ronwagn + 6,290 February 13, 2022 http://naturalgas.org/naturalgas/exploration/ http://naturalgas.org/wp-content/uploads/2013/09/offshore_seismic_exploration.gifhttp://naturalgas.org/wp-content/uploads/2013/09/seismology_in_practice.jpg Quote Share this post Link to post Share on other sites
Boat + 1,315 RG February 13, 2022 We’ll Ron there are some nasty problems with nat gas but this may help with some of that unnecessary pollution. These 23-year-old Texans made $4 million last year mining bitcoin off flare gas from oil drilling PUBLISHED SAT, FEB 12 202210:15 AM ESTUPDATED 36 MIN AGO MacKenzie Sigalos@KENZIESIGALOS WATCH LIVE KEY POINTS Brent Whitehead and Matt Lohstroh are mining bitcoin off flare gas from oil drilling. Their company, Giga, places a shipping container full of thousands of bitcoin miners on an oil well, diverts the natural gas into generators, which convert the gas into electricity that is then used to power the miners. The process reduces CO2-equivalent emissions by about 63% compared to continued flaring, according to research from Denver-based Crusoe Energy Systems. Whitehead tells CNBC they have signed deals with more than 20 oil and gas companies, four of which are publicly traded. Giga also says they’re also in talks with sovereign wealth funds, and they are expanding, fast. Giga’s 11-person team is adding another six employees this month. Lohstroh and Whitehead are part of a growing movement of people placing big bets on the potential for bitcoin mining to transform the economics of the energy industry. The woke are not against FF but look to make incremental continual improvements. Remember, it’s your lungs to. Congrats to these young entrepreneurs. 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 February 13, 2022 (edited) 2 hours ago, ronwagn said: Natural gas makes the most sense for Australia, it is still the most cost effective way to go in the long run. Customers won't take high prices. Chinese products are not in the best interest of Australia. Fine if Australia produces their own wind turbines, solar panels, chips, etc. Why should they pay for expensive natural gas when they can have low cost renewables? You are correct, customers won't take high prices. That is why they are going with renewables. Australia’s electricity markets are now experiencing a significant north-south divide, where state grids in the north more dependent on black coal and gas are suffering significantly higher wholesale prices than those in the south with great shares of renewables. The north-south divide has been identified by the Australian Energy Market Operator in its quarterly market reports, known as Quarterly Energy Dynamics, as well as some analysts. The latest QED, which covers the December quarter, notes an even sharper price difference between the northern states (Queensland and NSW), and the southern states of Victoria, South Australia and Tasmania. It notes that wholesale prices in the north are nearly double that of the south. https://reneweconomy.com.au/australias-north-south-divide-electricity-price-jumps-in-coal-dependent-states/ Edited February 13, 2022 by Jay McKinsey Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 13, 2022 14 hours ago, Jay McKinsey said: Why should they pay for expensive natural gas when they can have low cost renewables? You are correct, customers won't take high prices. That is why they are going with renewables. Australia’s electricity markets are now experiencing a significant north-south divide, where state grids in the north more dependent on black coal and gas are suffering significantly higher wholesale prices than those in the south with great shares of renewables. The north-south divide has been identified by the Australian Energy Market Operator in its quarterly market reports, known as Quarterly Energy Dynamics, as well as some analysts. The latest QED, which covers the December quarter, notes an even sharper price difference between the northern states (Queensland and NSW), and the southern states of Victoria, South Australia and Tasmania. It notes that wholesale prices in the north are nearly double that of the south. https://reneweconomy.com.au/australias-north-south-divide-electricity-price-jumps-in-coal-dependent-states/ Where does our energy come from? Most of Australia’s energy relies on traditional sources—non-renewable fossil fuels. Coal and gas account for about 79% of electricity generation. Non-renewable sources Most of our electricity is produced from burning black and brown coal at large power stations. Natural gas is the third highest energy source in Australia (after oil and coal). It’s used by power stations for electricity generation, factories for manufacturing, and homes for heating and cooking. It is a non-renewable source that emits around half the emissions of coal when used to generate electricity. Gas used to come from large remote reservoirs, such as the Moomba and Bass Strait gas fields. More recently, coal seam gas comes from Queensland, with untapped reserves in NSW and Victoria. Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 February 13, 2022 (edited) 1 hour ago, ronwagn said: Where does our energy come from? Most of Australia’s energy relies on traditional sources—non-renewable fossil fuels. Coal and gas account for about 79% of electricity generation. Non-renewable sources Most of our electricity is produced from burning black and brown coal at large power stations. Natural gas is the third highest energy source in Australia (after oil and coal). It’s used by power stations for electricity generation, factories for manufacturing, and homes for heating and cooking. It is a non-renewable source that emits around half the emissions of coal when used to generate electricity. Gas used to come from large remote reservoirs, such as the Moomba and Bass Strait gas fields. More recently, coal seam gas comes from Queensland, with untapped reserves in NSW and Victoria. You have cited out of date data for 2019, your favorite. In the past year it has been 33.1% renewables with solar and wind each way ahead of gas: Be sure and note how much less expensive solar and wind are than gas. https://opennem.org.au/energy/au/?range=1y&interval=1M Edited February 13, 2022 by Jay McKinsey 1 Quote Share this post Link to post Share on other sites
notsonice + 1,068 DM February 14, 2022 (edited) 7 hours ago, Jay McKinsey said: You have cited out of date data for 2019, your favorite. In the past year it has been 33.1% renewables with solar and wind each way ahead of gas: Be sure and note how much less expensive solar and wind are than gas. https://opennem.org.au/energy/au/?range=1y&interval=1M Coal and gas account for about 79% of electricity generation in Australia in 2019 and now 67% two years later. WOW Edited February 14, 2022 by notsonice 2 Quote Share this post Link to post Share on other sites
Andrei Moutchkine + 828 February 14, 2022 On 2/12/2022 at 6:34 AM, Boat said: I’m not going to look it up for you but when the USSR collapsed there was nuke fuel just laying around. The US was so concerned about terrorists or third parties they paid billions for security and bought some of the fuel. It was stated like 10% of US nuke power came from Cold War nuke material. I think this program lasted a long time. What happened later I don’t know. https://en.wikipedia.org/wiki/Megatons_to_Megawatts_Program More like 90% than 10% 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 14, 2022 https://www.offshore-technology.com/comment/natural-gas-projects-dominate-fids-across-og-2021/ Natural gas projects continue to dominate planned FIDs across O&G Value Chain in 2021 GlobalData’s latest report, 'Global Oil & Gas FIDs in 2021', indicates that natural gas projects continue to dominate global final investment decisions (FIDs) planned across the oil and gas value chain in 2021, as countries and companies are increasingly acting to reduce carbon emissions and planning to become carbon neutral. By GlobalData Energy Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 15, 2022 https://gcaptain.com/wp-content/uploads/2022/02/fossil-fuels-account-for-more-than-70-of-europe-s-energy-supply-with-a-growing-share-coming-from-natural-gas-.png Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 19, 2022 https://www.oilandgasiq.com/fpso-flng/news/top-10-flng-projects Top 10 FLNG projects The run-down of the world's essential projects and milestones Add bookmark Tags: PFLNG1 Prelude Flng Flng Top 10 Oil & Gas IQ Editor 10/30/2018 Top 10 FLNG projects of all time Since the 1970s, oil and gas companies have been interested in the concept of FLNG projects – with research conducted by firms such as Kvaerner and Moss Maritime resulting in the drawing up concept designs for state-of-the-art floating LNG plants. Running in tandem with the development of FPSOs, FLNG projects have only recently begun to reach maturity – and with an increasing desire to developed gas fields in the Asia-Pacific region, future FLNG projects could become the industry solution. As we prepare to enter a time when FLNG projects may begin to rival oil FPSOs, Oil & Gas IQ run down the Top 10 FLNG projects that you need to know about. 1. The Doughnut, 1997 study The first major research project to come out of the 1990s focus on FLNG, the Doughnut was an FLNG production concept developed by Mobil. The design was a for a floating plant that could produce, store, and offload over six million tonnes of LNG per annum. It would weigh over 100,000 tonnes, and would have contained enough storage tanks for 250,000 cubic metres of LNG. See also: Top 10 FLNG projects: Mobil's Doughnut. The Doughnut is also remarkable for its proposed square doughnut hull shape, which would have resulted in an extremely stable platform with a moonpool in the centre, able to take advantage of excellent motion characteristics. The size of the pool was designed to dampen the movement of the vessel, and the entire hull was to be built in four sections – allowing standard-sized docks to build such an enormous vessel. 2. Azure, 1999 study The Doughnut concept was soon followed by the EU-led research project Azure. This was the first design to show that a full floating LNG chain was possible – and could be built by 2004. See also: Top 10 FLNG projects: The EU's Azure. This would include FPSOs, a floating regasification unit, and shuttles that would move the FLNG between vessels. The Azure study revealed the need for financially-viable mooring solutions, as well as improved hydrate management systems. 3. Prelude, 2017 Australia 3.6mta production Since agreeing to work alongside Technip Samsung in 2009, Shell has recently launched the world’s first FLNG development – the A$12 billion Prelude FLNG. The Prelude is half a kilometre in length and constructed of a quarter of a million tonnes of steel. It displaces as much water as six aircraft carriers and over 600 engineers contributed to its design. 4. PFLNG1, 2017 Malaysia 1.2mta production Petronas’ 2011 Front-End Engineering Design (FEED) contract with Technip and Daewoo resulted in the world’s second FLNG project, the PFLNG1 or PFLNG SATU. The PFLNG1 is 365 metres in length, and weighs over 100,000 tonnes when fully laden. It became the first FLNG to begin LNG production when it produced and delivered LNG from the Kanowit field in Malaysian waters in April 2017. 5. Hilli Episeyo, 2018 Cameroon 2.4mta production Built by Keppel in Singapore, the Hilli Episeyo is the world’s first converted FLNG vessel. Launched in July 2017, the Hilli Episeyo was converted from an LNG carrier built in the mid-1970s, and moved from Singapore to Cameroon in October 2017. It is 300 metres in length, and has a gross tonnage of 120,000. In March 2018, it became the second FLNG vessel to begin production. 6. PFLNG2, 2020 Malaysia 1.5mta production Petronas’ PFLNG2, located in the South China Sea, began production when Petronas awarded its second FLNG FEED contract in 2011 – to Samsung and the JGC Corporation. With final investments made in 2014, the facility is expected to produce its first LNG from the deep water Rotan gas field in 2020. You might be interested in our other FLNG articles. The PFLNG2 is designed to produce 1.5 million tonnes of LNG per year, and will be moored using an external turret. It will be non-propelled and is intended to manage 20 years of production without dry docking. 7. Delfin, 2020 Gulf of Mexico 13mta production Having received over seven billion dollars in investments, the Delfin LNG group is now working on the United States’ first FLNG project. Approved by the Department of Energy in June 2017, the US will be able to export LNG to nations without FTAs. It will be commissioned in 2021-2022, and will have the potential to later expand its capacity from 13 million tonnes, to 21. There is an existing LNG system off the coast of Louisiana – and plans to move fuel from the platform there to four FLNGVs moored in the Gulf of Mexico. Delfin acquired the current pipeline system from Enbridge, and are planning to modify and restore the pipeline following its abandonment in 2011. 8. Fortuna, 2020 Equatorial Guinea 2.2mta production Ophir Energy is attempting to find final investment for its FLNG project with Golar LNG. Due to slow progress and difficulties securing finances, the FID has been delayed since Q4 2016. If funding can be assured, the project will come in at a total cost of $2.1 billion, with first production likely in 2022. Ophir is also on the hunt for a new CEO, further muddying these turbulent waters. 9. Coral South, 2022 Mozambique 3.4mta production Aided by Eni, the Mozambican government is developing a $10 billion FLNG facility in the Coral Field, discovered in 2012. This will be the first FLNG project in Africa, and is expected to become fully operational in 2022. The reserves in the Rovuma Basin, in which the Coral Field is located, could supply both Tanzania and Mozambique with enough fuel to meet their domestic demands for the next 5,000 years. The development of FLNG projects has the potential to significantly alter the economise of some of the poorest nations in Africa. 10. New Age, 2022 Republic of the Congo 1.2mta production London-based and Africa-focussed New Age are now looking to develop FLNG projects in Cameroon and the Republic of the Congo. These projects will allow development of new fields, and a chance to bring two new FLNG projects onstream by 2022. However, recent developments – including the sacking of many senior staff members, may have jeopardised or delayed these ventures. If you enjoyed this article, make sure to check out our guide to FLNG. Comments You must Login or Subscribe to comment. More From LNG LNG Bunkering Global Report 2019 In our exclusive whitepaper, Oil & Gas IQ present the definitive report on the state of the LNG bunk... 2019-04-02 by Oil & Gas IQ Editor 1 Quote Share this post Link to post Share on other sites
notsonice + 1,068 DM February 19, 2022 On 2/14/2022 at 6:34 PM, ronwagn said: https://gcaptain.com/wp-content/uploads/2022/02/fossil-fuels-account-for-more-than-70-of-europe-s-energy-supply-with-a-growing-share-coming-from-natural-gas-.png great chart...Coal is in a terminal decline.......followed by oil......Nat gas and renewable on the increase ....both much better than oil and coal...working in the right direction 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 20, 2022 https://www.wsj.com/articles/californias-green-energy-subsidies-spur-a-gold-rush-in-cow-manure-11645279200?mod=hp_lead_pos5 California’s Green-Energy Subsidies Spur a Gold Rush in Cow Manure A lucrative state incentive to make natural gas from dairy waste is attracting companies from Amazon to Chevron You might also want to see my collection of biogas stories. https://docs.google.com/document/d/1N-TLMeHsKYBCirxS0vbqMGHpU2SmyLuCc7bqp8eYXVM/edit 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 21, 2022 Scandanavia doe not even talk about its potential Arctic resources. 2 Quote Share this post Link to post Share on other sites
Ron Wagner + 643 March 17, 2022 (edited) https://lngprime.com/asia/mol-new-methane-tech-will-significantly-cut-emissions-from-lng-powered-ships/45954/ MOL: new methane tech will significantly cut emissions from LNG-powered ships ByLNG Prime Staff March 16, 2022 Image: MOL Japan’s shipping giant MOL and its partners have received basic design approval for a new methane system which they claim would significantly slash emissions from LNG-powered vessels. MOL, Hitachi Zoshen, and Yanmar Power Technologies have won approval in principle for their methane oxidation catalyst system from classification society ClassNK, according to a joint statement on Wednesday. ClassNK confirmed that the proposed system meets the requirements of the IGF Code and other regulations. The system reduces methane slip by placing a methane oxidation catalyst in an LNG-fueled engine and oxidizing the methane. This is the first time in the world that a methane oxidation catalyst system has received approval in principle, the partners said. Continued Edited March 17, 2022 by Ron Wagner 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 March 17, 2022 (edited) On 2/21/2022 at 12:58 PM, ronwagn said: Scandanavia doe not even talk about its potential Arctic resources. That's because Norway would rather talk about their off shore wind resources https://www.upstreamonline.com/energy-transition/oil-majors-unhappy-with-norwegian-offshore-wind-auction/2-1-1168482 BTW - Just so you know, the North Sea is not in the Arctic. I suppose the WSJ told you it was. Edited March 17, 2022 by Jay McKinsey Quote Share this post Link to post Share on other sites
TailingsPond + 468 GE March 17, 2022 On 2/11/2022 at 11:24 PM, ronwagn said: America cannot thrive buying Chinese goods and helping them thrive while stealing our technology, buying our farmland, and spreading their atheistic beliefs while persecuting religion. Freedom of religion (including atheism) was one of the main drivers of coming to the new world. Perhaps you are not familiar with historical schism events. Do you desire a theocracy? That always ends well.... 1 Quote Share this post Link to post Share on other sites
Boat + 1,315 RG March 17, 2022 On 2/13/2022 at 12:25 AM, Jay McKinsey said: Why should they pay for expensive natural gas when they can have low cost renewables? You are correct, customers won't take high prices. That is why they are going with renewables. Australia’s electricity markets are now experiencing a significant north-south divide, where state grids in the north more dependent on black coal and gas are suffering significantly higher wholesale prices than those in the south with great shares of renewables. The north-south divide has been identified by the Australian Energy Market Operator in its quarterly market reports, known as Quarterly Energy Dynamics, as well as some analysts. The latest QED, which covers the December quarter, notes an even sharper price difference between the northern states (Queensland and NSW), and the southern states of Victoria, South Australia and Tasmania. It notes that wholesale prices in the north are nearly double that of the south. https://reneweconomy.com.au/australias-north-south-divide-electricity-price-jumps-in-coal-dependent-states/ If you look at nat gas prices in Australia the prices seem to be around no $6 and then jumping to $9 when winter heating demand kicks in. In the US which was overstocked and overproduces for years prices would run under $2.00. Rigs counts would slowly drop. When prices approached $3.00 rig counts would rise and gas maybe peak at 3.25. Rinse/repeat. So as both countries are now leading exporters how can winter prices jump so much when they are exporting the hell out of product. I think the system is wrong and rigged. Citizens should be rewarded with lower energy costs and stability for being an exporter. It’s our country also. The citizens supply the labor and products to make drilling possible. This is not an attempt for government to take over like Venezuela. This is setting a cap where the industry would add drilling rigs. Yea, vote me in for president. Get-er-done. 1 Quote Share this post Link to post Share on other sites
Boat + 1,315 RG March 17, 2022 (edited) 2 hours ago, Jay McKinsey said: That's because Norway would rather talk about their off shore wind resources https://www.upstreamonline.com/energy-transition/oil-majors-unhappy-with-norwegian-offshore-wind-auction/2-1-1168482 BTW - Just so you know, the North Sea is not in the Arctic. I suppose the WSJ told you it was. Jay, did you frequent the Oil Drum back in its heyday? 90% we’re convinced humanity was going to crash due to lack of oil. Peak Oil was all the rage. They were wrong for several years and quietly slipped into the night. When producers want oil they put money into looking for oil. Stats can be misleading while still being accurate. What I saw was conflict retarding production, much like today. But who wants to risk developing fields when peace could break out and bingo, oil out the ass. Oils enemy is tech driving changes in transportation. Oil always shoots itself in the foot over conflict. Energy buyers want stability. Another promise of renewables is the idea we still have energy even if another part of the world disrupts fuel. Avoiding a big chunk disruption is worth dollars. Just hard to count them. Edited March 17, 2022 by Boat 1 1 Quote Share this post Link to post Share on other sites
Eric Gagen + 713 March 17, 2022 On 2/21/2022 at 2:58 PM, ronwagn said: Scandanavia doe not even talk about its potential Arctic resources. The Norwegians talk constantly about their oil and gas exploration and production in the arctic - specifically the portion of the arctic which is in their EEZ, the Barents sea. https://www.highnorthnews.com/en/drilling-barents-sea-could-lead-demanding-cooperation-between-norway-and-russia https://www.reuters.com/article/us-norway-oil/norway-plans-big-expansion-of-arctic-oil-exploration-idUSKBN23V1M1 There have been some major discoveries, and there is a lot of active exploration as well. 1 1 Quote Share this post Link to post Share on other sites
specinho + 440 March 17, 2022 📢 📢 📢 party pooper........... party pooper........... party pooper........... how about generate electricity or energy with this: 1 Quote Share this post Link to post Share on other sites
notsonice + 1,068 DM March 17, 2022 Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.?????? Cleanest????? nope just cleaner than oil or coal........ Get your facts straight Solar is the cleanest source of energy along side wind.........both have zero operating emissions. No exhaust....No heat emissions 1 Quote Share this post Link to post Share on other sites
Boat + 1,315 RG March 18, 2022 The biggest problem with nat gas is the amount of leaking from the wells to the consumer. But it has less toxins when burned. Quote Share this post Link to post Share on other sites
Ron Wagner + 643 April 27, 2022 On 3/17/2022 at 6:42 AM, Eric Gagen said: The Norwegians talk constantly about their oil and gas exploration and production in the arctic - specifically the portion of the arctic which is in their EEZ, the Barents sea. https://www.highnorthnews.com/en/drilling-barents-sea-could-lead-demanding-cooperation-between-norway-and-russia https://www.reuters.com/article/us-norway-oil/norway-plans-big-expansion-of-arctic-oil-exploration-idUSKBN23V1M1 There have been some major discoveries, and there is a lot of active exploration as well. Glad to hear it, I have only heard about all of Russia's claims to large areas of the arctic in conflict with Norway and other nations adjacent to arctic Russia. Quote Share this post Link to post Share on other sites
Ron Wagner + 643 April 27, 2022 https://lngprime.com/europe/tes-kicks-off-open-season-for-its-wilhelmshaven-lng-hub-in-germany/49572/ TES kicks off open season for its Wilhelmshaven LNG hub in Germany ByLNG Prime Staff April 26, 2022 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 643 April 27, 2022 https://lngprime.com/asia/msc-linked-to-orders-for-20-lng-powered-containerships-in-china-and-south-korea/49472/ MSC linked to orders for 20 LNG-powered containerships in China and South Korea ByLNG Prime Staff April 25, 2022 1 Quote Share this post Link to post Share on other sites
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