Thursday, December 13, 2018

Energy Industry News

McDermott Awarded Contract for CB&I Storage Tanks

Image: McDermott

McDermott International, the fully integrated provider of technology, engineering and construction solutions to the energy industry, announced a contract award for CB&I storage tanks from Nan Ya Plastics Corporation.McDermott's scope of work includes the engineering, procurement, fabrication and construction of four internally framed stainless-steel umbrella roof tanks in Point Comfort, Texas.

Strategic Appointment for Carlton Resource Solutions

Doug Robertson (Photo: Carlton)

Carlton Resource Solutions has strengthened its senior management team with the addition of a highly experienced director to a key strategic role.With 22 years’ experience in oil and gas recruitment, Doug Robertson has joined the Aberdeen-based business as operations director with a remit to enhance the firm’s capabilities through his expertise both in the UK and internationally.Carlton, part of the Maxwell Drummond Group, supplies engineering, technical and commercial personnel to the energy industry, including oil majors, independent operators and engineering contractors.Most recently president of operations – Canada for a global recruitment business…

LNG Booster for Canada

Image: LNG Canada

Canada could increase revenues from exports to Asia by $6.366 billion with the two new major liquified natural gas (LNG) projects in British Columbiaprojects, said a new research report.A new paper by Macdonald-Laurier Institute Munk Senior Fellow Philip Cross, titled BC’s LNG Projects: A Turning Point for Canada’s Energy Industry, makes the case that these two projects will hold considerable benefits.The most important impact could be that greenlighting these projects sends a broader message to investors around the world that Canada is able to undertake these kinds of large projects…

Denovo Delivers First Gas to NGC from Iguana Field

Image: Denovo Proman

Independent gas company DeNovo Energy, a subsidiary of the Proman Group, has made its first commercial supply of natural gas from the Iguana field in Block 1(a) off the coast of Trinidad and Tobago.According to a release from the company, DeNovo plans to deliver 80 million standard cubic feet of gas per day (MMSCFD) from the Iguana field for use by the petrochemical plants on the Pt Lisas Industrial Estate through the National Gas Company of Trinidad and Tobago. DeNovo is Trinidad and Tobago’s fifth natural gas producer.DeNovo, which became the operator of the field in 2016…

Argentina to Export First LNG in 2019

The barge-based floating liquefaction unit Caribbean FLNG will be redeployed as Tango FLNG to the Port of Bahía Blanca in the second quarter of 2019. (Photo: Wison Offshore & Marine)

Argentina is due to begin exports of liquefied natural gas from a part of its vast Vaca Muerta shale gas resource next year through a floating LNG liquefaction (FLNG) vessel provided by Exmar, the Belgian shipping company said on Wednesday.The operations, due to start in the second quarter of 2019, will introduce Argentina into the small club of around 20 countries exporting LNG while the FLNG will be only the world's fourth and the smallest.The country's state-controlled oil company YPF signed a 10-year agreement with Exmar to deploy the barge-based FLNG…

McDermott Bags Petrobras Contract

Image: McDermott

McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.The contract covers the implementation of the ultra-shallow segment of the new Rota 3 gas export pipeline, said the provider of technology, engineering and construction solutions to the energy industry.The scope of work includes design and detailed engineering, procurement, construction and installation of six miles (10 kilometers) of a 24-inch rigid concrete coated pipeline from the already installed shallow water segment of this new pipeline system to the shore…

Penspen Bags ADNOC Contract

Peter O’Sullivan (Photo: Penspen)

Penspen, a provider of engineering and project management services to the energy industry, said it has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) Onshore, with a value exceeding $70 million.The project is for the provision of project management consultancy (PMC) services for the company’s 15 major projects and will cover different stages of engineering, procurement and construction (EPC) activities, from EPC tendering stage to commissioning and close out.ADNOC Onshore is the leading onshore producer within ADNOC Group, producing 1.6 million barrels of oil and 5.6 billion cubic feet of gas per day.Peter O’Sullivan…

Ultra Petroleum Appoints David Honeyfield as CFO

Map: Ultra Petroleum

Ultra Petroleum informed that David Honeyfield has been appointed to serve as CFO of the gas producer with assets in Wyoming’s Green River Basin.A press release from the energy company engaged in domestic natural gas and oil exploration, development and production said that Honeyfield has over 25 years of experience in the energy and natural resources fields with a strong background in accounting and the corporate management of public oil and gas companies.Most recently, Honeyfield served as Senior Vice President and Chief Financial Officer of PDC Energy, Inc. and Chief Financial Officer of Jonah Energy LLC.

Renewables Could Reach 38% of German Power Use

© Rawf8 / Adobe Stock

Germany is on track to produce enough green power to cover nearly 38 percent of its electricity consumption this year, up from about 36 percent in 2017, energy industry group BDEW and research institute ZSW said on Friday.Their forecast was published with data putting the figure at 38 percent share for the first nine months of the year, helped by high wind and solar power generation."Should wind supply develop along the line of recent years' averages in the fourth quarter, then renewables could cover a share of just under 38 percent (of demand) in the full year," BDEW and ZSW said in a joint statement.The share of green energy, which also includes biomass and hydropower, reach

Orsted's Offshore Wind Power Profits Breeze Ahead

Image: Orsted

Danish wind power giant Orsted sees surge in earnings from offshore wind, driving interim profits up 14 percent and earnings up 32 percent  for the first nine months of 2018.The world’s largest wind farm operator, formerly known as Dong Energy said that the positive results are due to its transition to a 100 percent green power business and with its third quarter financial results revealing a surge in earnings from offshore wind and a jump in its green share of generation. "Our green share of generation increased from 59% to 71%," said a statement.Danish energy group  said operating profits for the first nine months of 2018 were up 14 per cent to DKK10.8bn ($1.65bn)…

Blue-Gift to Implement Marine Power Project

Wave Energy Converter at PLOCAN; UNDIGEN project. Source WEDGE GLOBAL S.L. PLOCAN

The European Marine Energy Center (Emec) in Orkney, Scotland, will lead a project to support the development of wave and tidal power in coastal areas of north-west Europe.The project has been approved by Interreg Atlantic Area which will support ocean energy demonstration throughout the Atlantic Arc.The 36-month Blue-GIFT (Blue Growth and Innovation Fast Tracked) project will implement a coordinated ocean energy technology demonstration program that encourages longer term demonstration and technology de-risking across the Atlantic Arc regions.Blue-GIFT will leverage the skills…

Blue Water Energy Partners with Apex International Energy

Pic: Apex International Energy

Apex International Energy announced that affiliates of Blue Water Energy (BWE) have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC, International Finance Corporation (IFC) and company management.The oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African countries (MENA) said that it is primarily focused on pursuing acquisitions and drilling opportunities in MENA, with an initial focus on Egypt.The company will continue to acquire assets and licenses, whilst driving value creation through the execution of production optimization opportunities…

Bourbon Awarded Floating Wind Farm Work

Installation of the Windfloat Prototype in Portugal, in 2011 (Photo: Bourbon Subsea Services)

Bourbon Subsea Services has been selected by Windplus to install three floating wind turbines of 8.3 MW, 20 km off Viana do Castelo, Portuguese coast. These turbines, with a total capacity of 25 MW, are the most powerful in the floating offshore wind industry. The project includes project management, engineering and the procurement of the complete mooring system (supplied by Vryhof).The mooring systems with three sets of three mooring lines will be pre-laid in the first phase. The wind turbines will be then towed to the offshore site and hooked up in a second phase, which will also include the installation and hook up of the inter-array electrical cables.

U.S. Announces Major Offshore Wind Developments

Gulf Island Fabricators constructed offshore wind turbine  jackets for Deepwater Wind’s Block Island Wind Project off Rhode Island. BOEM Photo/Sid Falk

U.S. Secretary of the Interior Ryan Zinke announced three major developments in American offshore wind energy spanning from coast to coast.The Secretary spoke at the American Wind Energy Association’s Offshore Wind Conference and announced 1.) much-anticipated wind auction in federal waters off the coast of Massachusetts; 2.) the environmental review of a proposed wind project offshore Rhode Island; and 3.) the next steps to a first-ever wind auction in federal waters off of California.“I'm very bullish on offshore wind, and harnessing this renewable resource is a big part of the Trump Administration's made in America energy strategy…

Wintershall CEO Meets Norwegian Prime Minister on Growth Plans

Photo: © Wintershall/Bernd Schoelzchen

Mario Mehren, CEO of Wintershall, Germany's largest crude oil and natural gas producer, has presented Wintershall’s growth plans in Norway during a visit by Norway's Prime Minister, Erna Solberg, to Berlin.Mehren announced a further increase in production during a discussion with the Prime Minister and representatives of German energy politics and the energy industry, which was held at the Norwegian Embassy."It has become clear during the last few weeks that Wintershall and DEA will become the company Wintershall DEA within the next year. As Europe's leading independent gas and oil producer, we will continue to expand our activities in Norway," said Mehren.

Oil at 2014 Highs on Iran Sanctions, NAFTA Deal

© Jim / Adobe Stock

Oil futures extended their rally on Monday, hitting their highest levels since November 2014, as U.S. sanctions on Iran come into force and a North American trade deal fosters growth.The United States and Canada forged a deal on Sunday to salvage the North American Free Trade Agreement (NAFTA) as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse."I think the NAFTA 2.0 deal helps prices - it takes away from some of the concerns that the trade war was going to impact growth," said Phil Flynn, an analyst at Price Futures Group in Chicago.

Smarter Energy Policy Will Broaden Offshore Recovery

For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U.S. Gulf of Mexico. Thankfully, the tide appears to finally be turning.In August, Gulf of Mexico Lease Sale 251 drew increased competition for offerings and $178 million in high bids, $53 million more than previous sale held in March. The results of the August sale reaffirm the paradoxical state of an offshore energy industry in slow recovery mode…

In U-turn, Exxon, Chevron to Join Rivals in Climate Initiative

© immaginario75 / Adobe Stock

Exxon Mobil, Chevron and Occidental Petroleum are joining a group of international oil and gas giants in an initiative aimed at curbing carbon emissions in the sector, they said in a statement on Thursday.The move marks a U-turn for Exxon Mobil and Chevron, the top two U.S. oil and gas producers which had resisted joining the Oil and Gas Climate Initiative (OGCI) after its launch in 2016.The OGCI currently comprises 10 firms including BP, Royal Dutch Shell, France's Total as well as national oil companies of China, Mexico, Brazil and Saudi Arabia. Together with the new U.S.

Excelerate, TGS Join for Argentina LNG Export Study

Image: Excelerate Energy

Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina.Argentina currently imports liquefied natural gas (LNG) through two floating import terminals, particularly during the country's peak winter consumption.The successful development of Argentina's shale gas reserves resulted in a potential excess of natural gas during the summer months. The project aims at studying the technical and commercial viability of liquefying and exporting natural gas during the summer season…

Gasum acquires Enegia's power market services

© Jani Riekkinen / Adobe Stock

Finland's state-owned gas firm and transmission system operator Gasum acquired the customer base of power broker Enegia, a company that handles the trading of about a quarter of the country's electricity use, the firm said on Friday.The transaction, the value of which was not disclosed, involves Enegia's portfolio services, electricity trading customer base and a small number of staff."The acquisition will strengthen Gasum's Nordic strategy by enabling service expansion in the energy wholesale market and creating a platform for expanded product offering to its customers," Gasum said in a statement.Enegia's customer base includes over half of the 100 largest Finnish firms, it a