Assistant Tax Manager (#668971047)

Posted: 19 June 2019 at 16:21   Expires: 17 July 2019 at 16:21

Posted In: Commercial/Financial/Legal > Tax

Location: Qatar

We seeking to recruit an ASSISTANT TAX MANAGER to work in QATAR on a long-term residential contract, married or single status. This position will be in the client’s Project, Finance & Controls Department responsible for managing the organisation’s tax strategy (locally & internationally) and objectives ensuring alignment with overall client business strategy and interest of Qatar. Lead a client tax function, provide oversight to a variety of corporate, commercial/finance matters and ensure tax compliance with regulatory requirements locally/internationally to ensure it is consistently applied across client organisation

Key Requirements

Responsibilities/Duties • Monitor and effectively manage client' s tax risk as well as ensure efficient retention of the Group tax information. • Provide oversight of M&A activity from a tax perspective and review work of assigned personnel on the appropriate tax structures to ensure that tax risks and opportunities are properly analysed and quality advice is provided for executive decision making. • Oversee tax filings locally & internationally to ensure compliance by all group companies with the regulatory requirements • Review and accommodate OECD minimum standards and any proposed amendment in Qatar tax regime and discuss with the Qatar tax authorities to ascertain that it does not unduly compromise State of Qatar's interest • Provide department manager/directorate EVP with qualitative reports on the risks/benefits associated to account of taxation regime in targeted countries for investment and in view of the applicable laws locally and internationally to assist senior management on making decision • Lead organisation’s tax function to ensure that all aspects of tax compliance are completed on a timely and accurate basis across organisation, tax issues are identified and escalated for remedial action where necessary, so client is appropriately prepared for the eventuality of a tax audit • Manage and supervise the activities of assigned personnel/subordinates and Qatari Developers in the client tax function to ensure the optimal utilisation of personnel and the development of Qataris to occupy target positions • Provide advice and perform ad-hoc tasks related to tax functions as and when required. • Supervise and instruct external tax service providers as needed and engaged on specialized matters with the objective to achieving optimal utilisation • Exercise significant discretion in deciding how to carry out the work, deal with problems and make recommendations • Perform work according to broad assignments guided by Corporation policies and procedures, professional accounting standards, generally accepted accounting practice and deep knowledge of local and international tax laws, practices, regulations and guidelines • Completed work is subject to general review by the Manager/ EVP-Finance & Planning • Results of recommendation and decisions taken by post holder can have far reaching effects on the levels of taxation imposed on the organisation Investment Profile and errors in judgement or delays in executing critical matters could result in significant additional cost I damage to the company which will not be immediately apparent and would be very expensive to resolve / remedy in the future • Authority (subject to appropriate HR approvals) to manage the staffing and professional development of the organisation’s tax function Experience/Qualifications Required • 20 years of international tax experience in a Big Four firm/industry to include experience of developing/managing a tax function • BA in Accounting/Tax Accounting • Chartered Accountant and/or a recognised international professional qualification in Accounting and/or Taxation (ACCA, CPA, ACA, etc.) • Technical tax expertise with an emphasis in the international area, including transfer pricing, OECD BEPS, international structuring and M&A. • Experience relating to upstream oil and gas activities would be considered an asset. Experience relating to LNG marketing activities • Fluent spoken/written English • Strong interpersonal skills, including ability to operate in multi-task environment. • Leadership skills, with an ability to develop and manage a team of high skilled professionals. • Ability to work independently and collaborate in a cross function working environment • Excellent oral and written communication skills, including ability to make effective presentations

Job Description

We seeking to recruit an ASSISTANT TAX MANAGER to work in QATAR on a long-term residential contract, married or single status. This position will be in the client’s Project, Finance & Controls Department responsible for managing the organisation’s tax strategy (locally & internationally) and objectives ensuring alignment with overall client business strategy and interest of Qatar. Lead a client tax function, provide oversight to a variety of corporate, commercial/finance matters and ensure tax compliance with regulatory requirements locally/internationally to ensure it is consistently applied across client organisation

Responsibilities/Duties

• Monitor and effectively manage client' s tax risk as well as ensure efficient retention of the Group tax information.

• Provide oversight of M&A activity from a tax perspective and review work of assigned personnel on the appropriate tax structures to ensure that tax risks and opportunities are properly analysed and quality advice is provided for executive decision making.

• Oversee tax filings locally & internationally to ensure compliance by all group companies with the regulatory requirements

• Review and accommodate OECD minimum standards and any proposed amendment in Qatar tax regime and discuss with the Qatar tax authorities to ascertain that it does not unduly compromise State of Qatar's interest

• Provide department manager/directorate EVP with qualitative reports on the risks/benefits associated to account of taxation regime in targeted countries for investment and in view of the applicable laws locally and internationally to assist senior management on making decision

• Lead organisation’s tax function to ensure that all aspects of tax compliance are completed on a timely and accurate basis across organisation, tax issues are identified and escalated for remedial action where necessary, so client is appropriately prepared for the eventuality of a tax audit

• Manage and supervise the activities of assigned personnel/subordinates and Qatari Developers in the client tax function to ensure the optimal utilisation of personnel and the development of Qataris to occupy target positions

• Provide advice and perform ad-hoc tasks related to tax functions as and when required.

• Supervise and instruct external tax service providers as needed and engaged on specialized matters with the objective to achieving optimal utilisation

• Exercise significant discretion in deciding how to carry out the work, deal with problems and make recommendations

• Perform work according to broad assignments guided by Corporation policies and procedures, professional accounting standards, generally accepted accounting practice and deep knowledge of local and international tax laws, practices, regulations and guidelines

• Completed work is subject to general review by the Manager/ EVP-Finance & Planning

• Results of recommendation and decisions taken by post holder can have far reaching effects on the levels of taxation imposed on the organisation Investment Profile and errors in judgement or delays in executing critical matters could result in significant additional cost I damage to the company which will not be immediately apparent and would be very expensive to resolve / remedy in the future

• Authority (subject to appropriate HR approvals) to manage the staffing and professional development of the organisation’s tax function

Experience/Qualifications Required

• 20 years of international tax experience in a Big Four firm/industry to include experience of developing/managing a tax function

• BA in Accounting/Tax Accounting

• Chartered Accountant and/or a recognised international professional qualification in Accounting and/or Taxation (ACCA, CPA, ACA, etc.)

• Technical tax expertise with an emphasis in the international area, including transfer pricing, OECD BEPS, international structuring and M&A.

• Experience relating to upstream oil and gas activities would be considered an asset. Experience relating to LNG marketing activities

• Fluent spoken/written English

• Strong interpersonal skills, including ability to operate in multi-task environment.

• Leadership skills, with an ability to develop and manage a team of high skilled professionals.

• Ability to work independently and collaborate in a cross function working environment

• Excellent oral and written communication skills, including ability to make effective presentations

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


Apply for this oil and gas job


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Emergency Response Coordinator (#228970983)

Posted: 19 June 2019 at 16:20   Expires: 17 July 2019 at 16:20

Posted In: Health & Safety > Emergency Response

Location: Qatar

We are seeking to recruit an EMERGENCY RESPONSE COORDINATOR who will be accountable for the development and establishment of Emergency Response best practices across the Industrial Cities Directorate ensuring continuous improvement in the deployment of resources and their response to incidents. The selected candidate will also lead the Emergency Operations Group during all major emergency incidents in the industrial cities making strategic decisions on behalf of the Director of the Industrial Cities (DC) to mitigate the effects of the incident on the population, multi-national companies and the national economy

Key Requirements

This position will be in the client’s HSSE Department and the selected candidate will be based in QATAR on a long-term residential contract on either married or single status. Experience/Qualifications Required Ideally have more than 15 years’ experience in an Emergency Response related profession with emergency planning experience for the oil, gas or chemical industry Must be an effective communicator with over 10 years of experience producing and delivering strategic high-level presentations to senior management from industry Must be assertive, confident, knowledgeable and demonstrate significant leadership qualities Must be able to make considered decisions of regional and national importance in times of emergency within the industrial cities Must have a proven history of managing and motivating multi-disciplinary teams, high level projects, financial transactions and complex organisational systems within a multi-cultural society Must have a working knowledge of Qatari Laws and a thorough understanding of the International Laws pertaining to emergency response in the oil, gas and other high-risk industries Must have an expert knowledge of international emergency response procedures within the oil and gas industries Must be able to develop high level emergency procedures autonomously, based on internationally recognised standards (e.g. N.F.P.A. and B.S.) and current best practices Detailed user knowledge of the following applications; Microsoft Office, PowerPoint, Excel, Access, Word and Project Should be able to effectively operate Lotus Notes, GIS software and SAP Must have an excellent command of the English language, being able to write comprehensive detailed technical reports and converse fluently in English to all levels of management and subordinates. Fluency in Arabic would be an advantage Must have a Degree or equivalent in an Emergency Response related field of study, such as safety, health, environment, fire, security, risk management, emergency planning or disaster management I

Job Description

We are seeking to recruit an EMERGENCY RESPONSE COORDINATOR who will be accountable

for the development and establishment of Emergency Response best practices across the Industrial Cities Directorate ensuring continuous improvement in the deployment of resources and their response to incidents. The selected candidate will also lead the Emergency Operations Group during all major emergency incidents in the industrial cities making strategic decisions on behalf of the Director of the Industrial Cities (DC) to mitigate the effects of the incident on the population, multi-national companies and the national economy

This position will be in the client’s HSSE Department and the selected candidate will be based in QATAR on a long-term residential contract on either married or single status.

Experience/Qualifications Required

Ideally have more than 15 years’ experience in an Emergency Response related profession with emergency planning experience for the oil, gas or chemical industry

Must be an effective communicator with over 10 years of experience producing and delivering strategic high-level presentations to senior management from industry

Must be assertive, confident, knowledgeable and demonstrate significant leadership qualities

Must be able to make considered decisions of regional and national importance in times of emergency within the industrial cities

Must have a proven history of managing and motivating multi-disciplinary teams, high level projects, financial transactions and complex organisational systems within a multi-cultural society

Must have a working knowledge of Qatari Laws and a thorough understanding of the International Laws pertaining to emergency response in the oil, gas and other high-risk industries

Must have an expert knowledge of international emergency response procedures within the oil and gas industries

Must be able to develop high level emergency procedures autonomously, based on internationally recognised standards (e.g. N.F.P.A. and B.S.) and current best practices

Detailed user knowledge of the following applications; Microsoft Office, PowerPoint, Excel, Access, Word and Project

Should be able to effectively operate Lotus Notes, GIS software and SAP

Must have an excellent command of the English language, being able to write comprehensive detailed technical reports and converse fluently in English to all levels of management and subordinates. Fluency in Arabic would be an advantage

Must have a Degree or equivalent in an Emergency Response related field of study, such as safety, health, environment, fire, security, risk management, emergency planning or disaster management

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


Apply for this oil and gas job


Source: RSS feed of oil and gas jobs from Natural Resources Ltd (via oilandgaspeople.com)

Senior Operations Supervisor (Gas Processing) (#438970894)

Posted: 19 June 2019 at 16:20   Expires: 17 July 2019 at 16:20

Posted In: Terminal/Refinery/Distribution > LNG

Location: Qatar

We are seeking to recruit for the position of SR. OPERATIONS SUPERVISOR (GAS PROCESSING) to supervisor day-to-day operation of gas processing plants, storage/loading/utilities and associated gas/liquid pipelines; including directing operating personnel in optimisation of unit throughout and assigning maintenance priorities.

Key Requirements

The position will be in based in QATAR in the client’s Gas Processing Department on a long-term residential contract on married or single status. Experience/Qualifications Required 10+ years operations experience in Hydrocarbon Processing Industry including at least 3 in a Supervisory position. Must have excellent verbal and written communication skills Basic computer skills to include knowledge of Excel, MS Word and Power Point B.Sc. or Diploma/Degree preferably in Chemical Engineering

Job Description

We are seeking to recruit for the position of SR. OPERATIONS SUPERVISOR (GAS PROCESSING) to supervisor day-to-day operation of gas processing plants, storage/loading/utilities and associated gas/liquid pipelines; including directing operating personnel in optimisation of unit throughout and assigning maintenance priorities.

As a team member, will also assist in other Maintenance, Engineering and HSE related activities.

The position will be in based in QATAR in the client’s Gas Processing Department on a long-term residential contract on married or single status.

Experience/Qualifications Required

10+ years operations experience in Hydrocarbon Processing Industry including at least 3 in a Supervisory position.

Must have excellent verbal and written communication skills

Basic computer skills to include knowledge of Excel, MS Word and Power Point

B.Sc. or Diploma/Degree preferably in Chemical Engineering

If you wish to be considered for the above position kindly send an updated detailed CV/Resume in Microsoft word format


Apply for this oil and gas job


Source: RSS feed of oil and gas jobs from Natural Resources Ltd (via oilandgaspeople.com)

Global Oil Market Surprisingly Oversupplied

Despite OPEC oil production cuts and Venezuela and Iran sanctions, the world seems to be oversupplied with crude oil, with the excess amounting to some 90 million barrels above the average 2018 level, according to energy data provider Kayrros. The company said global oil inventories rose by as much as 40 million barrels in May alone on the back of weaker demand from refiners and end consumers as well as the steady and strong growth in U.S. light crude production. What’s more, total OPEC exports are not falling as much as previously expected…

Source: Oilprice.com

Ottawa Approves Critical Trans Mountain Expansion

The federal government of Canada has approved the controversial Trans Mountain oil pipeline expansion project that it bought from Kinder Morgan last year. The project will triple the pipeline’s capacity to 890,000 bpd and this has sparked the outrage of the British Columbian government and a series of moves aimed at stopping the project. Alberta’s energy industry had reason to rejoice, but it will probably not rush into it. As the Edmonton Journal quoted Premier Jason Kenny as saying, “(This) isn’t a victory to celebrate,…

Source: Oilprice.com

U.S. Oil & Natural Gas Industry Has Caused a “Tectonic Change” in Energy Markets

Following a “tectonic change” in global energy markets over the past decade from the shale revolution, “there is a bright future for natural gas,” according to American Gas Association President and CEO Karen Harbert.

In a recent Columbia Energy Exchange podcast on the U.S. oil and natural gas industry and the infrastructure and regulatory challenges it’s facing, Harbert discussed with host Bill Loveless how much America’s energy renaissance has changed the world energy outlook and reduced emissions.

The United States has transformed from energy scarcity to energy security in less than a decade.

Harbert, who worked in the Bush administration’s Department of Energy, described how supply concerns hampered its response to hurricanes Katrina and Rita. While the government could tap the Strategic Petroleum Reserve to help bring down gasoline prices, there was no such additional supply of natural gas.

“As I was looking at natural gas in 2005, I had no options. I had no extra supply. There was no extra supply on the market.”

At the time, the government rushed to expedite the permitting of import infrastructure to meet demand. Today, Harbert says, some of that import infrastructure is being converted to export infrastructure, which she deemed a “tectonic change” in the industry.

Her remarks come on the heels of an International Energy Agency report that found that the United States will be the world’s largest net exporter of natural gas within five years. This dramatic announcement frames just how far the country has come since 2005.

More infrastructure is needed to meet growing demand.

But the United States isn’t just meeting world energy demands. Many Americans are switching to natural gas and even more are getting their electricity from natural gas-fired power plants, thanks to the abundance of the resource unlocked by shale development. New infrastructure is essential to keep up with this rising demand.

“The natural gas utilities that [AGA represents] add a customer every minute. Every minute of every day. So, this year alone, you know, we’ve added about 250,000 new customers and we’ve put in about 6,000 miles of new pipeline.”

She stressed the safety benefits of pipeline construction, explaining that the industry has spent $10.5 billion to improve safety and that in many instances, new construction can replace aging systems installed 50 to 60 years ago. However, permitting concerns continue to delay the construction of energy infrastructure. This could hamstring growth, especially if delays cause projects to lose investor backing.

“We actually need to be able to move these gas molecules around the country and that’s becoming an increasing challenge to get these large pipeline projects permitted. It’s taking a long time. It’s costing a lot of money and capital doesn’t wait so long.”

Increasingly, environmental activists are attempting to “Keep It In the Ground” by targeting pipelines, including the replacement of older infrastructure Harbert discussed. KIITG-like policies have also caused some states to miss out on the benefits of the shale revolution. For instance, in New England and New York, stiff resistance to pipeline projects has prevented natural gas produced in the nearby Marcellus and Utica shale regions from reaching these markets. As Harbert explained:

“Right now, there are a number of pipeline projects that have been proposed to take gas from not too far away, Pennsylvania, Ohio, bring it through New York, supply a little bit to New York or Westchester County but go up to New England where they are dying for more natural gas. … So, if we could get those projects permitted, and up to New England, they would have an affordable, reliable supply of natural gas and when it’s practical, they can also back up the renewable sources up in New England. So it’s a win-win for New England but it is really difficult to get to the state of New York right now.”

Beyond these blockades of infrastructure in the Northeast, KIITG activists have also strategically used vandalism and trespassing to delay projects – actions that risk danger to both people and the environment, while costing pipeline companies millions of dollars in construction delays.  Prompted by these actions, several states and the federal government have proposed legislation to stiffen criminal penalties for those who vandalize pipeline infrastructure as the industry continues to improve the safety of pipelines.

Further, as Harbert explained, the oil and natural gas industry is working with the Pipeline and Hazardous Materials Safety Administration to draft legislation that would reauthorize safety programs, expand grants funding community pipeline safety training and emergency response and extend research and development awards and state pipeline safety program grants. As Harbert said:

“So, it’s stepping up to the plate when you need to. As we look to the rest of this Congress, we have to do a pipeline reauthorization bill and that’s all about safety.”

Natural gas is a win for the economy and the environment.

Harbert also believes the industry can contribute to discussions about reducing greenhouse gas emissions and increasing energy efficiency.

“[N]atural gas is a part of the solution to addressing our environmental challenges, concerns, aspirations as I mentioned earlier, because we are using more natural gas, our CO2 emissions are coming down, importantly also the really bad pollutants like mercury and toxics and those things have come way, way down which has improved people’s air and people’s water. And that’s a really important thing for us in this country.”

Telling Loveless that the environmental footprint of natural gas was a “great story,” she lauded how the gas industry has reduced emissions while growing its customer base.

“We are using more natural gas today and our emissions from the sector are coming down. That’s because we are replacing some coal, but [natural gas] is also becoming a lot more efficient and we have high technology devices that we are putting into homes and businesses that are allowing them to use natural gas more efficiently.”

The increased use of natural gas for electricity generation has not only reduced carbon emissions, it has also lowered levels of contaminants like mercury. Nonetheless, natural gas has been demonized by activists pushing a zero-fossil fuel agenda, that is far-removed from reality. As Harbert explains:

“Because remember, this isn’t something that can be solved by one technology or one industry or frankly even one country. The solutions have to be practical, they have to be scalable and they have to be technologically ready and all of that comes back to in some way natural gas that has all that attributes.”

Conclusion

U.S. natural gas has a vital role to play in not only ensuring global access to an abundant supply of energy, but doing so in a way that improves the environment. As Harbert explains:

“It’s an important part of our energy future as a clean source of energy. It’s an important part of our competitiveness, by keeping natural gas prices low, electricity prices low. It’s an important part of our trade relationship with countries around the world as we are supplying, you know, more energy to market and having them have access to alternatives, to you know, Russian gas or other gas. So, it’s like look across the United States and around the world. There is a bright future for natural gas for sure.”

The post U.S. Oil & Natural Gas Industry Has Caused a “Tectonic Change” in Energy Markets appeared first on .

Source: Energy In Depth

Crude Withdrawal Supports Prices

US crude oil stocks posted a decrease of 3.1 MMBbl from last week. Gasoline and distillate inventories decreased 1.7 MMBbl and 0.6 MMBbl, respectively. Yesterday afternoon, API reported a crude oil draw of 0.8 MMBbl, alongside a gasoline build of 1.46 MMBbl and a distillate draw of 50 MBbl. Analysts were expecting a larger crude draw of 2.0 MMBbl. The most important number to keep an eye on, total petroleum inventories, posted a decrease of 0.4 MMBbl. For a summary of the crude oil and petroleum product stock movements, see the table below.

US crude oil production decreased 100 MBbl/d last week, per the EIA. Crude oil imports were down 0.1 MMBbl/d last week to an average of 7.5 MMBbl/d. Refinery inputs averaged 17.3 MMBbl/d (200 MBbl/d more than last week’s average), leading to a utilization rate of 93.9%. The bullish report due to higher than expected crude withdrawal is supporting prices. Prompt-month WTI was trading up $0.34/Bbl, at $54.24/Bbl, at the time of writing.

Lingering trade tensions between the US and China, weaker demand growth, and worries over global economic health have been pressuring prices. Expectations that trade officials from the US and China would settle on an agreement on the trade disputes during the June 28-29 G20 meeting in Osaka had been fading away, which was the main catalyst driving the bearish sentiment. Prices took a sharp positive turn yesterday, increasing nearly 4% after US President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 meeting. Also supporting prices were Saudi Arabia’s reportedly increasing pressure on OPEC members and allies to reach an agreement on extending supply cuts and increasing tensions in the Middle East following last week’s tanker attacks, with the US planning to send more troops to the region.

The attacks last week on two tankers in the coast of Strait of Hormuz, the world’s busiest sea lane for oil shipments, triggered concerns about supply disruptions from the region; however the US –   China trade tensions and gloomy economic and demand outlook had offset the supply risk price movement until President Trump’s statement that a meeting will take place with the Chinese president during the G20 meeting. It is too early to tell what the outcome from the meeting between Trump and his counterparty will be at the end of the month, as the countries have been unable to reach an agreement for months now. IEA’s new monthly report showing a down revision of demand growth by 0.1 MMBbl/d in 2019, as well as a slowing Chinese economy as a result of trade wars, will continue to keep the pressure on prices.

Market will be awaiting the outcome of the G20 meeting on the trade tensions for clarity on the demand side as well as the outcome of the OPEC meeting that will take place around the same time frame as the G20 meeting on the supply side, which will indicate whether OPEC+ will decide to extend the production cut agreement into the second half of the year. Until the results of these meeting materialize, any news on further increasing tensions in the Middle East or demand deteriorating further will be the main driver of any price movement.

The market internals maintain a consolidating trade within the new range. Last week’s trade softened the oversold conditions, as the market closed in the middle of the range on rising volume, while open interest declined. The last two weeks traded to highs of $54.63/Bbl and $54.84/Bbl, respectively, and those levels should find sellers this week. A break above those levels this week will likely challenge the area where prices broke down: between $56.00/Bbl and $57.33/Bbl. Should prices reach this range, selling should accelerate. Declines back to the lows of the past two weeks, at $50.60/Bbl to $50.72/Bbl, will find buyers just like last week. The recent range should hold without significant expansion of the conflict with Iran.

Petroleum Stocks Chart

The post Crude Withdrawal Supports Prices appeared first on Drillinginfo.

Bullish EIA Data Pushes Oil Prices Higher

After two consecutive weeks of crude oil inventory builds, this week the Energy Information Administration offered some respite for prices with a draw, of 3.1 million barrels for the week to June 14. As oil prices remain apathetic despite a spike in tensions in the Middle East, the EIA also reported a draw in gasoline inventories, of 1.7 million barrels, after two weekly builds in a row totaling 4 million barrels. Gasoline builds in driving season are invariably taken as bad news and cause for concern, but truth be told it is early days and prices…

Source: Oilprice.com

Air Strike Hits NOC Warehouse In Libya

In what is the first confirmed strike against a foreign-owned oil asset, Libya’s National Oil Corporation said a warehouse in Tripoli that it owns jointly with Italian Eni was hit after an air strike. Reuters quoted NOC’s chairman Mustafa Sanalla as saying, “We are witnessing the destruction of the corporation’s facilities before our eyes,” adding that the material losses from the strike were significant. The air strike comes as Khalifa Haftar’s Libyan National Army continues its offense on Tripoli, currently…

Source: Oilprice.com

Quorum Software Acquires Archeio Technologies

HOUSTON – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it has acquired Dallas-based Archeio Technologies, the leading provider of oil and gas document classification and smart search technology. The acquisition expands and strengthens Quorum’s industry-leading software and services with a cloud-based document management tool built…

Gazprom Management Committee reviews progress of Nord Stream 2 and TurkStream projects

The Gazprom Management Committee reviewed the progress of the construction projects for the Nord Stream 2 and TurkStream export gas pipelines.

It was noted that both projects are going according to schedule.

To date, about 1,450 kilometers of the Nord Stream 2 pipeline, i.e. over 59 per cent of its total length, have been laid in the Baltic Sea. Pipelaying is currently underway in Finnish waters. In addition, onshore facilities are being built within the Russian and German sections.

In Russian territory, Gazprom continues its extensive efforts for the development of the northern gas transmission corridor, which will, inter alia, feed gas into Nord Stream 2.

Among other things, compressor shops are under construction at the Bovanenkovo – Ukhta 2 and Ukhta – Torzhok 2 gas pipelines. As part of the project for creating gas transmission capacities between Gryazovets and the Slavyanskaya compressor station (CS) in northwestern Russia, 858 kilometers of pipes have been welded within the 876-kilometer linear part, which is planned to go into operation this year. Works at the Slavyanskaya CS are in their final stage.

The meeting participants discussed the ongoing implementation of the TurkStream project. Pipelaying of the gas pipeline's offshore section in the Black Sea has been finished. The Russkaya CS and the landfall section in Russia, currently in the start-up phase, are ready to operate. Meanwhile, a receiving terminal is being constructed in Turkey, with over 80 per cent of the construction and installation work already completed.

The Management Committee instructed the relevant subdivisions to continue implementing the projects.

Background

Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea. In 2017, Nord Stream 2 AG signed agreements with ENGIE, OMV, Royal Dutch Shell, Uniper, and Wintershall to provide financing for 50 per cent of the total cost of the project.

TurkStream is the project for an export gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey's border with neighboring countries. The first string of TurkStream is intended for Turkish consumers, while the second string will deliver gas to southern and southeastern Europe. Each string will have the throughput capacity of 15.75 billion cubic meters of gas per year.

 



Saab Seaeye eRobotics Campaign Wins UTC Award (Wednesday, 19 June 2019)

A project that achieved a world first in subsea vehicle deepwater residency capability, proving the potential for marine autonomous systems to take a greater role in underwater inspection, repair and maintenance methodologies, is the winner of the annual UTC Subsea Award.

The UTC Subsea Award, presented by the Underwater Technology Foundation (UTF), is designed to recognize the many outstanding achievements within the subsea industry. The 2019 award was presented to Saab Seaeye’s Jan Siesjö, Chief Engineer, and Peter Erkers, sales director, for the Saab eRobotic Spring Campaign 2019, tonight at the Underwater Technology Conference annual dinner, held in Bergen.

@hotTipLiveSnapshot@

Siesjö has played a central role in the development of Saab Seaeye’s underwater robotics, including the development of a field resident system for offshore oil and gas fields, using the company’s 3,000-meter-rated Sabertooth autonomous underwater vehicle (AUV). Development of the concept dates back more than 10 years, to when Saab started investigating opportunities to work in the Norwegian market. Back then, the idea was ahead of its time.

Now, thanks development projects with Italian operator Eni, as well as parallel developments in inductive underwater charging and data transmission technology, 4G connectivity across the North Sea and other basins, and the development of standardized docking stations, the market is catching up with the concept.

Earlier this year, during its eRobotics Spring Campaign, Saab Seaeye demonstrated the vehicle’s ability to dock in a safe and controlled manner at a remote sub-resident docking station, where it could access tooling packages, be recharged and transfer data, including new mission plans, using Blue Logic inductive connectors.

“It has been a long journey,” says Siesjö. “Ten years ago, no one was listening and the market was not mature enough. One of the biggest drivers has been Eni, who have been pursuing technologies with autonomous behavior characteristics around subsea infrastructure on the seafloor with wireless communication.”

Having a subsea vehicle based at a subsea docking station, ready to be launched on pre-programmed or man-controlled missions, including inspection, repair and maintenance, research tasks and environmental monitoring, no matter what the weather and without the need for surface vessel support, reduces costs, carbon emissions and risk to humans and increases operational availability.

“The advance is only possible because of the advanced technological capability of the Sabertooth and its maneuverability, stability and ability to work in tough and challenging environments,” says Erkers. “It is the only hovering autonomous system that can operate in both AUV and ROV [remotely operated underwater vehicle] modes and handle connections in both the horizontal and vertical plane. And it is the only vehicle currently on the market capable of undertaking long-term residency in difficult to access locations.”

Separately, Saab Seaeye is working with Ocean Power Technologies (OPT) to jointly develop and market solutions for AUV and ROV charging and communications systems, using a buoy-based wave energy generator for power and communications. Its Sabertooth is also being used by Eni, which is trialing a wave power buoy to demonstrate the ability to charge subsea vehicles. Later this year, a Sabertooth, adapted by Modus Seabed Intervention, based in England, will also be demonstrated as a resident vehicle on a UK offshore wind farm.

“Subsea resident vehicles able to remain on the seabed for long periods, available for inspection and maintenance operations 24/7, aligns with industry efforts to reduce costs, risk and carbon emissions,” says Hans-Erik Berge, chair of the UTF board. “We congratulate Saab Seaeye for its achievement and we also recognize the work being done by Equinor and NTNU, to create a vehicle agnostic standardized docking stations available at a test facility for all vehicle vendors to use for testing.”

Source: www.oedigital.com

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OPEC Agrees To Schedule Meeting On July 1-2

After weeks of disagreements, conflicting reports, and discussions about scheduling conflicts, OPEC has finally decided when it will hold its key meeting to decide whether to extend the oil production cuts beyond June—it is postponing the originally scheduled June 25-26 meeting with a week, to July 1 and 2. According to the changed timeline of the upcoming events on OPEC’s website, the Joint Ministerial Monitoring Committee (JMMC)—which reviews market fundamentals and makes recommendations to the whole group—will meet on…

Source: Oilprice.com

More new natural gas combined-cycle power plants are using advanced designs

Lower natural gas prices in recent years have spurred the construction of new natural gas-fired power plants in the United States. Of the new U.S. natural gas capacity added since 2016, 31% use advanced natural gas-fired combined-cycle (ANGCC) units. Greater use of the new, larger ANGCC designs has led to efficiency gains and economies of scale, which have resulted in reduced capital construction costs. These lower costs are likely to substantially increase ANGCC’s share of new U.S. natural gas capacity additions in future years.

Federal cabinet ministers visit Edmonton, Calgary, in wake of TMX approval

EDMONTON – Two federal cabinet ministers are making appearances in Alberta today following the Trudeau government’s controversial second approval of the Trans Mountain pipeline expansion. Natural Resources Minister Amarjeet Sohi is set to visit Trans Mountain Corp.’s terminal in Edmonton, while Finance Minister Bill Morneau will address an Economic Club of Canada breakfast in Calgary. [Read more]

Source: BOE Report