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Industrial Valve Summit

gitnetbanana

07Apr

Petronas Malaysia Sepat Offshore FPSO

7 April 2026 gitnetbanana News from IVS 2025 160
Introduction

YPF Eni Argentina LNG Vaca Muerta Phase 1 FLNG
Apr. 2 – 2026

Since 2010, the national oil company (NOC), Petrolian Nasional Bhd (Petronas), has decided to put efforts to develop marginal fields offshore Malaysia.
Around the Malaysian peninsula, Petronas identified 106 marginal oil fields representing more than 580 million barrels of crude oil that it cannot ignore any longer.
These marginal oil fields are defined as to contain 30 million barrels maximum each.
But with crude oil around $100 per barrel, these marginal fields hold $58 billion worth of oil.

Petronas Malaysia Sepat Offshore FPSO History

In addition to this marginal fields exploration and production, the ongoing Economic Transformation Program is targeting to increase the crude oil recovery rate in Malaysia from the current 26% to 40% on the next 5 years with the help of intensive enhanced oil recovery (EOR) projects.

With the ambition to develop 25% of these marginal fields, Petronas decided to move on the Sepat and Beranta marginal oil fields in April 2011.

Contracted to Petrofac from UK, to provide Petronas with a converted floating, storage and offloading (FSO) vessel, Sepat started its first production of crude oil on first half 2012.

to continue reading click here:
https://2b1stconsulting.com/petronas-malaysia-sepat-offshore-fpso/

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30Sep

What are the main stages of an energy project lifecycle?

30 September 2025 gitnetbanana News from IVS 2025 162

The project lifecycle provides a clear structure for managing projects, ensuring that all aspects are properly planned and executed.
This helps in avoiding confusion, maximizing efficiency, and minimizing risks.

Knowing all these steps is crucial to anticipate when one should start to be involved in a project. The right timing will ensure having the attention of all parties involved. When it comes to innovation, solutions must be pushed at an earlier stage of the lifecycle than for standard solutions.

The sector of Energy (Oil & Gas, Petrochemicals, Renewables, Energy Transition…) is following clear lifecycle plans due to the complexity and financial risk of those projects.

Suppliers being selected via tenders, they must have a deep knowledge of the different lifecycle steps to compete on those projectsto continue reading click here:

https://2b1stconsulting.com/what-are-the-main-stages-of-an-energy-project-lifecycle/

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05Sep

NextDecade Brownsville Rio Grande LNG Phase-2

5 September 2025 gitnetbanana News from IVS 2025 160

The independent Texas-based company Next Decade LLC (NextDecade) started the pre-filling process in view to obtain the Federal Energy Regulatory (FERC) approval for its liquefied natural gas (LNG) Rio Grande LNG export terminal project to be located at the Port of Brownsville on the Texas Gulf Coast, at the border between Mexico and USA.

Established in 2010, NextDecade mobilized experienced management to create one of the most dynamic company of the US LNG value chain.
Surfing on the shale gas glut, with a natural gas production continuing to grow, US generate series of newly established midstream companies to transport, store and export LNG.
Among the baby-boom of these LNG players, NextDecade intends to run its projects on fast-tract in order to improve return on investments for its stakeholders and financial partners…to continue reading click here:

https://2b1stconsulting.com/nextdecade-brownsville-rio-grande-lng-phase-2/

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18Jul

Where has the Hydrogen market gone?

18 July 2025 gitnetbanana News from IVS 2025 161

Where has the Hydrogen market gone?
Green Hydrogen genesis

The world emerged from the Covid pandemic at the end of 2020 with a will to change the energy landscape. Exit the good old oil & gas and welcome to the then called “fuel of the future” Green Hydrogen.

At the time, interest rates were at their lowest and massive amounts of public money were to be invested in order to boost the economy. Green Hydrogen was a gold opportunity and received loads of financing. On paper, Hydrogen was seen as a fuel but also as a mean to decarbonize through its combination with CO2. A 4-years period of green hydrogen hype started which led to the apparition of all kinds of projects tagged “Hydrogen”: cars, planes, industries, bicycle, electricity storage…to continue reading click here:

https://2b1stconsulting.com/where-is-the-hydrogen-market-gone/

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30Jun

BP Net Zero H2Teesside Blue Hydrogen

30 June 2025 gitnetbanana News from IVS 2025 163

BP Net Zero H2Teesside Blue Hydrogen

A pool of international and national oil companies (IOCs) and (NOCs) involving BP, Eni, Equinor, Occidental Petroleum (Oxy), Shell, Total and Lotte Chemical are mobilizing their competences and financial capacities to develop a large scale carbon capture usage and sequestration (CCUS) named BP Net Zero Teesside Blue Hydrogen at one of the largest industrial area on the northeast England.Discover more:

https://2b1stconsulting.com/bp-net-zero-h2teesside-blue-hydrogen/

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03Jun

SwitcH2 NH3 OFFSET FPSO Green Ammonia

3 June 2025 gitnetbanana News from IVS 2025 159

The Netherlands’ independent green fuel company, SwitcH2, and the independent floating production storage and offloading (FPSO) vessel engineer and operator, BW Offshore, are considering developing the SwitcH2 NH3 OFFSET FPSO Green Ammonia, a green ammonia floating production unit.

The Dutch government plans to reduce by 2030 its carbon dioxide (CO2) emissions by 45% compared to 1990 and should be carbon neutral by 2050.
After the Russian invasion of Ukraine, Europe decided to boost its energy dependency through its RePowerEU.
In 2022, the Netherlands have an installed wind power capacity above 8 gigawatts (GW), with 29.6% based offshore.

https://2b1stconsulting.com/switch2-nh3-offset-fpso-green-ammonia/

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19May

Shell HI OML 144 Platforms

19 May 2025 gitnetbanana News from IVS 2025 157

Shell HI OML 144 Platforms

The international oil company (IOC) Shell and the Nigerian independent company Sunlink Petroleum Limited (Sunlink) are willing to proceed on fast-track to develop shallow water HI offshore project in Nigeria.

https://2b1stconsulting.com/shell-hi-oml-144-platforms/

 

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19May

2025 : the year of all the Energy Transitions

19 May 2025 gitnetbanana News from IVS 2025 159

2025 : the year of all the Energy Transitions

Since 2020, the world has begun its Energy Transition, but beyond decarbonization and the development of renewables, another faster transition is taking place. This other Energy Transition is the transition from a world where energy is globalized to a world where energy is politicized.

https://2b1stconsulting.com/2025-the-year-of-all-the-energy-transitions-part-1/

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19May

How do Trump Tariffs impact energy projects?

19 May 2025 gitnetbanana News from IVS 2025 158

How do Trump Tariffs impact energy projects?

Since 2022, we are witnessing the transition of energy from globalization to a world where the energy map has to match with the political map.
Trump tariffs are the latest nail in the coffin of the Global Energy era

https://2b1stconsulting.com/how-do-trump-tariffs-impact-energy-projects/

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