Wednesday, February 19, 2020

North Sea News

Chrysaor Backs Mocean Subsea

Image: Mocean Energy

Mocean Energy, global wave energy player, has teamed up with energy major Chrysaor, subsea energy storage experts EC-OG and AUV specialist Modus in a project to look at using renewables for subsea power.The project…

Siemens Hands Over BorWin3 to TenneT

Image: Siemens

The BorWin3 offshore wind grid connection project in the German North Sea has been handed over to the German/Dutch transmission grid operator TenneT, by contractors Siemens and Petrofac.The…

Upstream Sector Leads O&A M&A in 2019

Graph: GlobalData

A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions…

UK Readies Carbon Storage Road-map

Image: Oil and Gas Technology Centre (OGTC)

Heriot-Watt University researchers are to map out the UK’s best sites for carbon capture by studying the geology of depleted gas fields in the North Sea.The team led by Professor John…

Are OSVs Fit for Refit for Offshore Wind?

BEFORE: Island Clipper: Island Offshore of Ulsteinvik, Norway, has had success with conversions.  “before” and “after”.  Photos: Island Offshore

While it is generally agreed that the nascent offshore wind energy market in the U.S. will be a newbuild market, there is a repair and conversion possibility for some stacked OSVs.Though…

PGNiG Acquires Duva Field in Norway

Image: PGNiG

PGNiG Upstream Norway, a subsidiary of Polish Oil and Gas Company (PGNiG), has obtained a final administrative consent to purchase additional 10% interests in the PL636 and PL636B licences…

Manor to Power Borssele 1&2 OWF

Image: Manor Renewable Energy (MRE)

UK-based marine engineering specialist Manor Renewable Energy (MRE) has signed a contract with Ørsted for the Borssele 1 & 2 Offshore Wind Farm (OWF), under which MRE will provide temporary…

Saudi Aramco joins oil blockchain platform Vakt

© Siarhei / Adobe Stock

Saudi Aramco Energy Ventures has bought into blockchain-based trading platform Vakt with $5 million in new shares, Vakt said on Tuesday.Aramco Trading Co, a subsidiary of Saudi Aramco…

TenneT Signs 5yr Contract with LR

Photo: Lloyd's Register

The maritime classification society Lloyd's Register Group Limited (LR) has secured a significant contract win with the European electricity transmission system operator TenneT.The…

PGNiG: Polish LNG Import Jumps Up

Graph:  PGNiG

LNG imports to Poland via the Świnoujście LNG Terminal  keep rising and stood at 3.4 billion cubic metres in 2019 after regasification, up from 2.7 bcm the year before."The first quarter…

Stork Worley JV Wins Neptune Energy Gig

Stork’s Carla Rodenburg together with Lex de Groot, Neptune Energy, and Worley’s Jim Lenton sign a four-year engineering services agreement for Dutch assets in the North Sea. (L to R with pens in hand) (Photo: Business Wire)

Stork Worley Integrated Solutions, a joint venture of American multinational engineering and construction firm Fluor Corporation, has secured a four-year framework agreement for EPCIC (engineering…

US Offshore Wind Capacity to Reach 20GW by 2030

Graph: Rystad Energy

Installed offshore wind capacity in US waters could reach 20 gigawatts by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s, according to new research…

Pandion Energy Completes Duva Stake Sale

Jan Christian Ellefsen, CEO, Pandion Energy. (Photo: Marte Garmann)

Norwegian oil and gas company Pandion Energy has completed the sale of its 10 percent non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 686B.According…

Offshore Energy Outlook for 2020

Equinor’s Hywind Tampen project will use floating wind turbines to provide power to the Snorre and Gullfaks oil and gas production facilities.  (Image: Equinor)

The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn.

DNV GL, DNO Pact on North Sea

(L-R) Geir Egil Eie, Head of Department, Subsea and Asset Risk Management, DNV GL – Oil & Gas, Arve Johan Kalleklev, Regional manager, Norway, DNV GL – Oil & Gas. Photos: DNV GL

The international accredited registrar and classification society DNV GL has been awarded a framework agreement by the Norwegian oil and gas operator DNO ASA to provide a broad portfolio…

Offshore: OSV Market Report

Photo courtesy Ulstein Group/Marius Beck Dahle

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices…

Rever Completes North Sea Decom Project

Barry Macleod. Photo: Rever Offshore UK Limited

Subsea services provider Rever Offshore has successfully completed a North Sea infrastructure decommissioning project of the Greater Dunlin Area for Fairfield Energy.The subsea project…

North Sea Countries to Boost Offshore Wind

Image: WindEurope

Energy Ministers from North Seas countries met yesterday (December 04) in Brussels and agreed their 2020 Work Program on offshore wind deployment as a means of reaching climate neutrality…

Ørsted, Covestro Ink World's Largest Offshore Wind PPA

Borkum Riffgrund 1 Offshore Wind Farm adjacent to the planned Borkum Riffgrund 3 project. (Photo: Ørsted)

Polymer materials supplier Covestro has signed a 10-year corporate power purchase agreement with Ørsted to buy the output of 100MW from the planned Borkum Riffgrund 3 offshore wind farm…

KCA Deutag Wins UK North Sea Contract Extension

Image: KCA Deutag Group

Canadian Natural Resources International (CNRI) has awarded KCA Deutag a five-year extension to a drilling operations and maintenance services contract.The UK-based international oil…