Gerard Aden, PMP®, CEng

Oil and Natural Gas Corporation's (ONGC) tender for the development of its Gulf of Kutch offshore development, under the GK-28/42 EPIC project, is reportedly still pending release. The GK-28/42 Project, a conventional gas development located in shallow water in India, was initiated in 2009 with a water depth of around 98 feet. Production was expected to begin in 2024 and is forecasted to peak in 2025, continuing until the field reaches its economic limit in 2080. The project development cost is expected to be $435Mn, encompassing the installation of four new wellhead platforms, reuse of existing platforms, and a mobile offshore production unit. The Sagar Pragati, converted to a MOPU by L&T Hydrocarbon Engineering in 2014, is a key component. The first phase includes three well platforms and a bridge-connected MOPU, enhancing offshore production capabilities. Despite initial delays, ONGC reportedly remains dedicated in advancing this vital project. #ONGC #OilandGas #OffshoreDevelopment #EPICProject #India #OilIndustry https://lnkd.in/dXtGTbFa

36

4 Comments

Carbon capture, utilization and storage (CCUS) refers to technologies that capture the greenhouse gas carbon dioxide and utilize it or store it safely underground, so that it does not contribute to climate change. Along with use of cleaner fuels like Natural gas, Renewables etc., CCUS is the future for inching towards Net Zero goals.

19

Our onshore oil business bpx Energy aims to lead the industry in emissions reduction. Check out the video below to see how we leverage innovative technology partners like Insight M to help accurately measure our progress.

316

9 Comments

👋 In Houston? Tomorrow (May 16), Iconic Air Director or Net Zero Ankur Kadakia will be attending the Young Pipeline Professionals USA (YPP USA) Annual Symposium at the Marriott Marquis in Houston, TX. Be sure to ask him your toughest questions on Subpart W, the Waste Emissions Charge, and all things carbon data management. Find out more here >> https://lnkd.in/d-DCA28m #IRA #EmissionsManagement #Pipelines

7

A New Era for India's Upstream Oil and Gas Sector!   The passage of the Oilfields (Regulation and Development) Amendment Bill, 2024, in the Rajya Sabha marks a transformative shift for India's energy landscape. This amendment to the 1948 Act isn't just a regulatory update; it's a strategic blueprint for growth, innovation, and sustainability in our upstream oil and gas industry.   Key Highlights of the Amendment:   ●     Expanded Definition of Mineral Oils: Now includes unconventional sources like shale gas, oil shale, and coal bed methane. This diversification not only aims at reducing import dependency but also at tapping into previously underutilised resources. ●     Simplified Regulatory Framework: By delinking petroleum from mining operations, the bill simplifies the regulatory process, making it more attractive for investors and potentially speeding up project timelines. ●     Focus on Technological Advancement: The amendment encourages the adoption of modern exploration techniques for unconventional reserves, promising a leap in operational efficiency and resource management. ●     Sustainability and Environmental Consideration: There's a strong emphasis on cleaner extraction methods and renewable energy sources like gas hydrates, aligning with global environmental standards and promoting sustainable energy solutions.   Implications for the Industry:   ●     Investment Attraction: The clearer, more specific regulatory environment is expected to attract both domestic and international investments, crucial for the capital-intensive nature of oil and gas exploration. ●     Operational Efficiency: Streamlining regulations reduces bureaucratic hurdles, likely enhancing the speed and efficiency of project execution. ●     Innovation in Exploration: The focus on technology and new resources could lead to breakthroughs in how we explore and extract oil and gas, potentially unlocking reserves previously considered too challenging or costly. ●     Sustainability at the Forefront: By integrating environmental considerations into the core of the amendment, we're not just looking at economic benefits but also at how we can contribute positively to global environmental goals.   A Call to Action: This amendment is an invitation to all stakeholders in the energy sector to rethink and re-engage with our resources in a way that's sustainable, innovative, and aligned with global best practices. It's a chance to lead in the development of cleaner energy solutions and to secure India's energy future.     #RajyaSabha #WinterSession2024 #IndianEnergySector #ParveenIndustries #OilAndGasIndustry #SustainableFuture #UpstreamEngineering #OilAndGasfiledEquipment  

52

1 Comment

How do you solve a problem like greenhouse gas emissions at the Port of Houston? That's the challenge that two students, Mustafa Khan and Aaron Hinkle, are tackling at the University of Houston's Energy Transition Institute (ETI). Mustafa and Aaron are part of the Energy Scholars Program, which connects students with research faculty and industry partners on projects focusing on energy matters and is supported by the Baker Hughes Foundation. Find out how their project is shaping their vision for the future and what the energy transition means to them. #BakerHughes #BHStories #WeAreBakerHughes #GoGoogs #EnergyTransition

8

It was a privilege to witness and participate in exciting conversations around growth of shipbuilding in India. India has a long and now much forgotten history of maritime trade. Looking forward to leading Oil and Natural Gas Corporation Ltd initiatives for restoring prominence of shipping in India, in alignment with #miv2030 and #makv2047 of Government of India (GoI) Ministry of Ports , Shipping and Waterways (India) #shipping #maritime #marine #ship #shipbuilding #ongc #Energynowandnext

47

8 Comments

In 2024, global LNG long-term contracting: 58 mmtpa by the end of Aug (strong demand despite geopolitical uncertainties and policy changes like the Biden Administration's pause on new US LNG infrastructure projects), follows a record-breaking 94 mmtpa of new LNG contracts signed in 2023. Out of the 58 mmtpa, 38 mmtpa were contracted by traditional end users for domestic use. Key deals in 2024 include: QatarEnergy: notable agreements including a 7.5 mmtpa contract with India’s Petronet and 4 mmtpa with Taiwan's CPC. ADNOC: Signed agreements totaling 3.4 mmtpa with European and Asian buyers, marking the Middle East’s dominant position in LNG contracting. US projects, despite the “Biden Pause,” saw 18.9 mmtpa of new contracts by Aug'24, including Aramco's 5 mmtpa deal from Port Arthur LNG Phase 2 and a 1.9 mmtpa deal with ADNOC from Rio Grande LNG. LNG pricing in 2024 has hovered between 12.0%-12.5% of oil-linked prices, delivered ex-ship (DES) into Asia, with South Asian buyers benefiting from lower shipping costs. US liquefaction tariffs rose, with 2023 contracts for delivery starting in 2026/27 priced at $2.40-$2.50 per mmbtu, compared to $2.15-$2.30 earlier that year.

2

🚧 Indian CGD Chronicles: The Gas-y Adventures of a Nation! 🚧 If you’ve ever wondered how India keeps its chai hot and its kitchens running, welcome to the world of City Gas Distribution (CGD)—where pipelines are the lifelines, and “gas pressure” has nothing to do with your last plate of chole bhature! 🌶️😅 From dodging traffic during pipeline laying to explaining to aunties why the street is dug up AGAIN, every day in CGD is an adventure. • Strategic Planning? That’s figuring out how to connect 100 households without disrupting 500 others. • Operations & Maintenance? Fixing a pipeline at 2 AM because Murphy’s Law loves us. • Regulatory Compliance? Navigating more paperwork than an Indian wedding guest list. But hey, we’re not just about pipelines; we’re fueling dreams, powering industries, and making sure your gas cylinders are one less thing to worry about. (You’re welcome, WhatsApp forwards.) So here’s to the unsung heroes of CGD—turning “connections” into a literal way of life, one gas pipeline at a time! 🚀 #CityGasDistribution #CGD #EnergyForIndia #SustainableFuture #NaturalGas #GasInfrastructure #Teamwork #StrategicPlanning #CleanEnergy #IndianInnovation #OperationsAndMaintenance #PESO #PipelineLife #GasHeroes #EnergySector #FuelingIndia 🔥

52

6 Comments

In a recent discussion with Upstream, our Chief Financial Officer, Hitesh Vaid shared the company’s vision of ‘Energising India’ through offshore drilling plans.     Set to launch the 10-well West Coast offshore drilling campaign, he shared that, “The campaign features a mix of appraisal, development, and exploration wells aimed at accelerating domestic production.” Key to this is the 'CB/OS-2' block in Gujarat's Cambay Basin, where a five-well program aims to double production from the current asset. On the East Coast, Ravva and exploration in the Krishna-Godavari (KG) basin remain vital, alongside a focus on deepwater gas drilling to tap into this gas-rich region solidifying our pursuit of pioneering innovation and technology.   Read more in this exclusive feature: https://lnkd.in/gzizwHes Adaptation from the article published in www.upstreamonline.com #30YearsOfEnergisingIndia #EnergySecurity #FueledByCairn #TransformingEnergyResponsibly #Cambay #Ravva #ExploreIndiaWithCairn

241

3 Comments

The subsea market segment, which includes players involved in production and processing systems such as subsea umbilical risers and flowlines (SURF), trees, wellheads, manifolds and other components, is poised to experience a significant influx of capital. Driven by rising operator expenditure on equipment and installation services, Rystad Energy projects a 10% annual compound growth rate (CAGR) from 2024 to 2027, with total spending anticipated to exceed US$42 billion by the end of this period. https://lnkd.in/dKc5vamG

1

On World Environment Day, we reaffirm our commitment to pioneering environmental stewardship in the oil and gas industry. At Parveen Industries, sustainability isn't just a goal - it's our responsibility. #WorldEnvironmentDay #EnvironmentalStewardship Today, we celebrate our planet and reaffirm our dedication to protecting it. Embracing Industry 4.0 technologies to drive sustainable practices across our operations is a step towards environmental stewardship. By integrating real-time monitoring, predictive maintenance, and advanced data analytics, we optimize resource use and minimize our environmental footprint. Our automation and digital twin technologies enable us to test and refine processes virtually, reducing waste and enhancing efficiency. We are not just participants in the oil and gas industry; we are leaders in creating a cleaner, more responsible energy sector. Our efforts in #environmental #management ensure that we meet today’s needs without compromising the ability of future generations to meet theirs. Together, we can make a significant impact and lead by example in environmental stewardship. Happy #WorldEnvironmentDay! #EnvironmentalStewardship #Sustainability #Industry4.0 #EcoFriendly # #ResponsibleEnergy #Future #UpstreamManufacturers #ParveenIndustries #oilandgas #oilandgasindustry #oilandgasfieldequipmentsuppliers #leadingglobalplayer

25

Say goodbye to manual data collection and hello to real-time insights. Iso-Smart™ provides corrosion professionals with remote, accurate, and actionable asset data at their fingertips. Watch our video to see how Iso-Smart™ transforms pipeline monitoring! Learn more & book a demonstration:

29

1 Comment

U.S. Weekly LNG Exports from the U.S. Energy Information Administration Vessels departing U.S. ports: Twenty-three LNG vessels (seven from Sabine Pass; four from Freeport; three each from Cameron, Corpus Christi, and Cove Point; two from Calcasieu Pass; and one from Elba Island) with a combined LNG-carrying capacity of 86 Bcf departed the United States between November 14 and November 20, according to shipping data provided by Bloomberg Finance, L.P.

2

ONEOK is buying a set of NGL pipelines for $280 million. The announcement says a lot about contemporary oil & gas strategy. Let’s start with the corporate speak: ====== "This strategic acquisition provides the quickest pipeline connectivity to and within the critical supply and demand centers for our NGLs, refined products and crude oil assets in the Gulf Coast," said Pierce H. Norton II, ONEOK president and chief executive officer. ====== The word “quickest” is incredibly important here. As I’ve remarked before, today’s oil & gas industry is all about time to value. Investors have no patience for future windfalls. The future is way too uncertain. They want to see value today, and often that value is from increased cash flows, a fraction of which go directly to shareholders. You can compare this path – buying existing assets – with the alternative of building your own new pipeline system. Building new systems can be expensive, slow (because of permitting and just general construction limitations), and risky. It’s much easier to buy something in place and integrate it in short order. That’s what ONEOK is committing to do. Another critically important part of the above quote is the mention of the Gulf Coast. Again, with uncertainty at unprecedented levels across the oil & gas landscape, investors prefer a geographical concentration in the most resilient areas of supply and demand. The Gulf Coast certainly qualifies. The Gulf Coast has existing infrastructure, access to land- and water-based distribution networks, and operational efficiencies that will allow it to remain competitive far longer than other, less favorable marketplaces. What then did we learn about contemporary oil & gas strategy from this ONEOK announcement? ➊ Moderate, tangible value today is worth much more than potentially larger, more speculative value in the future. ➋ The Gulf Coast should be one of the last regions to become stranded as decarbonization momentum builds. Investment there is preferred. ONEOK’s move here is showing us why “consolidation” is the name of the game in oil & gas today. #energy #oilandgas #ksg 𝘗.𝘚. 𝘈𝘵 𝘒𝘚𝘎, 𝘐 𝘩𝘦𝘭𝘱 𝘦𝘯𝘦𝘳𝘨𝘺 𝘢𝘯𝘥 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘪𝘢𝘭 𝘭𝘦𝘢𝘥𝘦𝘳𝘴 𝘯𝘢𝘷𝘪𝘨𝘢𝘵𝘦 𝘤𝘰𝘮𝘱𝘭𝘦𝘹 𝘮𝘢𝘳𝘬𝘦𝘵𝘴 𝘢𝘯𝘥 𝘦𝘮𝘱𝘰𝘸𝘦𝘳 𝘵𝘩𝘦𝘮 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘵𝘰𝘰𝘭𝘴 𝘢𝘯𝘥 𝘪𝘯𝘴𝘪𝘨𝘩𝘵𝘴 𝘵𝘩𝘦𝘺 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘣𝘶𝘪𝘭𝘥 𝘵𝘩𝘳𝘪𝘷𝘪𝘯𝘨 𝘢𝘯𝘥 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘵 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴. 𝘐𝘧 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘯𝘦𝘦𝘥𝘴 𝘢𝘳𝘰𝘶𝘯𝘥 𝘮𝘢𝘳𝘬𝘦𝘵 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩, 𝘱𝘳𝘪𝘤𝘪𝘯𝘨 & 𝘱𝘳𝘰𝘧𝘪𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴, 𝘰𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘤𝘶𝘮𝘦𝘯 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨 & 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵, 𝘴𝘦𝘯𝘥 𝘮𝘦 𝘢 𝘯𝘰𝘵𝘦. 𝘐’𝘥 𝘭𝘰𝘷𝘦 𝘵𝘰 𝘥𝘪𝘴𝘤𝘶𝘴𝘴 𝘪𝘧 𝘪𝘵 𝘮𝘢𝘬𝘦𝘴 𝘴𝘦𝘯𝘴𝘦 𝘧𝘰𝘳 𝘶𝘴 𝘵𝘰 𝘤𝘰𝘭𝘭𝘢𝘣𝘰𝘳𝘢𝘵𝘦. https://lnkd.in/gtSQCFvt

34

1 Comment

🇮🇳🚢🛢️ The Armada Sterling V FPSO, operating at ONGC’s Cluster 2 project in Block KG-DWN-98/2 in India, achieved first oil on January 7, 2024. The FPSO, owned by a joint venture of Shapoorji Pallonji Energy (70%) and Malaysia’s Bumi Armada (30%), is awaiting a final acceptance test to start receiving the full charter rate from ONGC. However, Bumi Armada disclosed that certain payments have been withheld by ONGC during the start-up phase, pending discussions on additional outstanding claims. Market sources indicate that the FPSO owners are currently receiving lower revenues compared to the full charter rate due to these unresolved issues. 🛠️⚙️💰 The main outstanding issue appears to be the introduction of gas into the FPSO, which, once resolved, will trigger the start of the full dayrate. Additionally, payment issues have persisted from the previous year when the FPSO was ready to receive hydrocarbons, but ONGC could not deliver production due to damaged subsea infrastructure at Cluster 2. Bumi Armada and ONGC continue discussions to resolve the payment issues and move forward with full operations. 🌊⚓🚀 The Armada Sterling V is India’s largest floater, with an oil processing capacity of 50,000 barrels per day, a gas capacity of 3 million cubic meters per day, and a crude storage capacity of 700,000 barrels. The FPSO, converted from the tanker Ariake by Seatrium in Singapore, is designed to withstand severe cyclonic conditions.

18

2 Comments

Celebrating MSME Day, Honouring the Backbone of India’s Growth Story and Parveen Industries’ Contributions to the Oil and Gas Sector On this special day, we recognize the vital role of MSMEs in shaping India’s economic landscape. MSMEs are the backbone of India’s economy, driving innovation, creating jobs, and fostering sustainable development. Parveen Industries is honoured to be part of this dynamic sector, playing a pivotal role in the oil and gas industry. As a leading #MSME, our journey is defined by a commitment to excellence, innovation, and a vision for a brighter future, ensuring that our efforts continue to drive progress for our teams, our customers and the communities we serve. Happy #MSMEDay! #IndianMSMEDay #MSME #EconomicGrowth #Innovation #JobCreation #OilAndGas #OilAndGasEquipmentSuppliers #EnergySector #SustainableDevelopment #IndiaGrowthStory #ParveenIndustries

60

This is a recent article I wrote for a Journal . Do have a look ,Makes interesting reading !! https://lnkd.in/dzF365aQ

13

1 Comment

View my verified achievement from Shell. This is an accreditation for participation & excelling in the applicability aspects of GenAI capabilities in Shell, through our very own ShellE. #GenAI #LLMs #ArtificialIntelligence

26

10 Comments