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[bountyhunter] 27/8/2018 20:16

Crude Oil's Path Now That Aramco Will Not Go Public Anytime Soon

[adrian j boris] 27/8/2018 15:58

ABB Says It Will Deliver Fastest Upstream Start-up For Aasta Hansteen’s First Gas
Hart Energy Staff
Monday, August 27, 2018 - 8:45am

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ABB is set to deliver what it believes to be the world’s fastest start-up when Equinor’s Aasta Hansteen gas field begins operating and produces its first gas later this year.

ABB is in the final phase of providing a suite of innovative ABB Ability digital technologies for Aasta Hansteen, which is located in 1,300 m of water in the Vøring area of the Norwegian Sea, 300 km from land.

Part of the challenge for ABB was to make the first gas start-up process as quick and efficient as possible. For this, ABB needed to reduce a sequence of over 1,000 manual interventions to as few as possible. The outcome is a series of buttons that are as simple as starting a car.

“Our teams went through the start-up steps, identified and defined obstacles that needed to be improved, then used our ABB Ability System 800xA simulator to do a virtual start-up of the plant,” said Per Erik Holsten, managing director for ABB Oil, Gas and Chemicals. “At this stage we made a lot of improvements for starting up and operating the plant. Through automating much of the process we managed to reduce a complex set of manual interventions to just 20, which means we are all set to deliver what we believe to be the world’s fastest start-up at first gas.”

The company estimates it saved about 40 days in the commissioning phase of the project, or nearly 2,700 man-hours by using the ABB Ability System 800xA simulator to identify and improve 57 areas in the start-up.

The ABB Ability System 800xA simulator is a solution that minimizes risk and reduces the occurrence of unplanned shutdowns, while improving safety, productivity and energy savings. It has a control system that is disconnected from the physical process and is instead simulated by a dynamic process model. By seamlessly extending the Distributed Control System (DCS), the ABB Ability System 800xA provides the same look and feel as the core functional areas. It is a scalable solution in system size, functionality and control system connectivity and is available in three editions: Basic, Premium and Professional.

“In the operation of oil and gas projects there are lots of different automation and instrument competencies and disciplines required for the project to run smoothly,” Holsten said. “In upstream greenfield sites such as Aasta Hansteen, ABB is one of the few companies that is sufficiently skilled and resourced to connect the different parts of the jigsaw together to provide a truly connected plant. Aasta Hansteen is a great example of how it is possible to do just that, while making the start-up and operation of the plant more efficient.”

[sarkasm] 27/8/2018 11:13

PARIS (Agefi-Dow Jones) - Energy giant Total announced on Monday that it will sell Shell its stake in a liquefied natural gas regasification terminal in western India, and that it will signed an agreement to supply LNG to the oil and gas company in the region.

"Total has signed a binding letter of intent with Shell to sell its 26% minority stake" in the Hazira terminal in India, Total said in a statement. This transaction, the amount of which has not been specified, remains subject to approval by the competent authorities.

The LNG supply contract to Shell is 0.5 million tonnes a year for a five-year period and is destined for the Indian market and neighboring countries, Total said. This gas will come from Total's global portfolio for a start of delivery in 2019, said Total without providing financial details.

-Alice Doré, Agefi-Dow Jones; [phone]; [e-mail] ed: LBO

Agefi-Dow Jones The financial newswire

[fangorn2] 24/8/2018 14:58

"Oil prices move higher as Iran supply issue looms"

"Third-party reports indicate that Iranian tanker loadings are already down by around 700,000 bpd in the first half of August relative to July, which if it holds will exceed most expectations," observes Jefferies on the oil patch developments.

[bountyhunter] 23/8/2018 08:22

Good RNS for UOG holders, no stopping for a summer break there :)