Crisis after crisis, the oil and gas industry has recovered and reinvented itself through innovation. Will this crisis help organisations consider how the sector might fundamentally reshape right across the value chain?
A weaker returns profile plagues oil and gas, and the pathway out of a financial crisis is unclear. Anecdotally, industry commentators expect the market to improve to an extent – but slowly. Industry players must adapt to stay relevant. Some governments will assess economic stimuli with a greener focus or even tie sustainability commitments to rescue packages.
Due to the high running and maintaining operations costs, refiners will need to make significant decisions about their capital expenditure requirements and when to schedule turnarounds. Juggling these priorities is proving difficult. Many office staff work from home, while numbers working on offshore platforms have been cut to allow social distancing.
Countries and operators have implemented production shut-ins with global oil storage nearing capacity. Economics of field development plans will be impacted, bringing forward, in some cases, cessation of production, altering security requirements and hastening the demise of some fields. These short-term decisions will be complicated by longer-term uncertainties around oil demand and the extent and timing of recovery, making investor narrative challenging for some refiners.
Our services cover contractor choice, construction methodology, site supervision, programming and planning, contract management, quality control and safety. In addition, we can extend our project management service to cover the entire lifecycle of the project from concept to commissioning.
The Client sought out BMT specialists to identify the risks, uncertainties and the potential cost/liability exposure of a bulk chemical storage terminal in the Philippines - as well as the costs of the associated mitigations.
BMT prepared a business plan for the new offshore multi-user port development in Abu Dhabi, involving staged construction of facilities from initial operations in 2010 to full development by 2028.
BMT was appointed by Vopak Yang Pu, Hainan Storage Terminal to provide consultancy services on all matters relating to the marine facilities for the terminal development.
BMT assisted in the development of offshore oil facilities on Pulau Busing Island, off Singapore's busy south coast. The work was motivated by the increasing costs of oil, and the BMT team was in place to assess a total engineering design and project management consultancy for four new jetties.
Vitol Tank Terminal International BV is involved in the provision of bulk liquid storage facilities. BMT was appointed as Project Management Consultant (PMC) for a terminal expansion project.
Wilmar Myanmar Port Terminals (Thilawa) limited intends to construct a modern multi-purpose international jetty at the Thilawa port. Contractor Penta-Ocean Construction Co. Ltd had appointed BMT to provide professional engineering services for this project. As part of engineering services, mooring assessment for proposed jetty structure has been carried out.
BMT's objective was to aid the client in putting in place a HSSE management system based on scientific principles, as welll as discourage variant HSSE practices across the companies managed by the corporation.
BMT was commissioned by International Finance Corporation (IFC) to review the environmental and social management system (ESMS) of Guangzhou Development Industry Holding Co. Ltd. (GDIH), a subsidiary of IFC.
BMT was appointed to prepare the layout of two jetties at its Petroleum Storage Terminal at Banyan Basin, Singapore.
BMT was appointed to deliver the complete engineering design and project management consultancy services for four jetties of Van Phong Bonded Petroleum Terminal in Vietnam.
BMT carried out the conceptual design of the MOLF, covering geotechnical and marine structural engineering design activities, as well as a number of specialist studies and surveys needed for adequately evaluating the options available.
BMT was invited by a global financing and development institution to conduct a cumulative risk assessment of its three major industrial facilities in Nansha, Pearl River Delta and to review its industrial hazard risk management system.
To facilitate client's fire services submission and approval by Fire Services Department
Singapore Office of the American Bureau of Shipping (ABS), commissioned BMT to undertake a Quantitative Environmental Risk Assessment to determine the risk posed by a newly-installed buried aviation fuel pipeline within a military facility.
BMT delivered engineering review and project management of the jetty for Vopak Zhangjiagang Terminal in China, during its early development phase.
We offer an extensive range of tailored management tools and techniques to help make better decisions about your marine, energy and defence assets.
Our analysis and guidance at the design stage can help you achieve the best possible performance from your assets.
Our integrity management services help to determine whether assets are operating as designed, reducing potential downtime and minimizing risk.
We apply engineering technical expertise to various asset integrity assurance and management programs, assisting you in meeting and exceeding industry standards, codes, and regulations.
Use the BMT SLOOP simulation software to construct an oil and gas field model or process, then simulate the operation over time.
As emerging leaders in the field of climate change resilience and adaptation, we work across a broad range of sectors, including state and local government agencies, critical infrastructure, finance, health, defence, and security.
The ability to accurately monitor the performance and impact of abandoned or deteriorating assets is essential during their decommissioning.