German Trains to Run on Offshore Wind
German Rail (Deutsche Bahn – DB) has closed Germany’s first power purchase agreement (PPA) to buy electricity from an offshore wind farm.German Rail has signed a five-year deal starting in 2024 to buy the output of 25MW, or 8%, of the 295MW Nordsee Ost wind farm in the North Sea from utility Innogy and RWE Supply & Trading.The contract will run for five years, beginning in 2024. The supplied volume comprises 25 megawatts, which is the equivalent of four wind turbines.
Deutsche Bahn Signs Offshore Wind PPA in Germany
German railway company Deutsche Bahn AG (DB) will be purchasing about 8% of the total production of the 295-MW Nordsee Ost offshore wind farm from 2024.Deutsche Bahn will continue to steadily increase its purchase of electricity from renewable energy sources in the coming years. The relevant agreements for the supply of green power from the offshore wind farm Nordsee Ost between DB Energie GmbH, innogy SE and RWE Supply & Trading have been signed.The contract will run for five years, beginning in 2024.
Petronas Expands LNG Supply
Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) said that it is well-positioned to meet rising LNG demand and expands its flexible and innovative LNG solutions for existing and new markets."With its growing portfolio of LNG supply sources in Malaysia, Australia, Egypt and soon in Canada, Petronas is well-positioned to provide clean energy through its flexible and innovative LNG solutions to existing and new demand markets…
Qatargas, PetroChina Sign 22-Years LNG Supply Deal
Qatargas, the world’s largest LNG producer, has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited (PetroChina), to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum.Under the 22-year SPA, which ends in 2040, Qatargas will supply LNG from the Qatargas 2 project, a joint venture between Qatar Petroleum, ExxonMobil and Total…
Gas to Become World's Primary Energy Source by 2035
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today.Gas will become the largest single source of energy from 2034.DNV GL’s Energy Transition Outlook (ETO), a forecast that spans the global energy mix to 2050…
Siemens Gamesa, Van Oord win $580 mln Dutch wind farm contract
Wind turbine maker Siemens Gamesa and Dutch marine contractor Van Oord said on Friday they have won a contract worth more than 500 million euros ($580 million) to build a large wind farm in the Netherlands.The 380 megawatt (MW) wind farm on IJsselmeer lake is expected to provide enough energy to power around 380,000 households from mid 2021.Spain's Siemens Gamesa will design and supply 89 wind turbines and service the wind farm for at least 16 years.
Keppel Wins FPSO, FSRU Contracts
In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a Floating Production Storage and Offloading vessel (FPSO). This is the sixth FPSO collaboration between Keppel FELS Brasil and MODEC.In Singapore, Keppel Shipyard Ltd (Keppel Shipyard)…
Gas to Overtake Oil as Primary Energy Source by Mid-2030s
Nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s. Confidence in the case for gas is growing, according to a survey by DNV GL, the technical advisor to the industry. The vast majority (86%) of the 813 senior industry professionals surveyed agree that gas - the…
Wind Farms Boost Tax Base for Local US Governments
Wind farms have boosted local tax bases and generated new revenue as they expand across the United States, especially for rural areas, Moody's Investors Service said in a report on Monday."What we're seeing is wind farms generate new operating revenues, lower the tax burden for local residents," Moody's analyst Frank Mamo told Reuters. "In many cases, local governments are using this new money to address what was a growing backlog of deferred capital expenditures."In Adair County…
India to Auction 60 Small Discovered Oil, Gas Fields
India will auction 60 discovered small oil and gas fields with the potential to produce 194.65 million tonnes of oil and oil equivalent gas, the government said in a tweet after a cabinet meeting. Blocks that will be auctioned were originally controlled by Oil and Natural Gas Corp and Oil India Ltd. The fields have remained undeveloped for years due to their small size and the high cost of development. India, the world's third-biggest oil consumer…
India to Auction 55 Oil and Gas Exploration Blocks
India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country's first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream regulator said. The world's third biggest oil importer last year eased rules and allowed companies to carve out areas where they want to drill to attract greater interest and quickly monetise as much as 220 billion barrels of oil and gas resources. The identified blocks, spread over a 59,000 sq.
DNV GL Takes First Place
DNV GL won first place in a competition organized by GRTgaz, the French natural gas transmission system operator, who runs a series of challenges over the year to identify innovative concepts to optimize their operations. The winning solution is aimed at reducing the carbon emissions associated with pipeline maintenance activities. The specific objective of this innovation challenge, which is part of GRTgaz’s Open Innovation program…
Hovem Named CEO of DNV GL Oil & Gas
Liv Hovem will step in as CEO of DNV GL’s Oil & Gas business area from January 1, 2018. She will be based at the DNV GL – Oil & Gas headquarters in Høvik, Norway as a member of the DNV GL Group's Executive Committee reporting to Group President and CEO Remi Eriksen. Hovem succeeds Elisabeth Tørstad, who has been appointed CEO of DNV GL’s new Digital Solutions business area. Hovem has been with DNV GL since 1988, most recently as Regional Manager for Continental Europe, the Middle East and India in DNV GL’s Oil & Gas business.
GE Closes Baker Hughes Deal, Becomes No. 2 Oilfield Service Provider
General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world's second-largest oilfield service provider by revenue. With headquarters in London and Houston, the combined company will have roughly $23 billion in annual revenue and offer oilfield gear including blowout preventers, pumps, drilling, chemicals, other products and services for oil producers in 120 countries.
Coal: India's Energy Mainstay for Next 30 Years
Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters. The country is the world's third-largest coal producer and the third-biggest greenhouse gas emitter. It depends on coal for about three-fifths of its energy needs and aims to double its output to 1.5 billion tonnes by 2020.
Oil-Starved India to Expedite Exploration Auction
India plans to auction some oil exploration blocks by June and will allow bidders to carve out areas where they want to drill in order to attract greater interest, a government official told Reuters on Wednesday. The move is part of a drive by New Delhi to quickly generate income from its oil and gas reserves. India overhauled its exploration licensing last year with a shift to a revenue sharing model, while also allowing pricing and marketing freedom to the operators.
Technip, Chemetry Ink eShuttle Technology Deal
Technip and Chemetry have signed an exclusive cooperation agreement for the licensing and engineering of Chemetry’s eShuttle technology for the production of ethylene dichloride (EDC). EDC is a commodity chemical produced worldwide and used primarily for PVC(1) plastic production. The technology significantly lowers energy use, reduces the carbon footprint and improves the safety of the chlor-alkali and EDC industries. The technology…
Ampelmann Produces Winterized Offshore Gangway
On April 14, 2016, offshore access solutions company Ampelmann and Sakhalin Energy Investment Company Ltd. signed an agreement to install and operate a winterized version of an Ampelmann’s motion compensated gangway system. This system will be capable of safely and efficiently transferring work crew up to -28 degrees Celsius, therefore supports Sakhalin Energy’s requirements to continue maintenance and increase offshore POB year round in the Sakhalin-2 field.
Enbridge Commissions STATS to Repair Export Pipeline
A major North American pipeline operator commissioned pipeline technology specialist STATS Group to execute the isolation of one of its key export pipelines. Enbridge Pipelines Inc, (Enbridge) required the double block and bleed isolation on a 48” crude oil pipeline as part of a scheduled line shutdown to facilitate the repair of a receiver valve. In what is believed to be the first onshore piggable solution of its type completed in Canada…
Oil Service Firms Jostle for India Orders Amid Global Spending Cuts
Oilfield services firms are scrambling for contracts from India, which has emerged as a rare bright spot for the sector hardest hit by a slump in global crude oil prices that has driven most countries to slash spending on exploration and production. This fiscal year, state-run Oil and Natural Gas Corp (ONGC) plans to boost its capital spending by more than a fifth to 362.49 billion rupees ($5.7 billion), in stark contrast to analysts' forecasts for energy firms globally to cut spending by a fifth in 2015.