DNV-GL UNVEILS LPG SAFE DOUBLE SIDE HULL DESIGN
At the Gastech 2017 conference in Tokyo, DNV GL presented Hyundai Mipo Dockyard with an approval in principle certificate for a new double side hull LPG...Read More+
BW Energy is progressing a revised development plan for the Kudu gas field offshore Namibia. The new development plan for the gas to power project will use a repurposed semisubmersible drilling rig as a Floating Production Unit.
The company has signed an agreement to acquire the semisubmersible drilling rig “Leo”, from Aquadrill LLC for a total consideration of USD 14 million. Repurposing will enable an optimisation of the project timeline and significantly reduce capital investments compared to previous development concepts.
The ultra-deepwater semi-submersible Leo, currently cold stacked in Norway was built by Semcorp Marine at Singapore’s Jurong shipyard in 2012.
“The revised development concept offers tangible financial, schedule and environmental benefits. The re-use of existing facilities also supports a substantial reduction in field development related greenhouse gas emissions compared to a new-build,” said Carl Krogh Arnet, the CEO of BW Energy. “We have consequently decided to take advantage of the availability this high-quality semi at an attractive price. The replacement of imported power with domestic power produced with natural gas will reduce Namibia`s carbon footprint and ensure power stability for the future.”
The revised integrated development plan aims to supply competitive power to a growing African market with significant upside potential. A development of the Kudu field is an attractive opportunity for BW Energy to engage in the electricity market and potentially fully or partially assume a position as an Independent Power Producer (IPP) through strategic partnering.
“We consider the electrification of the African economies as a significant long-term growth opportunity for BW Energy and a potential avenue for us to develop a new strategic position closer to the end customers of energy,” said Carl Krogh Arnet.
(Source: BW Energy – Image: West Leo/Puente de Mando)
Seadrill Partners, the liability company formed by Seadrill, has secured a one well contract with BP Canada Energy Group ULC for the West Aquarius in eastern...Read More+
NuGen, the U.K.-based nuclear energy company that plans to build three Westinghouse AP1000 reactors in West Cumbria, at Moorside, is facing some significant...Read More+
Sevan Marine through its subsidiary HiLoad LNG has entered into a cooperation agreement with Fluor Corporation for global projects that use HiLoad’s...Read More+
On Thursday, March 23, 2017, the Extra 330LE aerobatic plane, powered by a propulsion system from Siemens, set two new speed records. At the Dinslaken...Read More+
Solstad Offshore has, on behalf of the partly owned company Normand Oceanic, entered into an agreement with the Mexican company Typhoon Offshore (an affiliate...Read More+
Russian LUKOIL began drilling of the first 5,500 m prospecting and appraisal well in the Vostochno Taymyrsky license area , six months before the scheduled...Read More+
Eni fired up its new HPC3 (High Performance Computing) in the Green Data Center in Ferrera Erbognone . HPC3 allows Eni to fully support all the activities...Read More+
CHC Group has been awarded a new contract with Faroe Petroleum to provide helicopter services in support of their exploration drilling program at the Brasse...Read More+
Vantage Drilling International subsidiary, Vantage Drilling Africa, has acquired the Hercules 260, a Marathon LeTourneau Class jack-up drilling unit, from...Read More+