<a href="http://youngpetro.org/2013/03/06/how-is-it-possible-to-produce-oil-from-sand/"><b>How is it possible to produce oil from sand?</b></a> <a href="http://youngpetro.org/2011/10/09/people-engineers-and-spe-members/"><b>People, Engineers and SPE Members</b></a> <a href="http://youngpetro.org/2012/12/19/if-i-were-a-prime-minister/"><b>If I Were a Prime Minister…</b></a> <a href="http://youngpetro.org/2012/12/26/polish-shales-delayed/"><b>Polish shales delayed?</b></a> <a href="http://youngpetro.org/2013/01/11/russia-continues-the-policy-of-states-companies-monopoly/"><b>Russia continues the policy of state companies’ monopoly</b></a>
 

4th Annual Student Energy Conference in Zagreb

4th Annual Student Energy Conference in Zagreb

You want to go to the Conference, but don’t know where??

Our friends from Croatia, University of Zagreb SPE Student Chapter, organize 4th Annual Student Energy Conference from 8th to 12th of March, 2017 in Zagreb, Croatia. Conference will collect students and young professionals from all around the world to discuss the latest achievements and energy trends in the oil and gas industry.

What they offer this year is kind of different than it was so far. If you apply, you could enjoy a conference completely organized by students which will be straight profession-related with numerous experienced professionals from Croatian and International companies. Conference holds three workshops, panel session, two field trips (jack-up drilling platform and oil terminal), Zagreb city tour, team building activities and much more… It is up to you to discover the rest of it!

CHECK OUT THEIR PROMO VIDEO (acting SPE.ZG members): https://www.youtube.com/watch?v=xA14U6Kx5Ak&feature=youtu.be

INFO & REGISTRATION:  http://spes.rgn.hr/asec/

CONTACT: spe.zagreb@gmail.com

REGISTRATION DEADLINE: 15th of February

ABSTRACT SUBMISSION DEADLINE: 1st of February

 

New technology for geothermal wells by Baker Hughes

New technology for geothermal wells by Baker Hughes

Even though oil and gas wells are the majority of all the wells drilled around the world, we all know that drilling also applies for water wells, geoengineering  and geothermal energy. This sustainable source of energy is growing in its popularity although it requires highly advanced technologies. Geothermal energy utilizes the heat from the Earth to generate electricity and to provide heating for various structures. The energy can either be used directly, in the form of geothermal wells which connect to sources of water and steam heated by the Earth, or indirectly, in the case of systems which pump water through hot regions under the Earth’s crust.

Lubricants, drilling fluid and all of the equipment needs to be resistant to extremly high temperatures and demanding conditions. In order to overcome these challenges Baker Hughes, which has worked on almost all the geothermal wells ever developed, developed and successfully demonstrated an advanced drilling system designed for these critical conditions.

Using full metal drill bit to break the formation, and a full metal drilling motor known in the Industry as a “metal-to-metal motor” achieved a directional deep well. This innovative system, thanks to it remarkable advancement and reliability can have a far-reaching impact and successful future achead. Not only does this technology opens more geothermal resource areas for development, other subsurface sectors such as fossil and nuclear energy are ready to embrace this recent development. These sectors can leverage the work funded by the geothermal energy sector for their own gains.

It is not yet possible to estimate economic potential of this techonology but expanding Enhanced Geothermal Systems alone could eventually lead to more than 100 gigawatts of economically viable electric generating capacity in the continental United States—enough to power more than 100 million homes.

Thanks to such a investments of companies in developing new technologies and research, we can create path toward improved energy security and a stronger economy.

 

Sources:

www.bakerhughes.com

www.energy.gov

http://www.wisegeek.com

The Three Reasons Why Entering the LNG industry was a Great Move by the Philippines

9 January, 2017 News No comments
The Three Reasons Why Entering the LNG industry was a Great Move by the Philippines

     1. Something to Replace Malampaya’s Role

The Malampaya deepwater gas-to-power project located offshore northwest of Palawan is Philippines’ only major gas field. It starts production in 2001 and supplies a huge 2700 Megawatts (MW) to three power plants in the Luzon Island. Malampaya is considered as an “ageing” field since depletion is projected by 2024. Also, the license of Malampaya operating under Service Contract (SC) 38 will expire on the same year. Luzon Island will run out of power. And if there will be no local gas fields discovered in the future, a facility to receive natural gas imports is required. Whether or not SC 38 will be extended or not, a LNG terminal is the best option to meet the country’s continuous and growing energy demand.

     2. Win-Win Solution

Ongoing projects and plans for LNG facilities involve huge financial investments. The LNG industry is indeed a win-win solution because it will bridge the gap of Philippines’ energy need while bringing investments to the country. Expression of interest and plans for LNG projects started to be surfaced out by Shell, Energy World, First Gen, Meralco and the government.

Shell’s local unit Pilipinas Shell Petroleum Corporation started working on a floating regasification unit (FSRU) to be constructed in Batangas Bay near the Shell Tabangao refinery. The facility could provide power as much as 2,000 megawatts (MW). Australian-listed company Energy World Corporation has finishing construction on its $800-million LNG hub. It is located on Pagbilao, Quezon province and could provide 400 MW. On the other hand, First Gen, a leading clean energy company revealed its plans for a $1 billion LNG terminal to be also located in Batangas City. The terminal to be built can handle 5 million tons of LNG, or an equivalent of 5,000 megawatts. First Gen currently opens the 40% of the $1 billion for local and foreign stakeholders. While Meralco (Manila Electric Co.) the largest local power distributor partnered with Japan’s Osaka Gas Co. Ltd. for a $2 billion integrated LNG project, covering a terminal and a power plant.

The Philippine government has eyes also on converting the mothballed Bataan Nuclear Power Plant (BNPP) into its main LNG receiving terminal, DOE secretary Alfonso Cusi said.“One of the projects that we will be undertaking is to put up an LNG receiving and distribution centre and that could be in Bataan. It could be converted” he said, adding the proposal.

     3.Change in Energy Mix

Philippines was one of the countries that agreed to a 70-percent reduction in greenhouse gas emission by 2030 at the United Nations Climate Change Conference in Paris. Since natural gas is considered the “cleanest” fossil fuel compared to coal and petroleum, it will take a bigger share on the country’s energy mix.

By Ray Francisdeo Romey

Bibliography:

http://www.rigzone.com/news/oil_gas/a/143648/Shell_Total_Mull_LNG_Terminal_Projects_in_the_Philippines/?pgNum=1

http://www.philstar.com/business/2016/09/14/1623461/doe-rolls-out-plan-lng-terminal

http://www.lngworldnews.com/ewc-to-start-up-lng-projects-by-end-2016/

http://breakingenergy.com/2015/05/29/philippines-to-finally-enter-lng-sector-with-first-receiving-terminals/

http://www.seatrade-maritime.com/news/asia/shell-philippines-seen-going-for-fsru-project-in-batangas-by-2017.html

http://thestandard.com.ph/business/216081/cusi-govt-to-lead-lng-terminal.html

http://www.bworldonline.com/content.php?section=Corporate&title=first-gen-eyes-foreign-partners-for-lng-terminal&id=134870

http://business.inquirer.net/199866/construction-of-lng-facility-to-start-in-2016#ixzz4RV3JB5Z1

http://www.naturalgasasia.com/philippines-mulls-converting-bataan-nuclear-power-plant-into-lng-terminal-18959

 

Black Sea, Romania’s path to energy independence

Black Sea, Romania’s path to energy independence

The history of oil and gas operations in the Romanian waters of the Black Sea starts in 1969. Below are presented the most important stages in the development of the offshore production activities:oana

Romania has the capacity to become one of the great European powers in the energy sector due to oil and gas deposits in the Black Sea, much of it in deepwater where several companies have begun to explore. The big players like Total, OMV, Repsol, Turkish Petroleum Company (TPAO), Shell and ExxonMobil are all interested in what lies under the Black Sea. TPAO estimates there are up to ten billion barrels of oil in the region, and the various companies are working on several projects in different sections which are divided into „blocks”.

Romania currently imports 20% of energy needs, the other 80% are satisfied from own production of natural gas, oil, coal and nuclear power. It is estimated that Romania holds 1,400 billion cubic meters of shale gas, which ranks it on the third place in Europe and starting with 2019 will begin extraction of natural gas reserves located in the Black Sea, considered globally significant.

The gas resources discovered by Exxon Mobil and Lukoil are in amount to a maximum of 130 billion cubic meters. If this amount is fully exploited, which is unlikely, and to operate it profitable requires a production of 6 billion cubic meters per year, specialists said that will get a production which will be exhausted in 20 years. This production in the Black Sea overlaps with current production of on shore fields, 6 billion cubic meters per year, which has a constant decrease.

The exploration of the Black Sea will start when gas and oil prices will increase and if gas transportation system will be connected to international markets. One of the main reason is that demand in the country has decreased significantly and the investors which will extract the sea deposits need a market for the transportation of gas from maritime perimeters, which are quite far, from 150-200 kilometers from shore. According to these statements, in the medium and long term, energy future of Romania depends on the interconnection of gas and electricity, but also diversification. Experts believe that Romania will become independent in terms of energy by 2020, but the results could be seen over the decades due to the long process of exploitation and lack of infrastructure.

Will Romania become independent until 2020, as was expected?

by Oana Alexandra

Bibliography:

http://www.petroleumreview.ro/ro/67-april-2016/957-the-black-sea

http://www.economica.net/iulian-iancu-romania-dispune-de-rezerve-uriase-de-gaze-naturale-in-marea-neagra-270-miliarde-mc_110635.html

http://adevarul.ro/economie/stiri-economice/romania-treilea-stat-independenta-energetica-uniunea-europeana-iubirea-fata-rusia-vine-conducta-infografie-1_57e2b1065ab6550cb8dcd28f/index.html

https://image-store.slidesharecdn.com/219660ba-8f5b-4757-b116-28bbc652d533-original.jpeg