The rigs utilize data collected from a range of sensors monitoring machinery and structural health to improve their performance Image: ABS and Keppel build the new rigs with smart notations. Photo: courtesy of C Morrison from Pixabay. ABS partnered with Keppel Offshore & Marine (Keppel O&M) in developing the first two new build Drilling Rigs with Smart Notations. One of the rigs, which was delivered earlier this year for work in offshore Mexico, is already online with its performance being monitored from Singapore.In line with issuing the ABS Guide for Smart Functions for Marine Vessels and Offshore Units, Keppel O&M is recognized as the first shipyard group to integrate smart functions into rigs.Demonstrating ABS and Keppel leadership in offshore digital technology, the rigs utilize data collected from a range of sensors monitoring machinery and structural health to improve their performance.As part of a Joint Development Project (JDP) with Keppel, ABS refined its methodology to verify and validate Smart Functions, supporting a more data-centric approach to survey after construction and ultimately assisting rig owners to move to a rig-specific Condition-based Class approach.“These rigs set a new benchmark for offshore assets, underlining how ABS is setting the pace in digital innovation in the marine and offshore industries,” said ABS Chairman, President and CEO, Christopher J. Wiernicki. “Smart functionality for both machinery and structures provides a rich stream of data we can leverage in a Condition-based Class approach, offering data-driven insights to focus surveys on areas that need attention—while potentially offering increased uptime and optimizing maintenance practices. As a world leader in digital, ABS is dedicated to harnessing the benefits of these technologies for our clients.”Mr. Chris Ong, CEO of Keppel Offshore & Marine said: “These are the industry’s first drilling rigs with Smart Notations and demonstrate how Keppel is adding value with our proprietary RigCare Solution. This encompasses a suite of digital services, which in close collaboration with ABS and partners, supports the rig’s lifecycle needs. RigCare Solution will significantly transform the efficiency, safety and operability of the rig. We have been monitoring the performance of the first rig in offshore Mexico from our HQ in Singapore and we are pleased with how the system is supporting our customer’s operations in real world conditions. Greatly appreciate the support from ABS in this JDP.”ABS and Keppel will continue to work together in this JDP on a variety of projects covering a wider range of vessel types and assets.In 2018, ABS introduced comprehensive guidance providing the marine and offshore industries a goal-based framework to enable data-driven decision making based on smart technology. The ABS Guidance Notes on Smart Function Implementation support data infrastructure development, enabling health and performance monitoring and augmenting vessel operations leading to more informed decisions in support of fast-moving environmental requirements. The guidance sets an actionable framework for owners, operators and equipment manufacturers to take smart steps today in preparation for an environmentally sustainable future. Source: Company Press Release
Image: Noble Energy holds a 25 percent working interest in the Tamar project. Photo: Courtesy of Free-Photos from Pixabay. Noble Energy, announced that the Company and its partners have amended their agreements for the sale of natural gas to Dolphinus Holdings Limited from the Leviathan and Tamar fields. The amended agreements now provide for total combined firm contract quantities of 3 trillion cubic feet (Tcf) of natural gas, more than doubling the firm volume commitments previously agreed. In addition, each agreement has been extended by five years to reflect 15-year terms.These contracts replace the previous firm commitment of 1.15 Tcf from the Leviathan field and the previous interruptible quantity of 1.15 Tcf from the Tamar field. Both contracts include take or pay commitments. During the two-year period ended June 30, 2022, Leviathan will backstop any volume commitment that Tamar is unable to deliver under the amended agreement.David L. Stover, Noble Energy’s Chairman and CEO, stated, “This agreement is a major step for Noble Energy’s Eastern Mediterranean projects, expanding the long-term export demand in the region. The supply flexibility between assets will enable Tamar to continue producing at high rates, while Leviathan grows rapidly toward its initial capacity. With first gas from Leviathan anticipated by the end of the year, this agreement provides further clarity to our 2020 cash flow profile and beyond.”The amended agreements are subject to certain regulatory approvals. In addition, the Company and its partners are working to complete the acquisition of interest in the EMG Pipeline, which is anticipated to occur early in the fourth quarter of 2019.Noble Energy holds a 39.66 percent working interest in the Leviathan project. Other interest owners include Delek Drilling LP with 45.34 percent and Ratio Oil Exploration LP with 15 percent interest.Noble Energy holds a 25 percent working interest in the Tamar project. Additional partners include Isramco Negev 2 LP with 28.75 percent, Delek Drilling LP with 22 percent, Tamar Petroleum Ltd. with 16.75 percent, Dor Gas Exploration with 4 percent and Everest Infrastructures with 3.5 percent. Source: Company Press Release The contracts replace the previous firm commitment of 1.15 Tcf from the Leviathan field and the previous interruptible quantity of 1.15 Tcf from the Tamar field
Project Atlas was brought into production by Senex Energy in October 2019 Project Atlas gas processing facility. Photo: courtesy of Senex Energy Ltd. Senex Energy said that it has achieved first gas sales from Project Atlas, nearly two months after bringing the Surat Basin gas project into production.The onshore gas project is located on a 58km2 area near Wandoan and Miles in Queensland, Australia.The first gas sales were made into the east coast market ahead of schedule, said the company with the buyer being CleanCo, a Queensland-based power generator.Senex Energy said that production of sales gas had started after commissioning the first two trains of the project’s gas processing facility. The capacity of the gas processing facility is 15 petajoules per annum (40 TJ/day), which will come from a total of five trains.The company will start gas sales to its other customers CSR and Orora from 1 January 2020.Gas from the Project Atlas is supplied at the Wallumbilla Gas Hub in Queensland through a 60km buried pipeline. The pipeline’s construction was completed by Jemena in October 2019 and subsequently the same company wrapped up its work on the gas processing plant.Senex Energy managing director and CEO Ian Davies said: “With the support of the Queensland Government, Senex has successfully delivered this development within 18 months of grant of the Petroleum Lease. We have achieved this on budget and ahead of schedule, allowing early gas sales to be made to one of our foundation customers, CleanCo.”Senex Energy to complete initial drilling campaign at Project AtlasDavies added that the company is now focusing on completing the initial drilling campaign of nearly 60 wells by mid-2020, while ramping up production at Project Atlas to an initial plateau of 12 PJ/year by the end of fiscal year 2021.Senex Energy has drilled 23 wells so far for Project Atlas, of which 15 wells are on production. Currently, the wells are producing more than three TJ/day during the early stage of the ramp up period, which will last 12-18 months.The company is executing another natural gas project in the Surat Basin, called Roma North. Senex Energy expects Project Atlas and Roma North to produce 18 petajoules of gas annually by the end of financial year 2021.
Moda Ingleside Energy Center (MIEC) upon completion of its 10 million barrel crude oil storage expansion (center) and commencement of construction of additional 3.5 million barrel crude oil storage expansion (right) in Ingleside, TX. (Credit: Moda Midstream/ Business Wire.) US-based liquids terminaling and logistics company, Moda Midstream has completed its 10 million barrel crude oil storage expansion project at the Moda Ingleside Energy Center (MIEC) in the US state, Texas.As part of the expansion of MIEC in Ingleside, Texas and the Moda Taft Terminal in Taft, the firm has placed the final 495,000 barrel tank into service.With the completion of the storage expansion, the combined storage capacity at the two facilities now stands at about 12 million barrels.Moda president and CEO Bo McCall said: “At a time when there is a pressing need for additional crude oil storage, the early delivery of the tanks is another example of Moda’s ability to consistently provide solutions to our customers.“Bringing 10 million barrels of storage online in just over a year and a half is a major accomplishment.”MIEC will have total storage capacity of more than 15.5 million barrelsThe firm has commenced construction on a new expansion phase of an additional 3.5 million barrels of crude oil storage at MIEC.It anticipates to start placing the storage tanks from the expansion into service later this year.Upon completion, MIEC is expected to have a combined storage capacity of more than 15.5 million barrels.The company has also secured permits to build the additional crude oil storage capacity at both MIEC and the Moda Taft Terminal.MIEC, which is one of the major crude export facilities in the US, has direct connectivity to around 2.5 million barrels per day of Permian and Eagle Ford crude supply from four long-haul pipelines.The Gray Oak Pipeline and the EPIC Crude Oil Pipeline, two of the pipelines, have recently commenced full service.In 2018, Moda Midstream agreed to acquire the Oxy Ingleside Energy Center (IEC) Terminal which is located at the Port of Corpus Christi in Ingleside, Texas from Occidental Petroleum. The firm has commenced construction on a new expansion phase of an additional 3.5 million barrels of crude oil storage at MIEC
The company will provide technology to streamline automation and safety systems for the project One of Qatargas’ LNG storage facilities in Qatar. (Credit: Qatargas Operating Company Limited.) Honeywell has been selected by Qatar Petroleum as the main instrument and control contractor to support its North Field East (NFE) liquefied natural gas (LNG) project in Qatar.Under the contract, the company will provide technology to streamline automation and safety systems for the NFE project.The NFE project is expected to support the country’s goal of increasing its total annual production of LNG by up to 43% from 77 million tonnes per annum (Mtpa) to 110Mtpa.The project includes four new LNG mega-trains and their associated facilities. Production at the facility is expected to begin in 2025, supporting the economic growth in Qatar.The project is being developed by Qatargas on behalf of Qatar Petroleum.Honeywell will deploy its Industrial Internet of Things-enabled LEAP for the projectFor the project, Honeywell has agreed to deploy its Industrial Internet of Things-enabled Lean Execution for Automation Projects (LEAP) methodology, which incorporates virtualization, Universal Input/Output (UIO), channel technology and cloud engineering.As per Honeywell, the LEAP approach offers predictable construction costs, while enabling remote project engineering from anywhere in the world, bringing improvements in collaboration and reduction in travel.Honeywell global strategic projects vice president Tarek Nahl said: “We’re delighted to play a central role in the largest and most ambitious LNG project in the world.“Our technologies will aid Qatargas in reaching its production targets more efficiently while helping it achieve its safety, reliability, security and profitability metrics.”The company will also implement smart junction boxes (SJB) technology for control and safety systems for reduced number of instrumentation cabinets, compared to previous technologies.Such implementation is expected to enable faster project execution and reduced installation costs.Honeywell’s instrumentation and control systems will be integrated into the NFE main control building in Ras Laffan Industrial City (RLIC) and instrument technical rooms (ITRs) will be located across the process area.
Beehive is one of the largest undrilled hydrocarbon prospects in Australia. (Credit: C Morrison from Pixabay) Melbana Energy, through its subsidiary Finniss Offshore Exploration, has entered into a sale and purchase agreement (SPA) to sell its WA-488-P permit, which comprises Beehive prospect, to EOG Resources.Located in nearly 40m water depth, Beehive is one of the largest undrilled hydrocarbon prospects in Australia.The acquisition includes nearly 700km2 3D survey and an extensive amount of 2D seismic coverage.Under the terms of the SPA, EOG Australia will make an upfront payment of $7.5m to acquire 100% stake in the permit, subject to satisfaction of certain conditions.The conditions include customary regulatory clearances, approval to suspend and extend the remaining permit obligations and no objection from Foreign Investment Review Board.Finniss is entitled to receive additional $5m in contingent payments, based on EOG Australia entering the final year of the exploration permit, and obtaining a production licence.Also, EOG Australia will also make future payments of $10m for every 25 million barrels of oil equivalent produced, sold and delivered from the permit area.Melbana Energy executive chairman Andrew Purcell said: “We are very pleased to have reached this agreement with a company of the calibre of EOG and look forward with great enthusiasm to the drilling of the first exploration well into the exciting Beehive Prospect.“This transaction allows Melbana to retain significant exposure to the upside of a potential Beehive discovery without being exposed to the costs of offshore appraisal and development, which can be expensive and challenging for a junior oil and gas company.“We are also appreciative of the time and energy invested by our friends at Moyes & Co., an oil and gas upstream advisory firm, who helped with this transaction.”EOG to drill an exploration well targeting Beehive Prospect in 2022EOG is focused on becoming a low-cost, high-return and low-emissions producers, and play significant role in the long‐term future of energy.The company intends to drill an exploration well targeting the Beehive prospect in 2022.According to an independent expert appointed by Melbana, the prospective resource of the Beehive prospect is estimated to be 416 million boe up to 1.4 billion boe.The prospect is also located close to existing facilities, including Ichthys project and Blacktip field. EOG intends to drill an exploration well targeting the Beehive prospect in 2022
Campaigning group Generation Rent says it is worried that Theresa May’s manifesto promise of a letting fees ban is likely to be kicked into the long grass by the hung parliament and the pressures of Brexit negotiations.The government’s consultation on the ban closed on 2nd June.Generation Rent says it is concerned that, despite all-party support for a lettings fee ban, is believes the legislation is likely to “fall down the political agenda”.General ElectionIt also says renters were a key reason for the Conservative’s poor performance during Thursday’s General Election.It has looked at the results and concluded that 20 of the 32 seats that the Government lost were areas where there is an above-average proportion of voters who are renters.This includes some of the election’s more high-profile upsets such as Portsmouth South, Reading East, Battersea and Croydon Central, where former housing minister Garvin Barwell’s lost his seat.Barwell didn’t have to worry about getting a job after the election, though, unlike many other Conservative MPs voted out during the election. He is now Theresa May’s new Chief of Staff.“As the Prime Minister prepares her legislative programme, she should bear in mind that most of the MPs she lost represented large numbers of private renters. As home ownership remains unaffordable, the renter vote will only increase,” says Generation Rent.And it would appear that there’s some truth in the organisation’s claim. Before the election it pinpointed 93 margin Conservative seats around the UK and predicted that 30 of them would fall– all areas where there are more voters than average. On the night 19 ‘renter dominated marginals’ fell.“The new government will have to listen to renters so Generation Rent will hold them to their manifesto promises, and push them further to get a better deal.” says Generation Rent.The list19 constituencies lost by Tories with above average tenant populations. The average in the UK is 16%.Portsmouth – 33%Plymouth Sutton & Devonport – 32%Belfast South – 29%Leeds North West – 23%Bath – 23%Kingston and Surbiton – 22%Ipswich – 22%Eastbourne – 22%Brighton Kemptown – 22%Twickenham – 20%Lincoln – 20%Croydon Central – 20%Ceredigion – 20%Peterborough – 19%Bedford – 19%Fermanagh and South Tyrone – 18%Derby North – 18%Vale of Clwyd – 17%Generation Rent May 23, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Letting fees ban will be forgotten, says Generation Rent previous nextHousing MarketLetting fees ban will be forgotten, says Generation RentConcerns voiced by campaigning group could be good news for agents as PM battles to save her political skin.Nigel Lewis23rd May 20170957 Views
A council in London is to introduce the UK’s first local star ratings for letting agents.The London Borough of Newham is to publish a ‘star rate’ for all agents advertising properties for rent or managing properties within the borough, giving them between one and five stars depending on their track record.The list will then be published on the council’s website and updated regularly.Newham has already rated local agents but until now has not published the detailed list of results.It says 71 per cent, or 109 businesses, are 3 stars or above, while 29%, or 43 agents, remain non compliant with the council’s Fair Lettings Projects and fall below 3 stars.As part of the initiative, the council has spent the past two years auditing all agents operating within the borough.Agent auditThe audit looked at agent performance, compliance with the law, delivery of best practice, and customer feedback, as well as which agents have in the past “failed to refund deposits, pass on rental income, charged unjustified and astronomical fees or failed to address complaints”, the council says.After an agency has been awarded a star rating they have 21 days to appeal if they believe any information used to determine the rating is inaccurate or out of date.“The extreme demand in the private rented property sector is being exploited by some unscrupulous letting agents, who rip off landlords and tenants,” says the Mayor of Newham Sir Robin Wales (pictured, left).“We have seen tenants charged outrageous fees and had deposits withheld, and landlords who never see the rent that is due to them.“The law gives us limited powers to act against these cowboys, but by scrutinising their activity, and sharing information with our residents and landlords, the ratings should see the unscrupulous agents pushed out of business, while professional and hard working agents are rewarded.”The borough also operates a landlord licensing system and is one of the few local authorities to bring prosecutions against errant landlords in large numbers; so far 1,1000 prosecutions have been started.London Borough of Newham letting agents Sir Robin Wales August 9, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » First system of star ratings for letting agents launched previous nextFirst system of star ratings for letting agents launchedNewham is to publish its rating for each of boroughs 150+ agents based on two-year audit and appeal period.Nigel Lewis9th August 201701,962 Views
Home » News » Marketing » Rightmove rolls out 3D virtual tours on mobile app and adds tab to website previous nextMarketingRightmove rolls out 3D virtual tours on mobile app and adds tab to websiteMove comes after portal previously resisted calls to make the technology more obvious on its website and available on its mobile phone app.Nigel Lewis12th December 20185 Comments5,663 Views Rightmove has secretly rolled out 3D virtual tours across its mobile platform and added a tab on its main website after many years of opting not to actively promote the technology across all of its channels.In the past the portal has said it would only actively support virtual 360-degree tours when the technology gained more widespread adoption among estate agents, a threshold which now appears to have been reached.“Rightmove’s shift to making 360 virtual tours visible across mobile devices is a clear sign that the demand and engagement for and with 360 virtual tours is on the increase. This sentiment is mirrored by many other portals and agents across various other countries that 360 virtual tours are the future and its time to take to them seriously,” says Andrew Nicholls, CEO of 3D virtual tour supplier Eyespy360.com.“It’s really great that Rightmove have listened to what the market wants and acted accordingly. I’m delighted that consumers will now get to experience virtual tours anywhere at anytime.”One of the first agents to spot its virtual tours on Rightmove’s smartphone app is Base Properties, founded by Kristian Byfield. He says he noticed his 360-degree tours were available on Rightmove yesterday despite not being there a few days before.3D virtual tours“This is a huge boost for virtual tours and will mark a step change in the way house hunters interact with listings,” says Kristian (left).“I’ve been trying to lobby both Rightmove and Zoopla to make virtual tours more ‘front and centre’ for their users, so it’s good to see one of them doing this.“Floor plans used to be difficult for people to spot on the portals but are now easy to spot, and today’s update by Rightmove marks the moment when virtual tours will become an expected part of the marketing mix.”A Rightmove spokesperson told The Negotiator: “Previously, the tours were only accessible on desktop and agents can continue to upload virtual tours in the usual way through their feed or Rightmove Admin.“The move will offer more exposure for those agents who create virtual tours for their vendors. The team will be monitoring how home hunters use the additional feature on mobile to ensure they are getting the optimum experience when searching for their next home.” Rightmove kristian byfield 3D virtual tours base properties EyeSpy 360 December 12, 2018Nigel Lewis5 commentsJon Lindsay, Spacedust Films Spacedust Films 21st February 2019 at 11:49 amHi – anyone got a link so I can see it in action?Log in to ReplyJon Lindsay, Spacedust Films Spacedust Films 22nd December 2018 at 5:52 pmHi Nigel – any more news on this?Log in to ReplyMartin Seib, Smart Property Tours Smart Property Tours 13th December 2018 at 6:17 pmI have looked at Base Properties’ listings on Rightmove using a desktop web browser and also using the latest version of the Rightmove app (5.6.4).On the desktop, the ‘Virtual Tour’ tab does appear as circled above and when you click on it, you see a text link to the virtual tour which opens in a pop out browser window. This is good but it’s not new. You can see many older Rightmove listings with ‘Virtual Tour’ tabs which lead to similar 360 photo tours from all sorts of different vendors.Further, when I look at the corresponding listings using the app on my iPhone, there is no sign of the virtual tour whatsoever so I can’t see that it anything has been rolled out on mobile at all. Can anybody point me at it please?I was hoping that this announcement was for proper embedded 360 video support on Rightmove which we could use to embed our 360 Smart Property Tour videos in the same way as we embed our 2D tours but it looks like we are going to have to stay with pop outs on Rightmove for all things 360 for the time being at least.Log in to ReplyNigel Lewis, Online Editor, The Negotiator Online Editor, The Negotiator 14th December 2018 at 11:16 amHi Martin – we contacted Rightmove to ask whether the upgrade spotted by some agents including Base was ‘real’ and they confirmed it was. So I guess it may take a while to roll out – but it’s definitely happening.Log in to ReplyMartin Seib, Smart Property Tours Smart Property Tours 15th December 2018 at 10:09 amHi Nigel, Thank you for doing that. I confirm that I can see the upgrade on the mobile website now that I have looked there using the web browser on my phone and we will have to wait a little longer to see it on the Rightmove app itself.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021