Global Energy Group News

Global Port Services, owned by Global Energy Group alongside the Port of Nigg, has said it has secured multiple contracts to support its client Seagreen Wind Energy Limited (SWEL), with site enabling works for the pre-assembly construction of wind turbine components (WTGs) at its Port of Nigg facility. The news comes as the final turbine foundations for Seagreen arrive at Nigg to be prepared for installation at Seagreen offshore wind farm site, 27km off the coast of Angus.Seagreen…

U.K. port bosses are scratching their heads as to how to meet demand as offshore wind, including new floating projects, ramps up around the country’s coastline.The U.K. government is pushing this source of energy and has a 40-gigawatt (GW) by 2030 target—ramping up from around 30 GW today—for offshore wind. While fixed bottom projects continue to roll out, through some of the world’s largest offshore wind farms, a pipeline of 15 GW of floating offshore wind is also on the cards…

Inland and Coastal Marina Systems (ICMS) said Tuesday it had installed a new 30-meter pontoon for the Montrose Port Authority to service the Seagreen Offshore Wind Farm, Scotland’s largest wind farm.The new 30m x 4.4m pontoon will allow safe berthing and access for crew transfer vessels (CTVs) to the new operations and maintenance (O&M) base for the wind farm which is currently under construction 27km off the coast of Angus."Located on Montrose Port’s South Quay, the new pontoon is topped with GRP decking suitable for a commercial application offering excellent anti-slip properties.

Global Energy Group (“GEG”), the Scottish-based energy services company has agreed on terms with offshore wind tower manufacturing specialist, Haizea Wind Group (“Haizea”), to build a £110m-plus (~$146 million) offshore wind tubular rolling facility at Port of Nigg, located in the Scottish Highlands. GEG said Friday that Nigg Offshore Wind (“NOW”) would be 450-meter-long, 38,000 m2 factory, capable of rolling steel plate to supply towers which will weigh in excess of 1,000 tonnes each and other products…

UK-based Global Energy Group and Swiss-based integrated energy company, Proman have partnered up to develop a renewable power to methanol plant using local sources of captured CO2 to be located at the Nigg Oil Terminal in the Highlands of Scotland.GEG is also the owner of the Nigg Oil Terminal and Proman is the second-largest methanol producer in the world-GEG said that the development of an industrial-scale renewable power to methanol production facility with CO2 to be provided from local industrial sources will be known as the “Cromarty Clean Fuels Project“.

Despite projected demand recovery post-2020, the global offshore support vessel (OSV) market continues to face a utilization challenge, a joint research by Braemar ACM Shipbroking (Braemar) and Westwood Global Energy Group has shown.According to the press statement released Wednesday, over the course of 2020, estimates for total utilization for the global OSV market fell from 55% in 1Q2020 to a low of 49% in 3Q2020 following a sharp decline in rig activity, FID cancellations/deferments, and significant logistical challenges posed by the global pandemic.

In an eventful week in which its Port of Nigg was selected as a turbine foundation marshaling port for the giant Seagreen offshore wind farm, UK-based Global Energy Group said Thursday it had struck a deal to power its Port of Nigg facilities using green hydrogen, to significantly reduce emissions at the site.The company has teamed up with ScottishPower to identify processes and plant at the facility on Cromarty Firth that could be powered by green hydrogen.Green hydrogen will be generated at the Nigg site and used to power heavy plant…

Scottish regional development agency, Highlands and Islands Enterprise (HIE), has approved an investment of up to £8.3m in Scottish Government funding for an £18.9m project to develop the East Quay at Global Energy Group's Port of Nigg facility.The project is aimed at helping the Highlands and Islands economy benefit more from the growth in renewable energy development, as well as meeting the needs of GEG's existing clients.Once completed, the new facility is projected to bring…

UK-based Envoy Group has acquired a marine engineering company, Avantis Marine, to target carbon reduction and clean energy solutions for offshore markets.Avantis specializes in marine engineering with a focus on environmental performance and clean technologies for the shipping, oil and gas and passenger transport markets. The business is headquartered in the Marshall Islands, and operates from bases in the UK, Monaco, Dubai, Singapore and Miami. Iain MacGregor, CEO of Envoy, a 2019 spin-off from oilfield service company Global Energy Group…

Global Energy Group's Port of Nigg facility has announced the arrival of the heavy-lift vessel OHT Osprey with the first eight of what will be 103 jacket structures for the Moray East Offshore Windfarm project for DEME Offshore.The Port of Nigg was chosen as the foundation staging port for the construction of the 950MW offshore wind farm which will see 100 turbines and 3 offshore substation platforms being installed.Global Energy Group's Chairman Roy MacGregor said: "It has always…

The Offshore Rig Market – At $30 Oil Offshore Drillers May Be Out of OptionsCOVID-19 and low oil prices are already having an impact on the offshore rig market as contractors face crew and logistical challenges and E&Ps attempt to prioritize drilling campaigns.Contract scrutiny has already led to a few contract cancellations and the first claims of force majeure.However, contract options are at most risk. Over $1.6 billion in contract value is at stake for options that are due to be exercised this year.

Global Energy Group has reached an agreement with Repsol Sinopec Resources UK to take over the long-term operation of the Nigg Oil Terminal jetty under a new lease with Crown Estates Scotland.Since cessation of production from the Beatrice oil field, Repsol Sinopec has been exploring reuse options for the facilities at Nigg Oil Terminal, including the jetty.Under the agreed deal, the jetty will be operated as an extension to the Port of Nigg which has already established itself as a leading deep-water port servicing oil and gas, offshore renewables and the wider energy markets.The addition of berthage with even deeper water extends the capability of the Port and is already attracting interest from mobile drilling operators…

Global Energy Group (GEG) has won an offshore wind contract worth up to GBP12 million.GEG's Port of Nigg facility, on the Cromarty Firth in the Highlands, will handle the jacket foundation structures for the Moray East offshore wind farm."Global’s Port of Nigg has been earmarked to provide the services of the Port for receipt of completed jacket structures, that will be installed in the Moray Firth as foundations for the wind turbines. This will be the third success for the Cromarty Firth, after Port of Cromarty Firth at Invergordon announced a few months ago, their award for marshalling works for the turbines and piles for the same project…

Finalists for the Offshore Achievement Awards 2019 have been revealed last week.The annual awards, which are hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, give recognition to the best talent, performance and innovation in the offshore energy industry. The award is supported by principal sponsor TAQA.This year’s shortlist recognises exceptional companies, both large and small, ground-breaking technological developments and individuals who go above and beyond in the sector.Over 90 entries were received…

The world’s most important oil growth region – the Permian Basin – will experience a setback with 345 completions likely to be deferred by the end of 2019 due to pipeline takeaway capacity constraints, according to a new US Drilling & Completion report from Westwood Global Energy Group (Westwood).The report predicts that all the supply chain logistics and capital, which were allocated towards 345 expected completions, will now have to find either new buyers or be stored in a warehouse for a considerable period resulting in additional inventory and maintenance costs.Westwood expects 2.5 million tons of sand and 5 billion gallons of water will be directly impacted by the deferred completions.

Renewed optimism is the theme for exploration in 2018, driven by higher oil prices and improving exploration performance. The cost of exploring has fallen more than 50% since 2013/14 and there are fewer companies competing for acreage, said a research report by Westwood Global Energy Group. It could be argued that there has not been a better time to be exploring in the last decade. The geology economic to explore increases considerably above $60/barrel and in the first quarter of 2018 the oil price averaged $67/barrel. Success rates have improved as lower exploration budgets have led to companies being more selective. The effort and money expended on finding another large deep water oil province in the Atlantic Margins has finally borne fruit in Guyana.

Freight rates for very large crude carriers (VLCCs) on Asian routes from the Middle East could fall to a new low for the year next week as too many ships chase the number of available cargoes, ship brokers said on Friday. That came as average rates from the Middle East to Asia have fallen close to last year's low. Average rates dropped to around 32.50 on the Worldscale measure on Sept. 23, 2016, equivalent to about 42.75 this year after Worldscale rates were recalculated for 2017.

International industrial cleaning contractor Sureclean completed its largest project to date providing services in support of the Haewene Brim FPSO, Brynhild Project modification and upgrade. Through its relationship with Global Energy Group, Sureclean was contracted to carry out work on the Haewene Brim FPSO whilst it was situated in the dry dock at Nigg Energy Park, Ross-shire for modification and upgrade work from July-November 2013. Over the course of this project, Sureclean…