Friday, July 19, 2019

Asia Pacific News

New CEO Guy Takes the Helm at EnerMech

John Guy (Photo: EnerMEch)

Aberdeen-headquartered services company EnerMech announced on Wednesday that John Guy has been appointed as Chief Executive Officer (CEO), succeeding company founder Doug Duguid, who will assume the role of Deputy Chairman.Guy’s appointment as CEO will become effective from August 1, 2019, when Doug Duguid will take on the Deputy Chairman role for a six-month period. The move is part of a planned strategic transition put in place following the acquisition of EnerMech in December 2018 by global investment firm…

Mainstream Names Asia-Pacific Head

Photo: Mainstream Renewable Power

Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business."This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore, comes ahead of significant expansion plans for the region," said a press release.Natarajan brings a decade and a half of senior leadership experience in the wind and solar industry across India, Thailand, the Philippines, Malaysia…

DNV GL Supports Asia's Largest Solar Floater

Pic: DNV GL

DNV GL, the international accredited registrar and classification society, said that it has been appointed by PUB, Singapore’s national water agency,  as technical adviser for a 50MW floating photovoltaic (PV) project tender in Singapore.The first-of-its-kind 50 MW project, south-east Asia’s largest floating PV, could reduce Singapore’s carbon footprint by the equivalent removing 6,000 cars off local roads."Once completed, the floating solar project will be one of the largest single floating…

Pavilion Acquires LNG assets of Iberdrola

(L to R) Mr Frédéric H. Barnaud, Group CEO of Pavilion Energy and Mr Aitor Moso, CEO of Liberalised Business, Iberdrola. Photo: Pavilion Energy

Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets.The portfolio comprises about 4 million tonnes per annum (mtpa) of Iberdrola's long-term LNG sale and supply contracts.It also includes long-term regasification of approximately 2 mtpa at the Grain LNG terminal (UK), regasification access in Spain and the Spanish-France border pipeline capacity, as well as the time-charter of a newbuild MEGI LNG vessel.

Asian Renewables Investment on the Rise

© Gasdruckfeder / Adobe Stock

Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.Total capital expenditure in renewables will rise above $30 billion in the region by 2020, just overtaking investment into exploration and production for oil and natural gas, the consultancy said.India, Australia, Japan, Vietnam and South Korea will be the leading destinations for investment in Asia, according to Rystad.The company focuses on China separately and did not include the nation in this assessment.

Vitol, Novatek Sign LNG Deal for Arctic 2 Plant

Pic: Novatek

Novatek Gas & Power Asia, a trading unit of Russia’s largest independent natural gas producer and LNG operator, Novatek, signed a heads of agreement with British energy and commodity trading company Vitol for the supply of LNG from the Arctic LNG 2 project.The Agreement envisages concluding a 15-year contract with annual supply of one million tons of LNG from the Arctic LNG 2 project as well as other Novatek’s projects.The LNG will be shipped on FOB basis to Novatek’s transshipment terminals in the Murmansk region and Kamchatka…

DNV GL Invites Partners for Turbine Project

Pic: DNV GL

DNV GL calls on industry stakeholders to join a new Joint Industry Project (JIP) to develop Recommended Practice on wind turbine design methodologies for cyclones and earthquakes.The world’s largest independent energy advisory and certification body said in a press release that the ACE (Alleviating Cyclone and Earthquake Challenges for Wind farms) Joint Industry Project is aiming to gather experiences from cross-industry players to align wind turbine design methodologies for those extreme…

Expro Promotes Two Execs

Alistair Geddes (Photo: Expro)

Oilfield services company Expro announced Thursday it has promoted two company executives.Current Executive Vice President, Alistair Geddes, has been promoted to Chief Operating Officer (COO) with immediate effect, and Keith Palmer has been promoted to Executive Vice President – Product Lines and will be responsible for Expro’s product lines, technology and group engineering.

BP, Exxon Sign On Alaska LNG Export Project

© Argus / Adobe Stock

Alaska Gasline Development Corp (AGDC) said it signed an agreement with BP PLC and Exxon Mobil Corp to help advance the state-owned company's proposed $43.4 billion Alaska liquefied natural gas (LNG) project."Our respective organizations share an interest in the successful commercialization of Alaska's stranded North Slope natural gas," AGDC Interim President Joe Dubler said in a statement late Friday.BP and Exxon Mobil produce massive amounts of oil in Alaska and have discovered huge…

OPITO Names Asian Pacific VP

Hart Victor (Photo: OPITO)

OPITO, a global, not-for-profit skills body for the energy industry, has appointed Hart Victor in the role of vice president of strategy for the Asia Pacific region.Victor had previously spent more than a decade with National Oilwell Varco (NOV) as regional training manager for Asia where he supported the growth of the team from 50 to over 1,000 people, as well as establishing new safety training centers in the region.Victor, who will be based at the company’s office in Kuala Lumpur, Malaysia…

Searcher Seismic Acquires Triok

Image: Searcher Seismic

Searcher Seismic, in cooperation with BGP, has completed the acquisition of the Triok broadband non-exclusive 2D seismic survey in the Northern Basins of Papua New Guinea.Following the acquisition of the Solomon Sea non-exclusive 2D in the northern basins of Papua New Guinea, the Triok broadband non-exclusive 2D seismic survey consists of 3,845 km (2,389 mi) of 2D long-offset, high-resolution, broadband seismic and offers regional coverage of the Cape Vogel basin and Huon Gulf.Andrew Weller…

Santos Broadens Offshore Exploration in N.Australia

Image: Santos

The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits, with Santos acting as operator.Santos’ position in the Bonaparte basin already includes an 11.5% interest in the Bayu-Undan gas-condensate field and the Darwin LNG plant, as well as a 25% interest in the Barossa field…

McDermott Bags Pan Malaysia Jobs

Photo by McDermott International, Inc.

American multinational McDermott International has announced Malaysian offshore projects contracts for developing pan Malaysia oil fields.One contracts was from Sarawak Shell Berhad and the other from Sapura Exploration and production, a press release from the fully-integrated provider of technology, engineering and construction solutions to the energy industry said.McDermott's scope of work for SSB includes the transportation and installation of jackets, topsides and pipelines for the Gorek gas field.

Offshore Mooring to Reach $1.1B by 2021

FPSO. Pic: MODEC

The global offshore mooring system market stood at US$0.93 bn in 2014 and is predicted to reach US$1.1 bn by 2021.It is predicted to expand at a CAGR of 3.60% from 2015 to 2021, revealed a new Transparency Market Research report.According to the report, the market for offshore mooring systems is propelled by the rising subsea production and exploration and the consistent introduction of technologically advanced products. In addition, factors such as the growing demand for energy and the rise in the prices of gas and oil have also stimulated the growth of the offshore mooring systems market.In addition…

Offshore Wind Energy Market to Grow 20%

Image: Siemens Gamesa

Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing with a number of schemes that have recently began power production, according to Researchnreports. For instance, following the installation of its first 7-MW turbines, Scotland's biggest offshore wind farm has sent power for the first time to the…

Anadarko Sells LNG to CNOOC

Image:  Anadarko Petroleum Corporation

U.S. oil giant Anadarko Petroleum said it has signed a deal with one of China’s biggest importers to supply 1.5 million tonnes of liquefied natural gas (LNG) a year from Mozambique for a period of 13 years.The contract, signed by Anadarko and China’s GNOOC Gas and Power Singapore Trading & Marketing, gives China’s biggest liquefied natural gas importer access to world-class gas resources from Mozambique LNG, Mitch Ingram, executive vice president of Anadarko’s International, Deepwater and Exploration division…

Sapura Energy, OMV Partner for E&P

Sapura Energy's Tan Sri Shahril and OMV's Johann Pleininger at the November 2019 signing ceremony (Photo: OMV)

Malaysia’s largest oil and gas services company Sapura Energy Berhad and Austria’s OMV Aktiengesellschaft have agreed to form a new strategic partnership that will see the creation of a new joint venture independent oil and gas company.OMV Exploration & Production GmbH, a wholly-owned subsidiary of OMV Aktiengesellschaft, has paid $540 million for a 50% stake of the issued share capital in the newly formed SapuraOMV Upstream Sdn. Bhd.Malaysia based SapuraOMV Upstream Sdn. Bhd is a independent…

DOF Subsea Wins Yinson Energy Contract

Skandi Hercules. Image: DOF Subsea

Malaysia's Yinson Holdings Bhd's associate Yinson Energy has awarded DOF Subsea Asia Pacific Region a contract to provide transportation & installation (T&I) services to position and moor the FPSO Helang on the Layang field, Sarawak, Malaysia.DOF,  international subsea operating company, said in a press release that the award includes Project Management, Engineering, Towing and Mooring Services and is expected to be completed by Q3 2019.The project will utilize construction support vessel (CSV) Skandi Hercules…

Floating LNG Power Vessel Market Set to Exceed USD 1 Bln

Image: Wison Offshore & Marine

The Global Floating LNG Power Vessel market accounted for $780.14 million in 2017 and is expected to reach $1,073.54 million by 2026 growing at a CAGR of 3.6% from 2017 to 2026.According to a market research report by ResearchAndMarkets, some of the factors such as growing demand for power coupled with the lack of power infrastructure and increase in hybrid fuel engines are fueling the market growth.However, factors such as high capital cost associated with operations, maintenance, transportation…

Ørsted, Tepco Join Forces for Japan Offshore Push

Image: Ørsted

Tokyo Electric Power Company Holdings (TEPCO) has signed a memorandum of understanding (MoU) with Danish energy business Orsted to work together on offshore wind projects.In a press release, TEPCO said that it had been “exploring offshore wind business opportunities” in both Japan and overseas. Orsted is a world leader in wind energy and built the world’s first offshore wind facility in 1991. Ørsted has constructed more than 25 offshore wind farms in Europe and has several large-scale offshore wind development projects in Europe…