Category Archives: Offshore

Where should offshore wind projects be developed to protect marine life?

A new 800,000 research project from the University of Aberdeen and University of Highlands and Islands has been set up to determine just that.

Funded by rsted, the project will dive into fish migration patterns and monitor these areas of oceans and seas to ensure wildlife is not being damaged in the quest to build more renewables.

The research will also look to see how climate change is impacting the habitats of fish, seabirds and marine mammals and make sure to avoid areas that could disrupt the local food chain.

Professor Beth Scott, who is co-leading the project, stated: This is a very exciting project that brings a proactive approach to determining the reasons why some locations in our seas may be safer to use for wind farm developments than others.

The project will divestraight into the ecological mechanisms that make fish available as prey to seabirds and mammals such that we can better predict where mobile animals will choose to forage now and into a future driven by climate change.

If you enjoyed this story you can sign up to our weekly email forEnergy Live News and if youre interested in hearing more about the journey to net zero by 2050, you can also sign up to thefuture Net Zeronewsletter.

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How can offshore wind protect the oceans? - Energy Live News - Energy Made Easy

Few things in the oil and gas industry grab quite as much attention as the discovery of a new, untapped offshore field with a few billion or so barrels in the ground. One that eventually sprawls into a complex of wells that take years to be drilled. All the while, driving a mass of workers and welders at some distant yard to build the towering facilities that will bring in first oil.

But once a greenfield turns a darker shade, the margin for error narrows. Things dont quite work the way they were supposed to. Thats when engineers need to step back in and work the problem.

BP has faced this reality recently at its heavy-oil field offshore the Shetland Islands where waterflooding problems are clogging up injection wells in a big way. Across the ocean, Talos Energy suffered from a different unexpected issue when a reliable but depleting asset suddenly lost most of its pressure support in the Gulf of Mexico. Sometimes the big problem is smaller in scale but still calls for critical action to be taken, such as a leaking subsea wellbore.

Each of these scenarios represent the backdrop of technical papers presented by a disparate cast of engineers at SPEs Offshore Europe which was held virtually last week. Their work and presentations reveal how continuous improvements and innovative thinking are key ingredients to properly caring for aging assets. Highlights and links to the full papers for download are below.BP Pumps Up The Volume To Keep Shetland Wells Kicking

Source: BP/ SPE 205426.

BP operates the Schiehallion heavy-oil field located 175 km off the west coast of the Shetland Islands where production began in 1998. In SPE 205426, the London-based operator along with Schlumberger and an equipment supplier, explain what it has recently taken to sustain the field which is one of the largest still producing in UK waters.

The Schiehallion field has had documented production issues and, along with two satellite fields, may have peaked in 2018 at 106,000 B/D before seeing a decline of at least 25%. This is according to S&P Global which pointed out that in 2020, Chrysaor, a 10% stakeholder, pegged output from Schiehallion at 60,000 BOE/D.

The production shortfalls started soon after a new floating production, storage, and offloading (FPSO) vessel was brought to the field in 2017. By then, the development strategy had become almost entirely reliant on being able to pump around 320,000 B/D of water into 36 injector wells. In each, a mix of seawater and all of the fields produced water is reinjected.

BP favors produced water reinjection (PWRI) in this project and elsewhere around the world to mitigate environmental impactsbut theres a big catch for the business case.

If you are going to do PWRI, you do have to think long term, said Alistair Roy at the conference. You always start off and see waterits all very nice. Your long horizontals work great, and then you start pushing this stuff down towards [the wells] that doesnt really help the equation.

Roy is a principal petroleum engineer with BP and one of the coauthors of the paper thats titled Pump Up the VolumeMassive Water Injection Increase Through Open Water Stimulations. It lays out the dilemma facing BP at Schiehallion and why it is now likely to depend on regular subsea interventions in order to perform.

Less than a year after commissioning the new FPSO, some of the injector wells started seeing up to 75% losses in their injectivity capacity. Subsequently, all 36 have suffered to varying degrees.

BP realizes that there are likely a few damage mechanisms at play, including residual oil droplets, sand grains, and calcite particles that have all been found in the fields produced water.

This meant that part of the solution would require BP to get moving on improving the injection water quality to at least slow down the worsening conditions. Meanwhile, the first order problem remained how to remediate the plugging that had already strangled injectivity across the development.

For that, BP designed a subsea intervention operation that would have to escalate in scope and sophistication in order to deliver economies of scale.

On the first three wells, BP contracted a single construction vessel to deliver individual subsea well treatments. The first stimulation was performed on a producing well in 2018 and then the focus was squarely on injectors.

A pair of injector wells stimulated in 2019 saw their combined injectivity capacity jump by around 20,000 B/D of water. Sustained improvements were enjoyed for more than a year, spurring BP to continue with an 8-well campaign in 2020.

However, the vessel of opportunity hired for those first jobs only had basic pumping capability and storage available, BP said in the paper. In lacking all the specs BP ultimately decided it needed for its acid and chemical treatments, the single-vessel approach drove up project costs by spending significant periods on loading, tank cleaning, port calls, and connected time.

BP also suffered high last-mile costs because it relied on tanker trucks to deliver the remediation chemicals to a remote island port without experience in handling the potentially hazardous materials.

This is why for the 2020 campaign BP planners decided to pump up the volume by adding a purpose-built stimulation vessel to the mix. By switching to a two-vessel strategy, BP gained efficiencies and more pumping muscle that enabled rates as high as 8 bpm vs. less than 5 bpm. Some of the high-level results:

Source: BP/ SPE 205426.

In terms of accomplishing its ultimate objective, BP reports that only 4 of the 10 injector wells sustained improved injectivity rates for longer than a few months post-stimulation.

Each of the successful cases involve wells that operate at close to or above the formation's fracture gradient. This point is something the paper's authors said might need to be replicated in other wells to achieve better results, yet its not as straightforward as that.

Operating at the fracture gradient, however, can be incompatible with delivering conformance in long horizontal multizone wells. For PWRI systems, choices may have to be made to focus on maintaining water volumes at the expense of conformance, the paper reads.

Aside from this, the short-lived improvements seen in most of the injectors has only increased the priority to solve for the root causethe poor quality of the injection water. At the top of its longer-term to-do list is upgrading the PWRI system with filters and solids-removal capabilities.

In its shorter-term stimulation plans for the other injectors, BP is considering making improvements that may include using a different acid, adding chelating agents, scale treatments, and the use of a single vessel with greater capabilities.

BP lists several more of its most important lessons learned from this project in its paper and notes that there are more than 100 subsea wells off the Shetland coast that may be candidates for similarly aggressive chemical treatments.Why Talos Had to Do US Deepwaters First Dumpflood

Source: Talos Energy/SPE 205449.

In presenting one of the non-European papers, SPE 205449, Houston-based Talos offers a detailed account of how and why it completed the first dumpflood operation in the deepwater US Gulf.

Faced with a small footprint to solve the problem, the largest pure-play independent in the Gulf was ultimately able to prop up production from the field. Time will tell if the positive outcome has offered a template for other deepwater assets in urgent need of a boost.

The dumpflood operation involved drilling a well in 2020 to tap into a saline aquifer that is above the Tornado reservoir. By the time the paper was submitted for the conference, Talos was using that single wellbore to inject around 20,000 B/D of aquifer water into the lower formation and seeing 4,000 B/D improvement above pre-injection levels from the reservoir's first two producers.

Discovered in 2016, the Tornado field is far from qualifying as one of the most mature projects in the region but it has certainly seen some growing pains.

Bilal Hakim, a coauthor and senior reservoir engineer at Talos, noted during his paper presentation that the first two wells came on strong and held steady at a combined output of about 50,000 B/D. Then, after about 3 years of bountiful production, "severe pressure and rate declines started to affect the performance of the reservoir," Hakim related, adding that this meant there was "an imminent need for pressure support."

Whereas initial pressures were above 14,000 psi, now the bottomhole was measuring at just 6,000 psi. Instead of being a aquifer-driven reservoir, as was first believed, Talos was seeing the signs of what is described in the paper as a "predominate depletion drive or very weak waterdrive system."

Despite the situation, with excellent oil mobility and reservoir connectivity, Hakim said the modeling suggested a waterflood would be ideal. If Talos could figure out a way to do it, recovery rates might reach as high as 4555% which Hakim noted would effectively be double primary recovery from the field. In June, Talos reported that 34 million BOE had already been produced.

Several options to achieve a new lease the life of field were considered but were for one reason or another ruled out.

The constraints led technical staff at Talos to go with a dumpflood using a natural source of water at about 19,000 ft total depth to drive up pressures in the oil producing reservoir that is about 1,000 ft deeper. A final decision came after a study concluded that the aquifer water posed a low-risk for reservoir combability.

The company emphasizes that deepwater dumpfloods are rarely performed, and Hakim said the reservoir team could find no evidence that one had ever been done before in the deepwater of the US Gulf. He added that where dumpfloods are more commonly applied includes shallower US Gulf shelf locations that rely on dry tree platforms and in onshore fields.

It is also often the case that the dumpfloods are conducted without flow control or surveillance systems, which of course keeps costs down. However, this blind setup is far from desirable when the fate of offshore wells that each cost tens of millions of dollars is in question. So, Talos added those elements, e.g., inflow control valves, a downhole flowmeter, and permanent downhole pressure gauges.

Outside of the scope of the paper, but noteworthy, Talos executives said in an August earnings call that a third Tornado well drilled this year outperformed the 8,000 to 10,000 BOE/D initial production rate it had expected. The company also reported that its dumpflood injection rate has been bumped up to 30,000 B/D of water. Disposable Fiber Hunts Down Wellbore Leaks in Minutes

Source: Well-Sense.

In SPE 205425, Well-Sense Technology presented details on the successful deployment of a disposable fiber-optic probe in a North Sea well. The technology represents a new and rapid way to detect leaks in aging wellbores and was recently licensed by one of the oilfield service giants which has onshore ambitions.

Launched down a shut-in well (of an unnamed offshore operator), a probe weighing almost 16 lbs and full of coiled-up fiber line, fell to a depth of 8,850 ft in just 16 minutes.

Less than a half hour later, the wellbore leak was found.

These case study stats are possible thanks to the fibers visualized temperature and acoustic data that left no question as to the source of the problem. The data also showed how fluids were moving through the leak, traveling up and down the lower section of the annulus.

Founded in 2015, Well-Sense calls the approach fiberline intervention (FLI) and has so far used it in about 120 wells around the world.

The UK-based technology developer notes in its paper that around 30% of the industry's subsea wells are believed to suffer from sustained casing/annulus pressure which poses risks for both late-stage production and decommissioning.

Source: Well-Sense/SPE 205425.

Once an FLI survey is done, the surface launcher is removed, and the fiber system is simply left inside the wellbore. At less than a quarter of a millimeter in diameter, the bare glass fiber will eventually soften and break apart once the well is flowing again.

This is according to Kevin Rose, an applications engineer at Well-Sense, who spoke at the industry conference about the technology. He described leak detection as the spotlight application while addressing the capabilities and limitations of the emerging technology.

It doesnt always workit depends on the well, said Rose, adding that Well-Sense has sharpened its definition of an ideal FLI candidate since its earliest days. That has pushed the firms success rate of reaching a desired depth to around 80%.

Well operators have traditionally relied on acoustic devices installed on bottomhole assemblies that must move down the well and stop once in a while to listen for the signs of a leak. Rose said a fiberline probe not only moves down the well much faster but that you also get a richer picture than you would have if you were manipulating a work string up and down in a wellbore.

In July, Halliburton announced it was licensing the FLI technology with the hopes of expanding its application to crosswell communication monitoring, an increasingly popular diagnostic used in US shale developments.

SPE 205425 Disposable Fibre Optic Intervention System: Case Study of Successful Leak Detection Offshore North Sea by Craig Feherty, Andrew Garioch, and Annabel Green, Well-Sense

SPE 205449 First Successful Controlled Dumpflood in Deepwater Gulf of Mexico Results in Promising Incremental Rate and Recovery, by Bilal A. Hakim, Brandon Thibodeaux, Chris Brinkman, Joe Gomes, Kevin Smith, Ryan Cone, and Tom Messonnier, Talos Energy

SPE 205426 Pump Up the VolumeMassive Water Injection Increase through Open Water Stimulations by Alistair Roy and Anastasia Bird, BP; Samuel Bremner, Schlumberger; Lara Winstone, BP; Rustam Hashimov,OneSubsea; Doug Weir, BP; Judith Espinoza Perez, Maxtube Limited

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What Does It Take To Sail Aging Offshore Projects Through a Sea of Troubled Waters? - Journal of Petroleum Technology

Visiongain has published a new report on Global Offshore Oil & Gas Decommissioning Market Forecast 2021-2031: - Market Segment by Technology (Jackside & Topside Removal, Well Intervention Vessels and Systems, Cutting and Severing, Heavy Lift Technologies) Market Segment byStructure (Fixed Platforms, Compliant Towers (CT), Caissons, Mobile Offshore Production Units (MOPU), Well Protectors (WP), Subsea Templates (SSTMP)) Market Segment by Technique (Well Plugging and Abandonment, Pipeline Decommissioning, Platform Decommissioning, Umbilical Decommissioning, Subsea Structure Decommissioning) Market Segment by Removal (Leave in Place, Partial Removal, Toppled in Place, Complete Removal) Market Segment by Services (Project management & Compliance, Mobilization & Demobilization of Derrick Barges, Materials Disposal, Site Clearance, Conductor & Power Cable Removal, Other Decommissioning Services) Market Segment by Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.

Global Offshore Oil & Gas Decommissioning Market Outlook

According to Visiongain analysis, global offshore oil & gas decommissioning market was valued at US$9,235 million in 2020 and is projected to reach at a market value of US$17,099 million by 2031. The global market is expected to grow at a CAGR of 5.8% during the forecast period 2021-2031.

Download Exclusive Sample of Report @ https://www.visiongain.com/report/offshore-oil-gas-decommissioning-market-2021/#download_sampe_div

Key Questions Answered by this Report:

What is the current size of the overall global offshore oil & gas decommissioning market? How much will this market be worth from 2021 to 2031?

What are the main drivers and restraints that will shape the overall offshore oil & gas decommissioning market over the next ten years?

What are the main segments within the overall offshore oil & gas decommissioning market?

How much will each of these segments be worth for the period 2021 to 2031?

How will the composition of the market change during that time, and why?

What factors will affect that industry and market over the next ten years?

What are the largest national markets for the world offshore oil & gas decommissioning?

What is their current status and how will they develop over the next ten years?

What are their revenue potentials to 2031?

How will political and regulatory forces influence regional markets?

How will market shares of the leading national markets change by 2031, and which geographical region will lead the market in 2031?

Who are the leading companies and what are their activities, results, developments and prospects?

What are the leading offshore oil & gas decommissioning? What are their revenues and latest developments?

What are some of the most prominent offshore oil & gas decommissioning currently in development?

What are the main trends that will affect the world offshore oil & gas decommissioning market between 2021 and 2031?

What are the main strengths, weaknesses, opportunities and threats for the market?

What are the social, technological, economic and political influences that will shape that industry over the next ten years?

How will the global offshore oil & gas decommissioning market evolve over the forecasted period, 2021 to 2031?

What will be the main commercial drivers for the market from 2021 to 2031?

How will market shares of prominent national markets change from 2021, and which countries will lead the market in 2031, achieving highest revenues and fastest growth?

How will that industry evolve between 2021 and 2031, especially in R&D?

Who are the leading players analysed in this market study?

Story continues

Halliburton Company NYSE: HAL

Petrofac Limited LON: PFC

Baker Hughes Co NYSE: BKR

Weatherford International Plc. WFRD (NASDAQ)

Schlumberger N.V. SLB (NYSE)

Subsea 7 S.A. SOCA (FRA)

TechnipFMC Plc FTI (NYSE)

John Wood Group PLC WG (LON)

Ramboll

Oceaneering International, Inc. OII (NYSE)

Royal Dutch Shell RDSA (LON)

Aker Solutions ASA AKRTF (OTCMKTS)

DNV

Occidental Petroleum Corporation OXY (NYSE)

Saipem SpA SPM (BIT)

Heerema Marine Contractors

Claxton Engineering

DeepOcean Group

AF Gruppen ASA AF8 (FRA)

Bureau Veritas SA BVI (EPA)

Get Detailed TOC @ https://www.visiongain.com/report/offshore-oil-gas-decommissioning-market-2021/#download_sampe_div

Adoption of Modern Technologies in Offshore Oil & Gas Decommissioning is gaining traction in the global market. Find out why.

Advancements in drilling technology, dynamic positioning equipment and floating production and drilling units have made prospects that were previously thought unreachable, viable. Increased exploration activities in offshore locations will increase the demand for drilling equipment that mitigates well damage and enhances production.

Discover sales predictions for the global offshore oil & gas decommissioning market and submarkets.

The growing number of ageing offshore oil and gas platforms and declining crude oil prices have not been significant factors in the forecast time frame for the market's high growth rate. Along with revenue prediction for the overall world market, there are 5 segmentation's of the offshore oil & gas decommissioning market, with forecasts for 4 Technology, 6 Structure, 5 Techniques, 4 Removal, 6 Services each forecasted at a global and regional level, along with COVID-19 impact recovery pattern analysis for all segments.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere elseWith our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Offshore Oil & Gas Decommissioning Market, and leading companies. You will find data, trends and predictions.

Find more research reports on the Oil & Gas Industry, please click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: catherine.walker@visiongain.com

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports means that you can have a bespoke piece of market intelligence customized to your very own business needs.

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Global Offshore Oil & Gas Decommissioning Market is Projected to Reach a Market value of US$17,099 Million by 2031: Visiongain Research Inc -...

MUMBAI :India companies are set to raise a record amount of capital in the offshore debt market, beating their pre-pandemic high, as foreign investors, looking to rebalance their portfolios, chase their bonds.

With bond yields at a historical low, fundraising activity in the offshore bond market is on its way to surpassing the $21 billion record set in 2019. This year, Indian companies have raised as much as $19 billion, according to data from Dealogic.

Companies such as Tata Motors Ltd, HDFC Bank Ltd, and Axis Bank Ltd have raised global bonds this year at the cheapest rates for their respective credit ratings, compared with similar-rated companies in the Asia Pacific region or even globally.

Right now, its a sweet spot in the global debt capital markets (DCM). The kind of reception investors are giving to Indian issuances is why a few of the recent transactions achieved record-breaking competitive pricing. TML Holdings Pte Ltd (a wholly owned unit of Tata Motors) did a $450 million Reg S only bond in June 2021, and the pricing for it was the tightest ever yield that any issuer in that rating category had achieved in the entire Asia-Pacific history of bond markets," said Bhavik Pandya, head, South and South-East Asia DCM, Bank of America.

A similar theme played out in the case of HDFC Bank on their $1 billion AT1 bond issuance, where they attracted a 3.7% coupon, which was the tightest ever pricing for a bank AT1 instrument in that rating category globally. Similarly, for the Axis Bank AT1 bond issuance, they got the tightest yield globally for their rating category," Pandya added.

These transactions demonstrate that investors are willing to buy India exposure at prices they will not offer to any other market. There is a big positive shift in investor appetite towards India underpinned by investors looking at alternatives as they realign portfolios. They are finding a safe haven in quality credits from India," he said.

Investor appetite for Indian companies bonds has also attracted many first-time issuers to the market, including cash-rich technology companies.

Weve seen a boom of debut/inaugural offshore bond issuances from India. Wipro Ltd and HCL Technologies Ltd were debut bonds done in 2021, which got exceptional pricing. That is again a testament to the fact that global investors are very comfortable buying quality issuances from India," said Pandya.

The strong demand is also allowing Indian companies to raise longer tenure debt with maturity of as much as 10 to 20 years in some cases.

In current interest rate environment, investors are willing to extend the duration of portfolio while wanting to retain exposure to top quality credits. This theme is visible with a number of longer dated instruments that have been priced including inaugural 20-year tranche from Adani Ports and SEZ which was highly oversubscribed. Investors are comfortable with the credit quality of Indian issuers and in search for higher yields, are willing to invest in longer dated fixed rate instruments, offering issuers an exceptional opportunity to lock-in long term rates," said Pandya.

Another major theme thats driving the Indian bond offerings is the focus on ESG (environment, social and governance).

We expect to see more activity in the offshore bonds market as Indian companies continue to take advantage of favorable market conditions. Beyond diversification from Indias domestic bond markets, sustainability-themed targets emerged as a significant key driver that could potentially continue to push forth activity. ESG-related bond issuance in the offshore dollar debt markets by Indian companies raised US$6.6 billion, almost 40% of the Indian US-dollar denominated bond proceeds so far this year. Indian companies are anticipated to tap into the growing pool of capital from investors tracking environmental, social and governance factors," said Elaine Tan, Senior Analyst, Deals Intelligence at Refinitiv, a financial markets tracker.

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Companies in bid to raise record sums from offshore bonds - Mint

In China,Typhoon Chanthu,whichhad been churning towards the city of Shanghai, appeared to have stopped short of making landfall on September 13. While there hasstill been strong wind and heavy rain, its believed it would have been far worse had it made landfall.

The AP news agencyreported that transport links have been largely restored in the populous city,after flights at bothPudong and Hongqiao airports were suspended. State-affiliated media reported that both airports are operational.

As Chanthu made its approach, authoritiesordered the evacuation of around 100,000 people, state media reported. Trains and subway stations were also shut, along with schools and offices. The China Meteorological association said the typhoon was lingering 225 kilometers (140 miles) east of Shanghai.

The system wasexpected to move in a northeasterly direction towards South Korea and Japan in the coming days.

Taiwan was soaked as the eye of the storm passed nearby, dropping 13 centimeters (5 inches) of rainfall. In JulyTyphoon In-fa also disrupted flightsand prompted evacuations in the southern part of the city. Severe flooding caused by record rainfall in July also led to the deaths of at least 292 people inthe city of Zhengzhou, in central China.

kb/rc (AP, AFP)

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China: Typhoon Chanthu stalls offshore and begins to weaken - Frontline

HOUSTON, Sept 10 (Reuters) - U.S. offshore oil companies restored almost 200,000 barrels of production on Friday, while most of the Gulf Coast crude output remained offline following Hurricane Ida, government data showed.

The storm hit the U.S. Gulf of Mexico almost two weeks ago, damaging infrastructure and removing more than 21 million barrels of production from the market.

Over two-thirds of the U.S. Gulf of Mexico's oil production, or 1.2 million barrels per day, were still shut as repair efforts dragged on, helping to support global oil prices.

Over 1.68 billion cubic feet per day of natural gas were also offline on Friday, while a total of 65 platforms and three rigs continue evacuated, said the Bureau of Safety and Environmental Enforcement (BSEE).

The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, has fully reopened its marine operations for imports and exports. read more

Pipeline operator Enbridge (ENB.TO) on Friday said its offshore assets were ready to operate once producers bring production back online.

Exxon Mobil Corp (XOM.N) on Thursday sought another 1.5 million barrels of crude from the Strategic Petroleum Reserve (SPR) to feed its 520,000 barrels per day Baton Rouge refinery. The oil "will help us completely restore normal operations," said Julie King, a company spokesperson.

Chevron on Thursday said it has restored partial production at its Jack St. Malo and Blind Faith platforms.

Reporting by Marianna Parraga and Sabrina Valle; Editing by Nick Zieminski and Andrea Ricci

Our Standards: The Thomson Reuters Trust Principles.

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Over two-thirds of offshore oil output remains shut in U.S. Gulf -regulator - Reuters

Published: 9/12/2021 7:00:14 AM

As a Granite Stater and a member of the League of Conservation Voters, I strongly urge Gov. Sununu to issue an Executive Order by Dec. 31st in support of responsibly developing offshore wind resources in the Gulf of Maine to benefit New Hampshire communities and workers and to lessen the impact of climate change. In order to advance the development of offshore wind in the Gulf of Maine, the Executive Order should include: directing New Hampshire public utilities to procure 800 MW of offshore wind (enough energy to power 400,000 homes) and a request to the Bureau of Ocean and Energy Management that the Gulf Maine Task Force meet to advance the process of designating potential offshore wind lease areas.

Responsible development of offshore wind in the Gulf of Maine should include these principles: encouraging regional collaboration among the New England States, maximizing the creation of high-quality union jobs, delivering community benefits with attention to improving access for displaced workers, BIPOC workers, and low-income workers, expanding domestic manufacturing with a robust supply chain, and protecting fisheries, wildlife and New Hampshire ecosystem from potential environmental impacts. With hurricanes, droughts, wildfires and flooding happening more often and more intensely, it is more apparent than ever that climate change is here. We must do all that we can to lessen the impact of climate change. Responsibly developing offshore wind in the Gulf of Maine is one way to mitigate climate change, while also creating good-paying union jobs for Granite Staters.

Johnathan Hoogeveen

Manchester

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Letter: Advance offshore wind development now - Concord Monitor

A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, U.S., May 15, 2021. Picture taken May 15, 2021. REUTERS/Kathleen Flynn/File Photo

Sept 9 (Reuters) - U.S. oil major Exxon Mobil Corp (XOM.N) said on Thursday it had made a discovery at Pinktail in the Stabroek Block offshore Guyana, as it develops a major new oil and gas find.

Exxon operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corp (HES.N) and China's CNOOC Ltd (0883.HK). It has made at least 20 discoveries there.

The company said the find would add to the previous recoverable resource estimate of more than 9 billion barrels of oil and gas, without specifying the size of reserves in its latest discovery.

The company's second offshore production facility, the Liza Unity, set sail from Singapore to Guyana in early September. The floating production storage and offloading (FPSO) vessel is crossing the East Indian Ocean, with an estimated arrival in Guyana on Nov. 15, according to Refinitiv Eikon vessel tracking data.

The Unity FPSO will be utilized for the Liza Phase 2 development and is expected to begin production in early 2022, with an output capacity of about 220,000 barrels per day (bpd) of oil.

The consortium began producing crude in late 2019. Hess Chief Executive Officer John Hess said in remarks to the Barclays CEO Energy-Power Conference on Thursday the Liza 1 project was producing at its nameplate capacity of 120,000 bpd.

He said the company expected the Stabroek block to produce at least 1 million bpd through six FPSOs by 2027.

The Payara project, the consortium's third in the Stabroek block, is expected to start up in 2024, Hess told an investor conference hosted by Barclays.

Exxon expects to submit a development plan for its fourth Guyana project, Yellowtail, later this year, said Hess.

Hess Chief Operating Officer Greg Hill said he expected Guyana's government to approve the consortium's development plan for Yellowtail, its fourth project, by the end of this year.

Reporting by Arunima Kumar in Bengaluru and Luc Cohen in New York; Editing by Vinay Dwivedi, Edmund Blair and David Gregorio

Our Standards: The Thomson Reuters Trust Principles.

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Exxon Mobil discloses another oil discovery offshore Guyana - Reuters

The NJ Wind Port will be the first in the US dedicated to the offshore wind industry (NJEDA)

PublishedSep 10, 2021 4:16 PM by The Maritime Executive

Construction is beginning on the U.S.s first purpose-built wind port designed to support the development of the offshore wind industry. To be located along the Delaware River in southern New Jersey, the New Jersey Wind Port will provide a location for staging, assembly, and manufacturing activities related to offshore wind projects on the East Coast.

The port will be located on an artificial island on the eastern shores of the Delaware River, southwest of the City of Salem. The site was selected in June 2020 after a 22-month assessment process that included involvement from the wind industry as well as government, and environmental stakeholders.

The New Jersey Economic Development Authority has been preparing the site and finalizing design since summer 2020. It is more than five miles from the nearest New Jersey residential area and provides space to grow operations over time. When the port is in full operation it may encompass more than 150 acres devoted to the manufacturing of materials for offshore wind farms.

Several potential tenants have already expressed interest in the site, including Orsted and Atlantic Shores which also won the bidding to develop offshore wind projects in the state. Their bids also included proposals to partner with turbine manufacturers GE and Vestas to build nacelle assembly facilities at the port. The NJEDA said that it will be launching an additional tenant selection process in the coming weeks to negotiate agreements with potential tenants for the port.

The State of New Jerseys 2022 fiscal budget includes $200 million for the development of the New Jersey Wind Port in addition to $13 million from the New Jersey Board of Public Utilities. The New Jersey Department of Transportation will invest $44 million for the dredging to create the port.

Investing in offshore wind is vital to building a stronger, greener economy that creates high-paying jobs to support a robust recovery from the economic impacts of the COVID-19 pandemic and paves the way for long-term, equitable growth, said New Jersey Governor Phil Murphy during the ceremonial groundbreaking on September 9. The New Jersey Wind Port will create thousands of high-quality jobs, bring millions of investment dollars to our state, and establish New Jersey as the national capital of offshore wind.

In addition to supporting New Jerseys commitment to producing 7,500 megawatts of offshore wind energy by 2035, the goal of the wind port is to capture a large portion of the more than $150 billion of capital investment that will be required by 2035, and the more than 83,000 jobs projected to be created as the offshore wind industry develops along the U.S. East Coast.

As part of the groundbreaking ceremony, they also signed a project labor agreement between AECOM-Tishman, which was named construction manager for the project, and the United Building Trades Council of Southern New Jersey AFL-CIO. The agreement with the union sets the broad terms for all contractors working on the construction project.

Earthworks will begin on-site in the coming weeks and major construction is due to start in December 2021. The goal is to open the port in the winter of 2023/2024.

Link:

Construction Begins for First US Port Dedicated to Offshore Wind - The Maritime Executive

RWE is teaming up with Norwegian renewables developer NTE and subsea and offshore wind contractor Havfram to enter Norways upcoming floating offshore wind tender.

The trio plans to jointly bid for a lease in the deep-water Utsira Nord site, 30km west of the island of Svendsholmen off south-west Norway,.

RWE believes 1.5GW of floating offshore wind capacity could be built there but has not confirmed how much it would plan to build in Utsira Nord.

The German developer owns a stake in the TetraSpar floating offshore wind demonstration project, which is now being commissioned at a site less than 20km from Utsira Nord.

Norways Ministry of Petroleum and Energy is due to start the licensing process for two areas it has earmarked for offshore wind development Utsira Nord and Srlige Nordsj II later this year.

RWE, NTE and Havfram are likely to face stiff competition in Norway, as several bidding consortiums have set their sights on Utsira Nord.

Trios of Shell, BKK and Lyse, rsted, Hafslund Eco and Fred Olsen Renewables, Equinor and Vrgrnn a joint venture of energy companies Eni and HitecVision and a joint venture formed by Norwegian renewables developer Magnora and UK engineering firm TechnipFMC have all announced their intention to bid for projects in Utsira Nord.

RWE is also bidding to develop a fixed-bottom offshore wind farm in Srlige Nordsj II, alongside Equinor and Norwegian renewables developer Hydro REIN.

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RWE, NTE and Havfram target floating offshore wind off Norway - Windpower Monthly