DOCSLIB.ORG

Subsea Brochure Final.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Subsea Brochure Final.Pdf — INSUBSEA® Power and Automation Expanding capacity, extending lifespan and reducing cost for oil and gas fields — ABB Energy Industries abb.com/oilandgas © Copyright 2020 ABB. All rights reserved. Specifications subject to change without notice. 9AKK107045A3106 2 INSUBSEA® POWER AND AUTOMATION 3 — — We are making a world of Table of contents difference by enabling safe, smart and sustainable operations through innovative & integrated solutions that digitalize, automate 04 Challenges facing the offshore & electrify the industry. ABB has sector been a leading innovator in 05 Pre-studies to front-end engineering and design developing the next generation of 06 Subsea power subsea technologies for our energy 07 Long step-out system customers. 08 Direct electrical heating 09 Subsea power distribution system 10 Subsea automation 11 Going the distance 12-13 Global references 4 INSUBSEA® POWER AND AUTOMATION 5 — — Challenges facing the offshore sector Pre-studies to front-end engineering and design “Subsea to market” is a future vision whereby the — — ABB’s specialists have a thorough understanding entire processing plant – production, separation Benefits Challenge of the power requirements for subsea and storage – is relocated to the sea bed, from applications such as boosting and separation, which oil and gas is piped directly to onshore • Minimizes capital and operating expenditures Today’s projects need to be completed on- and add high-value expertise to both system and tanks. through lower project investment and schedule, on budget and without any risks to application engineering. Analyzing the system maintenance personnel or future production. usage under both steady state and dynamic Fully powered and automated subsea oil and gas • Improves recovery rates conditions reduces any risks associated with production facilities, moves platform workers to • Extends life of aging assets — equipment dimensioning. shore-based control rooms, taking away physical • Significantly improves operational safety Solution risk, reducing operational and energy costs, • Opens new opportunities to explore longer, With electrical system design studies from ABB, cutting marine pollution and simplifying deeper and colder fields With over 30 years’ experience in subsea projects, offshore operators can be assured that the total decommissioning. • Enables production from remote and smaller ABB has assembled a team of engineering subsea electrical system, power network and all fields experts capable of performing a range of components are properly engineered and ABB has more than 50 years of experience in the • Digital technology that integrates power and consultation services including preliminary dimensioned for optimal short- and long-term oil and gas industry and has become an automation to provide reliable performance project studies through to front-end engineering performance. innovative leader in subsea power and and predict problems before they happen and design (FEED). automation. ABB’s ability to adopt the best approach to a While each customer challenge is bespoke, the given problem rests on its unrivalled experience ABB team is able to draw on its wealth of know- of what works in the oil and gas industry. Armed how to provide a preliminary assessment of the with this knowledge ABB offers a wide range of task. ABB offers a pre-study model that ensures services in the fields of electrical generation and its customers’ production activities are feasible distribution, automation and optimization, and and profitable in locations that are increasingly full range of telecoms and information systems. further from shore and in ever deeper and colder water. — Benefits Once the feasibility work is completed, the FEED study sets out everything that must be • ABB can take the lead in the initial planning of accomplished in the execution phase. This is a the work, or can advise consultants and complete to-do list, including technical contractors. requirements, applicable standards, project • ABB can help to establish the design criteria, guidelines, analysis and drawings. and because it knows the capability of its factories, the company can make sure that everything that is designed can be fulfilled within the time stated. — — Direct electrical heating Direct electrical heating — — — — CASE STUDY 3 - GULFAKS CASE STUDY 4CASE - NAKIK STUDA Y 3 - GULFAKS CASE STUDY 4 - NAKIKA Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed Lorem ipsum dolorLorem sit ipsum amet, dolor consec sittetuer amet, adipiscing consectetuer elit, adipiscing sed elit, sed Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore diam nonummdiamy nibh nonumm euismody tinciduntnibh euismod ut laor tincidunteet dolor ute laoreet dolore diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, magna aliquammagna erat v olutpat.aliquam Uterat wisi volutpat. enim ad Ut minim wisi enim veniam, ad minim veniam, magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exercitation ulliam corper suscipit lobortis nisl ut quis nostrud exerquiscitation nostrud ulliam exer citationcorper suscipit ulliam c lobororpertis suscipit nisl ut lobor tis nisl ut quis nostrud exercitation ulliam corper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem veleum iriure aliquip ex ea commodoaliquip ex c eaonsequat. commodo Duis consequat. autem veleum Duis autemiriure veleum iriure aliquip ex ea commodo consequat. Duis autem veleum iriure dolor in hendrerit in vulputate velit esse molestie consequat, dolor in hendreritdolor in invulputate hendrerit velit in vulputateesse molestie velit cesonsequat,se molestie consequat, dolor in hendrerit in vulputate velit esse molestie consequat, vel willum lunombro dolore eu feugiat. vel willum lunombrvel willumo dolor lunombre eu feugiat.o dolore eu feugiat. vel willum lunombro dolore eu feugiat. 100 km 100 km TO SAFE TEM TO SAFE TEM E HEATS PERATU E HEATS PERATU ELIN RE BY ELIN RE BY PIP AC PIP AC O SEAWATER IN A C O SEAWATER IN A C APES T ONTR APES T ONTR ESC OLLE ESC OLLE NT D NT D RE MA RE MA UR NN UR NN C E C E R R Cable outer Pipeline Cable outer Pipeline element near end element near end Piggyback cable Piggyback cable Power on pipeline is primary Anodes connect Power on pipeline is primary Anodes connect conductor for current pipeline to seawater conductor for current pipeline to seawater 6 INSUBSEA® POWER AND AUTOMATION 7 — — Shore 600 km Shore 600 km Topside grid Input Variable Step-up Topside gridSubseaInput Variab powerle Step-up Long step-out system transformer speed drive transformer transformer speed drive transformer Onshore terminal Onshore terminal Shore 120 km plus Asgard Platform 43 km Shore 120 km plus Asgard Platform 43 km — — — • Subsea processing Challenge Benefits Challenge • DeepwaterLorem developments ipsum Lorem ipsum • Export applications Conventional oil and gas production is based on Supporting this is ABB Ability solutions which Future oil and gas reservoirs are located at platforms tied to the seabed or “floaters” that enable oil and gas companies to explore deeper increasing distances and depths from shore and — can maintain a fixed position above it. This resources and increase profitability and reliability reaching them brings high cost and risk, low Benefits topside arrangement is potentially a risk to the of operations through process controls that efficiency and poor reliability. people who staff it, and it requires a great deal of communicate with, and automate, the equipment • Improved cost efficiency infrastructure, from the steel or concrete operating on the seabed. — • Increased production and flow assurance platforms itself to the pipelines and cables for Solution • Minimized risk and environmental impact power transmission and distribution. Multiple • Extended capacity and lifespan of oil and systems need to be integrated and then operated ABB’s INSUBSEA® long step-out system includes gas fields at the bottom of the sea. At the end of its life, all drives for seabed compressors and pumps that this must be taken away for disposal on shore. can sit up to 150 km away from topside Åsgard – new world record from ABB infrastructure. The system is based on ABB’s Åsgard is on the Haltenbanken of Norway in water — standard frequency converters and specially depths of 240-310 m. Gas and condensate from Solution designed transformers, adapted to meet the the Midgard and Mikkel reservoirs are stringent requirements of topside or subsea transported through long distance flow lines to ABB is a leading supplier of electrification installation. the Åsgard B platform. ABB provides the power to solutions to the oil and gas industry and offers a the world‘s first subsea gas compression system. range of specialized electric power systems, The systems, which are customized, provide a The system will be able to send 15 MVA at 189 Hz drives and services for critical, further and deeper low-cost solution to brownfield extensions and a over 43 km. That sets a new world record for water production equipment. The equipment cost-effective solution to greenfield distance, voltage and frequency between a drive must operate at immense pressures in a highly developments. Long step-out systems apply to: on a floating production facility and seabed corrosive environment with little or no • Re-use and upgrade of existing infrastructure compressor. maintenance. • Tie-in of remote pockets of resources
Load more

Recommended publications
  • Offshore Wind and Hydrogen: Solving the Integration Challenge
    OFFSHORE WIND AND HYDROGEN SOLVING THE INTEGRATION CHALLENGE OSW-H2: SOLVING THE INTEGRATION CHALLENGE 1 ACKNOWLEDGMENTS The study was jointly supported by the Offshore Wind Industry Council (OWIC) and Offshore Renewable Energy (ORE) Catapult, and delivered by ORE Catapult. The Offshore Wind Industry Council is a senior Government and industry forum established in 2013 to drive the development of the UK’s world- leading offshore wind sector. OWIC is responsible for overseeing implementation of the UK Offshore Wind Industrial Strategy. ORE Catapult is a not-for-profit research organisation, established in 2013 by the UK Government as one of a network of Catapults in high growth industries. It is the UK’s leading innovation centre for offshore renewable energy and helps to create UK economic benefit in the sector by helping to reduce the cost of offshore renewable energy, and support the growth of the industry. AUTHORS: ANGELIKI SPYROUDI KACPER STEFANIAK DAVID WALLACE STEPHANIE MANN GAVIN SMART ZEYNEP KURBAN The authors would like to thank a number of organisations and stakeholders for their support through Steering Committee and Expert Group meetings or individually. They include, in alphabetical order: Atkins (David Cole), BEIS (Tasnim Choudhury, Simone Cooper Searle, David Curran, Rose Galloway – Green, Fiona Mettam, Alan Morgan, Allan Taylor, Mark Taylor, Rita Wadey, Alex Weir) Committee on Climate Change (Mike Hemsley, David Joffe, Julia King), Crown Estate Scotland (Mark McKean), EDF Energy (David Acres), Energy Systems Catapult (Nick
    [Show full text]
  • Candidates Nominated to the Board of Directors in Gjensidige Forsikring ASA
    Office translation for information purpose only Appendix 18 Candidates nominated to the Board of Directors in Gjensidige Forsikring ASA Per Andersen Born in 1947, lives in Oslo Occupation/position: Managing Director, Det norske myntverket AS Education/background: Chartered engineer and Master of Science in Business and Economics, officer’s training school, Director of Marketing and Sales and other positions with IBM, CEO of Gjensidige, CEO of Posten Norge and Managing Director of ErgoGroup, senior consultant to the CEO of Posten Norge, CEO of Lindorff. Trond Vegard Andersen Born in 1960, lives in Fredrikstad Occupation/position: Managing Director of Fredrikstad Energi AS Education/background: Certified public accountant and Master of Science in Business and Economics from the Norwegian School of Business Economics and Administration (NHH) Offices for Gjensidige: Member of owner committee in East Norway Organisational experience: Chairman of the Board for all FEAS subsidiaries, board member for Værste AS (regional development in Fredrikstad) Hans-Erik Folke Andersson Born in 1950, Swedish, lives in Djursholm Occupation/position: Consultant, former Managing Director of insurance company Skandia, Nordic Director for Marsh & McLennan and Executive Director of Mercantile & General Re Education/background: Statistics, economy, business law and administration from Stockholm University Offices for Gjensidige: Board member since 2008 Organisational experience: Chairman of the Board of Semcon AB, Erik Penser Bankaktiebolag and Canvisa AB and a board member of Cision AB. Per Engebreth Askildsrud Born in 1950, lives in Jevnaker Occupation/position: Lawyer, own practice Education/background: Law Offices for Gjensidige: Chairman of the owner committee Laila S. Dahlen Born in 1968, lives in Oslo Occupation/position: Currently at home on maternity leave.
    [Show full text]
  • UK Offshore Oil and Gas
    House of Commons Energy and Climate Change Committee UK offshore oil and gas First Report of Session 2008–09 Volume II Oral and written evidence Ordered by The House of Commons to be printed date 17 June 2009 HC 341-II Published on date 30 June 2009 by authority of the House of Commons London: The Stationery Office Limited £16.50 The Committee Name The Energy and Climate Change Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department of Energy and Climate Change and associated public bodies. Current membership Mr Elliot Morley MP (Labour, Scunthorpe) (Chairman) Mr David Anderson MP (Labour, Blaydon) Colin Challen MP (Labour, Morley and Rothwell) Nadine Dorries MP (Conservative, Mid Bedfordshire) Charles Hendry MP (Conservative, Wealden) Miss Julie Kirkbride MP (Conservative, Bromsgrove) Anne Main MP (Conservative, St Albans) Judy Mallaber MP (Labour, Amber Valley) John Robertson MP (Labour, Glasgow North West) Sir Robert Smith MP (Liberal Democrats, West Aberdeenshire and Kincardine) Paddy Tipping MP (Labour, Sherwood) Dr Desmond Turner MP (Labour, Brighton Kemptown) Mr Mike Weir MP (Scottish National Party, Angus) Dr Alan Whitehead MP (Labour, Southampton Test) Powers The committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publication The Reports and evidence of the Committee are published by The Stationery Office by Order of the House. All publications of the Committee (including press notices) are on the Internet at www.parliament.uk/parliamentary_committees/ecc.cfm.
    [Show full text]
  • Norwegian Petroleum Technology a Success Story ISBN 82-7719-051-4 Printing: 2005
    Norwegian Academy of Technological Sciences Offshore Media Group Norwegian Petroleum Technology A success story ISBN 82-7719-051-4 Printing: 2005 Publisher: Norwegian Academy of Technological Sciences (NTVA) in co-operation with Offshore Media Group and INTSOK. Editor: Helge Keilen Journalists: Åse Pauline Thirud Stein Arve Tjelta Webproducer: Erlend Keilen Graphic production: Merkur-Trykk AS Norwegian Academy of Technological Sciences (NTVA) is an independent academy. The objectives of the academy are to: – promote research, education and development within the technological and natural sciences – stimulate international co-operation within the fields of technology and related fields – promote understanding of technology and natural sciences among authorities and the public to the benefit of the Norwegian society and industrial progress in Norway. Offshore Media Group (OMG) is an independent publishing house specialising in oil and energy. OMG was established in 1982 and publishes the magazine Offshore & Energy, two daily news services (www.offshore.no and www.oilport.net) and arranges several petro- leum and energy based conferences. The entire content of this book can be downloaded from www.oilport.net. No part of this publication may be reproduced in any form, in electronic retrieval systems or otherwise, without the prior written permission of the publisher. Publisher address: NTVA Lerchendahl gaard, NO-7491 TRONDHEIM, Norway. Tel: + (47) 73595463 Fax: + (47) 73590830 e-mail: [email protected] Front page illustration: FMC Technologies. Preface In many ways, the Norwegian petroleum industry is an eco- passing $ 160 billion, and political leaders in resource rich nomic and technological fairy tale. In the course of a little oil countries are looking to Norway for inspiration and more than 30 years Norway has developed a petroleum guidance.
    [Show full text]
  • Mr. Thorleif Enger Elected New Telenor Chairman
    Mr. Thorleif Enger elected new Telenor Chairman The Corporate Assembly of Telenor ASA has elected Mr. Thorleif Enger (59) as new Chairman of the Board. Mr. Enger has been a member of the Board since October 2001. Thorleif Enger has a PhD in Structural Engineering from the University of Colorado, USA and today holds position as Executive Vice President and member of Norsk Hydro Corporate Management, in charge of Hydro Agri, the world's largest fertilizer company. Mr. Enger has been with Norsk Hydro since 1973 and has, among other things, been Project Director for the development of the Oseberg Field in the North Sea and has been responsible for Norsk Hydro's domestic and foreign oil and gas acitivities. From 1970 to 1973 he was employed by Shell Development Company in Houston, Texas. Mr. Thorleif Enger succeeds Mr. Tom Vidar Rygh, who resigned as Chairman in December 2002 when he accepted the position as head of the investment bank Enskilda Securities AB in Sweden. The Board of Telenor ASA after this consist of: Thorleif Enger, Chairman à shild Bendiktsen, Deputy Chairman Hanne de Mora Jørgen Lindegaard Bjørg Ven Einar Førde Per Gunnar Salomonsen (employee representative) Irma Ruth Tystad (employee representative) Harald Stavn (employee representative) A high resolution picture of Mr. Thorleif Enger is available at: http://www.telenor.no/pressesenter/_gfx/trykk_tenger.jpg Telenor Group is one of the world's major mobile operators. We keep our customers connected in our markets across Scandinavia and Asia. Our more than 30,000 employees are committed to responsible business conduct and being our customers' favourite partner in digital life.
    [Show full text]
  • The Supervisory Board of Gjensidige Forsikring ASA
    The Supervisory Board of Gjensidige Forsikring ASA Name Office Born Address Occupation/position Education/background Organisational experience Bjørn Iversen Member 1948 Reinsvoll Farmer Agricultural economics, Agricultural Head of Oppland county branch of the Norwegian University of Norway in 1972. Landbrukets Farmers' Union 1986-1989, head of the Norwegian sentralforbund 1972-1974, Norges Kjøtt- og Farmers' Union 1991-1997, chair of the supervisory Fleskesentral 1974-1981, state secretary in board of Hed-Opp 1985-89, chair/member of the board the Ministry of Agriculture 1989-1990 of several companies. Chair of the Supervisory Board and Chair of the Nomination Committee of Gjensidige Forsikring ASA. Hilde Myrberg Member 1957 Oslo Senior Vice President MBA Insead, law degree. Chair of the board of Orkla Asia Holding AS, deputy Corporate Governance, chair of the board of Petoro AS, member of the board of Orkla ASA Renewable Energy Corporation ASA, deputy board member of Stålhammar Pro Logo AS, deputy chair of the board of Chr. Salvesen & Chr Thams's Communications Aktieselskap, member of the boards of Industriinvesteringer AS and CGGVeritas SA. Randi Dille Member 1962 Namsos Self-employed, and Economies subjects. Case officer/executive Chair of the boards of Namsskogan Familiepark, Nesset general manager of officer in the agricultural department of the fiskemottak and Namdal Skogselskap, member of the Namdal Bomveiselskap, County Governor of Nord-Trøndelag, boards of several other companies. Sits on Nord- Namsos national recruitment project manager for Trøndelag County Council and the municipal Industribyggeselskap and the Norwegian Fur Breeders' Association, council/municipal executive board of Namsos Nordisk Reinskinn own company NTN AS from 1999.
    [Show full text]
  • 0 STATOIL Den Norske Stats Oljeselskap A.S - Statoil - Was Founded in 1972
    DEN NORSKE STATS O L J ESE [S K A P A.S ANNUAL REPORT AND ACCOUNTS NINETEEN HUNDRED AND NINETY-FIVE 0 STATOIL Den norske stats oljeselskap a.s - Statoil - was founded in 1972. All its shares are owned by the Norwegian state. The company’s object is, either by itself or through participation in or together with other companies, to car,y out exploration, production, trans portation, refining and marketing of petroleum and petroleum-derived products, as well as other business. Net operating revenue for the group in 1995 totalled NOK 87 billion. At 3’l December, it had some 14 000 employees. Statoil is the leading player on the Norwegian continental shelfand the biggest petrol retail er in Scandinavia. It also ranks as one of the world’s largest net sellers ofcrude oil and is a substantial supplier II of natural gas to continental Europe. The group has pur sued a gradual expansion outside Scandinavia in recent years. Statoil is responsible for managing the govern I ment’s directfinancial interest in partnerships engaged in exploration for as well as development, production and fransport ofpefroleum on the Norwegian continental shelf ‘p. Statoil operates in the following countries: Norway • Sweden • Denmark • Germany • Poland • Estonia Latvia • Lithuania • UK • Ireland • Belgium • Russia • Thailand Vietnam • Malaysia • Singapore • Azerbaijan • Kazakhstan Angola • Namibia • Nigeria • USA • Venezuela • China ______L 1995 Statoil made the biggest oil discovery off Denmark for 18 years as operator on the Sin structure, which is estimated to hold 145 million barrels of commercially-recoverable oil. Statoil took over as production operator on the Heidrun field, which has a daily output of 220 000 barrels of oil.
    [Show full text]
  • Download Bios of Tone H Bachke and Jørgen C. Arentz Rostrup
    Tone H. Bachke Tone H. Bachke, born 1972, has more than 20 years of business experience in an international context. In Telenor, she has held the position as SVP and Head of Group Treasury upon joining the company in September 2018. She has a broad range of management positions in several companies and across industries, including CEO of Implenia Norge AS, CFO of Kistefos AS, as well as various management positions in Aker Solutions, including SVP and CFO of Aker Process Systems. She also serves on the Board of Directors for Veidekke ASA. Education: Bachke holds a degree in economics and business administration from Norwegian School of Economics (NHH). Jørgen C. Arentz Rostrup Jørgen Rostrup, born 1966, has more than 20 years’ business experience in an international context. For the past years as CFO for Telenor Group, Jørgen has been instrumental in setting a solid course for the company of growth and modernisation. Through Telenor’s operational excellence measures, a sharper focus on what creates value, and a dedication to uncovering efficiencies over time, the company is today one of the best-positioned global telcos. Prior to joining Telenor Group in 2016 as CFO, he served as President of Yara North America, Inc. Rostrup has held a broad range of management positions in two of Norway’s leading companies, including Country Manager for Yara Ghana Ltd., CFO in Norsk Hydro AS, Executive Vice President Energy in Hydro and CFO for Hydro’s Norwegian oil and gas activity. Rostrup has also served on several boards, including positions within the private equity and investment banking area.
    [Show full text]
  • Ormen Lange and Nyhamna Expansion the Ormen Lange Story
    ORMEN LANGE AND NYHAMNA EXPANSION THE ORMEN LANGE STORY 2001 PHASE 1 – DEVELOPMENT OF ORMEN LANGE AND NYHAMNA 2002 Nyhamna is selected as the land facility for the Ormen Lange gas. 2003 Start up of development offshore and onshore 2004 - the bigges ever industry project in Norwegian history. 2005 West Navigator starts drilling the world’s largest gas wells. 2006 Shell takes over as operator of Ormen Lange. First gas. 2007 PHASE 2 – ORMEN LANGE IN OPERATION 2008 First full year of operation. More wells are drilled. Tuning of the facility optimises production. First hot tap and x-mas tree installation from vessel instead of rig. 2009 2010 A fourth well template is installed north 2011 on the field. Start-up of subsea compression test pilot. 2012 PHASE 3 – FURTHER DEVELOPMENT AND EXPANSION OF NYHAMNA 2013 Start of the Nyhamna expansion project. Further development of Ormen Lange includes drilling of more wells, exploration of near field opportunities and seismic 2014 surveys. Photo: Lars Øvrum IMPORTANT FOR EUROPE. Ormen Lange exports natural gas to Europe, and has covered about 20 per cent of the UK’s total gas consumption since 2009. 20% Stable and reliable gas supply from Norway is important for ORMEN LANGE SUPPLIES EU countries that want improved utilisation of nearby resources THE UK WITH UP TO 20 PER - thereby reducing their dependency on gas import from outside CENT OF THE COUNTRY’S Europe. GAS NEEDS When the expansion project at Nyhamna is completed, the facility will be able to deliver gas equivalent to the consumption of 22 million homes in the UK and continental Europe.
    [Show full text]
  • Hydro's Approach to Sustainability
    Copyrighted material. Reproduction or distribution without written permission of the presenter is prohibited. HYDRO’S APPROACH TO SUSTAINABILITY Hans Erik Vatne CTO, Norsk Hydro 1 About the Presenter • Hans Erik Vatne, PhD – Senior Vice President and Chief Technology Officer – Head of Corporate Technology Office, Norsk Hydro – BoD, NTNU Faculty of Natural Sciences – BoD, Research Council of Norway Portfolio Board • [email protected] • Twitter: @HansErikVatne 2 Contents • Introduction: • Hydro’s approach to sustainability – Hydro in brief – Bauxite and alumina – Global sentiment – Primary aluminium – Hydro’s sustainability targets – Casthouse area and recycling – Product development 3 4 Building industries that matter A leading industrial company with basis in renewable energy and aluminium • Global provider of aluminium raw materials, products and solutions and of renewable energy • First-class operations within renewable energy, raw materials, primary aluminium metal, rolled products, extruded solutions and recycling • 34,000 employees at 140 locations in 40 countries • Market cap ~USD 9 billion (as per January ‘21) • Annual revenues ~USD 15 billion (2020) • Included in Dow Jones Sustainability Indices, Global Compact 100, FTSE4Good 4 Introduction Strong increase in sustainability, environment and climate awareness Action and improvement needed on waste, recycling and emissions (CO2) to defend aluminium’s position 5 Sustainability challenges and opportunities in the aluminium value chain 6 Hydro’s 2030 sustainability targets
    [Show full text]
  • Norwegian Experience As a Promising Measure for the Russian Energy System Development
    International Journal of Energy Economics and Policy ISSN: 2146-4553 available at http: www.econjournals.com International Journal of Energy Economics and Policy, 2017, 7(3), 31-35. Norwegian Experience as a Promising Measure for the Russian Energy System Development Elena S. Balashova1, Elizaveta A. Gromova2* 1Peter the Great St. Petersburg Polytechnic University, Saint-Petersburg, Russia, 2Peter the Great St. Petersburg Polytechnic University, Saint-Petersburg, Russia. *Email: [email protected] ABSTRACT At the moment, Arctic is in the interest of many countries, and not only near the Arctic. A high degree of the region promising in the context of undiscovered oil and gas resources is the explanation for it. Russia possessing the most significant share of these reserves has a fairly low rate of investigation of the Arctic shelf. Arctic hydrocarbon resources occupy the important strategic place in the development of the fuel-energy complex of Russia, ensuring its energy security. Hence, the goal of this research is to identify effective model of the offshore fields development in the Arctic zone of the Russian Federation. The Norwegian model of formation of consortia for the development of the offshore fields is analyzed and it is examined in the context of the Russian Arctic. The effectiveness of the introduction of this model in Russia is proved. Keywords: Consortium, Energy System, Arctic Shelf, Arctic Zone of the Russian Federation JEL Classifications: Q43, Q48, R11 1. INTRODUCTION Ormen Lange (Norway) have already been identified. In addition, the prospects of the oil and gas potential of other less studied In recent years, the issues of exploration and exploitation areas of the Arctic shelf were confirmed.
    [Show full text]
  • SUBC Q2 2021 Presentation
    Second Quarter 2021 Earnings Presentation 28 July 2021 1 © Subsea 7 - 2021 subsea7.com Forward looking statements • This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements for the year ended 31 December 2020. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies,
    [Show full text]