The Prometheus League
Breaking News and Updates
- Abolition Of Work
- Ai
- Alt-right
- Alternative Medicine
- Antifa
- Artificial General Intelligence
- Artificial Intelligence
- Artificial Super Intelligence
- Ascension
- Astronomy
- Atheism
- Atheist
- Atlas Shrugged
- Automation
- Ayn Rand
- Bahamas
- Bankruptcy
- Basic Income Guarantee
- Big Tech
- Bitcoin
- Black Lives Matter
- Blackjack
- Boca Chica Texas
- Brexit
- Caribbean
- Casino
- Casino Affiliate
- Cbd Oil
- Censorship
- Cf
- Chess Engines
- Childfree
- Cloning
- Cloud Computing
- Conscious Evolution
- Corona Virus
- Cosmic Heaven
- Covid-19
- Cryonics
- Cryptocurrency
- Cyberpunk
- Darwinism
- Democrat
- Designer Babies
- DNA
- Donald Trump
- Eczema
- Elon Musk
- Entheogens
- Ethical Egoism
- Eugenic Concepts
- Eugenics
- Euthanasia
- Evolution
- Extropian
- Extropianism
- Extropy
- Fake News
- Federalism
- Federalist
- Fifth Amendment
- Fifth Amendment
- Financial Independence
- First Amendment
- Fiscal Freedom
- Food Supplements
- Fourth Amendment
- Fourth Amendment
- Free Speech
- Freedom
- Freedom of Speech
- Futurism
- Futurist
- Gambling
- Gene Medicine
- Genetic Engineering
- Genome
- Germ Warfare
- Golden Rule
- Government Oppression
- Hedonism
- High Seas
- History
- Hubble Telescope
- Human Genetic Engineering
- Human Genetics
- Human Immortality
- Human Longevity
- Illuminati
- Immortality
- Immortality Medicine
- Intentional Communities
- Jacinda Ardern
- Jitsi
- Jordan Peterson
- Las Vegas
- Liberal
- Libertarian
- Libertarianism
- Liberty
- Life Extension
- Macau
- Marie Byrd Land
- Mars
- Mars Colonization
- Mars Colony
- Memetics
- Micronations
- Mind Uploading
- Minerva Reefs
- Modern Satanism
- Moon Colonization
- Nanotech
- National Vanguard
- NATO
- Neo-eugenics
- Neurohacking
- Neurotechnology
- New Utopia
- New Zealand
- Nihilism
- Nootropics
- NSA
- Oceania
- Offshore
- Olympics
- Online Casino
- Online Gambling
- Pantheism
- Personal Empowerment
- Poker
- Political Correctness
- Politically Incorrect
- Polygamy
- Populism
- Post Human
- Post Humanism
- Posthuman
- Posthumanism
- Private Islands
- Progress
- Proud Boys
- Psoriasis
- Psychedelics
- Putin
- Quantum Computing
- Quantum Physics
- Rationalism
- Republican
- Resource Based Economy
- Robotics
- Rockall
- Ron Paul
- Roulette
- Russia
- Sealand
- Seasteading
- Second Amendment
- Second Amendment
- Seychelles
- Singularitarianism
- Singularity
- Socio-economic Collapse
- Space Exploration
- Space Station
- Space Travel
- Spacex
- Sports Betting
- Sportsbook
- Superintelligence
- Survivalism
- Talmud
- Technology
- Teilhard De Charden
- Terraforming Mars
- The Singularity
- Tms
- Tor Browser
- Trance
- Transhuman
- Transhuman News
- Transhumanism
- Transhumanist
- Transtopian
- Transtopianism
- Ukraine
- Uncategorized
- Vaping
- Victimless Crimes
- Virtual Reality
- Wage Slavery
- War On Drugs
- Waveland
- Ww3
- Yahoo
- Zeitgeist Movement
-
Prometheism
-
Forbidden Fruit
-
The Evolutionary Perspective
Monthly Archives: May 2020
Indian seafarers fear job loss as government dithers on crew change in foreign waters – BusinessLine
Posted: May 6, 2020 at 7:07 am
India risks incurring the wrath of the global shipping industry and losing out to rivals such as China, the Philippines and Ukraine on seafaring jobs as the government dithers on a strategy to evacuate thousands of crew stranded on board ships at overseas ports, some of them several days after their contracts have ended.
Some 30,000 Indian seafarers, 70 per cent of whom work on cruise liners, are stranded overseas, awaiting repatriation to India.
As the pandemic spread rapidly, cruise line operators halted services and these luxury ships are either idling at ports or are on the high seas.
The cruise ships are not doing any business currently and thousands of crew members from different countries, were staying on board the liners.
A few days ago, most of the Filipino, Indonesian and Ukrainian seafarers were repatriated to their countries on chartered flights arranged by the cruise line owners, after the respective governments allowed them to return.
That leaves only the Indian crew on board, in the absence of a plan to facilitate their return and the ban on international flights from March 24.
The expenses of the remaining Indian crew is being borne by the owners of the cruise lines.
A poor impression
Now, that creates an impression, said Abdulgani Serang, general secretary-cum-treasurer of the National Union of Seafarers of India (NUSI).
When the cruise line owners are bleeding, they are definitely going to remember this when the situation turns around that India did not co-operate. They are spending lots of money on maintaining Indians on board their ships. Many of the seafarers are put up in hotels, somebody is paying for all that, Serang said.
They will give preference to Filipinos who, as it is, outnumber Indians as general-purpose staff. The shipping industry will give added preference to them because of the ease of doing business with a Filipino, the proof is there, he stated.
The Shipping Minister, Mansukh Mandaviya, held a video conference with seafarers unions and shipping companies a few days ago to discuss a way out, as demand grows for framing a so-called standard operating procedure (SOP) for seafarers stranded abroad, similar to the one finalised for crew change at Indian ports on April 21.
After some teething troubles, the otherwise well-defined SOP is taking effect in Indian ports. We now have to focus on the larger challenge of sign-on/sign-off in foreign ports. Seafarers and their families are running out of patience and its straining their mental health, said Captain Rajesh Unni, CEO and Founder of Singapore-based ship manager, Synergy Group.
Why cant the government make a SOP for seafarers sailing in foreign waters. Is it too difficult to start flights with better caution than start a railway service for migrant workers with no caution, says Mohammed Arif, a second engineer on a ship, hailing from Raipur.
As China and the Philippines implement a green channel for crew change, Indian seafarers say they should be prepared to sacrifice jobs.
By the time international flights operate from India, most Indian seafarers will be replaced by other nationalities, said Dhyan Ramakrishnan, a third mate working on board a ship.
Do we really want Indian seafarers to lose their market, our well-earned reputation from ages? Now is the only time to take action, Captain Mahadev Dhandhiya, a master mariner, urged the government.
Indian seafarers working on board cargo ships sailing in international waters are also facing a testing time.
The cargo ships are running; they are doing business, but the seafarers working on those ships have been asked to extend their contracts by 1-3 months, says Serang.
Having an extended contract will affect their physical and mental state of mind. Suppose an accident takes place because of the fatigue. The seafarer has been working on that ship for 11-12 months, saturation point will come, and in that mind frame, suppose anything happens, says Serang, making a strong case for bringing seafarers back to India.
All seafarers (stranded abroad) are struggling to join ships or go home, says the International Maritime Federation (IMF). They are waiting for the hub airport travel system, said the Federation, an association of Indian shipping entrepreneurs, crew managers and maritime training institutions.
The IMF is hoping that the Shipping Ministry will resolve the impasse as negative sentiments are high for the treatment given to Indian seafarers.
Serang said cruise line owners are willing to send them back, by chartering flights with their own money. But, if the Indian government is not going to take them in, if the government does not lift the ban on international travel, that is the problem, he said.
Cruise ship owners/ operators have already put in writing that they are willing to bear the cost of chartered flights. It will require some 10-15 flights because thousands have to come in. They will ensure that once the seafarers come in, the quarantine and other things will be taken care of. All these things they have put in writing, but permission is not being granted. That is not happening; that is the problem, Serang added.
Link:
Indian seafarers fear job loss as government dithers on crew change in foreign waters - BusinessLine
Posted in High Seas
Comments Off on Indian seafarers fear job loss as government dithers on crew change in foreign waters – BusinessLine
6 Takeaways from the Largest-Ever Study of Atheists in America – Friendly Atheist – Patheos
Posted: at 7:06 am
Whenever major polling groups survey Americans about religion, atheists are usually lumped in with agnostics and people who believe in something even if they arent part of any organized religion the Nones. Its hard to know what atheists in America believe simply becauseits hard to find a representative sample and a polling group willing to look at us specifically.
Its also cost-prohibitive. It may be useful to know how different religious groups voted, for example, but not necessarily how atheists differed from agnostics since we mostly vote the same way.
The downside of that is that theres a lot about Secular Americans that we just dont know. How many of us are accepted by our families? How many of us are open about our atheism? How many of us say we face discrimination?
American Atheists has taken a big leap in fixing that with the release of Reality Check: Being Nonreligious in America.
They used information obtained through the (online) U.S. Secular Survey to find out what roughly 34,000 non-religious participants thought about a variety of topics. 34,000. They say its the largest ever data collection project on secular Americans and their experiences.
To be clear, this isnt a survey about all atheists in America. Youd need a lot of money to pull that off. This is a self-selected group of people, the kind who are willing to take this sort of survey online. But it was heavily promoted, in a variety of ways, to gather as many participants as possible, and theres still a lot of useful information we can glean from that.
So what did we learn? Here are just 6 takeaways:
More than three quarters of survey participants reported to identify as nonreligious (79.6%), atheists (79.4%), and secular (75.1%) very much. A little over three fifths of survey participants very much identified as freethinkers (64.9%), and a similar number as humanists (64.6%), while slightly fewer very much identified as skeptics (61.4%). The vast majority of participants (94.8%) identified as atheists to at least some extent. Survey participants did not identify as agnostics (35.1%) as strongly as they did with the other identities.
I suspect most of us use a variety of these labels depending on who were talking to. Everything but agnostic would apply to me personally.
While almost one-third (31.4%) of survey participants mostly or always concealed their nonreligious identity from members of their immediate family, the rate of concealment was much higher for extended family members (42.7%). Nearly half of participants mostly or always concealed their nonreligious identity among people at work (44.3%) and people at school (42.8%).
Im surprised by how many more people hide their atheism at work than from their families. I would have thought its safer to tell your work colleagues youre not religious than your religious parents, but outing yourself at work may pose greater threats to your livelihood.
As expected, the vast majority of participants were raised in the Christian religion, either in Protestant Christian (54.7%) or Catholic (29.9%) households. One in seven participants (14.3%) were raised in nonreligious households.
More than 40% of participants said their homes were somewhat firm or very firm about religious expectations. In other words, they took religion seriously in their families and yet it didnt keep them in the fold. Its also going to be fascinating to see what happens when we have more kids raised in non-religious homes. While only 14.3% of participants grew up with non-religious parents, I suspect that number will skyrocket over the next generation.
The most common areas where participants reported having negative experiences due to their nonreligious identity were using social media or commenting online (58.3%) and with their families (54.5%).
Participants were also asked if they had been threatened, experienced property damage, or been hit, punched, kicked, or assaulted in the past 3 years because of their secular identities. While the vast majority (86.7%) of survey participants did not experience any of these events, 12.2% of survey participants reported being personally threatened, 2.5% had their personal property damaged, and 0.9% have been hit, punched, kicked, or physically assaulted because of their nonreligious identity.
Not surprisingly, stigmatization was highest in what wed consider very religious states Utah, Mississippi, the Bible Belt, etc.
Most participants want secular schools, access to birth control, and no special treatment for religious groups. But fighting a Ten Commandments monument on public property? Not a major priority.
In order to understand the policy priorities of nonreligious people, we asked survey participants how important a number of policy issues were to them personally. Issues were selected from among those discussed as important to nonreligious people during focus groups. While survey participants expressed strong interest in all these policy issues, overwhelming concern was expressed for maintaining secular public schools (91.6%) and about the denial of health care based on religious beliefs (88.0%).
This doesnt surprise me. There are a lot of groups that will fight for abortion rights and keeping schools secular. Those are not atheist issues, per se. The sort of things atheist groups tend to fight are, by definition, going to be niche causes, even if they have legal importance.
Nearly all participants who answered the question reported that they were registered to vote (94.7%), 87.0% voted in 2016, and nearly as many (86.5%) reported that they always or nearly always vote.
Although not directly comparable, these rates are much higher than the voting rate in 2016 (55.7%) for members of the general voting age population (FEC, 2017).
At some point, Democrats need to recognize were a valuable voting bloc and stop avoiding us. Its to their advantage to engage with us and support our (fairly mild, totally sensible) policy issues.
In a statement, Nick Fish, president of American Atheists, said, Now that we know the power of organized secularism, its up to secular organizations to advocate for change and provide as many nonreligious Americans as possible with the support and community they need. Thats a fair point. This survey isnt about what certain groups ought to be doing. Its about who they all represent. If just about everyone is dealing with anti-atheist discrimination, for example, then calling it out and working to change it would be a valuable endeavor for any secular group.
Theres so much to sift through in this 60-page report, so check it out for yourself. Weve never seen anything like this.
View original post here:
6 Takeaways from the Largest-Ever Study of Atheists in America - Friendly Atheist - Patheos
Posted in Atheism
Comments Off on 6 Takeaways from the Largest-Ever Study of Atheists in America – Friendly Atheist – Patheos
Using Digital Twins to Boost Production, Cut Costs at Floating Offshore Wind Farms – Greentech Media News
Posted: at 7:04 am
Withassets installed far from shore in harsh conditions, offshore wind turbine manufacturers and project operators areturning to new digital tools to optimize performance, boost power productionand minimize downtime. One such tool is the use of digital copies, or twins, of physical turbines to assist with real-time monitoring of offshore wind projects.
The California Energy Commissions Electric Program Investment Charge (EPIC), a ratepayer-funded energy innovation research and development program, recently awarded a $2 million grant toNorwegian engineering company Aker Solutions and Cognite, an Oslo-based industrial software company, to develop a digital twin model of the physical floating offshore wind turbines that could be deployed along Californias coastline by the mid-2020s.
Aker Solutions hasworked on digital twinsfor many industries power, utilities, shipping, oil and gas, and manufacturing but the new research project is its first for floating offshore wind turbines, Hans Petter vrevik, head of offshore wind projects and business development for the U.S., said in an interview.
The $2 million grant was awarded under an EPIC program intended to advance next-generation wind energy technologies and accelerate the maturation of the Golden States promising but embryonicoffshore wind market.
Aker Solutions and Cognites NextWind Real Time Condition Monitoring platform will take representational data from typical equipment that would be used in a floating offshore wind farm to develop a blueprint for a real-world project. The aim is to generate data and insights that enableimprovements in power production, operations and maintenance (O&M) costs, and environmental performance throughout the operational life of a project.
The real-world project cited as a potential case study by vrevik is the 100- to 150-megawatt floating offshore wind farm proposed by the Redwood Coast Energy Authority and a consortium of private companies, including Aker Solutions, for waters located more than 20 miles off the coast of the city of Eureka in Northern California.
Shashi Barla, principal analyst for the global wind supply chain and technology at Wood Mackenzie Power & Renewables, noted that one of the consortium partnersfor the Redwood Coast Offshore Wind project is EDP Renewables one of the world's largest wind asset owners/developers. That "implies some serious interest in the technology," Barla said.
GE Renewable Energy claims to have developed the first digital wind farm in 2015 and is adding digital twin functionality to the companys Predix software platform. GE is building an app using digital twin technology that will allow engineers to make better decisions about when to run its offshore turbines at full power out at sea.
Prior to construction, digital twins allowplanners to do modeling to analyze and predict O&M costs for a project. But, according to vrevik, the real value outtake of this, in terms of reduced O&M costs, will come when you actually put your projects in the water, and you basically start to collect the data and process it.
At that point, operators will be able to use the digital twin to compare the idealized, engineered condition of the equipment to the actual condition of the real-world project. Real-time monitoring through sensors embedded in the equipment should help wind farm owners avoid costlyunplanned maintenance or repairs.
"You can constantly adjust and optimize how you operate and how you maintain the asset,"vrevik told GTM.
Work on the EPIC-backed digital twin research project is expected to begin in May or June this year, with completion set for early 2023.
vrevik saidAker Solutions and its partners see the Redwood Coast Offshore Wind Project as an ideal first offshore wind project for California, both in terms of size and the fact that it's in an area where there [are few]conflicts and there's a strong wish to see it happen from the local community.
The federal Bureau of Ocean Energy Management may hold an auction for offshore wind lease areas in California by the end of 2020.
While not a new concept, digital twins are playing a growing role in the wind industry,WoodMac's Barla said.
Leading turbine [manufacturers]already have digital twins of their installed fleet that will help optimize the turbine performance and lower the O&M costs over the life of the asset, predominantly on the predictive maintenance of the components, he wrote in an email.
The digital models help in determining the impact on the physical turbines. The virtual sensors enable monitoring of the health of the turbines like temperature check, vibrationsand any aberration in parameters compared to normal performance."
View post:
Posted in Offshore
Comments Off on Using Digital Twins to Boost Production, Cut Costs at Floating Offshore Wind Farms – Greentech Media News
Liquid inspection method brings safety benefits offshore – Offshore Oil and Gas Magazine
Posted: at 7:04 am
The company received the recognition for its patented Liquid In-Tank Inspection.
(Courtesy Rocsole)
Offshore staff
KUOPIO, Finland Rocsole claims to be the first Finnish company awarded OTCs Spotlight on New Technology Award.
The company received the recognition for its patented Liquid In-Tank Inspection (LITI) development.
Previously, the offshore market had not applied tomographic imaging to any great extent for scanning vessels for water, oil, emulsion, or gas layers.
Rocsole says with the LTI, it is possible to provide full profiles of vessels with no radiation, which brings advantages in terms of safety and the environment.
The system is also said to deliver reliable data on tanks and separators even in harsh or challenging conditions, assisting production optimization.
The LITI Tank Profiler works just as well as any nucleonic devices, but without the typical cost and risks associated with the use of nucleonic devices, said Rocsoles Arto Voutilainen.
In addition, we provide continuous real-time data meaning that we can provide AI-powered predictive analytics for these sub-processes with our capabilities.
Main features of the technology are said to include:
The services are typically offered as a SaaS (Software-as-a-Service) model.
05/05/2020
Link:
Liquid inspection method brings safety benefits offshore - Offshore Oil and Gas Magazine
Posted in Offshore
Comments Off on Liquid inspection method brings safety benefits offshore – Offshore Oil and Gas Magazine
Asset life extension: viable in the long term for oil and gas? – Offshore Technology
Posted: at 7:04 am
]]> An oil drilling rig in the North Sea. Credit: Erik Christensen.
While much of the oil and gas industry begins to focus its efforts on decommissioning, and transitioning to a world where oil production, if not oil usage, will form a smaller part of the global energy mix, there are a few companies continuing to invest in and extend the lives of their projects.
Equinors Statfjord field is perhaps the most obvious example, with the company recently announcing that the Statfjord A platform will continue to produce oil into 2027, close to its 50thyear of active operation. The field is estimated to have generated $180bn in income over its lengthy lifespan, and with the drilling of 100 new wells planned, the operators seem to be confident that despite the general trend of the industry, profit and productivity remain in the field.
But its not just majors who are engaging in asset life extension, with this optimistic approach trickling down to smaller players in the North Sea. One such company is Rockrose Energy, a UK-based independent that announced earlier this year that production at its Ross and Blake fields in the North Sea will be extended by five years, pushing the fields expected lifespans into 2029.
With the operators expanding the fields potential production by more than two million barrels of oil equivalent, the project is an identical case study in optimism and a focus on the bottom line to Equinors expansion, but on a more local scale. Yet it remains to be seen if Rockroses project will prove financially viable in the long-term, and how the expansion work will fit into an industry that, despite a few examples, seems committed to decommissioning.
Decommissioning is becoming an increasingly vital aspect of the North Sea oil and gas industry. Oil and Gas UK reported at the end of 2019 that the UK offshore sector is expected to spend over $19bn on decommissioning over the next decade, with well decommissioning in particular accounting for 45% of the forecast expenditure for oil and gas companies over the next ten years.
Yet Rockrose is undeterred, with managing director Peter Mann noting that it is part of the companys strategy to extend field life and push back decommissioning. Plans at Ross and Blake are in line with that.
The firm plans to invest $250m into the two fields, in which it owns a 30.8% stake, to fund new drilling work that will see two additional infill wells constructed
This optimistic investment follows a productive few years for the companythat has encouraged Rockrose to take a more proactive, expansionist approach to its assets, at a time where much of the industry is looking towards decommissioning. Rockrose has seen productivity increase at its operations in recent years, posting an increase in annual production across all of its operations across the North Sea of 117% in 2019 compared to 2018 figures.Furthermore,with over 100 million barrels of oil equivalent beneath its platforms in the UK Continental Shelf (UKCS) alone, the firm is optimistic that its projects will continue to be productive and profitable.
Mann was also eager to point out Rockroses recent commitment to proactive asset acquisition and ensuring high standards of occupational health and safety, both of which could help stabilise the company and its assets in an industry whose future is increasingly uncertain, creating a coherent identity for the firm to unite its operations across its assets.
Rockrose has established HSE policies in place, which ensure the safety and wellbeing of its employees and contractors, he said. This was reflected at Brae, where in 2019 the total number of HSE incidents fell by 39% to 17, with only seven of these taking place post-completion of the acquisition of the Marathon UK deal, which included the Brae assets.
As a result, Rockrose has aimed to position itself as an active and dynamic actor in a sector often considered backward-looking and resistant to change; last July, for instance, the company completed the $95m acquisition of Marathon Oil, a deal which saw assets worth 28 million barrels of oil equivalent come under the operation of Rockrose, significantly expanding the companys influence in the North Sea.
Rockroses approach appears to have yielded financial dividends, at least in the short term, with dramatic improvements in raw production figures and profits over the last year. The company saw a 311% increase in gas production from 2018 to 2019, alongside a 55% increase in oil production over the same period, and a total increase in revenues of 64% across its oil and gas operations.
In the companys annual report, executive chairman Andrew Austin echoed this sentiment, predicting a 9% increase in production between 2019 and 2020 that would see the firms total output reach around 21,000 barrels of oil equivalent per day
Yet while these figures are undoubtedly impressive, they are undermined by the companys vast capital expenditure, which has been enough to keep the company producing in the short term, yet it is unclear as to the sustainability of this level of investment; between 2018 and 2019, capital expenditure increased by a dramatic 624% to $76.9m. Perhaps most concerning, however, is the 292% increase in abandonment expenditure, with RockRose spending over $9m on abandonment work in 2019, despite its broad aims to delay decommissioning work where possible.
In 2017, Rockrose commissioned oil and gas evaluation firm ERC Equipoise to assess the companys long-term financial viability, and the companys conclusions could be a concern for Rockrose. ERC Equipoise predicted that cost inflation would increase from 1.02% in 2018 to 1.4% in 2034, which could drive up operational expenses for a company that has already invested a significant sum across its operations.
Yet according to Mann, this ever-increasing spend is simply part of a changing oil and gas landscape in the UK.
The UK North Sea continues to represent a significant opportunity, said Mann. There is a changing of the guard in the UKCS, with some of the larger international companies refocusing elsewhere, which leaves opportunities for smaller, flexible and ambitious companies with strong balance sheets, like Rockrose, to take on the assets and maximise their economic recovery and potential.
Should the oil and gas landscape shift away from major companies with decades-old projects, towards these smaller, more agile firms with fewer assets, Rockroses vision of smaller projects with significant financial margins could be realised. Despite investment of $248m into the Ross and Blake fields as part of the latest round of expansion alone, the firm still posted an end-of-year balance of $203m at the end of 2019, compared to $38m at the end of 2018.
Financial risks certainly remain for those eager to pursue asset expansion at this point in time, but Rockrose is proving that there could be a way forward for independent companies willing to take these kindsof financial risks.
Read the original post:
Asset life extension: viable in the long term for oil and gas? - Offshore Technology
Posted in Offshore
Comments Off on Asset life extension: viable in the long term for oil and gas? – Offshore Technology
The cold thaw: inside Russia’s $300bn Arctic oil and gas investment – Offshore Technology
Posted: at 7:04 am
]]> Russia has long sought to fully develop its Northern Sea Route as a viable alternative to the Suez Canal," said Doug Matthews. Credit: Bureau of Safety and Environmental Enforcement
In January, with the Covid-19 outbreak still in its infancy and oil prices relatively stable, Russian President Vladimir Putin bullishly announced $300bn of incentives for new oil and gas projects north of the Arctic Circle.
Comprising direct government investments in infrastructure including the construction of 800km of new pipelines a ramping-up of activity by its oil and gas monopolies, and significant tax breaks for exploration, production and shipment, the plan aims to increase still further Russias influence in the region, thought to be home to as much as $35tn worth of untapped oil and gas reserves.
On 5 March, Moscow published On the Basics of State Policy of the Russian Federation in the Arctic for the Period Until 2035, its 15-year Arctic masterplan. In addition to incentivising industrial development in the Russian Arctic and aggressively developing the countrys Arctic energy resources, it proposes to boost the regions population and greatly expand the use of the Northern Sea Route.
Just three weeks later, much of the developed world is in lockdown as a result of the Covid-19 pandemic, and at the time of writing oil prices have plummeted to their lowest mark in 18 years.
So what now for Russias hydrocarbon ambitions in the Arctic, including Rosnefts giant Vostok Oil project, the biggest in global oil, which is expected to produce up to 100 million tons of oil a year?
The short answer is that the current oil price may not be high enough to justify exploration costs.
Vostok Oil involves the construction of a seaport, 800 km of new pipelines, 15 new towns and a pair of airports. In October, the Kremlin announced a 1tn(approximately $40bn) tax cut, reportedly in response to demands by Rosnefts CEO for preferential rates to attract investors.
As we are witnessing with the current price collapse, countries with significant oil and gas reserves can act to move the market down.However, Russia will likely need higher prices to make large-scale Arctic exploration and production projects viable and those higher prices could in turn encourage key importers to return to North American shale resources, which are currently being abandoned.
In terms of global oil and gas prices, I dont view Russian Arctic reserves as a significant advantage, although security of supply may become a problem for countries that tie their demand needs closely to Russian production, comments Doug Matthews, a Canadian energy writer and analyst.
We have seen this issue in Europe with the concern over Russian natural gas through Ukraine, and we may see China become more dependent on Russian oil, pipeline natural gas and liquefied natural gas (LNG).
As Russia moves to become the major supplier in certain markets, it could hope to influence public policy in those countries through its control of supply. Dominance inenergy should also be read as dominance throughenergy, he adds.
Rather than look abroad to the likes of Japan, India, China, and to a much lesser extent Canada, for essential servicessuch as shipbuilding, Matthews believes Russias long-term ambitions in the Arctic Circle will include increased investment in domestic industrial capacity.
Russia will want to encourage the development of its own expertise, particularly in respect of ice-breaking capacity, he says. The leading edge Arctic expertise once enjoyed by Canada think of the Father Lemeurice-breaker is now just a memory. With the shutdown of the Canadian Beaufort Sea in the 1980s, much of the expertise simply went away, never to return.
Russias broader plan to more than double maritime traffic in the Northern Sea Route (NSR) has both economic and symbolic significance for the country as it pushes to reassert itself in the Arctic Circle.
The NSR runs along the entiety of Russias territorial waters, from the Bering Strait between Siberia and Alaska to the Barents Sea, near Norway, and is inaccessible much of the year due to thick ice.
However, with ice sheets melting, and with significant investment in infrastructure, Russia hopes it will rival the traditional Europe-Asia sea route transporting goods and resources via the Suez Canal, including services for the Yamal LNG superplant based in the Yamal Peninsula above the Arctic Circle.
Russia has long sought to fully develop its NSR as a viable alternative to the Suez Canal, confirms Matthews. The more the government can increase shipping through the NSR in this case by supporting and shipping its own oil and gas resources the more credible the route becomes to other potential shippers.
So, we have a symbiotic situation where Russias oil and gas companies can use the NSR to move their Arctic resources, which have been locked until now, while the NSR can show the world it is a credible route by increasing this domestically sourced traffic.
The question remains as to why Russia appears to be doubling down on fossil fuel exploration in the frozen north at a time when the likes of Canada and the US have their plans in the region on ice.
The easy answer would seem to be that Russia has less strict environmental regulations governing Arctic exploration compared with Norway, Canada and, until recently, the US, Matthews says.
On the other hand, if the world is indeed transitioning away from fossil fuels, countries with vast reserves and the need for foreign exchange could be incentivised to produce at a full pace now, in advance of the coming demand destruction.
The technical and environmental challenges of Arctic oil and gas exploration are well-documented. Previous attempts have ended ignominiously; in 2013, less than a year after a 30-mile-long ice floe forced Shell to shut down its Burger-A well after just 24 hours, the Anglo-Dutch multinational announced that,as a precautionary measure,it was suspending offshore drilling in Alaska.
Two years on it pulled out altogether, having spent an estimated $7bn on exploration in the region. According to Matthews, the environmental risks to both Russian and Canadian waters are very real.
Arctic exploration and the environment would appear to be a zero sum game, he states. The greater the Arctic exploration and development activity, the greater the odds for incidents. We need only look at Shell Oils less than stellar performance in the Chukchi Sea.
The problem is, to turn an old phrase, what happens in the Arctic doesnt stay in the Arctic. An oil spill in the American Beaufort, for example, could impact its Canadian neighbour, and any blow out in Russias Arctic will see oil, associated gas,and pollutants flow to other countries.
Excerpt from:
The cold thaw: inside Russia's $300bn Arctic oil and gas investment - Offshore Technology
Posted in Offshore
Comments Off on The cold thaw: inside Russia’s $300bn Arctic oil and gas investment – Offshore Technology
Drop in cases of suspected Covid-19 in offshore staff – The Scotsman
Posted: at 7:04 am
BusinessSuspected coronavirus cases across the UKs offshore oil and gas industry have fallen, according to new passenger movement figures.
Tuesday, 5th May 2020, 4:40 pm
Step Change in Safety and OGUK have compiled data tracking the numbers of workers travelling back from offshore, with four different categories of transport depending on their health status.
The latest dataset shows the number of workers displaying what could be Covid-19 symptoms has fallen to eight in the week starting 4 May from 19 in the week starting 3 March.
OGUK health, safety and environment director Trevor Stapleton said: This apparent reduction is a small move in the right direction, but we cant stress enough the need to remain alert, to continue to follow protocols and to raise any concerns in both on and offshore working environments.
OGUK continues to work on a cross industry basis through our Pandemic Steering Group, where our focus remains on increasing testing capacity for our key workers and improving our understanding of how Covid-19 is impacting our sector as we look towards ensuring our industry is able to recover from the significant challenges we are currently faced with.
A message from the Editor:
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.With the coronavirus lockdown having a major impact on many of our advertisers - and consequently the revenue we receive - we are more reliant than ever on you taking out a digital subscription.Subscribe to scotsman.com and enjoy unlimited access to Scottish news and information online and on our app. With a digital subscription, you can read more than five articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit http://www.scotsman.com/subscriptions now to sign up.
Our journalism costs money and we rely on advertising, print and digital revenues to help to support them. By supporting us, we are able to support you in providing trusted, fact-checked content for this website.
Go here to see the original:
Drop in cases of suspected Covid-19 in offshore staff - The Scotsman
Posted in Offshore
Comments Off on Drop in cases of suspected Covid-19 in offshore staff – The Scotsman
MENCK and LM Handling to support platform installation offshore Trinidad and Tobago – Oilfield Technology
Posted: at 7:04 am
Save to read list Published by Nicholas Woodroof, Assistant Editor Oilfield Technology, Tuesday, 05 May 2020 10:30
A joint proposal from MENCK and LM Handling, both Acteon Group companies, has recently been selected to support piling operations for a platform installation off the coast of Trinidad and Tobago.
The project will draw on equipment and services provided out of MENCKs US-based rental fleet. MENCKs MHU 550S and an MHU 800S hammers are joined by LM Handlings internal lifting tools and both Acteon companies are working closely together to deliver the seamlessly integrated service package. Eskild Foeh, MENCK Sales Manager, commented: This is another fantastic opportunity for both MENCK and LMH to showcase our joint capabilities and the first-class services we can deliver. MENCK maintains part of its fleet of rental hammers in the region to support projects and developments on a timely and cost-effective basis.
Ivan Harnett, Acteon Market Development Leader for the Caribbean region, said: This project continues MENCKs long-standing history of supporting offshore and marine development projects in Trinidad and the wider Caribbean region.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/05052020/menck-and-lm-handling-to-support-platform-installation-offshore-trinidad-and-tobago/
You might also like
Cuts in the industry's investment budgets will leave only US$60 billion worth of greenfield tenders for contractors to compete for, the lowest in two decades, according to Rystad Energy.
View post:
Posted in Offshore
Comments Off on MENCK and LM Handling to support platform installation offshore Trinidad and Tobago – Oilfield Technology
Kihnu worried about large offshore wind farm planned near island – ERR News
Posted: at 7:04 am
"We were frustrated by the activities of the TTJA how it has operated in disclosing the wind farm's environmental impact assessment program," Kihnu Municipal Mayor Ingvar Saare said on Vikerraadio morning program "Vikerhommik" on Tuesday. "We believe that the community in Kihnu and Hdemeeste, which are closest to the wind farm, have not been sufficiently included."
Saare explained that an environmental impact assessment must be drawn up in order to build the wind farm, which in turn requires the drawing up of an environmental impact assessment program which includes studies that must be conducted in the framework of the environmental impact assessment. If these studies are not listed, the developer will not conduct them.
The TTJA issued its program proposal on March 12, exactly when the emergency situation in Estonia began, and it lasted through March 31. On March 30, Kihnu Municipality proposed extending the proposal, but this proposal was not taken into consideration, Saare said.
For another thing, the municipal mayor continued, the TTJA did not fulfill the requirement to physically publicly distribute this information by posting it on a public info board, for example. The authority sent the local government a reference including a link to a notice, but the link didn't work, he added.
"If we're talking about a billion-euro project, it's been off to a very rough start," Saare said.
According to the municipal mayor, there has also been some confusion regarding the height of the planned wind turbines. While the turbine towers were initially to be 80-85 meters high, making for a combined height together with their blades of approximately 125 meters, there has since been talk of 300-meter-high wind turbines.
It is likewise yet unknown what effect the noise and vibrations generated by the wind turbines will have on fish populations in Prnu Bay. Fishing, however, is one of Kihnu's primary areas of activity.
Wind turbines generate visual pollution too, Saare noted, citing the Varbla turbines visible from the island despite being located 39 kilometers away. The planned new turbines, in comparison, are to be located just 10 kilometers from Kihnu.
This means that the owner of the wind farm should compensate for damages incurred to local life, he said. "We're not against [building the wind turbines]; rather, we want all of these aspects to be analyzed in the framework of the environmental impact assessment," he stressed.
Enefit Green is planning an offshore wind farm of up to 160 turbines and with a capacity of 1,000 megawatts near the island of Kihnu.
"If this wind farm is built, then we will be building a second Ida-Viru County, just this time into the heavens," Saare said.
-
Download the ERR News app for Android and iOS now and never miss an update!
See more here:
Kihnu worried about large offshore wind farm planned near island - ERR News
Posted in Offshore
Comments Off on Kihnu worried about large offshore wind farm planned near island – ERR News
Rodman 33 Offshore: Is this the ultimate fast fishing boat? – Motor Boat and Yachting
Posted: at 7:04 am
If you fancy something fast, fun and a bit leftfield then the Rodman 33 Offshore might just fit the bill...
It uses the same proven hull as Rodmans 33ft fast patrol boat but has been adapted for leisure use as the ultimate fast fishing boat.
As with all Rodman boats, the mouldings feel impressively robust with a hand-laid hull and vacuum-moulded locker lids for a nice smooth finish.
In true fishing boat style the cockpit had been left bare but fitted with flip-up benches to provide some seating when youre not hauling in 300lb Marlins.
There is a more leisure-focused cockpit in the bow with a big sunpad and mini dinette for use at anchor. That leaves only two proper forward-facing seats tucked behind the helm.
There is a small cuddy with a separate heads compartment deep in the hull but access is through a narrow opening in the side of the console down some very steep steps.
With its 50-knot top speed and long, wave-busting hull it should be a heap of fun to drive but choose your crew carefully if you want to enjoy its full potential.
LOA: 35ft 5in (10.7m)Beam: 9ft 8in (3.0m)Fuel capacity: 1,000 litres (220 gal)Engines: Twin 250-300hp outboardsTop speed: 50 knotsStarting price: 187,000 (ex. VAT)
Go here to read the rest:
Rodman 33 Offshore: Is this the ultimate fast fishing boat? - Motor Boat and Yachting
Posted in Offshore
Comments Off on Rodman 33 Offshore: Is this the ultimate fast fishing boat? – Motor Boat and Yachting







