Tuesday, March 19, 2019

Energy Industry News

Rising US Oil Clout on Show in Houston

© Steve Prorak / Adobe Stock

A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.Present: top U.S. diplomat Mike Pompeo. Absent: leading Saudi and Russian officials, and most OPEC nations.As the United States weans itself off foreign oil imports - thanks to booming domestic production - the complex web of politics and business interests that have shaped decades of Washington's energy diplomacy in the Middle East and beyond is changing.That shift was unmistakable in Houston this week.In his keynote address…

Repsol, Emerson Pact for Geoscience R&D

Emerson is enabling Repsol to accelerate time to first oil using digital transformation technology. Pic: Emerson

Emerson and Repsol announced they have established a strategic alliance to deliver advanced subsurface geophysical technologies to reduce the time to prospect and produce first oil.Emerson, a global engineering and technology company,  will work collaboratively with Spanish energy company Repsol to implement and deploy advanced subsurface imaging technologies, with core technologies developed by Repsol as part of Kaleidoscope, its 10-year innovation project."These advances will be used by a broad range of the geoscience community within Repsol and in all oil and gas companies that choose to license the technologies.

VA Offshore Wind: A Strong Foundation

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Virginia officials have established a well-planned, extensive strategy to build out an offshore wind industry, including wind towers for electricity generation and the supply chain to support that extensive infrastructure and operations. The State’s big picture is ambitious: developing 2,000 MW of offshore wind by 2028.As currently envisioned, VA’s offshore wind development will likely start this year with two 8-megawatt wind turbines 27 miles off the coast of Virginia Beach. This is a Dominion Energy pilot undertaken in partnership with the Danish wind company Orsted.

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, will increase support to the region’s oil and gas sector through implementing OPITO standards and global qualifications…

DNV GL Study on Wind Turbine Blades

Pic: DNV GL

The global quality assurance and risk management company DNV GL released an in-depth study, commissioned by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory, which examines the challenges associated with manufacturing and deploying next-generation, increasingly larger land-based wind turbines.In the past decade, the U.S. wind energy industry has achieved significant improvements in energy production and cost efficiency, driven in part by increased turbine, blade, and tower size.However, the industry is quickly approaching…

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. The company's scope of work for SEP includes the transportation and installation of jackets, topsides and pipelines for the Larak and Bakong gas fields.

NOIA Statement on Trump’s SOTU Address

National Ocean Industries Association (NOIA) President Randall Luthi

Increase Access to All Offshore Energy Sources for American Energy Greatness.National Ocean Industries Association (NOIA) President Randall Luthi issued this statement following President Trump’s State of the Union address:“In his second State of the Union address, President Trump reiterated his bold vision for American energy dominance in conjunction with facilitating new energy infrastructure. NOIA applauds the Administration’s efforts to date toward achieving American Energy Dominance and supports the hard work that remains to be done to continue our American energy revolution. “The Administration initiated regulatory and tax reforms that are allowing more U.S.

Proserv Acquires SGC Metering

Photo: Proserv

The  global energy services company has announced the acquisition of SGC Metering from Petrofac.SGC Metering is a specialist in the design and manufacture of flow computer metering systems for the oil and gas industry. It provides expertise right across the full life cycle of a metering project, including conceptual design through to installation, operations and maintenance.The firm was established in 1988 and its wide array of systems allows the measurement of all the important metrics associated with hydrocarbon production, namely volume, temperature…

BP to Expand Emissions Disclosure

(Photo: BP)

BP has agreed to broaden its disclosure on greenhouse gas emissions to show how it thinks future investments in oil and gas align with U.N.-backed climate goals, it said on Friday.Following talks with a large group of investors, BP also agreed to back a shareholder resolution on the measures at its annual general meeting (AGM), further evidence of the way the energy industry and investors are engaging on climate issues.The agreement with a group of investors with $32 trillion under management, known as Climate Action 100+, comes weeks after rival Royal Dutch Shell agreed to introduce broad carbon emissions targets linked to executive pay.Unlike other companies…

Siemens Gamesa to Suppy 270 Turbines in India

Image: Siemens Gamesa Renewable Energy

Siemens Gamesa Renewable Energy (SGRE)  has won a new order in India from ReNew Power, India's large largest renewable energy independent power producer (IPP), for the supply of 270 SG 2.1-122 wind turbines with a total capacity of 567 MW.The agreement is one of the largest announced in India and will see Siemens Gamesa provide the infrastructure needed to install and operate two wind power facilities, 127 SG 2.1-122 wind turbines for the project in Bhuj, Gujarat and 143 SG 2.1-122 wind turbines for the project in Davanagree, Karnataka, respectively.Both projects are expected to be commissioned by the first quarter of 2020.

Oil and Gas Execs Expect to Boost Spending

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The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.DNV, a technical adviser to the energy industry, surveyed 791 senior professionals from firms with annual revenue ranging from $500 million or less to those earning $5 billion and more.BP, Shell and many other companies cut capital spending and costs in 2016 after the price of benchmark Brent crude fell to a 12-year low of below $30 a barrel.Helped by output cuts by Organization of the Petroleum Exporting Countries and its allies…

Wellit Partners with Norvestor

© Danial / Adobe Stock

The owners of software company Wellit have decided to sell 60 percent of company shares to private equity company Norvestor.Wellit develops logistics solutions for the global oil and gas industry. Its software, WELS, is a cloud-based multi-tenant platform tailored to the oil and gas industry.WELS enables all involved parties in the oil and gas value chain to communicate on one logistics platform, thereby removing the risk of miscommunication and duplicate information. WELS optimizes planning and reduces lead-time from order to delivery. Furthermore…

Offshore Wind Ready To Take Off in US

Image: Institute for Energy Economics and Financial Analysis

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. Equinor Wind is the U.S.

N-KOM Building Offshore Living Quarters in Qatar

(Photo: N-KOM)

Nakilat-Keppel Offshore & Marine (N-KOM) held a steel cutting ceremony for a new offshore accommodation platform under construction at the Erhama bin Jaber Al Jalahma Shipyard in Qatar.Chief Executive Officer of Nakilat, Eng. Abdullah Al Sulaiti, said, “This ceremony marks a milestone not only for N-KOM but also for Qatar, as this is the first such offshore fabrication to be wholly-constructed locally.”The project scope was awarded to N-KOM by Rosetti Marino, a Italian company providing engineering, procurement and construction (EPC) services to the energy industry worldwide.

Chevron, Occidental Invest in CO2 Removal Technology

(Photo: Carbon Engineering)

Canada-based Carbon Engineering said on Wednesday it had received investment from a subsidiary of Occidental Petroleum Corp. and the venture capital arm of Chevron Corp.

BP Energy Partners Acquires Cryopeak LNG Solutions

Image: Cryopeak

The private equity firm focused on the energy industry BP Energy Partners (BPEP), LLC announced it has purchased a controlling interest in Cryopeak LNG Solutions Corp, a customer-centric liquified natural gas (LNG) solutions company.Cryopeak will become a portfolio company in BPEP's second private equity fund, BP Natural Gas Opportunity Partners II, LP. In addition to the controlling interest acquisition, BPEP will also commit additional capital to Cryopeak to support its continued growth throughout North America.Cryopeak is focused on providing…

ABP, Peterson Sign Pact

ABP local management team welcomes Peterson UK to Lowestoft. Photo: ABP

The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdings (ABP) to establish a new operational and logistics base to the Port of Lowestoft.ABP, which owns and operates 21 ports in the United Kingdom, said that the new agreement will see Peterson operate a wide range of warehouse, cargo and logistic services from the port, including fuel bunkering to support the oil & gas and renewable energy sectors being supplied from their Lowestoft Supply Base.Paul Smith…

Shutdown Risks Delays to US Energy Initiatives

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The partial government shutdown is increasing the chances of delays in U.S. energy initiatives from the release of President Donald Trump's proposed offshore drilling plan to allowing higher levels of ethanol in gasoline during summer months, energy industry groups said on Friday.The U.S. Department of Interior had been expected to release its highly anticipated 2019 to 2024 offshore oil and gas drilling plan in early January.The Trump administration has made opening up greater areas to offshore drilling, and holding more frequent lease sales, part of its energy dominance agenda to boost fossil fuel output for both domestic use and exports.

Topaz Bags Wind Charter

Image: Topaz Energy and Marine

Dubai-based Marine logistics company Topaz Energy and Marine (Topaz) has signed an agreement with a north European contractor for the charter of Topaz's newbuild for offshore wind farms in the North Sea.The contractor will charter Topaz’s newbuild subsea vessel, Topaz Tangaroa, for work on renewable energy projects, primarily in support of offshore wind farms in the southern North Sea. The contract underlines the growing significance of offshore wind projects to Topaz.The oilfield services company providing marine and engineerig solutions to the global energy industry said that the charter contract will take effect from February 2019 for a firm duration of seven months…

Lamprell Wins Offshore Wind Project

Image: Lamprell

Lamprell announced that it has been selected by GeoSea Procurement & Shipping Luxembourg SA, a wholly owned subsidiairy of GeoSea NV, the lead engineering, procurement, construction and installation contractor on the Moray East offshore wind farm, to fabricate jacket foundations for the project.Lamprell, the provider of fabrication, engineering and contracting services to the offshore energy industry, said it will fabricate 45 out of approximately 100 jacket foundations required for the wind farm, plus three jackets for the offshore substations also being installed for use on the project.Total project value is in excess of $200 million.