Orsted Seeks Ways to Avoid Brexit Tariffs
Denmark's Orsted is looking at ways to avoid potential tariffs on imports of components for its multi-billion pound British offshore wind farms in the event of a disorderly Brexit, the company's UK chief told Reuters.With only 16 days before Britain is due to leave the European Union, there is still no ratified divorce deal, leading business to fear a "no-deal" exit that could see World Trade Organisation (WTO) tariffs applied to some goods.Analysts at Wood Mackenzie say around two-thirds of…
India's Ennore Terminal Gets Qatari LNG
Qatargas, the world’s largest LNG producer, supplied a commissioning cargo for India’s Ennore LNG receiving terminal, near the southern Indian city of Chennai.The commissioning LNG cargo was delivered onboard the vessel ‘Golar Snow’ on 25th February 2019 by the Swiss commodity trader, Gunvor, to the state-owned Indian Oil Corporation Limited (IOCL), which owns and operates the five million tonnes per annum (MTPA) terminal. Qatargas sold the cargo Free On Board (FOB) basis to Gunvor.Ennore will be India’s fifth operational LNG terminal and the first LNG terminal on the East Coast of India.
U.S. Crude Stockpiles Fall Unexpectedly -EIA
U.S. crude oil stocks fell unexpectedly last week as net imports fell to record lows, despite production growing to all-time highs and abundant inventories at the Cushing, Oklahoma hub, the Energy Information Administration said on Wednesday.After five consecutive weekly builds, nationwide crude inventories fell 8.6 million barrels in the week to Feb. 22, compared with analysts' expectations for an increase of 2.8 million barrels.However, crude stocks at Cushing, the delivery hub for U.S. crude futures rose 1.6 million barrels to 46.7 million barrels…
High-tech Buoy Launched in New York Bight
A high-tech, specialized buoy has been launched to collect useful information for developing wind farms offshore the U.S. East Coast.Equinor Wind US said it deployed the cutting-edge buoy as it works to develop its offshore wind lease site in the New York Bight.The Floating LiDAR (Light Detection and Ranging) device will measure wind speed, wind direction, wave conditions and several other marine characteristics that help inform critical decisions in regard to the resource potential and eventual development of the wind farm.
Anadarko, CNOOC Ink Mozambique LNG Deal
Anadarko Petroleum Corp said on Friday a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply liquefied natural gas (LNG) from Mozambique.The deal will bring it one step closer to making a final investment decision for its East African LNG project, with the decision expected in the first half of this year.Mozambique LNG1 Company, the jointly-owned sales entity of the Mozambique Area 1 co-venturers, had signed a sales and Purchase Agreement (SPA) with CNOOC's gas and power Singapore Trading and Marketing unit, Anadarko said.The SPA i
Norden Gets Sembcorp Contract
Danish shipping company Dampskibsselskabet Norden has signed a ten-year Panamax contract of affreightment (COA) with Indian utility firm Sembcorp Energy India.Commencing April 1, Norden will carry out the transportation of steam coal in panamaxes totalling 12 million tonnes over the ten-year period from Indonesia and South Africa to the port of Krishnapatnam in East Coast India.The voyages will be carried out on both Norden owned and chartered vessels.Norden pointed out in a press release that demand for energy in India is on the rise in line with the country’s economic expansion.
US Natural Gas Demand Nears Record High
U.S. homes and businesses will likely use record amounts of natural gas for heating on Wednesday as an Arctic-like freeze blankets the eastern half of the country, according to energy analysts.Harsh winds brought record-low temperatures across much of the Midwest, unnerving even residents accustomed to brutal winters and keeping them huddled indoors as offices closed and mail carriers halted their rounds.That brutal cold could also temporarily reduce gas production by causing freeze-offs in the Marcellus and Utica shale…
EnBW Open to Partnerships in U.S. Offshore Wind Expansion
German utility EnBW could seek more partners in its planned push into the burgeoning U.S. offshore wind sector, its chief executive said.EnBW has already formed a joint venture with project developer Trident Winds to cater the U.S. west coast but is so far working alone on the booming east coast, where it has set up a subsidiary in the fourth quarter."We're open to partnerships also in the offshore business," Frank Mastiaux told Reuters at the annual Handelsblatt energy conference in Berlin."At the moment…
CNOOC Storing LNG Offshore
China's state-owned CNOOC is temporarily storing liquefied natural gas (LNG) in a tanker off South Korea as a warmer than usual winter cuts expected spot demand for the fuel, industry sources said on Wednesday.China faced a severe winter gas shortage last year after switching millions of households to natural gas from coal for heating, prompting Chinese companies this winter to secure supply well ahead of time, they said.However, the winter so far has been relatively mild and weather data from Refinitiv Eikon largely points towards warmer than usual temperatures ahead…
Bosch Rexroth Expands on US West Coast
Drive and control technology company Bosch Rexroth announced the next phase of its growing U.S. west coast presence through the re-opening of its Pleasanton, Calif. facility.First established in the late ’90s, what formerly served as a small sales office is now a much larger mixed-use facility that contains offices, engineering, training rooms and conference areas, as well as a new warehouse and prototype shop that will be used to develop, build and test proof-of-concept solutions with customers.With an already well-established engineering force on the east coast…
SurfWEC to Tap Ocean Wave Power
New Jersey based marine engineering firm Martin & Ottaway together with industry partners, has formed a new company, SurfWEC LLC, that will develop Wave Energy Converters (WECs) using patented features that are expected to increase energy recovery rates by an order of magnitude over legacy WEC systems.The marine consultancy firm said in a press release that SurfWEC has broken through the barriers holding back wave energy recovery technologies from successfully and economically harnessing power…
Offshore Wind Ready To Take Off in US
Up and down the East Coast, initiatives to develop a massive and largely untapped market can make sea change in American offshore wind, says the Institute for Energy Economics and Financial Analysis (IEEFA).IEEFA pointed out that the big lease sales ($405 million) last month in coastal waters off Massachusetts for three federally owned tracts that didn’t sell at an auction in 2015 signal a sea change in how U.S. offshore wind generation potential is now perceived.The winners of that auction, who emerged after 32 rounds of bidding over two days, have global energy-industry pedigrees that bring market-making heft.
Senex Energy Gemba Tests Successful
Australian energy company Senex Energy has successfully tested a gas exploration well in the Cooper Basin in South Australia.According to the Brisbane-based company The Gemba-1 well flowed 227,000 cubic metres (8 mcf) of gas per day over a period of a week."Senex Energy has successfully completed the initial flow test of the Gemba-1 gas exploration well in the Cooper Basin, with stabilised flow rates of approximately eight million standard cubic feet per day, plus associated liquids," said a…
ScanOcean, Neste Pact for Low-Sulfur Bunker Fuel
Finland oil refining and marketing company Neste Corporation and Swedish bunker and marine fuels provider ScanOcean AB enter into cooperation in delivering Neste’s low-sulfur marine fuel. ScanOcean AB is now an official reseller for Neste’s 0.1% marine fuel products on the East Coast of Sweden. The low-sulfur marine fuel is one of Neste’s high quality products."The re-seller partnership with ScanOcean is part of our marine fuel strategy as it is our aim to continually offer customers better services both locally and globally.
Moray East Offshore Confirms Financial Close
UK-based Moray Offshore Windfarm (East) announced that it has reached financial close – a major milestone marking the commencement of GBP 2.6 bln of project finance investment.The consortiumwhich develops and operates offshore wind farms, known as ‘Moray East’, is a a 950MW offshore wind farm in the Outer Moray Firth, 40km from the North East Coast of Scotland. The consortium is currently owned by EDPR (43.3%), Diamond Green Limited, which is partly owned by DGE (33.4%) and ENGIE (23.3%).At a briefing in the House of Commons…
Exxon, BHP to Develop West Barracouta Gas Field
ExxonMobil Corp and the world's top miner BHP Billiton said on Thursday they approved development of the West Barracouta gas field in the Gippsland Basin in Australia, to bring fresh gas to Australian domestic markets.Exxon said the project, located off the shore of the state of Victoria, is part of its continuing investment in the Gippsland Basin, an area rich in oil and gas. BHP will invest about A$200 million ($144.36 million) in the gas field, the miner said in a separate statement.Rising natural gas prices has become a political issue in Australia as households and manufacturers complain of higher costs…
Seaway Offshore Cables Wins US Job
Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12-megawatt Coastal Virginia Offshore Wind (CVOW) projects in the U.S."SOC in combination with Subsea 7, has been awarded its first US offshore wind project by Ørsted Wind Power North America who are constructing the project for Dominion Energy. This turnkey cable supply and cable installation contract for CVOW Project marks the continued success of a global renewables strategy for Subsea 7 in the U.S.…
AREG Membership on the Rise
Aberdeen Renewable Energy Group (AREG) reports it has seen its membership numbers rise over the past 12 months with an increase in the number of companies supporting both the offshore wind and wave and tidal sectors.Among the 25 new sign-ups are marine engineering firm EC-OG, weather forecasting business StormGeo AS, fabric maintenance business, Venko Offshore and Optimus, the multi-discipline engineering design consultancy. They will be joining the ranks of long-term members such as BMT Cordah…
LNG Import Terminal Proposed for Australian port
A South Korea-based company has proposed building a terminal on Australia's east coast to import liquefied natural gas, the fifth proposal for such a project in the world's No.2 LNG exporter.The proposals have come after three new LNG export plants on the east coast have sucked gas out of the southeastern market and nearly tripled wholesale gas prices in places such as Sydney over the past two years.EPIK, a newly-formed LNG floating storage and regasification unit (FSRU) project development company…
Ørsted Hires Focus Consultants on Sustainable East Coast Offshore Hub
Focus Consultants has been appointed to deliver sustainability services for a new East Coast Hub for the offshore wind giant, Ørsted, which is currently building the biggest offshore wind farms in the world.Currently in construction on the Royal Docks at Grimsby, Lincolnshire, the building will represent a state-of-the-art operations and maintenance hub to support both the construction and operation of Ørsted’s offshore wind farms, from which they currently operate more than 1.2 gigawatts (GW) of capacity with a further 2.6GW under construction.“The construction…
