Germany’s navy is contributing to the investigation into the Nord Stream 1 and 2 gas pipeline leaks, said Defence Minister Christine Lambrecht, who added that the situation must be clarified and those responsible must be identified quickly.
Russia’s FSB security service is investigating the damage sustained by the Nord Stream gas pipelines under the Baltic Sea as “international terrorism”, the Interfax news agency cited the general prosecutor’s office as saying on Wednesday.
On November 8, 2011, the Nord Stream project was formally opened at a ceremony in Germany attended by Chancellor Angela Merkel and Russian President Dmitry Medvedev.
The quote below is encouraging. Hopefully, the technical team will be able to function independently, and will have strong leadership. I would like to see participation by the Petroleum Safety Authority of Norway.
“There are good teams in place to handle pipeline accidents, there are emergency pipe inventories and experts for onshore and offshore,” Jens Schumann, managing director of gas pipeline grid company Gasunie Deutschland, said.
Nord Stream AG has started mobilization of all necessary resources for a survey campaign to assess the damages in cooperation exchange with relevant local authorities. Currently, it is not possible to estimate a timeframe for restoring the gas transport infrastructure. The causes of the incident will be clarified as a result of the investigation.
190,358 BOPD shut-in as of 12:30 p.m. ET today. Presumably, most of the shut-in production is associated with the major deepwater platforms mentioned in our previous post. Given the projected storm track, these shut-ins should be brief.
Meloni at the rally said Italy should exploit gas resources in the Adriatic Sea and not just look to buy gas from countries like Algeria, as Draghi has done, to wean Italians from supplies from Russia, given that country’s war against Ukraine.
Sept 22 (Reuters) – Talos Energy Inc (TALO.N) said on Thursday it will buy EnVen Energy Corp, a private producer in the deepwater U.S. Gulf of Mexico, in a $1.1 billion deal including debt.
As the data below demonstrate, this is a significant merger from a regional perspective. In 2021, the combined company would have been the sixth largest GoM producer of both oil and gas. The two companies are operating 105 platforms, and their 8 deepwater (>1000′) platforms are 14% of the GoM total. Their compliance records, while not at Honor Roll levels, are better than the GoM average based on INCs/inspection. Some major decommissioning projects loom (see the second table below), and the extent to which the merged company is financially prepared for these obligations is unknown. Particularly noteworthy is the Cognac platform, which was the world’s first platform installed in >1000′ of water.
EnVen
Talos
2021 Oil (MMbbls)
9.6
17.5
GoM oil rank
13
7
2022 Gas (Bcf)
12.6
34.8
GoM gas rank
16
9
2021/2022 well starts
8
8
platforms: total
14
91
platforms >1000′
4
4
BSEE inspections
37
176
2022 INCs (W, CSI, FSI)
12/4/1
38/23/10
INCs/inspection
0.46
0.40
INC=incident of noncompliance; W=warning; CSI=component shut-in; FSI=facility shut-in
Bud's Offshore Energy (BOE) 