OP/ED: Offshore Wind
Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore oil and gas supply chain stands to benefit in a big way from billions in coming investment. In fact, it is already playing a role. Companies in the Gulf of Mexico, which traditionally support the offshore oil and gas sector…
BLUE Acquires 20|20 Marine Energy Consultancy
Specialist maritime consultancy 20|20 Marine Energy (20|20) founded by bunker industry veteran Adrian Tolson has been acquired by UK-based BLUE, the business, brand and communications consultancy for the marine and energy markets.20|20 will be re-named BLUE Insight to provide commercial advisory and research services for key transformative areas within the maritime industry.The practice - which will be led by Adrian Tolson, 20|20’s Senior Partner - provides BLUE with a physical presence in North America…
Kawasaki Begins Hydrogen Project
Japanese public multinational corporation Kawasaki Heavy Industries and its subsidiary company based in Melbourne Hydrogen Engineering Australia announced commencement of construction work to build the Hydrogen Liquefaction and Loading Terminal for the Hydrogen Energy Supply Chain pilot project (Project).The facility will convert hydrogen gas into liquefied hydrogen, which will be stored and then loaded onto the world’s first specialized marine carrier for transport to Japan.
Renewable Energy Brings 11 Million Jobs
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 renewable energy markets including China.The diversification of the renewable energy supply chain is changing the sector’s geographic footprint.
Offshore Wind: California's New Gold Rush
California Dreamin': In CA, offshore wind has unlimited potentialWhen it comes to States promoting renewable, non-fossil electricity generation, California surely leads the list, from utility-scale regional grids to individual rooftop solar panels.In fact, a December 2018 update from the California Energy Commission (CEC) estimates the state may already have exceeded an initial renewable generation goal of 33% by 2020. CEC estimates that in 2018 that generation number was already 34%.
Exmar Orders Newbuild at Jiangnan
Exmar NV, a provider shipping and energy supply chain solutions worldwide, has ordered new carriers from China's Jiangnan Shipyard.The Belgian shipowner said in a press release that it has entered into shipbuilding contracts with Jiangnan Shipyard for 2 LPG-fuelled 86,000 m³ gas carriers to transport LPG in an environment-friendly way.Both vessels are to be delivered ex yard respectively within the second and third quarter 2021 and will serve EXMAR’s long-term commitments towards…
A New York State of Mind
“A new industry is being established in New York, with the primary stimulus being a state-driven procurement process.”New York State Public Service Commission (PSC), July 12, 2018.To a great extent, this PSC comment provides direct insight into the dynamics behind New York’s pace-setting moves to establish offshore wind. First, this new energy development is deliberate – not left to chance or laissez faire markets. Second, state officials are in control, from choosing a contractor to securing money for payment.
EC Probes E.ON-Innogy Merger
The European Commission has opened an in-depth investigation into German utility E.on's takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers.The deal, which is worth a reported €43 billion ($48 billion at today's conversion rate), includes Innogy's distribution and consumer solutions business, as well as certain electricity generation assets.The Commission has concerns that the proposed acquisition may reduce competition in retail markets for electricity and gas in several Member States.Commissioner Margrethe Vestager…
East Anglia Expecting $77 Bln in Offshore Projects
Based on the latest forecasts, engery-sector specialists Nautilus Associates claim more than £59 billion ($77 billion) could be invested in new offshore energy and infrastructure projects between now and 2040 in the Lowestoft and Great Yarmouth Enterprise Zones.Johnathan Reynolds, director at Nautilus Associates, said, “We are seeing huge new investments in new offshore wind projects off the East Anglian coast, with an annual operational spend close to £1.3 billion per year by 2025.
Australia, Japan Enact Rules for Shipping Liquid Hydrogen
Australia and Japan signed a memorandum at the headquarters of the Australian Maritime Safety Authority (AMSA) in Canberra which will allow liquid hydrogen to be shipped in bulk for the first time. Ship containment systems are being developed in Japan that will be capable of safely transporting liquid hydrogen in bulk from Australia to Japan as part of a pilot project scheduled to commence in 2020. Bulk gas cargoes are carried under the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code) which is a mandatory code under the Safety of Life at Sea (SOLAS) convention, which does not currently allow for the transportation of liquid hydrogen.
Italians Go to polls for Drilling Referendum
Italy went to the polls on Sunday for a referendum on off-shore oil and gas drilling rights, a complex issue that the government hopes voters will shun. For the ballot to be valid, more than 50 percent of the Italian electorate must vote and Prime Minister Matteo Renzi has urged people to stay away, saying that the referendum is unnecessary and might end up hurting the economy. It would be a blow to Renzi if substantial numbers did turn out, suggesting voters were ready to snub him just weeks before major local elections. But opinion polls have indicated that a quorum will not be reached.
WOW at USMMA
The United States Merchant Marine Academy Hosts 7th Annual Women on the Water Conference. Last week, The United States Merchant Marine Academy (USMMA) in conjunction with the U.S. Maritime Administration (MARAD) hosted the 7th Annual Women on the Water (WOW) Conference. The annual conference, which is hosted by a different U.S. maritime academy each year, brought together over 125 maritime professional mariners and maritime academy cadets. The three day conference began with opening remarks from Maritime Administrator Paul N. Jaenichen, Sr.
James Fisher Opens Offshore Vessel for Tours
James Fisher Marine Services Ltd (JFMS), and Fendercare Marine, both subsidiaries of James Fisher and Sons plc (JFS), held an open day to demonstrate the capability of their shoreside support base and the offshore support vessel, the Dart Fisher. The Dart Fisher, which was berthed in the Fendercare Marine base in Great Yarmouth, is a 26-meter catamaran specifically designed to service the offshore energy industry with the capability to transfer up to 12 engineers, three 20-foot containers with a total combined cargo weight of 30 metric tons.
LR Awarded O&G Consulting Contract
The deal will support Aker Solution’s commitment to meet safe and sustainable offshore operations in the most important new development in the North Sea. It is a significant win for Lloyd’s Register Consulting as Aker Solutions is one of the world’s largest providers of products, systems and services to the oil and gas industry. In combination with risk analysis expertise from Lloyd’s Register Consulting, Aker Solutions is bringing together the best engineering and technologies for oil and gas drilling, field development and production in the North Sea for the front-end engineering design (FEED) phase. “The geographical scope of the Johan Sverdrup field is estimated to hold between 1.8 billion and 2.9 billion barrels of oil…
The Year in Review
The last 12 months has been one for the books ... or the trash. There was no shortage of government inducements to turn the lackluster tide in 2012—stimulus spending in China and Japan, quantitative easing by the U.S. Federal Reserve, and multiple actions by the European Central Bank to strengthen the Eurozone. But as the year evolved, weak macroeconomic fundamentals decisively trumped monetary policy initiatives and continued their choke on global commerce, hence the maritime sector.
St. Lawrence Seaway June Cargoes See Modest Rise
The St. Lawrence Seaway reported that year-to-date total cargo shipments for the period March 22 to June 30 were 13.2 million metric tons, up 1.3 percent over the same period in 2011. Iron ore and coal used in the steel and construction industries remained the dominant story in tonnage numbers along the St. Lawrence Seaway System. Iron ore shipments through the Seaway rose 34 percent to 1.4 million metric tons in June. Year-to-date figures for iron ore were up 27 percent to 3.8 million metric tons.
Golar LNG Orders Two Ships for $400m
Golar LNG Limited announced details of an expansion to its fleet, saying that it has entered into two newbuilding contracts for 162,000 cu. m. new buildings with fixed priced options for a further two with the Korean shipbuilder Hyundai Samho Heavy Industries Co., Ltd. One vessel will deliver during the third quarter of 2014 and the other will deliver during the fourth quarter of 2014. The total cost of the two vessels is slightly above $400 million. As with Golar's existing newbuilding orders, the vessels will be delivered with tri-fuel diesel electric engines. The new engines will be more fuel efficient and will also have lower emission levels of pollutants and CO2.
Wishart to lead LR's London Energy Unit
John Wishart takes the helm as higher energy prices spur asset investment and demand for technical assurance. Wishart, who has assumed the role of Energy Director after joining the organisation from GL Noble Denton, will be based in London and is expected to bring a wealth of experience to the job, having spent more than 30 years in the industry before joining Lloyd's Register earlier this month. “Rising energy prices, stricter emission standards and the complexities of exploring new energy sources are increasing the technical assurance needs of companies operating in the energy supply chain…
Gamesa, Northrop Grumman Launch Offshore Wind Technology Center
Gamesa Technology Corp., a global wind energy company, and the shipbuilding operations of Northrop Grumman Corp., America's largest shipbuilder, launched the Offshore Wind Technology Center to jointly develop the next generation of offshore wind systems that will be deployed in the United States and around the world. Plans call for the development of North America's first offshore wind turbines by late next year. "Virginia is pleased to be the nexus where two industry leaders will join forces in the name of offshore wind innovation," said Virginia Governor Bob McDonnell. "The Commonwealth offers all the attributes needed to provide an optimal location for offshore wind energy production, and to become the East Coast epicenter for the offshore wind supply chain.
Bunker Industry Fueled by Word Affairs
Bunkering is an industry in its own right, but one that is squeezed by events, which happen in the much bigger industries that we are the bridge between. We are vital to both the energy and shipping markets, and at the mercy of both. When the energy markets move, our prices move. When crude availability is tight, bunkers suffer. When air quality laws force refineries to change their practices, bunkers suffer. And when shipping suffers an accident, bunkers can also suffer. Until recently, bunkering was at the mercy of regulators and regulations, which were not necessarily aimed at it. Fuel oil has been very much in the European news over the last few months, simply because a lot of it was spilled from the stricken tanker Prestige, off north Spain.
Offshore Drilling Sites Could Expand
As the clean-up and recovery in the wake of Hurricane Katrina proceeds, industry and lawmakers are apparently considering opening additional offshore sites for energy exploration and production to minimize disruption to the nation’s energy supply chain in the event of future natural disasters. According to a report at The State.com – South Carolina’s Home Page, some South Carolina lawmakers are pushing for a change in federal law that would allow drilling for natural gas off the state’s coast. Another report from the Boston Herald reports that some Republicans reportedly may advance a plan to let states sponsor exploration for oil and gas in federal waters off their coasts now closed to drilling.