OGI Autumn 2022 Digital

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PROCESSING Power of Three Set to Support Critical Filtration Processes Market volatility, tightened supply, soaring inflation and continual pressure to lower carbon emissions: The worldwide oil and gas industry has much to contend with as it seeks to navigate rising production costs and create the headroom to move forward with investment decisions. However, any focus on immediate cost Simon Hughes, Business Development safety. control in such a challenging period has to Director at Amazon Filters, said: “The For the new variation of Contour Gas, design be tempered with the need to ensure equipment variations we have introduced mean we can engineers have reduced the dimensions of the performs efficiently over the longer term. supply our products directly into more retrofit outer diameter so that more installations can Achieving optimal success with the design and applications, supporting the essential work of enjoy seamless retrofits. supply of critical filtration technology is one way production and maintenance managers on The graded density of the variation’s melt to support and improve production processes. production platforms, in transmission lines blown structure ensures efficient removal of That requires a mindset that understands and at refineries. fine, sub-micron particles while providing OPEX, not just capital spend. Inappropriately “Extensive performance testing of excellent dirt holding capacity. designed filtration can lead to very high year- competitive products and our newly And the product is now available in two on-year repair and maintenance costs that can developed retrofits ensures our filters can fit efficiency grades, with coreless and stainless quickly dwarf any saving made on capital. seamlessly into existing systems to provide, at steel core variants, to optimise matching to A well-designed system may appear to cost the very least, comparative performance. process conditions. more at first but the difference is tiny compared “In many applications, customers will achieve to the additional OPEX, process risk and improved performance along with associated Particulate removal in liquids downtime costs involved in sorting associated economic savings. In the third product variation, Amazon problems from poor design further down the “This is all about providing competitively Filters has optimised the pleat configuration of track. priced products that protect machinery its liquid particulate filter SupaPleat 1401 and and equipment, offer performance benefits, added advanced, extended-life, polypropylene Product innovation minimise costly unscheduled downtime and depth media to ensure low pressure loss and From Autumn 2022, critical filtration processes ensure the final purity of output.” optimised dirt holding. supporting oil and gas production can benefit SupaPleat 1401 is an absolute-rated, high- from a trio of innovative product variations Coalescer pressure filter cartridge with a pleated, high designed to transform operational efficiency. For liquid gas coalescing, Amazon Filters has surface area designed as a cost-effective UK-based filter maker Amazon Filters has introduced a filter based on its proprietary alternative to products based on old engineered the changes to strengthen its melt blown technology. technology and filtration media. portfolio of products widely used in upstream, The enhancement complements the recently Its fluid process applications in the refinery, midstream and downstream processes. released SupaSep LGP coalescer that is based chemical and petrochemical industries Supported by ‘quick and able’ delivery and on pleated glass microfibre media technology. include the filtration of solvents, acids, iron technical backup, the variations offer the SupaSep LGM is designed as a cost-effective fines and hydrocarbons. reassurance of retrofit capability meaning they retrofit solution to enhance efficiency and For more information on the three retrofit can be readily and flexibly integrated with drainage performance in high-flow filtration product variations, visit: existing process equipment. and separation processes. www.amazonfilters.com/retrofit-filters They are specifically aimed at three of the main It is ideal for the removal of entrained liquid process applications at the heart of oil and gas droplets such as water, condensate, oil, glycols Photos. Left: A retrofit variation of a Contour filtration and production: liquid gas coalescing; and amines from natural gas in applications Gas melt blown cartridge filter, designed to particulate removal from natural gas; and within processing plants, power plants and remove particulates from natural gas. removal in liquids. compressor stations. Above: Liquid particulate filter SupaPleat Black powder removal 1401 features a pleated, high surface area Particulate removal from natural gas is and polypropylene depth media to ensure low the focus of a variation of Amazon Filters’ pressure loss and optimised dirt holding. Contour Gas melt blown cartridge filters. These help with the removal from gas transmission lines of black powder, a common source of contamination mainly composed of hard particles of iron oxide and iron sulfide in sizes from 100µm down to sub-micron level. Typically caused by corrosion and erosion in upstream pipework, the particles are swept along at high speed in the gas flow, with accumulations risking harm to downstream equipment and endangering production 52

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PROCESSING For More Space and Safety, and a Better Overview of Your Cabinets Covestro AG and SBM Steuerungsbau- und Montage GmbH use terminal blocks for SIGNAL marshalling (PRV) from Weidmüller Space in the cabinet has been scarce for quite some time, and highly sought after. Increasingly complex requirements for automation processes and growing demands in terms of monitoring and recording operational data have also led to an ever-increasing number of sensors and measurement devices in the field for the process industry – while a clear overview, safety, and easy handling still remain important. To update the substation in its production, terminal block and also save a huge amount bars of the PRV compensate for different Covestro AG worked with partners of space” says Plant Manager Özden Aydemir coefficients of material expansion between the including cabinet specialist SBM Steuerungsbau- from SBM Steuerungsbau- und Montage plastic terminal base and copper current bar, und Montage GmbH. To implement increased GmbH. and always ensure low transition resistances customer requirements in some areas, they In addition, the SIGNAL marshalling that are stable over the long-term – even in used components such as terminal blocks for terminals use secure PUSH IN connection case of temperature fluctuations or changing SIGNAL marshalling (PRV) from Weidmüller. technology. The PUSH IN double connection climactic conditions. A snap-on foot stop This allows them to create an extremely ensures simple potential distribution and prevents overextension during installation, compact, yet easy to understand cabinet design. serves as a separate test point. PUSH IN and ensures the terminal block sits firmly on Covestro is one of the world’s leading provides users with a reliable, vibration- the DIN rail. manufacturers of high-tech polymer materials. resistant, and gas-tight connection quickly. Mr Marius Bernau, Maintenance Products and application solutions from the To do so, the prepared conductors are Management Covestro, is excited: “Thanks company are used in many areas of modern simply plugged in into the terminal points. to the use of PRV terminal blocks, we were life. Covestro’s portfolio includes preliminary This connection technology also offers high able to create over 8,800 connection points on products for polyurethane foams and the conductor pull-out forces and vibration less than two meters of terminal rail. And all high-performance plastic polycarbonate, as resistance. In comparison to other connection without restricting the overview and ease of well as preliminary products for varnishes, technologies, PUSH IN also delivers a high handling”. adhesives, and sealants and speciality products level of wiring density with excellent operating The space savings are also impressive: in like films. When updating one of its largest comfort. Up to 16 levels with a total of 64 comparison to the old system, the new one production systems, the company completed a PUSH IN connections make it possible to achieves an average reduction of 40 percent. comprehensive overhaul of the entire control wire a large number of signals in the smallest This means that fewer new cabinets are set up and wiring technology step by step during possible space. To provide the best possible in the overall substation, generating several ongoing operation. orientation – even during expansion and square meters of added space which can now In the old substation, the signal lines were maintenance work – clear matrix designations be used for other purposes. • installed on the signal strips with cable lugs or and red and white actuation elements make soldered contacts, and routed from there to the it possible to arrange the distribution board Weidmüller control units. This solution made wiring more terminal blocks clearly, for error-free signal Tel: +44 1162 823470 complex, required a large amount of space, assignment. With their V-shape, the current Website: www.klippon-engineering.com and made maintenance work more difficult. Contacts needed to be re-soldered in some cases, and troubleshooting and measurements inside the system were difficult to carry out, since measurement points were too far apart between the signals. All in all, this design did not meet Covestro’s needs for a modern cabinet. SBM Steuerungsbau- und Montage GmbH from Niederkassel handled renovations for the cabinet. The goal of the revisions was to achieve a high level of wiring density, in which the signals could be connected in series in an easy- to-understand way. Due to the increased requirements that apply in the chemical industry, in some parts of the system the terminal blocks also needed to fulfil intrinsic safety requirement EX i under IEC/EN 60079-11. “With PRV terminal blocks from Weidmüller, we were able to achieve our desired goals and fulfil the high requirements. PRV terminal blocks with a checkerboard pattern structure the 54

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HEALTH, SAFETY & ENVIRONMENT AI Powered Scenario Predictions OGI sits down with Knut Husdal of Novatech AS. He is here to educate readers on emissions mitigation Knut Husdal and how one can turn a problem into an opportunity. As the emergence of Artificial Intelligence (AI) CEO and becomes more prominent in many sectors of the global economy, Novatech explains how AI can be partner, used to predict a company’s emissions on a particular asset and then find the most cost efficient solution to reduce the emissions. With much of the world signed up to Net-Zero by 2050, emission reduction Novatech AS regulation is coming and this should be at the forefront of an operator’s planning capacity. We learn more below. OGI: Could you start by explaining had an important role in financing the first three oil and gas companies, two global NOVATECH’s credentials and experience in version. contracts and one domestic contract. Not bad terms of your products and services for the The startup has already secured deals with for a startup that is less than 6 months old. oil and gas sector? Could you tell our readers OGI: Could you talk about the importance the breadth of your experience, how long the of emission mitigation in the oil and gas company has been active, and its reach? industry? Novatech: Novatech was started by the Novatech: Emission mitigation has gone father and son team Geir and Knut Husdal. from an irrelevant point in speeches to an That combined 70 years of experience from essential part of the future for the whole oil working with energy and emissions in the oil and gas industry. Regulatory requirements and gas industry. This experience includes are tightened quickly, but the really big but not limited to delivering environmental change were caused by the owners. No-one accounting systems and ESG systems to over 50 is interested in stranded assets. Development oil and gas companies, trade organizations and in carbon pricing and regulations paints a governmental agencies. picture of a future where the worst performers Short term forecasting is a commodity. Long simply are bad investments. term accurate forecasting is still a dark spot. There are strong political forces in Norway, This is exactly where Novatech is heading with even within the parties in power, that its new software. Decades of experience from have ambitions to close down the oil and energy demands, energy usage and emissions gas industry. Failure to comply with the in both upstream and downstream oil and gas requirements to reduce the emissions by production was the foundation for the lightbulbs 50% by 2030 is a real political risk. Emission that started to pop up during long talks. Others mitigation is essential for the right to operate also saw the potential and Innovation Norway in the future. No owner is unaware of this. The EU green taxonomy is also moving money out of oil and gas. The high energy prices we see now are an additional driver. Gas that is not 56

“We run multiple simulations in parallel with different AI models on each training set and use concepts from the space industry to find the best matches against real world data.” burnt can be sold with high margins. Emission Let us not forget the owners in this. One efficiency measures and other energy and mitigation can be very lucrative. example is Norway’s Government Pension emission reducing measures. Energy and OGI: How does your AI power simulations Fund Global. The world’s largest sovereign emissions are really two sides of the same coin. work? wealth fund. CEO Nicolai Tangen recently They are tightly interconnected, but you need Novatech: The AI simulations are built for the stated that they will soon require a net zero to look at both sides for the complete picture. specific task together with AI experts. Short plan for all 9000 companies in their portfolio. Our tool does not give a black and white term forecasts based on operational conditions More funds will follow. The EU taxonomy is answer. The companies can simulate various and external conditions are a commodity. another important driver. scenarios and we will predict how various Long term accurate predictions is not. We run OGI: How do you help companies optimize mitigation measures help reduce the energy multiple simulations in parallel with different their energy? consumption and emissions in the various AI models on each training set and use concepts Novatech: We help indirectly. We help scenarios. You can run multiple scenarios and from the space industry to find the best matches companies in their early plans for future compare the predicted results. against real world data. The AI models are then optimizations. We let them simulate the future OGI: Could you talk a bit about your advisory fed with predicted activity data. effect of various optimization measures, services? We are only half way there. The next step is Novatech: Our core service is long term to simulate the effect of the various emission energy and emission forecasting. We also mitigation measures. We are building an support our clients with analyses and best extensive library over emission mitigation practices in strategic planning for reduced measures including their effect on various future emissions. We are developing Novatech operational conditions. The user may select a to be the go to energy and emission prediction whole range of measures and the system will company. predict the effects in combination. OGI: Finally, could you enlighten our readers The system enables the user to run multiple of a case study where you helped a client with predictions with various measures and compare your solutions? the effects to find the most cost efficient solution Novatech: The ongoing step is to ramp up from for his specific assets, which of course includes a promising technology and proof-of-concept total emissions and equity emissions. and develop a real world tool. We have three OGI: Are there regulatory measures in place large oil and gas companies that have agreed that drives the need for emission prediction, and to join us in development of this technology, if so; what are they? both with know-how, and financial backing. Novatech: 70% of the world’s GDP have signed The first release of the software is planned in the Paris agreement with a net zero target for the beginning of 2023. 2050. Every single one has, or will soon have, OGI: Thank you for your time. • regulations in place that enforces emission If you would like to know more about the reductions. No serious operator will take the risk topics discussed in this article, or would like to of going blind into a possible future where their know more about Novatech’s solutions please license to operate may be at risk. Every single oil contact them at: and gas company we have been in contact with has started planning for emission reductions. Novatech AS Our tool simplifies the work and increases the W: https://www.novatech.no accuracy. E: [email protected] T: +47 40 20 14 87 57

HEALTH, SAFETY & ENVIRONMENT PETRONAS Strengthens Collaboration with Japan to Pursue Carbon Neutrality by 2050 KUALA LUMPUR, 27 September 2022 – PETRONAS has signed a Memorandum of Cooperation (MoC) with the Ministry of Economy... The MoC and MoU are expected to facilitate investment and financing, and also enhance technical collaboration and competencies in low-carbon technologies in the region. Trade and Industry of Japan (METI) In his speech at AGGPM, Datuk Tengku The collaboration is timely in view of as well as a Memorandum of Taufik said, “Japan has been our trusted Malaysia’s recently launched National Understanding (MoU) with Japan Bank and valued partner since the days of our Energy Policy (NEP) which outlines long- for International Cooperation (JBIC), first LNG exports in the early 1980s, and term development plans for the country to collaboratively pursue mutual this partnership has expanded to include to simultaneously meet its energy needs sustainability goals of achieving carbon new areas of collaboration in the clean while transitioning to a low carbon future. neutrality by 2050. energy space. PETRONAS is pleased to Datuk Tengku Taufik said, “Guided continue further strengthening our ties by the NEP and our internal goals, in The signing of the documents took place through this collaboration with METI and fulfilling its purpose as a progressive on 26 September 2022 on the sidelines JBIC in pursuing green growth for Asia energy and solutions partner PETRONAS of the Asia Green Growth Partnership towards a just energy transition.” will continue to pursue synergistic Ministerial Meeting (AGGPM) in Japan. He added that stronger collaboration collaborations in support of Malaysia’s PETRONAS President and Group CEO and partnership, including better access energy agenda and the Group’s own Datuk Tengku Muhammad Taufik signed to technology and financing, are key to aspirations for continued growth in this on behalf of PETRONAS, while METI was achieve an effective and balanced energy space.” represented by its Commissioner, Agency transition. for Natural Resources and Energy Hosaka Shin and JBIC by its Governor Hayashi Nobumitsu. The MoC with METI aims to enhance the cooperation between PETRONAS and Japan in the development as well as utilisation of energy sources and technologies to achieve pragmatic energy transition. The MoU with JBIC focuses on expanding and enhancing bilateral cooperation between PETRONAS and Japanese companies in projects undertaken by PETRONAS globally in a variety of sectors including value chain development of hydrogen and ammonia, renewable energy, carbon capture and storage (CCS), and green mobility. 58

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The Race to Net Zero Emissions Real-time environmental monitoring to avoid fines and penalties HINT offers three software tools specifi- cally designed to support your Emissions Monitoring program: AML-CEMS, AML-PEMS, and AML-AQMS. These tools contribute to environmental accountability and compliance objectives, helping you meet strict regulatory requirements. They have proved successful in installations spanning power gen- eration, petrochemical, cement, waste inciner- ation, mining, metallurgy, pulp and paper, and general manufacturing applications. The software can be used standalone or as a part of an AML-CEMS, AML-PEMS, and AML-AQMS packaged solution to improve your environmental performance by: • Monitoring emissions in real time • Estimating and analyzing air pollution data • Automating regulatory report preparation • Managing environmental audit risks • Ensuring environmental regulatory compliance • Aligning with corporate sustainability policies and procedures AML Emissions Monitoring software applica- tions deliver immense value to your business sustainability efforts, in particular air quality control. Advanced functionality can cover multiple locations and sensors, while allowing users to add or modify new equipment from an easy-to-use web interface. The flexible, modular architecture, designed by industry Subject Matter Experts, can be configured for unique environmental, engineering, and man- ufacturing needs. Contact a HINT representative or visit our website to learn more about AML Emissions Monitoring capabilities. www.hint-global.com

ADIPEC 2022 Will Be the Leading The following special will feature some of the Global Forum for Pragmatic and select attending and exhibiting companies offering a wide range of innovative solutions for Progressive Energy Transition our ever-evolving industry.. ADIPEC, the world’s largest energy industry conference and exhibition, has announced its 2022 conference agenda, reinforcing its position as the leading global forum for advancing a pragmatic and progressive energy transition. ADIPEC 2022 will showcase industry action towards net-zero commitments and facilitate synergies between global policy makers and decision-makers, energy and business leaders, and innovators to support the development of a sustainable, affordable, and secure energy system. The conference will be a platform to share insights on the latest global issues affecting energy markets, including geopolitical shifts, the evolving global economy, energy supply challenges and next generation energy solutions.

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ADIPEC SPECIAL Using Smart Software to Streamline Spool Fabrication – 3R Solutions If you look at any offshore or marine installation or vessel, be it a jack-up rig, an FPSO, a tanker or an offshore supply boat, you can compare it in many ways to a human body: • The steel structure is like the skeleton, a system of steel “bones” that provide stability and support for the various systems. • The hull plating is like the skin, providing protection for the vulnerable and delicate interior components • Engines and motors are like the heart, providing power to maintain the various processes taking place • The bridge or control room is like the brain, with an overview of all activities and situations, making decisions as needed • And the pipes and piping systems are like the vascular and respiratory systems, providing fuel, fresh air and fresh water, and disposing of exhaust and waste. Just as with a human body, a problem with • Work orders have to be prepared Joint Check one of these many systems and components for each worker / machine, can cause significant problems and critical balancing the workload and continuously improved and adjusted, in order failures. Therefore it is imperative to ensure that considering certifications / permits to meet customer demands. everything is fabricated to the highest level of and capacities At the heart of the 3R software is a centralized quality and reliability. database, which not only contains all For piping systems, prefabrication can • Material availability has to be spool data, but also real time fabrication often be difficult, since they are usually very ensured, and material has to be information from the pipe-shop. Since this complex, with a large range of diameters and a allocated for each spool as required database is shared by all applications, there is multitude of different geometries. As an added no risk of data loss between applications, and complication the different systems, such as for • Depending on classification all operators have the same current data. This example firefighting, fresh-water, waste water, requirements, spools have to be is a major benefit compared to a system of fuel, or air, are usually installed in locations that assigned to NDT according to the autonomous applications, with separate data are not easily accessible, and have to be installed NDT matrix management processes. in smaller segments or “spools”, which are The centralized database is accessed by connected on-site. • All work processes have to be multiple 3R applications, most importantly These spools are fabricated in the pipe-shop, tracked and documented in order to not the IsoBuilder, RAMP and Joint Check which ideally uses modern CNC machines as only ensure full traceability, but also to modules. Each of these three systems is used in well as streamlined handling systems (see the generate required reports for Quality a different main field of fabrication planning, article “Saving Time and Money with Smart Control and the Financial department tracking and documentation: Pipe-Spool Prefabrication” in our previous • IsoBuilder is used for the generation of issue for more information on the advantages of These are just a few of the different tasks that smart fabrication). the production engineers need to handle, but isometric drawings, the splitting of line But the coordination of the timely fabrication it is easy to see how complex and demanding drawings into spools, and the generation of thousands of spools, potentially for multiple the job can be. of fabrication worksheets projects, can be a daunting task: 3R solutions from Germany is a leading • RAMP is used to prepare the work orders, • The 3D models or line drawings have to expert in the field of pipe-shop automation assign them to individual machines and and optimization. Besides their consultancy work stations, and to track the fabrication be split into manageable spools in a logical services, they offer a comprehensive suite of status of each spool in real time and consistent way sophisticated software applications, that can • Joint Check is used to manage the help the production engineers with their Quality Control aspects of fabrication, by Iso Builder jobs. 3R applications can be used to prepare recording the entire fabrication history work orders, to plan, track and document of each welding joint, including welder and material information, as well as the the workshop processes, and to prepare a wide variety of reports, both for internal and for external use. Founded in 1982 3R solutions was one of the first companies to bridge the gap between Engineering and Fabrication, by offering applications that could convert data from the drawings and models into a fabrication-friendly format. Over the past 40 years these applications have been

Software Integration results of inspections and non-destructive RAMP (Resource-Activity-Material- through the RAMP system, they no longer testing Planning) is a system consisting of a main require hard-copy printouts, but can receive Each application could be used by itself, but the application for the generation of work their work orders on computers right next combination of the three applications allows for packages, and sub-modules used at the to their stations. Here they can also confirm significant reductions in man-power and time various work stations to issue and track work completion of their task, so the system has the spent on planning, tracking and documentation orders. It can interface with both scheduling current location and status for each spool or processes. software, to ensure that fabrication and component at all times. IsoBuilder offers import interfaces to the most installation times align, as well as material Joint Check finally is a system that can be common 3D design and construction platforms. management systems, so only material that used on computers and tablets, allowing The imported 3D models can be automatically is available is used to create a work package. streamlined tracking and documentation of splitted into individual spools, using The software can also segregate materials welding activities. For each joint the fitter, customizable parameters. The software can for different projects, to make sure that only welder and inspector can be specified, as also automatically decide whether a joint shall material allocated to a specific project is used well as material information such as HEAT be classified as a shop weld or a field weld, and for fabrication. numbers, filler material, etc. In addition the whether it can be welded using a mechanized WPS as well as the results of visual inspections system or has to be welded manually. Since the RAMP software contains lead and NDT tests can be recorded. This makes Once the isometric drawing of the spool has times for individual processing steps (e.g. the it easier for Quality Control to keep accurate been generated, IsoBuilder can create part lists, cutting of a specific material and diameter, records of all welds at all times. cutting lists, work sheets, a weld book and a or the welding of a specific joint), it can Since a wide range of data are generated and number of other documents required or helpful create work packages that make the best use recorded, the 3R software can then create a for fabrication. Once a spool has been released of available capacities, and that balance the number of reports and documentation, which for fabrication, the spool data is transferred to workload of the individual workers. It also can be customized and adjusted as required the RAMP system. IsoBuilder can also keep can plan the internal flow of material (what by the clients. It is possible to create records track of revisions, however, making sure that types of fittings need to be prepared for the for internal or external use, or even to allow only up-to-date data is used inside the shop, individual fit-up stations, which pipe segment limited read-only access to third parties (such flagging obsolete spools that may already have goes to which machine(s) after cutting), as buyers or end customers). gone into fabrication so no more time is spent for a streamlined and continuous workflow Data of Drawings, lines, spools, pipes, fittings on them. throughout the shop. and joints can easily be tracked and queried by just one ID throughout all applications and Since all workers receive their work orders generated reports for all the worksteps. The IDs may be used for QR- or barcoding for the fasted and easiest tracking solution that is thinkable. 3R solutions is very active in the MENA region, and will be presenting their concepts and solutions at ADIPEC from October 31st to November 3rd. They can be found at booth 9574 in Hall 9, and will be happy to tell you more about their solutions there. In addition they can be reached at [email protected], and their website www.3r.de and Youtube channel www.youtube.com/c/3Rsolutions offers more information as well. • RAMP Software 65

ADIPEC SPECIAL Biogas Upgrading Solutions Focusing on reducing our footprint has struck root. As far as the Airpack packages are concerned, we engineer them as environmentally friendly as possible. This means we consider dimensions and weight (for transportation purposes) while never conceding to anything other than high-quality materials and equipment. We engineer our products for a life span of at least 20 years. However, many remain in operation; some have reached more than 40 years. But that’s not all. We have been known for our determination substances, which means that it and innovative approach to solving client has a far greater potential than we problems for decades. Now that we are urged initially designed it for. Sulafer is to solve the problems of the world, we feel now undergoing elaborate testing to pressure. Our energy demand will remain high. determine which substances it can It’s just a matter of using familiar resources more absorb. smartly and considering alternative resources. However, we are confident that Funny word in this context, pressure. Because Sulafer can replace active coal we believe pressure is one of the inextricable in existing biogas installations, contributing factors in future energy production. rendering a more sustainable and cost-effective solution. Activated Gazpack’s Sulafer cleans gas coal is known not to absorb everything. Sulafer has a broader Since its establishment in 2006, Gazpack has absorption capacity, both in come a long way. With our Sulaway and Sulago quantity and diversity. Therefore, cleaning solutions, converting biogas into clean we believe it can also be used biomethane can be applied to various situations. in laboratories, gas production From a small local farmer’s manure fermentation facilities (to clean the gas stream), unit to an industrial-scale installation for energy CO2 output reduction installations production, for instance. One of the steps in this and the fruit production industry process is baibosgoarsbisntgreaHm2.S (hydrogen sulfide) (to extract ethylene). Last but from the This is where our not least, Sulafer can also play a role in the We have our work cut out for us, whether this patented Sulafer comes into play. production of hydrogen, the power of the concerns Sulafer, the booster compressors, or future. a combination of the two in the production Sulafer is similar to the active coal used in processes of fuels of the future. competitive biogas production installations, yet Hydrogen production One point on the agenda is contributing to our product absorbs seven times more! When growing awareness worldwide. Only when regenerated, it can even be reused twice. The Hydrogen cars, a hydrogen train and a governments decide it is time to diversify absorption material requires far less replacement hydrogen airplane; they all exist already. from fossil fuels (including electricity) can in our Sulaway or Sulago units (approximately We are proud to say a Dutch public-private they allocate research funds and subsidies once every six months) compared to a biogas partnership is building the first commercial towards hydrogen. We strongly believe this installation with active coal (approximately passenger hydrogen-fueled aircraft. Yet, how is the way forward. An example is the Indian once a month), which considerably reduces the do we produce this fuel safely? government. This country plans to reform tuk- production costs. tuks into green gas vehicles by overhauling them with a gas-fueled engine, preferably Other benefits include: There are several ways to produce hydrogen. biogas. They offer the same advantages but differ So, we need to investigate, research, engineer, • Producing Sulafer requires significantly in impact on the environment. Some are test, and communicate about the options less energy (as opposed to active coal still in the lab testing phase; others are before us and opportunities we come across. production). already proven viable. Grey hydrogen, the The first tests are on their way. But we also most common method until now, is formed need to keep the conversation going with • Sulafer can be regenerated and used through a reaction of natural gas (or methane) organizations, researchers, and other parties multiple times. with high-temperature steam. who are interested in this topic. In other words, with you. So, we welcome you to reach • Discarding Sulafer after its final use does This hydrogen production method firstly out to us if you want to learn more about these not require it to be classified as hazardous requires high-purity gas (or methane), which developments. • waste. VISIT US AT ADIPEC: HALL 13 BOOTH 13110 • It absorbs not only H2S but far more can be achieved by treating the gas and substances. AIRPACK NEDERLAND BV disposing of any contaminants, including the T +31 (0)111 - 415 455 We discovered the last benefit by accident. corrosive dheysdigrnogedentosuablfsiodreb(HH22SS.).ThGeaszepcaocnkd’s [email protected] Gazpack cooperates with academic and Sulafer is W: https://www.airpack.nl professional laboratories for testing. During the requirement is compression. With Airpack’s Sulafer testing phase, one of the lab employees many years of experience in building accidentally placed a sample on his desk and (booster) compressors for the oil and gas forgot to put it away in the lab environment. He industry, we feel it’s a matter of time before discovered his ‘mistake’ the day after and decided we can contribute to entering a new era of to test the contents of the saturated sample. To producing CO2-free fuels. his (and our) surprise, it contained many other Finding out the potential 66

Calculate the value of your waste in a few clicks! Your waste is worth more than you think, and therefore Gazpack launched its first biogas calculation tool. Do you want to know how much energy you will produce with your waste? Use our free biogas calculator to find how much clean gas you will produce with our systems. www.gazpack.nl SULAGO® (100 - 1500 Nm³/h) SULAWAY® (1500 - 5000 Nm³/h) SULAGO® is designed to upgrade SULAWAY® is designed to upgrade small capacities of biogas into bio- large capacities of biogas into bio- methane. Due to its low maintenance methane. All outgoing streams are costs, return on investment (ROI) will completely reusable, but more im- be realized in no time. portant, resellable. Gazpack is a daughter company of Airpack Nederland BV, which supplies custom- made products for more than 40 years. It is in our DNA to think along with you and come up with the best possible solution. For more information, please contact our sales department at [email protected] or give us a call on +31(0)111820100.

THINK YOUR GAS IS DRY? THINK AGAIN. LineVu is an intelligent camera that detects contamination in gas systems. The most effective of its kind available. Fully integrated Can be fully integrated into the operation of the NGL recovery process. Liquid Monitoring Until now liquids in gas flows are not monitored allowing up to 40 BTU unaccounted flow into the gas line when low-temperature separation systems fail. Instant Alarm When liquid enters the system, LineVu instantly alarms with a live video stream of pipeline activity. MORE INFORMATION CONTACT US www.processvision.com +44 1256 883304 [email protected]

ADIPEC SPECIAL What Does the Return of Cop to the Middle East Mean for the Energy Industry? Every year world leaders convene at the UN Climate Change Conference projects, the UAE is the ideal host for COP28 in 2023, allowing it to (COP) to review the progress the world has made in reaching the Paris showcase the significant progress in climate action being made across Agreement’s climate goals. The next two conferences, COP27 (Egypt) the Gulf region. and COP28 (UAE), will be especially significant as they mark the return On the road to COP27 and COP28, ADIPEC 2022 - the world’s most of COP to the Middle East, and will play a vital role in shaping the influential gathering for industry professionals - will play a major role in direction of the global energy transition. accelerating the climate commitments of the industry. Over the past year, there has been an unprecedented level of attention Hosted in Abu Dhabi, ADIPEC will bring together top-level innovators, paid to the global energy sector. Calls for the world to meet its climate policymakers, and industry leaders and provide a platform for them to change targets are increasing, and the sector is facing heightened collaborate and discuss how best to tackle one the biggest challenges scrutiny on the use of oil and gas. Meanwhile, many communities still the industry faces. As well as demonstrating the central role played struggle to access the energy they need to meet demand. At such a by the oil and gas sector through innovations such as the scaling up crucial time for the industry, the global energy sector needs credible of low carbon technologies, it will also lay the groundwork for COP27 players to engage in productive dialogue to create a pragmatic and and COP28, and start the dialogue that will carry on through both UN progressive energy transition. conferences. • ADIPEC 2022 | Road to COP27 and COP28 As one of the leading energy-producing regions in the world, the Middle East is the perfect location for the next two UN Climate conferences. This year, Gulf suppliers have been playing a critical role in the global energy ecosystem, acting as a gateway to Europe for both Asia and Africa. With the US Energy Information Administration stating that Asia’s energy demand is expected to increase by 47% over the next 30 years, the Gulf ’s role as a bridge between continents will be hugely important. The region is playing an essential role in shaping global climate action, with the UAE emerging as a key to that by launching the Hydrogen Leadership Roadmap, signing the Global Methane Pledge, LCR_OILa-nAdNaDn_nGoAuSn_ciAnDg_a20$212_b2il1li0oxn14E8n.e5rmgym.Tqrxapn_sLitaioyonuAt 1cce1l6e/r0a6to/2r0F2i2na1n3c:i4a9l Page 1 Platform. Having invested more than $40 billion in clean energy 2742 We are regularly purchasing and recycling metal containing secondaries containing typically: London Chemicals & Resources Ltd Co(LCR) operates globally, processing non-ferrous metal containing Mosecondaries and distributing a range of chemicals and alloys which, in BASE METALS: COPPER, NICKEL, ZINC. many cases, are recycled from these secondaries. The company has been MINOR METALS: COBALT, MOLYBDENUM, TUNGSTEN, VANADIUM. involved for many years with cobalt, copper, molybdenum, nickel, tungsten, 74 PRECIOUS METALS: PLATINUM, PALLADIUM, RUTHENIUM, vanadium and zinc secondaries and has now expanded into precious W SILVER, GOLD. metal containing secondaries – including platinum, palladium, ruthenium, THESE ARE ALL IN SECONDARY FORMS AND ROUTINELY silver and others. We hold exclusive agencies from international fully 28 FOUND IN: BOILER ASHES AND SLAGS, CATALYSTS SPENT – licensed processors including Full Yield Industry Co Ltd in Taiwan and UNUSED OR OUT OF DATE, DROSSES, DUSTS, FILTERCAKES, RS Bruce in UK and operate a joint venture with AGR Catalyst Recovery Ni FURNACE DUST, GALVANIC SOLUTION RESIDUES, GRINDINGS AND GRINDING SLUDGES, METALLICS, SHAVINGS, in Spain. Through these and our other international relationships, we can 78 METAL POWDERS, PICKLING SOLUTIONS, PLATING SLUDGES, PRODUCTION WASTES, RESIDUES, SKIMMINGS, SLUDGES, process a range of waste and unwanted catalysts, plating sludges, ashes, Pt TAILINGS, WASTE WATER TREATMENT RESIDUES residues, concentrates and tailings. We use these to produce vanadium General Wolfe House pentoxide (V2O5), molybdenum trioxide (MoO3) and other chemicals 46 83 High Street Westerham and alloys which are distributed to our international customers. Pd Kent TN16 1PG. LCR offers commercially competitive recycling options with an emphasis 23 on environmentally sound management. Our experienced, friendly and V knowledgeable staff are familiar with relevant legislation, transport procedures and documentation including trans-frontier notifications, REACH, SDSs and ADR dangerous goods. Service, quality, consistency and reliability are all important watchwords for LCR ensuring that our customers return again and again. T: +44 (0)20 7183 0651 I E: [email protected] I W: www.lcrl.net I london-chemicals-&-resources-limited

Ridgway Machines RIDGWAY RTP PRODUCTION LINE supply 2” to 10” CAPACITY RTP Production Lines RTP WRAPPING MACHINE to enable the manufacture of RTP PIPE CONSTRUCTION various types of RTP LINER Production Lines Include • Haul offs • Wrapping Machines • Heating/Bonding Systems • Control Systems • Other machinery integration • Installation, Service & Support Advanced Quality Control • Auto tape gap control • Servo tape tension control • Data capture for QA OUTER REINFORCEMENT

Carrington Textiles Exhibits UL and NFPA 2112 Accredited FR Fabrics in America Global workwear textile manufacturer, Carrington Textiles, announced their successful participation at the National Safety Council (NSC) Congress and Expo in San Diego in September, where the company showcased their range of flame resistant fabrics with the NFPA 2112 and UL accreditations. The news come after Carrington Textiles’ recent participation at the Network Association of Uniform Manufacturers & Distributors (NAUMD) awards in the US, where they obtained the ‘Innovation Award’ for the development of the fabrics with a polyester that biodegrades, Hawksbill and Orca. Flame resistant fabrics for workwear like Flameshield 230 and 280, popular for their lightweight yet durable properties, as well as the products from the company’s Flametuff (220AS, 250AS and 330AS) and Flametougher (280AS) families, all certified with the NFPA 2112 and UL standards, were Carrington Textiles’ main focus for the event. Paul Farrell, Sales Director, explains: “Getting involved in events like the NSC is of importance for us while we keep expanding our reach beyond Europe where we are established as a leading workwear textile manufacturer. And what a better way than bringing with us some of our best flame resistant fabrics that are already certified by the North American safety certification UL”. Carrington Textiles’ next appearance in the Middle East will be at Intersec 2023, from 17-19 January in hall 2, stand H12. • Above: Flame resistant fabrics for workwear.

IMPORTANT EVENTS 2022/23 CALENDAR SPE Caspian Technical Conference 18.10.2022 - 20.10.2022 Nur-Sultan, Kazakhstan https://www.spe.org/events/en/2022/conference/22ctc/annual-caspi ADIPEC 2022 31.10.2022 - 03.11.2022 Abu Dhabi https://bit.ly/3N6bPSd SPE International Drilling Conference & Exhibition 07.03.2023 - 09.03.2023 Stavanger Forum, Norway https://www.drillingconference.org LAGCOE2022 19.10.2022 - 21.10.2022 Cajundome & Convention Center, Lafayette, LA http://www.lagcoe.com/home-expo Breakthrough flowmeter technology Titan Enterprises is a leading design and manufacturer of innovative end user and OEM high-performance flow measurement solutions. Titan’s flow meters are: • Designed and manufactured to ISO 9001 with traceable calibrations. • Robust and reliable delivering high accuracy and repeatability. • Capable of measuring a wide range of liquid flows. • Ideal for use in a variety of environments, temperature & pressure ranges, and chemical compatibility. Titan’s flow meter and instrument range includes: • Ultrasonic Atrato® and Metraflow® flow meters • Low cost turbine flow meters • Oval gear flow meters • NSF-approved mini turbine flow meters • OEM bespoke design To discuss your specific flow meter applications, contact us today: T: +44 (0)1935 812790 E: sales@flowmeters.co.uk W: www.flowmeters.co.uk

World Hydrogen Congress 11.10.2022 - 13.10.2022 World Trade Center, Rotterdam https://www.worldhydrogencongress.com OSW O&M/ Health & Safety Summit 19.01.2023 - 20.01.2023 New Orleans, Louisiana https://offshorewindus.org/omhse/ StocExpo 2023 14.03.2023 - 16.03.2023 Rotterdam Ahoy, the Netherlands https://www.stocexpo.com/ 2023 International Offshore Wind Partnering Forum 28.03.2023 - 30.03.2023 Baltimore, Maryland https://www.offshorewindus.org/2023ipf/ Brasil Offshore Oil & Gas Exhibition 2023 24 to 26 October 2023 https://macae.rj.gov.br/conteudo/leitura/titulo/centro-de-convencoes

PEMEX clarifies that there is NO influence President of the ENAP Board of Directors peddling in contracts conducts a field trip at the Bío Bío Refinery • The initiative is in the process of agreement, so there are no Gloria Maldonado took advantage of the instance to refer to specific contracts with any company the objectives set for ENAP in the coming years. • Corruption is not tolerated at PEMEX During the afternoon of Thursday, September 29, the president • It is possible that this initiative affects the interests of of the ENAP Board of Directors, Gloria Maldonado , toured the Bío Bío Refinery facilities. His agenda in this operation began companies accustomed to taking advantage in the execution with a lunch with the general manager (i), Patricio Farfán , and of substantive PEMEX projects. the executive team of this plant, headed by the manager (s) Roberto Preau , who explained details of the operation of this Regarding notes released today about the alleged influence operation, the progress in the process of relocating residents of peddling of three Petróleos Mexicanos (PEMEX) officials, it the commune and other relationship actions in the area. is clarified that the initiative for the “Supply of chemical products to put in commercial quality the crude oils that converge from The president of the Board of Directors took advantage of the the Marine Regions and South of PEP to the Dos Bocas Maritime instance to refer to the objectives set for ENAP in the coming Terminal”, is in the process of agreement, so to date there are years and, specifically, for the refinery. In this context, she no specific contracts under the Referential Agreement (ACREF) highlighted the vital importance of Bío Bío for the energy supply with any company. of the central and southern areas of the country. Later, she met Of 31 companies that registered their interest in participating in with operators of the control room and with the shift manager, the ACREF published by PEMEX on May 31, 2022, the 10 that to whom she stressed the fundamental work they do for the submitted their information in accordance with the applicable operation of the subsidiary, thanking them for their effort and contracting provisions are being evaluated. commitment to the company’s operational continuity. If the technical and commercial requirements are met, Petróleos Mexicanos would be able to formalize a Contractual Alliance in The director also visited the facilities of contractor workers, its ACREF modality with prequalified suppliers. This Referential an opportunity in which she highlighted the value that people’s Agreement does not imply by itself committing budgetary safety, protection of the environment and commitment to the resources, since this occurs until specific contracts are signed. environment and communities have for ENAP, aspects that she asked to take care of and empower. • PEMEX, in a clear commitment to accountability and transparency, expresses its openness to public scrutiny in all its internal processes, including contracting processes, which are carried out through a platform that, once the ruling has been issued, the The contract is formalized through the electronic signature (e-Signature). Corruption is not tolerated at PEMEX. In the event that there are reports or complaints before the internal and external oversight bodies and any deviation from the regulations that governs us is proven, the corresponding corrective measures will be applied. The media campaign regarding this issue coincides with a legal Petrobras on the sale of potassium mining rights and transparent contracting process that aims to set clear rules on the supply of chemicals for the treatment of crude oil. It is Petróleo Brasileiro S.A. – Petrobras, following up on the possible that this initiative affects the interests of companies release disclosed on accustomed to taking advantage in the execution of substantive PEMEX projects. • 08/11/2022, informs the beginning of the binding phase concerning the sale of its mining rights for research and mining of potassium salts located in the Amazonas Basin. Potential buyers qualified for this phase will receive a process letter with detailed instructions about the process, including guidelines for due diligence and for submitting binding proposals. This disclosure is in accordance with Petrobras’ internal rules and with the special regime for divestment of assets by federal mixed economy companies, provided for in Decree 9,188/2017. • 74

High Pressure Flow Meters for the Offshore Oil and Innovative Liquid Flow Gas Industry Measurement Solutions Titan Enterprises supplies high-pressure Oval Gear flow Titan is a leading design and measuring devices for oil and gas related processes where manufacturer of innovative end user accurate measurement is critical. Flow measurement plays a and OEM high-performance flow fundamental role in upstream, midstream and downstream meters, used within a wide range segments of the Oil and Gas industry. Applications such as high- of environments and applications. pressure additive injection, require highly accurate and chemically resistant flow metering sensors. Ultrasonic Flowmeters For the successful transportation and refining of crude oils, a whole raft of additives are required. These vary from simple surfactants Turbine Flowmeters through to complex blended scale and corrosion inhibitors. The chemical additives are injected in small quantities at high pressure Oval Gear Flowmeters and are critical to the whole refining process. Consequently, careful monitoring of their addition to any process is essential. Instrumentation Petrochemical additive injection fluids vary in both viscosity and density, and any flowmeter installed into a plant should be able to • Compact, robust, reliable cope with a wide range of physical and chemical properties. Unlike • Excellent accuracy and other types of flowmeter, measurement accuracy of Oval Gear flow meters improves as the liquid viscosity increases, from a nominal repeatability 1% of reading to around 0.1% of reading at higher viscosities. • Measure low to high flow ranges Titan’s Oval Gear range of flowmeters include ATEX compliant • High chemical resistance IP67/NEMA 4 protection models, designs that can be pressure • OEM bespoke design capability tested in-house up to 1200 bar, and devices that offer intrinsically REQUEST A QUOTE TODAY safe options to be used in potentially explosive atmospheres. These oval gear meters offer excellent chemical resistance whilst +44 (0)1935 812790 maintaining high performance and 0.1% repeatability. Titan’s [email protected] proprietary oval gear design ensures these flow meters give reliable, www.flowmeters.co.uk high performance in high pressure applications. Titan’s standard Oval Gear models used in additive injection are manufactured with options in materials compatible with the presence of strongly acidic or basic chemicals, such as 316 stainless steel, aluminium, and non-metallic PEEK, with pressure ratings from 50 bar to 950 bar (for custom-designed models). Benefiting from a compact, rugged design, Titan’s Oval Gear flowmeters are proven to operate reliably even at high pressures and at temperatures up to 150°C, providing long-term performance with minimal maintenance. Adapting designs to meet specific high-pressure requirements and aid chemical compatibility, the use of non-magnetic materials and exotic metals, such as Hastelloy and Titanium, are examples of our growing bespoke flow meter capability. Titan has partnered with OEM customers to provide optimised flow metering solutions for oil, gas, petrochemical and green energy applications. These have included bespoke oval gear flow meters for marine fuel flow measurement, monitoring the volume of grease being supplied into a wind turbine main bearing mechanism, high pressure intrinsically safe units for offshore oil drilling additive injection, and for biodiesel plants converting bio waste into sustainable biofuels. For further information on Titan’s full range of Oval Gear flowmeters or to discuss your specific OEM application, please contact: Titan Enterprises T: +44 (0)1935 812790 E: [email protected] W: https://flowmeters.co.uk/

NEWS - SOUTH AMERICA ENAP joins the activities of the International where about 20 ENAP Magallanes workers will participate. Beach Cleaning Day The company firmly believes in the value of supporting these instances, given that the energy industry must increasingly In addition to Beach Cleaning, ENAP has several transversal commit itself to more sustainable policies and programs, added actions in its Community Management program. to the universal challenge of facing climate change and protecting the environment. • For 17 years, our country has joined the International Beach Cleanup Day initiative, which takes place annually Petrobras on P-83 construction contract in September and in more than 120 countries, with the aim of collecting garbage and solid waste on beaches and rivers, Rio de Janeiro, September 28, 2022 - Petróleo Brasileiro S.A. – and identifying them. to modify habits and behaviors that Petrobras informs that today it signed a contract with Keppel contaminate these natural environments. In this context, once Shipyard Limited for the construction of the P-83 platform, as again the National Oil Company (ENAP) has wanted to be part a result of the advancement of the Búzios field development of and be present in these activities organized by the General project, in the Santos Basin pre-salt area. Directorate of the Maritime Territory and the Merchant Marine (Directemar) and the Ministry of the Environment. The P-83 will be able to produce up to 225 thousand barrels of oil per day, process up to 12 million m3 of gas per day, and store more than 1.6 million barrels. The project foresees the interconnection of 15 wells, 8 of which are oil producers and 7 injectors. The platform will be the eleventh unit to be installed in Búzios. Petrobras is the operator of this field with a 92.6% stake, with CNOOC and CNODC as partners, with 3.7% each. The P-83 will be built by shipyards in Singapore, China, and Brazil, and will reach the local content percentage of 25%. The platform will start production in 2027 and will contribute to increase the field’s installed capacity from the current 600 thousand bpd to 2 million bpd. This is confirmed by ENAP’s Director of Communities, Manuel The P-83 is part of the company’s new generation of platforms, Hadjiconstantis , who says that “as part of our sustainability with high production capacity and technologies to reduce carbon policy, we have already been joining beach cleaning activities for emissions. The platform will use the closed flare technology, 10 years in all the territories where we have a presence, as a way which increases the use of gas and prevents it from being burned to raise awareness about the care of our beaches”. “We have called into the atmosphere, in a safe and sustainable way. Another once again to contribute to this work, since it is consistent with innovation will be the methane gas detection system, capable of our collective responsibility and with the environment in which acting to prevent or mitigate the risk of leaks of this compound. we operate,” he maintains. The platform will also be equipped with CCUS technology - CO2 During one morning, volunteers from the different business Capture, Use, and Geological Storage. Petrobras is a pioneer in units of the company attend with implements such as bags, the use of this technology, which allows it to combine increased shovels, gloves and masks, responding to the call of the Maritime productivity with reduced carbon emissions. Government and being consistent with the promotion of actions The P-83 will also be equipped with “digital twins” technology, that help to face the impact of the garbage for the inhabitants of which consists of the platform’s virtual reproduction, allowing the coastal zones. several remote simulations and operational tests, ensuring safety Although this year the cleanup was officially scheduled for and reliability. • Friday, September 30, some localities where the company operates were brought forward. The volunteers were present in the El Bato-Loncura sector of Quintero, where a group of about 20 workers and contractors of the Maritime Terminal participated in the operation, thanks to which they collected plastic bottles, cigarette butts, packaging and glass, among other debris. In Biobío, meanwhile, the meeting will be held today at Playa la Lenga de Hualpén (10:00 a.m. to 1:00 p.m.), inviting members of the refinery, other companies, the municipality and enthusiastic neighbors to participate; all in coordination with the Maritime Government; The same will happen in the coastal sector of Av. Costanera del Estrecho in Punta Arenas (11:00 a.m. to 1:00 p.m.), 76



NEWS - MENA UAE President, VP Witness Signing of Landmark Gas Sales Agreement between ADNOC and DUSUP Landmark agreement will see natural gas replace clean coal a result of geopolitical uncertainty and energy price volatility, the at the Hassyan Power Complex in Dubai, further reducing UAE is delivering on its commitment to decarbonize its power emissions, supporting the UAE Net Zero by 2050 Strategic sector.” Initiative Agreement showcases the UAE’s commitment to H.E. Dr. Al Jaber said: “In line with the directives of the UAE’s progressive and pragmatic climate action and reinforces wise leadership, ADNOC is advancing its efforts to harness ADNOC’s role in enabling a responsible energy transition Abu Dhabi’s vast natural gas resources to meet the world’s ADNOC is advancing its efforts to harness Abu Dhabi’s vast growing demand for this important transition fuel and enable natural gas resources to enable UAE gas self-sufficiency and a responsible energy transition. This landmark agreement will meet growing global demand Domestically produced natural significantly reduce power generation emissions at the Hassyan gas is more commercially competitive compared to imported Power Complex, directly supporting the UAE Net Zero by 2050 coal or gas and will support economic growth while lowering Strategic Initiative. Working in close collaboration with our emissions customers and partners, ADNOC will continue to expand our natural gas capacity to deliver against our strategic objectives of Abu Dhabi – September 9, 2022: President His Highness decarbonizing our energy and power systems, ensuring UAE gas Sheikh Mohamed bin Zayed Al Nahyan and His Highness self-sufficiency and driving long-term and sustainable growth Sheikh Mohammed bin Rashid Al Maktoum, Vice President, for the UAE.” Prime Minister and Ruler of Dubai, have witnessed the signing ADNOC’s integrated gas masterplan links every part of the of a landmark gas sales agreement between Abu Dhabi National gas value chain to ensure a sustainable and economic supply of Oil Company (ADNOC) and Dubai Supply Authority (DUSUP). natural gas to meet the growing requirements of the UAE and international markets. The plan includes the application of new The agreement showcases the UAE’s commitment to progressive approaches and technologies to enable increased and competitive and pragmatic climate action and reinforces ADNOC’s role in gas recovery from existing fields as well as developing untapped enabling a responsible energy transition. resources and leveraging innovation to continually drive emissions’ reduction. The agreement will see ADNOC supply DUSUP with natural gas, Domestically produced natural gas is more commercially which will be used instead of clean coal for electricity generation competitive compared to imported coal or gas and it will support at Dubai Electricity and Water Authority PJSC (DEWA)’s IPP economic growth while lowering emissions when used as a (Independent Power Producer) Hassyan Power Complex, further subsitute for coal in power generation. reducing carbon emissions from the power generation process. ADNOC is a responsible provider of reliable, lower-carbon This supports the UAE Net Zero by 2050 Strategic Initiative and energy. In addition to the expansion of its gas operations, its plans to generate electricity from cleaner energy sources. ADNOC is growing its new energies business to capitalize on opportunities in hydrogen and renewables, while decarbonizing The agreement was signed at Qasr Al Watan by His Highness its operations as it embraces the energy transition and continues Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai to help meet global energy demand. Supreme Council of Energy and Director-General of DUSUP, The Hassyan Power Complex was initially built as a dual-fuel and His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister plant with the ability to operate full-time at full load on both of Industry and Advanced Technology and ADNOC Managing natural gas or clean coal but has been transformed to run only Director and Group CEO. on natural gas. Present net electricity generation capacity of Hassyan Power Complex is 1,200 megawatts (MW). A further The agreement signing ceremony was attended by H.H. Lt. 600 MW (net) is scheduled to be added in Q4 of 2022 and an General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime additional 600 MW (net) will be added by Q3 of 2023. • Minister and Minister of the Interior; H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court; H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation; H.H. Sheikh Khaled bin Mohamed bin Zayed, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, as well as a number of ministers and senior officials. H.H. Sheikh Ahmed bin Saeed Al Maktoum said: “This agreement supports the vision and directives of the wise leadership to turn Dubai into a carbon-neutral economy and provide 100% of Dubai’s total power generation capacity from clean energy sources by 2050. This agreement further strengthens energy cooperation between Abu Dhabi and Dubai, building on the foundations originally laid in 1998 and reinforced over the years, to expand the breadth and depth of our energy relations. While many countries around the world are returning to coal as 78

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NEWS - MENA International Maritime Industries Signs Eng. Soror Basalom, President, Bahri Logistics said: “We are Agreement with Bahri Logistics to Expand its delighted to have signed this agreement with our partner, IMI. Through our comprehensive portfolio of services and strong DStorage and Logistics Services track record of industrial logistics projects, we are confident in ammam, Saudi Arabia, 28 September 2022 – International our ability to fulfill IMI’s storage and logistics needs. Working Maritime Industries (IMI), the largest shipyard in the MENA with IMI to leverage our technical expertise and facilitate region, has signed a long-term agreement with Bahri Logistics, knowledge transfer and capacity building, we are proud to be one of Bahri’s business units, to enhance its supply chain through contributing to the development of the Saudi maritime industry state-of-the-art warehousing and logistics services. under Vision 2030.” IMI, a joint venture between leading industry partners Saudi The agreement supports IMI’s commitment to developing the Aramco, Bahri, Lamprell, and HHI, is the largest shipyard in the Saudi maritime industry and will further enable IMI to offer MENA region at nearly 12 million square meters. It provides new its customers a highly responsive localized supply chain that build and maintenance, repair, and overhaul (MRO) services for reduces risk, lowers costs, and speeds up response times. Dr. commercial vessels, including VLCCs, Bulk Carriers, Offshore Abdullah Al Ahmari, Chief Executive Officer of IMI, and Eng. Support Vessels, and Offshore Jackup rigs. • Soror Basalom, Bahri Logistics President signed the agreement during Saudi Maritime Congress 2022 taking place in Dammam from 28-29 September. Under the agreement, IMI will leverage Bahri Logistics’ Formula 2 and Formula 3 partner with Aramco to expertise to operate and manage three warehouses and a total pioneer low-carbon fuels from 2023 of 33 stores across its yard in Ras Al Khair, Saudi Arabia. In addition, Bahri Logistics will handle the transportation of Formula Motorsport Limited (FML) have today signed a materials required for new build and maintenance, repair, Memorandum of Understanding (MoU) with Formula 1 and overhaul (MRO) operations from local and international Global Partner, Aramco, to introduce the use of sustainable suppliers to IMI’s premises, including inland transportation and fuels in both championships from 2023. It demonstrates how customs clearance. the FIA Formula 2 and Formula 3 Championships are pioneers The three warehouses will cover a combined area of around in this important area of development, while continuing to 30,000 square meters – including storage and workshop areas – bring the FIA Formula One World Champions of the future and will be located in Zones C and D of IMI’s yard, which focuses through the single-seater pyramid. on new-build activities for commercial vessels and offshore jackup rigs and lift boats. The 33 stores will be distributed across various yard zones. Bahri Logistics will design, install, and manage the day-to-day operations of all the storage systems. Dr. Abdullah Al Ahmari said: “We are pleased to sign this By 2026, all FIA Championships will be required, by agreement with Bahri Logistics and further our partnership regulation, to power their cars with 100% sustainable fuels. with Bahri, a global leader in transport and logistics and one of A key milestone in the journey will be the introduction of a 100% our four founding JV partners. This agreement reflects Bahri’s sustainable fuel from the 2026 F1 season, alongside the next ongoing commitment to supporting our efforts to build a world- generation hybrid power units. class shipyard with an advanced and fully integrated supply chain, that will help drive the development of Saudi Arabia’s maritime industry. IMI is built on a foundation of key partnerships with leading industry companies, and working with a leading logistics provider such as Bahri Logistics further enhances our strong product and service offerings.” • Motor sport continues through these innovations not only to promote, but also to be at the forefront of the creation of the multiple technologies that will play a critical role in the future of the entire transportation industry. Aramco is working on the development of sustainable fuels as a “drop-in” technology, meaning they could be rolled out to the world’s existing automotive fleet — helping to reduce global transport emissions. • 80

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NEWS - MENA Aramco CEO: Urgent global consensus required to On the need for the world to unite behind a credible new energy concurrently address climate priorities and energy transition plan, Mr. Nasser said: security challenges “As the pain of the energy crisis sadly intensifies, people around the world are desperate for help. In my view, the best help Aramco President and CEO Amin H. Nasser highlighted the that policymakers and every stakeholder can offer is to unite need for a much more credible energy transition plan, as he the world around a much more credible new transition plan, delivered a keynote speech at the Schlumberger Digital Forum driving progress on the three strategic pillars I have outlined today. this morning... That is how we deliver a more secure and more sustainable energy future.” • During the event, he stressed the importance of achieving a new global consensus on the way forward, and outlined three strategic pillars that should be central to the response. The pillars are: Historic ‘Algiers Accord’ reaches six years • A recognition by policy makers and other stakeholders that The Organization of the Petroleum Exporting Countries supplies of ample and affordable conventional energy are (OPEC) today marks the sixth anniversary of the adoption still required over the long term; of the landmark ‘Algiers Accord’ on 28 September 2016 in • Further reductions in the carbon footprint of conventional Algiers, Algeria. energy, and greater efficiency of energy use, with technology enabling both; • New, lower carbon energy, that steadily complements proven conventional sources. Highlighting the consequences of a flawed transition plan, Mr. Nasser said: “When you shame oil and gas investors, dismantle oil- and coal- Six years ago, the OPEC Conference held its 170th fired power plants, fail to diversify energy supplies (especially (Extraordinary) Meeting in the Algerian capital to discuss oil gas), oppose LNG receiving terminals, and reject nuclear power, market developments and deliberate ways to address the severe your transition plan had better be right. Instead, as this crisis market imbalance. Among the key decisions taken was the has shown, the plan was just a chain of sandcastles that waves establishment of a high-level committee mandated to develop a of reality have washed away. And billions around the world now framework for consultations between OPEC and non-OPEC oil- face the energy access and cost of living consequences that are producing countries. likely to be severe and prolonged.” These pivotal decisions eventually led to the signing of the ‘Vienna On the importance of greater investment in the oil and gas Agreement’ at the 171st Meeting of the OPEC Conference on 30 sector, Mr. Nasser said: November 2016 and the historic ‘Declaration of Cooperation’ (DoC) between OPEC and non-OPEC participating countries on 10 December of the same year in Vienna, Austria. In reflecting on the anniversary, HE Haitham Al Ghais, OPEC Secretary General, said: “The signing of the ‘Algiers Accord’ signifies an important moment in the history of the global oil industry, as it laid the foundation for what later became an unprecedented framework of cooperation between OPEC Member Countries and non-OPEC oil-producing countries, known as the ‘Declaration of Cooperation’. “A fear factor is still causing the critical oil and gas investments “Through our collective efforts, the 23 countries participating in large, long-term projects to shrink. And this situation is not in the DoC have together supported oil market stability in the being helped by overly short-term demand factors dominating interest of all producers, consumers, investors and the global the debate. Even with strong economic headwinds, global oil economy at large for almost six years. There is no doubt that we demand is still fairly healthy today. But when the global economy would be in a different situation if not for the pivotal decisions recovers, we can expect demand to rebound further, eliminating taken in Algiers in 2016,” the Secretary General added. the little spare oil production capacity out there. And by the time Earlier this month, the Organization marked the 62nd the world wakes up to these blind spots, it may be too late to anniversary since its founding in 1960 in Baghdad, Iraq, by the change course. That is why I am seriously concerned.” five Founder Members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. OPEC is currently made up of 13 Member Countries. 82

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Racing the Future: Mercedes-AMGF1 and pathway to responsibly provide the sports and our customers PETRONAS Power Towards Two Decades of with energy that is cleaner and more sustainable. Partnership and Embrace F1’s Sustainable Future “Given the accumulated experience as a team over the last decade, and the technical capabilities and expertise sourced KUALA LUMPUR, 28 September 2022 – The Mercedes-AMG from our combined talents, PETRONAS looks forward to PETRONAS F1 Team is delighted to announce today the charting the next chapter with a focus on advanced sustainable renewal of the Title and Technical Partnership between the team fuel for Mercedes and its customer teams. Together with our and progressive energy group, PETRONAS from the 2026 season partners, PETRONAS will keep pushing boundaries with our onwards. Not only will this renewal power the partnership Fluid Technology Solutions™ through innovative offerings. At towards two decades of success at the pinnacle of motorsport, the heart of our efforts will be sustainability - as we all progress but it also signals a commitment to a more sustainable future – towards a lower-carbon future,” he added. • and the determination to excel in the exciting technical challenge presented by the 2026 power unit regulations. The partnership Yinson Recognised as One of Malaysia’s Best extension was announced today in Kuala Lumpur, Malaysia at Managed Companies 2022 By Deloitte the iconic PETRONAS Towers. Yinson Holdings Berhad is a winner of Malaysia’s Best Managed Companies for 2022, sponsored by Deloitte Private. Yinson was one of 11 Malaysian companies to receive the prestigious award, which recognises organisational success and achievement. “Today we are doing something a little bit unusual – announcing a partnership that will begin in four years’ time. This sends an important message: our team and PETRONAS are no longer just partners, we are family, and we will be one team for many more years to come,” said Toto Wolff, CEO and Team Principal. “From 2026, advanced sustainable fuel will be at the heart of Winners are selected by an independent jury that evaluates F1 performance – and this gives us a fantastic opportunity to organisations based on their demonstration of business acumen demonstrate our expertise in this domain, through both the in decision making that enables sustainable growth for their power unit and PETRONAS Fluid Technology Solutions™. We stakeholders and communities. are excited to be racing into the future alongside PETRONAS, with the ambition to set the standard once again, in our on-track performance and by pioneering the transition of a global sports team to a net-zero future.” Since 2010, the partnership has been founded on a shared The awards were presented at a grand ceremony at the Sunway ambition to achieve world-class performance. In the space Resort Hotel. A highlight of the awards ceremony was panel of nearly 13 seasons so far, we have won together eight sessions featuring the winners and ecosystem leaders, where constructors’ world championships and 115 Grand Prix victories meaningful insights were shared on the topics of strategy, – an achievement unmatched in F1. And this success has been innovation, governance, financials, culture and commitment. underpinned and enabled by continuous technical innovation. Yinson Group Chief Strategy Officer Daniel Bong, who was part Through this experience, PETRONAS develops class-leading of the strategy panel and received the award on the Group’s behalf, fluids for consumers around the world, namely PETRONAS expressed Yinson’s deep honour to be recognised alongside other Primax fuel, PETRONAS Syntium engine oil and PETRONAS distinguished companies globally. Tutela functional fluids. “The award, which is benchmarked against global standards for Datuk Tengku Muhammad Taufik, PETRONAS President and evaluating business strategies and operations, is a testament of Group Chief Executive Officer said, “What you are witnessing our efforts to develop organisational excellence and contribute today bears testimony to the shared conviction of both to the economies and communities where we operate. Our aim PETRONAS and the Mercedes-AMG PETRONAS F1 Team: that is to ensure that we continue to create sustainable value for our the synergy and shared ambition of both parties will deliver a stakeholders for years to come,” said Daniel. • 84



NEWS - ASIA PACIFIC EnergyQuarterly September 2022: Please coal, with a deficit of 11.0 PJ a year earlier. The deficit was met by don’t go just yet withdrawals from storage. • EnergyQuarterly September 2022: Please coal, don’t go just • Average Australian LNG prices in Q2 2022 were $17.88/GJ yet EnergyQuest has just released its September 2022 more than twice the level of $8.58/GJ in Q2 2021. EnergyQuarterly report with comprehensive analysis and data for the June Quarter, 2022 together with many statistics • EnergyQuest estimates Australia exported a record 82.6 Mt for July and into August. of LNG in the 12 months to 30 June 2022, well up on the 77.3 Mt in FY 2021 and beating the previous record set in FY 2020 • There seem to be energy crises all around the world at of 79.3 Mt. present, driven by freak weather, the Ukraine war, COVID and botched decarbonisation. Global gas prices have outrun • Australian conventional gas production increased significantly in oil on an energy-equivalent basis. We take a close look at what Q2 2022 thanks to the best result from the Gippsland Basin Joint is happening to prices, internationally and domestically. With Venture (GBJV) in almost five years and soaring production energy prices at eye-watering levels around the world, we from the domestic gas trains at Gorgon and the NWS. believe that Western Australia now has the lowest gas prices in the OECD. WEM electricity prices are also much lower than • Gas production by the east coast LNG industry decreased those in the NEM. in Q2 2022 to its lowest level in more than three years, but production remained slightly ahead of exports. • East coast wholesale spot electricity prices spiked, to an unprecedented average of $284/MWh in Q2, more than triple ONGC signs MoU with Chevron Corporation to the Q2 2021 average of $85/MWh, driven by coal outages, assess exploration potential in India higher international prices for coal and gas and fuel supply disruptions due to flooding. The strategic collaboration is a part of ONGC’s international outreach program of inviting global E&P companies for a • As a result demand for gas for power generation increased by suitable partnership to explore the frontier areas and geologically 29%, pushing up prices. The ABS Producer Price Index for challenging and difficult plays in Cat-I, II and III of Indian east coast gas, which also reflects contract prices, jumped by sedimentary basins. 51.8% in Q2 compared with a year previously. Santos’ east coast Mr Srivastava said on the occasion that Mr Luca and his domestic gas price in Q2 2022 was $9.24/GJ, 33.0% higher delegation’s visit to ONGC has been very productive. “We look qoq. Prices realised by other companies on the east coast were around $6.40-8.70/GJ – lower than the Santos’ price. STTM prices reached astronomical levels in Q2 with increases ranging from 233.4% in Wallumbilla to 299.3% in Melbourne. • The best way to reduce pressure on gas prices is to keep coal forward to deeper technical collaboration so that this agreement generation online until renewables catch up. gives value to both parties in the Indian sedimentary basin as well as outside,” he added. • This report take a deep dive into the latest ACCC Gas Inquiry Meanwhile, the visiting dignitaries underscored that the data Report, taking a detailed look at some of their numbers, seen so far were interesting though challenges will be there. “Once particularly some of the claims about volumes of uncontracted we get a better technical understanding, we can agree on specific gas exported. One of the myths of east coast gas is that there areas where ONGC-Chevron collaboration will give value to are large volumes of gas being exported, over and above long- both. In addition, Chevron New Energies also understands the term contracts, and these could be diverted domestically to importance of addressing climate change and investing in CCUS meet all excess demand without upsetting Australia’s trading (Carbon capture, utilization and storage) projects in order to partners. We cannot see the evidence. The other myth is that achieve innovative solutions for a lower carbon future,” Mr Luca east coast gas is super profitable. Most of the companies would said further. walk if they could get their money back. • Total east coast gas demand in Q2 (both export and domestic) The discussion between the two global oil majors took place in was 508.5 PJ (down by 1.1 PJ qoq), while supply was 496.9 relation to the G&G data viewing for assessing the prospectivity PJ (down by 1.7 PJ qoq), with a deficit of 11.6 PJ compared of a number of Indian sedimentary basins. • 86

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NEWS - ASIA PACIFIC PTTEP receives the Role Model Organization Energy Quarterly September 2022: Please Coal, Don’t go just yet PAward on Human Rights for four consecutive years TT Exploration and Production Public Company Limited EnergyQuarterly September 2022: Please coal, don’t go (PTTEP) led by Mrs. Natruedee Khositaphai (Left), Executive just yet EnergyQuest has just released its September 2022 Vice President, Strategy and Business Development Group EnergyQuarterly report with comprehensive analysis and data received the top tier award for 2022 Role Model Organization for the June Quarter, 2022 together with many statistics for July on Human Rights for the 4th consecutive year in the State and into August. Enterprise sector from the Department of Rights and Liberties Protection, Ministry of Justice. Mr. Somsak Thepsutin (Right), • There seem to be energy crises all around the world at Minister of Justice presented the honorable award at Miracle present, driven by freak weather, the Ukraine war, COVID Grand Convention Hotel, Bangkok. and botched decarbonisation. Global gas prices have outrun oil on an energy-equivalent basis. We take a close look at what PTTEP is committed to operate business by adhering to is happening to prices, internationally and domestically. With principles of good corporate governance, corporate social energy prices at eye-watering levels around the world, we responsibility, respecting diversity and fundamental human rights believe that Western Australia now has the lowest gas prices in in all operating areas. The company has established guidelines the OECD. WEM electricity prices are also much lower than for preventing human rights violations, instilled an awareness of those in the NEM. human rights among personnel, placed administrative measures to oversee business functions, and provided proper avenue and • East coast wholesale spot electricity prices spiked, to an process for stakeholders to voice their grievances. • unprecedented average of $284/MWh in Q2, more than triple the Q2 2021 average of $85/MWh, driven by coal outages, higher international prices for coal and gas and fuel supply disruptions due to flooding. • As a result demand for gas for power generation increased by 29%, pushing up prices. The ABS Producer Price Index for east coast gas, which also reflects contract prices, jumped by 51.8% in Q2 compared with a year previously. Santos’ east coast domestic gas price in Q2 2022 was $9.24/GJ, 33.0% higher qoq. Prices realised by other companies on the east coast were around $6.40-8.70/GJ – lower than the Santos’ price. STTM prices reached astronomical levels in Q2 with increases ranging from 233.4% in Wallumbilla to 299.3% in Melbourne. PTTEP organizes KM Week 2022, driving towards The best way to reduce pressure on gas prices is to keep coal Net Zero for sustainable growth generation online until renewables catch up. Mr. Montri Rawanchaikul (2nd from right), Chief Executive • This report take a deep dive into the latest ACCC Gas Inquiry Officer of PTT Exploration and Production Public Company Report, taking a detailed look at some of their numbers, Limited (PTTEP), together with Mrs. Natruedee Khositaphai particularly some of the claims about volumes of uncontracted (1st from right), Executive Vice President, Strategy and gas exported. One of the myths of east coast gas is that there Business Development Group of PTTEP, welcomed Dr. Phirun are large volumes of gas being exported, over and above long- Saiyasitpanich (2nd from left), Secretary General of Office of term contracts, and these could be diverted domestically to Natural Resources and Environmental Policy and Planning meet all excess demand without upsetting Australia’s trading (ONEP) and Mr. Wattanapong Kurovat (1st from left), Director partners. We cannot see the evidence. The other myth is that General of The Energy Policy and Planning Office (EPPO), east coast gas is super profitable. Most of the companies would Ministry of Energy to the opening ceremony of PTTEP walk if they could get their money back. Knowledge Management Week 2022 (PTTEP KM Week 2022). The conference is being held under the theme of “Sustainable • Total east coast gas demand in Q2 (both export and domestic) Growth towards Net Zero”, driving Net Zero Greenhouse Gas was 508.5 PJ (down by 1.1 PJ qoq), while supply was 496.9 Emissions initiatives and fostering sustainable growth. PJ (down by 1.7 PJ qoq), with a deficit of 11.6 PJ compared with a deficit of 11.0 PJ a year earlier. The deficit was met by PTTEP KM Week is organized annually since 1996 which withdrawals from storage. provides opportunities for staff, government agencies and academic institutions to exchange their knowledge and • Average Australian LNG prices in Q2 2022 were $17.88/GJ experiences in petroleum exploration and production, more than twice the level of $8.58/GJ in Q2 2021. • technology, and innovation. The conference and exhibition are held during 7-9 September 2022 at Centara Grand, Central Plaza Ladprao, Bangkok and via online platform. 88

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NEWS - ASIA PACIFIC Yinson Greentech Commences Construction CNPC launches a 300 MW grid-connected PV of Allelectric Cargo Vessel with Goal Zero generation project in Yumen Oilfield Consortium Partners On September 8, CNPC launched a 300 MW grid-connected Green technology solutions provider Yinson Green PV generation project in Yumen Oilfield. It is the third key Technologies Pte Ltd (“YGT” or the “Company”) together new energy project in this oilfield, following the operation of with its Goal Zero Consortium partners (“Goal Zero”), has the first medium- and long-distance hydrogen pipeline and the achieved an exciting milestone with the keel laying ceremony to commencement of the 200 MW PV power generation project in mark the start of the construction of the Hydromover - a fully Gansu Province. electric cargo vessel with swappable batteries. Located in Dongzhen Solar PV Park, Yumen, the construction The event was graced by Kenneth Lim, Assistant Chief Executive scale of the project is 300 WM, with an installed capacity of (Industry & Transformation), Maritime & Port Authority of 360 WM. After completion, it will generate 605.8 million kWh Singapore (“MPA”), at the shipyard of Lita Ocean Pte Ltd and of electricity annually, which can satisfy the annual demand of witnessed by fellow partners of Goal Zero and guests. The pilot 200,000 households. Providing 184,000 tons of coal equivalent vessel is on track to be launched by the second quarter of 2023 carbon-free energy annually, the project will reduce carbon and ready for commercialisation in the second half of 2024. dioxide emissions by 504,000 tons each year, equivalent to planting nearly 4.5 million trees. The project will be completed and connected to the grid for power generation on December 26. • The Goal Zero consortium posing together with Kenneth Lim, MPA Assistant Chief Executive of Industry & Transformation (eight from the right), at the keel laying ceremony for the Hydromover – the upcoming all-electric Developed by Goal Zero, the lightweight, 18.5m Hydromover CNPC co-initiated the “Come on! Baby” Project is able to carry cargo up to 25 tonnes (including batteries). to focus on the health of children from rural low- The vessel, being all-electric, has zero emissions and targets to achieve up to 50% operational cost savings due to improved Oincome families energy efficiency and lower maintenance costs. Its battery, when n September 2, the launch ceremony of the “Come on! Baby” depleted, can be easily swapped within minutes to minimise project was held in Beijing, jointly initiated by CNPC, the operational downtime. It will also be equipped with advanced China Foundation for Rural Development (CFPA) and the Ant vessel management system to provide seamless control to the Foundation . crew as well as state-of-the-art sensors to enable future readiness of autonomous operation. The Hydromover was Goal Zero’s submission, and one of the Targeting children from newborns to 14-year-olds, this project is three winning proposals announced by MPA and the Singapore intended to reduce the incidence of poverty caused by children’s Maritime Institute (“SMI”), to develop and commercialise an illness and accidents in low-income rural families, and to help all-electric cargo vessel with interoperable swappable battery improve and enhance the health of children in underdeveloped infrastructure solutions. The call for proposals had attracted areas, by providing comprehensive insurance for items such participation from 73 companies and 10 institutes of higher as inpatient healthcare, healthcare related to specific diseases learning. The consortiums with the winning proposals were and accidents. Adopting the mechanism of “Internet + Public given five years to launch their pilot vessels. welfare + Insurance” and innovative blockchain technology, this YGT spearheads the Hydromover’s overall programme project has achieved full coverage, complete transparency and management and commercialisation, while Seatech Solutions comprehensive tracking. International Pte Ltd (“Sertich”) leads Goal Zero in vessel The project is an innovation for enterprises to carry out charity design and system integration. They are joined by Shift Clean programs teaming up with non-governmental organizations Energy as battery technology partner; Rina Hong Kong Limited and network platforms. Leveraging the brand advantages Singapore Branch as classification society; Singapore Institute of enterprises, the professionalism of organizations and the of Technology and Technology Centre for Offshore and Marine influence of network platforms, it maximizes the participation of Singapore developing the operational profiles of different the public as well as the benefit of the program in underdeveloped harbour craft types through digital twinning of the Hydromover. areas. • 90

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NEWS - ASIA PACIFIC PETRONAS Strengthens Collaboration with Japan term development plans for the country to simultaneously meet to Pursue Carbon Neutrality by 2050 its energy needs while transitioning to a low carbon future. • PETRONAS has signed a Memorandum of Cooperation Mubadala Energy Launched (MoC) with the Ministry of Economy, Trade and Industry of Japan (METI) as well as a Memorandum of Understanding • New brand for Mubadala Petroleum in line with its 2030 (MoU) with Japan Bank for International Cooperation (JBIC), strategy to play a key role in the energy transition to collaboratively pursue mutual sustainability goals of achieving carbon neutrality by 2050. • Mubadala Energy will expand across the gas value chain, while exploring investment opportunities in new energy The signing of the documents took place on 26 September 2022 sectors such as blue hydrogen and carbon capture. on the sidelines of the Asia Green Growth Partnership Ministerial Meeting (AGGPM) in Japan. PETRONAS President and Group CEO Datuk Tengku Muhammad Taufik signed on behalf of PETRONAS, while METI was represented by its Commissioner, Agency for Natural Resources and Energy Hosaka Shin and JBIC by its Governor Hayashi Nobumitsu. The MoC with METI aims to enhance the cooperation between PETRONAS and Japan in the development as well as utilisation of energy sources and technologies to achieve pragmatic energy transition. The MoU with JBIC focuses on expanding and enhancing bilateral cooperation between PETRONAS and Japanese companies in projects undertaken by PETRONAS globally in a The new brand reflects a fresh strategic direction which will see Mubadala Energy build on its contribution to the energy transition by expanding its gas-weighted portfolio in areas such as LNG while exploring new energy sectors including blue hydrogen and carbon capture. The strategy also sees a strategic focus on decarbonizing the business while driving innovation and technology across all operations. variety of sectors including value chain development of hydrogen Commenting on this key milestone, Musabbeh Al Kaabi, Chief and ammonia, renewable energy, carbon capture and storage Executive Officer of UAE Investments at Mubadala Investment (CCS), and green mobility. Company and Chairman of Mubadala Energy, said: “Mubadala The MoC and MoU are expected to facilitate investment Energy has earned its place as a major player on the international and financing, and also enhance technical collaboration and energy stage. This new brand identity accurately reflects the competencies in low-carbon technologies in the region. business in its next phase of growth aligned with the energy In his speech at AGGPM, Datuk Tengku Taufik said, “Japan transition through a gas-weighted portfolio and an increased has been our trusted and valued partner since the days of our focus on more sustainable energy sectors.” first LNG exports in the early 1980s, and this partnership has expanded to include new areas of collaboration in the clean Mansoor Mohamed Al Hamed, CEO, Mubadala Energy, energy space. PETRONAS is pleased to continue further commented: “We are tremendously proud of what we have strengthening our ties through this collaboration with METI and achieved since we were founded ten years ago. But today is the JBIC in pursuing green growth for Asia towards a just energy right time to signal our focus on energy transition through a transition.” bold new brand. We are building on a track record which has He added that stronger collaboration and partnership, including seen significant growth through an expanding gas portfolio, and better access to technology and financing, are key to achieve an with our deep capabilities and strong partnerships around the effective and balanced energy transition. world we are well positioned to embark on a new chapter in our The collaboration is timely in view of Malaysia’s recently story as Mubadala Energy.” launched National Energy Policy (NEP) which outlines long- Making the change in its tenth year of operations, the company has continued to grow and now spans eleven markets, employing over 500 people. This year Mubadala Energy also reached the significant production milestone of 500,000 barrels of oil equivalent a day (boed) for the first time in its history, marking a 22 per cent increase in production from 2021. • 92

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NEWS - ASIA PACIFIC Western Australia Low Energy Price “Paradise” ONGC signs 6 Contracts for Discovered Small E OFields in Offshore during DSF-III, 2 Contracts nergy Quest has just released its September 2022 Energy under CBM bid round-2021 Quarterly report. One of our findings is that with energy prices at eye-watering levels around the world, we believe that NGC has signed 6 contracts for Discovered Small Fields Western Australia now has the lowest gas prices in the OECD. (DSF) in the Offshore under DSF-III bid round, with 3 In Q2 US Henry Hub prices in the U.S. averaged A$9.48 per each for fields in the Arabian Sea and Bay of Bengal. The Energy gigajoule (GJ) and the UK National Balancing Point price Maharatna also signed 2 contracts for Fields under Special CBM averaged A$28.93/GJ. Most European prices are similar to UK Bid round-2021 blocks in Jharkhand and Madhya Pradesh. prices. Most North Asian prices are based on LNG imports. The contracts were exchanged in the presence of Hon’ble Minister of Petroleum & Natural Gas Hardeep Singh Puri, by ONGC CMD Rajesh Kumar Srivastava on 9 September 2022 in New Delhi. Petroleum Secretary Pankaj Jain, DG DGH SCL Das, Joint Secretary (Refineries) Sunil Kumar, and ONGC Director (Offshore) Pankaj Kumar were also present. Joint Secretary (Refineries) Sunil Kumar and ONGC CMD RK Srivastava along with the signed contracts Canadian prices follow Henry Hub. In Q2 Santos average WA gas price was A$5.73/GJ and the WA spot price from gasTrading was A$5.54/GJ. Wholesale gas prices increased by 5.0% qoq in Q2 compared to 52% on the east coast. Consumer gas prices as measured by the CPI increased by an annual 1.1% in Q2 2022 in Perth, compared with 6.4% nationally. Woodside’s average price for selling domestic pipeline gas spiked from A$3.53/GJ in Q2 2021 to A$13.72/GJ in Q2 2022, reflecting the merger with BHP Petroleum. A year ago Woodside only sold domestic gas in WA. It’s average domestic gas price now includes sales from Gippsland and the Gulf of Mexico. Addressing the gathering on the occasion, Union Minister said that in the global conversation on energy, it is unanimously Furthermore, WEM electricity prices averaged $64/MWh in agreed that India will drive the global energy demand within the Q2 compared to $284/MWh in the NEM. At these prices you next two decades. “One big change in the energy narrative is that would expect energy-intensive manufacturing industries to be even global economic superpowers are cutting down their energy falling over themselves to either expand existing WA operations consumption. India has navigated its fuel crisis reasonably well or open new plants there. Alas, despite the best efforts of the WA amid the global price rise. The government is keen to further Government, it does not appear to be happening. The WEM is ease the challenges of doing business, especially in the energy also less emissions-intensive than the NEM. In Q2 coal was only industry. The opportunity will be showcased again in the India 38% of WEM generation and renewables was 27% compared to Energy Week launched today,” he added. 59% and 22% respectively in the NEM. • Reiterating Hon’ble Minister’s points, Mr Jain asserted that India’s share in global energy consumption is going to rise from WEM ELECTRICITY PRICES 7% in 2019 to 13-14% in 2050. He said that the government has now opened up No-Go areas in Exclusive Economic Zones (EEZs) for exploration and production and this will enable 1 million sq km of acreage to come to come under exploration. $64/MWh in Q2 He also informed that the government is taking initiatives to manage the demand side by increasing the efficiencies of energy systems. “India is undergoing a transition in energy. Gas is a COMPARED TO transition fuel. We are also moving towards bio-fuels, renewables and hydrocarbons.” • $284/MWh in the NEM

Subsea 7 Awarded Contract Offshore iso 12944 Australia extreme environments demand Subsea 7 today announced the award of a large1 contract to Subsea Integration Alliance2 by superior protection Woodside, as Operator for and on behalf of the Scarborough Joint Venture3, for the Scarborough a film galvanising system for off-shore, oil & gas project, located approximately 380km offshore North West Australia. underground pipelines drilling platform The project work scope covers the engineering, procurement, construction, and installation (EPCI) before after of subsea pipelines and production systems. The development will include 45 kilometres of rigid egYpt: romania: flowlines, six flexible flowline risers, 42 kilometres of The General Petroleum Company OMV Petrom umbilicals and eight trees, as well as associated subsea equipment, in water depths of approximately 950 pipelines ship loaders metres. The Subsea Integration Alliance team established thailand: togo: during the initial front-end engineering and design IRPC Petrochemical Complex Phosphate Mine Offshore Charging (“FEED”) phase, awarded in January 2019, will now transition into the full EPCI phase. Project management immersed pier legs sea BuoYs and engineering will take place in Perth, Australia, with support from Subsea 7’s Global Project Centre’s offices in Malaysia, UK and France and various OneSubsea® offices. Offshore activities are targeted to take place from 2023 to 2025 using Subsea 7’s reel-lay and flex- lay vessels. Olivier Blaringhem, CEO Subsea Integration Alliance said: “This award is the result of a strong and collaborative early engagement process with Woodside, working with a high level of transparency and cooperation during the pre-tender and FEED phases. It demonstrates the potential value of Subsea Integration Alliance and its optimised and integrated offering capacity. We look forward to working with Woodside to deliver the project successfully and safely while maximising the client’s production objectives.” David Bertin, Vice President for Subsea 7 Global Projects Centre and Asia Pacific said: “We are proud to be awarded this contract by Woodside. This builds on our long-standing relationship with the client and our successful track record of projects executed offshore Australia. Our local office in Perth will be supported by Subsea 7’s Global Projects Centre, underlining the strength and breadth of our project management capabilities and the capacity to deliver complex projects worldwide.” • ireland: uruguaY: Killybegs Pier Armada Buoy www.zinga.eu OFF_MEI2015_EN zingametall bvba Sprl industriepark t. +32 9 385 68 81 rozenstraat 4 [email protected] 9810 eke (Belgium) www.zinga.eu

NEWS - AFRICA Nigeria, Morocco Gas Pipeline Kicks Off …As Signing the MoU with the NNPC GCEO were Dr. Amina NNPC, ONHYM, ECOWAS Sign MoU In Morocco Benkhadra, Director General of Morocco’s National Office for Hydrocarbons & Mines (ONHYM) signed on behalf of her Nigeria and Morocco have recorded a major boost in gas country and Mr. Sediko Douka, the ECOWAS Commissioner infrastructure development with the recent signing of a for Infrastructure, Energy & Digitalization signed on behalf of Memorandum of Understanding (MoU)with the Economic the sub-regional organization. • Community of West African States (ECOWAS). The 5,600km Nigeria-Morocco Gas Pipeline (NMGP) project is aimed at The President of the Republic of Congo Denis monetizing the nation’s abundant gas resources. Sassou Nguesso meets Eni CEO Claudio Descalzi Brazzaville (Republic of Congo), 1 October 2022 - The President of the Republic of Congo, Denis Sassou Nguesso, met Eni’s Chief Executive Officer Claudio Descalzi in Brazzaville today, to discuss the Company’s main business activities in the country, as well as other innovative initiatives, in line with the company’s commitment to a just energy transition. The Minister of Hydrocarbons, Bruno Jean Richard Itoua, also attended the meeting. At a ceremony held at Hotel Sofitel, Rabat, Moroccan Capital, Mr Sassou Nguesso and Mr Descalzi focused on the progress the two countries and ECOWAS executed the MoU on the made towards the valorisation and commercialisation of the project, with a firm commitment to ensure a smooth take-off and country’s gas resources, which will enable the export of around 1 sustainability of the project due to its great economic value to the billion cubic metres of gas in the winter of 2023-2024 and up to entire sub-region. 4.5 billion per year from winter 2024-2025 onwards through the Signing the agreement on behalf of Nigeria, the Group Chief use of floating LNG facilities. Executive Officer of NNPC Ltd, Mallam Mele Kyari, described The President and CEO then discussed the agri-feedstock the development as a very important milestone in the history of initiatives launched in Congo, based on the cultivation of castor the Nigerian Oil and Gas Industry, noting that the government and other oilseeds for biorefining. The initiative leverages of Nigeria and Morocco stand to benefit immensely from the abandoned or degraded land, so as to avoid competing with the execution of the project, which extends beyond the supply of gas food chain. The start-up of the first agri-hub for vegetable oil to energizing the countries along the route. production is planned for 2023, with a capacity of 30,000 tonnes/ “Some of the benefits include: creation of wealth and year, thus achieving 170.000 tonnes/year in 2026 and 200.000 improvement in standard of living, integration of the economies tonnes/year by 2030, delivering significant economic and social within the region, mitigation against desertification and other developments for rural communities. Expected impacts include benefits that will accrue as a result of reduction in carbon income generation for more than 5,000 households in 2023, emission,” Kyari added. rising to 100,000 by 2030. Kyari said that NNPC Ltd is well positioned to progress the Studies are also underway to implement Natural Climate project by leveraging on its experience and technical capabilities Solutions projects in forestry, in synergy with agri-feedstock ranging from gas production, processing, transmission and initiatives. These will generate carbon credits and positive social marketing as well as its vast experience in executing major gas and economic impacts for local communities while promoting infrastructure projects in Nigeria. biodiversity conservation. The project when completed will supply about three billion The parties also took stock of the upcoming project to distribute standard cubic feet of gas per day (3bscfd) along the West improved cookstoves, which will replace traditional biomass African Coast from Nigeria, Benin, Togo, Ghana, Cote d’ Ivoire, devices, significantly reducing the impact on forests and enabling Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal carbon credits generation. Local businesses will be involved in and Mauritania to Morocco. the manufacturing of high-efficiency stoves, thus promoting Conceived during the visit of King Mohammed VI of Morocco local entrepreneurship and ensuring economic development. to Nigeria in December 2016, the NMG Pipeline will originate Finally, the parties discussed of the main projects contributing to from Brass Island (Nigeria) and terminate at North of Morocco, the achievement of the United Nations’ Sustainable Development where it will be connected to the existing Maghreb European Goals, including the Hinda Integrated Project, which provides Pipeline (MEP) that originates from Algeria via Morocco to access to water, medical care and education to some 25,000 Spain. beneficiaries. A new project will provide support to technical and vocational schools in the Departments of Pointe Noire and Plateau to improve training, with the aim of promoting job creation for young people. • 96

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NEWS BRIEF Tata Power to Create India’s Most Comprehensive lie ahead in the coming decades.” Renewable Energy Platform Anne Valentine Andrews, BlackRock’s Global Head of Real Assets, said: “We are pleased to invest alongside Tata Power in this well diversified The Tata Power Company Ltd. (“Tata Power”) and BlackRock Real and vertically integrated renewables business. With one of the largest Assets-led consortium, including Mubadala Investment Company portfolios of solar and wind assets in the country and a very experienced (“Mubadala”), have entered into a binding agreement to invest in Tata management team, Tata Power Renewables is at the forefront of Power’s renewable energy subsidiary, Tata Power Renewable Energy India’s ambition to secure greater energy stability for its citizens while Limited (“Tata Power Renewables”). BlackRock Real Assets, together positioning its economy for a low carbon future. India’s success in with Mubadala, shall invest US$ 525 million (Rs 4,000 crore) by way of transitioning its energy economy will be crucial to the world’s ability to equity / compulsorily convertible instruments for a 10.53% stake in Tata meet its climate goals.” Power Renewables, translating to a base equity valuation of US$ 4.46 Khaled Abdulla Al Qubaisi, Chief Executive Officer, Real Estate and billion (Rs 34,000 crore). The final shareholding will range from 9.76% Infrastructure Investments at Mubadala, said: to 11.43% on final conversion. “As a responsible investor, Mubadala is focused on renewable energy This newly created platform will consist of five distinct businesses in multiple markets, so we are delighted to invest in Tata Power delivering long-term, customer orientated solutions. It will house all Renewables to support energy transition efforts in India in partnership renewable energy businesses of Tata Power including those in: Utility with Blackrock Real Assets. With a proven track record of green and Scale Solar, Wind & Hybrid Generation assets; Solar Cell & Module clean energy generation and an experienced management team, Tata Manufacturing; Engineering, Procurement and Construction (EPC) Power is one of India’s largest integrated power companies and is well contracting; Rooftop Solar infrastructure; Solar Pumps and Electric positioned to support the country’s energy independence and transition. Vehicle Charging infrastructure. The broad-based portfolio of assets We are proud to show our ongoing commitment to India with this ensures diversified yet stable revenue sources including 25-year fixed- investment and look forward to working with Tata Power to capitalize price PPAs for grid connected utility scale projects. on the growth opportunities ahead.” Tata Power Renewables is one of the largest renewable energy The first round of capital infusion is expected to be completed by companies in India. Its vertically integrated operations currently have June 2022 and the balance funds will be infused by end of calendar approximately 4.9GW of renewable energy assets. year 2022. Moelis & Company is the financial advisor to Tata Power, The proposed investment is expected to fund Tata Power Renewables’ while JP Morgan is the financial advisor to BlackRock Real Assets. Cyril aggressive growth plans. Over the next five years, Tata Power Amarchand Mangaldas & Co are legal advisors to Tata Power while Renewables aims to achieve a portfolio of over 20GW of renewables Slaughter & May and AZB Partners are legal advisors to BlackRock Real assets and a market leading position in the rooftop and electric vehicle Assets. • charging space across India. India is one of the world’s largest renewable energy markets and has PETRONAS Achieves First Hydrocarbon From recorded the fastest growing renewable energy supply with over 60% Bukit Tua Phase-2B Project in Indonesia new capacity added over the past four years. Its installed renewables capacity is expected to grow from 150GW currently to 500GW by PC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, has 2030, to satisfy India’s local energy demand driven by GDP growth achieved its first hydrocarbon in the successful drilling of the Bukit and contribute to the government’s decarbonization ambition, as well Tua Phase-2B’s BTJTB-T2 well located within the Ketapang Block, as support the macro energy transition trends in Asia and around the offshore East Java, Indonesia. world. The BTJTB-T2 well was spudded on 30 September 2021 and drilled Dr Praveer Sinha, CEO and Managing Director, Tata Power Company with a target depth of 1,890 metres. This milestone is part of the fourth Limited commented: development project after Bukit Tua Phase 1, Phase 2A and Phase 3. The project aims to produce 12,500 barrels of oil equivalent (boe) per day “Tata Power Renewables is an industry leader with a broad and deep and 30 million standard cubic feet (mmscf) of gas per day through five portfolio of next-generation renewables businesses well placed to scale development wells. up rapidly based on its strong and consistent performance over the PETRONAS Executive Vice President and Chief Executive Officer of years. I am delighted to welcome BlackRock Real Assets and Mubadala Upstream, Adif Zulkifli said, “As a progressive energy and solutions to join us to take the renewables business to the next level of growth. partner, this achievement demonstrates our commitment to deliver The collaboration will support us to pursue exciting opportunities that safe and reliable supply of energy to Indonesia. The Bukit Tua Phase-2B project’s first hydrocarbon will play an important role in contributing to Indonesia’s target to achieve one million barrel of oil per day by 2030.” PCK2L President Director, Yuzaini Md Yusof, said, “We are proud of the positive results as well as the full commitment from all parties that led us to this achievement. We thank SKK Migas, the local authorities and our partners for their tremendous support throughout the project. PETRONAS is the operator of the Ketapang Block and holds 80 percent participating interest through its two subsidiaries, PC Ketapang II Ltd and PETRONAS Carigali (Ketapang) Ltd, while the remaining 20 percent is held by PT Saka Ketapang Perdana. PETRONAS is also the operator in the North Madura II PSC offshore East Java and a joint venture partner in six other Blocks located both onshore and offshore in the areas of Sumatera, Natuna Sea, East Java, and as well as West Papua. •

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