Marine Link
Wednesday, April 25, 2018

Energy News

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.

HHLA’s Container Transporters Run on Green Energy

Hamburg’s Minister of Environment and Energy Jens Kerstan officially submits the funding certificate to Angela Titzrath, Chairwoman of HHLA’s Executive Board © HHM / Annette Krüger

Hamburger Hafen und Logistik AG (HHLA) increases efforts to improve the city’s air quality. Container transporters powered by lithium-ion batteries will move the containers at HHLA Container Terminal Alternwerder (CTA) between ships and the yard in future. The use of green energy prevents any CO2, nitric oxide or particulate matter from being emitted and the vehicles are also three times more efficient than their diesel-powered predecessors. Another benefit is that during their time at the charging station…

Sempra Energy to Build Liquid Fuel Terminal in Mexico

Photo: Sempra Energy Headquarters

Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), plans to develop, build and operate a receipt, storage and send-out liquid fuels marine terminal at the La Jovita Energy Hub in Ensenada, Mexico. With an expected investment of approximately USD 130 million, the new Baja Refinados liquid fuels terminal will have an initial storage capacity of 1 million barrels of gasoline and diesel that will increase the fuel supply capacity and reliability in Baja California.

Yaskawa Ups Investment in The Switch

The Switch has delivered over 1,000 rugged Power Drives for the past 10 years to hundreds of vessels operating around the world (Photo: The Switch)

Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the company’s factory in Lappeenranta, Finland.The investment will enable drive train testing of up to 15 MW. The Switch will now become Yaskawa European’s Environmental Energy Division, leading the Japanese company’s global business in the marine, wind and turbo/industry segments.This latest investment provides The Switch with the capability to test high-power machines…

Fieldwood Hungry for US Offshore Output

© eaumstocker / Adobe Stock

The Chief Executive of offshore oil and gas driller Fieldwood Energy LLC, Matt McCarroll, says he is not scared of the hurricanes, geological risks and costs that keep some oil companies out of the Gulf of Mexico. Instead, he is doubling down. The private equity-backed company - already the largest operator on the U.S. outer continental shelf - announced on Thursday it is closing a $480 million acquisition of Noble Energy’s assets in the Gulf of Mexico that will add 25,000 barrels per day (bpd) to its current net production of 72,000 bpd of oil equivalent.

First Cove Point LNG Lifting Departs Maryland

File Image: CREDIT Dominion Energy

The first contractual liquefied natural gas (LNG) cargo from Dominion Energy Inc's newly constructed Cove Point LNG export plant in Maryland in the United States left the facility on Monday, Thomson Reuters Eikon ship tracking data showed. The cargo is expected to act as a drag on spot LNG prices <LNG-AS> as it coincides with the resumption of exports of the fuel from the Papua New Guinea LNG plant, which had been shut following a powerful earthquake. The 160,000-cubic metre LNG tanker Adam LNG left Cove Point on Monday with a draft of 91 percent, suggesting it was full, according to the data.

Eni Staying in Cyprus Despite Island's Standoff with Turkey

Italy's Eni will not relinquish its interests in Cyprus, its CEO said on Wednesday, as an uneasy standoff between Turkey and the Mediterranean island lingered over offshore hydrocarbons resources.The Italian state-controlled energy giant had to abandon a scheduled drill for oil and gas south of Cyprus in February because of Turkish military exercises. The broader region has yielded some of the largest natural gas finds worldwide in recent years."I just want to remind (sic) that so far we have invested about 700 million euros in Cyprus. That means that there's strong engagement and commitment towards the country," Eni CEO Claudio Descalzi…

Meyer Turku Delivers for TUI Cruises

Mein Schiff 1 (Photo: Meyer Turku)

TUI Cruises’ new 315 m flagship was delivered today from Finnish shipbuilder Meyer Turku.The fifth Mein Schiff cruise ship to be built by Meyer Turku for German owner TUI Cruises, the new Mein Schiff 1 is based on a new design created as an evolution from the existing Mein Schiff series.The builder’s architecture and engineering team, working together with TUI Cruises and its architects, used the previously delivered Mein Schiff 3 and Mein Schiff 4 as a starting point when beginning to work on the Mein Schiff 1 design in 2015.

For Hire: Battery Hybrid PSVs

Image: Seacor

Systems integrator and equipment maker Rolls-Royce has quietly been adding hybridizing energy-storage packages to a diverse list of vessels. Yet, so, too, has one of its clients — Louisiana-based SEACOR Marine, as it reacts early to tightened emissions and energy-management standards, or EMS, for vessels plying Europe and North America. Fuel savings and energy-company clients seeking green credentials are, it turns out, just part of the upside driving battery retrofits.The fuel savings to be had for keeping thrusters on battery power are a powerful selling point, to be sure.

Trump Rails Against Oil Prices, OPEC Pushes Back

© Igor Groshev / Adobe Stock

U.S. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters."Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!" Trump wrote on Twitter.It was unclear what triggered the tweet, Trump's first mention of OPEC on social media during his term.U.S. oil prices are near a three-year high…

Odfjell Drilling to Expand Fleet

(Photo: Odfjell Drilling)

Offshore rig firm Odfjell Drilling plans to expand its floating rig fleet to between six and 10 from four now, it said on Friday, the latest sign of recovery in the energy industry.After cuts in exploration spending following an oil price plunge that began in 2014, energy firms are now hiring rigs as crude prices have recovered some ground.Odfjell raised $175 million via a new share issue on Thursday to help buy semi-submersible Stena Midmax Rig from Samsung Heavy Industries for $505 million.

DNV GL Advises on Acquisition of UK's Wind Farm

Image: DNV GL

DNV GL secured a leading role as technical advisor to GVO Wind Ltd and Bluemerang Capital Ltd, supporting the sale of an 80% stake of the 26.1 MW Ventus portfolio of wind projects. Ventus is the UK’s largest portfolio of feed-in-tariff wind turbines, comprising 53 operational projects located across the UK. The portfolio was acquired by Malaysian power utility Tenaga Nasional Berhad (TNB). This is TNB’s second acquisition in the UK, which brings its renewables portfolio to a total capacity of approximately 280 MW.

Subsea 7 Makes Hostile Bid for McDermott

File Image: A Subsea 7 offshore support vessel. CREDIT: Subsea 7

Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the U.S. company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I).The deal could make Oslo-listed Subsea 7 the market leader in supplying and installing subsea equipment for oil and gas firms with a combined market share of 24 percent, followed by TechnipFMC with 20 percent and Saipem with 15 percent, an Oslo-based consultancy…

Rolls-Royce's Autocrossing System for 13 New Ferries

Photo: Rolls-Royce

Rolls-Royce Marine has signed a deal to supply its Autocrossing system to a total of 13 new environmentally friendly ferries for the Norwegian company Fjord1. The vessels are currently being built by three yards in Turkey and two yards in Norway. All contracts also include two azipull propellers for each vessel with accompanying propeller control system from Rolls-Royce. With this contract, Rolls-Royce has sold autocrossing to a  total of 18 new ferries to operate along the coast of Norway, of which 16 have been ordered by Fjord1 and two by another Norwegian ferry company, FosenNamsos Sjø.

Alfa Laval's Volume, Profit Both Beat Street

(File photo: Alfa Laval)

Engineering group Alfa Laval reported quarterly earnings and order intake above market expectations on the back of an upturn in the oil and gas sector on Monday and forecast demand would remain at the same level in the second quarter. The company, a maker of products such as heat exchangers, separators and ballast water treatment equipment, reported order intake of 10.0 billion crowns, above the 9.6 billion seen by analysts. "Improved activity in upstream oil and gas, on shore…

Attollo Bags Multimillion Jack Up Deals

Ben Moore, managing director at Attollo Offshore Photo courtesy Attollo Offshore

Attollo Offshore has heralded Q2 by signing multiple multi-million dollar jack up contracts within the oil and gas and renewable energy sectors. The contracts will see the Aberdeen-based company - renowned for its smarter operations of the assets required for late field life, decommissioning, rig-less well intervention, plug and abandonment and offshore wind projects - provide propelled and non-propelled accommodation jack up rigs to operators until the end of 2018. Explaining the benefits…

2020 Low-sulfur Rule to Trigger Huge Disruptions -IEA

© natagolubnycha / Adobe Stock

The shipping industry and oil refineries are not doing enough to prepare for new rules cutting the amount of sulfur that vessels can emit from 2020, according to the head of the International Energy Agency's (IEA) oil industry and market division.The new rules drastically cut the amount of sulfur that the world's ships can emit, from 3.5 percent currently to just 0.5 percent. Ships that install "scrubbers" that remove sulfur as the fuel is burned can continue to use higher sulfur fuels…

Rotterdam Port Calls for North-West Europe Joint CO2 Price

Image: The Port of Rotterdam Authority

The Port of Rotterdam Authority is calling on the Dutch Government to form a coalition with countries in North-West Europe so that a joint CO2 price can be introduced. At the Port Authority’s Energy in Transition Summit 2018 on the RDM site in Rotterdam, Port Authority CEO Allard Castelein made a powerful case for a much higher CO2 price in conjunction with a new industrial policy for the Netherlands. At the summit, the Port Authority also revealed the results of the CO2 impact of marine and inland shipping.

First Stern Trawler with Energy Storage

Stern trawler for HAVFISK- Overall length 80 m  Breadth approx. 17 m  Stern trawler Photo Vard

Vard Holdings Limited said it has secured a new contract for the design and construction of a new stern trawler for HAVFISK AS. The contract value is slightly below NOK 400 million. The vessel will be the world’s first stern trawler with an integrated energy storage system, consisting of diesel mechanical/diesel electric propulsion and batteries. The energy storage system together with VARD’s SeaQ Power Management System for power optimization in all operations, will ensure low emission of carbon dioxide, NOx and noise.

IMO Trains Iranian Officials

Photo: International Maritime Organization (IMO)

Iranian officials responsible for implementing IMO standards on air pollution and greenhouse gas emissions from shipping are undergoing IMO training at a national workshop in Tehran, Islamic Republic of Iran (18 April). Around 30 participants from the country’s Ports and Maritime Organization (PMO), Department of Environment and numerous ports are taking part. They are being trained on the IMO treaty restricting air pollution from ships as well as ship energy-efficiency measures – MARPOL Annex VI.

Grindrod Sells Off Bunker Division

(Photo: Grindrod)

South African ship owner Grindrod has sold its bunker division, Unicorn Bunker Services (Pty) Ltd., for an undisclosed sum to new co-owners WOESA (Women in Oil and Energy South Africa) and Linsen Nambi.Financed through the Industrial Development Corporation (IDC), the deal creates the nations first 100 percent black ship owners and facilitates the participation of black women and black youth in the maritime sector.Unicorn Bunker Services was established in 2006 a division of Grindrod Freight Services and operates three bunker tankers in the ports of Durban and Cape Town under contract to BP…

Top Five Trends in Offshore Wind

A turbine at the Hywind Scotland floating wind farm offshore Scotland (Photo: Arne Reidar Mortensen / Statoil)

As technologies mature and dramatic cost-cutting continues, the future is looking bright for offshore wind. Below are five trends to keep an eye on.Follow the LeaderOffshore wind’s established leader, Europe, will continue to show the way forward and build capacity. At the end of 2016, nearly 88 percent of the world’s offshore wind installations were located in European waters. In 2017, Europe saw a record 3,148 MW of net additional offshore wind capacity installed, with 560 new offshore wind turbines across 17 wind farms, according to WindEurope.

OutSmart, Kongsberg Join Forces on Wind Energy

New management solution based on the Kognifai digital platform and ecosystem will be available for more than 400 European wind energy assets Photo  Kongsberg Digital

Independent wind asset operations management specialist OutSmart BV has selected Kongsberg Digital AS to provide an integrated management system on the innovative Kognifai digital platform and ecosystem. The sophisticated digital solution will be used to manage OutSmart’s extensive onshore and offshore wind turbine portfolio. OutSmart provides services to wind farm owners, fund managers, and wind project companies in Northwestern Europe to maximize the revenues of their wind assets.

Maritime Reporter Magazine Cover Apr 2018 - Offshore Energy Annual

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