Equinor's $466M Floating Wind Farm Plan Approved
Norway approved on Wednesday Equinor's 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, the energy ministry said.The long-planned project is going ahead despite Equinor's decision to cut investment following a plunge in oil prices that has reduced the company's cash…
Norway to Admit Non-Resident Europeans Working in Oil Industry
Norway will allow entry to certain European citizens for work in sectors critically short of labor including agriculture and the oil industry despite its lockdown to fight the coronavirus pandemic, the government said on Monday.The measure, which takes immediate effect in the Nordic country, relaxes some of the restrictions on foreign travelers imposed to combat the transmission…
Nel, Kvaerner Pact on Green Hydrogen
Norwegian renewable energy firm Nel ASA has entered into a strategic agreement with the compatriot engineering and construction services company Kværner to collaborate on green hydrogen projects and the standardization of solutions for large scale hydrogen production plants.In the agreement, the companies have identified a range of projects on which to collaborate on moving forward.
Jan De Nul Orders Floating Installation Vessel
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.
SGRE Lands World’s Largest Floating OWF
Spanish-based engineering company Siemens Gamesa Renewable Energy (SGRE) said that the world’s largest floating wind power plant will be installed in Norway, equipped with 11 Siemens Gamesa SG 8.0-167 DD turbines.Scheduled to be commissioned in late 2022, Hywind Tampen will be the first ever floating wind power plant to power offshore oil and gas platforms.“We are pleased…
Workers at Total's North Sea Platforms to Strike
Workers at three of Total's North Sea oil and gas platforms will hold a series of strikes between March 11 and May 8, Britain's Unite union said on Tuesday.Unite members on the Elgin Franklin, North Alwyn and Dunbar platforms will take part in a continuous ban on overtime on March 11, the union said in a statement.Discontinuous strike action consisting of a series of 24-hour stoppages on the platforms will take place on March 11, March 27 and April 12, it said.
Kvaerner to Pay First Dividend Since 2015
Oil platform builder Kvaerner on Tuesday unexpectedly proposed its first dividend since 2015 and said it may make another such payment later this year, sending its shares soaring.The company said it expected to compete for contracts worth 30-50 billion Norwegian crowns ($3.5-5.7 billion) over the next five years, with larger deals likely in 2020 and 2021.Despite lower core earnings in the fourth quarter…
Kvaerner to Study Floating Wind Structures
Norway based Kvaerner said it has signed a contract with Norwegian energy company Equinor to study how floating concrete substructures for offshore wind turbines can be designed and constructed for the planned Hywind Tampen project in the North Sea.The objectives of the front-end engineering and design (FEED) assignment are to further mature the design of the concrete substructures…
Contract Awarded for Hywind Tampen
Gulen Industrial Harbour in Sogn og Fjordane county has been awarded the contract for assembly site for the floating Hywind Tampen wind turbines before they are transported to the field in the North Sea.No work will commence prior to an investment decision for Hywind Tampen.Hywind Tampen could become the world’s first project to use wind turbines for electrification of oil and gas installations.
Decommissioning Gets into Deep Water in GoM
LOC Group’s Houston office provides perspective on decommissioning developments in the Gulf of Mexico.The Gulf of Mexico basin covers approximately 1.6 million km2 and is one of the most important petroleum production regions in the world. A significant portion of the area is shallow continental shelf waters. These areas were developed first by oil companies, with deeper water development only being undertaken once the ‘easier’ sites had been exploited.
Kvaerner Wins Sverdrup Jacket Number Four
Norway's Equinor has awarded a NOK 900 million ($107 million) contract to local contractor Kvaerner for delivery of the steel substructure for the Johan Sverdrup Phase 2 process platform.The engineering, procurement and construction (EPC) award will see Kvaerner deliver the fourth substructure for the Johan Sverdrup Field in the Norwegian North Sea, one of the world's largest…
GoM Offshore Platforms Evacuated Ahead of Hurricane
Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton, BP, Equinor and Exxon Mobil Corp were evacuating personnel from oil and gas platforms in the Gulf as forecasters predicted the storm would become a Category 3 hurricane.Companies turned off the daily production flow of 324…
Equinor Explores Floating Wind Turbines to Power N.Sea Oilfields
Norway's Equinor said on Tuesday it is considering whether to build a pioneering offshore wind farm with floating turbines to supply electricity to two North Sea oilfields as part of a strategy to curb greenhouse gas emissions.The project at the Gullfaks and Snorre oilfields would cost around 5 billion Norwegian crowns ($592 million) and could reduce Norway's emissions of carbon dioxide by more than 200…
Oil Rises as U.S. Sanctions on Iran Cloud Supply Outlook
Oil prices rose more than 1 percent on Friday, supported by signs that U.S. sanctions on Iran are already reducing global crude supply.Benchmark Brent crude oil rose $1.30 a barrel to a high of $76.03 by 1425 GMT, on track for gains of more than 5 percent this week. U.S. crude was $1.20 higher at $69.03, heading for a weekly rise of more than 4 percent."Both crude markers are on track to end a steady run of weekly declines.
Talks Between Total, North Sea Oil Workers Collapse, Strikes to Go Ahead
Talks between French oil refiner Total and workers on three of its North Sea oil and gas platforms broke down on Thursday, meaning that a series of planned strikes over working rotas will go ahead, UK union Unite said in a statement."The talks with Total have broken down today (regarding) the position on the three platforms," Unite said."As a result, the scheduled industrial action which we have previously released remains in place.
Strike Continues at Total's North Sea Oilfields, Talks Planned
A 24-hour strike at three of Total's British offshore oil and gas platforms started at 0500 GMT on Monday, as planned, a representative from Unite the Union said.Unite's regional officer Wullie Wallace said that talks were planned for Thursday between its members and Total to discuss pay and a new rota scheme.The workers began a series of 24-hour and 12-hour strikes on July 23. The next 24-hour strike is planned for Aug. 20 and the next 12-hour strike at Aug.
Oil Rises on U.S.-Iran Tension
Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.Iranian Supreme Leader Ayatollah Ali Khamenei on Saturday backed a suggestion by President Hassan Rouhani that Iran could block Gulf oil shipments if its exports were stopped.The Iranian leadership was responding to the threat of U.S.
Union Workers Strike at Total's North Sea Oil Platforms
Britain's largest labour union, Unite the Union, announced series of 24 hour and 12 hour rig worker strikes at Total's North Sea oil and gas platforms, a statement said on Thursday. There will be three 24 hour stoppages on July 23 and Aug. 6 and 20 as well as two 12 hour stoppages on July 30 and Aug.
Saipem Sees Tough Year Ahead
Italian oil services company Saipem expects its revenues to fall this year as energy majors keep a tight grip on purse strings and pressure oil contractors' order books. Saipem, controlled by oil major Eni and state lender CDP, said it expected sales to be around 8 billion euros ($10 billion) this year, a billion euros less than in 2017. The recent uptick in oil prices has…
Allseas Plans World's Largest Construction Vessel
Swiss offshore services firm Allseas is planning to build a vessel big enough to be able to remove the world's largest oil and gas platforms when they reach the end of their production lives, its chief executive said. The vessel, to be called Amazing Grace, is designed to remove the heaviest platforms in a single lift and could reduce decommissioning costs for global oil and gas producers, the firm said.