Wednesday, February 26, 2020

WFO Launches Floating Offshore Wind Committee

Image: Ideol

Global industry advocacy group World Forum Offshore Wind (WFO) has created a new working group - the Floating Offshore Wind Committee (FOWC) - to promote the acceleration of commercial-scale floating offshore wind.FOWC will tackle areas from policy-making through health and safety to maritime spatial planning.According to WFO, the new initiative aims outperforming the installed capacity and cost competitiveness seen with bottom-fixed offshore wind today. The principal objectives of the committee are education, advocacy and policymaking, as…

Northland Expands Offshore Wind Pipeline in Asia

Image: Northland Power

Canadian power producer Northland Power will acquire Dado Ocean Wind Farm, a development company with multiple early-stage offshore wind development sites in South Korea.Dado Ocean is currently owned by Eui Jeong Hwang, a wind power developer who will continue to support the project as a local partner, working together with Northland to achieve key milestones for the project. The acquisition is expected to close in the coming weeks, subject to customary closing conditions.According to Northland, the acquisition builds on the company's presence in Asia and specifically in South Korea.

Aibel Readies UPM for Johan Sverdrup

Image: Aibel

Norwegian service company within the oil, gas and offshore wind industries Aibel said that Johan Sverdrup's project team for the P2 platform could tick off for another milestone.The first deck of the Utility Process Module (UPM) being built in Haugesund is now complete, it said. Equinor-operated Johan Sverdrup project is located offshore Norway.According to a press release from Aibel the first deck of the Utility Process Module (UPM) for the P2 platform, being built in Haugesund, was completed on Friday, February 21. The P2 module is being constructed in The North Sea Hall.Stig Jessen…

Financial Close for Taiwanese OWF

Image: Copenhagen Infrastructure Partners

Denmark-based fund management company Copenhagen Infrastructure Partners (CIP) has reached financial close on the 589MW offshore wind project (OWF), Changfang and Xidao project off the coast of Changhua County, Taiwan.CIP has reached financial close and start of construction of the Changfang and Xidao project. The project has contracted experienced international and local contractors under 8 key construction agreements.The project received approval of its local content plan in December 2019 by the Taiwan government and is the offshore wind…

NY Congressman Backs Arthur Kill OWP

Image: Atlantic Offshore Terminals LL

Congressman Max Rose has called on Governor Andrew Cuomo to support the offshore wind development at Arthur Kill Terminal, Staten Island, New York. "The offshore wind project at the Arthur Kill Terminal is an incredible opportunity to provide more reliable energy for New Yorkers, bring over $400 million in economic growth, and best of all, to do it on the back of good-paying union jobs," tweeted Max Rose.“The Arthur Kill Terminal is the most suitable site in New York for offshore wind development, and with your support will not only spur regional economic growth…

Fugro in Record Cable Route Survey at Sofia Wind Farm Site

Fugro Pioneer - Image by Philippe Guichot - MarineTraffic

Dutch geotechnical services firm Fugro has said that its Fugro Pioneer vessel has left the Port of Sunderland in the UK earlier this month to begin a 6-month offshore site investigation and survey campaign for innogy's Sofia offshore wind farm.The 1.4 gigawatt (GW) Sofia Offshore Wind Farm, sited on the shallow central area of the North Sea known as Dogger Bank, is the largest project in innogy SE’s current development portfolio."Fugro will provide geophysical and geotechnical services over the project’s 220 km export cable corridor, in what is believed to be one of the longest cable route surveys ever performed for an offshore wind farm…

Wintershall Noordzee Starts Gas Production from Sillimanite Field

Image credit: Wintershall Noordzee

Wintershall Noordzee has started gas production from its operated Sillimanite field in the North Sea area between the UK and the Netherlands.The company, a joint venture of Wintershall Dea and Gazprom EP International, said Thursday the unitized gas field, discovered in June 2015, had been brought online.The offshore gas field sits approximately 200 kilometers off the coast of Den Helder. Hugo Dijkgraaf, Chief Technology Officer and Board Member at Wintershall Dea said: "With first gas from Sillimanite we once more underline our ability to…

Brazil Breaks Oil Output Record in January

Illustration; An FPSO in Brazil - Image by Ranimiro / AdobeStock

Oil companies produced 3.17 million barrels per day (bpd) on average in Brazil in January, a volume 20.4% larger than seen in the same month a year earlier and an output record for the country, oil regulator ANP said on Wednesday. Natural gas production increased 22% over January 2019 to 138.7 million cubic meters per day on average last month, also a record. The deepwater, pre-salt field known as Lula accounted for a third of all oil production in Brazil, reaching 1.05 million bpd of crude on average in January, ANP said. Brazilian oil production is expected to continue to rise in the coming years as several investments in high-yield…

Offshore Wind to Hydrogen Project Progresses

Image: Ørsted

The next phase of Gigastack, a renewable hydrogen project, has secured GBP 7.5 million funding as part of the UK’s Department for Business, Energy and Industrial Strategy (BEIS) Hydrogen Supply Competition.The Gigastack project, led by ITM Power, Ørsted, Phillips 66 Limited and Element Energy, will show how renewable hydrogen derived from offshore wind can support the UK's 2050 net-zero greenhouse gas emission target. Producing hydrogen has traditionally been associated with high carbon emissions, but by using renewable electricity, e.g. from an offshore wind farm, the process of producing hydrogen from water (electrolysis) can be completely decarbonised.

MHI Vestas Orders ABB Transformers

Image: ABB

MHI Vestas Offshore Wind, the global wind turbine manufacturer, has selected ABB’s Power Grids business to deliver its WindSTAR transformers for the Triton Knoll offshore wind project in the UK.ABB’s WindSTAR power transformers are designed to fit inside the wind turbine and can withstand strong vibrations, sudden movements and variable electrical loading, typical of wind power. This lightweight transformer is energy efficient and made with biodegradable and safe ester insulation fluid.MHI Vestas will deliver 90 wind turbines for the wind farm and ABB’s WindSTAR transformers will be installed in each turbine.

Offshore Accounts for 60% of Oil Discoveries

Graph:  GlobalData

Offshore discoveries accounted for more than 60% of global discoveries in 2019, up significantly on previous years, according to a study by GlobalData.GlobalData report reveals that while Colombia and Norway saw the highest number of discoveries drilled in 2019, Guyana, Mauritania and Russia hosted the most significant finds.In Guyana, ExxonMobil drilled five discoveries in the deepwater Stabroek Block. Following the additional well drilled in January 2020 (Uaru-1), the company has increased its estimated gross recoverable resources for the…

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 900 MW project will convert three-phase electric power generated by the Hohe See and Albatros offshore wind farms into direct current and transmit it 160km back to shore to the German national grid.Siemens was responsible for the grid connection system including an onshore converter station.The grid connections HelWin1 and HelWin2, BorWin2, SylWin1, and…

TenneT Intros 2GW Offshore Grid Plans

Image: TenneT

European transmission system operator TenneT has announced plans to build two 2 GW offshore grid connections in the IJmuiden Ver wind energy area, having entered into a so-called 'innovation partnership' with its suppliers.Given the combination of the large distance to the coast and the size of the IJmuiden Ver wind energy area, a 2 GW direct current (HVDC) solution, based on 525 kilovolts, appears to offer most economical  advantages. It requires only one cable system per 2 GW, limiting the impact on the environment and the surroundings.To realise such an innovative direct current system…

Rystad: 2020 Biggest Year for Offshore Wind Jackets

Jacket foundation for an offshore wind turbine / Image: Mike Mareen - AdobeStock

The global offshore wind farms (OWF) that are set for start-up this year will make 2020 the year with the highest ever use of steel jacket foundations for new developments, Norwegian energy intelligence firm Rystad Energy said in a report on Thursday.The trend of using this type of foundations - a lattice steel framework, with three or four anchors set on the seafloor - will be lead by the UK."A total of 258 turbines to be installed this year will have a jacket foundation, the most ever in a single year and representing about 20% of all offshore turbines to be commissioned globally…

Gulf of Mexico Lease Sale Set for March

Image: U.S. Department of the Interior

U.S. Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18, 2020, as part of President Trump’s America First Offshore Energy Strategy.The sale would include all available unleased areas in the federal waters of the Gulf of Mexico (GoM). Department of the Interior Secretary David Bernhardt said: “A strong and safe offshore energy program fuels the American economy, provide thousands of good-paying jobs and delivers affordable and reliable energy for everyday use.”Lease Sale 254…

USA Ups BOEM Offshore Wind Budget

Image: BOEM

The Trump Administration has proposed a $189m fiscal year 2021 budget for the Bureau of Ocean Energy Management (BOEM), designating just under $27m for offshore wind.The FY 2021 budget includes approximately $26.5 million to advance offshore renewable energy development.In recognition of the role renewable energy can play in securing the Nation’s energy independence and supporting economic growth, BOEM continues to advance renewable energy through its leasing program and streamlining its permitting and National Environmental Policy Act (NEPA) processes.In addition…

Vineyard Wind to Miss Startup Target Over Permit Delay

(Photo: Heerema Marine Contractors)

Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays.The Bureau of Ocean Energy Management, part of the U.S. Department of Interior, posted a revised permitting timeline on its website on Tuesday that said it will issue a final decision on the project by Dec. 18, more than a year after its previous target of August 2019."While we need to analyze what a longer permitting timeline will mean for beginning construction…

Offshore Wind: Half Empty or Half Full?

© faithie/AdobeStock

As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm. But even a quick look-back at OFW always raises the same familiar question: is the glass half empty or half full?Consider developments in the east coast leader in offshore wind: New York.In a webinar in December New York’s NYSERDA – New York State Energy Research and Development Authority – provided an update and summary on the State’s 2019 offshore wind initiatives, including a brief look ahead for 2020.

NOV Warns Virus Fallout Could Hit Supply Chain

© Kalyakan / Adobe Stock

U.S. oilfield equipment supplier National Oilwell Varco on Friday called the coronavirus a "wildcard" in the oil industry's outlook, with an extended outbreak potentially hurting access to Chinese-make materials and foreign sales.The Houston-based company said further shutdowns at its Chinese suppliers could limit its production of certain products such as fiberglass resins and drilling pipe.For now, National Oilwell has the latitude to make up lost ground, executives added, noting it has a diversified supply chain."[There is] still a lot of uncertainty related to the extent to which this will impact operations…

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 estimates on the pace of the offshore wind energy market in the U.S. vary widely, the direction is clear: offshore wind will be a huge marketplace for construction and support vessels to be deployed in U.S. waters over the next decade. The starting point for estimated vessel demand is the raft of projects along the U.S. East Coast, and to a lesser extent, in the Pacific waters, now in the pipeline.

Offshore to Constitute 25% of Wind Demand

Image: Orsted

Offshore wind will constitute 25% of total wind demand in 2028, up from 10% in 2019 and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment, said the analyst firm Wood Mackenzie.The possibility of offshore wind becoming cheaper than coal, gas and nuclear in most major countries is a question of when rather than if.With a diverse 314GW global offshore wind portfolio to tap into and cumulative offshore wind capacity expected to increase more than seven-fold by 2028, the industry is set for a strong decade ahead.What are the biggest trends to watch in the global offshore wind market in 2020 and beyond?

Total Rejects Force Majeure Notice From Chinese LNG Buyer

© vladsv / Adobe Stock

French oil major Total has rejected a force majeure notice from a buyer of liquefied natural gas (LNG) in China, a Total executive said during the company's full-year results presentation on Thursday."Some Chinese customers, at least one, are trying to use the coronavirus to say I have force majeure," said Philippe Sauquet, head of Total's gas, renewables and power segment."We have received one force majeure that we have rejected."A Chinese international trade promotion agency said last week it would offer force majeure certificates to companies…

ABS Grants AIP to KHI's LPG System

Image: Kawasaki Heavy Industries

ABS, a global provider of classification and technical advisory services to the marine and offshore industries, has granted Approval in Principle (AIP) to Kawasaki Heavy Industries, Ltd. (KHI) for its LPG as Fuel system design.According to a press release, a dual-fuel engine capable of using both marine diesel oil and LPG as fuel, KHI claims the system simultaneously reduces fuel consumption and enables the engine to meet NOx Tier 3 regulations.“Using LPG as a fuel can lower emissions to air compared to conventional fuels, both in terms of greenhouse gas emissions and other pollutants.

Triton Knoll Installs Turbines

Image: Triton Knoll

UK's Able Seaton Port (ASP) has begun latest transformation into multi-million Triton Knoll turbine base.Preparatory works are underway to transform Able Seaton Port (Able) for its role at the heart of turbine installation for Triton Knoll Offshore Wind Farm.Able Seaton Port was selected by MHI Vestas Offshore Wind in 2018 to be the offshore wind turbine pre-assembly base for the 857MW Triton Knoll Offshore Wind Farm.The 90 turbine Triton Knoll project and MHI Vestas are jointly investing in the works at the Teesside facility, in a move that will further enhance the port’s skill set and its future business appeal.Once the infrastructure work is complete…

Shale Pioneer Hess Says Key U.S. Fields Starting to Plateau

\© denismax / Adobe Stock

Shale pioneer John Hess said Tuesday that key U.S. shale fields are starting to plateau, calling shale "important but not the next Saudi Arabia."Production in the Eagle Ford Shale in South Texas is starting to plateau, while the Bakken field in North Dakota where Hess is a major producer will hit its peak production levels within the next two years, said Hess, who spoke Tuesday in Houston at the Argus Americas Crude Summit.The Permian Basin, the top U.S. shale field in Texas and New Mexico, will plateau in mid-decade and is already facing well interference issues…

Russia Leads E&P Race in Arctic Region

Image: GlobalData

Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the Barents Sea and northern coastline of Russia are giving an added impetus to resource development in this region, according to GlobalData.GlobalData's report, ‘Arctic Exploitation’, discusses how Russia is keen on hydrocarbon appraisal and development from the Arctic region to such a great extent that…

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 in the North Sea.Following the transaction, PGNiG Upstream Norway’s (PUN) interests in both licences increased to 30%. As a result, the volume of Duva field gas production attributable to the Company will rise to 0.2 bcm per year.“Acquisition of fields on the Norwegian Continental Shelf is one of the investment priorities of the PGNiG Group. Our aim is to…

Canadian Energy Sector to Boost Spending

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

Simec: Tidal Power Hits Record at MeyGen

Image: Simec Atlantis Energy

The developer of renewable and sustainable energy projects, Simec Atlantis Energy, has hailed progress at its MeyGen project – announcing that its 2019 performance represents a record period of uninterrupted generation from a tidal turbine venture of its kind.The world’s largest operational tidal stream array  has now exported 24.7GWh of predictable renewable electricity to the national gridIn 2019 alone, MeyGen exported over 13.8GWh of predictable renewable electricity, equivalent to the average annual electricity consumption of around 3800…

Global Wind Capacity to Reach 626 GW

Image courtesy: Ørsted

The global wind power industry is expected to install more than 626,800 MW of new capacity over the next decade, said a report.According to a report from Navigant Research, this new capacity represents a market worth more than $92 billion in 2019 and more than $1 trillion over the forecast decade.According to the report, global offshore wind development is expected to experience a 16% compound annual growth rate over a 10-year forecast period.China, Taiwan, and Europe are the leading markets, with the US soon to join when the first large-scale…

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 power provision during the turbine commissioning phase.Located in the North Sea, around 23 km off the coast of the Netherlands, the project will comprise of 94 Siemens Gamesa Renewables 8.0-167 type turbines, giving a total capacity of 752 MW.MRE Business Director Toby Mead said: “we understand the requirements and expectations from the Ørsted project team and they align with our ambitions from an MRE perspective…

CaribX Ups Stake in Cape Licence Off Honduras

Image by CaribX

The Central American and Caribbean specialist exploration company CaribX said that it is increasing its share of the Main Cape Operating contract in Honduras.Following government approval CaribX will hold a 55% interest in the highly prospective licence area.CEO Rory Scott Russell said: "We are pleased to have closed this latest round of funding and delighted to have such a highly qualified and experienced group of explorers and entrepreneurs joining the company. Attracting the team behind Sierra and the giant Zama discovery demonstrates the enormous potential offshore Honduras…

Belgium Launches Offshore Wind to Hydrogen Project

Photo: Port of Oostende

Belgium's Port of Oostende, the engineering services provider DEME Concessions NV and Belgium-based investment management company PMV have launched a project to establish a plant in the Oostende port that produces green hydrogen from the electricity produced at Belgium’s offshore wind farms.The goal of the project, HYPORT Oostende, is to build the green hydrogen facility in the Plassendale 1 port area and have it up and running in 2025.Their goal is to have a plant operational in the port area of Ostend by 2025 that produces green hydrogen.

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 five-year contract covers inspection and assurance services during the erection and commissioning phases of three North Sea converter platforms, with construction sites based among other in Spain, Norway and Turkey.The contract includes services on the TenneT FAST project (Framework Agreement for Site Supervision at Yards for TenneT) such as detailed site supervision…

Alaska's North Slope Holds 3.6 Bn Barrels Oil

Image: USGS

U.S. Geological Survey (USGS) department estimated that Alaska's Central North Slope 3.6 billion barrels of oil. Assessment also included estimate for 8.9 trillion cubic feet of natural gas.This assessment does not include discoveries made by industry between 2013 and 2017.“Alaska is synonymous with energy, and this assessment just reinforces that,” said USGS Director Jim Reilly. “The State of Alaska and its industry partners have responsibly produced billions of barrels of oil from Prudhoe Bay, and we think there are still billions more in…

Ørsted, US Unis to Study Whales in OWP

Image: Ørsted

Danish developer Orsted U.S. Offshore Wind has signed a research partnership  with Rutgers University, the University of Rhode Island and Woods Hole Oceanographic Institution to support academic research activities related to offshore wind.The group is set to launch the Ecosystem and Passive Acoustic Monitoring (ECO-PAM) project.Ørsted signed an initial memorandum of understanding with Rutgers University in May 2019 to support academic research activities related to offshore wind. The ECO-PAM project will be in addition to this initial funding…

Poland Eyes 10GW Offshore Wind Capacity by 2027

Image: Polish Wind Energy Association

Poland's ministry of state assets has published a draft of legislation to promote offshore wind power, aiming to award more than 10GW in the Baltic Sea by 2027.The country will  incentivise the construction of around 10 GW of offshore wind capacity in the Baltic Sea with 25-year contracts for difference to be awarded by 2027, it said in the draft law.It is proposing to award fixed-price contracts for difference (CfDs) to up to 4.6 GW of advanced offshore wind projects before it starts its first tenders for offshore wind.In the first auction – in 2023 – the country would tender for 0.5 GW…

German Offshore Wind Capacity Reaches 7.5GW

Image: VDMA

A total of 1,469 offshore wind turbines with a capacity of 7,516MW feed electricity into the German offshore wind industry grid as of now. 160 turbines with a capacity of 1,111MW were connected to the grid in 2019.According to a joint press release from country's wind energy associations said: “Offshore wind energy has developed from Germany into an international success story. Electricity from offshore wind energy is cost-effective, reliable and constantly competitive."The industry has long been calling for an expansion to at least 20 GW by 2030 and an expansion path that goes beyond that.

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, procurement, construction, installation & commissioning) and decommissioning services for brownfield modification from Neptune Energy for its Dutch North Sea assets.Fluor will book its portion of the undisclosed contract value in the first quarter of 2020, said a press note.Neptune is the largest offshore gas and oil producer in the Dutch sector of the North Sea and is part of the Neptune Energy Group…

Offshore Wind: The Domino Effect

Matt Tremblay, SVP, Global Offshore, ABS

Matt Tremblay, SVP, Global Offshore, ABS, discusses the next hot growth market ... offshore wind. While the market grows, the question begs: Is the U.S. marine industry ready to meet demand?The American Bureau of Shipping convened a conference to discuss the pace and direction of the U.S. offshore wind market, including challenges and opportunities for maritime, offshore, subsea and logistics markets. Matt Tremblay, SVP, Global Offshore, ABS, moderated the event and shares some of its findings here.Where do you see opportunities today for growth in the U.S.

NJ Governor Signs Offshore Wind Bill

Photo: New Jersey Governor Phil Murphy's Office

New Jersey Governor Phil Murphy signed into legislation Bill, expanding the definition of a 'qualified offshore wind project'. This definition now includes an 'open access offshore wind transmission facility'.With the new legislation in place, developers seeking New Jersey Board of Public Utilities (NJBPU)  approval as a qualified offshore wind project are required to include within its detailed description for the project any transmission facilities and interconnection facilities to be installed.The definition also includes all related interconnection facilities and equipment in the Atlantic Ocean.

CMHI Builds Alfa Lift

Image: Offshore Heavy Transport

The construction of the 48,000 dwt semi-submersible offshore wind farm foundation installation vessel, Alfa Lift, is progressing at the China Merchants Heavy Industry (CMHI) shipyard.CMHI has installed 78 out of 162 blocks in the dock of Offshore Heavy Transport’s (OHT) new wind farm foundation installation vessel.The hull structural steel construction of the remaining blocks is also taking shape; in total 103 of the 162 blocks have reached the non-destructive testing completion status.Alfa Lift, for which the first steel was cut on 1 March 2019…

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 by Rystad Energy.According energy research and business intelligence company, such a trajectory means capital expenditure in US offshore wind will likely exceed those in US offshore oil and gas within the next five years – a truly remarkable development.“There are currently 6 GW of offshore wind projects in the US that have been sanctioned for development, requiring collective investments of more than $20 billion over the next five years.

Ørsted Tops World's Sustainable Companies

Image: Ørsted

The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index.The Denmark-based global power company has outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world.Henrik Poulsen, CEO of Ørsted, said: "We're immensely proud to rank as the world's most sustainable company. From our origins as a traditional fossil fuel-based energy company, we've transformed into one of the largest renewable energy companies in the world.

Rotterdam Port Explores Option of Geothermal

Image: Port of Rotterdam Authority

Research into the geothermal port of Rotterdam is entering the next phase, according to the Port of Rotterdam Authority.Shell Geothermal BV and the Port of Rotterdam Authority are jointly investigating the options for geothermal energy in the western part of the port of Rotterdam. The two companies have received an exploration permit from the Ministry of Economic Affairs.The subsurface has been mapped out thoroughly in recent years as part of the Ultra-Deep Geothermal Energy (UDG) green deal. Obtaining the exploration permit means that Shell and the Port Authority will have time in the coming years to further detail their plans…

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

© anekoho / Adobe Stock

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…