Friday, May 29, 2020

Deme Offshore Joins Neptune's Hydrogen Project

Image Credit: Neptune Energy

Offshore installation contractor Deme Offshore has joined Neptune Energy's PosHYdon pilot, the world’s first offshore green hydrogen project, being developed in the Dutch North Sea.Part of the Belgian Deme Group,  the company joins as a partner and will provide the hydrogen unit for installation on the Neptune-operated Q13a platform. The pilot aims to integrate three energy systems in the North Sea: offshore wind, offshore gas, and offshore hydrogen by producing hydrogen from seawater on the Q13a.Lex de Groot, Managing Director of Neptune Energy in the Netherlands…

First Turbine Installed at Borssele III/IV Offshore Wind Project

Image Credit: MHI Vestas Offshore Wind

The first offshore wind turbine has been installed at the Borssele III/IV wind project in the Dutch North Sea, the turbine builder MHI Vestas Offshore Wind has said."The first turbine at the 731.5 MW Borssele III/IV offshore wind project has now been installed by MHI Vestas at site 55 km off the coast of the Netherlands. The first of the 77 V164-9.5 MW wind turbines was installed by the project team after setting sail from the Port of Vlissingen on the Aeolus offshore installation vessel," MHI Vestas said Thursday.The Borssele III & IV offshore wind farms are being built in the Dutch North Sea by Blauwwind…

RWE, Kyuden Mirai in Japan Offshore Wind Pact

Image by agrarmotive - AdobeStock

RWE Renewables Japan, a Japanese branch of Germany's RWE Renewables, and Kyuden Mirai Energy Company, a Kyushu Electric Power company, have signed a Joint Bidding Agreement to enter into a full-scale feasibility study for the offshore wind power project planned off the coast of Yurihonjo City, Akita Prefecture."We will proceed with formal preparations of the public tender to be organized by the central government based on the Offshore Wind Promotion Law, as well as the Environmental Impact Assessment filing process," RWE said.The move comes a year after the two companies signed a deal to jointly study fixed-bottom offshore wind project developments in Japan.RWE said Thurs

Gazprom's Arctic Offshore Platform Ships Its 200th Oil Cargo

Image Credit: Gazprom Neft

Gazprom Neft, the oil branch of Russian gas giant Gazprom, has shipped the 200th consignment of ARCO crude from its Prirazlomnaya offshore platform in the Russian arctic.This milestone shipment was carried out by the Mikhail Ulyanov tanker — several return trips to the Prirazlomnaya platform being necessary to despatch a consignment comprising 70,000 tonnes of oil. "The vessel typically approaches one of various direct-loading facilities — or moves away from the platform, at a safe distance — depending on the prevailing wind direction, currents and movements of ice.

Prysmian's Inter-array Cables for Saint-Brieuc Offshore Wind Farm

Image Credit: Prysmian

Italian marine cable installation company Prysmian has won an €80 million contract to provide the submarine inter-array cable systems for the Saint-Brieuc offshore wind farm in France.Under the contract awarded by the wind farm developer Ailes Marines -  fully owned by Spain's Iberdrola - Prysmian will be responsible for the design, supply, installation, and commissioning of 90 km of three core 66 kV HVAC XLPE-insulated inter-array cables. Cable cores will be manufactured at Prysmian's Montereau-Fault-Yonne and Gron (France) base and then assembled and finished in Nordenham (Germany).

Norway: OMV Gets NPD Nod for Hades Drilling

Island Innovator rig - Image by Hans Hausman - MarineTraffic

Austrian oil and gas firm OMV has been granted a permit for the drilling of the offshore well 6506/11-12 S in the Norwegian Sea.The company's Norwegian subsidiary OMV Norge will use the Island Innovator semi-submersible to drill the appraisal well at the prospect named Hades in the production license 644.OMV Norge is the operator with an ownership interest of 30 percent. The other licensees are Equinor (40 percent), DNO (20 percent), and Spirit Energy (10 percent).The well will be drilled about 4 kilometers west of the Morvin field. This is the second exploration well to be drilled in the license.The drilling permit…

Northern Offshore Services, SEA O.G Form CTV JV for U.S. Offshore Wind Space

Image Credit: Northern Offshore Services

Northern Offshore Services (N-O-S) and SEA O.G have entered into an agreement to provide marine services and CTV operations to the offshore wind industry in the United States.The partnership will combine the forces of N-O-S, the crew transfer vessel operator in Europe, and the offshore services provider, SEA O.G. Offshore.Northern Offshore Group, based in Sweden operates about 65 vessels in which most are crew transfer vessels.“SEA O.G Offshore is a highly skilled marine supplier with a distinguished reputation for excellence,” says Fredrik Hallqvist, Chief Commercial Officer of Northern Offshore Services.

Atlantic Wind Transfers' CTV for Dominion's U.S. Offshore Wind Farm

Image Credit: Atlantic Wind Services

Quonset Point, Rhode Island-based Atlantic Wind Transfers has secured its second long-term O&M Crew Transfer Vessel contract in the U.S.Under the contract Atlantic Wind Transfers will provide offshore marine support services for the Siemens Gamesa offshore wind turbines to be installed for the first offshore wind project in U.S. federal waters. The project is being developed by Richmond, Va.-based Dominion Energy. Atlantic Wind Transfers was selected by Dominion Energy through a competitive bid process. The crew transfer vessel will be based out of Virginia’s Hampton Roads region.Atlantic Wind Transfers is the first CTV owner/operator in the U.S.

Petrofac Starts Rubie and Renee P&A Work

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

UK oilfield services firm Petrofac has kicked off the plugging and abandonment work on the Rubie and Renee fields in the North Sea using Awilco's WilPhoenix rig.Petrofac won the Rubie and Renee P&A contract with Hess in August 2019.Over the next three months, Petrofac will provide Well Operator, Well Engineering, and Project Management services to decommission four wells within the Rubie and Renee fields, 200km northeast of Aberdeen.Petrofac is responsible for detailed planning, direct procurement, and management of all sub-contracted services…

GMS Fleet Utilization at 2015 High as More Middle East Work Secured

A GMS jack-up unit/Credit: GMS

Gulf Marine Services PLC (GMS), a UAE-bases supplier of offshore jack-up service units, has won a seven-month contract for one of its E-Class (large) vessels, and an extension for a smaller unit.Under the 7-month contract which also includes extension options, GMS will provide support for offshore activities on behalf of a Middle East client, the company said Tuesday.The vessel will be mobilized for the start of operations during the summer of 2020. GMS has also secured a two-month contract extension of a K Class (small) vessel, also for a Middle Eastern-based client. "This increases the total GMS fleet utilization to 82% for 2020.

European Energy Wins Approvals for Two Offshore Wind Farms in Denmark

For illustration; Offshore wind farm . Image by badaho/AdobeStock

Renewables developer European Energy A/S has received the approval of its environmental impact assessments (EIA) for two of its offshore wind projects, Omø South and Jammerland Bay in Denmark. European Energy started developing the projects back in 2012 through the so-called open door procedure. The two offshore wind projects are expected to enter into operation in 2023. They have a total capacity of 560 MW.According to the company the two offshore wind developments will create 60-80 permanent jobs and 3,000-5,000 jobs during the construction phase.Knud Erik Andersen…

Largest Wind Turbines for U.S. Largest Offshore Wind Project

Image Credit: SGRE

Siemens Gamesa Renewable Energy's new wind turbines with up to 15MW capacity have been earmarked for an offshore wind project in the U.S.First, the company on Tuesday morning said it was planning to the giant SG 14-222 DD offshore Direct Drive wind turbines at the 300 MW Hai Long 2 project in Taiwan.Later on the same day, SGRE said the same type of turbine - launched just last week - would conditinally be supplied to the massive 2,640-MW Dominion Energy Coastal Virginia Offshore Wind (CVOW) commercial project. "This project will be home to Siemens Gamesa’s latest offshore turbine variant having the capability to produce up to 15 MW with a 222-meter rotor.

Fugro IOVTEC Wins Survey Work at Hai Long Wind Farm Sites

Fugro Voyager - Credit: Fugro

Fugro IOVTEC, a JV between Dutch Fugro and Taiwan's IOVTEC, has secured an offshore geotechnical site investigation project in Taiwan for the Hai Long 2 and Hai Long 3 offshore wind farms. The Hai Long offshore wind farms are being co-developed by Northland Power Inc, Yushan Energy, and Mitsui & Co. Under the newly awarded contract, Fugro IOVTEC will acquire Geo-data at 32 wind turbine locations and the site investigation will be carried out in two phases: seabed and downhole. The seabed phase will be performed using Fugro’s SEACALF continuous drive system. The Fugro Voyager geotechnical drilling vessel will be deployed for the downhole phase.

Guyana Received $4.9M in Oil Royalties in 1Q

Liza Destiny FPSO is currently producing oil at the Stabroek Block off Guyana - Image Credit: SBM Offshore

Guyana received $4.9 million in royalty payments for oil production at the offshore Stabroek block in the first quarter, the finance ministry said on Monday, a period that included the South American country's first crude exports.The crude produced by an Exxon Mobil Corp-led consortium at the Stabroek's Liza field was priced for the purposes of royalty payments at $61.87 per barrel in January, $54.35 per barrel in February, and $36.79 in March, the ministry said.Crude prices worldwide plunged throughout that period due to a drop in demand from the spread of the novel coronavirus, as well as a price war between top producers Russia and Saudi Arabia.

Tekmar Boosts U.S. Offshore Wind Presence

Image Credit: Tekmar

Tekmar Group, a UK-based offshore services provider, has announced the involvement of its operating companies; Ryder Geotechnical, Agiletek Engineering, Tekmar Energy, and Pipeshield International in the Coastal Virginia Offshore Wind Project (CVOW) on the East Coast of the US.The 12 MW CVOW project is the first offshore wind project in US federal waters. It includes the deployment of two 6MW commercial-scale offshore wind turbines that will help to determine the best practices for future offshore wind projects located on the East Coast.Ryder Geotechnical…

NOIA: U.S. Offshore Drilling Ban Would Crush Jobs, Govt Revenues

Offshore drilling rigs - Image by wildnerdpix / AdobeStock

A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore drilling industry group said on Tuesday.The report by the Washington-based National Ocean Industries Association comes as Biden and other Democrats hoping to unseat Republican President Donald Trump in November's election have vowed to shift the country away from planet-warming fossil fuels to help avert the worst impacts of climate change."It's important for the public and policymakers to understand the ramifications…

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

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

Polish oil company PGNiG said Monday it expects to produce about 115 tons of oil from the Skogul field offshore Norway in 2020.First oil from Skogul, located in the North Sea, offshore Norway was achieved in March, 2020. was achieved during the quarter. The field is operated by the Norwegian oil company Aker BP, with a 65% stake, while the Polish firm owns the remaining interest.Jerzy Kwieciński, President of the PGNiG Management Board said Monday:"We expect to produce about 115 thousand tons of oil from the field in 2020 alone. We are working with a recognized partner…

Gas Output to Resume at Israel's Leviathan After Brief Halt

File photo: Noble Energy

Production at Israel's offshore Leviathan natural gas field will resume in the coming hours after an emergency shutdown on Saturday, the project's operator Noble Energy said [on Saturday].The platform's flare system had been activated to burn off excess gas, generating a flame visible from shore, in what Israel's Energy Ministry called an "emergency closure."Noble initially referred to it as an "operational event" but updated later it had been a false alarm caused by a gas detector failure."All the safety systems on the rig are working properly and natural gas production from Leviathan is expected to resume in the coming hours…

innogy Applauds Ireland's Offshore Wind Push

Illustration only. Image by Peterjohn Chisholm - AdobeStock

innogy Renewables Ireland, the joint developer of Dublin Array Offshore Wind Farm, has this week welcomed the announcement by Ireland's Minister of State, Damien English TD, of a clear road map for the development of offshore wind energy in Ireland. The government earlier this week announced the seven offshore wind energy projects that have been designated as Relevant Projects. These are offshore wind projects that either applied for or were granted a lease under the Foreshore Act 1933, or offshore wind projects that are eligible to be processed to receive a valid grid connection offer.

US Grants Royalty Relief to Hard-hit Drillers

© Steve Oehlenschlager / Adobe Stock

The Trump administration has granted royalty relief to several drilling companies producing oil and gas on federal lands in recent weeks, according to a government database, as the industry seeks help weathering low energy prices.The move shows drillers are taking the government up on its offer to consider royalty cuts on a case-by-case basis after the Interior Department rejected industry calls for blanket relief covering all federal leases.The U.S. Bureau of Land Management approved royalty rate cuts on at least 76 federal drilling leases in the state of Utah in recent weeks, according to the database.

Denmark Proposes Two Giant Wind Energy Islands

Image by nuttawutnuy/AdobeStock

Denmark on Wednesday proposed a more than tripling of its offshore wind capacity by building two energy islands linked to new wind farms in the Baltic and North seas to help to meet climate change targets.The energy islands are an important part of the Social Democratic government's climate action plan which was presented on Wednesday but still needs to be ratified in parliament.Climate and Energy Minister Dan Jorgensen said the cost would amount to a three-digit billion crowns figure (100 billion crowns equals $14.7 billion).

LOC to Provide MWS Services for Ørsted Taiwan Offshore Wind Farms

Imag Credit: Halberg AdobeStock

Danish offshore wind developer Ørsted has contracted LOC for the provision of Marine Warranty Survey services (MWS) for the Greater Changhua 1 & 2a offshore wind farms in Taiwan.Under the agreement, LOC will provide MWS services for the transportation & installation of the export and array cables. The cables, including 95 inter-array cables and 16 platform connector cables, will be fabricated in South Korea and transported to Taiwan.The Greater Changhua 1 & 2a offshore wind farms will be located 35-60 kilometers off the coast of Changhua County, with a capacity of approximately 900MW, enough to supply around one million Taiwanese households with electricity.

Prysmian's Cables for Hollandse Kust Zuid III and IV Offshore Wind Farm

Image Credit: Prysmian

Prysmian Group, Italian marine cable installation company Prysmian, has finalized a contract for a project awarded by offshore wind farm developer Vattenfall.The contract is for the provision of the subsea inter-array cable systems for the Hollandse Kust Zuid III and IV offshore wind farm in The Netherlands, following Vattenfall’s successful bid for the permit to develop these non-subsidized wind farms. The award was already announced on July 29, 2019 and the notice to proceed is expected later this year, Prysmian said. "This project is an important addition to Prysmian’s growing portfolio of 66 kV inter-array cable systems…

Spirit Energy Hires PD&MS for Complex E&P Modifications

Illustration only; A Spirit Energy platform - Credit; Spirit Energy

Aberdeen-based engineering and design firm PD&MS has been awarded a new three-year contract with options for a further three-year extension with oil company Spirit Energy. The deal, worth an undisclosed multimillion-pound sum, will see PD&MS deliver complex modifications for the E&P business.The engineering, procurement, construction, and commissioning firm has worked with Spirit Energy since 2018, providing decommissioning support in the Morecambe Bay area. "Building on this existing relationship, the new contract will see PD&MS carrying out campaigns both onshore and offshore in the execution of Spirit Energy’s complex modifications delivery strategy…

Wintershall Dea Earnings Drop

Image Credit: Wintershall Dea

German oil and gas company Wintershall Dea reported a sharp drop in earnings in the first quarter of 2020, prompting it to cut costs and reduce oil and gas exploration.Production amounted to 626,000 barrel of oil equivalent per day (mboe/d) in Jan-March, unchanged from the same 2019 period, the company said in a statement on Wednesday.Due to a weaker price environment for commodities, earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX) fell by 42% to 481 million euros ($526.36 million).Wintershall…

Denmark, Vietnam Talk Offshore Wind Expansion

Illustration only: Image by s_a_j - AdobeStock

Denmark and Vietnam are working on finding ways to further boost Vietnam's offshore wind development, which according to the Danish Energy Agency, has a potential of 160 GW offshore wind. As part of the effort, the Danish Energy Agency and the Vietnamese Electricity and Renewable Energy Authority are preparing an Input to Roadmap report for offshore wind development in Vietnam. The Danish Energy Agency and Vietnamese authorities on Tuesday organized a webinar to discuss the most important governmental steps to move the expansion of offshore wind forward.

Vattenfall Taps NGI for Kriegers Flak Wind Farm Monitoring

Van Oord's Svanen heavy-lift vessel - Credit: Van Oord

Swedish wind farm development company Vattenfall has hired Norwegian Geotechnical Institute (NGI) to provide monitoring services for the Kriegers Flak offshore wind farm being built in the Baltic Sea, offshore Denmark.NGI will provide design, production, and installation of instrumentation for two offshore wind turbines, monitoring the Mono Pile (MP) foundation and Transition Piece (TP). "The instrumentation system supplied by NGI will provide data to fully monitor the structures during operation after installation. The recorded data will be transmitted to shore at given intervals for further analysis.

Rockhopper Reducing Headcount, Directors' Salaries

Sea Lion development scheme - Credit: Premier Oil

Oil and gas company Rockhopper, with a share in the Sea Lion project off the Falkland Islands, has announced a set of cost-cutting measures which include headcount reductions, and directors' salary reduction.The company said Tuesday that due to the "external events affecting the sector" - meaning low oil prices and the pandemic - it would further reduce ongoing G&A costs and re-balance executive director remuneration from cash to equity "while ensuring retention of key staff, capabilities, and knowledge within the business."The company's measures include a permanent reduction to executive director base remuneration…

Repsol Given Green Light to Use Maersk Inspirer at Yme

Maersk Inspirer - Credit: Maersk Drilling

Spanish oil company Repsol has been given a green light to use the Maersk Inspirer jack-up rig at the Yme field, in the North Sea, offshore Norway.The consent, granted by the Petroleum Safety Authority Norway, to connection, completion, and start-up preparations in conjunction with previously installed fixed facilities on the Yme field.The Yme is a field in the southeastern part of the Norwegian sector of the North Sea, 130 kilometers northeast of the Ula field. The water depth is 77-93 meters. The field was discovered in 1987. Production started in 1996 and ceased in 2001.

U.S. Tops List of Most Attractive Countries for Renewables Investments. Overtakes China

Illustration only; Image by bphoto - AdobeStock

The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday.In an annual ranking of the top 40 renewable energy markets worldwide by consultancy EY, the United States was ranked first for the first time since 2016, followed by China.U.S. growth was largely due to a short-term extension of a production tax credit for wind projects and plans to invest $57 billion to install up to 30 gigawatts (GW) of offshore wind by 2030…

Petronas Farms Out Part of Suriname Offshore Block to Exxon

Image Credit: Zerophoto - ADobeStock

Malaysian oil and gas company Petronas has completed the farm-down of a 50% stake in an offshore Suriname block to a subsidiary of ExxonMobil.The offshore block, known as Block 52, is located north of the coast of Paramaribo, Suriname’s capital city, and is situated in the prospective Suriname-Guyana basin where several major hydrocarbon discoveries were made recently. Block 52 covers an area of 4,749 km² with water depths ranging from 50 to 1,100 meters.Following the farm-down, Petronas will remain the operator of Block 52 with a 50% stake, while ExxonMobil will the remaining 50 percent.

Neptune Energy Terminates Deal to Buy Edison's North Sea Business

Gjøa platform; Credit: Neptune Energy

Oil and gas company Neptune Energy has terminated the agreement to acquire Edison E&P’s UK and Norwegian subsidiaries from Energean Oil and Gas. Neptune will pay a $5 million termination fee to Energean.The two companies had last year agreed for Neptune to buy Edison E&P North Sea assets for up to $280 million, after Energean had previously agreed to buy the oil and gas division of Italian energy company Edison for up to $850 million.Neptune's acquisition had been contingent on the closing of Energean's acquisition of Edison E&P. The assets that were supposed to be acquired by Neptune included interests in the Nova and Dvalin gas developments offshore Norway…

EXIM Bank Amends Mozambique LNG Loan. Earmarks $1.8B for Offshore Work

File Photo: Total

The U.S. EXIM Bank has amended its previously approved September 2019 direct loan supporting U.S. exports for the development and construction of the Total-operated LNG project located on the Afungi Peninsula in northern Mozambique.The original scope of the $4.7 billion loan for the project has been amended from exclusively the onshore portion of the LNG plant and related facilities to also allocate an estimated $1.8 billion to support the project’s offshore production. "As a result, the transaction now will support an increased number—16,700—of estimated American jobs over the five-year construction period," EXIM said Friday.The number of U.S.

Delek Looking to Sell Karish & Tanin Royalty Rights

Karish and Tanin fields are operated by Energean / The image shows the fields' development plan - Credit: Energean

Israeli energy conglomerate Delek Group said on Sunday it was in talks to sell royalty rights to two small natural gas fields and was amending its proposed share offering.Delek said it planned to sign a 300 million shekel ($85 million) deal to sell the rights to its share of royalties from the Karish and Tanin gas fields offshore Israel in the coming days.The group has been hard hit by the drop in energy prices and has been selling assets to raise funds and appease bondholders.Israel's Calcalist news website reported that a deal that would reassure bondholders was close…

Fred. Olsen Installs Final Turbine at Trianel Windpark Borkum II

Image Credit: Fred. Olsen Windcarrier

Fred. Olsen Windcarrier’s jack-up vessel Blue Tern on Sunday installed the final turbine at Trianel Windpark Borkum II offshore wind farm in Germany."The last big components were installed Saturday, and final bolt and nut Sunday early morning," Fred. Olsen Wind Carrier said Monday.Fred. Olsen Windcarrier was contracted in February to install the remaining 11 Senvion 6.2M152 turbines on TWB II (out of a total of 32). The Trianel wind farm is equipped with 32 Senvion 6.2M152 wind turbines mounted on monopile foundations.The total wind farm capacity will be 200MW when finished. TWB II is located 45 km off the northern coast of Borkum Island, Germany.

OWC Sets Up Shop in Japan

International offshore wind consultancy and advisory firm OWC (Offshore Wind Consultants) has said it will set up an office in Tokyo to support the fast-growing offshore wind market in Japan."The Japanese government has announced big ambitions when it comes to renewables in general and offshore wind specifically. We want to be part of that vision and be available for offshore wind developers here, while also contributing towards local job and value creation," Will Cleverly, managing director, OWC said.According to GWEC Market Intelligence…

Drydocks World Starts Bokalift 2 Conversion for Boskalis

Image Credit: Drydocks World

Dubai's Drydocks World shipyard has started construction of the offshore wind installation vessel for the Dutch company Boskalis.Drydocks World held a steel-cutting ceremony on Monday to mark the start of production on a conversion project for Boskalis B.V.The shipyard will convert the drillship YAN into an offshore installation vessel named Bokalift 2. The Bokalift 2 is designed to carry out a variety of offshore operations including the transport and installation of wind turbine foundations as well as the installation and decommissioning of offshore platforms.The project is expected to use over 10…

CNOOC, Shell JV sign $5.6B Ethylene Plant Expansion Deal in China

Illustration - Image by ryanking999/AdobeStock

CNOOC and Shell Petrochemicals Company Ltd (CSPC), a joint venture established by China National Offshore Oil Corp(CNOOC) and Royal Dutch Shell, signed a framework agreement worth $5.6 billion with China's Huizhou city government to expand its ethylene project in the city.CSPC is expected to add 1.5 million tonnes per annum ethylene production capacity on top of its existed 2.2 million tonnes in Huizhou, according to a statement issued by CNOOC on Sunday nightThe new project will have 14 petrochemical production lines to churn out products including ethylene, propylene, butadiene and ethylene glycol (Reporting by Muyu Xu and Shivani Singh; Editing by Kim Coghill)

ODE Selected as Duty Holder at Babbage Platform

The Babbage Installation - Image Credit: ODE

Offshore service provider ODE, part of DORIS Group, has won a duty holder contract from NEO Energy (NEO) for the Babbage field in the Southern North Sea."This is a significant ODE milestone as the first installation and pipeline operator (duty holder) appointment in the UK Continental Shelf (UKCS)," ODE said Monday. The company has said it has previously acted as an operations and maintenance provider since the project phase and transitioned the platform from normally manned to not normally manned status in recent years."ODE’s continued involvement in Babbage is important business continuity for NEO Energy…

Lundin Cuts 2020 Oil Output Goal, Raises Long-term Target

Lundin Energy has cut its 2020 oil and gas output target after Norway's decision to reduce production along with OPEC+ producers, the Swedish company said on Monday.The company has a 20% stake in the Equinor-operated Johan Sverdrup field, which reached phase-one plateau output of 470,000 barrels of oil equivalent per day (boepd) in April. It also operates the Edvard Grieg oilfield.Lundin is now targeting daily volumes of 157,000 boepd day this year, down from a previous 160,000-170,000, owing to production restrictions imposed by the government after OPEC+ agreed to cut supplies in an effort to support prices.Norway…

Rystad: Oilfield Services Firms' Market Cap Halved. Offshore Drillers Have it Worst

For Illustration - Image by Ranimiro - AdobeStock

Oilfield services companies have collectively lost almost half of their market capitalization, hit by the combination of the coronavirus pandemic and low oil prices, with offshore drillers, in particular, the most affected, Norway's Rystad Energy has said in its analysis released on Friday."It is widely acknowledged that the oilfield services sector (OFS) is the energy world’s worst-hit market from the Covid-19 pandemic. What is staggering is the extent that the capitalization of listed OFS companies has fallen," Rystad said.Analyzing a representative group of 116 listed OFS companies…

TRIG Buys Share in German Offshore Wind Farm

For illustration only - Angela Rohde/AdobeStock

London-listed The Renewables Infrastructure Group (TRIG) said on Friday it has completed the acquisition of a 36% stake in a 396 megawatt (MW) offshore wind farm in the German North Sea.Commercial operations commenced in June 2019 at the Merkur wind farm and the project benefits from a feed-in tariff for the next 13 years.Dutch pension investor APG has acquired the remaining 64% in the project. Financial details were not disclosed.TRIG also said it has exited from a Swedish onshore wind project being developed by Enercon due to construction delays.Ersträsk is an onshore wind farm in Sweden being developed in two phases.

LR’s Nick Brown: Climate Emergency is “same magnitude, different time domain" to COVID-19

Nick Brown, Marine and Offshore Director, Lloyd’s Register

As the maritime industry settles in on a COVID-19 induced ‘new norm,’ and long-range planning is dramatically shortened,, Nick Brown, Marine and Offshore Director, Lloyd’s Register, said that while much deserved focus must be paid to the current crisis, the industry cannot lose sight of another one looming just as large: climate change. “We strongly maintain that the climate emergency is an event of the same magnitude, just with a different time domain to COVID-19," Brown told Maritime Reporter & Engineering News recently. "Whilst shipping only contributes a small amount to the overall climate emergency picture…

First Foundation Installed for Kriegers Flak Offshore Wind Farm

Van Oord's Svanen vessel - Credit: Van Oord

Following the arrival of Van Oord's Svanen heavy-lift vessel at the Kriegers Flak Offshore Wind Farm location offshore Denmark earlier this week, the first foundation has now been placed on the seabed, Vattenfall, the operator of what will be Denmark's largest offshore wind farm, said Friday."The foundation represents the first visual offshore part of the wind farm itself. It’s a milestone in the development of this great project and Vattenfall’s journey towards enabling fossil-free living”, says Catrin Jung, Head of Offshore Wind, Vattenfall.On the foundations…

New JV to Explore Floating Wind Farm Development in South Africa

Illustration; Image Credit - Hexicon

Swedish floating windfarm developer Hexicon has teamed up with South African wind developer Genesis Eco-Energy Developments to explore the development of offshore wind in the country.For this purpose, two companies have established a joint venture company GenesisHexicon."The purpose is to jointly develop large scale floating wind projects, contribute to the Oceans Economy and clean energy targets for South Africa, and transfer the Hexicon IP for deep water deployment to the South African market," the two companies said in a statement.Henrik Baltscheffsky…

MRE to Support SeaMade Offshore Wind Farm Turbine Commissioning

Image Credit: MRE

Manor Renewable Energy (MRE) has signed a contract with Siemens Gamesa Renewable Energy for the SeaMade Offshore Wind Farm, under which MRE will provide temporary power provision during the turbine commissioning phase.Located in the North Sea, around 50 km off the coast of Belgium, the SeaMade project will comprise of 58 Siemens Gamesa SG 8.0-167 DD offshore wind turbines, giving a total capacity of 487 MW.MRE Business Director Toby Mead said: “Following several successful European temporary power provision projects over the recent past, we are looking forward to once again working with Siemens Gamesa…

Belgium: Northwester 2 Offshore Wind Farm Complete

Image Credit: Parkwind

The 219 MW Northwester 2 wind farm has been completed and is now supplying the Belgian grid electricity by all of its 23 fully operational wind turbines producing 9,5 MW each. This wind farm, owned by Parkwind (70%) and Sumitomo (30%) is the first to use the MHI Vestas V164-9.5 MW turbines in commercial operation. The first turbine was installed in December 2019.This is the seventh wind farm in the Belgian North Sea, which now brings the total offshore energy capacity to 1,776 MW and moves Belgium closer to reaching the goal of supplying 10% of energy demand with offshore wind by the end of 2020…

Transocean Disposing Of Two Semi-Submersibles

GSF Development Driller II - U.S. Coast Guard photo by Petty Officer 3rd Class Barry Bena

Offshore drilling contractor Transocean is disposing of a pair of floating drilling units, the ultra-deepwater semi-submersible drilling rig GSF Development Driller II, and the midwater semi-sub Transocean 712.The 2005-built GSF Development Driller has been stacked since 2016.According to the company's recent fleet status report, the 1983-built Transocean 712 was stacked in April 2020, having worked for Chrysaor. The rig's contract will Chyrsaor will be substituted with either the Paul B. Loyd or the Transocean Leader rig."The company expects…

Work Partially Resumes at Moray East OWF after Covid-19 Demobilization

Illustration only: Image by  s_a_j - AdobeStock

Work has partially resumed on the Moray East Offshore Windfarm project in Scotland following the demobilization of the project’s onshore sites announced in March due to the Covid-19 pandemic.Following the updated guidance from the Scottish Government, Public Health Scotland, and Construction Scotland, a limited amount of work has restarted on the Moray East project on May 11, 2020. "Work will only go ahead where the guidance can be achieved, and several changes have been made to our sites to ensure the safety of the workforce and the public. Protecting our employees and contractors is paramount and we will continue to review the situation daily," the operators have said.

Germany Lifts Offshore Wind Capacity Target to 20 GW by 2030

Illustration - Image by Tim HvW/AdobeStock

The German government, coastal states, and maritime authority BSH have agreed an offshore wind industry deal raising the new expansion target to 20 gigawatts (GW) by 2030 from currently 15 GW, the economy ministry said in a statement on Tuesday. The long-awaited move, which also involved the onshore transmission grid firms 50Hertz, Amprion, and TenneT, came after energy ministers of the states met last week and since then put the finishing touches to negotiations, it said.

LOC to Provide MWS for Chinese Offshore Wind Farm Project

Image Credit: LOC

LOC has won a contract to provide Marine Warranty Services (MWS) to support transport and installation operations for the development of the Jieyang II windfarm. The Jieyang II windfarm will consists of 64 wind turbines, with an installed capacity of 350MW, and a 220kV offshore booster station. The turbines will be connected to the booster station through 16 circuits of 35kV submarine cable.The LOC contract is with China Pacific Insurance Co (CPIC), which is headquartered in Shanghai and listed on the Shanghai Stock Exchange.LOC China will provide document review and verification of all critical marine operations and procedures…

Serica Hires WilPhoenix Offshore Rig for Rhum Well

WilPhoenix drilling rig - Image by MustangJoe/Flickr, shared under CC0 license

Serica Energy has hired Awilco Drilling's WilPhoenix semi-submersible drilling rig for the intervention work on the Rhum-3 ("R3") well in the UK North Sea.The 3rd-Generation, Enhanced Pacesetter, harsh-environment, mid-water, semi-submersible drilling rig will start operations in the fourth quarter of 2020 and last approximately 70 days. The contract follows a letter of intent the two companies signed in February.The work program will involve recovering debris left in the well by the previous operator and removing an obstruction that is believed to be in place across parts of the downhole completion. The well will then be recompleted and put into production.

China Issues Second Batch Fuel Export Quotas

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China has issued 28 million tonnes of refined fuel export quotas in the second allotment for this year, little changed from the first batch of 27.99 million tonnes issued last December, according to four sources with knowledge of the matter.The quotas were released last week to five state oil companies, PetroChina, Sinopec, China National Offshore Oil Corp, Sinochem Group and China National Aviation Fuel Corp, the sources said.The new quotas, of mostly gasoline, diesel and aviation fuel, come as domestic fuel consumption is recovering from a plunge in demand caused by the novel coronavirus…

Macquarie's to Compete for Scottish Offshore Wind Lease

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Macquarie's Green Investment Group (GIG) and Scottish offshore wind developer Renewable Infrastructure Development Group have partnered to compete in the next round of leasing for offshore wind development in Scotland, they said on Monday.ScotWind, the next round of seabed leasing for offshore wind development off the Scottish coast, is due to be launched by Crown Estate Scotland soon.Crown Estate Scotland has said that it has completed preparation of leasing documentation and is working with the Scottish government to finalize and formally…

PHOTO: Van Oord's Heavy Lift Vessel Reaches Kriegers Flak Offshore Wind Farm

Image Credit: Van Oord

Van Oord’s heavy lift vessel Svanen has arrived at the Danish Kriegers Flak Offshore Wind field in the Baltic Sea off Denmark, where it will install foundations for wind turbines.The Dutch offshore contractor entered into an agreement with Vattenfall for the transport and installation of the foundations for Kriegers Flak wind farm. Van Oord will install the 72 monopiles and transition pieces. With a production capacity of just over 600 MW, Kriegers Flak will be Denmark’s largest offshore wind farm and is scheduled to be fully operational in…

Japan's Jera Joins World Forum Offshore Wind

Illustration; An offshore wind farm - Image by diak / AdobeStock

Japanese energy company JERA has decided to join World Forum Offshore Wind (“WFO”), an organization that promotes the global growth of offshore wind energy.WFO was founded in 2018 in Germany, and it promotes the industry by gathering and distributing related information and educating government officials around the world. WFO has launched a subsidiary Floating Offshore Wind Committee (“FOWC”), which plans to begin activities in June 2020. As a member of WFO and FOWC, JERA will contribute to the growth of floating offshore wind power generation…

Denmark's Vestas Breaks Wind Turbine Installation Record, Woodmac Says

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Danish wind farm turbine builder Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.The Danish OEM’s grid-connected capacity of 11.3 GW in 2019 is an increase of 1.5 GW on 2018, with installations completed in over 35 markets. The company’s installations in the Americas region contributed more than 50% of capacity for the first time. This was driven by the US, Mexico, and Argentina.Siemens Gamesa Renewable Energy (SGRE) climbed to the second position according to Wood Mackenzie’s research…

Oil rises 5% in second weekly gain on output cuts, demand hopes

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Oil prices settled 5% higher on Friday in their second consecutive week of gains as U.S. producers cut production with the number of drilling rigs falling to a record low, and as more states moved ahead with plans to relax lockdowns intended to halt the coronavirus pandemic.The number of operating oil and natural gas rigs fell by 34 to an all-time low of 374 this week - reflecting data going back 80 years - as the energy industry slashes output and spending to deal with the coronavirus-led crash in fuel demand.North American oil companies…

Wood, NERA Team Up for AI-Powered Subsea Inspections

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Oil and gas engineering firm Wood has teamed up with National Energy Resources Australia (NERA) to develop and deliver an AI Inspection tool for subsea oil and gas infrastructure.The companies say that the solution has the potential to revolutionize the way asset inspections are conducted in challenging and high-risk environments across a range of industries while increasing the speed and accuracy of issue detection, response, and resolution.According to a statement released by NERA, Wood’s Augmented Machine Vision Solution provides a real…

Enbridge Sells Stakes in French Offshore Wind Projects

Image for illustration - Credit: Parc éolien en mer de Saint-Nazaire / GE / Chris New

Canadian energy infrastructure firm Enbridge has reached a deal to sell 49% of its 50% interest in three offshore wind projects under development in France to the Canada Pension Plan Investment Board (CPP Investments).The deal includes initial proceeds of over C$100 million (USD 71,1 million), and pro-rata contributions for development and construction, going forward.The company said Thursday it had on on May 1, 2020, executed agreements with CPP whereby 49% of  Enbridge's 50% interest in Éolien Maritime France SAS (EMF) will be sold to CPP…