Saturday, June 23, 2018

DNV GL Unveils Renewable Energy Data Platform

Photo: DNV GL

DNV GL is launching GPM Horizon, a data monitoring platform with full integration of current and future renewable energy systems including solar PV, wind and energy storage assets. GPM Horizon enables future-proof fleet management by bringing digitalization technologies and integrated renewables systems together in one platform, which are the key drivers for the global energy transition.Global energy forecasters, including the International Energy Agency, foresee a rapid growth in renewable sources.

SSE to Enter Seagreen Scottish Offshore Wind Project into Subsidy Auction

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British utility SSE plans to enter its Seagreen wind project that lies off the coast of Scotland into Britain's auction for renewable subsidies next year, it said on Wednesday.* Seagreen Wind Energy Limited, developing the project, is a 50/50 joint venture between SSE and Fluor Limited, the British operating arm of Fluor Corporation.* The project initially received planning consent in 2014.* "Since 2014, offshore wind technology has advanced significantly with larger and more efficient turbines able to generate additional power," SSE said.* The cost of producing electricity from wind farm

Macron Approves Offshore Windpower Projects

© Michael Halberg / Adobe Stock

Leading executives at French energy groups EDF and Engie said on Twitter that several offshore windpower projects had been "confirmed" by President Emmanuel Macron."Happy to see @EmmanuelMacron confirmed our three parks," EDF executive Bruno Bensasson said in a post on the Twitter messaging network.Engie executive Gwenaelle Huet also said that Macron had approved the windpower projects in a similar Twitter post.The future of the projects had been in some doubt after the French senate earlier this year rejected a government proposal to renegotiate and possibly cancel projects to generate a

EU Agrees Final Energy Saving, Renewables Targets

(Photo: Eric Haun)

The European Union on Wednesday finalized new climate rules after months of talks, targeting a total energy saving of 32.5 percent and an uplift in the share of renewable energy to 32 percent by 2030.National governments must now draft their own plans for implementing the bloc's overall climate goal of lowering greenhouse gas emissions by at least 40 percent below 1990 levels by 2030 in line with the Paris Agreement.Talks have dragged on for months to reach a compromise between…

DNV GL, EU to Promote Offshore Wind Market in Indian

Image: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, is today showcasing the final reports in a study which demonstrates the commercial and technical feasibility of the offshore wind market In India. Co-funded by the European Union (EU), GPCL and ReNew Power the Facilitating Offshore Wind in India (FOWIND) project will enable organisations to make future investments in the region. India has made strong commitments under the UN Paris Climate Agreement and announced ambitious renewable energy goals in 2015…

House Set to Debate Offshore Wind Energy Bills in US Waters

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A U.S. House committee will kick off debate next week on three new bills aimed at boosting offshore wind energy leases in federal waters.The House Subcommittee on Energy and Mineral Resources will hold a hearing on Tuesday on three bipartisan offshore wind proposals.One proposal would require the Interior Department to develop a leasing plan or schedule for federal offshore leases, a second would create a federal grant for educational or career programs for the offshore industry…

Centrica, Tokyo Gas Break Mold in Mozambique LNG Deal

Britain's Centrica and Japan's Tokyo Gas aim to buy liquefied natural gas (LNG) from Anadarko Petroleum's $20 billion project in Mozambique, the first joint procurement deal designed to defuse risks facing the buyers in their respective markets.The deal also brings Anadarko one step closer to constructing its East African LNG project just as it corrals $14 billion to $15 billion from banks and export credit agencies for the 17,000-acre liquefaction complex in Mozambique's remote north.Lenders require Anadarko to fix at least 8.1 million tonnes (mt) of the project's 12.88 mt total annual o

Race Bank Offshore Wind Farm Officially Opens

(Photo: Ørsted)

A new offshore wind farm officially opened this week that is capable of powering over half a million U.K. homes.The Race Bank wind farm located off the North Norfolk coast is capable of generating 573 megawatts (MW) of green electricity from its 91 Siemens Gamesa 6 MW wind turbines.

US Announces $18.5 Mln for Offshore Wind Research

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The U.S. Department of Energy (DOE) announced today that $18.5 million has been made available for offshore wind research and development (R&D).The DOE selected the New York State Energy Research and Development Authority (NYSERDA) to administer an $18.5 million cooperative innovation hub that will bring together industry, academia, government and other stakeholders to advance offshore wind plant technologies, develop innovative methods for wind resource and site characterization…

Norway Wants to Build Floating Wind Farms

(Photo: Equinor)

Norway's energy minister will meet with companies on Wednesday to discuss the potential construction of offshore floating wind farms, he told Reuters on Friday.The meeting is the first concrete step to spur development of offshore floating power generation, after the government said last December it would seek to accommodate such plans."Wednesday next week I will have a meeting with different stakeholders in offshore wind and discuss both the opening process and the regulatory framework…

New Hires Boost RCG US Team

The Renewables Consulting Group (RCG), has announced the appointment of several new hires in its New York office to support the accelerating offshore wind market in the United States and renewable energy projects worldwide. The experienced personnel include AJ Negrelli, Emily Kuhn, and Craig Hutchinson.Negrelli is a respected project manager and engineer with practical experience delivering offshore wind construction projects, working for the major wind turbine supplier Siemens Gamesa Renewable Energy.

EnBW, Trident Winds JV for Offshore Wind Project in California

Photo: Trident Winds Inc

EnBW Energie Baden-Württemberg AG is continuing its strategy of capturing growth in new international markets in the renewable energy sector. Following its recent entry into Taiwan, EnBW has now expanded its activities to the United States of America by establishing a regional subsidiary, EnBW North America, and forming a joint venture with Trident Winds Inc. to develop an offshore wind project off the coast of in Central California. This represents the EnBW Groups first step toward tapping into the high potential of the American market.

Pope Warns Energy Bosses of Global Destruction without Fuel Shift

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Pope Francis warned that climate change risked destroying humanity on Saturday and called on energy leaders to help the world to convert to clean fuels to avert catastrophe."Civilisation requires energy but energy use must not destroy civilisation," the pope told top oil company executives at the end of a two-day conference in the Vatican.Climate change was a challenge of "epochal proportions", he said, adding that the world needed an energy mix that combated pollution, eliminated poverty and promoted social justice.The conference…

Batteries hasten winds of change for electricity stocks

(Photo: Eric Haun)

Bigger, better batteries are speeding up change in the U.S. electricity sector and could help power a rally in Xcel Energy Inc, American Electric Power Co Inc and other utility and renewable energy stocks, Barron's reported.After a decade of steep cost declines, wind and solar installations, often paired with battery storage, are increasingly displacing older coal and gas-fired power plants, benefiting battery makers and some utilities, the Barron's cover story said.Batteries can now store enough electricity to help power small towns when wind and solar supplies ebb, Barron's said.

Researchers Set Out to Future-proof Offshore Wind Turbine Monopiles

The PROTEUS project will facilitate the conducting of a series of large scale experiments over a seven week period in the FFF flume at HR Wallingford’s U.K. physical modelling facilities. (Photo: HR Wallingford)

A new research project aims to improve the design of scour protection around offshore wind turbine monopiles, as well as future-proofing them against the impacts of climate change.'The effort, part of PROTEUS, an EU-funded Hydralab+ project, will see leading scour researchers from Ghent University, Leibniz University Hannover and the University of Porto, alongside IMDC nv and the Department of Mobility and Public Works (Belgium), collaborate at HR Wallingford’s Fast Flow Facility (FFF).PROTEUS…

LOC Names Cummins Energy Projects Development Director

Ian Cummins (Photo: LOC)

International marine and engineering consulting firm LOC has appointed ex-Head of Engineering at BP, Ian Cummins as its new Energy Projects Development Director. Ian will focus on the oil and gas and renewables markets, and help to identify and develop new and innovative engineering opportunities to progress the business.Cummins brings extensive major project management and engineering experience to LOC, gained from working on exceptionally large projects, significantly boosting LOC's specialist expertise in this area.

Mainstream Secures Financing for South African Wind Projects

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Dublin-based renewable energy generator Mainstream Renewable has secured funding to develop two South African wind power projects with a combined capacity of 250 megawatts (MW) it said on Tuesday.The 140 MW Kangnas Wind Farm in the Northern Cape and the 110 MW Perdekraal East Wind Farm in the Western Cape represent an investment of about 6.6 billion rand ($521 million), Mainstream said.Companies providing equity for the project alongside Mainstream include African renewable power generation company Lekela and independent investment managers Old Mutual Life Assurance Company.Mainstream did

India BPCL Seeks Extra Iran Oil Amid Sanctions Threat

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Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Co. (NIOC) for June, two industry sources said, amid a looming threat of stringent U.S. sanctions.The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November U.S. deadline for re-imposing sanctions on the country's petroleum sector.Uncertainties cloud Iran's oil exports after U.S. President Donald Trump abandoned a 2015 nuclear agreement this month and ordered the re-imposition of U.S.

Trump Administration Mulls New Plan to Help Ailing Coal, Nuke Plants - Bloomberg

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Trump administration officials are considering requiring grid operators to buy electricity from ailing nuclear and coal-fired power plants to keep them from being shuttered, according to a Bloomberg news report on Friday that cited a draft memo.If adopted, the move would mark an unprecedented intervention in power markets, and would serve the administration's goal of bolstering America's struggling coal and nuclear industries that have been shrinking amid competition from natural gas, solar and wind power.Under the plan, the U.S.

Pope to Address Oil Majors in Vatican Climate Conference

© Mazur/catholicchurch.org.uk

The Vatican will host executives of the world's top oil companies for a conference next week on climate change and the transition away from fossil fuels, a Vatican source said on Friday.Pope Francis, who wrote a major document on protection of the environment from global warming in 2015, is expected to address the group on the last day of the June 8-9 conference.The conference, organised by Notre Dame University in the United States, is expected to be attended by the heads or senior executives of companies including ExxonMobil…

DNV GL Completes Due Diligence of Dutch Windpark Spui

Photo: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, has successfully completed comprehensive due diligence of the Dutch Windpark Spui, for a group of lenders who are providing the debt financing for the project. The power generated at Windpark Spui, which will supply renewable electricity to more than 24,000 households, will be sold to Eneco Group, a Dutch sustainable energy company, under a 16-year power purchase agreement. Eurus Energy…

Golar LNG Unwinds Joint Venture with Schlumberger

Golar LNG said on Thursday it would wind down its joint venture with Schlumberger, called OneLNG, which had been involved in the development of the Fortuna LNG project with Ophir in Equatorial Guinea.Golar said despite an agreed development plan and extensive efforts in the last 12 months by OneLNG and Ophir management, it has not been possible to finalise an attractive debt financing package.This, together with other capital and resource priorities, resulted in a decision from Schlumberger to end their participation in the project.Based on the structure of the BP project, Golar and Schlu

ABB to Equip High-spec Vessel for Largest Offshore Wind Farm

SOV on contract with Ørsted AS (former DONG energy). Image courtesy of Salt Ship Design

ABB technology allowing integration of batteries receives major vote of confidence as Louis Dreyfus Armateurs orders second wind farm service vessel featuring a wide scope of ABB’s solutions.Maritime transportation group Louis Dreyfus Armateurs (LDA) will add a second 83 meter windfarm service operation vessel (SOV) to its fleet, featuring an extensive range of ABB’s technology, with the award-winning power distribution system Onboard DC Grid at its core. The vessel will support operations at Hornsea Project Two off the UK coast…

Van Oord Wins Taiwanese Offshore Wind Contract

(Image: Van Oord)

Dutch marine contractor Van Oord said on Wednesday it had won a 500 million euros ($579 million) contract to build a 640 megawatt (MW) offshore wind farm in Taiwan.Van Oord will design, manufacture and install the eighty foundations for the wind farm, to be constructed eight kilometres (5 miles) off the coast of Yunlin prefecture.Installation will begin in 2020, Van Oord said, with a capacity of 350 MW connected to the Taiwan power grid that year and the remaining part in…

Dutch Government to Slow Gas Production at Small Fields

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The Netherlands will slow down production at smaller natural gas fields in coming years and halt the search for new fields on land as extraction from the vast Groningen field is phased out, the Dutch government said on Wednesday.The government decided in March to wind down output at the Groningen field, once Europe's largest gas field, by 2030 as part of efforts to reduce the danger caused by small but damaging earthquakes.The Economy Ministry said on Wednesday that production…

Iran's Oil Exports Fall in May, when US Quit Nuclear Deal

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Iran's crude oil exports have declined slightly in May, according to estimates from a leading tanker-tracking company, in the first sign that the threat of U.S. sanctions may be deterring buyers.The estimates from Geneva-based Petro-Logistics also suggest Iranian oil buyers are not rushing to cut volumes from OPEC's third-largest producer. The U.S. sanctions have a 180-day period during which buyers should "wind down" purchases.U.S. President Donald Trump on May 8 said the…

Refit for Jack-up at Damen Verolme Rotterdam

Photo: Damen Shipyards

Damen Verolme Rotterdam (DVR)  completed a refit project on the MPI Enterprise, a 120-metre, self-elevating, DP2, wind turbine installation vessel owned and operated by MPI Offshore, part of the Vroon Group. The works included the installation of spudcans on her four-legged jacking system, which can elevate the vessel at rate of one metre per minute in water depths up to 45 metres. Acquired by Damen Shipyards Group in June 2017, DVR is one of the largest refit and repair yards in Western Europe, capable of accommodating any seagoing vessel or floating offshore unit.

Alberto Moves Inland, Flash Floods Threaten Alabama

File Image (CREDIT: AdobeStock / © mode_list)

Subtropical storm Alberto fizzled into a subtropical depression as it rolled into Alabama on Tuesday but forecasters warned of potentially dangerous flash floods even as winds dropped to 30 miles per hour (48 km per hour). At its height, Alberto, the first storm of the 2018 Atlantic hurricane season, blasted sustained winds of 65 mph (105 kph) with gusts that packed full hurricane punches of 75 mph (121 kph), said meteorologist David Roth of the National Weather Service. "It's slowly weakening and it's not regaining any strength," Roth said.

Russia's Novak Says Oil Production Curbs Could Be Eased

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Russian Energy Minister Alexander Novak said on Thursday restrictions on oil production could be eased "softly" if OPEC and non-OPEC countries see the oil market balancing in June, the Interfax news agency reported.Novak said OPEC and non-OPEC countries currently plan to keep in place their deal to cut global oil output, the news agency reported.Separately, Novak said he planned to meet Khalid al-Falih, the energy minister of OPEC's de facto leader Saudi Arabia, later in the day.Oil prices fell about 1 percent on Thursday…

Suzlon Energy Wins Approval to Build Wind Farm in Bosnia

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The Bosnian unit of Indian renewable energy developer Suzlon Energy on Wednesday won the right to build a 25.2 megawatt (MW) wind farm in Bosnia to help it cut greenhouse gas emissions and meet the EU renewable energy standards.The concession was awarded for a period of 30 years with a possibility to extend it.The wind farm, consisting of 12 turbines with 2.1 MW capacity each, will be built in Hadzici, a suburb of the Bosnian capital Sarajevo.

BMT Supports Installation of Kriegers Flak Foundations

KFBE Installation (Photo: BMT)

BMT put its meteorological and wave forecasting expertise to use in supporting Jan De Nul Group with the installation of two gravity-based foundations for the Kriegers Flak offshore wind farm, located off the coast of Denmark.Christopher Derycke at Jan De Nul Group commented, “With any offshore operation, we have to try and manage the inherent uncertainty that comes with the weather. Having BMT’s weather forecaster onsite was hugely beneficial as it allowed us to plan our…

France's Total Says Unable to Continue Iran South Pars Project

Photo courtesy of Total

French oil and energy company Total said on Wednesday that may pull out of the Iran South Pars 11 (SP11) energy project, in light of a decision by U.S. President Donald Trump to withdraw from an international nuclear deal with Iran.Trump's decision to withdraw from the 2015 nuclear deal with Iran risks exposing European countries that have since invested in Iran to renewed U.S. sanctions, after "wind-down" periods of three to six months expire.Total's position shows how difficult…

Vestas Buys Majority Stake in Swedish Wind Farm

File Image: A Vestas Wind Farm (CREDIT: Vestas)

Swedish utility Vattenfall has brought Danish turbine maker Vestas and pension fund PKA onboard as shareholders in what will become one of Sweden's largest onshore wind farms.   Vestas said it would become a 40 percent shareholder in the project through a share purchase agreement, while PKA and Vattenfall will each own 30 percent.   "The cost of renewable energy is going down, which is making the market more competitive and creating new opportunities," said Vestas Chief Executive Anders Runevad in a statement.   Reporting by Stine Jacobsen

Arctic Oil 'Undrillable' amid Global Warming -UN's Ex-climate Chief

Photo: Ole Jørgen Bratland / Statoil

An architect of the Paris climate agreement urged governments on Tuesday to halt oil exploration in the Arctic, saying drilling was not economical and warming threatened the environmentally fragile region.Christiana Figueres, formerly head of the U.N. Climate Change Secretariat when the Paris accord was reached by almost 200 nations in 2015, told Reuters by telephone "the Arctic has been rendered undrillable."The past three years have been the hottest since records began in the 19th century…

Statoil to Become Equinor, Dropping 'Oil'

Photo: Jan Arne Wold / Woldcam

Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.From Wednesday, the majority state-owned company will change its 46-year-old name to Equinor and trade on the Oslo Exchange under the new ticker EQNR.The Norwegian government, which has a 67 percent stake in the firm, has said it will…

MHI Vestas signs MOU with TECO, The Switch

(Photo: MHI Vestas)

MHI Vestas, an offshore joint venture between Vestas and Mitsubishi Heavy Industries, said on Tuesday it signed its 5th MOU with TECO and The Switch for the delivery of generator products.The company also confirmed that its 9 MW turbine platform will be typhoon ready in 2020, in time for all offshore wind projects in the Taiwanese market.

Poland Needs Offshore Wind and Nuclear Power, Says Official

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Poland needs to invest in wind farms in the Baltic Sea and in nuclear power, the government official responsible for power and gas infrastructure Piotr Naimski said on Tuesday.Poland produces most of its electricity from coal and has started to look at cleaner and cheaper technologies to comply with European Union emission reduction requirements.The Energy Ministry is considering building Poland's first nuclear power station but still needs government approval for the already delayed project.

Offshore Wind Market in Aberdeen

Photo: UK Chamber of Shipping

The sight of offshore wind turbines off the coast of Aberdeen symbolises a change in direction for the city, its energy mix and its offshore industry, says a press release by  UK Chamber of Shipping. Looking out to sea from Aberdeen, a gaggle of offshore wind turbines floats among the usual scattering of offshore support vessels waiting at anchor. Beside them waits an enormous wind turbine installation vessel (WTIV), recognisable by its four upright jack-up legs, which are raised above the water while the ship is not in service.

Global Oil Supply Robust Enough to Cut Iran's Exports -Trump Memo

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Global oil supplies are plentiful enough to withstand a "significant reduction" in petroleum exports from Iran, according to a White House memo issued on Monday as the Trump administration prepares to reimpose sanctions on the OPEC member nation.The memo, sent by the White House to the U.S. State Department, paves the way for U.S. efforts to curb Iranian oil exports after Washington's decision to pull out of the 2015 deal between Iran and six world powers curbing Tehran's…

Iran's Oil Customers in Europe Might Reduce Imports

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European oil companies are not ruling out reducing Iranian oil imports after the threat of new U.S. sanctions, with some expecting banking issues to hinder trade, but there was no rush to immediately cut volumes.U.S. President Donald Trump said on Tuesday the United States was exiting an international nuclear deal with Iran and would impose new sanctions that seek to reduce oil exports from OPEC's third-largest producer.But as of Friday, companies in Europe said they were still taking Iranian oil.

Iran says US exit from deal will not impact its oil

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Iranian Oil Minister Bijan Zanganeh said on Thursday that U.S. President Donald Trump's decision to quit a multinational nuclear deal would not affect Tehran's oil exports."Trump's decision will not have any impact on our oil export ... that era is history now," he told state television.Trump announced a U.S. withdrawal from the 2015 nuclear deal on Tuesday and said he was preparing new sanctions against Iran. Zanganeh said foreign investment was needed to develop Iran's its oil industry, but that it could survive even if foreigners decided to stay away for fear of U.S.

Egypt Signs MOU with China's GLC for $2 bln Solar Panel Factory

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China's GCL Group has signed a memorandum of understanding (MOU) with Egypt's ministry of military production to build a solar panel facility at a cost of up to $2 billion, state-run newspaper Al-Ahram reported on Thursday.Under the MOU, which was signed on Wednesday, the facility will manufacture panels capable of producing 5 gigawatts (GW) annually, it said, without mentioning the location or timeframe of the project.Egypt in 2014 announced extensive plans to develop renewable energy targeting 4.3 GW of wind and solar projects to be installed over three years, but many investors pulled

Acciona Gets DNV GL Certification

Image: DNV GL

Acciona Energia, the biggest global operator exclusively in renewable energies,  received the first ever prototype certificate for a grid-scale energy storage solution by DNV GL, the world’s largest resource of independent energy experts and certification body. The handover of the certificate took place at the American Wind Energy Association’s 2018 Windpower Conference in Chicago. To explore the possibilities of grid-scale storage, Acciona Energia started up a hybrid plant for storing electricity in batteries as part of its grid-connected wind farm at Barasoain in Navarra…

Unique Grillage Design for Offshore Wind Farm

(Photo: Conbit)

Conbit has developed a unique grillage design as part of a collaborative scope for an offshore wind farm project in the U.K. and one of the biggest in the world.Conbit said it is providing the specialist offshore engineering for parent company ALE, who has been contracted to provide the marine transportation, sea-fastening, load-out and ballasting of over 100 TPs for Ørsted’s Hornsea Project One in the North Sea, set to be the biggest wind farm in the world.For the structural engineering…

Buyers Seek US Waivers to Buy Iranian Oil amid New Sanctions

© nicolagiordano / Adobe Stock

South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. sanctions on Tehran, which will tighten world oil markets and push up prices.Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) and a key supplier, especially to refiners in Asia.The United States plans to impose new unilateral sanctions after abandoning an agreement reached in late 2015 which limited Iran's nuclear ambitions in exchange for removing joint U.S.-Europe sanctions…

Sanctions spell the end of OPEC output deal

© Douglas Knight / Adobe Stock

President Donald Trump’s decision to withdraw from the nuclear agreement with Iran marks the end of the current output agreement between OPEC and its allies.OPEC is likely to insist the current agreement remains in effect, at least for now, but the prospective removal of several hundred thousand barrels per day of Iranian exports from the market will require a major adjustment.Saudi Arabia has already promised to "mitigate" the impact of any potential supply shortages, in conjunction with other suppliers and consumer countries…

German Renewable Targets Create Grid Challenges

© Alan Tibbotts / Adobe Stock

Germany must build new power transmission lines if it wants to nearly double its renewable energy share by 2030 - a challenge given that grid expansion is already behind target, the head of the federal network regulator said on Tuesday."There is a simple correlation, the more volatile renewables there are, the more the grids will have to be expanded," said Jochen Homann, president of the Bundesnetzagentur, responsible for keeping the lights on in Europe's biggest economy.Germany aims to raise wind and solar power's energy share from a third now to 65 percent by 2030 to help cut carbon dio

Wind Farms Boost Tax Base for Local US Governments

© Craig Hanson / Adobe Stock

Wind farms have boosted local tax bases and generated new revenue as they expand across the United States, especially for rural areas, Moody's Investors Service said in a report on Monday."What we're seeing is wind farms generate new operating revenues, lower the tax burden for local residents," Moody's analyst Frank Mamo told Reuters. "In many cases, local governments are using this new money to address what was a growing backlog of deferred capital expenditures."In Adair County…

Aker BP Beats Street, May Increase Drilling

File Image: An Aker BP offshore installation at the Tambar Field. (CREDIT: Aker BP)

Norway's Aker BP, partly owned by oil major BP, beat quarterly earnings forecasts on Monday, helped by record output and higher oil prices, and said it may drill more wells this year than previously planned. The company, controlled by a Norwegian billionaire Kjell Inge Roekke, is focusing more on developing its existing business after growing via a series of acquisitions, including last year’s purchase of Hess assets for $2 billion. Thanks to the latest purchase, which included a stake in the Valhall field…

Statoil Eyes Britain's 2019 Renewable Subsidy Auction for Dogger Bank

Photo: Statoil

Statoil is working with its partner SSE to develop the Dogger Bank offshore wind project so it can take part in Britain's renewable energy subsidy auction in 2019, the company said on Friday.The planned 4.8 gigawatt (GW) Dogger Bank project, which has approval from the British authorities, is set to become the world's largest offshore wind park and could deliver more than five percent of Britain's electricity needs, Statoil Executive Vice President Irene Rummelhoff said in London.Britain has replaced direct subsidies with a contracts-for-difference (CfD) system.

Global Wind Turbine OEMs Hit by Subsidy Squeeze

File Image: A Vestas Wind turbine farm (Vestas)

Vestas' first-quarter operating profit lags as Siemens Gamesa Q2 adjusted EBIT down 40 pct y/y. Both stocks fall more than 3 pct. Shares in rival wind turbine makers Siemens Gamesa and Vestas fell on Friday as a squeeze on prices caused by reduced state subsidies took its toll on quarterly profits. The wind power industry is undergoing a period of painful readjustment as governments from Europe to Latin America rein in subsidies and turn to competitive tenders, putting pressure on prices throughout the supply chain.

France's EDF Buys Scottish Offshore Wind Project

Photo: EDF

France's EDF has bought a 450 megawatt (MW) wind farm project off the coast of Scotland from Mainstream Renewable Power, the companies said on Thursday.The Neart na Gaoithe project, expected to start generating power in 2023, is estimated to cost about 1.8 billion pounds ($2.4 billion) to build, and will be capable of providing enough electricity to power around 375,000 homes a year."This is evidence of our continuing investment and growth in Scotland, where we are the largest generator of low carbon energy," said Simone Rossi, CEO of EDF's British arm EDF Energy.No financial details of t

Flintstone Secures Contract for Tullow FPSO

Flintstone Technology Ltd said it has secured a contract with MODEC for its in-line tensioning and pull through connection mooring system to be deployed off West Africa.The system will be used on Tullow Oil’s Kwame Nkrumah MV21 floating production storage and offloading (FPSO) vessel located on the Jubilee field off the coast of Ghana.The mooring system will allow the conversion of the FPSO to a spread moored configuration.The Kwame Nkrumah MV21 is installed in approximately 1…

CMHI, DNV GL Ink LoI for Two Jack-ups

The signing at OTC 2018. Front (L to R): Rulin Yao, General Manager of China Merchants Heavy Industry (Jiangsu); Ernst Meyer, Director of Offshore Classification, DNV GL – Maritime. Back (L to R): Lixin Xu, General Manager, R&D Center at China Merchants Offshore Technology Research Center; Sichuan Wu, China Merchants Industry Holding, Co Ltd.; Cor Selen, CEO co-owner/ founder of OOS Energy; Timothy Tan, General Manager (Asia Pacific) of OOS International. (Photo: DNV GL)

DNV GL announced it has signed a letter of intent (LoI) with shipyard China Merchants Heavy Industry (Jiangsu) Co., Ltd (CMHI) for the classification of two multi-activity jack-up units at the Offshore Technology Conference (OTC) in Houston.Ordered by OOS Energy B.V., which is affiliated with Netherlands-based Overdulve Offshore Services (OOS) International, these 96 m long units will be purpose-built for the decommissioning market. Construction is scheduled to start later this year.The two identical four-legged…

Taiwan: The Next Battleground for Offshore Wind

© Yauhen Suslo / Adobe Stock

Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe.Taiwan announced results on Monday of its first major offshore wind farm auction that aims to add 3.8 gigawatts (GW) of capacity to its existing network of just 8 megawatts (MW).The island's offshore wind market is expected to expand to 5.5 GW by 2025, and the government aims to invest $23 billion on onshore and offshore wind projects by 2025…

Statoil sells non-core asset on UK Continental Shelf

Hedda Felin Photo Statoil

Statoil has agreed to sell its 17 percent non-operated interest in the Alba oil field on the UK Continental Shelf (UKCS) to Verus Petroleum. Alba is an oil field in the UK Central North Sea that Statoil entered in 1995 and which is operated by Chevron. To date, it has produced around 420 million barrels of oil. Statoil’s equity production in 2017 was around 2,300 barrels per day. “With this transaction we focus on core activities in line with our high value, low carbon strategy.

Germany Approves New Offshore Wind Parks

A typical offshore wind farm (CREDIT: Siemens)

Orsted, Innogy report winning approvals. Germany granted approval on Friday for offshore wind parks capable of generating 1,610 megawatts (MW) of power at contract prices well above the unexpectedly low bids seen in an auction a year ago. The total amount of electricity that could be produced by the parks equates to the power generated by one large nuclear power station, or two big coal- or gas-fired power plants. Six projects were granted licences for construction at an average 4.66 euro cents per kilowatt hour (kWh)…

Ampelmann Opens Hamburg Office

 Tim Börner has been appointed as Business Development Manager Offshore Wind Germany Photo courtesy Ampelmann

Ampelmann has opened its first office in Germany, in response to growing business in the offshore wind sector. The new base, located in Hamburg, will be led by Tim Börner, who has been appointed as Business Development Manager Offshore Wind Germany for Ampelmann. Mr Börner joins the company from Global Renewables Ship Brokers GmbH where he most recently held the role of Offshore Shipbroker for more than five years, focusing on the offshore wind market. “I am excited to be joining Ampelmann at such a pivotal moment…

GE to Trial World’s Largest Wind Turbine in UK

(Image: GE Renewable Energy)

U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England, it said on Tuesday. GE Renewable Energy, the renewable arm of the U.S. firm, and the British government-funded Offshore Renewable Energy Catapult signed a five-year agreement to test GE's Haliade-X 12 megawatt (MW) turbine in Blyth, Northumberland. "This is an important agreement because it will enable us to prove Haliade-X in a faster way by putting it under controlled and extreme conditions," John Lavelle, president & CEO of GE's Offshore Wind business said in a statement.

Oil Tops $75, Highest Since November 2014

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Oil also buoyed by threat of U.S. sanctions on Iran; U.S. crude inventories expected to have fallen. Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. Brent crude, the global benchmark, rose to its highest level since OPEC on Nov. 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to $27 in early 2016.