Woodside to Boost Vincent Crude Quality to Ride VLSFO Demand
Woodside Petroleum will improve the quality of Vincent crude by increasing its flash point from July so that it can be blended into very low sulphur fuel oil (VLSFO) and capture higher premiums, two sources told Reuters.Among crude grades, heavy sweet oil, with higher density and less sulfur, is most suitable for blending into VLSFO that meets the new marine fuel sulfur regulations dubbed IMO 2020. However, crude with a low flash point could ignite easily and can cause engine issues.The increase in the flash point will be made possible by shutting in the Cimatti field off Western Australia…
Santos Boosts Van Gogh Production
Australian producer Santos announced Tuesday that it has achieved first oil from the Van Gogh infill project, marking the completion of a two-well program to increase production from the field.The Santos-operated Van Gogh field is one of three subsea oil field developments located in the Exmouth Basin, offshore Western Australia, which tie into the floating production, storage and offloading vessel (FPSO), the Ningaloo Vision.The infill project began in September and involved drilling and…
Eurus Acquires Nine Dutch Wind Farms
Japanese renewable energy company Eurus Energy Holdings Corporation has acquired nine operational wind farms located in the Netherlands, with a combined capacity of 72.5 MW, developed and managed by Dutch-based developer of wind energy projects YARD ENERGY. The two companies have also agreed to expand their collaboration for the development and realization of new wind projects. This is the second transaction between Eurus and YARD in a month, following another acquisition by Eurus of two wind projects in Finland, bringing the total acquisitions to 100 MW.
