Daily Archives: September 25, 2011

Jamaica: Bids Open for LNG Project

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The Government says it will be hosting meetings with prospective bidders for the Jamaica’s Liquid Natural Gas (LNG) supply project and the building of a Floating and Regasification Terminal next week.

The meetings are to take place on Monday and Thursday at the Jamaica Pegasus Hotel. Minister of Energy and Mining, Clive Mullings and Chairman of the LNG Steering Committee, Christopher Zacca are expected to speak at both pre-bid meetings.

The Office of the Prime Minister says pre-bid meetings are opened to all interested bidders but that attendance is not required to submit a proposal in response to the project.

The Government was forced to re-tender the bid for the Floating Storage and Regasification Terminal after the Contractor General, Greg Christie, alleged there had been irregularities in the bidding.

Christie had said the eventual winner, the Exmar Consortium, had been given an unfair advantage. However, this week the Office of the Director of Public Prosecutions said there was no evidence to draw the inference that Exmar’s advantageous position was the result of bid-rigging or corruption.

Original Article

Shell Perdido: The first full field subsea separation and pumping system in the Gulf of Mexico. (video)

Uploaded by fmctechnologies on Apr 25, 2011

The Shell Perdido is the first full field subsea separation and pumping system in the Gulf of Mexico.

This is FMC Technologies‘ second full field development with Shell utilizing subsea oil and gas separation and boosting, following the award of the Shell BC-10 project in offshore Brazil. The Perdido project will have a SPAR-based processing hub moored in an estimated 7,874 ft (2,400 m) of water, making it the deepest production SPAR in the world. The Perdido project will utilize FMC’s globally managed product standards, supporting manufacturing and supply networks and project management processes.

Perdido Subsea System (video)

Uploaded by fmctechnologies on Apr 25, 2011

The Shell Perdido is the first full field subsea separation and pumping system in the Gulf of Mexico.

This is FMC Technologies‘ second full field development with Shell utilizing subsea oil and gas separation and boosting, following the award of the Shell BC-10 project in offshore Brazil. The Perdido project will have a SPAR-based processing hub moored in an estimated 7,874 ft (2,400 m) of water, making it the deepest production SPAR in the world. The Perdido project will utilize FMC’s globally managed product standards, supporting manufacturing and supply networks and project management processes.

Shell Perdido: moving the spar into place (video)

Uploaded by Shell on Jan 28, 2010

Tour the Perdido platform, spar and underwater equipment with this fly-by animation.

Shell has been a leader in deep-water exploration and production for the last 30 years. Perdido in the Gulf of Mexico is one of our most challenging deep-water projects. Shell has a 35% interest in the project and is the operator. Perdido is in a water depth of some 2,450 metres (8,000 feet). First production from Perdido was on March 31, 2010.

Key facts
Location:

Gulf of Mexico, US

Depth:
~2,450 metres (8,000 feet)

Interests:
Shell 35% (operator), Chevron 37.5%, BP 27.5%

Fields:
Great White, Tobago, Silvertip

Peak production:
100 kboe/d

Key contractors:
Technip, Kiewit, FMC Technologies, Heerema Marine Contractors

Technology

Perdido, moored in ~2,450 metres (8,000 feet) of water, is the world’s deepest direct vertical access spar. The spar acts as a hub for and enables development of three fields – Great White, Tobago, and Silvertip. It gathers, processes and exports production within a 48-kilometre (30-mile) radius. Tobago, in ~2,925 metres (9,596 feet) of water, will be the world’s deepest subsea completion. The Perdido platform peak production will be 100,000 barrels of oil equivalent a day.

Environment and society

Social and environmental responsibility is a central pillar of Shell’s operations. Shell’s Gulf of Mexico operations have a long association with the city of New Orleans, and this is reflected in the contribution the company made to many recovery programmes after Hurricane Katrina. The Shell Coming Home campaign and sponsorship of the New Orleans Jazz and Heritage Festival – a key event in the city’s on-going recovery – helped build confidence in the city’s future. Shell is also involved in projects such as wetlands restoration on the Texas/ Louisiana coast.

Current developments

The Perdido spar was constructed by Technip in Pori, Finland and began its 13,200-kilometre (8,202-mile) journey to Texas in May 2008, arriving in the Gulf of Mexico in August 2008. The 170-metre (555-foot) cylindrical spar was secured to the sea floor and Shell completed the installation of the drilling and production platform on top of it. Around 270 staff living on the platform and an adjacent floating hotel, or flotel, completed the commissioning and hook-up required to produce first oil.

There are 22 direct vertical access wells from the spar, with an additional 13 tiebacks from subsea completions. The Perdido hull is nearly as tall as the Eiffel Tower and weighs the same as 10,000 large family cars.

The Noble Clyde Boudreaux platform drilled the production wells. We set a world record in December 2008 with the deepest completed offshore production well at about 2,852 metres (9,356 feet) below the water’s surface. Another well currently being drilled in the Tobago field will go deeper at around 2,925 metres (9,627 feet).

Original Article

Does this administration understand what economic growth means?

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BY JOHN REINIERS, More Than Words

Discussing economic growth usually causes a negative knee-jerk reaction in progressive liberals, because private sector growth implies some capitalist is making profits even if it means job growth.

Economic growth is the mother’s milk of conservative thought. Conservatism is not an ideology. It is a philosophy. In fact it is opposed to hard line ideologies. It is a moving target because it is based on practical principles, respecting tradition but accepting change.

The ultimate in profound economic change was the Industrial Revolution, which transformed the course of human history and has morphed into the technological revolution, which ushered in economic conservatism as we know it today. An explosion in economic activity followed, resulting in the creative destruction of existing jobs. The net result was more productive jobs, as less productive jobs were destroyed. Automobile assembly lines versus wagon manufacturing, word processors versus manual typewriters, etc.

Undergirding this stunning achievement was the hallmark of conservative principles — that the notion that property rights and freedom should be inseparable in the hands of creative, entrepreneurial inventors who attract investment capital. (Turn the entrepreneur loose.) Conservatism is, and remains, all about economic growth and private sector jobs.

Command and control economies could never have inspired the Industrial Revolution. Even China has embraced market capitalism, referred to by their own communist leaders as a “socialist market economy with Chinese characteristics.” Here’s what Chinese President Hu Jintao tells his bureaucrats: “The functions of government must be separated from those of economic enterprises … Government should not intervene in economic operations.”

How about that! Economic growth with job creation. A communist ordering his government to get out of the way of business — totally antithetical to the ideology of U.S. progressive liberals. This is not meant to be a partisan slam, but rather to suggest economic policies that focus on government regulation are misguided in this global economy.

Countless numbers of inventions created by the legions of brilliant European entrepreneurs as the Industrial Revolution unfolded would have would have never seen the light of day in contemporary America. Englishman George Stevenson’s first steam locomotive used in coal mines (1840) and German Gottlieb Daimler’s first modern gas engine (1850) would still be on the drawing board if they had to deal with U.S. federal government bureaucracy, (EPA, NHTSA, NLRB and OSHA, to mention some) plus state and local permitting agencies — and sadly these start ups would probably go broke lobbying and from incurring attorney’s fees.

Big government enthusiasts have no interest in property rights and even less interest in individual freedoms; whereas the philosophy of economic conservatism implies robust support for private sector economic progress.

As we become more like European socialists, the U.S. economy will become less dynamic and entrepreneurial. Socialism is an ideology, not a philosophy. It is a belief system that advocates the control of production with the government. Its focus is on big government — not property rights, and surely not wealth creation with its capital investment and entrepreneurship.

Look: Economic growth should clearly be our priority to get us out of this recession; not bigger government, more rule-making and higher taxes. And this bears repetition: The only way out of this mess is to encourage capital investment in our economy to stimulate economic growth which leads to jobs.

The extraordinary challenge American business now has is how to remain at the top of the global value chain. This is also the goal of emerging market countries, as it was for Japanese industry years ago.

Japan educated and trained a hardworking, dedicated skilled workforce to manufacture the highest quality products. They didn’t innovate. They weren’t entrepreneurial. They simply copied and mastered western technology of that time with unmatched quality standards. But the government, (“Japan Inc. as it was called then) did not get in the way of industry with regulatory restraints. This made the difference.

This brings to mind the missionary zeal of progressive ideologues mixing social policies with economic and financial policies, ever since the New Deal. We’re so used to this, we don’t realize it. For example economists agree that the genesis of this financial crisis really started with the FHA and their Fannie Mae and Freddie Mac G.S.E.’s promoting home ownership — on the surface a laudable social policy; but look where this policy took us: another bubble that created a lot of jobs from Main Street (construction and related jobs in the real estate business) to Wall Street. But it also created a lot of crooks along the way from the ordinary guy, up the food chain to the crooks on Wall Street.

A more recent example is the fetish this administration has for solar energy that resulted in an ill-conceived federal loan of an astounding $535 million to Solyndra that was doomed from the beginning, and is now in bankruptcy, throwing 1,100 people out of work. The Department of Energy has already granted a whopping total of $38.6 billion in loans for “green” projects.

It now appears as though two top executives will take the 5th Amendment and refuse to answer questions at a Congressional hearing. This will end up as another classic case of political corruption. Behind the scenes is a billionaire Democratic fundraiser with close ties to the administration. Obama’s political advisers were pushing for a “green jobs” photo op for the president at all costs, to promote his economic stimulus plan.

There is no doubt that entrepreneurial, innovative Americans will develop cutting edge, affordable solar energy over time. But clearly, at this time in history, it would make more sense for the government to fast-track drilling for oil and natural gas in the U.S. (we have more natural gas than the Saudis have oil) or the development of clean coal technology, rather than sending all our dollars offshore to the Middle East. Private industry would jump at the chance with no loans required.

Our only priority should be economic growth with the end goal of private sector jobs. This is what pragmatic economic conservatism is all about.

If the president and his inner circle of power abandoned yesterday’s failed socialist nostrums and focused on common sense, confidence in government would return.

Original Article

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