Wednesday, April 1, 2020

Energy Sector News

Saipem, Equinor Working on Floating Solar Panels

Credit: Saipem

Italian oilfield services firm Saipem, and Norwegian oil and gas company Equinor are teaming up to develop a floating solar panel park solution for near coastal applications and rough weather conditions.According to a statement by Saipem, the technology will be based on the in-house developed concept by offshore rig designer Moss Maritime, part of Saipem's XSIGHT division dedicated to high value-added services, which is a modularized system, designed for easy fabrication…

U.S. Clean Energy Sector Seeks Subsidies to Keep Projects Moving

© Federico Rostagno

Wind and solar energy companies on Thursday called on Congress to pass tax incentives that would help the sector avoid project delays and keep financing flowing amid a pandemic that has choked off supply chains and slowed construction.In a letter to House and Senate leadership, seven clean energy trade groups asked lawmakers to extend deadlines that would allow their projects to qualify for generous wind and solar federal tax credits despite delays caused by the spread of the coronavirus across the globe.The American Wind Energy Association…

AS Mosley, Fugro Get Funding for FOWT Tech

Credit: AS Mosley

Aberdeenshire-based offshore simulation and analysis company, AS Mosley, Dutch Fugro, together with Strathclyde University, have been awarded funding from The Carbon Trust, to develop new technology for monitoring Floating Offshore Wind Turbines (FOWT). As one of eight projects to benefit from a share of £1m from The Carbon Trust, the project will see the development of a highly efficient method for measuring fatigue and detecting anomalies in real-time for the renewable energy sector…

A&P Group Now Works on Renewables Only

Image: A&P Group

The global ship repair, conversion and fabrication specialist A&P Group is now using 100% renewable energy across all three of its facilities as it aims to improve its green credentials and meet Government targets.The UK-based A&P Group with three shipyards located in Hebburn, Middlesbrough and Falmouth said it is committed to improving the sustainability of its services and reducing carbon emissions to ensure it meets UK Government’s legal requirement of bringing all greenhouse gas emissions to net zero by 2050.A&P Group’s decision to buy its energy from Haven Power…

Canadian Energy Sector to Boost Spending

© muratart / Adobe Stock

Capital spending by Canada's oil and gas industry will rise by 6%, or C$1.9 billion, in 2020 from the previous year, halting a six-year decline due to improving economics, the Canadian Association of Petroleum Producers (CAPP) forecast on Thursday.CAPP said a corporate tax cut by Alberta's provincial government last year and its easing of oil production limits will lead to higher spending.Congested pipelines created a glut of oil in storage in the Western Canadian province in recent years…

Project INNTERESTING Aims to Accelerate Wind Technology

The European project INNTERESTING aims to accelerate wind energy technology development and to extend the lifetime of wind turbine components.Coordinated by the Technological Research Center IKERLAN, Project INNTERESTING, has a budget of $5.2M (€4.75M) and it is financed by the European Union´s H2020 Research and Innovation Program. The full name of the project is “Innovative Future-Proof Testing Methods for Reliable Critical Components in Wind Turbines”. This project…

PGNiG Open to Mergers with State-run Firms

(Photo: PGNiG)

Polish gas company PGNiG is open to consolidation with other energy companies, its newly appointed chief executive said on Friday, as the government tries to merge state-run firms to strengthen their market position.The Polish state is a major shareholder in the energy sector, which is undergoing unprecedented consolidation, with PKN Orlen planning to take over refiner Lotos and state utility Energa.Poland's government plans to merge the country's two biggest refiners to create a bigger player capable of competing on international markets."We want to be treated not just as a fir

NKT Bags East West Interconnector Contract

Image: NKT

The Irish power grid operator EirGrid has awarded NKT a service contract for the interconnector connecting Ireland and Great Britain.The cable and cable accessories supplier to the energy sector has been awarded a five-year service agreement by the Irish power grid operator EirGrid for cable related services including repair works for the East West Interconnector.The 200 kV HVDC power cable with capacity of 500 MW between Ireland and Great Britain is connecting the countries power grid ensuring the high transmission security needed to power modern life.For NKT…

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.

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…

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.

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…

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…

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…

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…

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…

Oil Prices Extend Losses After Saudi Pledge

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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.