Equinor News

17 Apr 2019

DNV GL Certifies Arkona Offshore Wind Farm

Pic: DNV GL

Norwegian testing and advisory company DNV GL said it awarded the Arkona Offshore Wind Farm with the project certificate.The certification was carried out according to the German Federal Maritime and Hydrographic Agency (BSH – Bundesamt für Seeschifffahrt und Hydrographie) standard BSH7005 and covers all stages of the project development from design planning over construction to commissioning.The project certificate confirms all relevant safety features of the wind farm and validates the technical and quality compliance with the BSH standard requirements…

17 Apr 2019

A New York State of Mind

New York Bight call areas.  "Call" is a short-hand term referring to calls for proposals or calls for interest in an area. (Image: BOEM)

“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.

17 Apr 2019

Floatel Gets Martin Linge Extension

Floatel Superior. Image: Floatel International Group

Swedish contractor Floatel International has received a new extension from Equinor for its accommodation unit Floatel Superior at the Martin Linge Field Development in Norway’s North Sea.The onshore operational support and supervision company said in a press release that Floatel Superior started its charter at Equinor’s Martin Linge project at the end of July 2018. The contract has now been extended with four months until the end of March 2020.Floatel also said that six monthly options remain in place for the Floatel Superior.Prior to her contract with Equinor…

11 Apr 2019

Teekay Gets ECA-backed Newbuild Loan

Image: Teekay Offshore Partners

Teekay Offshore Partner, a marine energy transportation, storage & production company, has signed for a shipping export credit agency (ECA)-backed US$414m debt facility to fund four LNG-fuelled newbuild shuttle tankers.Watson Farley & Williams (WFW) is advising its long-standing client Teekay on this ECA-backed newbuild loan, noted a release.The facility, which bears interest at Libor plus 225 basis points for up to 12 years from each delivery, is funded and guaranteed by both…

08 Apr 2019

OSV Market: Which Way is Up?

OSV "THUNDER" owned by Jackson Offshore serving floater "DEEPWATER CONQUERER"
Source: Jackson Offshore

Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its Seabreeze market report follows this convention with a description of the “feast or famine” conditions in the North Sea. Recent day rate action highlights the localized nature of markets for anchor handlers (AHT), platform supply vessels (PSVs) and similar equipment…

04 Apr 2019

Teekay Secures Loan for Shuttle Tanker Newbuilds

Pic: Teekay

International midstream services provider, Teekay Offshore Partners announced that it has secured a new $414 million long-term debt facility that will be used to finance four LNG-fueled Suezmax DP2 shuttle tanker newbuildings.Upon delivery in 2019 and 2020, two of the vessels will commence operations under the Partnership’s Master Agreement with Equinor, while the remaining two vessels will join the Partnership’s contract of affreightment (CoA) shuttle tanker portfolio in the North Sea…

04 Apr 2019

Equinor Awards FEED Contract to Deltamarin

CO2 capture - credit Equinor

Deltamarin Oy, the provider of ship design, offshore engineering, and construction services for marine and offshore industries worldwide, has signed a contract to support the energy majors in LCO2 vessel design and environmental optimisation.The contract is a part of the Carbon Capture and Storage (CCS) project led by Equinor and partners Shell and Total, Deltamarin, said a press release.CCS will be an essential part of reducing carbon emissions and reaching global climate targets.The…

27 Mar 2019

Equinor Awards 4D Seismic Gig to Shearwater

Image: Shearwater GeoServices

Shearwater GeoServices announced the award of a 4D seismic survey at the Troll Unit by Equinor AS to be conducted this summer.The company 20% owned by GC Rieber Shipping ASA said that the project adds further to Shearwater’s 4D program in the North Sea and Barents Sea this season.The Troll Unit survey will last approximately 2 months and be conducted by the Amazon Conqueror using Shearwater's Isometrix system."The award of the Troll Unit project from Equinor adds to our extensive 4D and Isometrix program for the 2019 summer season.

26 Mar 2019

PDVSA Oil Port Paralyzed by Another Blackout

Venezuela's main oil export port of Jose and the country's four crude upgraders have been unable to resume operations following a massive power blackout on Monday, according to industry workers and a union leader close to the facilities.The most recent oil shipment for export, on the carrier Dragon chartered by Russia's Rosneft, left Jose, which is owned by state-run PDVSA, on March 24, according to Refinitiv Eikon vessel-tracking data and PDVSA's trade documents."There is no electricity, everything is paralyzed," oil workers' union leader Jose Bodas told Reuters on Tuesday.The blackout, Venezuela's second major power outage in a month…

26 Mar 2019

UK Industry Floats Offshore Wind Group

Image:The Renewable Energy Hub

An advocacy group, led by RenewableUK and Scottish Renewables, has been launched by industry body RenewableUK to make the case for large-scale deployment of floating wind power off Britain.The Floating Wind Steering Group will meet with the aim of producing a consensus vision for the future of floating wind and the business case for its continued development in the UK. The group includes representatives from developers and supply chain companies, and from regions around the UK.

14 Mar 2019

Equinor Extends Oceaneering Contract

Image: Oceaneering

Houston-based subsea engineering company Oceaneering International has secured a contract renewal from Equinor, the Norwegian multinational energy company, covering the provision of maintenance, reliability and integrity management.The oilfield provider of engineered services and products, primarily to the offshore oil and gas said in a press note that the contract, which was originally awarded to Oceaneering’s integrity business in 2005 and competitively tendered again in December 2013…

11 Mar 2019

Delmar Completes West Phoenix Disconnect

Image: Delmar Systems

The provider of offshore mooring and subsea services, Delmar Systems said it completed an eight-line disconnect of the mooring system on Seadrill’s West Phoenix semi-submersible drilling rig on the UK Continental Shelf, using its RAR Plus Technology.The rig disconnection was performed in two and a half hours without needing anchor handling tug supply (AHTS) vessel assistance. The West Phoenix is currently under contract with Equinor for a three well campaign, all of which are…

06 Mar 2019

Pioneering Spirit Shifts to the North Sea

Pioneering Spirit transports the drilling platform topsides for Equinor’s Johan Sverdrup development (Photo: Allseas)

The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea.The Allseas-owned vessel, which in 2018 installed the 22,000 t drilling platform topsides for Equinor’s Johan Sverdrup development on the Norwegian continental shelf, will now return to the field to install the 26,000 t processing platform topsides and the 18,000 t living quarters platform topsides.

27 Feb 2019

Oil, Gas Majors Join Blockchain Consortium

Rebecca Hofmann Photo:  OOC Oil & Gas Blockchain Consortium

A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain consortium in the United States.With several use cases across the industry value chain, the consortium intends to conduct proofs of concept with this emerging technology in 2019, said a press release from OOC Oil & Gas Blockchain Consortium.The OOC Oil & Gas Blockchain Consortium was founded to advance industry blockchain technology learnings for the purpose of driving industry standards…

25 Feb 2019

Shearwater GeoServices Bags Equinor Contract

Pic: Shearwater GeoServices

Norwegian offshore survey specialist Shearwater GeoServices has been awarded three 4D seismic surveys by Equinor to be conducted this summer.The Geoservices company said in a press release that the projects confirm Shearwater’s Isometrix crews will be active in 2019, on 4D projects in the North Sea and Barents Sea. Together with the recent announcement of 3 OBS 4Ds this brings Shearwater’s announced 2019 4D awards to 6 projects, confirming its market leading position in 4D.Equinor has awarded Shearwater a multi-project contract…

22 Feb 2019

Equinor Sells Natural Gas Worth USD26bln in 2018

Tor Martin Anfinnsen (left), Equinor’s senior vice president for marketing and trading. Irene Rummelhoff (right), Equinor’s executive vice president for marketing, midstream and processing. Photos: Harald Pettersen (left) and Ole Jørgen Bratland,  Equinor.

Norwegian energy company Equinor has announced its 2018 sales of natural gas totalled $26bn, an increase of 29% from 2017.Equinor sold a total of 100 billion cubic metres (bcm) of gas worldwide in 2018. The company is the second-largest gas supplier to Europe, as well as the largest producer of natural gas on the Norwegian Continental Shelf (NCS)."As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030…

21 Feb 2019

Norway 203040 Names Haugland CEO

Bjørn Kjærand Haugland announced as new CEO of the climate network Norway 203040.

Bjørn Kjærand Haugland announced as new CEO of the climate network Norway 203040.“It is extremely motivating for me to lead this business-led climate initiative that gathers companies with the most ambitious climate commitments in Norway to take a leading role in the transition to the low-emission society,” said CEO Bjørn Kjærand Haugland in Norway 203040. “Here in Norway there’s a strong focus on green growth, and the maritime sector promises to be a key area of transformation and job creation…

20 Feb 2019

Gas4Sea, Equinor in LNG Bunkering Pact

Image: Port of Zeebrugge

Marine LNG Zeebrugge, a joint venture of the Gas4Sea partners - ENGIE, Mitsubishi Corporation and NYK - has signed an agreement with the Norwegian multinational energy group Equinor.Under the agreement, Marine LNG Zeebrugge will supply liquefied natural gas as a marine fuel to Equinor’s four crude shuttle tankers in the Dutch port of Rotterdam.The four planned dual fuel vessels are to come into service in early 2020; they will be operated by Equinor in Northern European seas.Marine LNG Zeebrugge will supply LNG using the LNG bunkering vessel ENGIE Zeebrugge which started operations in 2017.

19 Feb 2019

2021 to See 33 More FPSOs

Graph: Rystad Energy

A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and gas activity picks up in the offshore sector.Norwegian oil and gas intelligence firm Rystad Energy reports that 15 of the FPSOs will require production capacity of more than 80,000 barrels per day.Rystad said that the high capacity demand would come mainly from the developments in Guyana and Brazil where operators such as ExxonMobil, Equinor, and Petrobras…

20 Feb 2019

Excelerate, Equinor Perform First STS LNG Transfer

Image: Excelerate Energy. L. P

The first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) was completed in The Bahamas by Excelerate Energy and Equinor Energy AS.According to Excelerate, which provides transportation and marketing of LNG, its floating storage regasification unit (FSRU) Exemplar and Equinor’s LNG carrier Arctic Voyager were used for the LNG transfer."A full LNG cargo was transferred using the double-banked LNG transfer system while moored at Equinor’s South Riding Point storage and transshipment terminal which is strategically located for storage and transshipment of crude…

08 Feb 2019

Aker Solutions Revenues Up 8%

Luis Araujo, CEO, Aker Solutions

Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with approximately $5.2 billion worth of contracts currently in the bid phase.In analyzing the results…

04 Feb 2019

Equinor Gets Extension for Norne FPSO

The Norne FPSO in the Norwegian Sea. Image: Equinor (Photo: Anne-Mette Fjærli)

The Norwegian Petroleum Directorate (NPD) has granted consent to Equinor for the extension of production on Norne FPSO with associated facilities for the Norne, Urd and Skuld fields in the Norwegian Sea.Lifetime extension granted for FPSO is for four years to March 2026, as the operator eyes additional 132m barrels from Norwegian Sea field.In its application for extension, operator Equinor has described an improved drainage strategy for the Norne field and the nearby Urd and Skuld fields.The Norne, Urd, Skuld, Alve and Marulk fields are tied in to the Norne ship.

31 Jan 2019

Record Year for US Wind Energy

Image: Bureau of Ocean Energy Management

American utilities signed contracts for 4,304 megawatts (MW) of wind power in 2018 that, when combined with non-utility purchases, reached the highest level on record for overall Power Purchase Agreements (PPA) activity with 8,507 MW in 2018.In total, the industry commissioned 7,588 MW of wind power capacity in 2018. There are now 96,488 MW of cumulative installed wind capacity in the United States, with more than 56,800 wind turbines operating across 41 states.According to a new report released today by the American Wind Energy Association (AWEA)…

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

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