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Posts Tagged ‘Equinor’

Who are these companies?

Posted in California, energy, Offshore Wind, tagged , , , , , on December 14, 2022| Leave a Comment »

Only Equinor is a familiar name to the offshore oil and gas industry, so here are some blurbs about the other high bidders.

California North Floating, LLC, is a subsidiary of Copenhagen Infrastructure Partners (CIP). Since entering the US offshore market in 2016, CIP has built a leading offshore wind position through its affiliate Vineyard Offshore. This includes Vineyard Wind 1, the country’s first commercial scale offshore wind project which is currently under construction, as well as two lease areas under development totaling approximately 5.0 GW off the coast of Massachusetts and New York.

Central California Offshore Wind is managed by an East Coast offshore wind energy company, Ocean Winds North America LLC, which formed a joint venture with the Canada Pension Plan Investment Board to win the lease. Ocean Winds has more than 10 years of experience in floating offshore wind, most notably through the development and operation of Windfloat Atlantic (offshore Portugal), the world’s first fully commercially operational floating offshore wind farm

Equinor, a Norwegian company, is a major international oil and gas producer, an important wind energy investor, and a leader in the development of floating wind turbine technology. Equinor operates the Hywind Tampen floating offshore wind farm which will supply power to Norwegian offshore oil and gas fields.

Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, Europe and Asia. Invenergy’s home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.

RWE Renewables has experience covering the offshore and onshore wind energy value chain from development to construction and operation. These activities are the responsibility of two functional units, “Unit Renewables Europe & Australia” and “Unit Offshore Wind”, as well as the subsidiary RWE Renewables Americas. RWE Renewables also invests in large-scale solar projects and supports power producers, plant operators and other stakeholders in the development, construction and operation of photovoltaic and solar energy plants as well as in the construction of battery storage systems. The focus is on large-scale industrial projects.

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Shell pipelines expected to be back in service today

Posted in accidents, Gulf of Mexico, Offshore Energy - General, pipelines, tagged , , , , , , on August 12, 2022| Leave a Comment »

But late Thursday, a Shell spokesperson said that repairs were underway and that the company expected both pipelines to be back in service Friday.

CNN

This is a good example of the interconnectivity of deepwater projects with major Shell, Chevron, and Equinor facilities shut-in as a result of a relatively minor downstream pipeline incident.

Mars crude price appears to have reacted to the shut-in news:

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Good news for Newfoundland – Bay du Nord project approved

Posted in Canada, Offshore Energy - General, tagged , , , , on April 6, 2022| Leave a Comment »

Bay du Nord FPSO planned for 500 km offshore St. John’s in 1200 m water depth

Federal Environment Minister Steven Guilbeault formally approved the Bay du Nord offshore oil megaproject Wednesday, making a decision that will infuriate environmentalists but boost the Newfoundland and Labrador economy.

CBC News

Previous post on this project.

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Disappointing delay in Canada’s decision on the Bay du Nord project

Posted in Canada, energy policy, Offshore Energy - General, tagged , , , on March 8, 2022| Leave a Comment »

Equinor images

A decision on the proposed Bay du Nord oil project off the coast of Newfoundland will be delayed by another 40 days, according to Federal Environment Minister Steven Guilbeault.

Ottawa’s decision for the project was set for Sunday, but was originally scheduled for Dec. 6. The 40-day delay means a decision could come by April 13.

The project has reportedly caused a division within Prime Minister Justin Trudeau’s cabinet, according to Radio-Canada, which reported in February that several Liberal ministers from Ontario, Quebec and British Columbia want to reject Bay du Nord. 

CBC

The delays in Ottawa are disappointing for the following reasons:

  1. Recent polling indicates very strong support among Newfoundlanders for offshore oil and gas operations and the Bay du Nord project. Newfoundland Premier Andrew Fury fully supports the project.
  2. The Impact Assessment Agency of Canada concluded that “the Bay du Nord Development Project is not likely to cause significant adverse environmental effects, taking into account the implementation of mitigation measures.”
  3. Equinor is a responsible offshore operator with a strong track record in Norway and elsewhere.
  4. The importance of “free world” oil and gas production has never been more obvious. That will continue to be the case for the life of this project and beyond.
  5. The project would generate $3.5 billion in revenues to the Government of Newfoundland and Labrador and provide estimated in-province employment of 22.3 million-person hours for the life-of-field.

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Norway says adios to Russia. Ditto BP. Is Exxon (Sakhalin) next? Shell?

Posted in energy policy, Norway, UK, Uncategorized, tagged , , , , on February 28, 2022| Leave a Comment »

On Sunday, the Norwegian government announced that its sovereign wealth fund, the world’s largest, wwould divest its Russian assets, worth around 25 billion Norwegian crowns ($2.80 billion).

Reuters

“In the current situation, we regard our position as untenable,” Equinor Chief Executive Anders Opedal said in a statement. “We will now stop new investments into our Russian business, and we will start the process of exiting our joint ventures in a manner that is consistent with our values.”

Reuters

British oil giant BP said Sunday that it is “exiting” its $14 billion stake in Russian oil giant Rosneft over Moscow’s invasion of Ukraine in one of the biggest signs yet that the Western business world is cutting ties over the Kremlin’s invasion of Ukraine.

Washington Post

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Offshore gas to the rescue?

Posted in gas, natural gas, Norway, Offshore Energy - General, tagged , , , , on September 20, 2021| Leave a Comment »

European power prices have spiraled to multi-year highs on a variety of factors in recent weeks, ranging from extremely strong commodity and carbon prices to low wind output.

CNBC

Equinor and its partners have received permission to increase gas exports from two fields on the the Norwegian continental shelf to supply the tight European market. Production permits for the Oseberg and Troll fields have each been increased by 1 billion cubic meters (bcm) for the gas year starting 1 October.

Equinor
Oseberg field centre in the North Sea
Equinor’s Oseberg field, North Sea.

I hope the folks organizing the 10/28 congressional hearing are paying attention, but somehow I doubt it.

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