With advances in PLC and DCS technology, data collection in oil and gas process control systems has become cheaper and more plentiful in recent years, and this looks set to continue. Within these vast data stores, lies a gold mine of information that can help us better control, diagnose, and understand industrial systems.
While the term ‘innovation’ may have some running for the hills, a group of NDT and asset management experts who will be speaking and exhibiting at the 2019 Australasian Oil & Gas Conference & Exhibition (AOG) are reaping the benefits of it as Australia’s LNG industry transitions from a construction to a maintenance cycle.
Among the hundreds of thousands of pieces of equipment utilised in this industry, the unsung workhorse has to be the humble ‘fin fans’ (or air cooled heat exchanger). There are hundreds of them in every single plant and, if a small percentage fail, the whole plant might have to be shut down.
Perth will again host the region’s biggest annual outlook event for the oil and gas sector in March at the 38th Australasian Oil and Gas (AOG) Exhibition & Conference.
Australia’s Woodside Energy has joined a number of large global oil and gas firms investigating how they can add renewable energy to their production portfolio and supply chain, alongside other supermajors including ExxonMobil, Royal Dutch Shell, BP and Total — all of which are raising their investment in cleaner energy.
Timor-Leste is set to become the majority owner of the Greater Sunrise gas field after taking Shell’s 26.56% stake for US$300 million (AUD$415 million) following on from an earlier buy-out of ConocoPhillips’ 30% stake for $350 in early October.
SANTOS has outlined plans to grow production to more than 100 million barrels of oil equivalent (mmboe) by 2025, almost doubling current levels of production.
The recent turbulence in cryptocurrencies such as Bitcoin and Ethereum has brought blockchain implementation into the public eye. At the same time, CXOs across industries are increasingly recognizing the potential value that blockchain can deliver.
AS expected, a string of drilling successes off the WA coast has attracted a big suitor to Quadrant Energy, with Santos announcing it will pay US$2.15 billion to acquire 100% of the company a month after it made the huge Dorado oil discovery.
CARNARVON Petroleum Limited and its JV partner Quadrant Energy have made a “significant” oil discovery with the Dorado-1 well off the north-west coast of Western Australia.