INSIGHTS: Lorry Wagner, Ph.D., President, LEEDCo
Dr. Lorry Wagner has served as president of the Cleveland-based Lake Erie Energy Development Corporation (LEEDCo) since May of 2010.LEEDCo is the public private partnership behind the effort to construct Icebreaker Wind, a 6 turbine 20.7 megawatt offshore wind energy demonstration project in Lake Erie, 8 miles off the shore of Cleveland. LEEDCo has received funding from the U.S. DOE under its Advanced Technology Demonstration Projects award and has partnered with Fred. Olsen Renewables of Norway. Dr.
LANL Releases New Sea-Ice Computer Model
Los Alamos National Laboratory (LANL) with several collaborating groups released an update for an internationally vital sea-ice computer model, called CICE version 6.0, a timely tool that supports more accurate forecasting of ice occurrence and global climate modeling.“This update improves our ability to understand a type of anchored ice, called land-fast ice, that is attached to the shore or sea bottom and can block shipping lanes and northern ports,” said Elizabeth Hunke, lead developer of the CICE model.
Damen: New Fast Crew Supplier for US Market
Damen Shipyards Group has unveiled a new vessel design geared toward the developing offshore wind market in North America: the Fast Crew Supplier (FCS) 3410 service accommodation and transfer vessel (SATV).The new design builds on Damen designs that have been proven in the European renewables market. The main premise is the patented Damen Twin Axe bow design, which combines the Axe Bow with a catamaran hull to allow the vessel to cut through waves instead of slamming, thereby improving seakeeping and onboard comfort.
New York Seeks 800 MW Offshore Wind
Newly re-elected Governor Andrew M. Cuomo issued a comprehensive solicitation seeking 800 megawatts or more of new offshore wind projects for New York.According to a press release issued by New York State Energy Research and Development Authority (NYSERDA) he state's first offshore wind procurement is moving rapidly. Bids due to land in February 2019. Awards for projects will be made in spring 2019 in time to "take advantage of expiring federal tax credits".This highly anticipated first offering kicks-off competition for New York State's first large-scale offshore wind development contracts…
Tidal Developer Collaboration to Tackle Foundation Mooring
CorPower and Sustainable Marine Energy join forces for a wave and tidal developer collaboration to develop and demonstrate generic foundation mooring solution to reduce cost and improve O&M methods.The 35-month UMACK (Universal Mooring, Anchor & Connectivity Kit Demonstration) project will address ocean energy affordability, survivability, reliability and installation through the demonstration of a generic anchor-foundation-mooring-connectivity system which aims to reduce capital…
Ampyx Power, NLR to Join Wind Energy Solutions
The Dutch Topsector Energie-TKI Wind op Zee recently awarded a subsidy to Dutch wind energy technology developer Ampyx Power and the Netherlands Aerospace Centre (NLR).The two organizations are undertaking a joint project aimed at optimizing the design of an aircraft that will be used to generate wind energy at high altitudes. The grant marks a new phase in the development of a scalable Airborne Wind Energy System (AWES) capable of generating several megawatts of electricity.Thanks to its relatively small size…
New Research Vessel for Virginia Institute of Marine Science
A new research vessel for the Virginia Institute of Marine Science (VIMS) has completed sea trials and is transiting to its home port in Virginia.The new vessel, the R/V Virginia, will support the institution’s fisheries research projects and greatly expand VIMS’ capability to perform general oceanographic research in the Chesapeake Bay as well as mid-Atlantic coastal waters. Interest in the new research vessel is already growing rapidly as next season is almost fully booked with science cruises.The 93-foot vessel was built by Meridien Maritime Reparation.
Smarter Energy Policy Will Broaden Offshore Recovery
For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U.S. Gulf of Mexico. Thankfully, the tide appears to finally be turning.In August, Gulf of Mexico Lease Sale 251 drew increased competition for offerings and $178 million in high bids, $53 million more than previous sale held in March.
McDermott Wins Shell Contract for Gulf of Mexico
McDermott International announced a contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell (Shell) plc, for subsea umbilical and flowline installation at the Perdido development, located 230 miles south of Galveston, Texas, in the Gulf of Mexico."This award strengthens McDermott's relationship with Shell as we work together to safely and competitively deliver this next-generation deepwater energy project," said Richard Heo, McDermott's Senior Vice President for North, Central and South America.
INSIGHTS: William D. Friedman
Port of Cleveland President & CEO and newly elected Board Chairman of the American Association of Port Authorities William Friedman weighs in this month on the Port of Cleveland and its role in the all important Great Lakes trades.When the American Association of Port Authorities (AAPA) announced the election of Port of Cleveland President and CEO, William D. Friedman, to serve as chairman for the 2018-19 year, beginning this October, it was perhaps a conscious decision to tap someone who has a broad range of experience and skills in myriad ports, large and small.
BSEE Regs Update to Cut Burden on Operators
The Bureau of Safety and Environmental Enforcement (BSEE) – incorporating industry innovation, best science, and best practices – is proposing to update regulations covering offshore oil and gas drilling operations to improve reliability, safety, efficiency, and environmental stewardship, and reduce unnecessary burdens on operators. BSEE reviewed the existing regulations in response to Executive and Secretary’s Orders instructing it to identify ways to reduce unnecessary regulatory…
US States Slow Trump Offshore Oil Drilling Expansion Plan
The Trump administration's plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their focus to other opportunities. The administration hopes encouraging U.S. energy development outside of shale oilfields will further its goal of "energy dominance." But existing Obama administration lease rules remain in place through 2022 unless the new rules gain approval. The Department of the Interior this year proposed opening vast new acreage in the U.S. outer continental shelf to drilling.
DNV GL Alliance for Offshore Wind Energy Development in Vietnam
Singapore-based Enterprize Energy and partner Renewable Energy Global Solutions (REGS), together with PetroVietnam consortium comprising Petroleum Equipment Assembly & Metal Structure (PVC-MS) and VietSovPetro (VSP), MHI-Vestas Offshore Wind (MVOW), and DNV GL signed a series of exclusive Agreements forming an alliance for multi-phased, utility-scale wind developments, offshore Southern Vietnam, including feasibility, environmental, development, financing planning through implementation.
CNPC, Cheniere Pact for LNG
China’s state-owned oil company, China National Petroleum Corporation (CNPC), and U.S. independent energy company Cheniere Energy have signed a Memorandum of Understanding (MoU) for long-term sales and purchases of liquefied natural gas (LNG), Reuters reported. The report quoted U.S. State Department saying that the deal between the two companies was signed during president Trump’s first state visit to China. Neither companies disclosed details of the transaction. According to CNPC…
Top Regulatory Concerns on the US Commercial Waterfront
A top 10 list of regulatory concerns is by no means all-inclusive, but it does bring to light the full weight of the regulatory hammer on the collective domestic commercial waterfront. “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us...” – Charles Dickens, A Tale of Two Cities, 1859.
Repsol Suspends Drilling on Vietnam Oil Block Disputed by China
Spain's Repsol said it had suspended oil drilling in a block off Vietnam, where the prospecting in South China Sea waters claimed by China had infuriated Beijing and brought Chinese pressure on Vietnam to stop. Tension has been growing between Vietnam and China over energy development in the waterway, where extensive Chinese claims are challenged by five Southeast Asian countries and disputed by the United States. Repsol's chief financial officer, Miguel Martinez, said work had been suspended off Vietnam, according to the transcript of a conference call with analysts last week. "We are working with the PetroVietnam and with the Vietnamese authorities and the only comment is that right now, operations have been suspended," he said.
Duke Receives Funding for New Research Vessel
Duke University said it has received $11 million for the construction and operation of a new state-of-the-art vessel that will expand teaching and research capabilities at its marine lab. The gift to the Nicholas School of the Environment from the Grainger Family Descendants Fund, a donor-advised fund at The Chicago Community Trust, provides $5 million to build the new 68-foot oceangoing research vessel and an additional $6 million to support operating costs. The ship will have wet labs and dry labs, oceanographic equipment, a galley and sleeping quarters. It will be an oceangoing classroom to train undergraduate and graduate students in oceanography and marine biology at the Duke Marine Lab at Beaufort, N.C.
BOEM Offers Cook Inlet Blocks Offshore Alaska
The Bureau of Ocean Energy Management (BOEM) announced it will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21. Cook Inlet Oil & Gas Lease Sale 244 will offer 224 blocks toward the northern part of the federal Cook Inlet Planning Area for leasing. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south. “We conducted a robust environmental analysis and look forward to holding Alaska’s first OCS lease sale since 2008,” said Dr. Walter Cruickshank, BOEM’s acting director.
Op/Ed: Trump Signals New Day for Offshore Energy
National Ocean Industries Association president Randall Luthi weighs in on President Trump’s Executive Order on offshore energy. It’s a new day and a new attitude for American energy. The National Ocean Industries Association (NOIA) applauds President Donald Trump’s Executive Order recognizing the vital role of offshore energy in an overall national energy policy. The Energy Information Administration (EIA) predicts that in the year 2040, traditional forms of energy, particularly fossil fuels, will provide almost 80 percent of our energy needs.
Updated Forecast: Floating Production System Orders
World Energy Reports has released its midterm five year forecast of production floater orders. The forecast, detailed in the March 2017 WER report, reflects positive and negative developments in underlying business drivers since WER’s five year forecast last October. Likelihood that the November U.S. election results will accelerate U.S. More rapid expected increase in cost of capital – U.S. Overall, the net impact of these changes is slightly negative – but the outlook for a ramp up in production floater orders remains bullish.
Nogaholding Secures $741 mln Loan for LNG Terminal
Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA), recently hosted a dinner to mark the financial close of its LNG Terminal Project with Bahrain LNG WLL, the developer and owner of the first LNG receiving and regasification terminal to be developed on a public–private partnership (PPP) basis in the Middle East. Dr Dafer Al Jalahma, CEO of nogaholding, said: "Led by K-SURE, this well-structured LNG regasification terminal transaction attracted high quality project finance lending of $741 million for a tenor of 20 years.
Virginia Institute of Marine Science Orders Research Vessel
Virginia Institute of Marine Science of Gloucester Point, Va. awarded a contract to Meridien Maritime Reparation of Matane, Quebec to construct a 93-foot research vessel. JMS Naval Architects of Mystic, Conn. designed the research vessel to replace VIMS’s current vessel, the R/V Bay Eagle. The primary mission of the Institute’s fleet is to provide inshore and offshore work platforms for the support of fisheries related oceanographic research projects. The new vessel will be capable of conducting fisheries assessments of greater capacity…
NOIA Decries Obama Withdrawal of Offshore Areas
“President Obama’s short sighted, unilateral withdrawal of Atlantic and Arctic Ocean areas from future oil and gas leasing not only risks the long-term energy security and energy leadership position of the United States, it violates the letter and spirit of the law. Such an expansive withdrawal, particularly when argued as being ’permanent’, is clearly inconsistent with the Outer Continental Shelf Land Act’s steadfast declaration that ‘... “Furthermore, today’s decision puts the…