Industrial Cleaning

INTERNATIONAL GROWTH

MAXIMUM GROWTH IN MIDDLE EAST FOR VULCAN COMPLETION PRODUCTS

An international leader in the provision of creative solutions for the oil and gas completions market has cemented its commitment to the Middle East with a move to larger premises to accommodate a growing team in this key region.

Just four years after attending ADIPEC for the first time, Vulcan Completion Products (VCP) has relocated to larger office space in Dubai. From the new regional office, the recently expanded team – which now comprises four people – will enhance VCP’s foothold within the Middle East region. The area is deemed to be of paramount strategic importance, both historically and in the company’s ambitious growth plans.

Dubai Building

Ian Kirk

breaking solutions. From centralisation, reamer and guide shoes to float equipment, cement plugs, group collars and cable protectors VCP has an unmatched record of success, with the emphasis firmly on being a quality service provider who consistently exceeds client expectations. Looking ahead to ADIPEC and the company’s future in the Middle East in the longer term, Vulcan Completion Products’ Managing Director Ian Kirk said:

“As one of our key growth markets, it is imperative that we correctly position ourselves with the Middle East and having the right people on board is central to that strategy. “By evolving our presence in the region, we are able to better serve an expanding customer based and events such as ADIPEC are crucial in allowing face-ot-face contact with existing and prospective clients.”

Supported by headquarters in Aberdeenshire, Scotland and a global network of agents, the company sells directly to IOCs, major players and headline service companies. Earlier this year, VCP revealed that it is working with exclusive Brunei agent OVB and won a significant contract to supply floats and centralisers equipment and accessories to Shell Brunei. The five-year contract – taking VCP kit to Brunei for the first time ever – was awarded after a tender process and includes the option of two, one-year extensions. It allows the exclusive supply of Vulcan equipment to service the project. Vulcan Completion Products’ (VCP) team specialises in design, manufacture and application VCP draws on more than 200 years of combined industry experience to offer bespoke, innovative and ground-

www.ogv.energy I November 2022

Vulcan Completion Products, OVB and Shell Brunei

To find out more, visit www.vulcan-cp.com email Sales@Vulcan-CP.com or call +44 (0) 1224 446710

INTERNATIONAL GROWTH

REIMAGINING THE SERVICE MODEL: HOLISTIC ASSET MANAGEMENT IS THE KEY

Maintenance and modification can sometimes be a bumpy road, with uncertainties and unknowns, but asset and infrastructure management, harnessing the latest digital technologies, can leapfrog and smooth out those bumps…

Angus Rodger, Proserv’s Vice President, Services says leading providers must root their offering around partnership and technology to succeed.

The days of effective service support simply being measured by speed of turnaround, local know-how and maintenance agility are disappearing fast in the rear-view mirror. That’s to be expected when the energy industry is transitioning and accelerating towards more and more sustainable energy projects and smarter, cleaner and highly efficient means of production. If strategic roadmaps and operational demands are changing fundamentally, then so must expectations around service provision and delivery. Impressive on the ground qualities are undoubtedly always vital when issues arise affecting critical infrastructure in the field, but as 2023 approaches, operators and asset owners need service partners to be able to deliver a much more joined-up, holistic support template.

Defining “services” But what are “services”? Well, we can reference some core elements such as equipment installation, upgrades, modification or maintenance but there can be no set definition. Different geographies represent different activities and priorities and require different skills and support. You cannot shoehorn a template that works well topside in the Middle East into a subsea service operation in the Gulf of Mexico and expect that to succeed there too. To deliver what your customer actually needs comes down to understanding the market, listening to the voice of that customer, drawing on your wealth of expertise, and, critically, predicting where your team can add value. Historically too, services have been regarded as rather piecemeal, ad hoc activities demanding an agile team that has a broad bandwidth of capabilities and know-how. Proserv built the foundations of its service offering on such qualities and any business must have these go-to strengths in its locker.

Angus Rodger, VP, Services, Proserv

But we see clear value in moving away from a more transactional model towards one which is founded on a holistic and rooted relationship where a service team becomes a trusted partner embedded in day-to-day operations and able to action a suite of deliverables as part of a tailored asset and infrastructure management template.

Positives of predictability Our approach to building an asset management framework is focused on working with a client’s decision-making team to establish requirements. Our aim is to be entrusted with supplying the necessary obsolescence management, testing and certification, and regular status reporting to that team’s key individuals to offer a tangible degree of security, certainty and predictability to their planning. When such collaboration occurs and this visibility is available, it is easier for us to predict and schedule O&M campaigns, potential failures are mitigated and production is safeguarded. Although no two service offerings are the same, we employ continuity and a common methodology around how we look after our customers’ installed base, bringing reliability and certainty to their activities. If one client has purchased three multi-million dollar subsea control systems or another has acquired a few dozen pumps, both equally want to be able to know that either their round-the-clock 24/7 asset support, or their obsolescence and maintenance management, are taken care of allowing them to stay ahead of possible issues. Those customers who fully engage with our approach truly benefit from more secure and seamless operations.

Digital gains Joined-up asset and infrastructure management leads to operational excellence, but the integration of digital technologies, such as real-time predictive condition-

monitoring, can deliver a powerful leap forward in service support. At Proserv, we are renowned for technology collaboration and innovation. In the past year, we have rolled out a disruptive holistic cable monitoring system for offshore wind, ECG™, while, working with leading independent operators in the Gulf of Mexico, we have been developing unique data analytics solutions to supply early warning of minor anomalies in production performance, identifying issues long before they become problems. Our goal is to increasingly drive these digital solutions into our various service offerings across the world, from wind farms in the North Sea to remote wells in the Arabian desert. The insights that we can bring would offer another layer of certainty and predictability for our customers. Maintenance could solely be condition and not calendar based, inspections would be reduced, fewer personnel would be needed on site – the benefits would offer efficiencies around time, money and carbon footprints. Maintenance and modification can sometimes be a bumpy road, with uncertainties and unknowns, but asset and infrastructure management, harnessing the latest digital technologies, can leapfrog and smooth out those bumps, allowing essential remedial action and future upgrades to be planned ahead of time. But whenever a failure threatens, we can trust in that traditional rapid response and broad skill set to take action when absolutely necessary. Today’s world is fast-moving and volatile with the transition and energy security accelerating political and economic policy. As an industry agnostic service business, propelled by digital technology innovation, we can leverage our asset management provision to support future clean energy generation by monitoring the health, and extending the life, of critical infrastructure. At the same time, we can give oil and gas operators greater visibility of performance to ensure production remains both reliable and efficient.

Providing leading controls technologies to enhance performance, optimise assets and extend life right across the energy sector. For more information see our website: www.proserv.com

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DELIVERING STEP-CHANGE EFFICIENCY In A Green Energy Transition

Case Study - High-Deviation Gas Lift Intervention An Oil and Gas Operator was looking for ways to reduce cost when planning a highdeviation gas lift intervention programme on an offshore Malaysian asset. Previous to U-line™, predictive modelling of the planned intervention suggested that electric wireline tractor / stroker was the only feasible option for this operation. With the TD located at nearly 12,000ft with a long tangent section of nearly 8000ft held at 71deg, the operation also required delivery of sufficient force to the kickover tool arm when located within the target mandrel.

GA R&D Ltd GA R&D Ltd, headquartered in Aberdeen, Scotland, develops highly innovative technology solutions for the global energy sector. GARD U-line™ is a next-generation wellintervention conveyance technology, delivering significant savings within upstream oil & gas and geothermal intervention operations. U-line™ Roller enables lighter intervention and eliminates the need for running more costly and environmentally impactful services. 3C-Steam™ turbine technology involves a revolutionary thermodynamic process, redefining steam power generation efficiency and reducing carbon emissions by up to 25%. Our Technologies are truly disruptive, targeting step-changes in performance and design efficiency, in order to reduce cost and drive sustainability.

Technology Development stage: Commercial Launch date: 2020

www.ogv.energy I November 2022

Lowering the cost and risk of well-intervention GARD U-line™ is a next-generation, universal, conveyance roller offering lighter wellintervention and increased flexibility for well owners and service companies. Cost reductions are being achieved enabling lighter well-intervention even in high deviation, HPHT or debris challenged wells. Risk of failure to meet Target Depth for operations is addressed as U-line™’s unique features give the tool unparalleled low friction and necessary lift to pass through obstacles and penetrate further into wells than any other roller. Risk to asset is greatly reduced because of the innovative design which has no fasteners and self-conveys smoothly.

The kickover tool was successfully conveyed using a GARD U-line™ Roller tool string during the gas lift remediation programme, to reach target depth. Successful conveyance of the kickover tool using GARD U-line™ Rollers meant there was no need to deploy an electric wireline tractor / stroker combination, reducing time, risk to asset and leading to significant operational cost savings as a result.

• Extended reach in deviated wells • No fasteners • Slickline/e-line/digital line compatible • Large wheels for high offset

Increasing the efficiency of operations and logistics The unique design of U-line™ GARD U-line™ is makes it universal, meaning that one tool can be easily a next-generation, adjusted on-site to cover universal, conveyance slickline, e-line or digital roller offering lighter line and is also modular, well-intervention and meaning for different casing or restriction sizes the increased flexibility for tool can be easily resized well owners and service by fitting different wheels. companies. This means huge potential time saving for well-intervention operations from mobilising just a small number of tools. As U-line™ Director Donald Mitchell explains, “The tool is hugely flexible, on some jobs it is acting as a high deviation roller, a centraliser and a weight-bar, all in one fully universal technology”.

V-LIFE technology supporting operators for over a decade

V-LIFE is the only preventative and active ‘healing’ solution for low insulation resistance caused by water ingress. Our patented technology has been designed to recover the electrical integrity of failing subsea circuits in the oil and gas sector. The only solution other than costly subsea repair or total umbilical replacement. Helping secure the critical supply of gas from subsea fields.

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Find out more…

www.viperinnovations.com/v-life-technology

OUR DIGITAL INDUSTRY

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Who is Sword? Jared Owen, Sword CDO has worked in the technology and energy industries for over 20 years. He is responsible for industry engagement and aligning the strategy and direction of Swords digital services and solutions with energy sector customers. As the North Sea’s largest provider of data and digital services, Sword focuses on solving the industry’s most critical business technology challenges by enabling our clients to capture, manage, and utilise data to make informed decisions. This is supported by technology adoption and people engagement, together with modern ways of working to give confidence that the right decision is made every time.

www.sword-group.com

THE VALUE OF ENGINEERING DATA The Value of Engineering Data

Software Pick’n’Mix

Complex engineering information is a core asset of our energy sector. As new technologies enable the digitisation of legacy information and modernise current data collection methods, it is vital that infrastructure is integrated to connect engineering and operational data. Ensuring data is configured for integration with internal and external systems is becoming increasingly important as regulatory guidance requires industry collaboration and modernisation. Standardising approaches to data management is a fundamental element in organisations leveraging new technologies and techniques.

In pivoting organisations to become data driven, we often need to sieve through paper data, silos and big archaic systems which hold unstructured data hostage. Our role is to turn it into verified, accurate and trusted structured data. With decades of experience, Sword have a software suite designed ‘by engineers for engineers’ that includes 6 modules to support various stages of the “Big archaic information management lifecycle: systems often hold Collect, Data Manager, Navigator, Pick & Link, Intelligence and unstructured data Generator. hostage, we turn it into

verified and trusted structured data.”

We now see organisations focusing on becoming data driven to better access complex engineering information and apply intelligent solutions to turn data into a powerful, trusted, and valuable asset. These organisations can apply new technologies to modernised ways of working and make informed decisions that support future efficiencies by having standardised, usable and clean data.

Identifying Intelligent Solutions

Our Collect module is commonly utilised by EPC’s or owner/operators in large capital projects to facilitate data collection and handover. The Data Manager module looks at the content and standardises it in line with ISO classifications, and then our Navigator software provides the accessible method of visualising data. Our Pick & Link software module ensures the relationships between data is clearly identified by providing the ability to view, create and manage these complex models. Our Intelligence module uses Microsoft’s Power

BI which provides the capability to build detailed reports from structured data and visualise the model. Finally, our Generator app can be used to create structured, validated and approved breakdowns for elements such as tag numbering. Intelligent Software Solutions in Action Our software modules have been used to help deliver multiple global projects. In one such project, 1.6 million assets were collected and validated across 30 countries and with the involvement of 8 EPCs. Our Collect tool allowed the accumulation of the data from multiple suppliers and combined this with the software’s reporting and analytics functionality and our Pick & Link tool which enabled the retrieval of the engineering data and documents. The benefits of a combination of Sword’s software suite included the establishment of a single source of truth, standardisation of data, and access to a user-friendly tool with appropriate support and guidance to provide well informed data driven decisions throughout the delivery of their project and beyond.

Becoming Data Driven To achieve data driven outcomes, we need to place data at the heart of our operational and project thinking. We have the longevity to support future evolutions of the solutions and services and remain on hand to maintain software evolutions and provide guidance and support. Enabling our customers to rely on their data as a single source of truth is a cornerstone in building strong data foundations, embedding digital technologies and facilitating modern ways of working.

With a myriad of technical solutions available for the energy sector’s challenges, organisations are faced with investment decisions about which best fits their needs. From bespoke applications to commercial-scale, off-the-shelf solutions, the prospect of one system fulfilling all the answers is often a pipe dream. Traditional legacy systems which often incur heavy initial investments, can unfortunately slow down progress towards data driven goals. At Sword we are regularly asked to help overcome frustrations with technology underperforming in line with expectations, and the outcome is often to customise a solution with a modular approach to fit their unique challenges. With a focus on reducing costs, reducing health and safety risks, and fast-tracking their contribution on the journey to net zero, Sword have developed easy to use, cost effective, intelligent software solutions to bring a single source of truth for connected engineering data that underpins progress towards meeting strategic organisational goals.

www.ogv.energy I November 2022

Jared Owen

For more information, visit www.sword-group.com

RENEWABLES

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Pipeline for global floating offshore wind doubled RenewableUK has published an insightful report investigating the growth of offshore wind around the world. The EnergyPulse document shows that the capacity of floating offshore wind projects has more than doubled in the last 12 months – from 91GW in 2021 to 185GW. That’s an increase in number of projects from 130 to 230. The report considered projects in any stage from those in the early development to others under construction and fully operational.

A geographical breakdown Having long been recognised as a pioneer and innovator within offshore wind, it is important to compare the UK’s development in the sector against the worldwide landscape. The latest report demonstrates that the UK maintains its global lead in floating offshore wind with the largest planned portfolio at 33,259MW of announced projects. Much of this growth in the UK has been the result of development in the North Sea, Celtic Sea and the North Atlantic Ocean, where the floating offshore wind pipeline has risen from approximately 23GW only a year ago. Today, approximately 18% of the global floating offshore wind portfolio is in the UK – the majority of which is located in Scottish waters. This is particularly impressive when compared to other individual countries – Sweden has 21,060MW of announced projects (11% of global capacity), Ireland has 12,050 (10%), the USA has 17,244 (9%) and South Korea has 15,944 (9%). Looking further at capacity and opportunity around the world, 121MW of the global pipeline is already fully commissioned in 9 projects across 7 countries. There is also 96MW under construction, 288MW consented or in preconstruction, 31GW in planning or with a lease agreement and 153GW in early development or going through the leasing process. Europe continues to dominate the sector with 58% of the worldwide floating offshore wind capacity. Further afield, projects located on the west coast of the USA, south east coast of Australia and in South Korea generate most of the remaining global capacity.

www.ogv.energy I November 2022

For over 30 years, we’ve designed and manufactured market-leading anti-slip safety products that hugely improve safety standards on stairways, walkways, decks, ladders, ramps, gangways and pipes, in a range of industrial settings.

Overcoming obstacles 2022 has been another turbulent year for energy markets around the world, aggravated by the war in Ukraine, inflation and the significant rise in general cost of living. To support energy security, the UK government recently announced a return to fracking and new oil and gas leasing rounds in order to boost domestic energy generation. This has sparked some concern that investment could move away from green energy as policy makers look for more immediate solutions to current issues, but there is still plenty of opportunity for growth in renewables. In fact, the oil and gas industry is already turning to floating offshore wind technology in an attempt to begin decarbonisation of the sector. Cerulean Winds and Ping Petroleum UK committed to creating one of the UK’s first offshore oil and gas facilities powered by floating offshore wind only this year. This demonstrates the direction of development for traditional energy companies and paves the way for a net zero future. Another on-going challenge is that of cost reduction. As infrastructure, technology and cross-sector collaboration improves, so too will the efficiency with which floating offshore wind energy is generated, stored and transported. Rapid upscaling of the industry will further facilitate competitiveness and result in benefits for both the sector and end-user.

demand is coming out of the UK and Ireland, followed by South Korea, Sweden and the USA in the years leading up to 2031. Interestingly, forecasts suggest that demand for new floating offshore wind will surpass that of its fixed counterpart in the next 10 years around the globe. This trend is expected to be most pronounced in the UK. The report also predicted a shift in market share of total offshore wind generation, which could be reflected in the distribution of floating offshore wind projects. For example, the majority of development will likely move away from North Europe and towards East Asia in the next few years with construction of new offshore wind farms in Chinese seas. By the mid to late 2020s, new regions such as East Europe are expected to record notable capacity in the area, swinging the majority market share back to Europe. Though challenges definitely remain, the future looks bright for floating offshore wind. RenewableUK’s CEO Dan McGrail commented:

“The growth of floating offshore wind is surging ahead at a phenomenal rate year on year around the Dan McGrail world. We’re proud that the UK is a global leader in this innovative technology with nearly a fifth of the total pipeline – significantly greater than any other country.

Looking to the future This latest EnergyPulse report postulates that by the end of 2023, floating wind capacity could reach 11GW in the UK, 21GW in Europe and 41GW globally. This demonstrates the potential power for floating offshore wind to support net zero targets and drive growth of green energy around the world. Now is the time to invest, to refine and innovate. The opportunities are there – companies, stakeholders and policy makers must take them. Looking at the demand for floating foundations, all forecasts point to significant growth in the coming decade. Highest

“In the years ahead, as we build projects further out to sea where wind speeds are even stronger, floating wind will play a central role in proving cheap, clean electricity for British homes as well as boosting our energy security. “It also offers a significant opportunity to build up a whole new industry in the UK, with a world-class supply chain which will enable us to export our expertise and state of the art technology worldwide”. For more in-depth insights into the current and future floating offshore wind market, as well as details and predictions for the wider renewable energy sector, EnergyPulse provides a unique, easy-to-use and powerful analysis tool – available to all RenewableUK members.

For information about membership, upcoming events or to join, please visit www.renewableuk.co.uk

RENEWABLES Westwood: Offshore wind opportunity soars with 135 GW of potential capacity available in leasing rounds Upgrades to Westwood’s proprietary WindLogix solution reveals new insights from enhanced coverage, including tracking of over 70 ongoing and planned offshore wind leasing processes. London, UK, 11th October 2022: New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals skyrocketing offshore wind growth with 135 GW of new capacity on offer to developers, equivalent to nearly 2.5 times today’s 55 GW market. This is bolstered by new market expansion with over 20 GW of leases up for grabs in countries which have not previously held a licensing round, such as Canada, Colombia, and India.

Peter Lloyd-Williams, Senior Analyst, Offshore Wind at Westwood says: “This growth will present huge opportunities and challenges to the sector – both for the supply chain delivering existing projects and the developers exploring new opportunities. As the offshore wind industry tries to do it all to deliver the energy transition, understanding the full breadth of the market is more important than ever.” Responding to these market challenges, Westwood has rolled out significant upgrades to its WindLogix solution, launched last year, dedicated to helping developers, investors, and supply chain stakeholders grappling with a rapidly changing market. David Linden, Head of Energy Transition at Westwood says: “It’s an incredibly exciting time for the offshore wind market, but equally, we’re faced with lots of unknowns. New markets, new developers, and new suppliers are all entering at pace which makes up-to-date market intelligence imperative to decision making. Recognising this need, we’ve scaled in-step to provide both existing and new customers with the reliable and wide-ranging market intelligence insights they need to identify and

David Linden

compare opportunities and get up to speed quickly, with all commercial and supply chain data in one place. "Enhancements to WindLogix include greater coverage of offshore wind leases (including key financial metrics), an offshore wind farm transaction database, coverage of offshore wind PPAs and tracking government awards of financial support to projects. The enhanced tool will offer both data searches and in-depth profiles, as well as a thematic report series, all on a global basis."

hydrogen sustainably and our multidisciplinary team is uniquely placed to address the current barriers by bringing together engineers, scientists, geologists, and industry partners. “Our research will initially develop new technologies to process and create hydrogen from different biomass waste products, completing a circular economy pathway and producing higher volumes than those currently achievable from existing production methods. “Our focus will be on technology that can scale because hydrogen remains a small contributor to our overall energy mix. For net zero ambitions to be met, this needs to change rapidly. Collaborators will be essential for the success of this research, and we welcome like-minded partners to join us.”

PETRONAS and HeriotWatt University announce research partnership to spur hydrogen production from biomass PETRONAS and Heriot-Watt University have entered into a research partnership to jointly develop cost-effective technologies to produce hydrogen from biomass waste, in line with both organisations’ aspiration for a carbon-neutral future and a circular economy. The £1m research project is a collaboration under PETRONAS Centre of Excellence in Subsurface Engineering and Energy Transition (PACESET), one of the three Global Technology Centres established by PETRONAS and its academic partners to advance low-carbon and cleaner energy solutions. PACESET is based at Heriot-Watt University in Scotland, United Kingdom.

The research will advance techniques to use thermochemical reactions to produce hydrogen from biomass and other waste materials. Researchers will also explore solutions to address scalability and storage – main barriers in popularising hydrogen as an alternative energy – to promote adoption globally. The research will initially focus on utilising the estimated 4m tonnes of waste and byproducts created by distilleries in the UK and the approximately 127m tonnes of agriculture waste generated annually in Malaysia for hydrogen production. The academic team will also explore storage solutions aiming to utilise depleted oil wells for pure hydrogen storage without the need to add natural gas for stability. Professor Raffaella Ocone, who is leading the research at the university’s Institute of Geoenergy Engineering said, “Hydrogen is seen as a key contributor to the energy transition, but current production and storage methods face multiple scalability challenges. Biomass and biomass-derived fuels can be used to produce

PETRONAS Group Research and Technology, Head (UK Research & Technology), Dr Gboyega Bishop Falope said, “Sustainability is at the core of PETRONAS’ business model. We place high emphasis on reducing emissions through technological advancements and digitalisation, in line with our Net Zero Carbon Emissions by 2050 aspiration. We are confident this research will elevate the contribution hydrogen can make as part of the world’s energy mix, and to be part of the holistic solution that brings forth a sustainable future.” Heriot-Watt University Chemical and Process Engineering Assistant Professor, Dr Aimaro Sanna, who is a co-investigator in the project, said, “Creating new energy sources from waste products solves numerous global challenges including reducing landfill, and minimising carbon emissions. This hydrogen research is a significant step towards addressing the increased waste generated year on year across multiple sectors as well as building the potential for hydrogen as a sustainable energy source of the future.”

RENEWABLES

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Borr Drilling bags new threeyear contracts for five rigs

Offshore drilling contractor Borr Drilling has secured new three-year contracts for five jackup drilling rigs in Mexico. Borr Drilling announced that its joint venture company in Mexico, Perfomex, has entered into new contracts for the

Infinity has been a five-time winner at the British Accountancy Awards and has been a three-time finalist at the Scottish Accountancy Awards in recent times.

company’s five premium jack-up rigs with OPEX Perforadora S.A. de C.V. and Perforadora Profesional Akal I S.A. de C.V, providers of integrated well services to Pemex.

According to Borr’s latest fleet status report, all five rigs have been under contract with Pemex for years with the end date of their current contracts set for December 2022.

The rigs in question are Galar, Gersemi, Grid, Njord, and Odin.

Earlier this month, Borr sold one of its warm-stacked jack-up rigs and agreed with Singapore’s Keppel to accelerate deliveries of three rigs and defer two others.

The contracts are effective from 20 October 2022 and will maintain all five rigs contracted until 31 December 2025 for a combined contract value of $715 million, including upfront cash payments of $33 million in total. Further, these agreements incorporate enhanced terms that are expected to improve the economic efficiency of the business.

ADNOC awarded double Jack-up contract worth $980mworth $980m

Borr Drilling provides the five rigs on a bareboat basis to the joint ventures with bareboat earnings equivalent to residual cash from the day rate earnings less payments of operating expenses and other fees in the joint ventures.

Petrofac awarded well management services contract by Dana manage the entire supply chain including rig or vessel hire and well service contracts. The value of the contract is approximately US$60 million.

Petrofac, a leading provider of services to the global energy industry, has been selected by Dana Petroleum to provide well management services for all its UK North Sea operated assets. These include both the Triton FPSO and the Western Isles FPSO (Floating Production Storage and Offloading) vessels in the North Sea. The new two-year contract, with options for extension, continues the existing five-year relationship, providing outsourced well engineering services to Dana’s 11 operated and 18 non-operated Licences in the UK North Sea. The contract scope includes full life cycle well engineering from concept through detailed design and planning, supporting well construction, intervention, and decommissioning activities. As part of its integrated well engineering offering, Petrofac will continue to

www.ogv.energy I November 2022

Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business said: “The UK, our home for more than 25 years, is where we first honed our now world-leading well engineering skills. I’m proud of the value we have been delivering to Dana for the last five years, but there is no better validation of our delivery than our customer’s decision to retain our services. We look forward to supporting their delivery of value for their shareholders through continued safe, reliable and efficient operations.” Andy Duncanson, Chief Operating Officer at Dana Petroleum added: “We are really pleased to award this new contract to Petrofac. Dana is committed to doing all we can to support the supply chain and nurture the specialist skills that are so important for both our business and the wider sector”. This long-term UK contract builds on Petrofac’s tier one wells and decommissioning experience and follows recent major decommissioning contract awards in Australia, Africa, and the Gulf of Mexico.

Abu Dhabi National Oil Company awarded a contract worth $980 million to ADNOC Drilling to hire two jack-up offshore rigs, the company said. The award will support the expansion of ADNOC's production capacity as it responds to the growing global demand for lower carbon-intensity oil and gas, the company added. ADNOC's offshore operations are supporting the company's goal to increase production capacity to five million barrels per day (mbpd) by 2030 and enable gas self-sufficiency for the United Arab Emirates, ADNOC said. ADNOC Drilling is critical to delivering on ADNOC's strategic objectives, the statement added. Including the contract announced on Thursday, ADNOC Drilling's awards from ADNOC Offshore in 2022 stand at $5.95 billion.

CONTRACT AWARDS

Adnoc awards $1.5bn drilling contract to expand offshore capacity in the emirate Abu Dhabi National Oil Company (Adnoc) has awarded a $1.53 billion contract to Adnoc Drilling, aimed at expanding the production potential of its offshore fields. The operator said in a statement that the twoyear contract “covers the provision of 12 jackup rigs and two island rigs and the associated Integrated Drilling Services (IDS). “This award will leverage ADNOC Drilling’s start-to-finish offering as well as its position as the largest drilling company in the region by rig fleet size to drive value and efficiencies while minimising environmental impact”, the operator said. Adnoc noted that the new contract award supports the expansion of its "crude oil production capacity to 5 million barrels per day (bpd) by 2030 and gas self-sufficiency for the UAE."

Double win for Wood in Brazil UK oilfield services provider Wood has been awarded two offshore contract extensions in Brazil, which include the provision of operations services for Trident Energy and maintenance solutions for Equinor. In July, Wood and Trident Energy signed an agreement to perform production and deck operation services onboard platforms P08, P65, PCE1, and PPM1. This contract is a oneyear extension of the existing agreement that began in 2020, and the continuation of a longterm relationship between both companies. In support of Trident’s mature field development, Wood has also been awarded Engineering and Modification projects for the same assets. The Equinor contract is the fourth, one-year extension awarded to the team, with the contract initially secured in 2015 as a four-year commitment with options to extend. Wood’s team, now consisting of approximately 640 people mobilised on a large maintenance and technical upgrade campaign, will continue to provide maintenance solutions to optimise the Peregrino assets. Equinor restarted production at the Peregrino field a couple of months ago, after more than two years of it being shut-in. The company is now preparing for the start-up of Phase II, which will extend the lifetime and value of the field and add 250-300 million barrels. Peregrino Phase I consists of an FPSO unit, supported by two wellhead platforms – Peregrino A and Peregrino B. Peregrino II

There are growing suggestions among multiple Gulf State sources that Adnoc will fast-track these ramp-up plans to reach the 5 million bpd target by 2025, led by market fundamentals and an assessment of limited spare capacity of leading producers in the region. A formal announcement on advancing its production capacity target is yet to be made by the company, and it officially still maintains a target of 5 million bpd capacity by 2030.

consists of a wellhead platform – Peregrino C – and related facilities. Hugues Corrignan, Wood’s Country Manager for Brazil, said: “These contracts reinforce the trust our clients have in Wood’s capabilities to deliver maintenance, engineering and modification projects throughout the life of their assets. With 20 years of experience in the region, our team in Brazil has unparalleled expertise in mature field development and a proven history of working together with asset operators to secure energy safely and responsibly.” Earlier this week, Wood also secured a long-term, multi-region deal with BP, covering its offshore portfolio. The five-year engineering services contract will see Wood support BP’s energy production through the provision of asset repairs, modifications, and enhancements.

The Abu Dhabi giant has also unveiled a $127 billion capital expenditure plan for 2022-2026, as it embarks on multiple offshore oil & gas expansion projects. Yaser Saeed Almazrouei, Adnoc’s upstream executive director said that through the recent award, the company “will continue to responsibly harness the energy in Abu Dhabi’s waters, as it increases production capacity to meet the world’s growing demand for energy with lower carbon intensity oil and gas”.

Neptune Energy awards $53 million contract to CHC for Dutch sector

Neptune Energy announced it has awarded a contract worth $53 million to CHC Helicopters for offshore transport in the Dutch North Sea, optimising flight schedules and reducing associated emissions. CHC will provide regular transport to and from the 29 offshore platforms it operates in the Netherlands. The contracts are part of a longer-term Alliance Agreement with CHC which will enable Neptune and CHC to optimise flight scheduling and route planning, and reduce the total number of offshore flights. Neptune Energy’s Head of Supply Chain & Logistics in the Netherlands, Nicola Goodwin, said: “The new Alliance Agreement is an innovative approach for Neptune Energy and our service partner. “It will enable us to build on our good safety record, reduce the CO2 emissions associated with offshore transport, and improve overall efficiency.” The Alliance Agreement has been awarded for three years, with two one-year extension options available.

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ON THE MOVE

SPONSORED BY

John Begley John is a Managing Director for Norman Broadbent Group and leads our industrial practice. He has over 20 years’ experience across Executive Search, Research & Insight, and Leadership Advisory (Leadership Development, Psychometric Evaluation, and Leadership Assessment).

www.normanbroadbent.com We have a simple and straightforward objective: to help our clients manage and successfully drive change, mitigate risk, grow, and succeed.

During his career, John has worked with business leadership teams across the UK, Europe, Middle East, US and Asia Apcific, primarily in the Industrials space. John works closely with companies of all sizes and ownership structures including prerevenue start-ups, private equity-backed, privately and publicly owned, Aim listed, and International PLCs.

ABERDEEN-based Dana Petroleum has appointed a new CEO from its Korean parent company

Jongwoo Kim has taken on the role and joins from the Korea National Oil Corporation (KNOC).

Equinor announces the appointment of Torgrim Reitan as CFO

Torgrim Reitan has been appointed Chief Financial Officer and executive vice president in Equinor (OSE: EQNR, NYSE: EQNR), with effect from 6 October 2022. Reitan succeeds Ulrica Fearn who has decided to leave the company to pursue a CFO opportunity outside the company. Ulrica Fearn will be available to secure a good hand over to her successor until further notice. “I am very pleased to welcome Torgrim back to the Corporate Executive Committee. Torgrim has a very strong background to take on the complex challenge as CFO in Equinor, as we progress our ambition to be a leading company in the energy transition. In the current energy crisis, it is a definite strength to have Torgrim in my top management team, with his experience as CFO, from our upstream business, from trading and operations of natural gas, and lastly from the acceleration of growth in our renewables business,” says Anders Opedal, president and CEO of Equinor. “I look very much forward to joining the CEC and to work closely with Anders and his very strong team in handling the current energy crisis, while using my broad experience contributing to drive the momentum in our transformation towards net zero in 2050,” says Torgrim Reitan.

www.ogv.energy I November 2022

Chris Smith, Partner

He takes over from Yongwoo Kang, who joined in February 2019, who returns to KNOC to become its senior executive vice president for exploration and production. Mr Kang will remain on the Dana board of directors. His replacement, Mr Kim, has spent nearly 30 years working for KNOC. Since 1992, he has worked across new ventures, the oil tankage business, strategic petroleum stockpiling and managed other subsidiary firms. He has a bachelor’s degree in English education from Seoul National University and an MSc in finance from the University of Denver in Colorado.

Pipeline specialist STATS Group strengthen board with Finance Director appointment

STATS Group has strengthened its management board with the appointment of Ross Wallace as director. Ross joined the Aberdeenshire pipeline technology specialist in 2011 and has worked in several finance roles, including Group Financial Controller ahead of his promotion to Finance Director. He was instrumental in helping establish STATS as a major pipeline solutions provider in North America during a seven-year spell based in Edmonton and Houston, before returning to a senior role at STATS Kintore headquarters. Leigh Howarth, STATS Group Chief Executive Officer, said: “In his 11 years at STATS, Ross has grown with the business, developing his professional and commercial capabilities, and is an excellent example of the career opportunities we’ve been able to provide as the business has progressed.

Edwrds Heerema, founder and President of Allseas, steps down.

Allseas founder and President Edward Heerema is stepping aside after nearly four decades at the helm. Eldest son Pieter will assume the role of President of the Allseas Group. Edward will remain as Chairman and concentrate on developing and integrating new technological developments. This milestone moment in Allseas history was officially announced on 15 September at a special ceremony in Rotterdam, the Netherlands. Edward Heerema launched Allseas in 1985 and has since built the company into a global offshore contractor.

ON THE MOVE

Rovco, an experienced global provider of subsea robotics and hydrographic survey solutions to the marine renewable and wider energy sectors, has its sights set on supporting the energy transition in the US market with the strategic appointment of Mitchell (Mitch) Johnson as the company’s new Director – Americas.

Aberdeen headquarted EnerMech promotes Alison Hazell to marketing and communications director

Mitch joins Rovco at an exciting time as the company seeks to expand its international offering, bringing operational excellence, learning and expertise from its extensive portfolio of offshore wind projects across the UK and Europe.

EnerMech has bolstered its senior management team with the promotion of Alison Hazell into the newly created position of marketing and communications director. Based at the firm’s Aberdeen headquarters, Alison’s new role has been confirmed at a pivotal time for the business as it progresses its strategic plan that will drive the sustainability and growth of the business, delivering value to clients in both new and existing end markets and geographies.

Rovco enters US market with strategic appointment

Mitch brings significant experience to the new role. With skills in offshore operations and project management, he began his career as a marine surveyor before moving to San Diego where, as lead surveyor, he worked on new construction ship building for the US Navy.

In the quest for accelerating the company’s growth in core markets as well as renewables, nuclear, infrastructure, defence, semiconductors, Alison will implement a new group-wide marketing plan to underpin its ongoing ambitions.

8 6

Weatherford Appoints Executive Vice President of Operational Excellence

Weatherford International plc ("Weatherford" or the "Company") has appointed Charles "Chuck" Davison, Jr. as Executive Vice President of Operational Excellence, effective September 30, 2022. Mr. Davison brings 25 years of experience in growing and transforming international technology-focused businesses in oil and gas services, energy infrastructure, and industrial, consumer, and engineered products. Mr. Davison joins Weatherford from Strike, LLC., where he served as President and CEO. Prior to that, he was the Chief Operating Officer for Oceaneering International for over two years. Girish Saligram, Weatherford President and Chief Executive Officer, commented, "We are pleased to welcome Chuck to our Executive Leadership team. He is a proven leader with demonstrated results, which make him ideally suited to drive further alignment, collaboration, and coordination across our operating functions as the Company continues to deliver strong results and customer satisfaction."

Ashtead Technology Appoints James Christie as Head of Mechanical Solutions Business

UK-based subsea equipment rental and solutions specialist Ashtead Technology has appointed James Christie as the new leader for its Mechanical Solutions service line. Ashtead Technology said that Christie, who is Regional Director for Ashtead Technology’s Asia Pacific region and has been with the company for over three years, also assumes the role of Head of Mechanical Solutions "as the company looks to cement its market position as a leader in IMR and decommissioning services for the global offshore energy sector." Christie has over 22 years’ subsea industry experience following a career that has seen him accumulate extensive experience of both offshore and shore based ROV and life of field operations. In his expanded role, Christie will continue to be based in Singapore and will work with Ashtead Technology’s regional teams to grow the company’s capabilities and drive forward the international expansion of its mechanical solutions service line which specialises in subsea cutting, dredging, coating removal technologies and ROV tooling & associated services all built through the acquisitions of Forum Subsea Rentals, Underwater Cutting Solutions, Aqua-Tech, and most recently, WeSubsea.

Content provided by Norman Broadbent

Offshore Energies UK announces new Chair of the OEUK Diversity & Inclusion Task Group

Ian Clifford has been appointed as chairman and non-executive of the board while chartered accountant, Catherine Earl will take up the role of strategic finance director. Mr Clifford was on PX Group’s management buy-out team before going on to become the firm’s chief executive in 2013. During his time at the helm, Clifford saw PX Group named the North East’s fastestgrowing company in 2015 and a private equity buy-out the following year. He joins Quanta from Axiom Engineering, where he will remain a non-executive director as he oversees the general management at the Aberdeen engineering company. With more than a decade of experience working for several leading energy supply chain companies in senior financial roles, Catherine Earl began her financial career at PWC. Ms Earl will be responsible for the financial management of Quanta, including building robust financial processes and providing accurate financial intelligence.

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Oil rig repurposed as visitor attraction on Weston-super-Mare shoreline of the project’s narrative, along with a wider focus on “looking optimistically forward”. When the search for the installation’s base structure started in March 2021, O’Mahony says they came across “a graveyard of decommissioned off-shore rigs”. He adds that one of the project’s barriers was the logistics of the “permissions and processes” they had to go through to get the rig into the UK. Seemonster, a design experiment led by Newsubstance, seeks to encourage visitors and designers to “look optimistically forward” in the field of renewable approaches. Newsubstance has led experimental project Seemonster, which saw a decommissioned oil rig turned into an installation to encourage reuse. Seemonster is one of ten central-governmentfunded projects commissioned as part of Unboxed festival. The festival aims to champion experiments within creativity across the UK and encourage the collaboration of cross-sector teams, from the creative industries to those who work in science, technology, and engineering. Newsubstance comprises a full creative, design and fabrication team. According to the studio’s founder and creative director Patrick O’Mahony, the team works across “ceremony and entertainment designing” and creates “big, ambitious structures”, such as for the Coachella music festival. O’Mahony explains how the first stage of the funding application process involved forming “a team of interesting people”. After being selected out of 300 teams in October 2020, Newsubstance and partners entered a threemonth research and development phase. From early conversations, it was clear that everyone had an interest in “reuse as a principle”, “renewable technologies” and “the significance of Great British weather to our cultural identity”, says O’Mahony. He adds that these elements became the “three pillars”

www.ogv.energy I November 2022

“It’s a world-first” There was something meaningful about taking a 25-year-old rig from the North Sea and “rehabilitating it”, says O’Mahony, as it had “spent its life taking from the earth” but now had an opportunity to “reframe the conversation”. He adds, “The rigs exist globally, and all of them go through decommissioning cycles, but no one has ever cracked how to reuse them like we have before, so it’s a world-first in that space.” Once the team knew they could source a rig, it was decided that it would be situated it in a coastal town as it would be easier to bring the rig into it. O’Mahony also says that a coastal location resonated with the “Great British weather” theme, as visitors often experience a variety of weather conditions on UK beaches. He explains that Weston-super-Mare was “a favourite” from the start and provided them with “a venue right on the beach” plus the added value of Banksy’s Dismaland having been there. Though bringing a structure of that size onto a beach is “not without its controversy”, O’Mahony says both the local people and council in Weston-superMare were supportive. Despite this, Newsubstance and the wider team came up against other barriers, such as building in unpredictable British weather conditions which slowed down the project. The structure stands at 35 metres and has four publicly accessible levels. It houses various installations, such as a ten-metre-high waterfall, a 6,000-piece kinetic installation which forms the Seemonster’s scales, kinetic wind sculptures, a wild garden, a seated amphitheatre and, at its base, a broadcast studio.

While Newsubstance operated as creative directors across the project, the team worked with different collaborators where needed. Across design and build, there were “almost 200 people involved in total”, say O’Mahony. Self-employed greensman Peter Beardsley worked across the design and planting of the wild garden, selecting grasses plants and trees that would thrive in a seaside micro-climate. Clean energy The WindNest installation comprises two rotating airborne pods and seeks to generate clean energy through wind and solar technology by powering the irrigation system for the Garden Lab on the structure. Designed by American artist Trever Lee and made in collaboration with Land Art Generator Initiative, the installation aims to present an innovative solution to achieving a net-zero carbon future. Wales-based kinetic sculptor Ivan Black has created two sculptures which seek to represent the sun and moon. Sections of the sculptures rotate on their symmetrical axes when set in motion by the wind. Being made from aluminium means it should withstand the elements, particularly the corrosive salt in the sea air. Architect Brian Buckner worked on “the masterplan for the layout” to maximise “people flow and the functionality of the design”, says O’Mahony. Newsubstance’s internal design team worked on the scales of the monster, which sit at the front of the structure. What happens when it finishes? When the festival ends on 5 November, the whole structure will be decommissioned, stripped down and recycled. According to O’Mahony, “all the renewables from the structure will go into the wider region of Weston-super-Mare”, such as the wild garden, which will be transfered to a new park in the area. While the Seemonster’s time in Weston-super-Mare is finite, O’Mahony says that he is “already seeing a ripple effect from the project”. He adds, “Now we have a blueprint for accomplishing reuse with this kind of structure and we’ve had calls with partners in the states and in the Middle East about reuse in their territory.” Although O’Mahony thinks that “design in renewables hasn’t really moved forward that far” in recent years, he believes that this project is a “huge step in the right direction”.

DECOMMISSIONING Frederikshavn confirmed as decom location for Foinaven FPSO It has been confirmed that the Foinaven FPSO is indeed heading for the Port of Frederikshavn to be broken up and recycled. In a post on LinkedIn, a senior figure from Modern American Recycling Services Europe (MARS) said the company has been awarded a major “EU Green Recycling contract” for the Teekay-owned vessel. The deal includes engineering, preparation, dismantling and green recycling of the 820.87 foot long unit for an undisclosed sum. Foinaven, which spent 25 years in the North Sea, West of Shetland, has now arrived at Frederikshavn, having left the west coast of Scotland last week. There had previously been speculation that it was heading to the MARS facility in Denmark. MARS has said that the project is expected to take 14 months and will sustain 45 jobs. On LinkedIn, Marcella Croes-Schalken, MARS’ chief commercial officer for all nonUS business said: “MARS Europe has been

awarded a contract by Teekay Corporation for dismantling and green recycling of the Petrojarl Foinaven FPSO, after 25 years of service in the North Sea. “The Petrojarl Foinaven is a 250,2m long FPSO. The Petrojarl Foinaven FPSO was commissioned in 1996 and has been on location in the Foinaven area, since 1997. The Foinaven field was the first deepwater development at the west of Shetland. The Foinaven field is situated approximately 120 miles west of the Shetland Isles within the

Faroes Shetland Trough. First oil from the field was in November 1997. “The contract includes engineering, preparation, dismantling and green recycling of the unit. The Petrojarl Foinaven is expected to arrive at MARS Europe within October 2022. “We are glad that Teekay is returning to M.A.R.S., Europe, in the Port of Frederikshavn to retire and green recycle the Petrojarl Foinaven FPSO in an environmentally friendly manner.”

Industry Initiative to Support Professional Development in Late Life and Decommissioning services A joint initiative has been launched by Decom North Sea, Offshore Energies UK (OEUK) and international energy industry consultancy, Xodus Group, which is aimed at supporting the career development of individuals moving into the late life and decommissioning sector. Emerging Professionals in Late Life & Decommissioning (EPLLD) has been established in recognition of the need to foster future talent in a growing sector, which will service the global oil and gas, nuclear and renewable industries. The group, which is free to join, will offer a series of events, mentoring and guidance to members to improve understanding of the opportunities that lie ahead, widen networks and help identify blockers and enablers to future talent development. This will ensure that individuals who are moving into the sector, regardless of career stage, can take advantage of the support provided. The initiative has been established by a founding quorum of emerging professionals, steered by Chair, William Garston, Senior Decommissioning Engineer, Xodus Group and Vice Chair, Alanna Kidd, Decom Project Engineer at Fairfield. Sponsors of the initiative are Sam Long, CEO Decom North Sea, Suzie Coull, OEUK Business Adviser - Decommissioning and Wells, and Gareth Jones, Xodus Group Decommissioning Division Manager.

Explaining the catalyst behind the creation of the EPLLD, Will Garston comments: “It is already clear that a sustainable workforce will shortly become one of the decommissioning sector’s biggest challenges. This group seeks to address this with immediate effect by nurturing both technical and personal development, promoting opportunities and showcasing the diverse and challenging career path that is late life and decommissioning.” Alanna Kidd adds: “We cannot dispute the impact a global pandemic has upon

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individuals’ opportunity and ability to network in a professional context. Our key objective is to facilitate or reignite the connections which make for a thriving, sustainable sector, whether those be with individuals, academic institutions, companies or trade organisations.” Emerging Professionals in Late Life & Decommissioning (EPLLD) holds its inaugural, online workshop on 21 October 2022. For details of how to join, visit the Eventbrite listing , join the Emerging Professionals in Late Life & Decommissioning members group on LinkedIn

STATS & ANALYTICS

STATS & ANALYTICS PROVIDED BY

Field Development Update

Westwood Global Energy Group are specialist providers of detailed market intelligence for the offshore energy sector, covering; offshore rigs, production facilities, subsea equipment, subsea services, offshore marine and offshore renewables and power.

Offshore O&G-related engineering, procurement, and construction (EPC) contract awards announced in the last 30 days are estimated at US$10 billion, bringing the year-to-date total to US$36.7 billion (excluding letters of intent). This represents 54% of total EPC award value anticipated in 2022, driven by 187 subsea trees, 2,300km of SURF, 3,000km of line pipe, 13 floating production systems (FPS) and 62 fixed platforms. During the period under review, major final investment decisions (FID) announced include BP’s Cypre project (Trinidad & Tobago), Shell’s GKGJE Phase 4 development (Malaysia), TotalEnergies’ Fenix field (Argentina), as well as One-Dyas’ N05-A project (Netherlands). Key EPC contract awards include Petrobras’ award to Sembcorp Marine for construction of the P-82 floating production, storage and offloading (FPSO) unit, as well as a similar award to Keppel for the P-83 FPSO, with both EPC contracts valued at over US$6.1 billion. Following an FID on Shell’s Rosmari-Marjoram project, Malaysia Marine and Heavy Engineering (MMHE) was awarded the EPC contract for an unmanned offshore platform to be installed on the development. The offshore platform will primarily be powered by renewable energy, where it will utilise power from solar panels.

www.westwoodenergy.com

Offshore Field Development available from

SubseaLogix & PlatformLogix SubseaLogix PlatformLogix

Expected

Sanctioned

70 60 31.3

50 40

76.9

30 47.3

20 10

16.5 2019

2020

www.ogv.energy I November 2022

5 Sanctioned Firm Probable Possible

FPS Throughput Additions by Year of Sanction kpoepd 3000 2500

LNG

Gas

Liquids

2000 1500 1000 500 0 2019

2020

2021

2022

2023

Offshore O&G EPC Awards 2022-26 by E&P $billions to be awarded

17.9

11.6

11.2

10.8

9.7

9.2 ENI

9.0

8.6 Other

21.4

Shell

39.7

QatarEnergy

119.8

ExxonMobil

Finally in Canada, The Canadian province of Nova Scotia has announced a target of awarding 5GW of offshore wind lease areas by 2030. The lease areas will be awarded via a competitive tendering process that will be jointly managed by the provincial and federal governments. The first call for bids is scheduled to take place in 2025. Once 5GW of offshore wind lease areas have been awarded, future lease bidding rounds will be based on market opportunities.

2023

170

Woodside

Dominating headlines was news that the Celtic Sea lease areas planned to be offered by The Crown Estate in the UK's 4GW Floating Wind Leasing Round, have been refined. The size of zones two, three and four have been reduced and zone one and five have been removed. The areas will be further reduced in the coming months. The lease areas will be offered via a competitive tender which is scheduled to be launched in mid-2023 and bids will not be capped.

2021

Saudi Aramco

Since the last update, Vestas has been selected as the preferred turbine supplier for three offshore wind farms. The turbine OEM has been selected to supply its V236-15.0MW turbine for wind farms located offshore the UK, Poland, and the US. A total of 76 turbines will be supplied to the Baltic Power wind farm; 72 turbines will be supplied to Inch Cape and the company will also supply turbines for the 1.5GW Atlantic Shores project.

187

Equinor

Offshore Wind Update

2022

Subsea Tree Awards

#XTs

Petrobras

Finally, drillship demand stayed constant at 76 units, leaving only five units available in the market with another 15 rigs cold stacked. Marketed, committed utilisation and total fleet utilisation were maintained at 94% and 79%, respectively. 13 new contracts with a total of 2,153 drilling days were awarded in September, of which SE Asia and North America represented 21% and 54% of drilling days.

2021

Westwood’s 2022-23 outlook assumes a $65/bbl Brent oil price

2022

The global committed semisubmersible (semi) count dropped by two to 67 this month. There are 15 available rigs and 14 cold stacked units. Marketed, committed utilisation declined from 84% to 82%, while total fleet utilisation fell to 70%. 13 new fixtures with a total of 1,748 drilling days were recorded. Most notably, General Hydrocarbons awarded a one-year contract to Dolphin Drilling semi Blackford Dolphin, to work off Nigeria commencing 1Q 2023.

36.7

Offshore Rig Update The global committed jackup count sustained at 386 units in September. The available and cold stacked jackup count stands at 47 and 54 respectively. Both marketed, committed utilisation and total fleet utilisation maintained at 90% and 80%. 19 new fixtures were made in September with a total of 8,871 drilling days, whereby more than half of the fixtures came from the Middle East region.

42.0

TotalEnergies

Nevertheless, major EPC awards anticipated in 4Q 2022 include a formal contract for Shell’s Gato do Mato FPSO and the Nganhurra FPSO bound for Azule Energy’s Palas, Astrea and Juno (PAJ) development offshore Angola. In 2023, Westwood expects EPC awards for up to 20 floating production systems (FPS), with Petrobras set to issue tenders to charter two FPSOs to be deployed on its Sergipe-Alagoas development offshore Brazil. Units for Exxon’s Uaru development (Guyana), Azule Energy’s Agogo, Eni’s Agogo and Woodside’s Trion FPSS are key awards to watch.

CNOOC

An additional US$31 billion in offshore EPC contract award value is forecast for the remainder of 2022, of which 66% will be concentrated offshore Norway, Qatar and Saudi Arabia, including Equinor’s Wisting, Aker BP’s NOAKA, and QatarEnergy’s North Field expansion projects. However, global supply chain challenges continue to impact the contract award timeline for projects originally anticipated in 2H 2022, with delays to sanctioning Santos’ Dorado development offshore Australia, whilst Petronas cancelled an FPSO tender for its Limbayong-Bestari project offshore Malaysia.

Offshore O&G EPC Awards

$billions

Offshore Energy Services Dashboard October / September 2022

RigLogix

Offshore Rigs available from Global Rig Count Jackups

Drillships

486

Jackups

Semisubs

Drillships

October 1

697.0

91.6

132.8

September 1

716.6

89.5

119.8

RigLogix

Backlog Month-on-Month (Rig Years)

Semisubs

Drillships

Semisubs 67 386

Contracted

Available

Stacked

Regional Rig Count Month-on-Month (October vs September) Semisubs

Drillships

3.7 2.1

US GoM

SE Asia

South America

Arabian Gulf

Global Rig Utilisation Jackups

-0.3

-0.9 -0.1

-1.2 -0.4

Global

NW Europe

US GoM

SE Asia

Semisubs

South America

Arabian Gulf

Drillships 100%

90% 85% 80% 75% 70% 65% 60% 55% 50% 45% 40%

90% 80% 70% 60%

Effective Total

50%

Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 Sep-22

40%

Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 Sep-22

90% 85% 80% 75% 70% 65% 60% 55% 50% 45% 40%

1.2 -2.9

South America

NW Europe

-2.9

SE Asia

Global

-2.9 -0.8

US GoM

Gulf

-0.9

NW Europe

Arabian Gulf Arabian

-0.3 -0.4

Global

South America South America

SE Asia

-2.9 -1.4

2.1

Arabian Gulf

SE Asia

-2.0

South America

-2.9

SE Asia

NW US GoM Europe NW Europe US GoM

-1.2 -0.5

US GoM

Global Global

-0.9 -0.1

NW Europe

-0.3 -1.0

Global

-2.9 -1.0

2.1 0.2 -1.2

Arabian Gulf

Jackups

WindLogix

Offshore Wind available from

WindLogix

Offshore WTG Awards (excl. Mainland China)

#WTGs 1800

Expected

1600

Awarded

4% 4%

13%

1400 16%

1200

20%

Awarded by OEM

1000

55%

Expected by Region

800 17%

600

24%

400 200 0 2019

2020

2021

2022

2023

Siemens Gamesa

Vestas

General Electric

Goldwind

Ming Yang

Other

STATS & ANALYTICS SPONSORED BY

West Europe North America Asia East Europe & FSU

43%

LEGAL & FINANCE

Elaine McIlroy, Parnter, Brodies.

VISA ROUTES AFTER OFFSHORE WIND WORKER CONCESSION ENDS A Scottish Government paper published in October 2022 noted that offshore wind accounts for about 70% of our renewable energy capacity and that offshore wind is set to become the largest part of the Scottish Renewables sector in the years ahead. Businesses in the wind industry will need workers with the right skills in order to expand and, where there are skills shortages within the UK labour market, employers will no doubt seek to recruit migrant workers in order to fill any gaps. So what options are there for migrant workers to work in the UK in offshore wind?

In 2017, the Home Office introduced a concession to the Immigration Rules. This permitted the employment of overseas nationals who were joining vessels involved in the construction and maintenance of offshore wind farm projects in UK territorial waters. Importantly they did not have to obtain sponsorship to work in the UK under the skilled worker route or any of the other visa routes typically used to secure permission to work for migrant workers. Limited paperwork was needed although in some cases depending on the nationality of the individual concerned, they needed to obtain a 'transit visa' in advance of travel to the UK. This was a much more straight forward process than other types of work visa. No sponsor licence was required. No English language requirement had to be satisfied and there were no minimum skills or salary requirements under the terms of the concession. Although it had been extended several times, the Home Office had always said the concession was temporary, and earlier this year it was announced that it would finally end on 31 October 2022.. This means many businesses who operate in offshore wind now have to consider alternative visa routes to bring in overseas nationals to work. From 1st November 2022 all non-British and non-Irish nationals coming to work in the UK will need a work visa or other permission to work in the UK.

What visa options are there from 1st November 2022? For those employers within the industry who have used the concession, it is important to ensure that any workers have the appropriate visa in place to continue doing the work in question. There are various options that may be open to individuals to work in the UK. Options include: • Skilled Worker Route – this depends on a UK based business being able to obtain a sponsor licence under this route. This usually requires the business to have a branch or subsidiary in the UK. For some UK businesses this is not an issue but for others supplying workers from outside the UK who do not have a presence there, it may not be possible to meet the requirements of this route. The

www.ogv.energy I November 2022

Elaine McIlroy

skilled worker route covers a broad range of jobs – but not low skilled jobs. This route is also subject to a minimum salary and English language requirement. For those who cannot satisfy this , alternative options may need to be explored. • Global Business Mobility Routes – there are numerous options under this route which may be relevant. For example, there is a visa available for certain eligible contractual service suppliers and senior and specialist workers from overseas group companies. Again, a sponsor licence is required and only certain highly skilled roles are eligible (not medium skilled or low skilled). A key benefit to this visa route is that there is no English language requirement. • Frontier Worker Permits – this route only applies to those EEA or Swiss nationals who were engaged in employment or selfemployment in the UK before the Brexit transition period ended. In addition, those individuals must normally have continued to come to the UK for work or self-employment on a regular basis (usually at least once a year) since (subject to certain exceptions). This permit is free. There is no English language requirement. So it can be a flexible form of permission to work (usually for five years initially) for those who qualify.

For those who cannot easily obtain permission to work, the UK business visit rules might provide some solutions for shorter term visits to undertake limited business activities. Some individuals may need to obtain a visitor visa in advance and advice should be sought before relying on such a route given the more limited activities which are permitted. There are some possible solutions to those employers looking to recruit international talent in offshore wind to replace the concession from 1st November 2022. However, advice should always be sought on your specific circumstances as the devil is in the detail - and planning in advance is critical.

The risk of losing the individual to another business once the contractor market opens up again in April 2023 will need to be balanced against the potential criminal offences around failing to prevent facilitation of tax evasion, and also individuals using a period of employment to later argue that they have continued to enjoy the rights and protections afforded to workers or employees.

Experts in travel management Delivering unique and valuable travel management solutions for companies operating in the Energy sector.

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7-11 - NUREMBERG, GERMANY, ON-LINE

EUROPEAN E-FUELS CONFERENCE 9-10 - HAMBURG, GERMANY

EAST AFRICA OIL & GAS SUMMIT 15-17 - NAIROBI, KENYA

GLOBAL HYDROGEN CONFERENCE 2022 16 - UNITED KINGDOM

ELECTRICITY NORTH AFRICA 17-19 - MOHAMMADIA, ALGERIA

PETROLEUM ASIA EXPO 22-24 - KUCHING, MALAYSIA

ALGERIA ELECTRICITY & WATER EXPO 22-24 - ALGERIA, EXHIBITION PALACE

OFFSHORE ENERGY EXHIBITION AND CONFERENCE 29-30 - AMSTERDAM, NETHERLANDS

WORLD LNG SUMMIT & AWARDS 29 - ATHENS, GREECE

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VIEW ALL EVENTS AT www.ogv.energy/events

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OGV Energy - Issue 62 - November 2022 - International Growth