Tuesday, December 10, 2019

Enbridge, Enterprise to Develop GoM Crude Export Terminal

© artitcom / Adobe Stock

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

PGNiG Inks Exploration Deal with ERU

(Photo: PGNiG)

Poland's dominant gas firm, state-run PGNiG, said on Monday it was signing a contract with Ukraine's ERU Management Services on cooperation on oil & gas extraction and exploration in Ukraine."This contract makes us an active player in the region's gas market and also contributes to the safety of Poland and all countries," said Polish presidential aide Krzysztof Szczerski during a press conference to announce the agreement.(Reporting by Anna Koper, writing by Alan Charlish)

Electrifying Norway's Offshore Production

Image: Rystad Energy

According to Rystad Energy, Norway has taken several steps to reduce its upstream emissions through electrifying offshore platforms, reducing flaring volumes, installing carbon capture and storage (CCS), and other energy efficiency measures.It said that power from shore to offshore platforms already started in 1996 when Troll East (A) came on-stream, with the Johan Sverdrup field as the latest addition…

Offshore: OSV Market Report

Photo courtesy Ulstein Group/Marius Beck Dahle

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil.

Majors Press Mexico to Resume Oil Auctions

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Big oil companies operating in Mexico have launched a drive to convince leftist President Andres Manuel Lopez Obrador to resume auctions of oil and gas contracts he has branded a failure in reviving the industry.Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell Plc, among other firms in Mexico's Association of Hydrocarbon Companies (Amexhi), say they have met output targets and investment pledges…

China to Launch State Pipeline Group

© Xiangli / Adobe Stock

China plans to launch its long-awaited national oil and gas pipeline company on Monday, part of a sector-wide reform aimed at providing fair market access to infrastructure and boost investment in oil and gas production.Most of the country's pipeline infrastructure is controlled by energy giant PetroChina, CNPC's listed arm, and small, non state-owned oil and gas producers and distributors often don't have access to the pipelines at competitive rates, analysts have said.This also hinders compani

Rever Completes North Sea Decom Project

Barry Macleod. Photo: Rever Offshore UK Limited

Subsea services provider Rever Offshore has successfully completed a North Sea infrastructure decommissioning project of the Greater Dunlin Area for Fairfield Energy.The subsea project delivery and execution provider to the offshore energy industry said that the assignment – in the East Shetland basin – was “one of the largest scale decommissioning projects undertaken by the company.”The project used diving support vessels Rever Sapphire and Rever Polaris…

Prysmian Wins Equinor's Empire Wind Gig

Image: Prysmian Group

Norwegian energy company Equinor has contracted Italian cable manufacturer Prysmian to supply the submarine inter-array cable system for the 816-MW Empire Wind project off the coast of New York.Prysmian will provide the 66kV insulated array cables and ancillaries that will transmit power from the wind turbines which will have a capacity in the range of 10-15MW.The cable system will undergo continuous…

Sapura Energy Secures New Order

Image: Sapura Energy

Malaysian oil and gas services firm Sapura Energy has secured several new contracts and contract extensions for its engineering and construction (E&C) as well as drilling segments.The contracts, valued at approximately RM615 million (USD 148 million), brings the total order book year-to-date to RM15.1 billion, which will increase work volume and utilization of assets.Building on its long-term relationship…

SGRE's 1,000th Offshore Wind Turbine Up

Image: Siemens Gamesa Renewable Energy

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

Croatia Awards Licence to INA for Gas and Oil Exploration

The Croatian government said on Thursday it had awarded a licence to energy group INA for gas and oil exploration and exploitation on one block in the country's central and mountainous southern area.It gave no financial details.Earlier this year Croatia received one bid from INA for exploration in one block in the Dinarides region in a tender offering four blocks stretching over an area of 12,134 square km (4…

Oil Companies Swap Stakes in Mexico

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

North Sea Countries to Boost Offshore Wind

Image: WindEurope

Energy Ministers from North Seas countries met yesterday (December 04) in Brussels and agreed their 2020 Work Program on offshore wind deployment as a means of reaching climate neutrality by 2050.The 10 North Seas Energy Cooperation countries – Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, Sweden and the UK – agreed at their Ministerial meeting in Esbjerg in June 2019 to broaden the scope of their cooperation.

Ørsted, Covestro Ink World's Largest Offshore Wind PPA

Borkum Riffgrund 1 Offshore Wind Farm adjacent to the planned Borkum Riffgrund 3 project. (Photo: Ørsted)

Polymer materials supplier Covestro has signed a 10-year corporate power purchase agreement with Ørsted to buy the output of 100MW from the planned Borkum Riffgrund 3 offshore wind farm, expected to be fully commissioned in 2025, subject to Ørsted's final investment decision (FID).Covestro will offtake 100MW of the planned wind farm's 900MW total capacity for 10 years, which makes it the world's largest corporate PPA for offshore wind.

KCA Deutag Wins UK North Sea Contract Extension

Image: KCA Deutag Group

Canadian Natural Resources International (CNRI) has awarded KCA Deutag a five-year extension to a drilling operations and maintenance services contract.The UK-based international oil and gas services company said that multi-million pound contract is for the provision of drilling operations and maintenance services on CNRI’s three platforms - Ninian South, Ninian Central and Tiffany platforms.The two companies have a long history of working together…

Vietnam Inks Crude Oil Supply Deal with SOCAR

(File photo: BSR)

Vietnam's state-run Binh Son Refining and Petrochemical Co (BSR) has inked an agreement with Azeri state energy company SOCAR to buy five million barrels of crude in 2020, BSR said late on Friday.SOCAR Trading will provide five million barrels of Azeri Light crude to BSR's Dung Quat refinery during the first half of 2020, BSR said in a statement on its web site.The company said Azeri crude would also become one of its strategic crude oil products from 2020, following Vietnam's abolishment of an

Leviathan Gas Exports Expected by Month's End

(Photo: Noble Energy)

Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field's operator said on Monday."Within 2-3 weeks we will open the wells and start to supply the gas," said Binyamin Zomer, vice president for regional affairs at Texas-based Noble Energy, reaffirming the company's pledge to begin production by the end of 2019."Before the end of the year we will star

Energean Targets Net Zero Carbon Output by 2050

(Photo: Energean)

Mediterranean-focused oil and gas producer Energean has joined a U.N.-backed initiative and committed to reducing its net carbon emissions to zero by 2050, its chief executive said on Monday.Oil and gas producers have come under heavy pressure in recent years to tackle greenhouse gas emissions as the world battles climate change.Energean's pledge came as the 25th annual United Nations Climate Change Conference — also known as COP 25 — begins in Madrid.The company said in a statement it was the f

Indonesia Mulls Production Contract Schemes

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Indonesia considers allowing for production sharing oil and gas contracts optionsIndonesia is considering letting energy companies stick with the "cost recovery" system for oil and gas production sharing contracts, the energy minister said on Monday, after the government decided to adopt a new scheme in 2017.In 2017, Indonesia adopted a scheme known as "gross split" for oil and gas production deals…

EDF Begins Construction on 450 MW OWF

Photo: EDF EN

French utility EDF Group announced that its subsidiary EDF Renewables has launched the construction of the Scottish Neart na Gaoithe (NnG) offshore wind farm project along with the new partners, the Irish electricity company Electricity Supply Board (ESB), which is taking a 50% stake in the project.The 450MW Neart na Gaoithe will consist of 54 turbines and will be located in the North Sea approximately 15 kilometers off the coast of Fife in south-east Scotland.When fully operational…

Providence to Operate Avalon as Total Exits

Image: Providence Resources

As Total E&P Ireland, a subsidiary of the French multinational oil giant, has withdrawn, Providence Resources has taken over operatorship of the Frontier Exploration Licence (FEL) 2/19, which contains the Avalon prospect, located offshore Ireland.FEL 2/19 is located in the southern Porcupine Basin, offshore Ireland and contains the undrilled Paleocene “Avalon” exploration prospect. FEL2/19 lies adjacent…

K Line, FueLNG Team-up on LNG Bunker

Image: Kawasaki Kisen Kaisha

Japanese shipping firm Kawasaki Kisen Kaisha (K Line) has announced that it has concluded a ship management agreement with FueLNG Pte Ltd for a 7500 m3 LNG bunkering vessel (LBV).FueLNG will own and operate the vessel, as well as carry out all commercial operations, said K Line press statement.The partnership will combine K Line’s extensive ship management and LNG transportation experience with FueLNG’s LNG bunkering expertise…

Tekmar Wins OWP in Taiwan from Seaway 7

Image: Tekmar Energy

Tekmar Energy, a provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, has secured an award in Taiwan from a repeat client Seaway 7 for wpd’s 640MW Yunlin project.The developer and manufacturer of sub-sea cable protection systems for the renewable energy industry said that under the contract, it will be supplying 150 of their patented CPSs…

Saitec Installs Prototype BlueSATH

Image: Saitec

Spanish engineering company Saitec it will deploy its first medium-scale offshore wind prototype, called BlueSATH, near Santander, Spain, in the first quarter of 2020.The project is scheduled to go online during the first quarter of 2020 in the open sea waters, said the company.Testing will take place in real sea environment with the deployment of a 1:6 scaled prototype of a 10 MW wind turbine using SATH floating technology…

Vaalco Eyes Equatorial Guinea Block

Image: Vaalco

Houston-based Vaalco Energy said that it is in talks to serve as operator for three Equatorial Guinea (EG) oil blocks recently awarded to Levene Hydrocarbon.Vaalco Energy Mauritius (Vaalco EG), the subsidiary of the company, is in preliminary talks to become a contract operator for offshore block 19 and two onshore concessions but would not own any interest in the blocks.Mauritius subsidiary currently holds a 31% participating interest in Block P…

Petronas Names Second FLNG in S. Korea

Image: Petronas

Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floating LNG facility is designed to extract gas from deepwater gas reservoirs in depths up to 1,500 meters.With PFLNG Dua, the national oil and gas company of Malaysia owns and operates two floating LNG facilities, following the success of PFLNG Satu which has been in operation since 2017.

Orsted Raises $660m Green Finance

Image: Ørsted

Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m) to refinance existing securities issued in 2015.The latest issue will have a maturity in 3019 and first call option after eight years, the Danish energy company said.Investments undertaken by Ørsted A/S in green renewable energy projects will be allocated to the new issue corresponding to the amount issued in accordance with Ørsted’s Green Finance Framework…

Huge Potential for Asian Offshore Wind

Photo: Danish Shipping

Offshore wind industry is set to gain a foothold in new markets in the next five years, with the Asian markets playing a significant role.China has significant ambition for the build-out of offshore wind – and added more capacity in 2018 than any other country. However, what is less known, is that markets such as Korea, Japan, Vietnam and India – have made plans to incorporate offshore wind into their…

U.S. Drillers Cut Rigs for 12th straight Month

AdobeStock / © xmentoys

U.S. energy firms reduced the number of oil rigs operating for a record 12th month in a row after this week cutting rigs for a sixth consecutive week as producers slash spending on new drilling.Drillers cut three oil rigs in the week to Nov. 27, bringing the total count down to 668, the lowest since April 2017, energy services firm Baker Hughes Co said on Wednesday in a report released two days early due to the U.S. Thanksgiving holiday.

Jan De Nul orders Offshore Installation Vessel

Photo: Jan De Nul Group

Six months after the offshore installation vessel Voltaire, Jan De Nul Group orders Les Alizés, a floating installation crane vessel from the CMHI Haimen shipyard in China.Together with the Voltaire, this new vessel will be in a super-size class of its own, capable of building the newest generation of offshore wind farms. Les Alizés, that will be ready in 2022, is equipped with a crane having a lifting capacity of 5,000 tons and equally impressive lifting heights.

Solveig buys oilfield operator Capricorn from Cairn

AdobeStock / © don Victorio

Norwegian pipeline firm Solveig Gas has agreed to buy oil firm Capricorn Norge from Cairn Energy for $100 million, completing its transformation into a North Sea field operator, Solveig's owner HitecVision said on Wednesday.The private equity fund told Reuters earlier this year it aimed to turn Solveig into an integrated exploration and production company, using the cash flow from its gas pipelines to fund expansion.Cairn separately confirmed the deal…

EU Targets 450 GW Offshore Wind by 2050

Image: WindEurope

The EU Commission’s big goals for offshore wind – between 230 and 450 GW by 2050 – are achievable provided the right investments in electricity grids and Governments take the right approach to maritime spatial planning, said a report.According to the WindEurope report examines where 450 GW of offshore wind could be deployed most cost-effectively around Europe, bearing in mind there is only 20 GW today.

Masirah Contracts Wings Offshore for FSO

Image: Ministry of Technology and Communications, Oman

Masirah Oil, an exploration and production company operating Block 50 offshore Oman, has awarded a contract to Wings Offshore for a floating storage and offloading (FSO) vessel, which will be used on a field located offshore Oman.Masirah said it had awarded the FSO contract to Wings Offshore for the Mt Bull Papua, which is an Aframax tanker with a storage capacity of 750,000 barrels.The FSO will be…

Jan De Nul Orders Floating Installation Vessel

Image: Jan De Nul

Luxembourg-based Jan De Nul has ordered a second mega offshore installation vessel, Les Alizés, from the CMHI Haimen shipyard in China.Together with the Voltaire, the new floating installation crane vessel will be in a super-size class of its own, capable of building the newest generation of offshore wind farms.Les Alizés, that will be ready in 2022, is equipped with a crane having a lifting capacity of 5,000 tons and equally impressive lifting heights.

Europe's Wind Industry Needs More Sea Space

© Phil Bird / Adobe Stock

The European offshore wind industry needs an area equivalent to the size of Ireland to install enough turbines to reach carbon neutrality by 2050, a target for most EU members, a leading industry group said in a report.Fighting climate change is a top priority for the European Commission's new head Ursula von der Leyen, who has set out a "European Green Deal" intended to achieve "climate neutrality"…

Mitsubishi Beats Shell to Buy Eneco

(Photo: Eneco)

A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR.Eneco, a company owned by 44 Dutch municipalities and with a strong focus on renewable energy, said it had been swayed by Mitsubishi's plans to allow the company to continue its strategy and retain its corporate identity.The deal…

U.S. Needs to Revive Shallow-Water GoM E&P

Image: Bureau of Safety and Environmental Enforcement (BSEE)

The US should define the Gulf of Mexico Shallow Water Province as a distinct entity to avoid stranding more than $20 billion of its oil and gas resource, said a new research.According to a research from the Bureau of Safety and Environmental Enforcement (BSEE) and Bureau of Ocean Energy Management (BOEM) the GOM Shallow Water Province, comprised of water less than 200 meters deep, is a historically energy-rich area which now produces natural gas…

Mako Gas Field Exceeds Hopes: Conrad

Image: Conrad Petroleum

Indonesian oil & gas exploration and production company Conrad Petroleum has flowed dry gas from its Tambak-1 well located in the Duyung PSC in the West Natuna Basin, offshore Indonesia.The Tambak-1 well was designed to both appraise the Mako gas field and test the underlying Tambak exploration prospect. Coro Energy plc holds a 15% interest in this project.The drill stem test (DST) flowed dry gas from the intra-Muda sands at a rate of 11.4 MMcf/day on a 181/64-inch (2.8 inches) choke…

Honeywell Builds ICSS for BP Offshore Platform

Image: Honeywell International

The U.S. engineering and automation conglomerate Honeywell International said that it has been chosen to design and deliver an integrated control and safety system (ICSS) to remotely support BP’s Cassia compression platform located offshore Trinidad and Tobago.The Cassia compression project involves the installation of a new platform, Cassia C, for compressing the gas produced by the nearby existing fields in the Greater Cassia Area.BP Trinidad and Tobago (BPTT)…

Anbaric Plans 16GW US Offshore Wind Grid

Image courtesy: © Anbaric

US offshore transmission developer Anbaric has applied to the Bureau of Ocean Energy Management (BOEM) to develop a 16GW grid off the north-eastern coast to connect the region's planned offshore wind projects.Named as the Southern New England OceanGrid, the new offshore grid is expected to maximize the region’s offshore wind resources. Once approved by BOEM, the transmission network on the outer continental…

GoM Oil Output Set for Record Year

Graph: Rystad Energy

The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, despite massive cuts in investment.According to Rystad Energy, most of this growth coming from deep water projects.“2020 is expected to be another record year with average production above 1.9 million barrels per day,” says Joachim Milling Gregersen, an analyst on Rystad Energy’s upstream team.Oil production in the Gulf of Mexico has grown every year since 2013…

Japanese Trio Orders Wind Turbine Installer

Conceptual Image of new SEP. Image: Penta-Ocean Construction Co., Ltd.

Penta-Ocean Construction, Kajima Corporation, and Yorigami Maritime Construction have agreed to jointly construct a wind farm installation vessel capable of installing foundations and turbines with a capacity of between 10MW and 12MW.The three Japanese companies have ordered a jack-up vessel with a 1600-tonne lifting capacity for work in the domestic offshore wind sector.The multipurpose self-elevating…

Hutchinson to Provide Platforms for Hornsea 2

Each Suspended Internal Platform (SIP) towers at 12m in height. Image: Ørsted

Offshore wind specialists, EEW Group has contracted has contracted UK outfit Hutchinson Engineering for the fabrication and on-site assembly of 30 suspended internal platforms (SIPs)  for Orsted's 1386MW Hornsea 2 offshore wind farm off eastern England.The SIPs are highly complex steel components, each weighing 10 tonnes and towering 12m high, that will be suspended inside the bright yellow transition pieces…

NJ Governor Doubles Offshore Wind Goal

Governor Phil Murphy, alongside First Lady Tammy Murphy and former Vice President Al Gore, signs an executive order more than doubling New Jersey’s offshore wind goal on November 19, 2019, at Liberty Science Center. (Edwin J. Torres/Governor’s Office)

As New Jersey steps up efforts to eliminate fossil fuels over the next three decades, the state is more than doubling its target for offshore-wind energy production under an executive order signed by Gov. Phil Murphy.The order would increase the goal to 7,500 megawatts by 2035, from 3,500 set for 2030.Murphy made the announcement with former Vice President Al Gore, a clean energy advocate, at a news conference in Jersey City at Liberty Science Center.The Executive Order will deliver the clean…

ABB Tests Subsea Power Technology System

Image: ABB

The completion of a final 3,000-hour test phase of the Swiss-Swedish technology multinational ABB’s subsea power infrastructure signals the culmination of a $100m partnership with world oil majors.The company has officially announced the completion of shallow water test proving that its subsea power distribution and conversion technology system for the offshore oil and gas industry is commercially viable.For the first time worldwide…

Danos Leverages VR for Training and Assessment

(Photo: Danos)

Services company Danos said it is tapping virtual reality (VR) technology to assess and train its employees, in an effort to drive down costs for customers while increasing safety and minimizing exposure.“It’s critical that employees be assessed for competency, and the costs and risks of doing this on site are tremendous,” said the company's owner Eric Danos. “By eliminating the need to send employees offshore or to a remote job site…

CNPC Inks Two Cooperation Deals in Kazakhstan

© Viorel Railean / Adobe Stock

China's CNPC said it has signed a Memorandum on expanding cooperation with KazMunayGas (KMG) and a Memorandum on natural gas cooperation with the Ministry of Energy of the Republic of Kazakhstan and KazTransGaz, respectively.Signing of the two agreements will further promote comprehensive cooperation between the two sides in oil and gas business, natural gas exploration and development, processing and marketing, CNPC said.

ROVCO Completes Galloper Offshore Wind Farm Project

Image: ROVCO

Rovco completed a ROV inspection contract, a $1 million contract that resulted in completion of the baseline asset integrity survey at the newly constructed Galloper Offshore Wind Farm, a 353MW installed capacity wind farm which lies 30km off the coast of Suffolk, UK.“This project demonstrates the future of offshore inspection,” said Brian Allen, CEO and founder of Rovco. “innogy is the first of our customers to complete a whole field 3D inspection…

Petrobras to be World's Largest Oil Producer

Graph: Rystad Energy

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.Brazil’s biggest-ever oil auctions in November were generally deemed to be disappointing, receiving muted interest from international exploration and production companies.However, national oil company Petrobras could not have asked for a better outcome.

ConocoPhillips targets $50 bln free cash flow over next decade

(Photo: ConocoPhillips)

ConocoPhillips unveiled a long-term plan on Tuesday to boost oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade.The announcement comes as investors, frustrated by weak commodity prices for 5 years, have been pressuring oil and gas companies to cut back on drilling and shore up cash to return to shareholders.The…

OES: Surge in Tidal Energy in 2020

Henry Jeffrey  (Photo: OES)

The last annual report issued by Ocean Energy Systems (OES) highlights significant international investment including $25m pledged by the US Department of Energy (DOE) to support 12 ‘next-generation’ marine energy projects and Wave Energy Scotland committing $9.9 million in two wave energy machines next year.“In the last 12 months we have seen major progress with global tidal projects achieving extensive…

Energean Seeks to Pipe Karish Gas to Cyprus

Stena's DrillMAX drilling Karish North, offshore Israel (Photo: Energean)

Energean Oil & Gas said on Tuesday its Energean International unit submitted an application to import and supply natural gas to Cyprus starting in 2021.In its application to Cypriot authorities, it said it sought to supply gas through a pipeline from the Karish block offshore Israel to Vassiliko, Cyprus.The pipeline would be 215 kilometers long and transport natural gas from the Karish North field…

France Plans 1 GW Offshore Wind Farm

© Fokke / Adobe Stock

France wants to construct a wind farm off the coast of Normandy as the nuclear-dependent nation moves to expand power generation from renewable sources, the energy ministry said on Monday.The planned 1-gigawatt (GW) wind farm could have up to 80 wind turbines of around 12 megawatts each, in an area where wind conditions and the seabed are very favorable for offshore wind power at a competitive price…

DEA Announces Thor OWF Tender

Map: Danish Energy Agency

The Danish Energy Agency (DEA) has published detailed material concerning central elements and questions which will be discussed at a market dialogue event on 25 Nov 2019 in Copenhagen for the Thor Offshore Wind Farm(OWF).Thor Offshore Wind Farm is the first of the three offshore wind farms agreed to be established with the Energy Agreement of 2018.Thor OWF will have a capacity of 800-1,000 MW and will thus be the largest offshore wind farm in Denmark.

Kim Heng Enters Taiwan’s OWP

Image: Kim Heng Offshore & Marine Holdings Limited.

Kim Heng Shipbuilding & Engineering (KHSE), wholly owned subsidiary of Kim Heng Offshore & Marine (KHOM), has entered into a Memorandum of Understanding (MoU) for offshore wind farm projects (OWP) in Taiwan.KHSE did not disclose the name of the other signatory.Singapore headquartered integrated offshore and marine value chain services provider said that its subsidiary and the unnamed subsea cable installer…

APAC to Fuel Global Wind Power

Graph: GlobalData

Global wind power market size increased from $71.6bn in 2010 to $96.4bn in 2018. During the 2019–2030 forecast period, significant capacity additions in the Asia-Pacific (APAC) region are expected to drive that market, increasing the market size to $124.6bn by 2030.A report from GlobalData revealed that China is the global leader in terms of both capacity additions and in terms of cumulative wind capacity in 2018.

Prysmian Wraps Up DolWin3 Gig

Image: Prysmian

Prysmian Group, the major player in energy and telecom cable systems industry,  has has announced that it commissioned the 900MW DolWin3 high voltage direct current (HVDC) offshore grid link in the German North Sea.Prysmian had secured this project in February 2013, with a contract awarded by Alstom Grid (now GE Grid GmbH) on behalf of the Dutch-German grid operator TenneT.DolWin3, the third offshore grid connection in the DolWin cluster…

3sun Bags Vattenfall Contract

Image:  Vattenfall

UK-based wind energy installation and maintenance company 3sun Group has won Vattenfall  contract to carry out statutory inspections across its offshore and onshore wind farms in five countries.The deal, which will result in the creation of up to 30 new jobs, will cover 50 onshore and offshore wind farms in the UK, Denmark, Germany, Netherlands and Sweden.3sun Group, which already employs 200 technicians…

Prince Frederik to Address WindEurope Event

Photo: WindEurope

Crown Prince Frederik of Denmark will deliver the opening address at the WindEurope Offshore 2019, which is claimed to be the world’s largest event dedicated to offshore wind.The event, which will take place in Copenhagen from 26 to 28 November, will gather 9,000 participants and more than 400 exhibitors as the industry gears up to help deliver Europe’s goal of becoming carbon neutral by 2050.After Crown Prince Frederik of Denmark the Prime Minister of Denmark on 26…

Chrysaor Buys Stakes in OKEA’s 2 Licenses

Image: OKEA ASA

North Sea oil producer Chrysaor Norge has exercised an option to buy stakes in OKEA’s Grevling and Storskrymten discoveries offshore Norway.The Norwegean oil production company OKEA confirmed the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18.57% of the Company’s participating interest in Storskrymten (PL 974) following Chrysaor's options exercise.The Ministry of Petroleum and Energy has approved Chrysaor's purchase…