Monday, June 24, 2019

Orsted to Build NJ's First OWF

Image: Ørsted

Denmark’s Ørsted won New Jersey’s first offshore wind solicitation with a 1.1-gigawatt project Ocean Wind, the largest offshore wind project to secure a development deal with a U.S. state to date.The New Jersey Board of Public Utilities (NJBPU) announced in a press note that it has selected Ocean Wind, an offshore wind energy project proposed by Ørsted with support from Public Service Enterprise Group (PSEG)…

Oilfield Services Pricing Rises

Graph: Rystad Energy

Oilfield services companies are in bullish mode. They are now able to raise prices for their products and services, after several years of gloom.“Oil and gas investments are on the rise, and so too is the pricing power of service companies. After losing pricing power in 2015 and 2016, oilfield service companies have since regained some of the lost ground, thanks first and foremost to industry consolidation among players that has concentrated the market over the past couple of years…

Delfin Asks for FLNG Project Extension

(File image: Delfin LNG)

Delfin LNG LLC asked U.S. federal energy regulators for a three-year and six-month extension until March 28, 2023 to build facilities proposed to connect floating liquefied natural gas (FLNG) vessels off the coast of Louisiana.The U.S. Federal Energy Regulatory Commission (FERC) issued an order on Sept. 28, 2017 authorizing Delfin to build and operate the facilities to transport and deliver natural…

US Rig Count Climbs

© ronniechua / adobe Stock

U.S. energy firms increased the number of oil rigs operating for the first time in the past three weeks as U.S. crude futures soared around 10% this week.Big energy price declines over the prior couple of months, however, prompted one analyst to cut rig count forecasts for 2019 and 2020.Companies added one oil rig in the week to June 21, bringing the total count to 789, General Electric Co's Baker…

Pemex Steering Clear of Deepwater

© Denys / Adobe Stock

Petroleos Mexicanos will focus on shallow water projects and onshore plays, and avoid investing in its deepwater riches for now, as the ailing Mexican state-run oil company seeks to turn around a 14-year slide in crude production, a top official said on Thursday.Chief Financial Officer Alberto Velazquez outlined the approach the state-owned oil company known as Pemex will take at a conference in the…

Danska Commodities Inks PPA with Hywind Scotland

The Hywind Scotland floating wind farm. (Photo: Øyvind Gravås / Woldcam - Statoil ASA)

Danish energy trading company Danske Commodities signed a 20-year Power Purchase Agreement (PPA) with the world’s first floating wind farm, Hywind Scotland.Hywind Scotland, the world's first commercial-scale floating wind farm, was officially opened in October 2017. Norwegian oil and gas group Equinor owns 75%, while its partner the Abu Dhabi Future Energy Company, better known as Masdar, holds 25%.

Poland Employs New Seismic Tech

Image: PGNiG S.A.

The Polish state-controlled oil and gas company PGNiG said that its geophysical services provider Geofizyka Toruń SA became the first company in Europe to employ new seismic data acquisition technologies in searching for hydrocarbon deposits.The Polish oil and gas company said in a press release that the company is replacing the hitherto used cabled geophone networks with ultra-lightweight wireless nodal sensors.

Renewables Sector Hails New York Climate Plan

© Peterjohn Chisholm / Adobe Stock

Investors, developers and users of renewable energy at an industry conference in New York this week were buzzing about the state's ambitious plan to reduce greenhouse gas emissions to zero by 2050."New York is leading a path forward with public policy that signals to the capital markets and developers to deploy projects to achieve its ambitious goals," Susan Nickey, managing director at Hannon Armstrong Sustainable Infrastructure Capital Inc , said on Wednesday.

Total Cuts 200 Jobs in Denmark

The Tyra West platform in Denmark (Photo: ROUSSEL Marc, Total)

French oil major Total SA said on Thursday it would cut 200 jobs in Denmark as part of the redevelopment of the Tyra gas fields in the North Sea.Total, which bought A.P. Moller-Maersk's oil and gas business in 2017, will shut production at the Tyra gas fields at the end of 2019 as part of a major redevelopment."Unfortunately, the changes mean that a number of valued colleagues will leave us," Patrick Gilly…

Turkey to Drill Near Cyprus for Three Months

© olgavolodina / Adobe Stock

Turkey launched a second drilling ship on Thursday which will conduct natural gas operations off the northeast coast of Cyprus for three months, a move which risks aggravating a conflict with Cyprus over jurisdiction rights for oil and gas exploration.Turkey and the internationally recognised Cypriot government have overlapping claims in that part of the Mediterranean, an area thought to be rich in natural gas.Energy Minister Fatih Donmez said at the launch of the vessel…

U.S. Refiner Phillips 66 Enters Offshore Oil Export Race

 © Lukasz Z/ Adobe Stock

U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to world markets, according to a memo and a source who asked not to be named.The project, called Bluewater Texas Terminal LLC, signals another major expansion of its logistics operations. The fourth largest U.S. refiner last week…

Masela Development Approval Nears

The Indonesian government is set to approve Japanese Inpex Corp's revised plan of development for the Masela natural gas block next week, the chairman of the country's upstream oil and gas regulator SKK Migas said on Wednesday.The government is expecting Inpex to submit the plan for the $20 billion gas project this week, Dwi Soetjipto, the SKK Migas chairman told reporters in Jakarta.Approval of the development plan would let Inpex, which controls 65% of the project, start planning for construct

Prysmian Bags Dolwin5 Cabling

Schematic illustration of offshore grid connection project DolWin5. Image: Prysmian

Italian multinational corporation Prysmian Group  has been awarded a major grid connection project worth in region of EUR 140 million by the Dutch-German grid operator TenneT which will enable the connection of multiple offshore wind farms to the German grid.“The Dolwin5 project continues our valued long relationship with the major TSO TenneT and demonstrates our ability to provide tailor-made submarine cable solutions for challenging projects…

Total Launches New Supercomputer

(Photo: Total)

Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper and with a better success rate.The Pangea III computer build by IBM will help process complex seismic data in the search for hydrocarbons 10 times faster that before, Total said on Tuesday.The computing power of the company has been increased to 31.7 so-called 'petaflops' from 6.7 petaflops in 2016…

Further Delay in Barryroe Project Loan

Ireland's offshore Oil and gas company Providence Resources has again pushed back a deadline to receive $9mln of funding from Apec, its farm-in partner in the key Barryroe site off the south west coast.The loan from Barryroe's Chinese backer was due by June 14. It is now due to be received in July 5, the company said."Due to delays associated with internal transaction processing with their investors…

Abadi LNG Development Deal Reached

© Zerophoto / Adobe Stock

Japan's biggest oil and gas explorer Inpex Corp and the Indonesian government signed a basic agreement on the development of Indonesia's Abadi liquefied natural gas (LNG) project on Sunday, moving forward the $15 billion project.Inpex President Takayuki Ueda said the Japanese company, which owns a 65 percent stake in the project, said they plan to submit a development plan for the project within several…

Greek PM May Seek Sanctions Against Turkey in Gas Row

© twixx / Adobe Stock

Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras said on Sunday.The discovery of lucrative energy reserves in the eastern Mediterranean has drawn into sharper focus long-standing tensions between Turkey and the Greek Cypriot government.A Turkish drill ship has been anchored west of Cyprus since May.

Offshore Wind – A Brief History

Credit: Used with permission of Worldsfairchicago1893.com

Happy 80th birthday Maritime Reporter & Engineering News! Eighty years is a significant publishing and business accomplishment!Birthdays always cause a look back. An 80-year review starts in 1939, the close of one very challenging decade, the start of events still reverberating today. History’s most important history is contained in the last 80 years.Energy dominated every one of those decades. Consider energy use, say, starting after World War II, from 1950 to 1975.

Offshore wind: One-stop Power Conversion

Optimized drive: Fred Olsen Ocean’s Brave Tern. Image: Handout/Fred Olsen

With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s someone they can talk to. Yaskawa’s The Switch — a Japanese industrial giant’s European environmental tech business — is offering one-stop wind-energy shopping.

Renewable Energy Brings 11 Million Jobs

Image: IRENA

According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018. This compares with 10.3 million in 2017.As more and more countries manufacture, trade and install renewable energy technologies, the latest Renewable Energy and Jobs – Annual Review finds that renewables jobs grew to their highest level despite slower growth in key…

US Leads World Oil Reserves

Graph: Rystad Energy

The United States has a world-leading 293 billion barrels of recoverable oil resources, which is 20Bbbl more than Saudi Arabia and 100Bbbl more than Russia, with the Permian Basin leading that charge.Rystad Energy’s estimate of US recoverable oil is also five times more than officially reported proven reserves as published in the BP Statistical Review of World Energy 2019.Tight oil plays in the Permian Basin in Texas and New Mexico now hold 100 billion barrels of recoverable oil resources…

Norway Wealth Fund to Drop ConocoPhillips, Hess

(Photo: ConocoPhillips)

Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country's portfolio.As part of Norway's efforts to shift its $1 trillion "rainy day" fund away from oil, the country's parliament on Wednesday adopted a plan to drop all dedicated oil and gas explorers and producers, as defined by stock market indices provider FTSE Russell…

Infinity, Medserv Form Services JV

Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services to the oil and gas market.The InMedCo joint venture combines Infinity’s technical and engineering expertise with Medserv’s integrated logistics capability and quayside facilities in Malta and Cyprus.The company provides inspection…

Oxy Enters Four Blocks in Southern Colombia

 U.S.-based oil company Occidental Petroleum Corp has partnered with Amerisur Resources Plc on four exploration and production blocks in southern Colombia, near the border with Ecuador, the National Hydrocarbons Agency (ANH) said on Tuesday.The Tacacho, Terecay, PUT-9 and Mecaya blocks are in the jungle region of Putumayo, one of the provinces with the greatest potential for oil discovery.Amerisur, which will continue as operator of the blocks, ceded 50% of its participation in the blocks to Occ

Book Review: Getting Down to It; 50 Years of Subsea Success in Norway

Co-author Arnfinn Nergaard.

The Norwegian Continental Shelf’s journey from the very first basic marinized subsea trees to today’s complex and sophisticated subsea processing equipment has been a rapid, at times turbulent, but always remarkable.There are many engineers who have seen through that journey, from the first exploration wells using Norwegian rigs in the mid-1970s to today. One has now written the history of subsea technology…

Prelude FLNG Ships First LNG Cargo

The Prelude FLNG facility, with the Valencia Knutsen berthed side-by-side (Photo: Shell)

The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG, located 475 kilometers northeast of Broome in Western Australia, will be delivered by the LNG carrier Valencia Knutsen to customers in Asia…

Exxon to Proceed with Argentina Development

(Photo: ExxonMobil)

US based ExxonMobil said on Tuesday it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block.The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval pipeline and refineries.“We are encouraged by the excellent…

Novatek Pact with Chinese Duo on Arctic LNG 2

Image: Novatek

Russia's second largest natural gas producer, Novatek has signed share purchase agreements with two Chinese oil giants for the sale of participation interest in the Arctic LNG 2 project.Novatek announced that it has signed the Share Purchase Agreement with China National Offshore Oil Corporation (CNOOC) in relation to the sale of a 10% participation interest in the Arctic LNG 2 project.The Agreement…

Fitch Downgrades Pemex Debt to 'Junk'

Pemex CEO  Octavio Romero Oropeza (Photo: Pemex)

Fitch on Thursday became the first major ratings agency to downgrade the debt of Mexican oil company Pemex to "junk" status, in a major setback for President Andres Manuel Lopez Obrador's plans to revive the struggling state-run firm.Fitch changed Pemex's credit rating from investment grade to speculative grade, or "junk", with a negative outlook, a day after it downgraded Mexico's sovereign debt, a decision criticized by the Mexican finance ministry.The new rating for Pemex is BB+ and that of M

Damen to Showcase Capabilities for US Offshore Wind Sector

Photo: Damen

Damen Shipyards Group will be present at the fourth annual US Offshore Wind 2019 Conference and Exhibition on June 10-11, 2019 in Boston, Massachusetts. Damen’s attendance reflects the company’s belief in the enormous potential of offshore wind in North America.Damen has been an active player in the European offshore wind industry since its beginnings around a decade ago. Since then the company has…

Vattenfall May Raise Offshore Wind Target

(Photo: Vattenfall)

Sweden's Vattenfall may raise its target for installing offshore wind power generation in Europe beyond the 11,000 megawatts (MW) it now plans to have in place by 2025, an executive said.Gunnar Groebler, the Swedish power firm's board member in charge of wind, had announced the 11,000 MW target in January, after installed capacity reached 3,000 MW at the end of 2018.But he told Reuters on Wednesday that such targets needed "constant monitoring and reviewing.""It could become more…

ExxonMobil to Redevelop Angola Block 15

Image: ExxonMobil offshore vessel

American multinational oil and gas corporation ExxonMobil and its partners said that they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels.As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10% equity interest, said a press release from Texas-based…

W&T Strikes Oil in US Gulf of Mexico

Image: Kosmos Energy

Oil and natural gas producer W&T Offshore has discovered oil at the Gladden Deep prospect in Mississippi Canyon block 800 in the deepwater Gulf of Mexico.W&T is operator of the well, which is one of 14 planned for the drilling program under the Monza JV. The company owns a 17.25% interest in the discovery.Gladden Deep is located in approximately 3,000 feet of water and was drilled to a total measured depth of 18,324 feet and encountered 201 feet of net oil pay.

Sentinel Secures Commitments for Offshore Crude Terminal

Adobestock / © Jose Gill

Sentinel Midstream LLC has secured shipper commitments needed to move forward on a proposed $1 billion crude export terminal off the Texas coast, the company's chief executive said on Wednesday.The firm's Texas GulfLink project is one of eight proposed U.S. deepwater export projects seeking to load supertankers that carry up to 2 million barrels of crude. Sentinel last week became the fifth to apply…

EPC Contract Awarded for Mozambique LNG

© Mark Rubes / Adobe Stock

A joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development, McDermott International announced on Wednesday.CCS JV’s project scope includes the onshore engineering, procurement and construction (EPC) for all components of the onshore LNG development, which includes two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (MTPA)…

OMSA Announces Formation of Wind Committee

OMSA President Aaron Smith

Open to all OMSA Members, the Committee Seeks to Further the Domestic Offshore Wind Industry and the Jones Act.New Orleans, LA – Today, the Offshore Marine Service Association (OMSA) announced the formation of the OMSA Wind Committee and announced that membership on the Committee is now open to all OMSA members.OMSA President, Aaron Smith said, “Over the past 46 years, OMSA has done a tremendous job in promoting public policy that benefits the vessels…

Record Number of VLCC Liftings at LOOP

Image: AdobeStock / © Jose Gill

Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers to load at the Louisiana Offshore Oil Port (LOOP) in a matter of weeks, according to people familiar with the matter.The six scheduled loadings in late May and early June would double the record of Very Large Crude Carriers (VLCCs) reached in December. An unusual influx of Gulf of Mexico crudes to the U.S.

Chevron Starts Gorgon Stage Two Drilling

Gorgon subsea structure being lowered to the ocean floor. Image: Chevron

Chevron Australia and the Gorgon joint venture participants have started the Gorgon Stage 2 drilling campaign off the northwest coast of Western Australia.Gorgon Stage Two is an expansion of the existing subsea gas gathering network on the Chevron-led Gorgon facility and is part of the project’s original development plan.Chevron Australia Managing Director Al Williams said the campaign will drill 11…

Luthi Steps Down as NOIA Head

Randall Luthi (Photo: NOIA)

The National Ocean Industries Association (NOIA) announced that Randall Luthi will leave the organization next month, after serving as the group’s president for nearly 10 years. Luthi will return to his home state of Wyoming to serve as Chief Energy Advisor to Wyoming Governor Mark Gordon.The offshore energy group NOIA represents more than 250 companies involved in the exploration and development of offshore energy, including oil and gas as well as renewables.

BP Sells Egypt Assets to Dragon Oil

BP chief executive Bob Dudley (Photo: BP)

BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal, Dragon Oil, a wholly-owned subsidiary of the Emirates National Oil Company (ENOC), will purchase producing and exploration concessions, including BP’s interest in the Gulf of Suez Petroleum Company (GUPCO).The deal…

Strike Would Cut Norway's Output 11%/Day

(Photo:  Harald Pettersen / Equinor)

Norway's oil and gas output could be cut by about 440,000 barrels of oil equivalents per day, or about 11% of total production, if workers go on strike from June 4, industry association Norwegian Oil and Gas (NOG) said on Monday.A government-appointed mediator is leading negotiations between oil companies and employees represented by the Lederne union in a bid to avert a strike.Altogether nine fields would have to shut in the event of industrial action…

UKCS Investments On the Rise

Image: Aberdeen & Grampian Chamber of Commerce

North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK, pointed out that around 45% of contractors have increased investment spend in the UK Continental Shelf (UKCS)…

OPITO Appoints VP for Americas

Pic: OPITO

OPITO, the global, not-for-profit skills body for the energy industry, has appointed Brandon Grosvenor to the new role of vice president of strategic development for the Americas region.He had previously spent more than a decade with National Oilwell Varco in Houston, most recently as a global business development manager. Mr Grosvenor also served in various roles within the global training organization…

Danos Wins US Contracts

(Photo: Danos)

Danos has recently entered into a contract with an independent land company based out of Dallas, Texas, to transition 50-60 crew members in a variety of positions. The transition will take place over the coming weeks to support water transfer at water treatment facilities in Midland and Orla, Texas. Additionally, Danos has been awarded a contract to construct two saltwater disposal facilities near Carlsbad…

Norway Oil Workers Threaten Strike

© Andrei Puzakov / Adobe Stock

Around 200 Norwegian offshore oil and gas workers plan to go on strike on June 4 unless pay negotiations lead to a deal with employers, the Lederne labour union said on Wednesday.A strike would hit seven offshore fields and at least two of those would have to shut production, cutting output by a combined 102,600 barrels of oil equivalent per day (boed), industry group Norwegian Oil and Gas (NOG) told Reuters.While Neptune Energy's Gjoea and Okea's Draugen fields would shut in the initial phase o

Total to Discuss Anadarko Assets with Algeria

Total will meet Algerian authorities for talks over its plans to buy Anadarko's assets in the country and is not worried by media reports that Algiers would block the deal, Chief Executive Patrick Pouyanne said on Wednesday."We will meet Algerian authorities very soon," Pouyanne told shareholders at the company's annual meeting in Paris. "We are not worried. It is normal that authorities seek to have…

Edda Accommodation CEO Retires

Photo: Edda Accommodation

Edda Accommodation, a specialized provider of offshore accommodation service vessels, has announced that Johan Rokstad retired as CEO.The managing director role of Edda Accommodation is now transferred to Kenneth Walland, CEO of Østensjø Rederi.Rokstad started his career in Østensjø Rederi as captain of Østensjø’s supply vessels and has been with Østensjø for 40 years, of which 18 of them as CEO (from 1998-2016).

Asian Renewables Investment on the Rise

© Gasdruckfeder / Adobe Stock

Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.Total capital expenditure in renewables will rise above $30 billion in the region by 2020, just overtaking investment into exploration and production for oil and natural gas, the consultancy said.India, Australia, Japan, Vietnam and South Korea will be the leading destinations for investment in Asia…

Oxy Plans to Sell Parts of Anadarko

Deal-makers say most likely sale prospects are Anadarko's offshore assets in the Gulf of Mexico and its pipeline business. (Photo: Anadarko)

Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.It also quadrupled its debt - to $40 billion - at a time when investors are calling for spending cuts and higher dividends.That means the acquisition's success will depend on how quickly Occidental can sell off some of Anadarko's assets and focus on optimizing and integrating the assets it keeps - especially prime U.S.

Uniper Sells Italian LNG Plant Stake

Image: OLT Offshore

German energy group Uniper has concluded an agreement with Australian fund First State Investments to divest its stake in OLT Offshore liquefied natural gas (LNG) Toscana.First State Investments will acquire Uniper’s entire OLT stake. The purchase price for Uniper’s stake amounts to approx. €400 million ($452 million) and will be adjusted at closing for any distributions already made to Uniper in 2018 and 2019.

Qatar Awards FEED Contract to McDermott

Image: Qatar Petroleum

Qatar Petroleum said it has awarded the front end engineering and design (FEED) contract for the North Field Expansion Project’s offshore pipelines and topsides facilities to McDermott Middle East Inc.The scope of work awarded includes engineering design for eight unmanned wellhead platform topsides, four 38” trunk lines and four 28” intrafield lines, and is expected to take 12 months to complete.Saad Sherida Al-Kaabi…

Bumi Armada Profit Up 28.5% in Q1

Image: Bumi Armada

Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62.21 million ringgit ($14.86 million), compared with a 48.42 million in the same quarter a year ago, said a stock exchange announcement.However, its revenue fell by 18.1% to RM491.61mil from RM600.34mil a year ago.

Microsoft, Eneco Sign Energy Pact

 Pic: Eneco

Microsoft will purchase 90 MW from the massive 731.5 MW offshore wind project, Borssele III/IV, from Dutch sustainable energy company and wind farm developer Eneco.Eneco will provide Microsoft’s datacenters with green power for 15 years starting in 2022, said a press release from the technology giant."This is Microsoft’s second purchase of wind energy in the Netherlands in a year, which brings its…

Shell Sees Significant Oil Discovery in Albania

Shell Upstream Albania B.V. said on Friday initial tests showed "a flow potential of several thousand barrels of oil per day" from its Shpirag 4 well in central Albania, and it needed more work to determine its commercial volume."We are pleased that these initial tests have confirmed the potential of this discovery and look forward to growing our business in Albania," Marc Gerrits, Shell's Executive Vice-President of Exploration…

EnFAIT Tidal Project Claims Success

Image: Enabling Future Arrays in Tidal (EnFAIT)

Enabling Future Arrays in Tidal (EnFAIT), the flagship EU tidal energy project, has reduced the cost of tidal energy by 15 per cent and grown its supply chain from four to 14 EU countries, just 18 months after its launch.EnFAIT is an academic-industry collaboration between nine European partners focused on demonstrating the economic viability of tidal power. The project is also paving the way for a…

Perenco Renews North Sea Contract

Image: Perenco

Anglo-French oil and gas company Perenco has expanded the scope of its support contract with Servelec Controls, the control, safety and information systems provider, in the southern North Sea of the United Kingdom.Servelec has been providing service, support and maintenance for various Perenco control and safety systems for more than a decade.Perenco and Servelec Controls have now extended their agreement for a further two years…

Sabah-Sarawak Gas Pipeline Shit for Maintenance

Malaysia's state oil and gas company Petroliam Nasional Bhd said on Tuesday it has shut the Sabah-Sarawak gas pipeline that feeds gas to its liquefied natural gas (LNG) complex at Bintulu in the state of Sarawak as part of maintenance work.Operations will resume when the maintenance work is completed, said Petronas, as the company is popularly known, in a statement, without specifying how long works would take."LNG supply from Petronas LNG Complex is not impacted as any shortfall of gas supply f

FLNG Satu Achieves First LNG at Kebabangan

(Photo: Petronas)

Petronas has produced its first liquefied natural gas (LNG) from a floating LNG (FLNG) facility at the Kebabangan cluster field, 90 kilometers offshore the eastern state of Sabah, the Malaysian state-owned oil company announced on Tuesday.First gas from Kebabangan was introduced into the Petronas FLNG (PFLNG) Satu’s turret system via a 5-kilometer flexible pipeline on May 4, followed by three days…

Environmental Activists Block BP London HQ

Activists blockade entrances to the BP headquarters in London, demanding an end to new oil and gas exploration. The campaigners arrived at 3 a.m. on Monday and encased themselves in heavy containers before the oil company’s annual general meeting on Tuesday. Other activists are also climbing the building to hang signs from the windows. (© Chris J Ratcliffe / Greenpeace)

Greenpeace activists blocked the entrance to BP's London headquarters on Monday, demanding one of the world's biggest energy companies ends all new oil and gas exploration or goes out of business.Greenpeace activists arrived at the building in St James' Square in central London at 0200 GMT and encased themselves in specially designed containers to block all of the main entrances.A team of activists…

Eni Extends Algeria Gas Contract

Image: Sonatrach Petroleum Corporation

Italian multinational oil and gas company Eni announced that it had signed agreements with Algerian state-owned Sonatrach to extend its gas supply pact.The agreement covers almost 15% of the gas imported into Italy. The agreement extends the 40-year partnership until 2027, with the option of extending an additional two years to 2029.These agreements follow in the steps of a partnership on gas supply and transportation that was established more than 40 years ago…