Equinor News

08 Nov 2019

Small Scale LNG Market to Grow by 6.81%

Cryogas-Vysotsk is Novatek's first small-scale LNG production project. Photo: Novatek

Global small-scale LNG market is expected to rise from its initial estimated value of USD 29.31 billion in 2018 to an estimated value of USD 49.66 billion by 2026, registering a CAGR of 6.81% in the forecast period of 2019-2026.Increasing demand for the LNG is the major factor for the growth of this market, said Data Bridge Market Research.The small scale LNG is especially used for the places where there is less production of LNG and they also don’t require large plants. They usually use tanker…

05 Nov 2019

EGPC Leads Oil, Gas Discoveries in Q3 2019

Image courtesy: Egyptian General Petroleum Corporation

Egyptian General Petroleum Corporation (EGPC) led globally among companies in the third quarter (Q3) 2019 in terms of the highest number of oil and gas discoveries, said GlobalData.Of the total 38 discoveries made worldwide, EGPC had four, all being onshore discoveries. Of these, three were conventional oil discoveries while the remaining was a conventional gas discovery, said a report from GlobalData.Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, explained: “Of the three conventional oil discoveries made by EGPC in Q3 2019…

27 Oct 2019

Exmar Reports Strong Earnings for VLCCs

Pic: EXMAR

Belgium's Exmar, the Nicolas Savery-led shipowner, reported strong earnings for the very large gas carriers (VLCCs), and midsize gas carriers for the the third quarter of 2019. The current trading fleet of Exmar in the VLGC segment is the 83,300 m³ BW TOKYO. During the quarter the vessel has been extended to a first-class counterpart at a profitable rate to Exmar in line with strong market fundamentals.The two 88,000 m³ next generation dual fuel newbuildings with a long-term charter to Equinor are progressing according to schedule with expected delivery second and third quarter 2021…

31 Oct 2019

Simon Mokster Sells PSV Stril Neptun

Stril Neptun. Image: Simon Møkster Shipping

Norwegian offshore support vessels company Simon Mokster Rederi said that it has sold the 3,000-dwt platform supply vessel (PSV) Stril Neptun to Greek interest for work outside the offshore shipping segment.Stril Neptun was delivered back in 1999 and has served long contracts as combined standby and supply on the NCS for Exxon (now Vår Energi), Equinor and BP/Aker BP for many years.The vessel is delivered to the new owners and will head to the Mediterranian early November, said a press note."Møkster is grateful to all seafarers…

31 Oct 2019

Oil and Gas Industry Adopts VR

Pic: GlobalData

The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain, according to GlobalData.According to the report, ‘Virtual Reality in Oil & Gas’, VR is finding its way into upstream, midstream and downstream sectors with applications in the simulation of new processes, analysis of project designs, reviewing of maintenance requirements and planning disaster responses.Ravindra Puranik, Oil and Gas Analyst at GlobalData, said: “Over time…

01 Nov 2019

SGRE Lands World’s Largest Floating OWF

Image: Siemens Gamesa Renewable Energy

Spanish-based engineering company Siemens Gamesa Renewable Energy (SGRE) said that the world’s largest floating wind power plant will be installed in Norway, equipped with 11 Siemens Gamesa SG 8.0-167 DD turbines.Scheduled to be commissioned in late 2022, Hywind Tampen will be the first ever floating wind power plant to power offshore oil and gas platforms.“We are pleased to have received the firm order from Equinor to be the supplier of this ground-breaking project. Thanks to our strong collaboration and joint focus on innovation…

08 Oct 2019

Seacat Kicks Off 3-vessel Charter with Equinor

(Photo: Seacat Services)

Offshore energy support vessel (OESV) operator Seacat Services said it has commenced a long-term contract with Equinor, which will see three OESVs support the ongoing operations and maintenance (O&M) of the 88-turbine Sheringham Shoal Offshore Wind Farm in the UK North Sea.Throughout the contract, two of Seacat Services’ 21-meter vessels – Seacat Endeavour and Seacat Reliance – will operate on site all year round, and between March and October they will be joined on site by a…

11 Oct 2019

U.S. Sanctions Bite; Traders Shun 300 Tankers

AdobeStock / © Jose Gill

Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.The move has taken roughly 3% of the global oil tanker fleet out of the market, according to industry sources and data on Refinitiv Eikon, sending rates soaring to secure tankers to ship oil, particularly to Asia."Freight rates are going through the roof and people are getting very nervous with the cost of shipping…

23 Oct 2019

Corporates Pledge for Healthy, Productive Ocean

Pic: DNV GL

30 companies and institutional investors have signed up to the United Nations Global Compact (UNGC) Sustainable Ocean Principles committing to take action to secure a healthy and productive ocean.UNGC is a special initiative of the UN Secretary-General, the United Nations Global Compact works with companies everywhere to align their operations and strategies with ten universal principles in the areas of human rights, labor, environment and anti-corruption.The signatories to the principles include the container ship and supply vessel operator A.P.

18 Oct 2019

Two LNG Dual-Fuel DP Shuttle Tankers Unveiled

AET's Eagle Blane and Eagle Balder were unveiled at a naming ceremony held at the Samsung Heavy Industries (SHI) Geoje Shipyard, South Korea, today
(Photo: AET)

AET, a petroleum tanker owner and operator, has named its newest vessels, two of the world's first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, meeting the International Maritime Organization's (IMO) target of reducing carbon (CO2) emissions by 40% against 2008 baselines by 2030, and halving CO2 emissions by 2050.These LNG Dual-Fuel DPSTs also emit 85% less SOx…

01 Oct 2019

California Launches Offshore Wind Coalition

Image: Offshore Wind California

A group of offshore wind industry members that includes Equinor, Magellan Wind and Principle Power have launched an offshore wind group in California.The Offshore Wind California (OWC) said it is  committed to providing industry expertise, innovative solutions, and a dedicated voice for offshore wind in California.OWC is poised to lead the promotion of responsible and sustainable deployment of offshore wind power in the state's energy system.California is well-positioned to break out as the next investment hot spot for America's booming offshore wind industry…

10 Oct 2019

Hammerfest LNG Ships 1000th LNG Cargo

Arctic Discoverer will carry cargo number 1000 from the Hammerfest LNG plant. (Photo: Silje Grytbakk / Equinor ASA)

Norwegian energy company Equinor reached a milestone at its Hammerfest LNG facility on Melkøya Island, “the Snøhvit plant”,  by loading the 1000th cargo of the chilled fuel.The cargo consists of 140 500 cubic metres of liquefied natural gas (LNG). Total sales value of all the LNG cargos since the field came on stream is in the range of NOK 130-150 billion. In addition, we have the value of liquefied petroleum gas (LPG) and condensate.Arctic Discoverer is the name of the tanker that will carry cargo number 1000 from the Hammerfest LNG plant.

26 Sep 2019

Offshore Wind takes Center Stage at SUNY Maritime

From Left: Julia Bovey, Director of External Affairs, Equinor Wind US; Fred Zalcman, Head of Market Development, Ørsted; Greg Trauthwein, Editor & Associate Publisher Maritime Reporter & Engineering News; Doug Copeland, Senior Manager for Offshore Wind, Atlantic Shores Offshore Wind; Eric Johansson, SUNY Maritime; Alan Hannah, Deputy CEO, Vineyard Wind; and, John Arntzen, Chair, Maritime Industry Museum.

More than 300 executives from the maritime industry, government and academia filled the conference hall at SUNY Maritime as the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler jointly hosted "Offshore Wind Power: Planning For America’s Ocean Energy" today in New York.I was pleased to facilitate the lead panel entitled "East Coast Wind Farm Overview – Status of Industry,” a panel which featured executives from four of the leading companies which are investing and working to make offshore wind power a reality in the U.S.…

13 Oct 2019

Solvberg Appointed NPD Director General

Photo: Norwegian Petroleum Directorate

The Norwegian Petroleum Directorate (NPD) has announced the appointment of Ingrid Solvberg as Director for the Norwegian Sea and Barents Sea, replacing Bente Nyland.According to a note from NPD, Sølvberg was appointed by the King in Council on 11 October. The Ministry of Petroleum and Energy has not yet set the date for the transition.The director general position in the NPD is posted as a fixed term engagement of six years, with the option of an additional six-year period. Bente…

13 Sep 2019

Fire Reported on Tanker at Sture Terminal

A fire onboard an oil tanker at Norway's Sture crude export terminal has been put out, the fire service told Reuters on Friday.The fire broke out in the engine room of the Dubai Harmony tanker during loading at the Equinor oil terminal on Norway's west coast, according to rescue services and police.No one was injured, and the terminal's output was not affected by the incident, although there was a partial evacuation of staff."The head of the response team on the site confirms that the fire was put out at 1257 CET (1057 GMT)…

09 Sep 2019

Equinor Sends Vessels to Clean up Bahamas Oil Spill

(Photo: Equinor)

Two vessels with clean-up equipment and personnel will arrive to the Bahamas within a few days to deal with an oil spill at the South Riding Point terminal damaged by hurricane Dorian, operator Equinor said on Monday.The company reiterated there were no indications of ongoing leaks form tanks, as well as no indications that the oil spill was reaching nearby beaches or the ocean.(Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)

16 Sep 2019

Offshore Wind Conference Set for SUNY Maritime

© peterschreiber.media/Adobe Stock

The Center of Excellence for Offshore Renewable Energy at the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler, are hosting the Ocean Wind Energy Conference on Thursday, September 26, 2019 at the Maritime Academic Center, SUNY Maritime College.Serving as the keynote speaker is Alana Duerr, Ph.D., Director, Offshore Wind North America, DNV GL - Renewables Advisory, who will offer insight to opportunities for maritime industry support of Ocean Wind Energy development and sustainment for many years to come.

15 Sep 2019

Sture Terminal Situation Normalised

Dubai Harmony. Pic: Dubai Navigation Corp

The fire in the engine room of the crude oil tanker Dubai Harmony moored at Equinor’s Sture terminal in Øygarden municipality on the west coast of Norway near Bergen has now been extinguished.At 1102 this morning, Equinor's alarm center received reports of a fire in the engine room on board Dubai Harmony, which was loading at the quay at the Sture terminal.The fire has now been extinguished and the fire service is continuing to cool the area where the fire took place.The 102 people who were at the Sture terminal were evacuated from the terminal when the incident occurred as a precaution…

18 Sep 2019

Equinor Picks Stowen for Sheringham Shoal

Sheringham Shoal Wind Farm. Image: Stowen

Great Yarmouth-based Stowen Clean Energy has secured a maintenance contract with Equinor for its Sheringham Shoal Offshore Wind Farm off the North Norfolk coast in the UK.As per contract, Stowen will deliver a cathodic protection system for the substations for the 317MW offshore wind farm.The work will take place Q4 2019 – Q1 2020. The installation of the system will ensure the life expectancy of the assets whilst providing a way of monitoring corrosion levels.The contract win…

23 Sep 2019

NKT Wins Dogger Bank offshore Gig

Image: NKT

NKT, which produces cables and supplies the energy sector, has entered a Preferred Supplier Agreement (PSA) as the main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to the Doggerbank Creyke Beck A and B offshore wind farms.The project is being developed as a joint venture by Equinor (50%) and SSE (50%).Dogger Bank Wind Farms Creyke Beck A/B was notified today that it was successful in the UK allocation of Contracts for Difference (CfD)…

24 Sep 2019

Equinor to be ‘Offshore Wind Major’

Graph: Rystad Energy

The multi-billion capital investment by Equinor at its new Dogger Bank Offshore Wind Farm will see it rival its major oil and gas projects, according to Rystad Energy."The offshore wind project Dogger Bank in the UK North Sea will not only be Equinor’s largest project through 2026, it will also rank as the sixth largest offshore development project in the world during this period," said the energy research firm.UK authorities announced on Friday that Equinor and joint venture partner SSE have been chosen to develop the world’s largest offshore wind farm…

26 Sep 2019

CPIH, Equinor Team Up on Offshore Wind

Image: Equinor

Chinese power giant China Power International Holding (CPIH) and Norwegian energy firm Equinor have inked a memorandum of understanding (MoU) to cooperate on offshore wind projects off China and Europe.“China is rapidly increasing its use of renewables and natural gas. The country is set to become the world’s biggest offshore wind market by 2030. As an offshore wind major, Equinor is excited to collaborate with CPIH to develop offshore wind” says executive vice president New Energy Solutions…

26 Sep 2019

Corvus, Kawasaki Pact for Novel ESS for Offshore Vessels

Below seated: KHI Managing Executive Officer, Takeshi Ohata; and Corvus Energy CEO, Geir Bjørkeli.Standing left to right: KHI—Tatsuya Onodera, Technical Manager; Tatsuya Ohno, Technical Manager; Takenori Hino, Senior Manager; Corvus— Per Erik Schumann-Olsen, Executive Advisor; Pradeep Datar, VP Sales – Asia; Sean Puchalski, EVP Strategy & Business Planning. Photo: Corvus Energy

Kawasaki Heavy Industries (KHI) and Corvus Energy have reached a licensing agreement for a novel lithium-ion capacitor (LiC) technology developed by Corvus for KHI.The LiC-based energy storage systems (ESS) to be sold by Corvus to offshore vessels and oil rigs globally.“Corvus Energy has been an outstanding development partner for the LiC technology,” says Takeshi Ohata, Managing Executive Officer of Kawasaki Heavy Industries at their headquarters in Tokyo, Japan.“Their battery engineering experience and marine market leadership gives Corvus Energy expertise unlike any other.

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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