Floating Production – A Growing Segment in Transition
The specialized deepwater oil & gas and floating offshore wind segments will share many of the same stakeholders and supply chains, competing for increasingly scarce resources.To receive a full version of Inteletus analysis, click hereThe established floating production segment is forecast to experience continued growth through this decade, driving demand for, among other things, moorings, subsea systems, umbilicals, risers, flowlines and the large anchor handlers and subsea support vessels that will install and maintain the elements.At the same time…
Vestas Wins 46 MW Order in Japan
Vestas has secured a 46 MW repowering order with Eurus Energy Holdings Corporation for Eurus Kamaishi Wind Farm in Iwate prefecture, Japan. The order includes supply and supervision of installation of 11 units of V117-4.2 MW wind turbines.Vestas will also deliver a multi-year Active Output Management 4000 (AOM 4000) service for the wind farm, providing an energy-based availability guarantee to ensure optimised performance and long-term business case certainty for the customer.“We are pleased to partner with Eurus Energy Holdings Corporation again and to provide our wind energy solutions for the project.
Markets: The Challenges of Developing Floating Wind at Scale
Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at least 24 gigawatts (GW) of floating wind capacity representing close to 1,500 floating turbines that will come on stream through 2030. And this will be soon followed by the award of at least 4 GW of capacity through the Celtic Sea floating wind auctions. The U.S.
Petronas Clean Energy Arm Sees India, Australia as Key in Rapid Growth Plans
Gentari, the clean energy arm of Malaysia's state oil firm Petronas, sees India and Australia as its key markets for growth and expects to tap more financing to meet its ambitious targets, its chief executive told Reuters.Petronas launched Gentari as a separate entity in June, aiming to build renewable energy capacity of 30-40 gigawatts and produce up to 1.2 million tonnes per year of hydrogen by 2030 in Asia Pacific.It also plans to establish 25,000 public charging points for electric vehicles.In an interview on Wednesday…
Offshore Wind: Floating Wind is the Future
$3 billion forecast to be invested in new anchor handlers to meet floating wind demand.Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 MW. By 2030, close to 11 GW of commercial scale wind farms are planned to be commissioned in Europe and the Asia Pacific Region. 2030-2035 will see a period a high commissioning activity as the USA joins established European and Asia Pacific markets.
Svanehøj Inks Deal to Supply Chinese LNG-import Terminal
In February 2023, Svanehøj Tank Control Systems will deliver the tank gauging system for COOEC’s six new LNG tanks for the Longkou Nanshan LNG Terminal which is under construction.Global investments in LNG are increasing, not least in China, which is currently constructing around 40 LNG tanks with the capacity of 220,000 cu. m. To secure the LNG storage, one of the largest EPCI contractors for offshore oil and gas industry in the Asia Pacific region, COOEC, has chosen Svanehøj Tank Control Systems to implement tank gauging system to improve safety on six new LNG tanks of 220…
Jurong Port, MHI and JERA Explore Plan to Build Ammonia Power Plant in Singapore
A consortium of Singapore and Japanese companies have signed an initial agreement to build a power plant fuelled only by ammonia in the city state.Singapore's Jurong Port, Mitsubishi Heavy Industries Asia Pacific (MHI-AP) and JERA plan to build the 60 megawatt (MW) gas turbine combined cycle plant on Singapore's Jurong Island, they said in a joint statement on Friday.Jurong Port and MHI-AP in August 2021 signed a memorandum of understanding (MoU) for a pre-feasibility study on ammonia direct combustion technology for green power generation which was concluded in March.The project aims to supply green el
Neptune Energy Targets 2030 to Store More Carbon Than It Emits
With increasing pressure on the oil and gas industry to cut its emissions footprint, Neptune Energy said it aims to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.According to the company, it is currently progressing a pair of carbon capture and storage (CCS) developments in the Dutch and UK sectors of the North Sea that it claims could store more than 9 million tonnes of carbon dioxide (CO2) emissions per year for third parties by the end of this decade…
ConocoPhillips Beefs Up Stake in Australia Pacific LNG
ConocoPhillips has completed the acquisition of an additional 10% stake in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion. After customary closing adjustments, cash paid for the additional interest is approximately $1.4 billion (AU$2.0 billion). The transaction resulted from the exercise of ConocoPhillips’ preemption right and is funded from cash on the company’s balance sheet.ConocoPhillips now owns a 47.5% interest in APLNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively.
Exxon to Lay Off 300 Workers in Singapore
Exxon Mobil Corp plans to cut its workforce in Singapore, home to its largest oil refining and petrochemical complex, by about 7% amid the "unprecedented market conditions" resulting from the COVID-19 pandemic, it said on Wednesday.About 300 positions out of 4,000 current jobs will be impacted by the end of 2021, the company said in a statement.The Singapore layoffs come weeks after Exxon announced its plan to close its 72-year-old Altona refinery in Australia and convert it to an import terminal. The top U.S.
Construction Starts for Asia's Largest Offshore Wind Blade Manufacturing Facility
Taiwanese company Tien Li Offshore Wind Technology has started construction on 210,000 square meter facility in Taichung Harbour to supply offshore wind blades to Taiwan's growing offshore wind industry.Tien Li is one of key local supply chain partners of wind turbine builder MHI Vestas, which this week shared the news on the start of construction of Tian Li's black manufacturing facility.Both production and storage facilities are being developed for the mass manufacture of blades to be installed at offshore projects in Taiwan and eventually…
Gastech Postponed for 2021
Gastech, one of the world's largest gas, LNG and energy industries events has been postponed for 2021 due to the COVID-19 pandemic.The event was expected to take place in Singapore in September this year, however, the organizers have now decided to delay the event to September 13 to 16, 2021.Organizers dmg events said the decision had been based on concerns around the global pandemic, accessibility and for the wellbeing of speakers, delegates, exhibitors and visitors. Nick Ornstien, Vice President Energy for dmg events…
Fugro IOVTEC Wins Survey Work at Hai Long Wind Farm Sites
Fugro IOVTEC, a JV between Dutch Fugro and Taiwan's IOVTEC, has secured an offshore geotechnical site investigation project in Taiwan for the Hai Long 2 and Hai Long 3 offshore wind farms. The Hai Long offshore wind farms are being co-developed by Northland Power Inc, Yushan Energy, and Mitsui & Co. Under the newly awarded contract, Fugro IOVTEC will acquire Geo-data at 32 wind turbine locations and the site investigation will be carried out in two phases: seabed and downhole. The seabed phase will be performed using Fugro’s SEACALF continuous drive system.
LOC to Provide MWS Services for Ørsted Taiwan Offshore Wind Farms
Danish offshore wind developer Ørsted has contracted LOC for the provision of Marine Warranty Survey services (MWS) for the Greater Changhua 1 & 2a offshore wind farms in Taiwan.Under the agreement, LOC will provide MWS services for the transportation & installation of the export and array cables. The cables, including 95 inter-array cables and 16 platform connector cables, will be fabricated in South Korea and transported to Taiwan.The Greater Changhua 1 & 2a offshore wind farms will be located 35-60 kilometers off the coast of Changhua County…
MHI Vestas Sourcing Blade Components from Local Taiwan Suppliers
Offshore wind turbine specialist MHI Vestas which has recently awarded contracts to supply wind turbines for offshore wind projects in Taiwan, has signed a deal with Swancor to source wind turbine blade materials locally in Taiwan."In another step forward for MHI Vestas’ industry-leading localization plans in Taiwan, the company has confirmed a purchase agreement with Swancor to source several key blade manufacturing components locally. This contract strengthens Swancor’s presence in the offshore wind sector…
Orsted Hopes COVID-19 Will Not Slow Japan's Offshore Wind Projects
Orsted, the world's largest offshore wind farm developer, is concerned the coronavirus may delay auctions for offshore projects as it prepares to enter the market, the head of its Asia-Pacific unit said. "The pandemic will not influence investment decisions and general confidence in offshore wind, but it could delay the projects' timeline," Matthias Bausenwein, president of Orsted Asia-Pacific, told Reuters in a telephone interview. "We hope that we won't see any major delays," he said.
MHI Vestas Eyes Further Asia Pacific Growth. Appoints Regional Manager
Offshore wind turbine specialist MHI Vestas has appointed Masato Yamada as Regional Manager Asia Pacific to facilitate broader growth across the region.The company, a joint venture between Denmark's Vestas and Japan's Mitsubishi Heavy Industries, said Wednesday Yamada would oversee the company’s growth across the Asia Pacific region. He was formerly the company’s Chief Strategy Officer based in Aarhus, Denmark, and will now be based in MHI Vestas’ Tokyo office."Mr. Yamada has been with…
Vestas Scores More Offshore Wind Farm Work in Vietnam
Danish wind turbine maker Vestas has won an order to deliver V150-4.2 MW wind turbines to be installed in Vietnam's Mekong Delta and has also secured a 20-year service contract - the longest such contract in Vietnam for a wind turbine manufacturer."Maintaining its successful momentum with 200 MW order intake in Vietnam last year, Vestas has now secured its fourth intertidal project in the country with a 29 MW order with Sigma Engineering Joint Stock Company," Vestas said Friday.The Ben Tre V1-3 wind project will be located in Ba Tri District of Ben Tre Province in the Mekong Delta region of Vietnam.
Chevron Lummus Global Lands 'Sizeable' Deal with Asian Refiner
Oilfield services firm McDermott International has informed that its Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a sizeable contract by a Southeast Asian refiner.The contract is for for the license, engineering, and supply of proprietary catalyst and equipment for its Lubricant Base Oil Group II Project to be built in Southeast Asia. McDermott defines a sizeable contract as between USD $1 million and USD $50 million.The new 5,200-barrels-per-day unit will employ CLG's state-of-the-art lubricant base oil technologies for premium lube base oil production.
Ørsted, TEPCO in Offshore Wind JV
Japan's largest power company TEPCO, and Danish offshore wind farm developer Ørsted, have set up a joint venture company.The JV company, named Choshi Offshore Wind Farm K.K., has been formed with the intention of working towards a joint bid in the Choshi-city offshore wind promotion area. The two companies have since January 2019 been working together to establish a framework and organizational structure for joint development of the Choshi Offshore Wind Project.TEPCO and Ørsted, having formalized their collaboration to develop the Choshi Offshore Wind Project…
