Monday, January 20, 2020

Global Demand Lifts Schlumberger Profits

© Igor Golovnev / Adobe Stock

Schlumberger NV reported a 9.4% rise in adjusted quarterly profit on Friday, as buoyant demand in international markets helped the world's largest oilfield services provider make up for lower drilling activity in North America.Net income fell to $333 million, or 24 cents per share, in the fourth quarter ended Dec. 31, from $538 million, or 39 cents per share, a year earlier.The year-ago quarter included a gain from an asset sale.Excluding charges and credits, net income rose to $545 million, or 39 cents per share, from $498 million, or 36 cents per share.(Reporting by Shariq Khan in Bengaluru; Editing by Sriraj Kalluvila)

Oilfield Services Giants Start Year with Asset Sales

Illustration - Image by pichitstocker - Adobe Stock

Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand.Oilfield service providers are facing reduced spending by oil and gas producers as investors push for higher shareholder returns rather than more drilling activity. Competition also is forcing service companies to exit less profitable businesses. The trio, which hold about 26% of the global oilfield services market, according to consultancy Spears & Associates, recently disclosed plans to review operations in light of declining demand for their services.

Qatargas Delivers 1st Cargo to Summit LNG

Image: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas Operating Company Limited (Qatargas) has delivered the first Q-Flex cargo of the chilled fuel to the Summit LNG floating storage and regasification unit (FSRU) located offshore Bangladesh.The cargo, aboard Qatargas-chartered 'Al Safliya', was loaded at Ras Laffan Port on 27 December 2019 and delivered to the FSRU on 14 January 2020.This is the first commercial open water ship-to-ship transfer involving a Q-Flex vessel delivering to Petrobangla (LNG buyers) at their Summit LNG Terminal (SLNG).SLNG is a project jointly developed by Excelerate Energy and the Bangladesh Oil…

Wood Group Sees Higher Annual Earnings

Wood is delivering brownfield modifications services to Equinor’s Martin Linge offshore installation on the Norwegian continental shelf. (Photo: Jan Arne Wold / Woldcam / Equinor)

Oilfield services provider John Wood Group Plc expects higher core earnings in 2019, with strong performance in its engineering services unit in the Middle East, Asia and the Caspian region offseting slowing U.S. onshore drilling demand.The Aberdeen-headquartered company said on Thursday adjusted earnings before interest, tax, depreciation and amortization (EBITDA) is expected to be in a range of $850 million to $860 million for the year ended Dec. 31, compared with $693.8 million a year earlier.(Reporting by Shanima A in Bengaluru; Editing by Subhranshu Sahu)

Aramco Mulls Offshore Oil Expansions

Graph: GlobalData

Saudi Aramco is continuing to focus significant efforts on crude oil expansion. The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstream investment over the next three years.According to GlobalData,  five major expansion projects – four crude and one natural gas – are being planned to boost output in Saudi Arabia."Although these developments will also add gas and NGL capacity, the main addition will be oil," said Somayeh Davodi, Oil and Gas Analyst at GlobalData.One eighth of the world’s crude oil from 2016 to 2018 was produced by Saudi Aramco.

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…

Floatgen Output Doubles in H2 2019

Image: Ideol

The 2 MW Floatgen floating wind turbine, the first wind turbine installed offshore France, more than doubled its power production in the second half of 2019 compared to the first semester, reaching an annual total of 6GWh.According to the developer Ideol, which installed floating foundation on the Sem-Rev test site (Atlantic Coast of France), the number was achieved because of a time availability exceeding 94.6% in the second semester and an above-average capacity factor.During the second half of 2019, the wind turbine faced maximum wave heights of up to 12.5 meters (= significant waves of up to 6.5 meters)…

Germany’s biggest OWF Operational Now

Image: EnBW

Germany’s biggest wind farm has been fully connected to the grid. According to EnBW Energie Baden-Württemberg AG  (EnBW), its  Albatros offshore wind farm is  located roughly 100 km off the coast of Germany."The Hohe See offshore wind farm has already been in operation since October 2019. Now its smaller neighbour Albatros is also producing electricity," it has informed.The Albatros project features 16 Siemens Gamesa Renewable Energy SWT-7.0-154  turbines. Albatros is located near the 497 MW Hohe See project which consists of 71 SWT-7.0-154 turbines.

Oil And Gas Discoveries Hit 4-Year High

Graph: Rystad Energy

The global oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015.According to Rystad Energy, last year recorded 26 discoveries of more than 100 million boe, with offshore regions dominating the list of new oil and gas deposits.Guyana’s success story from 2018 continued in 2019, with ExxonMobil adding four new discoveries within its offshore Stabroek block, while Tullow Oil’s Jethro and Joe exploration wells established the presence of a working petroleum system to the west of the Stabroek block.

Indonesia Plans New Gas Pricing for Industrial Users

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Indonesia plans to unveil a new gas pricing policy for industrial customers in March in a bid to lower energy costs for manufacturers, Energy and Mineral Resources Minister Arifin Tasrif said on Thursday.Indonesia's President Joko Widodo earlier this week asked his cabinet to come up with a strategy to lower gas prices for manufacturers to around $6 per million British thermal units (mmbtu).Manufacturers have been complaining about gas prices running at about $8-$9 per mmbtu, despite a 2016 rule that ordered energy companies to cut natural gas prices for some industries.The energy ministry is studying a so-called Domestic Market Obligation (DMO)…

Tecade Ships Out First Moray East TP

Image: Tecade

The first transition pieces manufactured by the Spanish steel fabrication company Tecade for the 950MW Moray East offshore wind project in Scotland have departed from the Port of Seville.The pieces are sent by sea from Seville to Navantia in Puerto Real, where the assembly with the upper part of the jacket will take place, said a press note from the metal heat treating service provider in Spain.In total there will be 20 TPs that once assembled, will finally be destined to Newcastle (UK) for the complete assembly of the structure.In this way…

Apache Makes Major Discovery Offshore Suriname

Photo courtesy of Total

Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%.The discovery, dubbed "among the most anticipated in the world" by one brokerage, is seen as central to Apache's efforts to reduce its reliance on the Alpine High venture in Texas' Permian basin, which has suffered from a dive in natural gas prices.Analysts said it was impossible to ascertain as yet how much oil the well would generate but it is just over…

Equinor Targets Zero Emissions

The Johan Sverdrup field in the North Sea. (Photo: Ole Jørgen Bratland / Equinor)

Norwegian oil producer Equinor aims to cut greenhouse gas emissions generated at offshore fields and onshore plants in Norway by about 40% in the coming decade and to near zero by 2050, it said on Monday.The cuts could allow Norway, western Europe's top oil and gas exporter, to continue to pump millions of barrels of oil even as the country seeks to fulfill obligations under the 2015 Paris climate agreement to slash domestic emissions.Equinor and its partners plan to invest around 50 billion Norwegian crowns ($5.7 billion) by 2030 to cut emissions to an annual rate of about 8 million tonnes from 13 million tonnes recorded in 2018…

Energean, DEPA Pact for EastMed Pipeline

Image: Energean

UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project.The have signed a Letter of Intent (LoI) for the potential sale and purchase of 2 BCM natural gas per annum from Energean’s gas fields offshore Israel, where Energean is investing $1.7 billion for the development of the Karish & Tanin fields through the FPSO “Energean Power”.DEPA, as a 50% shareholder of the IGI Poseidon – a Joint Venture…

SGRE Reaches $1.9Bn Green Guarantee Lines

Image: Siemens Gamesa Renewable Energy

Siemens Gamesa Renewable Energy (SGRE) has announced that in less than a year, and aligned to its commitment to sustainability it has accumulated €1.72 billion ($1.9Bn) in green guarantee lines."SGRE is moving forward in its strategy of making sustainability a key element of all aspects of its business, including its funding strategy," said a press statement.Siemens Gamesa recently extended a guarantee line from Danske Bank to €150 million from an initial €100 million and included Sustainable Development Goals (SDG) criteria. Likewise, the…

US Drillers Cut Oil Rigs

© zef art / Adobe Stock

U.S. energy firms reduced the number of oil rigs operating for the second straight week as producers follow through on plans to slash spending on new drilling.Drillers cut 7 oil rigs in the week to Jan. 3, bringing the total count down to 670, energy services firm Baker Hughes Co said in its closely followed report on Friday.In the same week a year ago, there were 877 active rigs.Even though the number of rigs drilling new wells has fallen in 2019, U.S. oil output has continued to increase. In part this is because the productivity of remaining…

Britain's Zero-carbon Power Outstrips Fossil Fuels in 2019

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Britain, the birthplace of coal power, produced more electricity from zero-carbon sources such as wind, solar and nuclear than from fossil fuel plants for the first time in 2019, National Grid said on Wednesday.Having built the world's first coal-fired power plant in the 1880s, coal became Britain's dominant electricity source and a major economic driver for the next century. But last year Britain became the first G7 country to commit to reaching net-zero emissions by 2050 and in November will host the United Nations' international climate talks in Glasgow."As we enter a new decade…

Estonia Mulls OWF in Gulf of Riga

Image: Eesti Energia

The Estonian government's decision to initiate the construction permit procedure for the Gulf of Riga offshore wind farm allows Eesti Energia to continue its research and search for partners for the construction of an offshore wind farm in the Gulf of Riga.Eesti Energia, the state-owned international energy company that operates in Baltic countries, said that the Gulf of Riga offshore wind farm has the potential to become the first joint Estonian-Latvian renewable energy production project, as the Latvian-developed wind farm development area is only 10 km away from the Gulf of Riga."There is no experience of building an offshore wind farm in Estonia…

Eni Extends Abo FPSO Contract

Image: BW Offshore

BW Offshore, a provider of floating production services to the oil and gas industry, has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A.The contract is extended until end Q4 2020, with options until Q4 2021, said a press release from the Oslo Stock Exchange listed company.BW Offshore is represented in all major oil and gas regions world-wide with a fleet of 15 owned FPSOs.The company has more than 30 years of production track record, having executed 40 FPSO and FSO projects.

WindFloat Atlantic Platform Heads Offshore

Image: EDP

The second of the three platforms for the WindFloat Atlantic project has left the Port of Ferrol for its final destination 20 kilometers offshore Viana do Castelo, Portugal.Upon arrival to the project site, it will be installed next to the first floating platform, which has the exact same dimensions: 30 meters in height and with a 50-meter distance between each column. The third and final platform, once it arrives to the site, will complete the first floating offshore wind farm in Continental Europe.Transportation of the three WindFloat Atlantic floating structures is a milestone in itself…

Gazprom Neft Crosses 12-MT Oil at ARCO

Image: Gazprom Neft

Russian oil and gas company Gazprom Neft said that its Prirazlomnaya offshore platform in the southeastern Russian Barents Sea has produced its 12-millionth metric ton (13.23 MM ton) of ARCO (Arctic-blend) oil.The shipment was delivered by the Kirill Lavrov ice-class shuttle tanker to the storage tanker in Kola Bay, for onward transport to locations in Europe.The Prirazlomnoye field is the first — and, thus far, the only — project at which oil is being produced on the Russian Arctic Shelf. Commercial development of this field has seen 18 wells drilled…

U.S. Drillers Add Rigs for First Month in 13

AdobeStock / © Edelweiss

U.S. energy firms reduced the number of operating oil rigs for the first time in three weeks as producers follow through on plans to slash spending on new drilling.Drillers cut 8 oil rigs in the week to Dec. 27, bringing the total count down to 677, the lowest since the week to Nov. 15, energy services firm Baker Hughes Co said in its closely followed report on Friday. <RIG-OL-USA-BHI>In the same week a year ago, there were 885 active rigs.That put the oil rig count down 208 for the year, its first annual decline since 2016. That reduction…

Saipem Tallies $1.7 Bln Drilling Contracts

(File photo: Saipem)

Italian oilfield services firm Saipem announced Friday it has secured approximately $1.7 billion in new and extended drilling contracts for its offshore and onshore divisions.The offshore drilling contracts relate to activities to be executed in Norway and in Angola, Saipem said in a press release.The onshore contracts encompass 19 land-rigs located in Middle East, with power between 1,500 and 2,000 horsepower, and their duration range from three up to 10 years. In addition, new contracts and extensions on other existing contracts have been assigned for new works that will be executed in Bolivia, Perú and Romania, the company said.

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. Operators, service companies and equipment suppliers have been forced to adjust to oil selling at prices well below the $100+ per barrel mark seen in years past. As of this writing, Brent oil was hovering around $62 per barrel, and analysts expect prices will remain in this range for some time into the future.On top of this, there’s another new reality for oil and gas companies to come to grips with: the so-called “energy transition”.

Shell Wins Auction for Guyana's First Liza Cargoes

(Photo: Hess)

Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.An ExxonMobil-led consortium, which includes Hess Corp and China's CNOOC Ltd, began producing crude from the Liza well on Friday. The companies have discovered more than six billion barrels of recoverable oil and gas in a massive offshore block.Guyana has no history of oil production, nor any domestic refining capacity, so it launched an auction last week to sell three cargoes from the share the government is entitled to under the contract.

Acta Marine, MHI Vestas Pact on Borssele

Image: Acta Marine

The maritime support provider with a versatile fleet of over 40 owned vessels Acta Marine and MHI Vestas Offshore Wind signed the Charter Party (CP) for deployment of the Acta Centaurus on the Borssele III and IV Offshore Wind Farm (OWF) Project.The charter party was signed by Flemming Ougaard, Chief Operations Officer MHI Vestas Offshore Wind and Rob Boer, Managing Director Acta Marine on Acta Marine’s stand at the exhibition.After the formalities, a toast was made and Acta Marine presented MHI Vestas Offshore Wind with a gift out of appreciation…

Boskalis Bags El Salvador FSRU Gig

Image: Royal Boskalis Westminster N.V.

Dutch dredging, offshore and heavylift company Royal Boskalis Westminster N.V. has been awarded a major contract to connect an offshore Floating Storage and Regasification Unit (FSRU)  to an onshore power plant in El Salvador.The contract was awarded by Energia del Pacifico (EDP), a 378-MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla, El Salvador. The project will commence early 2020 and is scheduled to be operational by the end of 2021.‎The project entails the construction of a two-kilometer-long gas pipeline connection from the onshore power plant to an offshore FSRU including the mooring and hook-up.

Wintershall Dea Norge Wins Norway Permit

Image: Wintershall Dea GmbH

The Norwegian Petroleum Directorate (NPD) has granted Wintershall Dea Norge, a Norwegian unit of the German oil company Wintershall Dea, a drilling permit for well 66046604/5-2 S, which is located in the Norwegian Sea.According to NPD, the well will be drilled from the Scarabeo 8 drilling facility in after concluding the drilling of wildcat well 6604/6-1 for Wintershall Dea Norge AS in production license 894.The drilling program for well 6604/5-2 S relates to the drilling of an appraisal well in production license 894.Wintershall Dea Norge AS is the operator with an ownership interest of 40 percent.

Equinor, Rosneft to develop Arctic oilfield

North Komsomolskoye is a conventional onshore oil and gas field located in Western Siberia in Russia. (Photo: Natalia Ermakova, Equinor)

Russia's Rosneft and Norway's Equinor have agreed details on how to develop an Arctic Siberian onshore oilfield, they said on Monday, their first joint investment since agreeing a strategic partnership in 2012.The firms expect to extract about 250 million barrels of oil and 23 billion cubic metres of gas in the first stage of developing the Severo-Komsomolskoye oilfield, Equinor said, without giving a value for the investment.Rosneft has a 66.67% stake and Equinor holds the remaining shares in SevKomNeftegaz, which owns the licence.Rosneft and Equinor…

Ørsted Secures Funding for Hydrogen Pilot

Avedøre Power Station on Avedøre Holme. Image: Ørsted

Offshore wind developer Orsted has secured funding for a demonstration project using offshore wind power to produce renewable hydrogen to power.Seven industrial partners have been awarded funding for a demonstration project in Denmark using offshore wind power to produce renewable hydrogen for road transport.Within energy, Avedøre is best known for housing Ørsted's large biomass-fuelled CHP plant, Avedøre Power Station, but in the future, the area might become home to more than heat and power production. This became clear when the Energy Technology…

Tekmar Bags Windpark Fryslân Gig

Image: Tekmar Energy Limited

Tekmar Energy, the developer and manufacturer of sub-sea cable protection systems for the renewable energy industry, announced that international marine contractor Van Oord has selected the patented Tekmar Cable Protection System (CPS) TekLink Mechanical Latch for Windpark Fryslân.According to a press note from the Tekmar Group Company, said Windpark Fryslân is a 382MW near-shore windfarm comprising 89 wind turbines. It is located six kilometers off the Frisian coast in the Netherlands.Once constructed it is expected to power around 500,000…

U.S. Drillers Add Most Rigs Since Feb 2018

AdobeStock / © Shamtor

U.S. energy firms added the most oil rigs this week since February 2018 - primarily in the Permian shale - even though producers have been reducing spending on new drilling for much of this year.Companies added 18 oil rigs in the week to Dec. 20, bringing the total count to 685, the most since early November, energy services firm Baker Hughes Co said in its closely followed report on Friday.In the same week a year ago, there were 883 active rigs.In the Permian in West Texas and eastern New Mexico, the nation's biggest shale oil play, drillers added 15 rigs…

Beach Energy Eyes Offshore New Zealand

Map of the Great South and Canterbury basins showing the location of PEP50119 and the Tawhaki prospect relative to the Beach-operated PEP38264 permit and the Wherry and Gondola prospects. Map: Beach Energy Limited

Australian oil and gas exploration and production company Beach Energy Limited has signed an agreement with OMV GSB Oil Exploration to acquire a 30% participating interest in exploration permit (EP) PEP50119 in the Great South Basin, offshore New Zealand.Under the agreement, Beach will acquire a 30% participating interest in the permit in exchange for funding a 30% share of the Tawhaki-1 well cost and the associated work program and budget. The estimated capital exposure is approximately $25 million net to Beach.The transaction is subject to New Zealand government and regulator approval…

UK Affirms 40 GW Offshore Wind Goal

Photo: Government of United Kingdom

The British Queen, in her speech to both houses of  United Kingdom (UK) parliament, revealed that the UK’s target for installed offshore wind energy has been raised to 40 GW by 2030, and that the UK government will support the development of floating wind turbines.The announcement follows a pledge by UK Prime Minister Boris Johnson in his pre-election campaign to boost offshore wind ambitions from the previously set target of 30 GW by 2030 in an effort to reduce greenhouse gas emissions to zero by 2050.This commitment, which has all party support…

Eneco Buys Power from GE Haliade-X 12

Image:  GE Renewable Energy

Dutch energy company Eneco is set to purchase all the electricity generated by GE Renewable Energy's 12MW Haliade-X offshore wind turbine prototype.The announcement was made during a ceremony to inaugurate the prototype that was recently installed at the port of Maasvlakte-Rotterdam in the Netherlands.The prototype set a new world record this past weekend by being the first wind turbine ever to generate 262 MWh of clean energy in 24 hours, enough energy to power 30,000 households in the region.Over the next five-year period, the Haliade-X prototype will undergo a series of tests to validate the turbine’s power curve, loads, grid performance and reliability.

Boskalis Wins Two Offshore Projects

Image: Boskalis

Dutch engineering company Royal Boskalis Westminster  has been awarded two offshore contracts with a combined value of approximately EUR 85 million.For a new offshore windfarm in Taiwan, Boskalis will carry out the scour protection of the turbine foundations and in Denmark a four-kilometer-long gas pipeline will be installed in the seabed. The execution of both projects is scheduled to take place in 2020.In Taiwan, Boskalis was awarded a contract for the scour protection for the Yunlin offshore windfarm. The award was made by Yunneng Wind Power Co. Ltd.

DEME Unveils First SOV for Offshore Wind

Image: Dredging, Environmental and Marine Engineering NV (DEME)

Belgium-based offshore wind installation specialist Dredging, Environmental and Marine Engineering NV (DEME) has started building its first service operation vessel (SOV), which will be chartered by Siemens Gamesa Renewable Energy (SGRE) for work at three Belgian offshore wind farms (OWF).Concepted by DEME and further designed in close cooperation with Vuyk Engineering Rotterdam and Marin , this innovative vessel  significantly improves safety, comfort and workability for wind farm technicians even in the roughest sea conditions. The keel laying ceremony took place on December 13 at the CEMRE shipyard in Yalova…

Africa: Strong Scope for Offshore Licensing in 2020

Image: Total

Throughout 2019 Africa has led licensing round activity; looking forward to 2020 this is set to continue, however results of the recent rounds have had limited success in a global context.Eight licensing rounds are open or have closed in Africa during the quarter and going forward 13 countries may offer acreage in 2020, said a report by GlobalData.Toya Latham Upstream Oil & Gas Analyst at GlobalData said: “The year has held mixed fortunes for those hosting licensing rounds in Africa. Some rounds, for example Ghana’s First Licensing Round, have seen limited success, whilst others have suffered delays or suspension.

Guyana Seeking Oil Buyers

© Quatrox Production / Adobe Stock

Guyana has invited companies interested in purchasing the first three deliveries of the government's share of the country's looming oil production to present bids this week, the government said in a statement on Sunday.The government will later seek proposals from companies interested in a longer-term contract to market Guyanese crude, the statement said.U.S. oil companies Exxon Mobil and Hess Corp – part of a consortium that has discovered more than 6 billion barrels of recoverable oil and gas resources off the South American country's coast – plan to begin exporting crude in January and February.Guyana has no history of oil production…

SOCAR Petrofac JV Wins BP Contract

(Photo: Petrofac)

Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a Project Management Services contract to support BP’s operations in Azerbaijan and Georgia.The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area including Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC), South Caucasus Pipeline (SCP) and Western Route Export Pipeline (WREP).

U.S. Drillers Add Rigs for first Week in Eight

AdobeStock / © Nightman

U.S. energy firms added rigs for the first time in eight weeks even as producers follow through on plans to reduce spending on new drilling.Companies added 4 oil rigs in the week to Dec. 13, bringing the total count to 667, energy services firm Baker Hughes Co said in its closely followed report on Friday.In the same week a year ago, there were 873 active rigs.That keeps the oil rig count on track to fall for the first year since 2016. The decline, however, only totals 218, which is much smaller than 2015's record 963 rig decline, according to Baker Hughes data going back to 1987.The oil rig count…

Offshore Wind: Decisions Needed Sooner, not Later

AOT is working to develop a new port, specifically configured to serve Atlantic Ocean wind projects, on 30 acres along the Arthur Kill tidal strait between Staten Island and New Jersey. 
Boone Davis, President & CEO, Atlantic Offshore Terminals

On September 26, the State University of New York Maritime College hosted a conference on the emerging east coast offshore wind industry. “Offshore Wind Power, Planning for America’s Ocean Energy” focused on four fundamental topics:• East Coast Wind Farm Overview – Status of the Industry.• Jobs and Supply Chain Technical Working Group.• Wind Farm Port Development.• Offshore Wind Maritime Operations.In some ways, actually clocking in for a day’s work on an offshore wind turbine is tantalizingly close. Ditto for power flowing from an offshore substation to a mainland interconnection.

PTTEP Charters Energy Drilling for Arthit Gig

EDrill-1 in the Gulf of Thailand. Image: Energy Drilling

Singapore based Energy Drilling  has been awarded a contract by the Thailand's oil and gas company  PTT Exploration & Production International (PTTEP) to provide drilling services on the Arthit field in Gulf of Thailand.The builder and manager of self-erecting tender assist drilling rigs said in a release that this contract secures employment for the high specification tender rig EDrill-1, for a firm term of 3 years and 4 months with an option period of 7 months.The Arthit field is located 230km offshore of Thailand’s Songkhla province in the Gulf of Thailand.

Liberia Lines Up 2020 Offshore Licence Round

Map: TGS

The Liberia Petroleum Regulatory Authority (LPRA), has announced the launch of the next licensing round, expected to commence in April 2020.In a meeting held between NOCAL, LPRA and TGS, the next steps were unanimously agreed, to allow the government of Liberia to conduct a successful license round and thereby to attract the right investors to this promising exploration region.Nine blocks will be on offer in the Harper Basin, one of the last unexplored and undrilled regions offshore West Africa. TGS holds a range of multi-client data across this acreage to support the licensing round…

Wison Begins Arctic LNG 2 Project

Photo: Wison Offshore & Marine

Wison Offshore & Marine (WOM), the upstream oil and gas division of Chinese conglomerate Wison Group Holding, announced the fabrication of Arctic LNG 2 Project (ALNG2 Project) commenced in Zhoushan Yard.The module fabrication contract was awarded by Technip France S.A., a wholly-owned subsidiary of TechnipFMC.Novatek, client of ALNG2 project, is the largest independent natural gas producer in Russia. ALNG2 project comprises three LNG trains at 6.6 million tons per annum each. WOM’s work scope is engineering, procurement, fabrication and commissioning of modules in train one with a total weight of 48…

K2 Advices Creyke Beck A & B OWFs

Photo Credit: Formosa, K2 Management

Renewable energy consultancy K2 Management announced it is working as Lender’s Technical Advisor (LTA) on the Doggerbank Creyke Beck A and B Wind Farms, two of the three projects which make up the Doggerbank development.In September, all three wind farms were selected in the Contracts for Difference (CfD) allocation round 3 by the UK Government.The projects will have a combined capacity of up to 3.6 GW, making Doggerbank the largest wind farm in the world. The next project milestone is financial investment decision (FID), which is expected…

SGRE Raises $1.6Bln in ‘Green’ Credit

Image: Siemens Gamesa Renewable Energy

Siemens Gamesa Renewable Energy (SGRE) has announced that, in less than a year, it has accumulated €1.48 billion ($1.6Bln) in green guarantee lines.The turbine maker has just completed a deal with Societe Generale to convert a 230 million euro guarantee line to "green”. This is the third green guarantee line that Siemens Gamesa has arranged so far this year, in addition to 1.25 billion euro arranged with two other banks.Siemens Gamesa will use this line for its worldwide business of manufacturing onshore and offshore wind turbine generators."This deal contributes to implementing projects that benefit the environment, address climate change and are socially responsible.

Enbridge, Enterprise to Develop GoM Crude Export Terminal

© artitcom / Adobe Stock

Enbridge Inc and Enterprise Products Partners LP on Monday signed an agreement to jointly develop a deepwater offshore crude oil export terminal in the Gulf of Mexico capable of loading Very Large Crude Carriers.Both pipeline operators will work to finalize an equity participation agreement that would provide Enbridge an option to purchase ownership interest in Enterprise's Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deep-water port license, Enbridge said in a statement.The companies would first jointly develop the SPOT project…

Electrifying Norway's Offshore Production

Image: Rystad Energy

According to Rystad Energy, Norway has taken several steps to reduce its upstream emissions through electrifying offshore platforms, reducing flaring volumes, installing carbon capture and storage (CCS), and other energy efficiency measures.It said that power from shore to offshore platforms already started in 1996 when Troll East (A) came on-stream, with the Johan Sverdrup field as the latest addition in 2019.The latter infrastructure will also supply power to other developments located on the Utsira High and Sleipner area during the Johan Sverdrup Phase II development.In fact…

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, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S. Gulf of Mexico remain tepid as customer demand is highly sensitive to oil and gas prices.” In spite of these efforts…

Majors Press Mexico to Resume Oil Auctions

© Denys / Adobe Stock

Big oil companies operating in Mexico have launched a drive to convince leftist President Andres Manuel Lopez Obrador to resume auctions of oil and gas contracts he has branded a failure in reviving the industry.Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell Plc, among other firms in Mexico's Association of Hydrocarbon Companies (Amexhi), say they have met output targets and investment pledges worth hundreds of millions of dollars in the initial phases of their contracts."We've been complying (with contractual obligations), and by any metric you look at…

China to Launch State Pipeline Group

© Xiangli / Adobe Stock

China plans to launch its long-awaited national oil and gas pipeline company on Monday, part of a sector-wide reform aimed at providing fair market access to infrastructure and boost investment in oil and gas production.Most of the country's pipeline infrastructure is controlled by energy giant PetroChina, CNPC's listed arm, and small, non state-owned oil and gas producers and distributors often don't have access to the pipelines at competitive rates, analysts have said.This also hinders companies from investing in oil and gas exploration as they are concerned about access to the pipelines.Beijing started considering reforming the sector nearly a decade ago to improve acc

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 delivery and execution provider to the offshore energy industry said that the assignment – in the East Shetland basin – was “one of the largest scale decommissioning projects undertaken by the company.”The project used diving support vessels Rever Sapphire and Rever Polaris, along with the heavy construction support vessel (CSV) Normand Clipper.The workscope involved multiple campaigns comprising of preparation…

Prysmian Wins Equinor's Empire Wind Gig

Image: Prysmian Group

Norwegian energy company Equinor has contracted Italian cable manufacturer Prysmian to supply the submarine inter-array cable system for the 816-MW Empire Wind project off the coast of New York.Prysmian will provide the 66kV insulated array cables and ancillaries that will transmit power from the wind turbines which will have a capacity in the range of 10-15MW.The cable system will undergo continuous fabrication at Prysmian’s centres of excellence in Montereau (France) and Nordenham (Germany) and its completion is expected in the summer of…

Sapura Energy Secures New Order

Image: Sapura Energy

Malaysian oil and gas services firm Sapura Energy has secured several new contracts and contract extensions for its engineering and construction (E&C) as well as drilling segments.The contracts, valued at approximately RM615 million (USD 148 million), brings the total order book year-to-date to RM15.1 billion, which will increase work volume and utilization of assets.Building on its long-term relationship, Sapura Fabrication Sdn Bhd has won a contract from Hess Exploration and Production Malaysia B.V under the PETRONAS frame agreement, for the provision of engineering…

SGRE's 1,000th Offshore Wind Turbine Up

Image: Siemens Gamesa Renewable Energy

Spanish-based manufacturer of wind turbines Siemens Gamesa Renewable Energy (SGRE) has reached a milestone with the installation of its 1000th offshore direct drive wind turbine as it embarks on the 10MW-plus era.The company reached the milestone by recently installing turbine 51 on Iberdrola's 714MW East Anglia One project off the UK – eight years after predecessor Siemens Wind installed its first direct drive machine at sea.Since being launched in 2011, the 1,000 units of the Siemens Gamesa offshore direct drive wind turbine platform combined…

Oil Companies Swap Stakes in Mexico

© somartin / Adobe Stock

With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own.The negotiations are creating a dynamic secondary market for oil acreage, which could be the only investment opportunity left for firms until leftist President Andres Manuel Lopez Obrador unblocks his predecessor's flagship energy reform that has…

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 by 2050.The 10 North Seas Energy Cooperation countries – Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden and the UK – agreed at their Ministerial meeting in Esbjerg in June 2019 to broaden the scope of their cooperation. Their 2020 Work Program now elaborates what they intend to do together on maritime spatial planning…

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, expected to be fully commissioned in 2025, subject to Ørsted's final investment decision (FID).Covestro will offtake 100MW of the planned wind farm's 900MW total capacity for 10 years, which makes it the world's largest corporate PPA for offshore wind. The PPA will be effective from 2025.Covestro is the first major chemical company in Germany to sign a long-term corporate power purchase agreement from a new asset with a supplier of renewable energy."By purchasing green electricity…

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 and gas services company said that multi-million pound contract is for the provision of drilling operations and maintenance services on CNRI’s three platforms - Ninian South, Ninian Central and Tiffany platforms.The two companies have a long history of working together, and over recent years have won various collaboration awards, in conjunction with other partners…