tag:blogger.com,1999:blog-14643884078379779562024-03-08T17:27:41.049+00:00Crude Oil Brokers BlogThe Blog of Professional Global Crude Oil Brokers.Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.comBlogger1721125tag:blogger.com,1999:blog-1464388407837977956.post-65483614789256254902021-06-29T23:28:00.005+01:002021-06-29T23:28:48.268+01:00Engineering Firm Wood to Pay $177M to Settle Amec Foster Wheeler's Brazil Bribery Case<div><img src="https://images.oedigital.com/images/maritime/w800/creditluanadobestock-123988.jpg" class="ff-og-image-inserted" /></div>
<p>UK-based engineering firm John Wood Group, also known as Wood, on Monday said it had reached agreements with authorities in the UK, Brazil, and the U.S. to resolve their respective bribery and corruption investigations into the past use of third parties in the legacy Amec Foster Wheeler business.</p>
<p>The U.S. Department of Justice last week that Amec Foster Wheeler, a subsidiary of John Wood Group plc (Wood), had admitted to paying bribes to officials in Brazil in exchange for an approximately $190 million contract to design a gas-to-chemicals complex.</p>
<p>According to the company’s admissions, as cited by DoJ, between 2011 and 2014, Amec Foster Wheeler conspired with others, including an Italian sales agent affiliated with a Monaco-based intermediary company, to pay bribes to decision-makers at Petrobras in order to win an approximately $190 million contract from Petrobras to design a gas-to-chemicals complex in Brazil called Complexo Gás-Químico UFN-IV. </p>
<p>The company, through certain of its employees and agents, took acts in furtherance of the scheme while located in New York and Texas, and earned at least $12.9 million in profits from the corruptly obtained business, the DoJ said.</p>
<p><strong>$177 million</strong></p>
<p>Under the terms of the settlement agreements announced by Wood on Monday, Wood agreed to pay compensation, disgorgement and prejudgment interest, fines, and penalties totaling $177 million. </p>
<p>The payment will be phased over the next three years with approximately $62 million to be paid in the second half of 2021, and the remaining amount will be paid in installments in 2022, 2023, and 2024. </p>
<p>"The resolutions relate to historical conduct which occurred before Amec plc acquired Foster Wheeler AG in November 2014 and prior to the combined firm's acquisition by Wood in October 2017. Wood cooperated fully with all authorities in their investigations, which is reflected in the cooperation credit that Wood received from the authorities in their respective resolutions," Wood said.</p>
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<p>In relation to the UK, a three-year deferred prosecution agreement ('DPA') relating to the use of third-party agents for bribery and corruption in five countries by Foster Wheeler has been agreed with the SFO and was the subject of a preliminary Crown Court hearing Monday. Wood and the SFO will seek final judicial approval of the DPA from the Court on 1st July 2021.</p>
<p>Wood has also entered into a three-year DPA with the U.S. Department of Justice DOJ, a cease & desist order with the SEC, and leniency agreements with a term of 18 months with the Brazilian authorities, all in relation to the historical use of third-party agents for bribery and corruption in connection with winning a project in Brazil.</p>
<p>"Assuming that final judicial approval is received in the UK, it will officially conclude these investigations into the legacy Amec Foster Wheeler business," Wood said.</p>
<p><strong>Robin Watson</strong>, Chief Executive, Wood, said: "The investigations brought to light unacceptable, albeit historical, behavior that I condemn in the strongest terms. Although we inherited these issues through acquisition, we took full responsibility in addressing them, as any responsible business would. </p>
<p>"Since our acquisition of Amec Foster Wheeler, we have cooperated fully with the authorities and have taken steps to further improve our ethics and compliance program from an already strong foundation. I'm pleased that, subject to final court approval in the UK, we have been able to resolve these issues and can now look to the future."</p>
<p><strong>Roy Franklin</strong>, Chair, Wood, said: "The historical conduct that led to these investigations does not reflect the values of Wood that unite us as a global team. The resolutions underline why we attach such importance to upholding the highest standards of ethics and compliance in all parts of the world where we operate, and why we continue to invest in strengthening our governance in this area."</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-63172495715458482072021-06-29T23:28:00.003+01:002021-06-29T23:28:47.748+01:00Enauta's Output Doubles as Barra Exits Atlanta Field Offshore Brazil<div><img src="https://images.oedigital.com/images/maritime/w800/petrojarl-credit-teekay-123985.jpg" class="ff-og-image-inserted" /></div>
<p>Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. </p>
<p>Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its <strong>partner Barra Energia to exit the field located in the Santos Basin.</strong></p>
<p>The Atlanta Field currently produces via two wells connected to Petrojarl I FPSO, with plans for a third well to resume operations in the coming weeks. </p>
<p>Following the acquisition of Barra's stake, the oil production reported by Enauta will double from around 9,000 to 18,000 barrels of oil per day immediately, achieving nearly 22,500 barrels of oil per day after the entry of the third well, which will represent an all-time high oil production for Enauta, the company said.</p>
<p>Additionally, Enauta said that activities were underway to expand the water treatment capacity of the FPSO and increase oil production, with the first phase expected to be concluded by the end of this year. </p>
<p>"Furthermore, Enauta is evaluating the possibility of anticipating the drilling of the fourth well in the Field," it added.</p>
<p>Also, Enauta said Barra would pay it $ 43.9 million for the future abandonment of operations for the three wells and the decommissioning of existing facilities in the Atlanta Field this month.</p>
<p>Teekay Petrojarl I, the FPSO currently at the field, had spent almost three decades working in the North Sea, before moving to Brazil, where it started production at the Atlanta field in 2018.</p>
<p>Enauta said earlier this year that it was working to further develop the field via a new FPSO for which it launched a tender in March.</p>
<p>Enauta in March said it expected the bidding process for the full field development FPSO would take 10 to 12 months to complete, with companies with proven experience in developing similar projects invited to take part.</p>
<p>The bidding considers an FPSO with a capacity to process 50 thousand barrels of oil per day, to which 6 to 8 producing wells will be connected, including the 3 wells already in operation in the Early Production System (EPS).</p>
<p>According to Enauta, the bidding process considers the adaptation of an existing FPSO, which has never been deployed, made possible by an exclusive agreement for 12 months with an option to purchase signed by Enauta.</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-1471838574659528532021-06-29T23:28:00.001+01:002021-06-29T23:28:47.128+01:00Shell Takes Technical Developer Role at Acorn CCS Project<div><img src="https://images.oedigital.com/images/maritime/w800/credit-acorn-123976.png" class="ff-og-image-inserted" /></div>
<p>Oil and gas major Shell is taking the role of Technical Developer for the Acorn Carbon Capture and Storage (CCS) Project in Scotland, the partners in the project said Tuesday.</p>
<p>The carbon capture and storage project in the UK, run by Storegga, Shell, and Harbour Energy, includes the CO2 capture project at St Fergus and the transport and storage project which will transport CO2 offshore from St Fergus through the existing Goldeneye pipeline to the Acorn CO2 Storage Site – a large volume of sandstone rock, found over 2.5km under the seabed, approximately 100km offshore from St Fergus.</p>
<p><span>As Technical Developer, Shell will be assuming responsibility for the technical planning and execution of these CCS projects using its capability and experience in major infrastructure developments. </span></p>
<p><span>"These projects establish St Fergus as the hub for the Scottish Cluster as a key enabler in the transition to low carbon energy, and create growth potential for future CO2 transportation and storage," the partners in the project said.</span></p>
<p>Storegga, through its subsidiary Pale Blue Dot Energy, will continue as the Lead Project Developer for Acorn.</p>
<p>Based at the St Fergus gas terminal in North East Scotland, Acorn CCS plans to repurpose existing gas pipelines to take CO<sub>2</sub> directly to the offshore storage site.</p>
<p>Acorn CCS Phase One would see around 300,000 t/yr of existing CO2 emissions from the St Fergus gas terminal captured, dried, compressed and sent through the Goldeneye pipeline to be injected into the offshore site.</p>
<p>According to information on the project's website, the first phase of Acorn CCS offers a low capital cost start, that can be delivered by the mid-2020s – establishing the critical CO<sub>2</sub> transport and storage infrastructure required for the wider Acorn build-out including Acorn Hydrogen and the import of CO<sub>2</sub> to St Fergus from ships at Peterhead Port and from Scotland’s industrial Central Belt.</p>
<p>The project is funded and supported by industry partners (Storegga, Shell and Harbour Energy), the UK and Scottish Governments and the European Union. It is led by Storegga's Pale Blue Dot Energy with Shell now working as the Technical Developer for the Acorn CCS Project.</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-45927503558458504392021-06-29T15:28:00.017+01:002021-06-29T15:28:31.376+01:00Norway: Equinor's Breidablikk Field Development Plan gets Approval<span class="date">June 29, 2021</span>
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<p>The Norwegian government has approved Equinor's plan for the development and operation of the Breidablikk field in the North Sea, off Norway.</p>
<p>Equinor estimates it will take around NOK 18.6 billion (around $2,17 billion) to develop the field. Production from the field is scheduled to start in the first half of 2024.</p>
<p>Equinor and its partners Petoro, Vår Energi, and ConocoPhillips Skandinavia, filed the development plans for the area to the authorities in September 2020. The estimated recovery from the field is around 200 million barrels of oil.</p>
<p>"The development of one of the largest undeveloped oil discoveries on the Norwegian continental shelf (NCS) will create substantial value for Norwegian society and the owners, while securing high activity and jobs for many years ahead,” says <strong>Arne Sigve Nylund,</strong> Equinor’s executive vice president for Projects, Drilling and Procurement.</p>
<p>Equinor said that 70% of the value creation in the development phase goes to Norwegian companies, and contracts totaling NOK 8 billion ($934,4 million) have already been awarded to companies in Norway.</p>
<p>The Breidablikk development will include a subsea solution of 23 oil-producing wells from four subsea templates. The field will be tied back to the Grane platform for processing before the oil is piped to the Sture terminal. The production will be monitored by digital tools from Equinor’s integrated operations center at Sandsli.</p>
<p>“There are still large resources left in the ground and we have a world-class infrastructure on the NCS. The Breidablikk development shows how a competent Norwegian petroleum industry keeps developing innovative, cost-effective and future-oriented solutions with good social economy,” says Kjetil Hove, Equinor’s executive vice president for Exploration and Production Norway.</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-20123992321176027442021-06-29T15:28:00.015+01:002021-06-29T15:28:30.635+01:00Vattenfall to Build Giant Warehouse for Wind Turbine Components in Esbjerg, Denmark<div><img src="https://images.oedigital.com/images/maritime/w800/credit-vattenfall-123979.jpg" class="ff-og-image-inserted" /></div>
<p>Wind farm developer Vattenfall said Tuesday it would build its largest warehouse in Northern Europe with critical main components and spare parts for wind turbines at the Danish Port of Esbjerg.</p>
<p>The 2,100 sqm indoor warehouse and an 8,200 sqm outdoor storage facility will serve wind farms in Great Britain, Scandinavia and Northern Europe when ready in 2022.</p>
<p>"It is from this central warehouse facility in Esbjerg that the major part of Vattenfall’s wind farms in Northern Europe will be supplied with critical main components such as gearboxes, generators, transformers, shafts and blades as well as the main components necessary for bringing the electricity on shore such as array cables and switchgear. The warehouse will be a supplement to the dedicated warehouses that will still serve the individual wind farms," Vattenfall said.</p>
<p>”The Port of Esbjerg is the ideal place for us to build such a warehouse due to its central location in Northern Europe and the professional way the port is operated. It will provide economies of scale compared to having vital main components stored at several smaller locations, and it is a central part of our ambition to see growth in wind farms across Northern Europe,” says<strong> Pia Bonding</strong>, Head of Integrated Operations at Vattenfall.</p>
<p>According to Vattenfall, the company is operating more than 1,300 onshore and offshore wind turbines in Northern Europe dispersed across farms from Northern Sweden over Denmark to Germany and the Netherlands. </p>
<p>"Already today, the farms are monitored from Vattenfall’s local control room in Esbjerg and in future the town will also be the hub for a central warehouse for these wind farms," the company said.</p>
<p><strong>Dennis Jul Pedersen</strong>, CEO of the Port of Esbjerg, said: "It was a condition for Vattenfall that the building was close to the quay. It is part of the port’s strategy to be able to deliver this type of solution, and the former ferry terminal has been laid out for this type of activity,” says.</p>
<p>The construction work will begin at the end of June this year, and is expected to be completed some ten months later. After that, the warehouse has to be stocked and made ready for operation in June 2022.</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-64841553064852714562021-06-29T15:28:00.013+01:002021-06-29T15:28:29.816+01:00Nigeria's Senate to Present Long-awaited Oil Overhaul Bill for Passage<p class="meta"><span class="" itemprop="author">Camillus Eboh and Libby George</span></p>
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<p>Illustration - Image by Jan/AdobeStock</p>
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<p>Nigeria's senate will present a long-awaited<span data-qa-component="highlight-text"> oil </span>overhaul bill to the full chamber for passage on Tuesday, according to an order paper seen by Reuters.</p>
<p>The president sent the bill to the National Assembly in September last year, and presentation to the full chamber means the senate is ready to pass the package, although the timeline of passage was not immediately clear.</p>
<p>The bill aims to modernize Nigeria's petroleum industry and attract a shrinking pool of global fossil fuel investment dollars. Observers had hoped the political alignment of the presidency and the National Assembly would break a cycle of failure that has stalked overhaul efforts for 20 years.</p>
<p>But the House has not updated its timeline for considering the bill, and sources told Reuters the chamber could be a bigger obstacle to quick passage.</p>
<p>There are demands for big changes to the bill, including from community leaders seeking an increased share of revenue, could push its passage into late this year.</p>
<p>(Reporting by Camillus Eboh and Libby George, writing by Libby George; Editing by Bernadette Baum)</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-64620318139872529142021-06-29T15:28:00.011+01:002021-06-29T15:28:28.970+01:00Shell Takes Technical Developer Role at Acorn CCS Proejct<div><img src="https://images.oedigital.com/images/maritime/w800/credit-acorn-123976.png" class="ff-og-image-inserted" /></div>
<p>Oil and gas major Shell is taking the role of Technical Developer for the Acorn Carbon Capture and Storage (CCS) Project in Scotland, the partners in the project said Tuesday.</p>
<p>The carbon capture and storage project in the UK, run by Storegga, Shell, and Harbour Energy, includes the CO2 capture project at St Fergus and the transport and storage project which will transport CO2 offshore from St Fergus through the existing Goldeneye pipeline to the Acorn CO2 Storage Site – a large volume of sandstone rock, found over 2.5km under the seabed, approximately 100km offshore from St Fergus.</p>
<p><span>As Technical Developer, Shell will be assuming responsibility for the technical planning and execution of these CCS projects using its capability and experience in major infrastructure developments. </span></p>
<p><span>"These projects establish St Fergus as the hub for the Scottish Cluster as a key enabler in the transition to low carbon energy, and create growth potential for future CO2 transportation and storage," the partners in the project said.</span></p>
<p>Storegga, through its subsidiary Pale Blue Dot Energy, will continue as the Lead Project Developer for Acorn.</p>
<p>Based at the St Fergus gas terminal in North East Scotland, Acorn CCS plans to repurpose existing gas pipelines to take CO<sub>2</sub> directly to the offshore storage site.</p>
<p>Acorn CCS Phase One would see around 300,000 t/yr of existing CO2 emissions from the St Fergus gas terminal captured, dried, compressed and sent through the Goldeneye pipeline to be injected into the offshore site.</p>
<p>According to information on the project's website, the first phase of Acorn CCS offers a low capital cost start, that can be delivered by the mid-2020s – establishing the critical CO<sub>2</sub> transport and storage infrastructure required for the wider Acorn build-out including Acorn Hydrogen and the import of CO<sub>2</sub> to St Fergus from ships at Peterhead Port and from Scotland’s industrial Central Belt.</p>
<p>The project is funded and supported by industry partners (Storegga, Shell and Harbour Energy), the UK and Scottish Governments and the European Union. It is led by Storegga's Pale Blue Dot Energy with Shell now working as the Technical Developer for the Acorn CCS Project.</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-74533209663634728142021-06-29T15:28:00.009+01:002021-06-29T15:28:28.344+01:00PXGEO Buys Fugro's OBN Subsidiary Seabed Geosolutions<p class="meta"><span class="" itemprop="author">OE Staff</span></p>
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<p>Seabed Geosolutions' Manta OBN - Credit: Seabed Geosolutions</p>
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<p>Offshore seismic surveyor PXGEO has completed the acquisition of Fugro's subsidiary Seabed Geosolutions, a company specializing in Ocean Bottom Node surveys.</p>
<p>"The acquisition includes a substantial ocean bottom node inventory, handling equipment, related technology, intellectual property and project backlog. In addition, a significant number of personnel responsible for the successful delivery of over 44,000 sq. km. of OBN projects have accepted employment with PXGEO," PXGEO said. It did not say how many people exactly had joined the company.</p>
<p><strong>Duncan Eley</strong>, CEO of PXGEO said: "This is a key milestone for PXGEO, enabling us to provide both towed streamer and OBN geophysical services to our global client base. The acquisition also brings an important portfolio of proprietary OBN technology to the company. </p>
<p>"PXGEO is currently engaged on two flagship projects: an OBN crew and assets deployed in South America; and the PXGEO 2, our 14-streamer seismic vessel, acquiring data on a 4D project in East Asia. Both projects have successfully mobilized and are well-positioned to deliver safe, efficient and high-quality outcomes for the respective clients," Eley said.</p>
<p>Fugro first announced the agreement to sell Seabed Geosolutions to PXGEO back in March.</p>
<p>The company at the time said the agreed price was $16 million.</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-71848152788027034692021-06-29T15:28:00.007+01:002021-06-29T15:28:27.707+01:00AqualisBraemar LOC Wraps Work on Sable Project in Canada<div><img src="https://images.oedigital.com/images/maritime/w800/photo-photographic-courtesy-exxonmobil-canada-123967.jpg" class="ff-og-image-inserted" /></div>
<p>AqualisBraemar LOC, energy and marine industry consultants, said Tuesday it had wrapped up its work on the Sable Project decommissioning and removal campaign off the coast of Nova Scotia, Canada.</p>
<p>The Sable Offshore Energy Project was developed in the late 1990s and produced more than two trillion cubic feet of natural gas and liquids before production finished on December 31, 2018.</p>
<p>AqualisBraemar LOC was appointed in 2017 by ExxonMobil to act as marine warranty surveyor to ensure the safe removal and transatlantic transportation of seven platforms including topsides and jackets with a combined total weight in excess of 45,000 mt.</p>
<p>The work was led and executed by AqualisBraemar LOC’s Canadian operation, with support from the group’s global decommissioning team including the UK, for the load-in operations.</p>
<p>"Over 6,000 hours in total were spent on the project, with the majority executed in 2020, in the midst of the pandemic. The last shipment arrived in the UK in early 2021. Ninety-nine per cent of the material will be recycled," AqualisBraemar LOC said.<br />
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Ewan Browell,</strong> Head of AqualisBraemar LOC’s Canadian operations said: "Sable was a large and complex project in that it consisted of seven platforms and subsea infrastructure at five different locations." </p>
<p>Dutch offshore installation and removal firm Heerema Marine Contractors, using its giant semi-submersible crane vessel Thialf, late last year said it had completed an eight-month-long campaign to remove the Sable Project’s offshore platforms for ExxonMobil in Canada.</p>
<p> The campaign entailed the Engineering, Preparation, Removal, and Disposal (EPRD) of seven platform topsides, seven jackets and 22 conductors. A total of five barge loads carrying Sable platform components, weighing approximately 48,000 metric tons, were towed across the Atlantic by the Heerema tugs Kolga and Bylgia.</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-75779006475101586892021-06-29T15:28:00.005+01:002021-06-29T15:28:26.983+01:00Spirit Energy's Morecambe Bay Platforms Arrive at CessCon Yard for Decommissioning<p>CessCon Decom, a Scotland-based firm specializing in decommissioning of oil and gas structures, has taken delivery of the DP3 and DP4 offshore platforms from Spirit Energy’s Morecambe Bay development in the East Irish Sea.</p>
<p>Allseas’ single-lift vessel Pioneering Spirit delivered the two topsides to CessCon Decom's Energy Park Fife Facility. The topsides were transferred to Allseas’ Iron Lady barge in the River Forth before being offloaded across the quay to the dismantlement area.</p>
<p>The contract to decommission, decontaminate, dismantle, and recycle the DP3 and DP4 assets involves the processing of up to 23,000 tonnes of material at our Energy Park Fife Decommissioning Facility in Fife, Scotland.</p>
<p>The DP3 and DP4 installations which previously produced part of Spirit Energy’s Morecambe Bay gas fields – installed in the 1980s – were removed from the East Irish Sea earlier this year after a campaign to plug and abandon the platforms’ 12 wells.</p>
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<p>The DP3 and DP4 offshore platforms first produced gas in 1985 when the South Morecambe field came online. The area continues to produce from the Central Morecambe, North Morecambe, DP6 and DP8 platforms.</p>
<p>Johan Paauwe, Project Manager at Allseas said: “While the DP3 and DP4 topsides are relatively light in contrast to Pioneering Spirit’s single-lift capacity, this project gave us another chance to showcase the vessel’s capability. The motion-compensated lift technology proved hugely effective in the shallow waters of Morecambe Bay, renowned for strong currents and challenging tidal conditions. For both topsides, it was a couple of hours from arrival in the field to safe execution of the lifts."<span class="fr-img-caption fr-fic fr-dib"><span class="fr-img-wrap"><img src="https://imagesedit.marinelink.com/images/storage/w600h400/credit-allseas-123531.jpg" /><span class="fr-inner" spellcheck="false">Credit: Allseas</span></span></span></p>
<p>“It’s the first time we’ve delivered assets to a yard in mainland Scotland for recycling. The first-class communication and synergy from all parties facilitated a safe and seamless load-in to the CessCon yard.”</p>
<p>Lee Hanlon, CEO of CessCon Group said: “Bringing the Pioneering Spirit to mainland Scotland for the first time was a significant achievement, the meticulous planning, and engineering by all parties ensured that the offload and set-down was executed safely, and on schedule. We will now commence dismantlement and recycling operations with a reuse and recycling target of 98% (by weight) of all materials, in line with our circular economy strategy, and we look forward to delivering a safe, efficient, and environmentally responsible project together with Spirit Energy and Allseas.”</p>
<p>Donald Martin, Decommissioning Projects Manager at Spirit Energy, said: “With some of the infrastructure in Morecambe Bay having been built by Scottish fabrication yards, it feels fitting that the first platforms to be removed from the East Irish Sea will now be decommissioned and dismantled by a new yard in Fife.</p>
<p>“It has been a collaborative effort from Spirit, Allseas, CessCon, and all of our supply chain partners to get to this point, and we look forward to seeing CessCon’s team at work as they recycle or reuse the vast majority of material from these two platforms.”</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-12838910218294391212021-06-29T15:28:00.003+01:002021-06-29T15:28:26.149+01:00Australia: Santos Starts Dorado Offshore Field FEED<div><img src="https://images.oedigital.com/images/maritime/w800/dorado-concept-credit-carnarvon-petroleum-123965.jpg" class="ff-og-image-inserted" /></div>
<p>Australian oil and gas company Santos on Tuesday announced the start of Front-End Engineering and Design (FEED) for the Dorado field development in the Bedout Sub-basin, offshore Western Australia. Contracts are expected to be awarded in the next few months, Santos said.</p>
<p>Dorado is an oil and gas project which is planned to be developed in two phases. Phase 1 development involves the production of oil and condensate through a well head platform (WHP) and floating production, storage, and offloading facility (FPSO). Phase 1 has an estimated gross capital cost of approximately US$2 billion, assuming a purchased FPSO, Santos said.</p>
<p>"The selected concept of an FPSO and WHP allows for the optimal integrated development of both the gas and liquids resource and retains sufficient flexibility to support future exploration success. Gas will be reinjected in the initial phase to enhance oil and condensate recovery," Santos said.</p>
<p>Phase 2 of the project located in Commonwealth waters, around 160 kilometers north of Port Hedland, will then develop the significant natural gas resources in the Bedout Sub-basin and provide future backfill supply to Santos’ current WA domestic gas infrastructure assets.</p>
<p>Santos Managing Director and Chief Executive Officer Kevin Gallagher said Dorado is expected to have an initial gross oil production rate of between 75,000 to 100,000 barrels per day of "high-quality crude that is expected to earn a premium to regional pricing benchmarks."</p>
<p>"Entering FEED for the Dorado project is a significant milestone and has the project on schedule for a final investment decision around mid-2022, building on the investment decision on the Barossa gas project earlier this year,” Gallagher said.</p>
<p>"Dorado is on track to be the first development in the Bedout Sub-basin, with its high-quality reservoirs and shallow-water setting, making it a very cost-competitive project globally.</p>
<p>“Dorado is also a very low CO2 reservoir with approximately 1.5 percent CO2, and with all gas reinjected in the initial phase, making it one of the lowest emission intensity oil projects in the region.</p>
<p>“After the initial phase of liquids production, gas export from the development allows for a future source of supply into our domestic gas infrastructure in Western Australia.</p>
<p>“Potential nearby tie-in opportunities, starting with the Pavo and Apus prospects to be drilled early next year, could be easily tied-back into the Dorado infrastructure and materially increase the value of the project, due to the very low cost of development,” Gallagher said.</p>
<p>FEED contracts for the FPSO and WHP design are being finalized and are expected to be awarded over the next few months, Santos said.</p>
<p>"This follows the competitive pre-FEED phase of the project where top-tier contractors have been engaged for these major work packages," the company said.</p>
<p>Santos has an 80 percent interest in the Dorado project and is the operator. The remaining interest is held by Carnarvon Petroleum.</p>
<p>To remind, Carnarvon in August last year said that the pre-FEED competition for the supply of an FPSO for the Dorado project was well advanced with BW Offshore, Modec, and Altera (formerly Teekay).</p>
<p>Santos is currently seeking interest from the market to sell down a non-stake in Dorado and potentially other WA oil assets.</p>
<p><span>Carnarvon, which owns a 20 percent stake, said it has engaged advisers to fund its share of the development and will formally engage with financiers once FEED contracts for the FPSO and WHP have been finalized. </span></p>
<p><span>"There continues to be strong market interest in the project. </span>Preparation of the Offshore Project Proposal and Field Development Plan is also well advanced," Carnarvon said.</p>
<p>Carnarvon Managing Director and CEO, Mr Adrian Cook, said: “The Dorado project is a world class resource and we are very pleased to commence FEED. This is an important step which has us on track to achieving a Final Investment Decision around mid-2022.”</p>
<p>“This will be the first development in Bedout Sub-basin, containing high-quality reservoirs and fluids in shallow water which we expect to result in strong returns for our shareholders. We are also on track to test two large exploration targets near Dorado that have the potential to materially<br />
add value to the Dorado project.” </p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-40968473503660728832021-06-29T15:28:00.001+01:002021-06-29T15:28:25.381+01:00Fred. Olsen Ocean, Shimizu in Offshore Wind Pact<div><img src="https://images.oedigital.com/images/maritime/w800/image-hareide-marinetraffic-123964.jpg" class="ff-og-image-inserted" /></div>
<p>Fred. Olsen Ocean (FOO), including its subsidiaries Fred. Olsen Windcarrier (FOWIC) and Global Wind Service (GWS), on Tuesday announced a partnership with Shimizu Corporation (Shimizu) to support growth and development in the offshore wind industry in Japan and worldwide. </p>
<p>"The partnership between these organizations marks an important milestone as it brings together FOO's specialist knowledge, experience and capabilities as a global leader in offshore wind turbine installations, and Shimizu's leading strengths in construction activities and in-depth knowledge of the Japanese market," FOO said.</p>
<p>"Together, the combined expertise, experience, assets, and related supply chains of these two organizations will be valuable for the development of offshore wind," FOO added.</p>
<p>Fred. Olsen Ocean highlighted Japan's ambitious targets to develop 10 GW of offshore wind power by 2030.</p>
<p>"As a clear indication of their commitment to help reach these goals, Shimizu will take delivery of its own jack-up installation vessel in late 2022," FOO said.</p>
<p>Under this partnership and exclusivity agreement, Fred. Olsen Windcarrier will be the leading partner for installation projects involving Shimizu's vessel outside Japan, while Shimizu will be the leading partner for installation projects within Japan. </p>
<p>"With a deep understanding of operating jack-up installation vessels, FOWIC will support Shimizu with the planning and execution of upcoming offshore wind project installations in Japan and support with training of key personnel for safe and efficient operation. FOWIC and GWS will be the preferred suppliers for Shimizu with FOWIC supplementing Shimizu vessel capacity in Japan when needed. For markets outside Japan, FOWIC will represent and market the Shimizu vessel," FOO said.</p>
<p>Alexandra Koefoed, Chief Executive Officer of Fred. Olsen Windcarrier, said: "We are very pleased to be working with such a renowned organization as Shimizu, and excited to be playing such an important role in Japan's renewable energy sector. There is great potential not only in the partnership of our two businesses, but also in what we can offer to the offshore wind industry." </p>
<p>Toru Yamaji, Vice President of Shimizu, said: "We could not have chosen a better partner to further our capabilities in the Japanese offshore wind market, and abroad. Together, Fred. Olsen Ocean and Shimizu will offer a breadth of specialist knowledge, assets and services for wind farm developers worldwide."</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-65677191034834513932021-06-28T22:28:00.003+01:002021-06-28T22:28:33.042+01:00Fugro Builds Geo-Data Platform for Atlantic Shores Offshore Wind<div><img src="https://images.oedigital.com/images/maritime/w800/illustration-credit-fokkeadobestock-123952.jpg" class="ff-og-image-inserted" /></div>
<p>Dutch offshore survey company Fugro has completed the first phase of a 2-year contract with Atlantic Shores Offshore Wind (Atlantic Shores) to build and manage a centralized, cloud-hosted Geo-data repository for Atlantic Shores' lease development off the coast of New Jersey in the US.</p>
<p>According to Fugro, the web-based engagement platform was recently delivered and uses Fugro’s Gaia technology to provide Atlantic Shores and its stakeholders with a single source of updated Geo-data and documentation. </p>
<p>"Fugro will maintain the Gaia solution until 2022 to help Atlantic Shores achieve streamlined decision‑making and an accelerated project schedule," Fugro said.</p>
<p>To develop the Geo-data repository, Fugro is integrating public datasets and historical project data with real‑time field data, including information from Fugro’s ongoing metocean, geophysical, geotechnical, and environmental programs, Fugro explained.</p>
<p>"The approach is facilitating real‑time tracking of the site characterization effort, along with an updated ‘digital twin’ ground model of the lease area. This information is accessible to project stakeholders 24/7 without the need for specialized software or GIS experience; it also includes a data deliverable portal for downloading post-processed datasets," Fugro said.</p>
<p><strong>Deanne Hargrave,</strong> Geoscience Manager for Atlantic Shores, said: “Atlantic Shores is thrilled to leverage Fugro’s Gaia solution for visualizing and sharing our wealth of geophysical, geotechnical, and environmental data internally with our project team and externally with our stakeholders. Engineering decisions are facilitated, enhanced, and expedited from the instant information access that Gaia provides to our team. This comprehensive data solution is advancing the way we work collaboratively and encouraging complete utilization of the valuable datasets.”</p>
<p><strong>Edward Saade</strong>, President of Fugro in the US, said: “We are pleased to expand our work with Atlantic Shores through this contract and look forward to demonstrating the value of truly integrated Geo-data products and services using Fugro’s Gaia technology for the offshore wind market. As a US industry leader, Atlantic Shores has the potential to make a significant impact to our country’s energy transition, work that aligns perfectly with our own purpose to help build a safe and liveable world.”</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-717870694255785582021-06-28T22:28:00.001+01:002021-06-28T22:28:32.460+01:00German Renewables Use Drops on Lower Wind Output<div><img src="https://images.oedigital.com/images/maritime/w800/creditbenoitgrasseradobestock-123945.jpg" class="ff-og-image-inserted" /></div>
<p>Renewable energy accounted for a smaller slice of German usage in the first half of the year as wind output fell, industry groups said on Monday, falling to 42.6% of the total, down 8.1 percentage points.</p>
<p>Onshore and offshore wind met 21% of demand, down from 28%, utility industry association BDEW and the Centre for Solar Energy and Hydrogen Research (ZSW) said in a joint statement.</p>
<p>The figures were calculated under EU requirements that base market share on usage rather than production, a basis also adopted by the Berlin government for its climate target definitions, they said.</p>
<p>Germany's power consumption overall in the six months rose by 5.5% to 285.5 billion kilowatt-hours (kWh).</p>
<p>Domestic electricity production increased 4.6% to 292.1 billion kWh, leaving Germany a net exporter, the data showed.</p>
<p>Renewable generation which along with wind includes solar, hydro, biomass, waste, and geothermal energy, contributed 121.7 billion kWh to the total, down 11.3% from a year earlier.</p>
<p>That included onshore wind at 48.1 billion kWh, down 20.6%, photovoltaic at 28.0 billion, up 1.5%, biomass at 22.2 billion, down 0.8%, and offshore wind at 11.7 billion, down 16.2%.</p>
<p>Conventional electricity production from nuclear, coal and gas delivered 170 billion kWh in the six months, up 19.7%.</p>
<p>Europe's biggest economy aims to cut carbon emissions by 2030 by 65% from 1990 levels under a target set last month that was raised from 55%. </p>
<p>(Reporting by Vera Eckert)</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-82995804251529734672021-06-28T13:28:00.003+01:002021-06-28T13:28:47.779+01:00Shell, RWE Hire Akselos to Build Digital Model of TetraSpar Floating Wind Foundation<div><img src="https://images.oedigital.com/images/maritime/w800/credit-stiesdal-123935.jpg" class="ff-og-image-inserted" /></div>
<p>Shell and RWE have hired Akselos <span>to model the TetraSpar floating wind foundation demonstrator, which will be installed offshore Norway later this year.</span></p>
<p><span>Akselos said it would use <span>Integra, "</span></span><span>the world’s most powerful structural simulation software," for the project.</span></p>
<p>"Akselos’ software will help accelerate the demonstration of the industrialized offshore foundation. The TetraSpar project aims to dramatically reduce the Levelized Cost of Energy (LCoE) for floating wind farms," Akselos said.</p>
<p>"The ‘Digital TetraSpar’ will interface with sensors on the structure and act as a detailed, holistic structural model of the demonstrator. The unique speed and scale of Akselos’ software means the behavior of the entire structure can be analyzed in near real-time. This will provide insights to drive further improvements in the design and operation of the concept, resulting in lower cost, optimized maintenance, and inspection workflows, among many other benefits," Akselos said.</p>
<p><strong>Michiel van Haersma Buma</strong>, VP Customer Success at Akselos, said: “This is a hugely exciting project to be involved in. Commercialization of floating offshore wind, which is vital to our ability to meet the targets set by the Paris Agreement, is hampered by the high cost of existing designs and subsequently operating them.</p>
<p>" The TetraSpar concept could completely change that and, by using Integra, the developers will be able to further optimize the design and accelerate validation. That will, in turn, be key to get the concept to market sooner. Akselos’ technology is a key enabler for the industrialization of floating offshore wind."</p>
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<hr />
<p>This is the second floating wind win for Akselos, with a structural digital twin already deployed on the WindFloat Atlantic project as part of a US Department of Energy grant.</p>
<p>“Shell is focused on identifying and developing the next generation technologies to help accelerate the energy transition,” said Steven Zijp, Project Engineer Offshore Wind at Shell. “The partnership between Akselos, TetraSpar, RWE, and Shell enables us to further scale and manage floating offshore wind turbines, making them safer and more cost-efficient, while allowing developers access to deeper and more challenging waters around the world.”</p>
<p>The TetraSpar floating wind foundation was developed by Stiesdal Offshore Technology, founded by Henrik Stiesdal, a Danish inventor and former Chief Technology Officer at Siemens Wind Power.</p>
<p>The TetraSpar Demo project is developed by Stiesdal Offshore Technology, TEPCO Renewable Power, Shell, and RWE. The project will be installed 13km from the coast at the Marine Energy Test Centre, near Stavanger, southeast Norway.</p>
<p>According to World Energy Reports, the floating wind installed capacity will reach between 8 to 10 GW by the end of this decade, and next decade WER expects to see more than 60GW of floating wind farms commissioned.</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-7833941211316749102021-06-28T13:28:00.001+01:002021-06-28T13:28:47.200+01:00Offshore Jacket Installed for Hollandse Kust (zuid) Transformer Platform<p>Dutch offshore installation company Heerema Marine Contractors has installed the 2,852-tonne jacket for TenneT's offshore transformer platform for Vattenfall's Hollandse Kust (zuid) offshore wind farm in the Dutch sector of the North Sea.</p>
<p>This is the second jacket of TenneT's offshore transformer platform for the wind farm. Located some 22 kilometers off the coast of The Hague, the jacket was placed on the bottom of the North Sea by Heerema's Sleipnir vessel, on behalf of main contractor Petrofac. </p>
<p>The jacket, on which the transformer platform will be placed had left the fabrication yard end of May in the United Arab Emirates, where it was built. The connection for the wind farms will be ready for use in 2022.</p>
<p>The jacket is 50 meters long, 34 meters wide, and 44 meters high and is anchored to the seabed by six piles, each weighing 162.5 tonnes. The 57.7 meters long piles were drilled 46.5 meters into the seabed. </p>
<p>The jacket was then attached to the piles. Together, this forms the foundation for one of the two transformer stations for the wind farm Hollandse Kust (zuid). The transformer platforms will have a capacity of 700MW each. The first jacket for the Hollande Kust (zuid) wind farm was installed in the North Sea in September last year. The wind farm is developed by Vattenfall, in co-ownership with BASF. </p>
<p>Offshore construction of the wind farm will start in July 2021. Once fully operational, the wind farm will be the largest offshore wind farm in the world with 140 wind turbines and a total installed capacity of 1.5 Gigawatt, Vattenfall has said.</p>
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<p>Back to the transformer platform, the superstructure will be lifted onto the first jacket at the end of this year. The topside of the second jacket is expected to follow early next year. Once the topsides have been lifted onto the jacket, the last systems will be connected, tested, and put into operation. The cables of the wind turbines will then be connected and the wind farm is expected to be fully operational in 2023.</p>
<p>The grid connection for Hollandse Kust (zuid) is located 22 kilometers off the coast of the Dutch province of South Holland. It consists of two transformer platforms at sea, each with two 220kV alternating current cables. The electricity is transported to land via these cables. </p>
<p>TenneT has built a new onshore transformer station there and is expanding the high-voltage 'Maasvlakte 380kV' substation. From this high-voltage substation, offshore wind-generated electricity will be fed into TenneT's Randstad 380kV South ring. </p>
<p>"The wind energy goes to the electricity consumers in the country via the national high-voltage grid," Tennet said.</p>
<p>"TenneT is realising 3.5GW of offshore grid connections for wind farms at sea until 2023. With the completion of Borssele Alpha and Beta, the first 1,4GW was realized in 2020. This will be followed by Hollandse Kust (zuid) Alpha and Beta and Hollandse Kust (Noord)," Tennet said.</p>
<p>For these wind farms, TenneT uses the same type of 700MW transformer platform five times, located close to a wind farm, and the same type of 220kV cable connection to the coast.<br />
<span class="fr-img-caption fr-fic fr-dib"><span class="fr-img-wrap"><img src="https://imagesedit.marinelink.com/images/storage/w601h186/hkz-grid-connection.png" /><span class="fr-inner" spellcheck="false">Credit: Tennet</span></span></span></p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-25360626285170489902021-06-25T17:28:00.017+01:002021-06-25T17:28:54.511+01:00TechnipFMC Pays Final Installment to Petrobras in Bribery Settlement Case<div><img src="https://images.oedigital.com/images/maritime/w800/petrobras-image-celso-pupoadobestock-123924.jpg" class="ff-og-image-inserted" /></div>
<p>Brazilian oil company Petrobras said Friday it had received the third and final installment from TechnipFMC-affiliated companies as part of a leniency agreement struck in 2019 to resolve anti-corruption investigations in Brazil.</p>
<p>Petrobras said Friday it had already received the first two installments of the agreement, in July 2019 and June 2020, totaling R$ 578.3 million (~$117,85 million). </p>
<p>The final installment by the Technip companies Technip Brasil and Flexibras amounts to R$271.1 million ($55,25 million).</p>
<p>"With these amounts, Petrobras exceeds the mark of R$ 6 billion [$1,22 billion] in funds recovered through collaboration, leniency and repatriation agreements. These reimbursements arise from Petrobras' status as a victim in the crimes investigated in Operation Car Wash," Petrobras said.</p>
<p><strong>Operation Car Wash</strong> has been described as Brazil's largest corruption scandal, in which government and business officials have been accused of taking bribes from services companies in exchange for hefty Petrobras contracts.</p>
<p>Back in 2019, when the leniency agreement was reached, the U.S. Department of Justice said that TechnipFMC, a global provider of oil and gas services, and its subsidiary Technip USA, Inc. (Technip USA), had agreed to pay a combined total criminal fine of more than $296 million to resolve foreign bribery charges with authorities in the United States and Brazil. </p>
<p>TechnipFMC is the result of a 2017 merger between two predecessor companies, Technip and FMC Technologies.</p>
<p>Per DOJ documents from 2019, the charges arose out of two independent bribery schemes: a scheme by Technip to pay bribes to Brazilian officials and a scheme by FMC to pay bribes to officials in Iraq. Technip USA and Technip’s former consultant pleaded guilty in 2019 in connection with the resolution. In 2010, Technip entered into a $240 million resolution with the Department over bribes paid in Nigeria.</p>
<p>According to admissions and court documents, as shared by the DOJ in 2019, starting in at least 2003 and continuing until at least 2013, Technip conspired with others, including Singapore-based Keppel Offshore & Marine Ltd. (KOM) and their former consultant, to violate the FCPA by making more than $69 million in corrupt payments and “commission payments” to the consultant, companies associated with the consultant and others, who passed along portions of these payments as bribes to Brazilian government officials who were employees at the Brazilian state-owned oil company, Petrobras, in order to secure improper business advantages and obtaining and retaining business with Petrobas for Technip, Technip USA, and Joint Venture. Also, Technip made more than $6 million in corrupt payments to the Workers’ Party in Brazil and Workers’ party officials in furtherance of the bribery scheme.</p>
<p>"[Petrobras] reaffirms its commitment to adopt the appropriate measures, in search of adequate compensation for the resulting losses that were caused. Petrobras is co-plaintiff with the Federal Prosecutor’s Office and the Federal Government in 21 ongoing administrative improbity actions, in addition to being an assistant prosecutor in 79 criminal actions related to illegal acts investigated by Operation Car Wash," Petrobras said Friday.</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-21966879393144456792021-06-25T17:28:00.015+01:002021-06-25T17:28:53.556+01:00Aibel Man Joins as Head of Norwegian Petroleum Directorate's Harstad Office<div><img src="https://images.oedigital.com/images/maritime/w800/einar-photo-aibelpaul-amundsen-123920.jpg" class="ff-og-image-inserted" /></div>
<p>The Norwegian Petroleum Directorate said Friday it had hired Aibel's Ole Einar Hass as the head of the office in Harstad. He will start this job on October 1. 2021.</p>
<p>Hass has management training from the Norwegian Armed Forces. He worked for the Norwegian Army for 19 years, including two deployments to Kosovo and Afghanistan. He finished up his career in the Armed Forces as an instructor at the Norwegian Military Academy in Oslo.</p>
<p>Hass, who has lived has lived in Harstad with his family since 2009, joins NPD from the Norwegian company Aibel, which specializes in the construction of facilities for offshore oil and gas and wind industries.</p>
<p>In Aibel, Hass has where he has held various management positions – with his main focus on maintenance and modifications on Norne, Aasta Hansteen and Snøhvit fields.</p>
<p>"I applied for the position primarily because I want to take part in the NPD's important social mission of administering the values the industry represents for the Norwegian society. I think I can contribute with my executive experience from the Armed Forces and Aibel, and perhaps even some of my expertise from the supplier side of the industry," he said.</p>
<p>"There are a lot of expectations for the industry, and perhaps not all of them have been met so far. I think coexistence and cooperation with other industries on the shelf, facilitating positive ripple effects for the High North and predictability for the players are important lines to follow," Hass said.</p>
<p>"At the same time, we have to contribute to protect the overall value potential that the Norwegian shelf represents for the various industries, and make sure that future generations can benefit from the good work we do today."</p>
<p>According to NPD, Hass said was not an easy decision to leave Aibel and the good team they've built up locally along with Equinor in Harstad.</p>
<p>"Nevertheless, I'm looking forward to starting this job and maybe having the opportunity to contribute to the industry to an even greater extent. At the same time, I'm very humble in the face of the knowledge and experience I see in the NPD employees, across an impressive range of disciplines."</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-82628845520667593002021-06-25T17:28:00.013+01:002021-06-25T17:28:52.450+01:00Chevron: No Plans to Shrink Oil & Gas Business<p class="meta"><span class="" itemprop="author">Liz Hampton</span></p>
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<p>Illustration: A Chevron platform in the U.S. Gulf of Mexico / Credit:steve coons/MarineTraffic.com</p>
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<p>U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions.</p>
<p>Major oil and gas producers are facing pressure from investors to lower greenhouse gas emissions and adapt their business to a lower carbon future.</p>
<p>Chevron's shareholders in May voted in favor of a non-binding resolution calling on the firm to cut emissions generated by the use of its products. That same day, a Dutch court ordered rival Royal Dutch Shell to deepen its emissions cuts and Exxon Mobil lost three board seats to an activist fund advocating for a strategy that addresses climate change.</p>
<p>Chevron will invest some $3 billion into lowering emissions between now and 2028 - a figure it expected to grow, Breber said at the Reuters Events Global Energy Transition conference.</p>
<p>Some $2 billion of that will go to address lowering carbon emissions in its own operations, while another $750 million will be allocated for renewable fuels such as renewable natural gas, he added.</p>
<p>Shell last week joined two Norwegian utility companies in a bid on the country's first offshore wind auction. Earlier this month, BP separately boosted its investment in renewable energy with the $220 million purchase of solar projects from 7X energy.</p>
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(Reporting by Liz Hampton in Denver; Editing by Nick Zieminski)</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-25117152216740030632021-06-25T17:28:00.011+01:002021-06-25T17:28:51.593+01:00'Millennial Milestone': Ørsted Installs 1000th Offshore Wind Turbine in UK<div><img src="https://images.oedigital.com/images/maritime/w800/credit-rsted-123915.jpg" class="ff-og-image-inserted" /></div>
<p>World's largest offshore wind developer Ørsted said this week it had installed its 1000th offshore wind turbine in UK waters.</p>
<p>"As part of the Hornsea Two offshore wind farm installation, the 16th turbine to be erected at site symbolizes the world leader in offshore wind’s millennial milestone," Ørsted said in a statement</p>
<p>The company, based in Denmark, has been building offshore wind farms in the UK since 2004 when it secured its first project, Barrow offshore wind farm.</p>
<p>According to Ørsted, Hornsea Two, where the 1000th turbine milestone was achieved, will, with its 165 turbines, become the world’s largest offshore wind farm once completed in 2022.</p>
<p>Duncan Clark, Head of Region UK for Ørsted said: “This is a significant milestone for the company, the industry, and the UK’s journey to a cleaner energy system. The UK is the world leader in offshore wind, with the largest installed capacity and projects like Hornsea Two are helping the country to make significant strides towards the Governments legally binding net-zero targets. </p>
<p>"The transformation we have seen since our first offshore wind installations 15 years ago is nothing short of incredible - with turbines more than doubling in size and cost of electricity generated dropping by more than half." </p>
<p>"When Hornsea Two is completed in 2022, our UK fleet of offshore wind farms will be capable of generating enough clean electricity to power more than 5.5 million homes.” </p>
<p>UK Business & Energy Secretary Kwasi Kwarteng said: “With the largest installed capacity in the world, the UK is a true world-leader in offshore wind. Ørsted’s significant milestone not only supports our climate commitments but demonstrates how far the UK has come in offshore wind in just 15 years, providing cheap, green energy to tens of thousands of homes and supporting good-quality jobs.” I</p>
<p>With a total of 12 complete offshore wind farms in the UK, Ørsted’s sites are able to produce enough green electricity to power over 4.2 million homes a year. This will rise to over 5.5 million homes when the company's current construction projects become operational. </p>
<p><strong>Hornsea Two</strong></p>
<ul>
<li>165 Siemens Gamesa 8MW turbines</li>
<li>Hornsea Two will have a capacity of 1.4GW and provide power to more than 1.3 million homes</li>
<li>Located approximately 89km off the Yorkshire coast in the North Sea</li>
<li>Hornsea Two will span an offshore area of 462km²</li>
<li>Landfall at Horseshoe Point</li>
<li>Becomes fully operational in 2022</li>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-59474974588484854682021-06-25T17:28:00.009+01:002021-06-25T17:28:50.717+01:00Malaysia: Handal Wins 5-year Crane Contract with ExxonMobil<p class="meta"><span class="" itemprop="author">OE Staff</span></p>
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<p>(File Photo: Handal Energy) The image has been cropped</p>
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<p>Malaysian offshore services provider Handal Energy has been awarded a crane services contract with ExxonMobil in Malaysia.</p>
<p>Under the contract, Handal Energy's subsidiary Handal Cranes will provide crane operation and maintenance services.</p>
<p>The contract is for five years, effective from June 14, 2021, until June 14, 2026.</p>
<p>"The Contract secured does not have any specified value as it is on a call-out basis whereby work order will be issued at the discretion of [ExxonMobil ] based on a schedule of activities throughout the duration of the contract," Handal Energy said Thursday.</p>
<p>According to ExxonMobil website info, in Malaysia, the company operates under four production sharing contracts (PSCs) with the Malaysian national oil company, Petronas, and produces around one-fifth of the country's oil production and about one-half of natural gas supplies to Peninsular Malaysia.</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-31964698171000799252021-06-25T17:28:00.007+01:002021-06-25T17:28:49.932+01:00PetroRio's Frade Field Plans Approved by ANP<p>Brazilian oil and gas company PetroRio has received regulatory approval for a revised development plan of the Frade oil field offshore Brazil.</p>
<p>The new development plan, approved by the national oil industry regulator ANP, allows the drilling of four production wells and three horizontal<br />
injection wells in the Frade Field. </p>
<p>The ANP also authorized the immediate resumption of water injection in two existing injection wells, until the beginning of the new injection wells’ operation (or one year).</p>
<p>The first phase of the Frade Field drilling campaign includes the drilling of one production well and two injection wells, expected to start between 4Q21 and 1Q22. </p>
<p>PetroRio became the operator of the Frade field when it in 2019 bought Chevron's 51.74% stake in the producing field - including the FPSO Frade - <strong>increasing its interest to 70%.</strong> It then, in October 2019, bought a further 18.3% stake from Japanese trio Inpex, Sojitz, and Jogmec.</p>
<p>PetroRio said that, after the completion of the drilling works at Frade, it plans to start working on the Wahoo development.</p>
<p>According to the reserve certification report published by DeGolyer & MacNaughton in 2021, the Wahoo Field has more than 125 million barrels classified as 1C resources, in addition to approximately 7 million 1C barrels to be added to the Frade Field, due to its life extension.</p>
<p>PetroRio previously said that the Wahoo base project would include the drilling of four producer wells and two injector wells and the tieback between the wells and the Frade FPSO. </p>
<p>Wahoo is located 30-35 km north of Frade, with a water depth of 1,400 m, and has a carbonate reservoir at the pre-salt layer at a depth of 5,000 to 7,000 meters. According to PetroRio's previous press statements, Wahoo oil is of excellent quality, with 30º API, low viscosity, and associated gas that will be used to generate energy for the Frade FPSO. First oil from the Wahoo field is expected in early 2024.</p>
<p> <span class="fr-img-caption fr-fic fr-dib"><span class="fr-img-wrap"><img src="https://imagesedit.marinelink.com/images/storage/w798h559/wahoo-bf73.jpg" /><span class="fr-inner" spellcheck="false">Credit: PetroRio</span></span></span></p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-77749842030721687712021-06-25T17:28:00.005+01:002021-06-25T17:28:48.968+01:00Fred. Olsen Renewables, Vattenfall Team Up to Bid for Offshore Wind Sites in Scotland<span class="date">June 25, 2021</span>
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<p>Credit: jmclellon/AdobeStock</p>
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<p>Fred. Olsen Renewables and Vattenfall said Friday they'd teamed up to jointly bid in the upcoming leasing round for offshore wind in Scotland.</p>
<p>Depending on the outcome of the bidding, the partners indicated they'd focus on maximizing value for the Scottish economy by developing a local supply chain that would bring long-term economic benefits to local communities.</p>
<p>Scotland’s upcoming offshore wind leasing round, “ScotWind”, will include up to 15 areas amounting to 10 GW in capacity. </p>
<p>Bids for lease options will be due in July, with an award of option agreements expected in Q1 2022. </p>
<p>Upon obtaining key consents and permissions from relevant authorities, an option can be exercised to obtain a lease for an offshore wind farm development.</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-52863639677060940622021-06-25T17:28:00.003+01:002021-06-25T17:28:48.019+01:00Denmark Pauses Offshore Wind Farm Tender as Seabed Conditions Could Make Installation Difficult<p>Danish Energy Agency has put on hold the tender for the 800MW-1,200MW Hesselø offshore wind farm, citing the need to further analyze the results of the preliminary site investigation, as soft clay formations have been found in the upper 20-30 meters below the seabed.</p>
<p>"This decision is due to the preliminary site investigations having revealed soft clay formations, especially the upper 20-30 m below the seabed, in large parts of the area selected for the [offshore wind farm ]. The results appear to indicate less favorable site conditions than initially specified in the fine screening report, which may cause technical challenges in relation to the installation," the agency said Friday.</p>
<p>"Currently, external consultants are conducting further laboratory analyses to fully assess the strength properties of the top soil in the area. These analyses are expected to be concluded in the fall of 2021 after which the DEA intends to initiate a new market dialogue to discuss the consequences of the results with the market players," DEA said.</p>
<p>Following the results of market dialogue and analyses, all input will be considered and the further tender process will be decided, the agency added.<br />
<span class="fr-img-caption fr-fic fr-dib"><span class="fr-img-wrap"><img src="https://imagesedit.marinelink.com/images/storage/w800h560/glvilbgvg49cdklqaj2i.jpg" /><span class="fr-inner" spellcheck="false"><em>The preliminary site investigations are conducted by the Danish TSO, Energinet. The map illustrates the estimated thickness of the soft clay based on preliminary data from 40 Cone Penetration Tests conducted within the 247km2 area. The colored map thus represents one of many gridded surfaces that fits the gathered data and the actual clay thickness may therefore deviate from the map illustration - Credit: DEA</em></span></span></span></p>
<p>Also, the Danish Energy Agency on Thursday published the final tender conditions for the tendering of Thor Offshore Wind Farm, which will be the country's largest.</p>
<p> "With the publication, all the basic elements of the tender are in place, and the bidders now have four months to prepare their final bid for the offshore wind farm," the DEA said.</p>
<p>Thor Offshore Wind Farm is the first of the three offshore wind farms decided as part of the Energy Agreement from 2018. Thor will be the largest offshore wind farm in Denmark and will be established at least 22 km off the coast at Thorsminde on Jutland's west coast</p>
<p>The offshore wind farm is tendered with the flexibility of 800-1000 MW. In addition, the grid connection from the wind farm to the shore is included in the tender.</p>
<p>Thor will be able to supply power to approximately one million Danish households. For comparison, Kriegers Flak, <strong>which is currently the country's largest wind farm</strong>, will have a production capacity of 604 MW and will be able to cover the annual electricity consumption of around. 600,000 Danish households.</p>
<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0tag:blogger.com,1999:blog-1464388407837977956.post-64894926846406305362021-06-25T17:28:00.001+01:002021-06-25T17:28:46.567+01:00Seismic Firm Polarcus Set for Business Wind-down, Delisting from Oslo Exchange<div><img src="https://images.oedigital.com/images/maritime/w800/vessel-previously-owned-polarcus-credit-123910.jpg" class="ff-og-image-inserted" /></div>
<p>Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange.</p>
<p>As previously reported, in January this year, lenders took control of the company's vessels after a debt payment default, and decided to sell them and let go all the employees.</p>
<p>On February 8, 2021, David Griffin and Andrew Morrison of FTI Cayman, and Lisa Rickelton of FTI London were appointed Joint Provisional Liquidators (JPL) of the struggling seismic services provider by an order of the Court. </p>
<p>Liquidators were specifically authorized by the Court to take all necessary steps to develop and propose a restructuring of the company’s financial indebtedness with a view to making a compromise or arrangement with the company’s creditors.</p>
<p>Since their appointment, the JPLs have negotiated the restructuring of the Convertible Bonds.</p>
<p>"Throughout the provisional liquidation, the Board, until their resignation on April 29, 2021, retained all powers of management conferred on it by the Order, subject to the appropriate and necessary oversight and monitoring of the JPLs as regards the exercise of such powers," Polarcus said Friday.</p>
<p>On April 29, Polarcus' rival Shearwater GeoServices said it had struck a deal to take over marine seismic acquisition assets previously owned by Polarcus, from Tiger Moth AS, a company affiliated with Woodstreet Inc. Shearwater bought six seismic acquisition vessels for $127.5 million, and streamers and related seismic equipment for $50 million.</p>
<p>In a statement on Friday, Polarcus further said: "The JPLs have completed the restructuring efforts for which they were appointed, following which they determined that the company remained unable to pay its debts as they fall due and that it was in the best interests of the company that it be placed into official liquidation."</p>
<p>On June 21, 2021, Polarcus said Friday, the Court made an order placing the company into official liquidation and appointed David Griffin and Andrew Morrison of FTI Cayman and Lisa Rickelton of FTI London as Joint Official Liquidators (the "JOLs"). </p>
<p>"The JOLs will oversee the orderly winding down of the Company. As part of that process, the JOLs intend to seek the delisting of the Company from the OSE [Oslo Stock Exchange]," Polarcus added.</p>
<p>"In view of the insolvency of the Company, there will not be any return from the liquidation to the Company’s shareholders. Accordingly, there will be no further announcements to update the company’s shareholders on the progress of the official liquidation," Polarcus said in what is the company </p>
<p>Polarcus said the JOLs will publish periodic updates to the company’s creditors at www.fticonsulting.com/creditors</p>
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<div class="blogger-post-footer">Crude Oil and Petroleum Products Articles and Reviews Published on the <a href="https://blog.crudeoilbrokers.org/">blog of Global Crude Oil Brokers</a> by <a href="https://crudeoilbrokers.org/">Crude Oil Brokers Ltd</a>.</div>Crude Oil Brokershttp://www.blogger.com/profile/08172025133546932380noreply@blogger.com0