Join Industrial Info for Webinar on Europe, Russia Oil & Gas Project Outlook
Industrial Info Resources (Sugar Land, Texas) is pleased to be presenting a complimentary webinar on the outlook for Oil & Gas projects in Europe and Russia. The webinar will be held August 28 at 9 a.m. CDT (2 p.m. GMT).
Join Gordon Gorrie, Industrial Info's vice president of Oil & Gas research; Shane Mullins, vice president of product development; and Shaheen Chohan, vice president of global analytics, as they discuss the trends that are developing in the region, along with an overview of spending over the next 24 months.
Business confidence seems to be returning to the region's Oil & Gas market, particularly the North Sea. Among the region's projects being tracked by Industrial Info is the Phase IV North expansion of the Kraken heavy oil production field in the North Sea. EnQuest plc (Aberdeen, Scotland) began construction on the subsea installation about a year ago, with TechnipFMC plc (NYSE:FTI) (London, England) providing engineering, procurement and construction. Gross reserves of the Kraken field are estimated to be 137 million barrels, and the development will yield an oil production rate of between 30,000 and 50,000 barrels per day. For more information, see Industrial Info's project report.
While Europe has begun purchasing an increasing amount of liquefied natural gas (LNG) from the U.S., the region still remains hungry and reliant on Russian gas. Among the region's largest projects being tracked by Industrial Info is the Nord Stream 2 project, which would expand the Nord Stream natural gas pipeline from Russia to Germany to increase annual capacity to 3.9 trillion cubic feet. The project has an overall total investment value of more than $9 billion. The project is still in the planning and permitting stages in certain regions, but construction could begin early next year for completion by the end of 2020. For more information, see Industrial Info's project reports on the Russia Pipeline 1 addition, Russia Pipeline 2 addition, German Baltic Sea portion, and lateral in Poland, as well as August 21, 2018, article - Nord Stream 2 Pipeline Will Bypass Denmark Obstacle.
The webinar will cover the following topics and more:
- The return of sanctioned projects from an "on-hold" status
- The large potential for offshore decommissioning
- Basins being developed in addition to the North Sea
- The challenges surrounding LNG and natural gas
Join us August 28 as Industrial Info's industry experts discuss these and other topics. Make sure to RSVP today!