Tuesday, May 18, 2021

North Sea News

When is a Cargo of Oil Certified "Carbon Neutral"? Ask Lundin Energy

(Photo: Lundin Energy)

Sweden's Lundin Energy has sold to Italian refiner Saras what it said is the world's first oil cargo certified as carbon neutral at the point of production, the two companies said on…

Inside the Red-Hot Offshore Wind Energy Market

Louis Dreyfus Armateurs owned SOV Wind of Change. Photo courtesy Cemre Shipyard

As the traditional offshore oil and gas markets continue to struggle, the renewable offshore wind market is hot and getting hotter.As the cumulative maritime, offshore, port and logistics…

Reversing the Flow – Repurposing Wells for Carbon Capture & Storage?

© Dmitry Kovalchuk/AdobeStock

2020 is a year that’ll be remembered for many reasons. COVID-19 aside, it’s been a turning point for the offshore industry, one where net-zero solutions have been top of the agenda…

Geothermal Energy: A New Life for Old Offshore Oil Wells?

© Naeblys/AdobeStock

Old offshore oil wells could be turned into geothermal energy producers under a plan by a new consortium. The group, The Aquarius North Sea Geothermal Consortium, is “actively” working…

Denmark Might Not Reach Its 2030 Emissions Reduction Goal as It 'Relies on Unproven Tech'

The Nordic country in 2020 set one of the most ambitious and legally binding climate targets in the world - cutting CO2 emissions by 70% by 2030 compared to 1990 levels, but its government has yet to come up with a detailed plan for how to achieve that target. Image by; freddytb Foto/AdobeStock

Denmark risks not reaching its goal to cut carbon emissions by 70% by 2030 because it is too reliant on unproven technology, an independent council monitoring the effort said on Friday.The…

Global Crude Market Finds Support From China Demand

© momentscatcher / Adobe Stock

China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders…

Norwegian Businesses See Rise in Wind Industry Orders

© pedrosala / Adobe Stock

Onshore wind companies provided the largest revenue stream for the Norwegian renewables industry from sales of equipment, construction and consultancy services in 2019, overtaking hydropower…

Digitalization: Trust - The Keystone for Digital Transformation

© peshkova/AdobeStock

The slowdown of the world economy and plummeting energy consumption have eclipsed most other industry news. Oil exporting countries are coming to terms with limiting production to sustain reasonable prices…

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

© Nord Stream 2 / Axel Schmidt

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline…

Amprion Sets Out North Sea Offshore Wind Grid Vision

Illustration; Image by Tim HvW - AdobeStock

German power grid company Amprion on Wednesday unveiled long-term plans for joint European offshore wind links in the North Sea and announced a trebling of spending in the next 10 years.Amprion…

Innogy Picks Most Powerful Wind Turbine for Its Largest Offshore Wind Project

SG 14-222 DD Turbine - Credit:SGRE

Offshore wind developer Innogy has chosen giant 14 megawatt (MW) offshore wind turbines for its flagship 1.4 gigawatt (GW) Sofia Offshore Wind Farm, located 195 kilometers from the…

Norway Oil Companies Slash Investment Plans

Offshore rigs in Norway - Credit: BjrnKristian/AdobeStock

Norwegian oil and gas investment, a key economic driver, is expected to decline sharply in 2021 after rising less than previously anticipated this year, an industry survey by the national…

Price Drop Triggers Haggling Over Oil and Gas Deals

The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging…

Trafigura Takes a Bet with North Sea Oil

Ekofisk field in the North Sea - Credit: ConocoPhillips - Image for illustration

Commodities trader Trafigura has seized the moment and taken a rare dominant position in the North Sea crude market over the past two weeks as oil demand jumped, trading sources said.A…

Poland's PGNiG Expects Over 100,000 Tons of Oil from Skogul in 2020

Processing of oil and gas from Skogul takes place on Alvheim FPSO. Illustration: Aker BP.

Polish oil company PGNiG said Monday it expects to produce about 115 tons of oil from the Skogul field offshore Norway in 2020.First oil from Skogul, located in the North Sea, offshore Norway was achieved in March, 2020.

Petrofac Starts Rubie and Renee P&A Work

WilPhoenix semi-submersible drilling rig - Image by Joe deSousa - Flickr, Shared under CC0 license

UK oilfield services firm Petrofac has kicked off the plugging and abandonment work on the Rubie and Renee fields in the North Sea using Awilco's WilPhoenix rig.Petrofac won the Rubie…

ENGIE Fabricom, Iemants JV to Build Hollandse Kust (North) Substation

Illustration only - Credit:halberg-AdobeStock

A consortium of the Belgian companies ENGIE Fabricom and Iemants will supply the offshore substation platform for the Hollandse Kust (North) wind farm in the Dutch North Sea, TenneT…

Seastar Wind Farm Connected to Elia's MOG

Photo of the MOG - Credit: Elia

Belgium’s high-voltage transmission system operator Elia has informed said that the connection of the Seastar offshore wind farm marked the completion of Elia’s offshore power hub Modular Offshore Grid (MOG)…

Deme Offshore Joins Neptune's Hydrogen Project

Image Credit: Neptune Energy

Offshore installation contractor Deme Offshore has joined Neptune Energy's PosHYdon pilot, the world’s first offshore green hydrogen project, being developed in the Dutch North Sea.Part of the Belgian Deme Group…

First Turbine Installed at Borssele III/IV Offshore Wind Project

Image Credit: MHI Vestas Offshore Wind

The first offshore wind turbine has been installed at the Borssele III/IV wind project in the Dutch North Sea, the turbine builder MHI Vestas Offshore Wind has said."The first turbine…