Saturday, October 21, 2017

Rule Changes to Spur French Wind Power Projects Within Months

France will propose rule changes within six months that will remove administrative hurdles and speed the development of onshore wind power projects, its junior ecology minister said. France, which depends on nuclear power for over 75 percent of its electricity needs, plans to ramp up the development of renewable energies during the five-year term of President Emmanuel Macron so as to reduce its dependence on atomic power. Lagging its European peers, France plans to increase installed wind capacity to 15 GW by the end of next year from 12.3 GW as of June…

Siemens Gamesa Announces Board Reshuffle

Siemens Gamesa announced on Friday a major reshuffle of its board, following a Reuters report about investor concerns about the way Siemens is managing the Spanish-based wind power joint venture. Alarmed by a second profit warning last week, Iberdrola representatives had called for significant changes at the top of Siemens Gamesa during a board meeting on Friday, two people with knowledge of the matter said earlier.     Reporting by Tom Sims

Vattenfall Building Denmark's Largest Offshore Wind Farm

Swedish state-owned Vattenfall said on Friday it had started construction on Denmark's largest offshore wind farm in the North Sea, able to power 425,000 households. The 406 MW Horns Rev 3 wind farm will consist of 49 8.3 MW-turbines delivered by MHI Vestas, a joint venture between Vestas and Mitsubishi Heavy Industries. "Horns Rev 3 is the first of three offshore farms that Vattenfall will construct in Denmark in the coming years," said head of Vattenfall's wind division Gunnar Groebler.

SEA-3250-LT: Innovation in Offshore Wind Installations

The SEA-3250-LT is a dedicated low CAPEX wind turbine installation solution for the emerging U.S. offshore wind market. (Image: GustoMSC)

GustoMSC is targeting the burgeoning U.S. offshore wind energy market with an innovative jack-up design that it claims will help to reduce risk and increase efficiency when installing units offshore: the SEA-3250-LT installation jack-up. Designed to be a safe, stable and solid platform to lift these heavy, delicate components to heights of more than 426 ft (130 m) in an area where technicians are performing assembly tasks at the same time. GustoMSC plays a pioneering role in the offshore wind installation market…

BP Eyes Smaller Renewable Investments

BP is targeting smaller and wider-ranging investments in renewable energy to avoid large losses in the sector like those it suffered earlier in the decade, Chief Executive Bob Dudley said on Wednesday. BP and peers including Royal Dutch Shell and Total have recognised the need to reduce carbon emissions in the fight against global warming, but their investment in renewables remains tiny compared to oil and gas. "We're making smarter, in many cases, smaller bets, and making more of them across a wider range of technologies and business models…

World’s First Floating Wind Farm Starts Production

The Hywind Scotland floating wind farm. (Photo: Øyvind Gravås / Woldcam - Statoil ASA)

The world's first offshore floating wind farm has started to deliver electricity to the Scottish grid, providing power to approximately 20,000 households. The 30MW Hywind Scotland wind farm, operated by Statoil in partnership with Masdar 25 kilometers offshore Peterhead in Aberdeenshire, Scotland, was officially opened today by First Minister of Scotland, Nicola Sturgeon. “This marks an exciting development for renewable energy in Scotland,” First Minister Sturgeon said. “The…

DNV GL, Taiwan Pact for Offshore Wind

Photo: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, has signed an agreement with leading Taiwanese stakeholders to collaborate on offshore wind testing and certification to drive the expansion and facilitate the development of offshore wind in Taiwan. The regulations for certification will be headed by the Bureau of Standards, Metrology and Inspection since it has been designated by the highest authority in Taiwan. Taiwan is one of the rising offshore wind markets in the world.

Where's the Money? Oil Traders Ask as Peak Demand Looms

File Image (CREDIT: AdobeStock / (c) Gear STD)

Traders still see opportunities in oil trading as Mercuria bets on power markets in U.S., China. For major trading houses that ship millions of barrels of oil every day, the prospect of diminishing fuel demand and a shift to renewable power poses a brain-racking challenge with few obvious solutions. "It is a very fair question - what the hell are we going to do?" said Ian Taylor, chief executive of the world's top oil trader Vitol, which trades seven percent of the world's oil. "It's not obvious.

U.S. Windfarm Builder says Poland Violated Contracts

File Image (CREDIT: AdobeStock / (c) Carolyn Franks)

U.S. company Invenergy LLC, which says it has spent more than $600 million building windfarms in Poland, said on Monday it had written Poland's president to say it was formally in dispute with the government over state companies failing to honour contracts. The company said the letter to Poland's president and prime minister would serve as formal notification of dispute under the U.S.-Poland bilateral investment treaty and the Energy Charter Treaty. "Bilateral investment treaties protect investors whose rights have been violated by another country…

Advanced Monitoring Proves Its Capabilities Offshore

(Photo: RED Engineering)

New monitoring technology developed by RED Engineering has been used for the first time to improve accuracy, speed and safety during the installation of jacket foundations for wind turbines at the Beatrice Offshore Wind Farm Ltd project in the Moray Firth, Scotland. The development by the North East-based firm of engineers features remote proximity sensors to confirm the correct engagement of an internal lifting tool (ILT) in use by Seaway Heavy Lifting, a Subsea 7 company.

Innogy Issues $1 Bln Bond to Fund Wind Farms

© Terrance Emerson / Adobe Stock

Innogy, Germany's largest energy group, on Thursday issued a 850 million euros ($1.01 billion) corporate green bond to refinance wind power projects in Europe, it said. Proceeds of the bond, which has a 10-year maturity, will be used to refinance four offshore wind farms in Britain and Germany as well as an onshore wind farm in the Netherlands that is either under construction or already operating. The bond was met with "strong interest from investors and was oversubscribed several times", Innogy said.

GMG Acquires Fugro’s Trenching, Cable Laying Business

(Photo: Global Marine Group)

Global Marine Group (GMG) will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24 percent in the combined business valued at $65 million, and a one year secured vendor loan of $ 7.5 million. Fugro said it will realize a gain on this transaction, valued at approximately $73 million. GMG is a supplier of subsea cable installation and maintenance services in the telecoms, offshore renewables, power and oil and gas market segments.

US Solar Industry's Growth Region: Trump Country

Solar Panel AdobeStock / (c) 孤飞的鹤

President Donald Trump's administration has vowed to revive the coal industry, challenged climate-change science and blasted renewable energy as expensive and dependent on government subsidies. And yet the solar power industry is booming across Trump country, fueled by falling development costs and those same subsidies, which many Republicans in Congress continue to support. Data provided to Reuters by GTM Research, a clean energy market information firm, shows that eight of the 10 fastest-growing U.S.

Innogy Becomes Sole Owner of Triton Knoll Wind Project

File Image: offshore wind operations in progress (CREDIT: CWind)

Innogy buys 50 pct stake from Statkraft; Triton Knoll will cost about 2 billion pounds. Innogy, Germany's largest energy group, became the sole owner of a 2 billion pound ($2.64 billion) British offshore wind farm project after buying out Norway's Statkraft, it said, adding the final ownership structure could still change. The purchase of a 50-percent stake in Triton Knoll for an undisclosed sum follows state-owned Statkraft's strategic move to no longer invest in offshore wind power projects to free up cash to be able to pay a full dividend.

UK to Provide 557 mln stg Funding for Renewables

File Image: CREDIT Blount Boats

The British government confirmed on Wednesday up to 557 million pounds ($734 million) of funding for the next clean electricity auctions for less-established renewables. The next so-called contracts-for-difference (CfD) auction will take place in spring 2019, the government said in a statement but has not yet confirmed how much will be available for that auction. Less-established renewables include offshore wind, biomass, energy-from-waste technologies and some combined heat and power projects, a government spokesman said.

Ampelmann Gangway System Increases Operational Efficiencies

Photo: Ampelmann

Ampelmann has enhanced its existing E1000 gangway transfer system to speed up conversion of its gangway from personnel to cargo mode from at least ten minutes to less than one minute, providing greater operational efficiencies. The innovative and adaptable E1000 motion compensated access system can transform from a gangway into a crane boom. It is 30 meters in length and is capable of safely transferring people and up to 1,000 kilograms of cargo in rough sea states in wave heights up to 4.5 metres.

Nate Becomes a Post-Tropical Cyclone: NHC

File Image (CREDIT: AdobeStock / (c) mode_list)

Former hurricane Nate has become a post-tropical cyclone that continues to pack heavy rain and gusty winds, the U.S. National Hurricane Center (NHC) said on Monday.   The storm system is about 85 miles (135 km) northeast of Columbus, Ohio with maximum sustained winds of 20 mph (55 km/h), it said.   Nate was expected to continue tracking northeastward, moving through the Ohio Valley and into the lower great lakes on Monday.   Reporting by Vijaykumar Vedala 

NOIA Appoints Four to BoD

Martin Stauble

National Ocean Industries Association (NOIA) Chairman David Welch has appointed four new members to the association’s Board of Directors. The appointments were announced today during NOIA’s fall meeting in Jackson Hole, Wyoming, where the association is commemorating 45 years of commitment to America’s offshore energy industry. Today, the oil and gas industry, long centered in the Gulf of Mexico, produces 17% of America’s domestic oil and 5% of our domestic natural gas, while off the coast of Rhode Island…

T/S Nate Kills 22 in Central America, Bears Down on U.S. GoM

File Image (CREDIT: AdobeStock / (c) mode_list)

Tropical Storm Nate killed at least 22 people in Central America on Thursday as it pummeled the region with heavy rain while heading toward Mexico's Caribbean resorts and the U.S. Gulf Coast, where it could strike as a hurricane this weekend. In Nicaragua, at least 11 people died, seven others were reported missing and thousands had to evacuate homes because of flooding, said the country's vice president Rosario Murillo. Emergency officials in Costa Rica reported that at least eight people were killed due to the lashing rain, including two children.

Statoil Takes First Bite of Solar Market

(Photo: Scatec Solar)

Norway's Statoil is taking its first step into the solar sector on Wednesday, partnering up with Oslo-listed renewable energy firm Scatec Solar in a joint venture aiming to build several large-scale solar plants in Brazil. Bruised by pressure on oil prices over the last two years, European oil companies have been intensifying their expansion into renewable energy to seek new sources of revenue. With a 40-percent share in Scatec's construction-ready 162 megawatt Apodi farm and a 50-percent share in the project execution company…

Solar PV Grew Faster Than Any Other Fuel in 2016

New solar PV capacity grew by 50% last year, with China accounting for almost half of the global expansion, according to the International Energy Agency's latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal. Boosted by a strong solar PV market, renewables accounted for almost two-thirds of net new power capacity around the world last year, with almost 165 gigawatts (GW) coming online, according to the new report, Renewables 2017 (explore the report here).

DNV GL’s New WindFarmer

Image: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, has launched WindFarmer: Analyst, its new software tool designed for optimised wind resource assessments. The software provides an intuitive step-by-step approach to calculating the potential energy yield of a wind farm project, delivering increased calculation transparency and accuracy. The new wind resource assessment and analysis tool, is built on the experience of conducting “bankable” energy production assessments on over 200,000 MW worth of wind farm projects globally.

Perry's Proposed Grid Rule Scrambles Energy Alliances

U.S. Energy Secretary Rick Perry's attempt to save the coal and nuclear industries by proposing a new grid resiliency rule is making for some odd bedfellows across the energy sector. The proposed grid resiliency rule threatens to turn two of the Trump administration's most loyal groups of supporters against one another, as the gas and coal industries square off for a fight over market share. The White House has celebrated the growth in domestic gas production and associated reduction in greenhouse emissions but also wants to rescue coal and nuclear producers.

Amarenco Acquires Renewable Energy Developer Groupe Carré

Olivier Carré  (Photo: Groupe Carré)

Amarenco, an independent power producer based in Ireland, has announced its acquisition of Groupe Carré, a renewable energy project developers active in France. This acquisition supports Amarenco’s strategic objectives and strengthens its position in France’s promising wind and solar energy markets. Operating under the brand name Amarenco France, the new entity has the depth of skills, experience and financial girth to quickly become one of the main vertically integrated IPPs active in the country.

France Wins EU Nod for Renewable Energy Schemes

File Image (CREDIT: AdobeStock / (c) JJAVA)

EU state aid regulators approved on Friday four French schemes that will allow the country to produce more than 7.5 gigawatts in energy from onshore wind and solar, saying the projects were in line with EU competition rules. France aims to produce 23 percent of its energy from renewable sources by 2020. The European Commission said France will evaluate the schemes and brief regulators on the impact with an interim report in 2018 and a final one in 2022. "The measures are completed by a technology neutral tender which will stimulate competition between solar and wind installations…

Energy Industry Says 'No Thanks' to Trump Offer of Marine Sanctuaries

The National Marine Sanctuary of American Samoa (Photo: NOAA)

In a bid to boost energy development, U.S. President Donald Trump’s administration is considering shrinking or eliminating 11 marine sanctuaries designed to protect 425 million acres of coral reefs, marine mammal habitats and pristine beaches. The review is part of a broader strategy to open new areas to oil and gas drilling and “put the energy needs of American families and businesses first,” according to the order Trump signed in April that triggered it. But interviews with energy industry representatives signal the effort will likely miss its target.

Statkraft Divests Renewable Energy Assets in Four Markets

Norway's Statkraft swapped its hydropower units in Panama, Laos, Philippines and Zambia with other renewable energy assets in South America and Asia previously co-owned by a Norwegian development fund, the two organisations said on Wednesday. Statkraft acquired full ownership of hydropower, solar and wind assets in Peru, Brazil, Chile, India and Nepal from Norfund, part of its strategy to operate in fewer places but increase its ownership in different renewables. "We want to focus on fewer markets and have a plan to increase wind and solar power capacity…

Japan Fires Up Biomass Energy as Fuel Shortage Looms

© Mikael Damkier / Adobe Stock

As the sun sets on Japan's solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies. More than 800 projects have already won government approval, offering 12.4 gigawatts (GW) of capacity -- equal to 12 nuclear power stations and nearly double Japan's 2030 target for biomass in its basic energy policy. The sheer number of projects has raised questions about how they will all find sufficient fuel, mostly shipped in from counries like Canada and Vietnam…

Mission Accomplished? OPEC Banishes Contango

“There is no doubt that the oil market is moving in the right direction,” the Organization of the Petroleum Exporting Countries noted with satisfaction in its most recent bulletin published on Wednesday. “The rebalancing process was never going to happen overnight; it was never going to happen in a linear fashion; and it was always going to require a concerted effort,” OPEC observed. “Patience and perseverance are still required”, the bulletin warned, but the organisation is well on the way to achieving the objectives it set when announcing output cuts in November 2016.

Hopes Lifted for Norway-Scotland Power Cable Project

The prospects for a planned 1.4 gigawatt (GW) power interconnector linking Norway and Scotland have improved following the re-election of Norway's right-wing government this month, the project's chief said. NorthConnect's 650-km subsea cable could meet about a quarter of Scotland's peak demand with clean energy from Norwegian hydroelectric dams and wind turbines. Opposition Labour leader Jonas Gahr Stoere had said before the election he would not back the NorthConnect concession application if his party took power.

US Natural Gas Prices Rise as Winter Stocks Look Tight: Kemp

U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are in line with the five-year seasonal average but that may not be enough given the increase in exports and the number of additional combined-cycle power plants that have become operational in 2017. The last two winters have been exceptionally mild; if this winter proves colder, which is likely simply on the basis of probabilities, inventories could come under pressure.

Total Ups Renewables Stake With Two Deals

File Image (CREDIT: AdobeStock / (c) JJAVA)

Total buying 23.5 pct stake in EREN RE. Oil major Total has stepped up its expansion into renewables with investments in solar and wind energy producer EREN RE and energy efficiency firm GreenFlex. Bruised by pressure on oil prices over the last two years, Europe's biggest oil companies have been intensifying their push into renewable energy to seek new sources of future revenue. Total said it was buying a 23 percent stake in renewables company EREN RE for 237.5 million euros ($285 million), and could later acquire full control of the business.

Triton Knoll Offshore Wind Farm Picks MHI Vestas Turbines

File Image: A Vestas Wind turbine (Vestas)

The consortium planning to build Britain's Triton Knoll offshore wind park has chosen to buy 90 giant turbines from MHI Vestas, it said on Monday. A final investment decision for the wind park, in Britain's North Sea, is likely in 2018 with full onshore construction starting shortly after, and offshore construction starting in 2020, it added. The 9.5 megawatt turbine, made by a joint venture between Japan's Mitsubishi Heavy Industries and Denmark's Vestas, has the world's largest capacity…

Floating Offshore Wind Turbine Design Passes ABS Review

(Image: University of Maine)

The American Bureau of Shipping (ABS) has completed the design review of the Front End Engineering and Design (FEED) documentation for the VolturnUS, a floating offshore wind turbine (FOWT), developed by the University of Maine Advanced Structures and Composites Center. “UMaine is pleased that its innovative design became the first floating wind turbine concrete semisubmersible hull to be reviewed by ABS, and found to meet the ABS requirements,” said Dr. Habib J. Dagher, P.E, UMaine Composites Center executive director and principal investigator.

Coal's Problem is Not Climate Change: Kemp

© EyeMark / Adobe Stock

U.S. coal companies blame climate campaigners and the Obama administration for waging a war on coal that has cost thousands of jobs and threatened struggling mining communities. But coal’s long-term problems stem not from politics but from physical properties that make it an inferior source of energy compared with oil, gas and (arguably) renewables. Coal has been losing the “war” for market share since the middle of the 20th century as other sources of energy have become cheaper and more abundant.

MOU for Offshore Wind Development in Taiwan

(Photo: Global Maritime)

Global Maritime, a provider of offshore marine warranty, dynamic positioning and engineering services, has signed a Memorandum of Understanding (MOU) with a number of Taiwanese organizations to develop closer cooperation on offshore wind technologies including marine warranty surveys, inspections and testing services. The signatories to the MOU with Global Maritime included Taiwan’s CR Classification Society (CR); the Metal Industries Research and Development Centre (MIRDC)…

CWind Awarded TP Gate Contract

(Photo: CWind)

Offshore wind industry services provider CWind said it has been awarded a contract by DONG Energy, to install new and retrofit existing gates on the transition pieces (TPs) at the Gode Wind and Borkum Riffgrund offshore wind farms, located in the North Sea off the coast of Northern Germany. CWind, which is part of the Global Marine Group and delivers the company’s power capabilities, will use its crew transfer vessels, assets and engineering expertise to help complete the project.

Oil Steady as Irma Heads for Florida

Hurricane Harvey shut 8 pct of U.S. oil production; even bigger Hurricane Irma heads for Florida. Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean. Irma is the second major hurricane to approach the United States in two weeks and has already killed 14, flattening whole islands. Its predecessor, Harvey, shut a quarter of U.S. refineries and 8 percent of U.S. oil production.

Final Turbine Installed at Dudgeon Wind Farm

The 67 turbines on the Dudgeon field can provide 410,000 U.K. homes with electricity. (Photos: Ole Jørgen Bratland)

This week saw the last of the 67 wind turbines being installed on the Dudgeon field and all of them are now producing electricity. During October, the wind farm will provide 410,000 homes in England with electricity. Thirty-two kilometers off the coast of Norfolk in England the wind farm has grown gradually since the first turbine was installed at the beginning of the year. The wind farm was completed at the agreed time and below the budget of GBP 1.5 billion that was set when the investment decision was made in 2014.

Irma forces Bahamas Borco Terminal to Close

Buckeye Partners LP's Bahamas terminal, also known as Borco, has been closed for vessel traffic and will shut all operations by the end of the day due to Hurricane Irma, a source familiar with operations said on Thursday. That terminal, located in Freeport, on Grand Bahama Island, has more than 26 million barrels of storage capacity for crude, fuel oil, gasoline and other products. Hurricane Irma has already killed several people after hammering the Caribbean as a category 5 storm, with winds up to 180 mph (285 km/h).

Oil Firms as Gulf Refineries Restart

File Image (CREDIT: AdobeStock / (c) Sharrif Che'Lah)

Hurricane Harvey's impact on oil industry slowly fading. Brent oil prices firmed on Thursday, hovering near 3-1/2-month highs as U.S. refiners restarting after Tropical Storm Harvey increased their crude processing and the U.S. dollar declined. Brent crude futures were up 28 cents at $54.48 a barrel by 1143 GMT, close to their highest since May 25. U.S. West Texas Intermediate (WTI) crude futures eased by 11 cents to $49.05 a barrel, near a four-week high. U.S. Gulf Coast facilities were slowly recovering from the devastating effects of Harvey…

US Gasoline Prices Climb as Refineries Gradually Restart

U.S. retail gasoline prices climbed Tuesday, even as oil refineries rumbled back into service after Hurricane Harvey disrupted operations along the Texas coast. The average gasoline price was $2.648, 30.2 cents higher than a month ago, according to motorist advocacy group AAA. Gasoline prices normally retreat after the U.S. Labor Day holiday weekend. Benchmark U.S. gasoline futures fell more than 3 percent, however, as refineries restarted. U.S. oil refiners are estimated to have 3.67 million barrels a day of capacity shut during the week to Sept. 8, according to research company IIR.

Nordex to Slash Headcount, CapEx

File Image: an offshore wind farm (CREDIT: Siemens)

Nordex must cut jobs and costs in response to a drop in demand for its wind turbines, the German company announced on Tuesday. It aims to save around 45 million euros by 2018 and trim its workforce by 400-450 jobs, the company said.   Nordex last month flagged possible job cuts, citing dropping business volumes in Europe, even as it posted higher-than-expected second-quarter results.   In the first six months of 2017, Nordex installed 682 megawatts worth of turbines in Europe, 14 percent less than in the year-earlier period.   Reporting by Tom Sims 

Global Marine Group Extends UK Footprint

(Photo: Global Marine Group)

Offshore engineering services provider Global Marine Group (GMG) has expanded its operations base in the United Kingdom to include the Port of Blyth, Northumberland. Blyth, a modern, well-specified port, has emerged as a major support base for U.K. offshore energy projects. Operating from the Port of Blyth, both of GMG’s two business units, CWind, which provides services to the offshore wind industry, and Global Marine, which provides fiber optic cable solutions to multiple sectors…

South Africa Energy Minister Gives Deadline for Signing IPP Contracts

South Africa's energy minister has given state-run power utility Eskom until the end of October to sign renewable energy agreements with independent power producers (IPPs), the energy department said on Friday. South Africa, which was hit by supply shortages in 2015 that led to rolling power cuts, is diversifying its energy mix away from an over-reliance on coal-power plants to include greener wind and solar projects. Energy Minister Mmamoloko Kubayi, who postponed the signing of agreements in April, said the power producer must ensure all contracts are in place to sign by Oct. 28.

Bureau Veritas Issues New Rules for OSVs, Tugs

BV classed tug, Dux - now operating in Hammerfest, Norway. Image courtesy of Gondan Shipbuilders  (Photo: Bureau Veritas)

Classification society Bureau Veritas has issued new rules for the Classification of Offshore Service Vessels and Tugs, including new class notations for pipelay vessels, accommodation units, offshore construction vessels and offshore support vessels. Gijsbert de Jong, Bureau Veritas Marine Marketing and Sales Director, said: “With this new publication Bureau Veritas provides the industry with a clear framework for the classification of offshore service vessels and tugs based on an end-user friendly system of class notations reflecting the terminology used by the industry.

As Oil Prices Weather Storm, OPEC Looks for Long-term Boost from Harvey

For veteran OPEC officials, Hurricane Harvey's impact on global oil markets is one of the strangest things they have seen. The storm has led to some of the biggest disruptions to U.S. energy infrastructure; yet it has failed to boost crude prices. In contrast with previous major hurricanes such as Katrina in 2005, Harvey has actually seen oil prices edge down as traders have focused more on the hit to demand from damaged U.S. refineries than the blow to supply from knocked-out production.

Harvey Drenches Louisiana, Sparks Blast at Texas Chemical Plant

The remnants of Tropical Storm Harvey drenched northern Louisiana on Thursday as it moved inland, leaving behind record flooding that paralyzed the U.S. energy hub of Houston, killed at least 35 people and drove tens of thousands from their homes. Two explosions were reported at a flood-hit chemical plant in Crosby, Texas, 30 miles (48 km) northeast of Houston, with one sheriff's deputy sent to the hospital after inhaling toxic chemicals. The Arkema SA plant had lost power as a result of the storm, causing the organic peroxides stored onsite to warm to combustible levels.

New Energy Investment to Sell 1.8% Stake in Dong Energy

(File photo: Dong Energy)

New Energy Investment, indirectly owned by investment bank Goldman Sachs, is selling a 1.78 percent stake in Danish utility and offshore wind farm developer Dong Energy. Goldman Sachs said on Wednesday it had launched the sale of the 7.5 million shares to institutional investors in a so-called accelerated bookbuild offering. Goldman Sachs, Nordea and Danske Bank are acting as joint global bookrunners for the offering. State-controlled Dong Energy became one of the biggest IPOs of last year when a group of investors including the Danish state…

Exxon Mobil Vietnam Gas Project Could Start in November

Exxon Mobil Corp's Blue Whale gas project, Vietnam's biggest, could start in November, Vietnam Television (VTV) reported on Tuesday. The Blue Whale field has an estimated 150 billion cubic metres of reserves. Prime Minister Nguyen Xuan Phuc told Exxon Mobil on Tuesday he hoped to have the project starting officially at an Asia-Pacific Economic Cooperation summit in November when U.S. President Donald Trump and U.S. government officials are expected to attend, state-run VTV reported. Vietnam is trying to switch to cleaner energy from coal-fired power plants.

Harvey Likely to Linger off Texas Coast

The center of Tropical Storm Harvey is likely to remain just off the coast of Texas through Tuesday night before moving inland over the northwestern Gulf of Mexico on Wednesday, the U.S. National Hurricane Center (NHC) said.   The storm is not expected to further intensify before its center crosses the coast again within 36 hours or so, the NHC said.   Harvey is now located about 135 miles (220 km) south-southwest of Port Arthur, Texas with maximum sustained winds of 45 miles per hour (75 km per hour), it added.   Reporting by Arpan Varghese 

German Offshore Wind Capacity on the Rise

© nuttawutnuy / Adobe Stock

German offshore wind operators raised generation capacity at sea to just under 4.4 gigawatts (GW) in the 12 months ended in June, an increase of 47 percent over the same date in 2016, electricity network company TenneT said on Monday. TenneT plays a key role in the sector because it is responsible for linking North Sea wind farms to onshore grids in the states of Lower Saxony and Schleswig Holstein. It said the comparable 2016 number was 3 GW. TenneT said it had prepared offshore to onshore connection capacity of 5.2 GW to account for the anticipated rise in installations.

Residents Flee South Texas Ahead of Harvey

Residents fleeing most powerful storm on U.S. mainland since 2005. Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents to evacuate ahead of Hurricane Harvey, expected to arrive about midnight as the most powerful storm to hit the U.S. mainland in more than a decade. The hurricane is forecast to slam first near Corpus Christi, Texas, drop flooding rains along the central Texas coast and potentially loop back over the Gulf of Mexico before hitting Houston, some models showed.

Kinder Morgan Shutting Down Pipelines, Gas Facilities due Harvey

Kinder Morgan has started shutting down parts of its KMCC pipeline system for crude and condensate, its Double Eagle pipeline, several gas storage facilities and compressor stations due to Hurricane Harvey, the firm said on Friday.   The pipeline operating firm said the measures have been taken in preparation for high winds and heavy rain, which could affect portions of its Tennessee Gas Pipeline (TGP), Texas Interstate system and its Natural Gas Pipeline Company of America (NGPL), the largest transporter of gas into Chicago.   Reporting by Marianna Parraga 

Chevron: Harvey Should Not Impact GoM Operations

Chevron Corp said on Friday it does not expect Hurricane Harvey to affect its U.S. Gulf of Mexico production.   The company, which pumped on average about 128,000 barrels of oil per day from the Gulf last year, has not evacuated any staff, spokesman Morgan Crinklaw said.   Most of Chevron's Gulf offshore operations are east of Harvey and are not being inundated with major wind or waves.   Reporting by Ernest Scheyder 

Hurricane Harvey Strengthens, Threatens US

Hurricane Harvey Forecast (Photo: NOAA)

Hurricane Harvey intensified early on Friday into potentially the most powerful hurricane to hit the U.S. mainland in more than a decade, as authorities warned locals to shelter from what could be life-threatening winds and floods. Harvey is set to make landfall late Friday or early Saturday on the central Texas coast where Corpus Christi and Houston are home to some of the biggest U.S. refineries. Oil and gas operations have already been disrupted and gasoline prices have spiked. "Now is the time to urgently hide from the wind.

Oil Up as US Rigs and Refineries Brace for Hurricane

Oil prices rose on Friday as the U.S. petroleum industry braced for Hurricane Harvey, which could become the biggest storm to hit the U.S. mainland in more than a decade. Harvey became a category 2 storm as it crossed the Gulf of Mexico with winds of 110 mph (175 kph), 145 miles (235 km) off port O'Connor, Texas, the National Hurricane Center said. The hurricane is forecast to make landfall late Friday or early Saturday between Corpus Christi and Houston, both important oil refining centres. U.S.

E.ON, Statoil Start Construction of 385 MW German Wind Farm

German utility E.ON and Norwegian oil and gas firm Statoil have started construction of a 385-megawatt wind farm off the German coast, the firms said. The 1.2 billion euro ($1.4 billion) wind farm in the Baltic Sea should become operational by 2019 and be able to supply electricity to up to 400,000 households in Germany, E.ON said in a statement. "Construction work on the Arkona wind project in the German Baltic Sea has begun... the first foundations have been successfully laid in the seabed," E.ON said. Arkona is a joint venture between E.ON and Statoil.

Oil Firm Evacuate Workers as Storm Approaches Texas

File Image / Credit: James Fisher

Oil companies evacuate workers as storm takes aim at Texas. Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week. The U.S. National Hurricane Center (NHC) issued a hurricane watch Wednesday for much of the Texas coast, calling for slow-moving Tropical Depression Harvey to intensify as it nears landfall. Shell said it was evacuating all personnel from the roughly 100…

Oil Slips as Market Focus Looks to Jackson Hole

File Image (CREDIT: AdobeStock / (c) lucadp)

Dollar up ahead of central bankers' meeting; tropical depression heads towards U.S. oil facilities. Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal changes to monetary policy. Benchmark Brent crude was down 20 cents a barrel at $52.37 by 1120 GMT. U.S. light, sweet crude was 20 cents lower at $48.21 a barrel. The annual meeting at Jackson Hole starts on Thursday and will include speeches by U.S.