Energy

Equinor and the Johan Sverdrup partnership submit a letter of award to NKT for fabrication and installation of two high-voltage cables supplying power from shore for the second phase of the Johan Sverdrup development.

Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining oil reserves to be produced through the Norne field.

The high-voltage cable system from NKT is now ready to transmit renewable energy from the Rentel offshore wind farm to the Belgian power grid. When in operation the offshore wind farm will provide green energy to 300,000 households supporting the national target of 13 % of the power consumption to be covered by renewable energy by 2020. For NKT the turnkey project has been successfully executed after great collaboration with Rentel NV.

Shell Brasil Petróleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium member Chevron Brasil Óleo & Gás Ltda (“Chevron”), have won a 35-year production sharing contract for the Saturno pre-salt block located off the coast of Brazil in the Santos Basin. Shell will pay its share of the total signing bonus for the block, equating to approximately USD $390 million [R$ 1,562 billion].

In conjunction with National Clean Energy Week 2018, the Business Network for Offshore Wind launched a new podcast, Offshore Wind Insider.

Pioneering change, improving efficiencies, super basins and successful collaborations are among the powerful topics fueling the 16^th Women's Global Leadership Conference (WGLC) in Energy Oct. 29-30 in Houston.

In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Deputy Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank have announced that BOEM proposes to offer 78 million acres for a region-wide lease sale scheduled for March 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico.

The steps which need to be taken to ensure the UK remains at the forefront of wave and tidal energy sectors have been outlined in a report released on September 25, by the National Subsea Research Initiative (NSRI).

Marine tech business moves into Cornwall to target global resort market

Leading specialist marine contractor, Offshore Marine Management (OMM) is calling on companies and associations from across the EU to engage with UK businesses and to have that tough conversation on the future of the industry beyond Brexit.

The Arkona offshore wind farm in the German part of the Baltic Sea has supplied the first electricity into the German electricity grid.

To explain the accelerating U.S. offshore wind industry as well as the smart and progressive plans by U.S. states, two top offshore wind experts -- Liz Burdock, President and CEO of the Business Network for Offshore Wind, and Ross Tyler, the Network’s Executive Vice President – will speak at the Global Wind Summit in Hamburg, Germany, September 24th-28th.