Wednesday, December 12, 2018

Hornsea One Offshore Wind Farm Breaks Record

Tideway's new cable and installation vessel 'Living Stone' - one of over 35 vessels involved in the installation. Image: Ørsted

Denmark energy company Ørsted has built 467 kilometres of export cables at the site, equivalent to the distance between London to Newcastle."Construction is progressing well on what will become the world’s largest offshore wind farm, as Ørsted announces the completion of export cable installation at Hornsea One months ahead of schedule," said a statement from the company.With offshore export cables totalling 467km, around the same distance as London to Newcastle, plus an onshore cable route of 38km connecting each of the three strings to the national grid…

Seaway Offshore Cables Wins First Cabling Job in US Offshore

Image: Seaway Offshore Cables

Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12MW Coastal Virginia Offshore Wind (CVOW) projects in the US."SOC in combination with Subsea 7, has been awarded its first US offshore wind project by Ørsted Wind Power North America who are constructing the project for Dominion Energy. This turnkey cable supply and cable installation contract for CVOW Project marks the continued success of a global renewables strategy for Subsea 7 in the US," said a press release from the German company.The submarine cable installation…

Chevron Gets Green Light for Captain EOR

Captain (Photo: Chevron)

Energy giant Chevron announced Tuesday it has received approval from the U.K. Oil and Gas Authority (OGA) to move ahead with its plans for an Enhanced Oil Recovery (EOR) project that aims to unlock millions of extra barrels of oil and extend the life of the long-producing Captain field in the U.K. Central North Sea.Chevron North Sea Limited (CNSL), which operates Captain as 85 percent stakeholder, said its plan includes applying polymer injection technology to increase production and help maximize economic recovery from the field located approximately 145 kilometers northeast of Aberdeen.

Hornsea One Export Cable Installation Completed

Tideway's new cable and installation vessel Living Stone, one of more than 35 vessels involved in the installation. (Photo: Ørsted)

The installation of export cables at the world's largest offshore wind farm, Hornsea One in the North Sea off the coast of England, has been completed several months ahead of schedule, Danish operator Ørsted announced Tuesday.With offshore export cables totaling 467km, plus an onshore cable route of 38km connecting each of the three strings to the national grid, it is the longest AC offshore wind export cable system ever to have been installed. The cables were manufactured by NKT at their facilities in Cologne and Karlskrona.Tideway BV installed the three landfall cable sections using sub-Contractor VBMS and their vessel Ndurance.

AET Grows in Brazil

Eagle Paraiba. Photo: AET_Tankers

With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico.

DeltaTek Appoints Johnstone

Chris Johnstone (Photo: DeltaTek)

Well construction specialist, DeltaTek Global, has announced the  appointment of Chris Johnstone as Operations Supervisor.Johnstone will focus on managing well site operations offshore and helping to design and develop new technologies, and he will also be responsible for implementing an equipment maintenance system and subsequent procedures.Prior to his appointment, Johnstone was a wellsite drilling engineer / performance coach at EnQuest. This followed an extensive engineering career which he began as an operations engineer at Stork and progressed to become a drilling engineer with LR Senergy and AGR Petroleum Ltd.

Tractebel Acquires Deutsche Offshore Consult

Image: Tractebel

Belgium-based Tractebel Engie has, through its subsidiary Lahmeyer International, acquired Deutsche Offshore Consult GmbH (DOC) to strengthen its position in the offshore wind sector.German outfit DOC has staff covering all aspects of the offshore wind development process, including engineers, geographers and logistics experts, Tractebel said.Just a few weeks ago Tractebel has successful takenover Overdick, pointed out a press release from the company.DOC has been involved in numerous German offshore wind projects over the past few years.

Amerisur Resources Hits Oil at Indico Well in Colombia

 Image: Amerisur Resources

UK-based independent full-cycle oil and gas company confirmed that Indico-1 well in Colombia reached target depth of 10,604 feet and encountered the Lower Sands of the Une formation.The South America focused oil and gas producer, which owns 30% non-operated working interest in the Indico-1 well, said the Lower Sands package is the same formation which holds the 120 feet oil column discovered at nearby Mariposa, which lies some 6.5 kilometres to the North West of Indico-1.The Mariposa well has produced at a stable rate of approximately 3,200 barrels of oil per day in natural flow from 10 feet of perforations near the top of the 120 feet oil column for over a year…

Verus Petroleum Mulls 12-Fold Production Growth

Alan Curran. Photo: Verus Petroleum

Aberdeen, UK-based Verus Petroleum has secured a 12-fold increase in its production – from 1,500 to 18,000 barrels per day in less than a year – with the closing of three recent acquisitions on the UK Continental Shelf.A press release from the petroleum exploration and production services provider said that it  has recently completed three significant acquisitions; an interest in the Babbage gas field acquired from Premier Oil on 6th December, on the back of completing transactions to acquire Cieco Exploration & Production (UK) Limited and Equinor’s Alba field interest in November.The private equity backed independent operator said that these three deals…

BW Offshore Recycling FSO Belokamenka

FSO Belokamenka. Photo: BW Offshore

The provider of floating production services to the oil and gas industry BW Offshore has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention.The Oslo-listed company said in a press release that the FSO Belokamenka  is an Ultra Large Crude Carrier (ULCC) of 360,700 deadweight-ton capacity built in Japan in 1980.The vessel is 340.5 meters long, 65 meters wide and has a depth of 31.5 meters. It is flagged and registered in Panama and classed by DNVGL, and has been in lay-up off Indonesia since completing a contract as a crude oil terminal off Murmansk, Russia, in late 2015.

Eni Makes New Oil Find Offshore Angola

(Photo: Eni)

Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.The discovery, estimated to contain between 170 and 200 million barrels of light oil in place, was made in the Afoxé-1 NFW well located in the southeast area of Block 15/06, approximately 120 kilometers off the coast, 50 kilometers southwest from the Olombendo floating production, storage and offloading unit (FPSO) and 20 kilometers west of the recent Kalimba-1 discovery.Afoxé-1 NFW was drilled in a water depth of 780 meters and reached a total depth of 1…

Eni Starts Production at Vandumbu Field

(Photo: SBM Offshore)

Italy's Eni said it has started production from the Vandumbu field in Block 15/06 through West Hub N’Goma floating production, storage and offloading unit (FPSO).Block 15/06 is located approximately 350 kilometers northwest of Luanda and 130 kilometers west of Soyo, Angola.Eni said first oil from the Vandumbu field was achieved in late November, three months ahead of schedule.This, along with the early December startup of a subsea multiphase boosting system (SMBS), is boosting the oil production from Block 15/06 by 20,000 barrels of oil per day via West Hub’s N’Goma FPSO.The Vandumbu ramp-up is expected to be completed in Q1 2019…

BP Targeted with First Shareholder Resolution on Climate Goals

(Photo: BP)

Pressure on oil companies to tackle climate change is growing after an activist group for the first time filed a shareholder resolution urging BP to set hard targets for reducing overall carbon emissions.Follow this, a Dutch organization that spearheaded a number of climate shareholder resolutions at Royal Dutch Shell's AGMs over the past three years said it also filed one with the Anglo-Dutch company for 2019.It also plans to file a resolution with U.S. rivals Exxon Mobil and Chevron "unless other parties file a similar resolution," it said…

UKCS Still Worth Investment Despite Brexit -Equinor

(Photo: Jamie Baikie / Equinor)

Norwegian oil and gas firm Equinor will remain committed to the mature British continental shelf regardless of the country's plans to leave the European Union, a senior executive told Reuters.British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on the Brexit deal, thrusting U.K.'s divorce from the EU into chaos, with possible options including a disorderly Brexit with no deal."We are putting more investments into the U.K. despite Brexit, the perception of North Sea as being very mature and dying and oil price gyrations…

Egypt Okays BP, Mubadala Acquisition of Stake in Eni's Noor Concession

Image: ENI

Egypt’s petroleum ministry has signed an agreement for UK Petroleum giant British Petroleum (BP) and UAE investment fund Mubadala to buy a 45 percent stake in the country's Noor offshore natural gas concesion in the Mediterannean from Italy’s Eni.In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni as operator through its subsidiary, IEOC, now holds a 40 percent interest. The other partners in the concession are BP with 25 percent interest and Tharwa Petroleum Company with 15 percent interest.The…

Swissco Sells Vessels to Allianz Middle East

Image: Swissco Holdings

Singapore’s Swissco Holdings, currently under judicial management, announced that it is disposing of a substantial part of its offshore support vessels division, which is expected to help reduce the group's liabilities.UAE's Allianz Middle East Ship Management has signed a deal to buy most of the OSV fleet of Swissco, said a stock exchange annoucement from the restructuring vessel-owner."The Vessels are being sold on an “as-iswhere-is” basis. Only 3 of the 25 Vessels proposed to be disposed of are on charter. The remainder of the Vessels are not under charter and are minimally utilised or unutilised by the Group…

HydraWell Executes Valhall Field Plugging Program

Pic: HydraWell

Norwegian oil and gas services company HydraWell has contributed towards Aker BP executing its plugging programme significantly quicker than planned through utilisation of the PWC(Perforate, Wash & Cement) plug and abandonment method (P&A) on the Valhall field.A press release from the company pointed out that since May 2017, HydraWell has contributed towards plugging 10 shut-in wells on the original drilling platform (DP) at the Valhall field centre.Compared to the first P&A phase on the DP platform from 2014 to 2016, Aker BP has reduced the average time per well by 50 percent in the latest phase…

Sound Energy Starts Drilling Well in Eastern Morocco

Image: Sound Energy

Moroccan focused upstream gas company Sound Energy confirmed that the drilling at TE-10, the second well of a planned three exploration well campaign in Eastern Morocco, has commenced.The TE-10 well will test the North East Lakbir prospect in the Company's Greater Tendrara permit and is located approximately 25 kilometres to the northeast of the recently awarded Tendrara production concession.The well is designed to test both a material TAGI stratigraphic trap and a smaller TAGI structural closure. The North East Lakbir stratigraphic trap…

PGE Seeks Offshore Wind Partners

Image: PGE

Polish state-owned power company Polska Grupa Energetyczna (PGE) has invited over a dozen parties to potentially cooperate with the company оn building up to 2.55 GW of offshore wind parks.The Polish power group said in a statement that it was looking for an experienced partner with knowhow in developing offshore wind farms. The two facilities, the 1,500 MW Baltica 2 and 1,045 MW Baltica 3, will be situated 30 kilometers north of Poland's coast near the town of Leba with and set to be completed after 2025.PGE intends to eventually sell up to a 50 percent stake in two special purpose vehicles that are preparing the offshore projects…

MHI Vestas Confirms Scotland Offshore Wind Order

Image: MHI Vestas

MHI Vestas Offshore Wind will supply 100 turbines for the 950-megawatt (MW) Moray East offshore wind farm in waters off the northeast coast of Scotland.Under the contract, MHI Vestas will deliver one hundred of its V164-9.5 MW offshore wind turbines for the project in the Moray Firth. The order includes a 15-year service agreement, MHI Vestas said. This is the company’s largest ever MW project.Moray Offshore Windfarm (East) Limited, known as Moray East, is a 950 MW offshore wind project 22km from the coast of Scotland, which in 2017 won a Contract for Difference (CfD) from the UK Government to supply electricity at £57.50/MWhr…

ADNOC, Inpex in LNG Bunkering Pact

Photo: ADNOC Logistics & Services

ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex Corp to collaborate on LNG bunkering activities.Under the agreement, ADNOC L&S and Inpex will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering activities to cover other regions, including Southeast Asia, said a press release from the Abu Dhabi-based integrated shipping and logistics company.The use of LNG as a fuel on non-LNG carriers is expected to grow significantly as ship owners seek new compliance solutions to meet the 2020 IMO’s global sulfur cap.

Nordea to Boost Finance for LNG Shipping

© Björn Wylezich / Adobe Stock

Nordea Bank aims to increase shipping finance activities to the growing liquefied natural gas (LNG) industry, executives at one of the world's biggest shipping financiers said.China's crackdown on pollution and its growing demand for more environmentally friendly sources of power, such as LNG, are boosting demand for ships to transport the fuel."We would like to expand the portfolio and there are certain segments that we would like to expand in. One of them is on the LNG side," Geir Atle Lerkerod, Nordea's head of shipping for the Nordic region…

Guangzhou Launches World's First Icebreaking LNG Tanker

Images by Chinese State Media

The world's first liquid natural gas (LNG) carrier tanker was named 'Boris Sokolov' and delivered by Guangzhou Shipyard International in Guangzhou City.According to Chinese state media, the Arctic condensate tanker carrier designed to traverse the world's icy northern polar region.With a load capacity of 44,550 tons, the vessel, which is built for for Dynacom of Greece, can sail in the Arctic region without icebreaker-piloting, it said. The vessel is mainly used for transporting condensate oil for the Yamal LNG project in northwest Siberia…

Oceaneering Enhances Asset Integrity Capabilities

Oceaneering International, Inc. announced it has bolstered its expanding asset integrity business in Chandigarh, India with more capabilities. The engineering support team is expected to grow to around 30 full time engineers by the end of 2019.Chirag Jayswal has been appointed senior integrity engineering manager. With Oceaneering since 2010, he will transition from his current role within the offshore design center where he led a team of engineers. Before Oceaneering, he worked for Larsen & Toubro and Sulzon.Bill Boyle, Senior Vice President of Asset Integrity…

Carnarvon Petroleum Secures Noble Tom Prosser Jack-up Drill Rig

Image: Noble Corporation

Australian oil and gas exploration and production company Carnarvon Petroleum has secured a Noble Tom Prosser jack-up drilling rig for two appraisal wells at the Dorado joint venture oil, gas and condensate discovery offshore Western Australia.The energy sector company said in a press release that shallow water depths in this part of the Canning Basin on the North West Shelf mean that the joint venture can utilise a cost-effective jack-up rig for its appraisal wells. The Noble Tom Prosser was also used to drill the Roc-1 discovery in this…

Talos Energy Begins Zama Discovery Appraisal Program

File  Photo: Talos Energy

Talos Energy  has spudded its Zama-2 appraisal well, beginning the Zama discovery appraisal program, which will consist of three reservoir penetrations, including two wells and one sidetrack.The Zama discovery, which is located in Block 7 in the Sureste Basin, is planned to be developed with an investment of $325m.The oil and gas company that engages in the exploration, development, and production of oil and natural gas properties in the Gulf Coast and Gulf of Mexico said that the first well, the Zama-2, will be drilled to the north of the…

Prelude FLNG to Start Producing at End-2018

(Photo: Shell)

Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations, with safety and quality being our main focus ... We expect to see production around the end of the year," she told Reuters in an emailed statement.Prelude - which will process natural gas produced offshore northern Australia and export it as LNG - is expected to have an annual LNG production capacity of 3.6 million tonnes. It will also produce 1.3 million tonnes a year of condensate and 400…

Equinor to Start Talks With Tanzania Over LNG project

(Photo: Paul Joynson-Hicks/AP/Equinor)

Norway's Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday.Tanzanian President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, Equinor, a majority state-owned energy company formerly known as Statoil, said."Equinor will now proceed with our partner ExxonMobil with negotiations for a host government agreement," an Equinor spokesman said in an email to Reuters.He said it was too early to say how long talks with the government could take and how much the project would cost.

Siemens Gamesa Firms Belgian Offshore Wind Project

Image: Siemens Gamesa

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) received the order for the 487 MW SeaMade offshore wind power project in Belgium from customer Seamade NV.The wind turbines and services provider said that it includes supply and commissioning of 58 units of the SG 8.0-167 DD offshore wind turbine and a 17-year Service agreement. The project consists of the two combined sites: Seastar, a 252 MW offshore wind power plant with 30 SG 8.0-167 wind turbines and Mermaid, a 235 MW offshore wind power plant with 28 SG 8.0-167 wind turbines.SeaMade NV is a partnership formed of the Otary RS NV (70%)…

ExxonMobil Makes Discovery Off Guyana

© somartin / Adobe Stock

U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels, reinforcing potential for at least five floating storage, production and offloading (FPSO) vessels producing more than 750,000 barrels of oil per day by 2025.The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and includes a new discovery…

Exxon Expects 25 pct More Oil from Guyana's Offshore Block

Photo: Exxon Mobil

Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain 25 percent more recoverable oil than previously estimated, the companies said on Monday.Exxon and Hess Corp said more than 5 billion barrels of oil equivalent could be recovered from the Stabroek block, which is part of one of the biggest oil discoveries in the world in the last decade.The companies had previously estimated 4 billion barrels of oil equivalent could be recovered from the block.The block has "potential for at least five FPSOs (floating storage…

Wind Beats Solar in Danish Green Energy Auction

© Jezper / Adobe Stock

Wind emerged as the most competitive power source in Denmark's first auction where wind and solar competed for state subsidies on equal footing to deliver power at the lowest price.Subsidies which have underpinned the growth of renewable energy are cooling as governments around the world opt for more competitive contract tenders, favoring project developers that submit the lowest bids.Denmark, which hopes to end green subsidies altogether before 2030, has adopted new rules under which wind and solar projects compete on equal terms in tender…

Oil Surges 5 Percent

© weerasak / Adobe Stock

Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.U.S. light crude oil rose $2.92 a barrel to a high of $53.85, up 5.7 percent, before easing to around $53.00 by 1240 GMT. Brent crude rose 5.3 percent or $3.14 to a high of $62.60 and was last trading around $61.75."From Argentina to Alberta, the oil market news is about supply curtailments," said Norbert Rucker, head of commodity research at Swiss bank Julius Baer.

Ørsted Hires Focus Consultants on Sustainable East Coast Offshore Hub

Image: Ørsted

Focus Consultants has been appointed to deliver sustainability services for a new East Coast Hub for the offshore wind giant, Ørsted, which is currently building the biggest offshore wind farms in the world.Currently in construction on the Royal Docks at Grimsby, Lincolnshire, the building will represent a state-of-the-art operations and maintenance hub to support both the construction and operation of Ørsted’s offshore wind farms, from which they currently operate more than 1.2 gigawatts (GW) of capacity with a further 2.6GW under construction.“The construction…

E.on Officially Opens Rampion Offshore Wind Farm

Image: E.ON SE

The 400-MW Rampion offshore wind farm off the Sussex coast in the UK has been officially opened, said German energy company E.on SE. The offshore wind farm now generating enough green electricity for around 350,000 UK homes setting a new power record in the country.Three years of construction officially came to an end on Saturday (November 29) at a ribbon cutting ceremony for the Rampion offshore wind farm, the first wind farm off the UK's south coast.Named after the county flower of Sussex, the offshore wind farm, over the next 25 years,…

Mitsubishi Corporation Part-divests in Moray East Offshore Wind Project

Map: Mitsubishi Corporation

Japan's largest trading company  Mitsubishi Corporation (MC) announced the divestment of shares in Diamond Green Limited, with 30% to be transferred to The Kansai Electric Power Co., Inc (KEPCO) and 20% to Mitsubishi UFJ Lease & Finance Company Limited (MUL).Diamond Green is an intermediate holding company wholly owned by Diamond Generating Europe, which itself is a wholly owned subsidiary of MC based in the UK. DGE has been MC’s executing arm for the Moray East Offshore Windfarm Project located in the North Sea, 22 km off the coast of Scotland.With this transaction…

New Jersey Board of Public Utilities Backs Offshore Wind

Image: Orsted

The New Jersey Board of Public Utilities (NJBPU) is remaining committed to supporting the state’s goals of generating 3.5GW of offshore wind by 2030 and reaching 100% of renewable energy by 2050.The Offshore Wind Supply Chain Networking Event at Princeton University’s Andlinger Center for Energy and Environment provided information about the state’s plans for offshore wind, supply chain opportunities, available incentives, and workforce development programs.The event was co-sponsored by the New Jersey Economic Development Authority, Department of Environmental Protection…

Eni in Talks to Grow Presence in the Gulf

Italian major Eni is in talks to grow its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Gulf and offset its reliance on Africa, a source close to the matter said.The international oil company has a limited presence in the Middle East, where some of the world's biggest oil and gas reserves lie, producing more than half its output in Africa."Eni is in talks with Oman for various opportunities," the source told Reuters, adding recent geopolitical tensions in the area had not curbed its interest.Last year Eni sealed its first deal in Oman…

KNOT Offshore CEO/CFO John Costain Steps Down

Image: KNOT Offshore Partners

UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership."Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019," said a press release from the publicly-traded master limited partnership, which , operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil."This ensures that the Board has sufficient time to find a suitable replacement to Costain when he steps down…

MHI Vestas Hires US Offshore Vet

Photo: MHI Vestas Offshore Wind

MHI Vestas Offshore Wind (MVOW), a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, has announced the appointment of Jason Folsom, the US offshore wind veteran.Folsom, a respected offshore wind expert with extensive new market entry experience and a passion for offshore wind in the United States, becomes the company’s first official hire in the US market.On joining MHI Vestas, Folsom said, “I have been watching with great interest how MHI Vestas has approached the US market. I feel the company has been very strategic in their approach to the market.

Precision Drilling Demands Breaks Away Fee for Trinidad Drilling

Image: Precision Drilling

The largest driller in Canada Precision Drilling Corp said it is entitled to a $20-million break fee after Ensign Energy Services Inc. announced that it will take control of Trinidad Drilling Ltd. by acquiring a majority of Trinidad’s shares.Ensign Energy Services, an oilfield services provider based in Calgary, has taken up 56.38 percent of Trinidad Drilling Limited’s shares in a hostile offer.Following Ensign’s announcement on unsolicited offer to purchase and takeover bid circular, Precision Drilling Corporation terminated its Oct. 5 agreement to acquire Trinidad for $1 billion."A payment of the termination fee in the amount of $20…

Simmons Edeco Wins Tonalli Energía Contract

Image: Simmons Edeco

The supplier of onshore drilling and workovers, wellhead maintenance services Simmons Edeco  has been awarded a contract by Tonalli Energia SAPI de CV to provide drilling services in Mexico.Tonalli Energía, SAPI de CV, founded in 2015, is a joint venture between Grupo Idesa Group and Petrofrontera, a subsidiary of International Frontier Resources Corporation, to explore and produce gas and oil in Mexico.The contract, which has already begun, engages Simmons Edeco  to support Tonalli’s onshore oil and gas development Block 24. The Block known as Tecolutla, is in the Tampico-Misantla Basin in the Mexican state of Veracruz.

Orsted Plots $30 Bln Green Energy Investment

(Photo: Orsted)

Denmark's Orsted will invest $30 billion in green energy up to 2025, it said on Wednesday, as it seeks to become one of a handful of future "renewable majors" leading a global transition from fossil fuels to green energy.While renewable energy technology is now able to compete with traditional power sources, the industry remains vulnerable to changing political winds as governments around the world scramble on how to address climate change.Orsted, the world's largest offshore wind developer, said it would have 15 gigawatts (GW) of offshore wind power capacity by 2025…

Van Oord Contracts Tekmar Borssele 2 Offshore Wind Project

Image: Van Oord cable-laying vessel Nexus installing cables with Tekmar cable protection systems.

The subsea cables and engineering services provider Tekmar Energy announced that international marine contractor Van Oord has selected the patented Tekmar Cable Protection System (CPS) TekLink Mechanical Latch for the Borssele 2 (site III and IV) offshore wind farm.According to a press release from the offshore wind cable protection systems company, Borssele 2 consisting of 77 turbines and a total of 731.5 MW, will go into construction off the coast of Zeeland, the Netherlands in 2020.James Ritchie, CEO of Tekmar Group plc, said: “We are delighted that Van Oord has chosen Tekmar for Borssele 2.

Aquaterra to Install Two Platforms for FIRST E&P in Nigeria

Image: Aquaterra Energy

Global offshore engineering solutions provider Aquaterra Energy in conjunction with Maerlin Nigeria Ltd, its local partner, has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design, engineer and install two non-identical Sea Swift conductor-supported offshore platforms in the Niger Delta Basin.The provider of offshore engineering solutions and technical support for the oil and gas industry in the United Kingdom and internationally said in a press release that the platforms are destined for the Anyala and Madu fields within Oil Mining Leases 83 and 85 offshore Nigeria…

Østensjø Rederi Bags New Contracts

Photos:  Øyvind Sætre/Østensjø Rederi

Norway-based international provider of marine services in the offshore and towage sectors Østensjø Rederi has been awarded a contract by a major European energy company for operation in the renewable sector.The contract commenced in November and will secure utilization during the winter period for Edda Fauna up to the commencement of vessel’s firm contract with DeepOcean.The Norwegian offshore vessel supplier has also been awarded a contract by VBMS for operation in the renewable sector.The contract commenced in November and will secure utilization during the winter period for the Sun Enabler.Meanwhile…

Husky SeaRose FPSO Ops Suspended

Operations at the SeaRose floating production, storage and offloading (FPSO) vessel are suspended, with all production wells secure, after an oil release, according to information released by Husky EnergyOperations will remain suspended until a full inspection of all facilities is completed and Husky has received the support and approval of the Canada-Newfoundland Offshore Petroleum Board (C-NLOPB).Production was shut in at the White Rose field Thursday, November 15 due to operational safety concerns resulting from severe weather. Once conditions had returned to normal operating parameters on Friday…

First Steel Cut for Karish and Tanin FPSO

(Image: Energean)

Energean Oil and Gas announced that first steel was cut on the Karish and Tanin floating production storage and offloading (FPSO) vessel at the COSCO yard in Zhoushan, China, on Monday. The FPSO is scheduled to be delivered to the Karish field offshore Israel in late 2020, ahead of first production in the first quarter of 2021.The FPSO, which will be installed 90 kilometers offshore, will be the first FPSO to operate in the Eastern Mediterranean. It will have a gas treatment capacity of 800 MMscf/day (8 BCM/per annum) and liquids storage capacity of 800…

New Leadership at NRG Group

Daniel Mackay, Andrew Mackay and Erica McPherson (Photo: NRG Group)

Aberdeen-based NRG Group announced two new directors have been appointed to lead the family-owned company.The company, which consists of NRG Well Examination and NRG Well Management, was founded by Andrew Mackay in 1988. Mackay has handed the reins to his son, Daniel Mackay, and daughter, Erica McPherson, who have taken up the newly-created roles of managing director at NRG Well Management and NRG Group Commercial Director respectively to shape the future direction of the company.Andrew Mackay remains involved with the business as chairman and majority shareholder.Daniel recently returned to the U.K.

Ecopetrol Sets 2019 Investment at $3.5 billion

Photo: Ecopetrol

Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.The investment is the backbone of an ambitious plan to boost production and explore for more oil to replenish dwindling reserves. The company has said it will drill 700 wells and double the number of rigs in operation this year.Ecopetrol expects output next year at between 720,000 and 730,000 barrels per day equivalent, Ecopetrol said in a statement…

Iraq Approves Drilling Deal for West Qurna 2

Iraq has approved a $165.74 million drilling deal with China's Bohai Drilling Engineering Co. for the West Qurna Two oilfield, two Iraqi oil officials said on Tuesday.Under the 24-month contract, Bohai would drill 28 production oil wells at West Qurna Two, operated by Russia's Lukoil, a deadline at the end of 2020 for completion, the officials said.Production at West Qurna Two is now about 400,000 barrels per day (bpd), according to an oil official with knowledge of the field’s output operations.(Reporting by Aref Mohammed and Ahmed Rasheed; Editing by Edmund Blair)

Ørsted Completes Divestment in Hornsea 1 Offshore Wind Farm

Image: Ørsted

Danish offshore wind farm developer Orsted A/S has completed the divestment of 50% of the Hornsea 1 Offshore Wind Farm to Global Infrastructure Partners (GIP).Three months ago, Ørsted signed an agreement to sell 50% of the 1,218MW offshore wind farm Hornsea 1 to Global Infrastructure Partners (GIP). Hornsea 1 is under construction and will be the world’s largest offshore wind farm when commissioned in 2020.As part of the agreement, Ørsted will construct the wind farm under a full-scope EPC contract. Ørsted will also provide long-term operations…

Boskalis Inks Pact with Saudi Aramco

Image: Boskalis

Dutch offshore services provider Royal Boskalis Westminster has been selected as a contractor on Saudi Aramco's Long Term Agreement (LTA) for Offshore Facilities program.Boskalis acquired the agreement in consortium with the United Arab Emirates-based company Lamprell."The LTA is part of an ambitious offshore investment program and covers engineering, procurement, construction, transportation and installation (EPCI) contracts to support Saudi Aramco's Offshore Maintain Potential Program, Oil & Gas Program, and other offshore expansions," said a press release from the company.Within the scope of the LTA…

Fred. Olsen Windcarrier Installs 400th Wind Turbine

Image: Fred. Olsen Windcarrier

Denmark-based offshore wind farms service provider Fred. Olsen Windcarrier has marked a milestone in offshore wind turbine installation as it installed the 400th unit.The turbine has been installed at Vattenfall’s Horns Rev 3 offshore wind farm in Denmark using the jack-up vessel Brave Tern.Horns Rev 3 will consist of a total of 49 V164-8.3 MW turbines from MHI Vestas Offshore Wind and will supply power to 425.000 Danish households once finished.Recently Bold Tern finished the installation of 56 V164-8.3 MW turbines for Ørsted at Borkum Riffgrund 2 in Germany.The two vessels have a wrap-around-the-leg offshore-rated cranes with 800t maximum lift at 26m.

Canadian Drillers Expect Flat Year

Photo: Canadian Association of Oilwell Drilling Contractors - CAODC

The Canadian Association of Oilwell Drilling Contractors (CAODC) said that the Canadian oil and gas industry is simply too dysfunctional to anticipate any kind of quick recovery.As a result, Canadian service companies are exploring any and all options to generate positive cash flows, said CAODC President, Mark Scholz."Our members are on life support," says Scholz. "With the exception of perhaps Venezuela, Canada is the only oil and gas producing jurisdiction in the world that cannot at the very least see a recovery on the horizon. We have among the highest standards for responsible development in the world…

Google to Tap the Power of Offshore Wind

Google invests $700 mln in Danish data center, secures green energyGoogle will invest almost $700 million in a Danish data centre, the latest investment in the Nordic region which is known for its abundant renewable energy.Google said it would match the new centre's use of energy made from fossil fuels with green energy generated through so-called power purchase agreements (PPAs).The Nordic countries, which can generate electricity relatively cheaply from renewable sources such as hydropower and wind, have long been a magnet for heavy power-using industries…

CNPC Replacing Total in South Pars Gas Project

China’s state-owned CNPC has replaced France’s Total in Iran's multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on Sunday."China's CNPC has officially replaced Total in phase 11 of South Pars but it has not started work practically. Talks need to be held with CNPC ... about when it will start operations," Zanganeh told ICANA, without giving further details.Total, which had a 50.1 percent stake in the project, and CNPC could not immediately be reached for…

Norway Eyes Offshore Wind to Power Gas Plant

© Byron Moore / Adobe Stock

Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway's Nyhamna gas processing plant, they told Reuters.The project, which would be the country's first offshore wind farm, is called Havsul 1 and was fully licensed by Norwegian energy regulators in 2009 before being abandoned in 2012 due to profitability concerns and insufficient subsidies.Nyhamna is one of Norway's biggest gas processing plants, handling output from Shell's Ormen Lange field.

Montha-1 Exploration Well Disappoints KrisEnergy

Map: KrisEnergy

KrisEnergy, a Southeast Asian upstream company, focuses on the exploration, development, and production of oil and gas, has failed to find significant hydrocarbon shows in the Montha-1 exploration well in the reservation area of the G10/48 license in the Gulf of Thailand.The Singapore-based said in a stock exchange annoucement that Montha-1, which was drilled by the Mist jack-up rig, reached a total depth of 10,396 feet measured depth rotary kelly bushing (RKB) (-9,138 feet true vertical depth subsea). No significant hydrocarbon shows were detected in the target reservoirs.

DEME Launches Orion

Pic: DEME

Belgian offshore vessel owner DEME has launched its next generation, giant new offshore installation vessel ‘Orion’ in a ceremony at the COSCO Qidong shipyard in China. ‘Orion’ will feature an unrivalled combination of exceptionally high transport and load capacity, impressive lifting heights and green technology.The launching marks a major milestone in the construction of this next generation vessel, which is progressing at the COSCO shipyard according to schedule. ‘Orion’ will be deployed for the construction of the largest offshore wind farms…