Friday, December 13, 2019

Energy Sector News

Jan De Nul Orders Floating Installation Vessel

Image: Jan De Nul

Luxembourg-based Jan De Nul has ordered a second mega offshore installation vessel, Les Alizés, from the CMHI Haimen shipyard in China.Together with the Voltaire, the new floating installation crane vessel will be in a super-size class of its own, capable of building the newest generation of offshore wind farms.Les Alizés, that will be ready in 2022, is equipped with a crane having a lifting capacity of 5,000 tons and equally impressive lifting heights. Les Alizés will mainly be used for the construction of offshore wind farms…

Jan De Nul orders Offshore Installation Vessel

Photo: Jan De Nul Group

Six months after the offshore installation vessel Voltaire, Jan De Nul Group orders Les Alizés, a floating installation crane vessel from the CMHI Haimen shipyard in China.Together with the Voltaire, this new vessel will be in a super-size class of its own, capable of building the newest generation of offshore wind farms. Les Alizés, that will be ready in 2022, is equipped with a crane having a lifting capacity of 5,000 tons and equally impressive lifting heights.

Pemex Posts $4.4 Bln Loss

Pemex CEO Octavio Romero Oropeza (Photo: Pemex)

Slumping revenues pushed Mexico's Petroleos Mexicanos to a net loss of 87.4 bln pesos ($4.43 billion) in the third quarter, but the struggling state oil firm said on Monday it had cut back its hefty debt load, bucking the trend of recent years.Pemex, as the company is generally known, held financial debts of $106 billion at the end of 2018, and it has been under intense pressure from international credit rating agencies to get its finances onto a more sustainable path.Fitch in June became the first major credit rating agency to downgrade Pemex's bonds to so-called junk status.

G42, ADNOC JV for AI in Oil and Gas

Photo: G42

With a goal of creating more artificial intelligence (AI) led solutions for the oil and gas sector, Abu Dhabi National Oil Company (ADNOC)  has signed a deal with compatriot technology company Group 42 (G42) to create a new joint venture.The JV will be tasked with developing and commercializing market-leading AI products for the energy sector.The agreement was signed at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) by Omar Suwaina Al Suwaidi, Director, Executive Office Directorate, ADNOC, and Peng Xiao, CEO of G42.

Poland Preps Offshore Wind Bill

Image: Polish Offshore Wind Energy Society in Gdansk

Polish Ministry of Energy has finished internal work on draft 'offshore wind act'. The draft is to be further proceeded now by Government on the legislative path through public consultations.Dedicated offshore wind act is one of the most awaited key drivers for opening and boosting of Polish offshore wind energy sector development.The ministry said that the draft is the result of “intensive work and consultations with many partners” and is now ready for “further legislative…

IRENA: Shipping Industry Must Cut Emissions

Pic: International Renewable Energy Agency (IRENA)

The International Renewable Energy Agency (IRENA) highlighted the importance of reducing shipping emissions and following the path towards a carbon-zero industry, in line with International Maritime Organization (IMO)’s sustainability targets.IRENA said that immediate action is required if the global shipping industry is to meet a target of halving its carbon emissions by the middle of the century.With heavy fuel oil covering 82 per cent of the sector’s energy needs…

ERE Opens 104MW Windfarm in Serbia

(L to R): Gilad Yavetz, CEO, Director; Miroslav Boškovic, deputy provincial secretary for energy and construction; Milos Colic, CEO New Energy Solutions; Alexander Antic, Minister of Energy and Mining; Alona Fischer Kam, Israeli Ambassador in Serbia; Yair Serousi, Enlight Chairman; Zafrir Yoeli, VP Business Development; Amit Paz, VP Operations and Engineering. Photo: Enlight Renewable Energy

Israel-based renewable energy projects developer Enlight Renewable Energy (ERE) along with its Serbian partner New Energy Solutions has officially opened its Kovacica windfarm in Serbia.The opening ceremony of the Wind farm was held in the municipality of Kovacica in the presence of the Minister of Mining and Energy Aleksandar Antic, Alona Fisher-Kamm the Ambassador of  Israel, the Representatives of the owners,  ERE, and its Serbian partner, New Energy Solutions.Kovacica clean power plant operates with 38 installed wind turbines…

DNV GL Mulls Digitalization in Wind Energy

Pic: DNV GL

Digitalization is already playing a major role in the growth of wind energy, but it can still drive further improvements in operational efficiency, decision making and cost efficiency – if it can overcome concerns around data sharing.According the report ‘Digitalization and the Future of the Wind Energy Industry’ published by DNV GL, iproving operational efficiency (identified by 52% of respondents), decision making (42%) and cost efficiency (40%) are top priorities…

Russian-led Arctic Oil Project to Cost $157 Bln

© Alexander Blinov / Adobe Stock

A ambitious new Arctic oil project led by Russia's top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia's deputy energy minister Pavel Sorokin told reporters.Vostok Oil, a joint project of Rosneft and Independent Petroleum Company (IPC), is set to include some oil fields that are already producing and others which have yet to start, including Rosneft's Vankor group and IPC's Payakhskoye field.The government has broadly agreed a new tax relief package to help develop the Arctic…

Offshore Wind: Regulatory “Takes” – Take a Close Look

© Luna Vandoorne/Adobe Stock

On April 30 the National Oceanic and Atmospheric Administration (NOAA) published a notice, requesting public comments, on a proposed “incidental harassment authorization” (IHA). An IHA is a legal and enforceable document presenting the terms and conditions with which a company must adhere in order to protect wildlife. In this case, the draft IHA was for Vineyard Wind, the wind energy company ready to start construction on an 800 MW offshore wind farm in the Atlantic, covering about 675 square kilometers, starting 14 miles from the coastline of Martha’s Vineyard.

Oil Prices Extend Losses After Saudi Pledge

© Kalyakan/ Adobe Stock

Oil prices retreated about 2% on Wednesday, extending the previous day's declines after Saudi Arabia said it would quickly restore full production following last weekend's attacks on its facilities and as U.S. crude stockpiles rose unexpectedly.Tension in the Middle East remained elevated, however, after the Saudi Defence Ministry held a news conference, displaying drone and missile debris it said was "undeniable" evidence of Iranian aggression. U.S. President Donald Trump on Wednesday said he ordered a major increase in sanctions on Iran in the latest U.S.

Mayflower Wind Bids for Massachusetts Offshore

Image: Shell

Mayflower Wind, a joint venture of Shell and EDPR Offshore North America, has submitted proposal to the state and utility company to deliver energy from offshore wind installations.The provider of cleaner energy solutions using the power of wind announced that it is participating in the latest round of Request for Proposals (RFP) for long-term contracts for offshore wind energy projects in Massachusetts.It has submitted three 800 megawatt (MW) proposals as well as a 400 MW proposal.

Low on Labor?

© zhengzaishanchu / Adobe Stock

How employers in the energy sector can address the labor shortageEarlier this year, the U.S. Department of Labor released data showing that the U.S. economy had 7.6 million unfilled jobs while only 6.5 million people were looking for employment. The energy sector is not immune to this phenomenon. In fact, the U.S. Department of Energy (DOE) Quadrennial Energy Review (QER) reports that, according to one study, the industry will “need 105,000 new workers in the smart grid and electric utility industry by 2030…

ORCA Hub Readies Drones for Offshore Energy

 Image: Heriot-Watt University

A consortium of five universities, including Heriot-Watt University, working with 35 industrial and innovation partners, has unveiled the latest results from its research collaboration.The largest academic center in the world for research into robotics technology for offshore energy infrastructure, the ORCA Hub’s aim is to advance robotics and Artificial Intelligence technologies for the inspection, repair, maintenance and certification of offshore energy platforms and assets.Creating solutions to some of the most challenging…

Corvus Energy Gets Shell Ventures Investment

Pic: Corvus Energy

Canadian-Norwegian battery maker Corvus Energy announced that it has finalized an investment deal with Shell Ventures.The investment is a step towards Shell’s ambition to decrease the carbon footprint of the energy products they sell by around 20% by 2035 and by around 50% by 2050, in step with society.Corvus Energy,  the developer and supplier of advanced energy storage systems (ESS) for maritime, offshore, subsea and port applications, said that the investment will…

Ørsted Offshore Wind Hub Comes in East Coast

Image: Orsted

Ørsted U.S. Offshore Wind announced a landmark agreement to develop Maryland’s first offshore wind energy staging center at Tradepoint Atlantic, a 3,300-acre global logistics center in Baltimore County, Maryland.Establishing a facility for offshore wind at Tradepoint Atlantic marks a major milestone in the development of Ørsted’s Skipjack Wind Farm located 19.5 miles off Maryland’s coast, and the expansion of Maryland’s offshore wind energy workforce.The developer will work with Tradepoint Atlantic…

DNV GL Can Issue IECRE Certificates Now

Pic: DNV GL

The international accredited registrar and classification society DNV GL has become the world’s first certification body approved to issue IECRE - International Electrotechnical Commission (IEC) System for Certification to Standards relating to Equipment for use in Renewable Energy applications - certificates for project certification.The Norway-headquartered organization now able to conduct conformity assessments as official Renewables Energy Certification Body (RECB) relating to project certification…

Ferrybridge Demolished for Beatrice OWF

Image: SSE

The iconic former coal-fired Ferrybridge Power Station in West Yorkshire has been demolished, before the official opening of Beatrice Offshore Wind Farm in the Moray Firth.A press release from the UK-listed energy company SSE said that the world’s fourth-largest offshore wind farm will be officially opened by HRH The Prince Charles, The Duke of Rothesay, today (Monday July 29)Situated 13km off the Caithness coast, the 84 turbines will generate 588MW of renewable energy – enough to power 450…

Hess Corp Posts Smaller Quarterly Loss

(Photo: Hess Corp)

Hess Corp reported a smaller-than-expected quarterly loss on Wednesday, helped by lower exploration costs and a surge in output in its Bakken shale and Gulf of Mexico assets that also prompted the company to raise its 2019 production forecast.The company also cut its full-year spending plans by $100 million to $2.8 billion against the backdrop of increased investor pressure to boost shareholder returns.Hess' shares rose 6.3%, the second-biggest percentage gainer on the S&P 500 Energy Index.Oil output in the United States has soared in recent years…

Cheap Gas Killing US Coal -Rystad

Graph: Rystad Energy

A new study revealed that coal power is being replaced by cleaner energy sources in the US – primarily due to an abundance of cheap natural gas.According to Rystad Energy, new renewable energy capacity from solar and wind is on the rise in the US, and April 2019 marked the first month when more electricity was generated in the country from renewable sources than from coal.However, the growing renewable energy sector alone is not wholly responsible for the on-going…