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…
Tidal Power Firm gets Funding from Scottish Gov't
Tidal energy developer MeyGen Ltd has been awarded a £1.545 million grant from the Scottish Government's Saltire Tidal Energy Challenge Fund.The proceeds will be used to develop a subsea tidal turbine connection hub for the next phase of development of the MeyGen tidal power array, the world's largest tidal stream power project, SIMEC Atlantis Energy, the parent company of MeyGen Ltd.
WFW Advises on Race Bank Wind Farm Deal
Watson Farley & Williams (WFW), an international law firm based in London, said that it has advised Race Bank Wind Farm Limited on its USD 608 million sale of transmission system assets relating to the 573 MW Race Bank offshore wind farm to Diamond Transmission Partners.Race Bank is a joint venture owned by Ørsted (50%), Macquarie European Infrastructure Fund 5 (25%)…
Scotland to Power Ferries with Hydrogen
Ferries serving the Western Isles and West Coast of Scotland could soon be powered by hydrogen generated from onshore island wind power, according to a newly published feasibility study.The Scottish Western Isles Ferry Transport Using Hydrogen (SWIFTH2) project, which was led by the Point and Sandwick Trust in collaboration with seven industry partners including Wood…
Petronas Sets Up Team for Renewables Push
Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday.Petronas has expressed interest over the last year to diversify into renewables amid low oil prices. In March, Chief Executive Wan Zulkiflee Wan Ariffin said Petronas…
Sempra Energy Signs New Mexican LNG Terminal
Sempra Energy, the US group that aims to build a liquefied natural gas (LNG) export facility near Ensenada, Mexico, to serve customers in Asia moved closer to becoming reality as the natural gas utilities holding company announced agreements with three international firms.The San Diego-based company announced in a press release that that its subsidiaries Infraestructura…
Oil Could Rise to $100 by 2019
Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore.Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the U.S. sanctions against Iran by the end of the fourth quarter this year…
Record Breaker: AAL Delivers for Offshore Wind
AAL reports that it has completed three sailings into Adelaide with 45 windmill blades, turbine generators and other related components on each sailing, destined for the new AGL Silverton Windfarm in the Barrier Ranges of New South Wales. Comprising 58 turbines, the windfarm will produce 200MW (780,000 MWh of renewable energy) each year. At 63 meters in length, the blades carried by AAL are the longest ever to be shipped into Australia.
U.S. DOE Balks at Trump Request for Names on Climate Change
The U.S. Energy Department said on Tuesday it will not comply with a request from President-elect Donald Trump's Energy Department transition team for the names of people who have worked on climate change and the professional society memberships of lab workers. The response from the Energy Department could signal a rocky transition for the president-elect's energy team and potential friction between the new leadership and the staffers who remain in place.
US Offshore Regulator to Unveil Tougher Environmental Safeguards
The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs, an agency executive told Reuters. Under the new guidelines, the Bureau of Ocean Energy Management (BOEM) will demand additional…
BMO Taps Roberts to Head Part of US Energy Team
Bank of Montreal said on Wednesday it has tapped Geoff Roberts to lead the U.S. acquisitions and divestitures practice of its global energy group. Roberts, who prior to this ran his own advisory services firm, is being tasked with a role that will likely involve strengthening and rebuilding BMO's A&D team in the United States. The team facilitates the buying and selling…
How Russia Was Warned Against Oil Output Cut as Prices Dived
As Russia prepares to meet OPEC next week, a briefing paper from a Moscow think tank has shed light on how the government was warned against cutting oil output late last year even though global prices were plummeting. Speculation was rife that Russia and the oil exporters' cartel might strike a production deal to arrest the slide when Energy Minister Alexander Novak met his Saudi Arabian counterpart last November.
First ‘round 3’ Wind Turbine Installed at Westermost Rough
The UK’s first commercial 6 megawatt (MW) wind turbine has been installed at the Westermost Rough wind farm, in a new landmark for renewable energy. The next generation machine, designed by Siemens and erected by DONG Energy, is the first of 35 at the 210MW North Sea project. It is hoped that the ‘round 3’ turbines, with their greater output, will help cut costs for the offshore wind sector.
Veteran Energy Consultant Besland Joins AlixPartners
Business advisory firm, AlixPartners say that Louis Besland has joined the firm’s global Energy Practice as a managing director and will be based in the consultancy's Dubai office. AlixPartners add that Besland has deep experience in the worldwide oil, gas and chemical sectors. In total, he brings 27 years of consulting experience to his new position, including, in addition to his expertise in energy…
