OGV Energy - Issue 57 - June 2022 - Offshore Wind by OGV Energy

JUNAUGUST 2022 - ISSUE 2020 57

UK’s No. ENERGY SECTOR

PUBLICATION

THE OFFSHORE WIND ISSUE

GLOBAL ENERGY NEWS WORLD PROJECTS MAP MONTHLY THEME INNOVATION & TECH RENEWABLES CONTRACT AWARDS ON THE MOVE

FEATURING

Ampelmann - The EIC Innovair - Proserv - XOCEAN RenewableUK - J&S Subsea Global Wind Projects

REGIONAL NEWS P.14

DECOMMISSIONING STATS & ANALYTICS LEGAL & FINANCE EVENTS

Europe pledges to reduce dependence on Russian oil and gas supply and additional sanctions on Putin’s regime

OIL NEWS P.16

Petrol prices in the US hit records nearly every day with the summer driving season approaching

RENEWABLES P.36

The British Energy Security Strategy, in response to the conflict in Ukraine, sets a new ambition to propel the offshore wind industry forwards even faster

Engineering the future of offshore access

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CONTENTS

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COVER PARTNER 04 - Ampelmann - Engineering the future of offshore access

COMMUNITY NEWS 08 - Latest updates from our OGV Community members

GLOBAL ENERGY NEWS 11 - UK North Sea 14 - Europe 16 - US 18 - Middle East

WORLD PROJECTS MAP

20 - EIC - World's latest project updates

MONTHLY THEME

22 - Offshore Wind 24 - Proserv: Visualising the future: challenges represent an opportunity for innovation 26 - Innovair: Offshore wind operations & maintenance 28 - XOCEAN: Delivering carbon-neutral, economic, safe and quality ocean data to the world’s largest companies

INNOVATION & TECH ANNUAL 28

30 - Arnlea: Standarise your processes to transform decision making

OUR DIGITAL INDUSTRY 32 - Sword Group: Data-Driven Energy Transition 'Event Review'

RENEWABLES 34 - RenewableUK: Wind energy: powering the way to net zero

PEOPLE IN ENERGY 36

36 - Kimberley Wallace: Business Improvement Manager, Low-carbon Energy, Offshore Wind, Worley

EVERY MONTH 38 - Contract Awards 40 - On the Move 42 - Decommissioning 44 - Stats & Analytics 46 - Legal & Finance 47 - Community Partner 48 - Events

KENNY DOOLEY MAIN EDITOR Welcome to the June edition of ‘OGV Energy Magazine’, where this month our theme is on ‘Offshore Wind’, at a time when opportunities in the sector seem to be growing at pace. Having just attended the ‘All Energy’ Conference in Glasgow on 11-12 May, it is clear that there are multiple opportunities to meet the heightened government requirements for the Energy Transition with offshore wind and with the ‘Global Offshore Wind’ event in Manchester on 14-15th June, momentum will build even further in this burgeoning sector. This month we are delighted to welcome Ampelmann as our front cover partner and you can read all about how they are helping to facilitate the safe installation, commissioning and maintenance of global offshore wind infrastructure inside. We also have contributions from Proserv, Innovair, Film-Ocean, Rotech and Global Wind Projects

WISH TO CONTRIBUTE TO NEXT MONTH'S PUBLICATION? Contact us to submit your interest: daniel.hyland@ogvenergy.co.uk

The rest of this month’s magazine as always provides you with a review of the Energy sector in the North Sea, Europe, the Middle East, the US and Australasia along with industry analysis and project updates from Westwood Global Energy Group, the EIC and Renewables UK. We have a busy month in June with events as principal media partner for the ‘Energy Exports Conference’ on 14-15th June in Aberdeen and then GOW in Manchester on 21-22nd so please come along and say ‘Hello’ if you are attending either of these fantastic events! Have a great month and we hope to see you there!

VIEW THE OGV MAGAZINE ONLINE AT www.ogv.energy/magazine

COVER FEATURE

AMPELMANN IS ENGINEERING THE FUTURE of offshore access

As one of the early pioneers of Walk to Work (W2W), Ampelmann builds and designs gangways that provide easy, safe and efficient access to offshore structures. It’s motion compensated systems create safe working environments for personnel and increase workability by being able to withstand rough sea states. In the last fifteen years, the company has provided access to over 7.6 million workers and 18.6 million kg of cargo. With over 70 systems currently operating globally, Ampelmann has become a familiar face of the offshore access world.

ince its beginnings in 2007, the company has been deeply invested in the construction, commissioning, and maintenance of wind turbines. Alongside its successes in O&G, the company’s growing involvement in the global renewable energy sector has been especially pronounced. In the first half of 2022 alone, Ampelmann completed contracts for renewable energy projects in Taiwan, the North Sea and was recently awarded its first contract for the hook-up and commissioning of turbines on three of the first commercial scale windfarms in the USA.

Iain Smith, Senior Vice President, Proserv

www.ogv.energy I June 2022

With ample opportunities for growth globally, Ampelmann has become firmly embedded in the rapidly maturing renewable energy sector. Offshore wind is one of the fastest growing industries. The increasing desire to reduce environmental footprints as well as dependency on hydrocarbons will, in the short- and long-term, lead to a growing number of construction projects, maintenance and repair scopes throughout the world. In the North Sea, in particular, European (REpowerEU) and UK governments have pledged to greatly expand the number of wind farms and to quadruple available wind power to respectively 65GW and 50GW by the end of 2030. This means that in the North Sea alone, an additional 4000 to 5000 turbines will have to be built in the next five years. This development is not without its challenges. According to Caspar Blum, Ampelmann’s Area Manager for Business Development for Europe and Africa,

“Sustaining this growth will require clever solutions and as a company with a pure focus on offshore access solutions we have the knowhow and infrastructure to help overcome some of these challenges by increasing the efficiency of offshore operations.” “At Ampelmann,” Blum continues, “we are constantly innovating and adapting our core business to the changing needs of the offshore energy sector. We collect and combine data from ourselves and our suppliers to measure our CO2 emissions and further develop our systems. In the short term we are working on improving the efficacy of our products and services by creating ever stronger productservice alignments, reducing carbon footprints and creating a solid foundation to stay ahead of the impending energy transition.” Ampelmann has recently released its sustainability agenda and has announced sweeping changes that includes offsetting all carbon emissions onshore and offshore, the electrification of the entire fleet, as well as the introduction of modularity into its technical designs.

COVER FEATURE

The latest iteration of the A-type, Ampelmann’s flagship system, has already been fully electrified, tested and has recently been commercially deployed at sea

The latest iteration of the A-type, Ampelmann’s flagship system, has already been fully electrified, tested and has recently been commercially deployed at sea. “This is a massive undertaking that requires very precise engineering,” says Blum. "By implementing a regenerative electric system, the hydraulic pressure on the hexapod can be reused, reducing the total energy consumption by 90 percent.” As Jan van de Tempel, CEO of Ampelmann, put it, this means that the total energy input will require no more electricity than five simple coffee machines. “Alongside the electrification of our systems,” Blum continues, “we are building modular systems that are tailor made to individual vessels. Essentially all our systems will be built from the same blocks. Not only will this streamline the (re)design of newer and older systems it will make it even easier to customise them to the specific needs of our customers and it simplifies the process of replacing components thereby reducing overall downtimes, logistic and transport costs. Above all, the introduction of modularity makes our systems more durable in the long-term and gives us greater control over our value chains by optimising our relationship with suppliers and clients alike.”

One example of an electric and modular system is the recently commissioned W-type that was specifically designed to be permanently fixed on CSOV’s and SOV’s. This electric system has a height adjustable gangway that is ideally suited to reach the variable and sometimes dizzying heights of modern wind turbines. As it can transfer both personnel and cargo up to 2000kg in sea states up to 3.5m Hs the system greatly increases the efficiency and safety of construction, commissioning, and maintenance of wind turbines. Since its official release earlier this year, three such systems have been sold. Ampelmann has become known for its rental model but is increasingly selling systems as well. “Because we have predominantly rented out our systems,” says Blum “we have developed robust product-service alignments and have become well-known for the services we offer alongside our product. This includes specially trained operators, workability forecasts, redundancy packages and our Operations Control Centre (OCC) provides a 24/7 support hotline. In this way we can ensure each gangway always performs at peak efficiency, whenever, and wherever they may be.

As a rental company we have learnt the value of this service-approach to our products, and we will continue to offer this service model to our clients who buy our systems.” By innovating and adapting its business model according to local and global developments Ampelmann plans to stay ahead of the curve and facilitate the ever-growing demand for offshore access. “These are exciting times for the renewable energy sector.” says Blum. “The coming years will see the introduction of further automation and digitalisation of our products and services to further align them with a growing need for efficiency. We have a very clear focus to increase our margins in the wind business and by diversifying our portfolio and offering safe and energy efficient access solutions we are building the pillars to support the ambitious targets set by European governments and sustain the imminent growth of offshore wind energy.”

Gain safe and efficient access to your offshore assets with Ampelmann's motion compensated gangway systems. For more information visit: www.ampelmann.nl

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CONTRIBUTORS

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TRAVEL MANAGEMENT PARTNER Corporate Travel Management (CTM) is a global leader in business travel management services. We drive savings, efficiency and safety to businesses and their travellers all around the world.

LOGISTICS PARTNER Leading provider of logistics services to this industry, offering its customers airfreight, road freight, sea freight, project forwarding, customs compliance, training and consultancy, packing, crating, lashing & securing services warehousing, distribution, freight management, rig relocation and mobilisation services and offshore logistics. Disclaimer: The views and opinions published within editorials and advertisements in this OGV Energy Publication are not those of our editor or company. Whilst we have made every effort to ensure the legitimacy of the content, OGV Energy cannot accept any responsibility for errors and mistakes.

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OGV COMMUNITY NEWS sustainability initiative ‘KR Bon Reduction’, a pilot scheme initially dedicated to repurposing cladding waste and diverting it from landfill. This circular economic solution to cladding waste will see more than 7,700 tonnes of Co2 emissions prevented in the next five years.

QHSE ABERDEEN Committed to assisting Clients with Carbon Neutral Verification

FIND ALL THE FULL COMMUNITY NEWS ARTICLES ON OGV ENERGY'S WEBSITE

Aberdeen-based electrical group have exceeded £10 million for the first time, thanks to its successful and ongoing globalisation strategy AEL, which celebrated its landmark 40th anniversary last year, has grown from its North East roots to become an internationallyrecognised group of companies which comprises AEL Aberdeen Limited, AEL Americas Inc and AEL Electrical Mexico S. de R.L de C.V. They provide first-class electrical and subsea products and services to the onshore, offshore, renewable, petrochemical, marine and industrial sectors.

HydraWell and READ join forces to create leading well integrity and P&A specialist supporting the ongoing energy transition HydraWell and READ (including subsidiaries READ Cased Hole and ANSA) announced they have joined forces to create a leading well integrity specialist with ambitions to play a prominent role in late life oilfield activities including cost efficient and environmentally safe permanent plugging and abandonment of hydrocarbon wells.

www.ogv.energy I June 2022

They assist clients with Environmental standards and Carbon Neutral verification, this is an example of a great outcome for one of their clients….. In early 2022, KR Group founded their

Well delivery companies Senergy Wells, Stena Drilling and Halliburton continue to deliver for Energean offshore Israel Senergy Wells, Stena Drilling and Halliburton have a long-standing relationship delivering well construction for Energean Israel Limited, a subsidiary of Energean. Drilling operations commenced Q1 2022 in the deepwater offshore Israel on the first well (Athena 01) in a multi-well campaign that has now been delivered safely, on time and under budget. All three contractors were re-engaged by Energean after delivering a successful four-well deepwater drilling campaign in 2019/2020.

Appetite for Business Named Best Workplace at Scottish Awards Leading business improvement consultancy scores another award for Best Workplace during a ceremony at the Radison Blu Hotel in Glasgow on 12th of May. The Microsoft 365 expert was the only business from the North to earn an accolade at ScotlandIS Digital Technology Awards, which reward excellence, innovation and expertise of tech businesses based in Scotland.

KR Group engaged the services of QHSE ABERDEEN to develop and implement PAS 2060 & ISO 14064 Methodology. The system developed demonstrated the carbon neutrality of KR Group’s entire organisation. This enables the company to demonstrate that their carbon neutrality claims are credible, such as Measurement using a sound methodology, Reduction of emissions through a targetdriven carbon management plan, Offsetting of excess emissions by purchasing carbon credits through certified carbon credits that meet the schemes approved by PAS 2060. In March 2022, KR Group successfully became ‘Carbon Neutral’, achieving a balance between the carbon the business emits and the carbon it prevents.

Motive Offshore and Hiretech bring enhanced decommissioning technology to the Middle East Marine and lifting equipment specialists Motive Offshore Group and subsea and decommissioning equipment rental specialists Hiretech Limited have joined forces in the Middle East to bring superior technology and service solutions to a burgeoning market. Harnessing its UAE hub and existing catalogue of subsea marine and lifting equipment services, Motive is bolstering its current suite with Hiretech’s extensive rental fleet of decommissioning and subsea technology, bringing much-needed consolidation and in-market offshore services support for the region.

North-east 3D scanning firm reports busiest year to date Aberdeen-based 3D scanning specialists, Viewport3, have hailed 2021 as their most successful year since launching in 2017. With revenue from new customers alone exceeding £100,000, the company has moved into larger premises, and is currently recruiting additional team members to cope with ever-growing customer demand, and a successful drive to offer services in the offshore renewables market.

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ENERGY NEWS 11

JUNE 2022

UK NORTH SEA

Energy Review By Tsvetana Paraskova

The much debated and rumoured windfall tax on profits of oil and gas companies operating in the UK North Sea dominated the conversation in the offshore energy sector in the UK in May. The industry’s opposition to the tax, the Queen’s Speech, the energy transition, and investments and plans for North Sea resources and lowcarbon energy sources also featured in the news from the sector.

After months of rumours, denials, and letters sent to the government opposing the windfall tax, that tax became a reality on 26 May when the Chancellor of the Exchequer Rishi Sunak announced a new temporary 25% Energy Profits Levy for oil and gas companies, reflecting their extraordinary profits. The tax is part of a package to provide relief to UK households who face a surge in energy bills as commodity prices soared. The new Levy will be charged on oil and gas company profits at a rate of 25% and is expected to raise around £5 billion in its first 12 months, which will go towards easing the burden on families. The Energy Profits Levy will apply to profits arising on or after 26 May 2022. Companies who have an accounting period that straddles that date will be required to apportion their profits. The tax is temporary and will be phased out when oil and gas prices return to historically more normal levels. The legislation will also include a sunset clause, which will remove the tax after 31 December 2025. The tax, however, will have an investment incentive, the UK government said. An ‘allowance’ will be generated on investment expenditure (capital expenditure and some operating and leasing expenditure) at 80% which can immediately be used to reduce profits subject to the levy. “It is also right that those companies making extraordinary profits on the back of record global oil and gas prices contribute towards this. That is why I’m introducing a temporary Energy Profits Levy to help pay for this unprecedented support in a way that promotes investment,” the Chancellor said.

Continues >

The announcement of a windfall tax immediately drew criticism from the main offshore industry body, Offshore Energies UK (OEUK). “The new taxes imposed on the UK’s offshore oil and gas operators are a backward step by a government which, just weeks ago, pledged to build a greener and more energy-independent nation,” Offshore Energies UK said. “Supporting consumers through this crisis is essential – but damaging the UK energy industry with new taxes is no way to do it,” the association added. “The government had opposed calls for a windfall tax, so today’s announcement has disappointed the industry, undermined trust and created long-lasting uncertainty over future investment. The new tax will take effect today, meaning it could undermine investments for years ahead,” OEUK said, adding it would review the proposals in full, including the impact of the new investment allowance. “These new taxes will achieve the exact opposite of what the government promised in April,” said Deirdre Michie, OEUK’s Chief Executive. “They will drive away investors and so reduce UK energy production. That means less oil, less gas, and less renewables. It also makes it much harder for the UK to reach net zero by 2050,” Michie noted. “Right now, the key task is to prevent a flood of investment formerly earmarked for UK energy projects now being diverted to other countries,” she added.

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A week before the announcement of the windfall tax, OEUK said that UK oil and gas operators will pay £7.8 billion in tax this year alone, which would be a 20-fold increase worth £279 per household. This is a significant boost for the UK Treasury and roughly equal to 1% of the nation’s entire tax revenue, the industry body said. “That is why our industry puts a premium on stability and predictability in the ways it is taxed and regulated. Tax increases make it more expensive to borrow money for big projects – and that can make them unviable. It’s why periods of fiscal stability are associated with increased investment, whereas sudden tax increases are often followed by decreased investment,” OEUK’s Michie said. Michie also told the OEUK’s annual conference on 24 May that a windfall tax could undermine an estimated £200 billion - £250 billion which has been set aside by energy companies to build offshore wind farms, hydrogen production plants, and carbon capture facilities, plus maintaining oil and gas supplies. “Such policy swings risk achieving the opposite of what politicians say they want. A windfall tax now will reduce energy security, undermine the energy transition – and impose huge long-term costs on UK consumers and businesses,” she said. In her speech two days before the windfall tax was announced, Michie said: “We still think carbon neutrality is achievable – but only if the regulation is right, the taxes are predictable and policymakers – from across the UK’s parties and governments – are working with us. Not against us.” UK companies servicing oil and gas operators also urged the government not to impose a windfall tax on profits. A total of 31 organisations in the UK’s offshore energy supply chain said in an open letter that “A oneDeirdre Miche off windfall tax on energy producers will not sustainably help consumers and will only further reduce investor confidence in the UK, the ripple effect of which we will feel for many years to come. And it will do nothing to address the cyclical nature of an energy system linked to global supply and demand, with the UK becoming much less attractive to investors who will look elsewhere for the long-term stability they require to progress major energy projects.” “Undermining the UK’s oil and gas fiscal regime, just as we start to turn a corner of recovery risks sparking a chain of events which could slow down the energy transition,” the service companies warned.

UK North Sea The UK government will bring forward an Energy Bill to deliver the transition to cheaper, cleaner, and more secure energy, according to the Queen’s Speech 2022.

will also run the UK’s first carbon storage licensing round to support the capture of 2030 million tonnes of CO2 per year by 2030,” the NSTA said.

Commenting on the Queen’s Speech, OEUK said the proposed Energy Bill must create the predictability needed to attract the long-term investment crucial to boosting the nation’s energy security.

The UK government needs to take swift action to tackle the regulatory barriers to energy transition, NSTA chair Tim Eggar said at the Southern North Sea conference in Norwich on 25 May.

“It’s important that this bill is put in place as soon as possible and that it also creates a stable landscape for investors, which in turn is supported by a predictable and competitive tax structure. That would give our industry the confidence to attract investment, support energy security, and help the government reach its target of achieving net zero by 2050,” OEUK’s Michie said. Responding to the Queen’s Speech, Dan McGrail, CEO of RenewableUK, said: “It’s vital that new legislation announced in the Queen’s Speech enables us to build cheap new renewable energy more quickly, as speed is key to boosting home-grown energy and cutting bills for consumers.” According to research by OEUK, the UK’s offshore energy producers are set to invest £200 billion - £250 billion by 2030 to provide the nation with secure and increasingly low carbon energy. bp and Shell alone have pledged billions of pounds of investment. bp has said it would invest £18 billion in the UK’s energy system by the end of 2030, mostly for offshore wind and other low-carbon projects such as mass hydrogen production and CO2 capture.

Dan McGrail CEO of RenewableUK

Shell, for its part, has pledged investments of £25 billion into UK energy systems over the next decade, with more than 75% of the investment in low-carbon products and services including offshore wind, hydrogen production, and electric mobility. The North Sea Transition Authority (NSTA) will work closely with government, industry, and other regulators on North Sea energy integration, the authority said in its Corporate Plan, outlining its priority areas for the next five years through 2027. “We expect to see real progress on electrification, with at least two projects to be commissioned by 2027. Our organisation

“The NSTA knows that the UK urgently needs a more streamlined regulatory landscape to help companies get their energy integration projects off the ground,” Eggar said. A new NSTA report, published before the windfall tax announcement, Dan McGrail highlighted a bright outlook for the supply chain, with at least £5 billion of contracts either being tendered now or in the very near future. “The UK needs to be a good place for supply chain companies to invest and do business and our Supply Chain Principles define good procurement practice and enable us to maintain and strengthen our supply chain,” Katy Heidenreich, Offshore Energies UK Supply Chain and Operations Director, said. In company news, IOG plc said in early May that the appraisal wells at Goddard and Kelham North/Central are planned to be drilled in direct continuation from the Southwark east and west development wells in the fourth quarter of 2022. Repsol Sinopec Resources UK, TechnipFMC, and Petrofac announced on 10 May that pre-front end engineering and design studies (Pre-FEED) had commenced for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopecoperated Piper Bravo platform. The Marigold field development concept consists of up to nine subsea wells, tied back 16 km to the Piper Bravo platform, where gas lift, processing, and transportation services will be provided before oil is exported to Repsol Sinopec’s Flotta Terminal for tanker offload. Neptune Energy said on the same day it would spend more than $1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero. Neptune currently operates around 11% of the UK’s gas supply from fields in the UK’s Southern North Sea and the Norwegian North Sea. Harbour Energy plans over 20 development and infill wells plus several well interventions for 2022, the company said in its trading update on 11 May. These include a three well programme at the Catcher Area which commenced drilling in March and two J-Area development wells where drilling is also underway.

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BRENT OIL PRICES OVER THE YEARS June Review

1 Social Media has changed the world

- BRENT OIL PRICE 2021 - $70.89

Eric Doyle

By Eric Doyle

It has changed our domestic lives and changed our professional lives We are in the midst of the biggest evolution in Sales, Marketing and Business development since email and Social Media continues to change the game. Buyers are using Digital and Social channels to come to decisions about whether they should work with you or your competition. Whilst buying motions have evolved to digital, many sales motions are yet to catch up. No matter how complex we make it sound, not matter how many techniques and methods are employed at each stage… businesses need access to markets, credibility in those markets, the ability to develop relationships within target accounts and to convert all of this into commercial interaction. These are the basic elements we all need to be good at and, as we move further into 2022, it’s impossible to have this level of analysis and business conversation without turning to Social Media. So, it makes sense that all the people in our teams that are responsible for generating demand, generating leads and closing business, should be expert at prospecting, networking and building influence in your sectors on Social Media. Crux are partnered with DLA Ignite. We deliver our Social Selling programme across a range of industries from Energy to Tech, from Oil and Gas to Electronic manufacturing, from IT, SaaS to Engineering and more. We are business transformation consultants, and we deliver a programme designed to improve business performance with the strategic application of Social Media within the organisational team.

YEAR AGO

What you should expect when you become a Social Organisation:

• Qualified relevance in your markets sectors and prospects • Ownership of the digital share of voice in your sector

The price of oil was on course to settle at its highest price since the beginning of the pandemic, with OPEC ministers agreeing to push their plan to slowly release more oil onto the market. It was announced that the UK would still be considering offering new offshore oil and gas licences in the future, despite rising pressures on the country to ban new exploration in the wake of a landmark report on global carbon emissions by the International Energy Agency.

• Trusted advisor status • Pipeline confidence • Inbound increase • Growth • Employer of choice •Shared sense of inclusion and achievement across the team

The aim of our programme is to position you and your team as the leading technical and commercial digital influencers in your sector. We have been working to have our programme accredited with the Institute of Sales professionals and last week we launched the world’s first formal and accredited qualification in Social Selling. Patrick Joiner, Managing Director of the Institute of Sales Professionals, said… “all the research is telling us, is that more and more buyers are making their purchasing decisions entirely digitally, are shortlisting potential suppliers digitally, they are identifying potential solutions digitally and unless as Sales professionals we have a professional presence in the digital space, we are probably going to missing out on a lot of business.” I am a Fellow of the Institute of Sales Professionals (F.ISP) and I'm thrilled that the recognition of the importance of Digital and Social skills is now in place and there is now a mechanism for the modern Sales professional to receive a formal qualification in Social Selling. The leading global sales institute is now backing Social Selling and have selected our programme. Crux is now bringing the only accredited Social Selling programme available in the world to the energy sector. Reinforcing Patrick Joiner’s point… “…unless as Sales professionals we have a professional presence in the digital space, we are probably going to missing out on a lot of business.”

Eric is a Co-Founder of Crux Consultancy Limited who train and coach cross sector B2B teams in the art and science of Social Selling & Influence.

YEARS AGO

- BRENT OIL PRICE 2017 - $47.86 The price of oil hit a new nine-month low, this was due to ongoing high supplies despite a pledge to cut from OPEC. Countries such as Russia and the United States had a rise in their output. Scotland’s First Minister, Nicola Sturgeon, hailed the ‘great success’ of the oil and gas industry as she highlighted new figures showing spending by the sector on innovation had almost trebled over the last year.

YEARS AGO

- BRENT OIL PRICE 2012 - $100.05 The United Kingdom gave its full support to the companies involved in oil and gas exploration in the Falkland Islands waters, following Argentina’s announcement saying they would be beginning legal action against five companies. In Iraq, the production of crude oil was soaring. It had seen a 20% increase from the previous year with nearly 2.5 million barrels a day being produced. Energy analysts claimed that the Iraqi increase, along with Saudi Arabia’s increased production and the recovery of Libya’s oil industry, should allow relief for the global oil industry.

ENERGY NEWS Europe’s pledge to reduce dependence on Russian oil and gas supply and additional sanctions on Putin’s regime over the war in Ukraine continued to dominate the European energy industry in May, while operators in Norway announced new projects and discoveries, and oil and gas majors signed more agreements to advance clean energy projects.

Oil & Gas The European Commission officially proposed in early May a complete import ban on all Russian oil, to be enacted by the end of the year. Weeks after the proposal, the EU continued to struggle to find a consensus on an embargo as Hungary was blocking a unanimous decision, insisting it cannot cope with a ban on Russian oil unless hundreds of millions of US dollars is invested in refinery upgrades and pipelines for non-Russian supply. While the EU is also looking to reduce its gas dependence on Russia under the REPowerEU Plan, Moscow cut off gas supply to Poland, Bulgaria, and Finland, after the three EU members refused to pay in roubles for Russian gas. Poland gets gas from Germany in a reverse flow on the Yamal pipeline, Bulgaria will rely on LNG deliveries through a pipeline with Greece, while Finland signed a ten-year lease agreement for the LNG terminal ship Exemplar to ensure its energy security. Meanwhile, reports have it that around two dozen European buyers of Russian gas have already opened accounts at Gazprombank which processes the roublesfor-gas payments. Italian major Eni said on 17 May it had started the process of opening two K current accounts at Gazprom Bank, on a precautionary basis (one in euros and the second in roubles). “This follows Gazprom Export’s unilateral request to amend the existing contracts between the parties in accordance with the new gas payment procedure established by the Russian Federation. While Eni has

www.ogv.energy I June 2022

Europe

Energy Review By Tsvetana Paraskova

rejected those amendments, the Company is going to temporarily open the two accounts without prejudice to its contractual rights, which still envisage payment in euros. This explicit conditionality will be included in the payment procedure,” Eni said. The decision, which has been shared with the Italian institutions, was taken in compliance with the current international sanctions framework, the company noted. The European Commission’s cost estimate in REPowerEU, however, may fall short as Rystad Energy analysis suggests the plan could need at least 1 trillion euro in investment to meet the core objective of increasing renewable generation from 40% to 45% of total energy supply by 2030. Additional investment will be required to meet targets, including grid and battery storage developments, to ensure a stable supply of energy as the whole European power system will need to be restructured. Meanwhile, Europe may see an LNG supply crisis next winter, as demand will outstrip supply, Rystad Energy said in a report in May. “The supply imbalance and high prices will set the scene for the most bullish environment for LNG projects in more than a decade, although supply from these projects will only arrive and provide relief from after 2024,” the energy business intelligence firm said. European majors started exiting their businesses in Russia, as declared in the early days of the Russian invasion of Ukraine. Shell signed an agreement in May to sell Shell Neft LLC, which owns Shell’s retail and lubricants businesses in Russia, to Russia’s LUKOIL.

Norway’s Equinor announced in late May it had transferred its interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations. An agreement to exit the Kharyaga project has also been signed, said Equinor, which became the first major to complete its exit from Russia. At the same time, Equinor and other operators in Norway announced several developments and discoveries. ConocoPhillips Skandinavia AS, operator of the Greater Ekofisk Area, submitted a plan for development and operation (PDO) for the Eldfisk North Project, which is targeting additional resources in the Eldfisk Field. The development concept is a three-by-six slot subsea production system (SPS) with 14 wells, where nine are producers and five are water injectors. Eldfisk North will be tied back to the Eldfisk Complex in the North Sea. Resource potential is estimated to be in the range of 50-90 million barrels of oil equivalent. Equinor has made an oil discovery in Snøfonn Nord, by the Johan Castberg field in the Barents Sea. Preliminary estimates indicate between 37 and 50 million barrels of recoverable oil in place. Moreover, Equinor and Halten East partners Vår Energi, Spirit Energy, and Petoro have decided to invest about US$941 million (NOK 9 billion) in the development of the area neighbouring the Åsgard field in the Norwegian Sea. The area consists of six gas and condensate discoveries and an option on another three prospects. Lundin Energy AB proposed to change the company’s name to Orrön Energy AB, as part of the transition to a renewables-focused business, following the combination of its E&P business with Aker BP. The proposed name change is subject to shareholder approval at the upcoming EGM to be held on 16 June 2022.

Europe

and bp launched their strategic partnership that will boost the adoption of electric vehicles across Europe, unveiling the first charger in Dusseldorf, Germany.

Low-Carbon Energy In low-carbon energy news, the North Sea Transition Authority (NSTA), The Crown Estate, and Crown Estate Scotland reiterated their continued commitment to work in close collaboration to help meet the UK Government’s ambitious carbon storage targets of 20-30 million tonnes of CO2 emissions per year by 2030, and over 50 million tonnes by 2035. “Work is already underway by the three organisations, government, and others to identify suitable seabed areas and subsurface geology for carbon storage, while being mindful of impacts on the marine environment,” NSTA said. In a new report, RenewableUK outlined policy recommendations to help the UK Government achieve its target of 10 GW of low carbon hydrogen by 2030, including at least 5 GW from green hydrogen production. The UK needs to address barriers in the planning system, by introducing more funding and clearer and simpler rules, the association said. “If ever there was a time to step up our efforts to replace expensive gas with a clean, flexible fuel which fulfills the same role but uses cheap renewables instead, it’s right now,” said RenewableUK’s Emerging Technologies Policy Analyst Laurie Heyworth, who is the author of the report.

Shell UK, for its part, extended its ambition for installing EV chargers across the UK with a new target by 2030. By the end of the decade, Shell UK aims to have 100,000 public EV charge points across the country, which means that 90% of all UK drivers will be within a 10-minute drive of a Shell rapid charger. Vattenfall has been awarded £9.3 million in innovation funding by the UK, which will be used to develop the world’s first hydrogenproducing offshore wind turbine in Aberdeen Bay, with the electrolyser sited directly onto an existing operational turbine. Abu Dhabi’s ADNOC and Masdar are set to join bp’s hydrogen projects in the UK, as ADNOC joins bp’s blue hydrogen project H2Teesside and Masdar will join bp’s HyGreen Teesside green hydrogen project, the UK major said. bp, Shell, and TotalEnergies have all submitted bids in the offshore wind tenders opened by the Netherlands. bp submitted bids for two offshore wind leases, TotalEnergies and Ørsted jointly submitted bids for the two Dutch offshore wind tenders “Holland Coast West,” and Shell and Eneco are participating in the tenders for the offshore wind sites VI and VII. bp and Shell also signed deals to accelerate EV charging in the UK and Europe. Volkswagen

Spanish power firm Iberdrola said it would invest 3 billion euro in green hydrogen to accelerate the European Green Deal. A few weeks prior to the announcement, Iberdrola opened a green hydrogen plant in Puertollano, the largest one for industrial use in Europe. The plant, which will be able to produce up to 3,000 tonnes of renewable hydrogen per year, will supply clean hydrogen to the Fertiberia Group’s factory in the town, thereby reducing the consumption of natural gas. TotalEnergies announced the start of construction of the Eolmed floating offshore wind project, which is operated by Qair and in which TotalEnergies has a 20%stake. The 30-MW project is located more than 18 kilometres off the coast of Gruissan and Port la Nouvelle in France. The start of production is expected by 2024. “We are proud to contribute through Eolmed to France’s development in floating offshore wind, a very promising segment in which TotalEnergies notably brings its extensive experience in offshore projects,” said Olivier Terneaud, VP Offshore Wind at TotalEnergies.

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ENERGY NEWS

Highest Petrol Prices on Record

ENERGY REVIEW

As the US Administration is looking to help ease the highest petrol prices on record, the US oil and gas industry is criticising said Administration, saying that it is not doing anything to encourage investments as is sends mixed signals to the sector. The White House wants US producers to boost oil and gas output – right now – but it is cancelling lease sales and reiterating that an increase in US oil production should be only in the short term until the world adapts to the altered geopolitical reality of the West not buying Russian oil. The US industry, however, wants longer-term assurances that it wouldn’t be burdened by restrictions and further regulations which continue to hamper its ability to plan for production increases. The industry is also fighting back suggestions of price gouging from the Administration and Democratic lawmakers.

By Tsvetana Paraskova

“Repeated in-depth investigations by the Federal Trade Commission have shown that changes in gasoline prices are based on market factors and not due to illegal behavior, and the American people are looking for solutions, not finger pointing,” Lem Smith, vice president for Federal Relations at the American Petroleum Institute (API), wrote at the end of April. “Lawmakers should focus on policies that increase U.S. supply to help mitigate the situation rather than political grandstanding that contributes to a difficult investment environment at a time when investments are needed the most,” Smith added.

US Industry: Oil & Gas Are America’s Strategic Assets “Energy policy does not have to be an endless series of crisis-management decisions. Our aim should be to avoid crises, by shaping events instead of waiting on them,” API President and CEO Mike Sommers said in an address to the Economic Club of Colorado in early May.

As petrol prices in the US hit records nearly every day with the summer driving season approaching, the US Administration is looking at ways to alleviate pressure on households as alltime high petrol prices eat into real incomes while record-high diesel prices further stoke an already high inflation level, the highest in more than 40 years. While the Biden Administration is looking at various ways to help ease the highest petrol prices on record, the US oil and gas industry says the White House is not doing enough to support long-term energy security and investments in oil and gas.

www.ogv.energy I June 2022

Production of oil and gas in the US is growing and is set to further grow to records in 2023, but the sector cannot do much in the near term to increase output exponentially, not only because many public companies are prioritising shareholder returns but also because of supply chain and labour constraints in the US shale patch. In light of the highest petrol and diesel prices on record, some US lawmakers are also reviving discussions on the so-called No Oil Producing and Exporting Cartels (NOPEC) legislation that would pave the way for lawsuits against OPEC members for market manipulation. However, it is unclear whether or when the bill would be introduced on the Senate floor, or whether President Joe Biden would sign it into law, if it clears Congress, due to concerns about creating a precedent in removing sovereign immunity that would allow other countries to sue the US.

“As much as ever, we need to think hard about that basic economic truth, and we must act to stay in command of our energy future. That means recognising energy from natural gas and oil as the critical strategic asset it is to America – and never taking it for granted again,” Sommers added. “Talk about mixed messages. We can’t treat the oil and natural gas industry as a kind of light switch that is turned on or off to suit the political moment. Production and delivery don’t work that way. Yet the overriding policy lately has been to cancel pipelines, block permits, and deny leases – all of which suppress needed investment,” API’s President and CEO said. Days after this address, the US Department of the Interior cancelled three offshore lease sales, in Alaska and in the US Gulf of Mexico. In response to this move, Frank Macchiarola, API senior vice president for Policy, Economics and Regulatory Affairs, said: “Unfortunately, this is becoming a pattern. The administration talks about the need for more supply and acts to restrict it. As geopolitical volatility and global energy prices continue to rise, we again urge the administration to end the uncertainty and immediately act on a new five-year program for federal offshore leasing.”

US Jeff Eshelman, COO at the Independent Petroleum Association of America (IPAA), commented: “Ignoring the benefits of American natural gas and oil production is misguided and potentially against the law. The administration is not even trying to apply a band-aid to our energy challenges. They are just letting consumers and the nation bleed.” A week later, Secretary of the Interior Deb Haaland confirmed that the Interior Department will release the Proposed Program - the next step in the five-year offshore energy planning process - by 30 June 2022, which is the expiration of the current programme. “A Proposed Program is not a decision to issue specific leases or to authorise any drilling or development,” the US Department of the Interior said. Commenting on the timing of the release of the new programme, API’s Macchiarola said: “The practical effect of this is that it is unlikely there will be offshore lease sales before the end of 2023. This is one more example of the disconnect between the administration’s political rhetoric and policy reality.” Leslie Beyer, CEO at the Energy Workforce & Technology Council, said: “To ease the burden on the American consumer, the Administration should stop the mixed messaging, and provide regulatory and policy certainty for energy producers that will allow for expanded investment and production. Increasing production requires a significant amount of time and significant capital investment. Without certainty, investment dries up, hiring slows, and production wanes.”

“These legislative efforts represent a political act aimed at removing a sovereign nation’s litigation immunity from certain U.S. laws and opens the opportunity for reciprocal or even additional action on the part of those impacted countries,” Sommers added.

“Ignoring the benefits of American natural gas and oil production is misguided and potentially against the law. The administration is not even trying to apply a band-aid to our energy challenges. They are just letting consumers and the nation bleed.” Said Jeff Eshelman, COO at the IPAA

“So, we’re taking a look at it and certainly have some concerns about what the potential implications could be,” the White House said. API’s Sommers said in a letter to the Senate Judiciary Committee “This legislation creates significant potential detrimental exposure to U.S. diplomatic, military and business interests while likely having limited impact on the market concerns driving the legislation.”

“Although S. 977 is intended to be limited to restraint of trade in oil, natural gas or petroleum products, the Committee should be wary of the precedent it would create. Once sovereign immunity has been eliminated for one action of a state or its agents, it can be eliminated for all state actions and the actions of agents of the state,” the Chamber of Commerce said.

US Oil & Gas Production and Employment On The Rise Meanwhile, US oil and gas production and employment are rising at prices of over $100 per barrel of oil and multi-year high prices of US natural gas. In Texas, for example, data by the Texas Workforce Commission showed 5,200 upstream oil and natural gas jobs were added in April, the highest monthly growth in nearly 11 years, the Texas Oil and Gas Association said. Since the low point in employment in September 2020, the upstream industry in Texas has added 33,400 jobs, averaging growth of 1,758 jobs a month, and job growth months have outnumbered decline months 17 to 2.

The US oil and gas industry lost nearly 200,000 jobs during the pandemic, but it has already recovered almost half of those jobs, Rystad Energy said in research in mid-May.

With high international crude oil prices leading to record-high petrol prices in America, some US lawmakers revived the NOPEC legislation.

Now the U.S. Senate Judiciary Committee approved the bill in early May, but it is unclear if and when it will be discussed at the Senate or if President Biden would sign it into law. API and other associations have voiced opposition to the bill, while the White House said “the potential implications and unintended consequences of this legislation require further study and deliberation, particularly during this dynamic moment in the global energy markets brought about by President Putin’s invasion of Ukraine.”

The U.S. Chamber of Commerce also opposes the NOPEC bill, known as S. 977.

“Despite continued policy setbacks and supply bottleneck challenges, oil and natural gas companies are moving forward to meet demand here at home and abroad,” said Todd Staples, president of the Texas Oil & Gas Association.

Record Petrol Prices Revive NOPEC Legislation

Forms of antitrust legislation aimed at OPEC were discussed at various times under Presidents George W. Bush and Barack Obama, but they both threatened to veto such legislation.

By 2027, employment in the US oil and gas industry is set to exceed pre-pandemic levels, with almost 1.1 million projected workers by the end of 2027, according to Rystad Energy’s research. “Fueled by a rapid rise in oil prices amid a better-thanexpected demand recovery and the supply constraints brought on by Russia’s invasion of Ukraine, the US labor market seems poised to benefit and continue on a growth trajectory,” said Rystad Energy analyst Sumit Yadav. In the biggest shale region, the Permian, total hydrocarbon production in the Delaware Basin, the top-producing play in the Permian, will hit a record 5.7 million barrels of oil equivalent per day (boepd) average in 2022, separate Rystad Energy research showed in May. Spurred on by high oil prices and appealing well economics, total production is set to grow by around 990,000 boepd, almost half of which – 433,000 boepd – will be new oil production. “The Permian Delaware has emerged as the top oil-producing play in the US shale patch, outpacing growth in other oil-rich regions. With oil prices expected to remain elevated, 2022 promises to be another outstanding year for production growth in the region,” said Veronika Meyer, Rystad Energy vice president.

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By Tsvetana Paraskova

The OPEC+ alliance kept its oil production policy unchanged for June, revised down its global oil demand growth forecasts again, the largest oil producer in the Middle East, Saudi Arabia, said that high energy prices are a key result of critically low energy production capacity in the world, while Saudi Arabia’s Aramco – the world’s largest oil producing company – reported record quarterly profits on the back of soaring oil prices.

OPEC+ Stays The Course At its regular monthly meeting on 5 May, OPEC+ kept its oil production policy unchanged as it sees the global market as fairly balanced in terms of supply and demand. Despite persistent calls from major oil importers, the Organisation of the Petroleum Exporting Countries and its allies led by Russia decided to leave the plans for production increases unchanged, opting for the regular around 400,000 barrels per day (bpd) increase in production for June. The OPEC+ group is set to raise its crude oil output by 432,000 bpd in June compared to May.

www.ogv.energy I June 2022

During the meeting “it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a balanced market. It further noted the continuing effects of geopolitical factors and issues related to the ongoing pandemic,” OPEC said in a statement. Despite the fact that OPEC+ is raising production again, the group is estimated to be around 2 million bpd below its overall quota, as African OPEC members struggle to increase output while Russia is forced to shut in some production amid the Western sanctions over the Russian invasion of Ukraine. series of time-charter parties (TCP’s) with a subsidiary of Mitsui O.S.K Lines for the longterm charter and operation of four LNG ships, constituting the first batch of TCPs awarded

under QatarEnergy’s massive LNG shipping programme. “These contracts mark the start of the construction phase of QatarEnergy’s historic fleet expansion program in support of our LNG expansion projects,” said Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy. Saudi Aramco, Hyundai Motor Group, and King Abdullah University of Science and Technology (KAUST), have agreed to jointly research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall CO2 emissions of a vehicle. The twoyear partnership will aim to develop an optimal fuel formulation for use in combination with a novel combustion system coupled with an electrified hybrid vehicle, Aramco said.

Middle East OPEC Cuts Oil Demand Growth Estimate for Second Month in a Row Nevertheless, senior oil officials from OPEC have said repeatedly over the past couple of months that the way they see it, the market is balanced. OPEC revised down in its monthly report in May its forecast for global economic growth and for oil demand for 2022. World oil demand growth in 2022 is now expected to increase by 3.4 million bpd year over year, down by 310,000 bpd compared to the growth estimate in the April report. Global oil demand growth in the second quarter of 2022 is projected to be slower at 2.8 million bpd, compared with 5.2 million bpd annual growth in the first quarter. The downward revision reflects “potential declines in global GDP and the resurgence of the Omicron variant of COVID-19 in China and its impact on global oil demand,” OPEC said. But global oil demand is still set to average above 100 million bpd this year, at 100.29 million bpd, according to the cartel.

billion, record quarterly earnings since the Saudi oil giant went public in 2019. Aramco’s record profit was the result of high oil prices and higher volumes sold, as well as improving refining margins. “Energy security is vital and we are investing for the long term, expanding our oil and gas production capacity to meet anticipated demand growth and creating long-term shareholder value by capitalising on our low lifting cost, low upstream carbon intensity, and integrated downstream business,” Aramco President and CEO Amin Nasser said, commenting on the results. “Against the backdrop of increased volatility in global markets, we remain focused on helping meet the world’s demand for energy that is reliable, affordable and increasingly sustainable,” Saudi Aramco’s top executive added.

Deals & Cooperation Contracts

Aramco is exploring further collaboration with Thailand’s national oil company PTT, as it expands its downstream presence in Asia

“Diesel and gasoline are anticipated to be the main drivers of demand for petroleum products y-o-y as economic activity, mobility and industrial activities recover globally,” OPEC said. “A recovery in mobility, coupled with decreasing COVID-19 restrictions and an easing of trade-related bottlenecks in major consuming countries, will support gasoline and diesel demand, while light distillates will be largely supported by strong petrochemical demand, notably in China, the US and India. Finally, the recovery in global air travel amid the relaxation of travel restrictions will back jet kerosene demand.”

Saudi Oil Giant Books Record Profit Saudi Aramco, the world’s largest oil company by market capitalisation and production, reported in the middle of May an 82% annual jump in its first-quarter net income to $39.5

Aramco is also exploring further collaboration with Thailand’s national oil company PTT, as it expands its downstream presence in Asia. The companies signed a memorandum of understanding in early May, aimed at strengthening cooperation across crude oil sourcing and the marketing of refining and petrochemical products and LNG. Other potential areas of activity include blue and green hydrogen and various clean energy initiatives, Aramco said. In the United Arab Emirates (UAE), the Abu Dhabi National Oil Company (ADNOC) announced in mid-May new discoveries of oil, including a new find at Bu Hasa, Abu Dhabi’s biggest onshore field with a crude oil production capacity of 650,000 bpd. The 500 million barrels of oil discovered from an exploration well in the Bu Hasa field has unlocked a new formation within the field, offering substantial additional premiumgrade Murban oil resources. Furthermore, in Abu Dhabi’s Onshore Block 3, operated by Occidental, around 100 million barrels of oil in place were discovered in the second oil find in this concession. Occidental was awarded the exploration rights for Onshore Block 3 in early 2019. Some 50 million barrels of light and sweet Murban-quality crude was also discovered in the Al Dhafra Petroleum Concession, operated by Al Dhafra Petroleum, a joint venture between ADNOC, the Korea National Oil Company (KNOC), and GS Energy.

ADNOC, Masdar, and bp signed at the end of May a new strategic partnership to maximise hydrogen opportunities. In the UK, ADNOC and bp advanced to the design phase (pre-FEED) of the H2Teesside low-carbon hydrogen project, while Masdar and bp signed a Memorandum of Understanding (MOU) to explore potential

collaboration on the HyGreen Teesside green hydrogen project in the UK’s Teesside industrial cluster which will be powered by offshore wind. In the UAE, ADNOC and bp moved to conduct a joint feasibility study for a low-carbon hydrogen project in Abu Dhabi. ADNOC, bp, and Masdar also agreed to explore production of Sustainable Aviation Fuels in the UAE using solar-to-green hydrogen and municipal waste gasification, leveraging the capabilities of the UAE’s Tadweer (Abu Dhabi Waste Management Centre) and Etihad Airways. As Germany looks to eliminate reliance on Russian gas, Europe’s biggest economy signed an agreement with Qatar, which is expected to develop into a mutually beneficial Energy Partnership between Qatar and Germany through building LNG trade relations, as well as pursuing the climate action ambitions of both countries. Qatar, one of the world’s top LNG exporters, also signed an agreement with Spain’s Iberdrola to strengthen their strategic alliance in innovation. The companies will collaborate to address technological challenges related to innovation and digitalisation in smart grids, renewable energy integration, and energy efficiency, Iberdrola said. Iran has agreed to revive a project for an offshore gas pipeline to carry gas from the Islamic Republic to Oman, Iranian news agency IRNA reported in May. During a visit to Oman, Iranian Minister of Petroleum, Javad Owji, agreed to revive the gas project which has been stalled for almost two decades. Iran and Oman signed back in 2004 the initial agreement for the project, which was estimated to earn Iran over US$1 billion per year, IRNA reported.

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GUYANA - Mako-Uaru Oil Filed Complex ExxonMobil $6 billion

Modec and SBM Offshore are involved in a pre-FEED design competition for the FPSO that will be deployed at the field. The FPSO will have oil and gas processing capacities of at least 250,000b/d and 450MMcf/d, with an oil storage capacity of 2 million barrels. Approximately 40-76 development wells will be linked to the FPSO.

INDIA DWN-98/2 – Cluster III ONGC $3.2 billion Bayphase has been awarded a contract for pre-FEED studies of the development. The study work will include evaluating a variety of development concepts. The project will see the development of the UD-1, UD-4 and UD-5 discoveries. Nine wells are planned to be drilled and will be linked to a floating production system linked to the onshore Odalarevu gas terminal by a 144-kilometre pipeline.

TIMOR LESTE - Bayu Undan Decommissioning Santos $140 million

INDONESIA - Tuna Block Harbour Energy $500 million

ISRAEL - Athena Gas Discovery – Olympus Area Energean $600 million

IRELAND - Kinsale Area Decommissioning Project PSE Kinsale Energy Ltd $300 million

Santos have announced plans to decommission the Bayu Undan gas field "as soon as possible", ahead of plans to transform the field into a Carbon Capture and Storage (CCS) facility. The Bayu Undan offshore facilities include a floating storage and offloading facility (FSO), three fixed platforms, a remote well-head platform (WPI), subsea pipelines, a compression, utilities, a quarters platform (CUQ), and a drilling, production, and processing platform (DPP).

Harbour Energy is planning to submit the Plan of Development (PoD) for its Tuna production sharing contract in Q4 2022. The preferred development concept for Tuna asset is a floating production, storage and offloading vessel plus a wellhead platform. Pre-FEED work for the project is being done by Synergy Engineering.

The Athena Gas Discovery is located in Block 12, Israel between the Karish and Tanin A fields. The Athena well was drilled in a water depth of 1,769 metres and encountered a gross hydrocarbon column of 156 metres in the primary target. Preliminary analysis suggests Athena could possess up to 283 billion cubic feet (bcf) of recoverable gas.

PSE Kinsale Energy has confirmed that the Kinsale Head platform removal campaign will begin in late May 2022 and will last until September 2022. The planned activities will be carried out at three different locations, including the Alpha platform in Block 49/16 and the Bravo platform in Block 48/20. For this removal campaign, HMC's Thialf semi-submersible crane vessel (SSCV) will be joined by two anchor handling vessels, the MV Kolga and the MW Bylgia.

www.ogv.energy I June 2022

WORLD PROJECTS

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USA - South Pass-East Breaks Decommissioning Project Promethean Decommissioning Company (PDC) $200 million

A decommissioning project at the South Pass 6, South Pass 60 and East Breaks 165 fields in the US Gulf of Mexico. The project entails the decommissioning of nine platforms, 200 wells and 32 pipeline sections. Petrofac has been appointed by the Promethean Decommissioning Company (PDC) as the project's decommissioning services provider under a contract worth US$200 million. Petrofac will use its proprietary management system Turus to deliver the project.

SENEGAL - SNE North Oil Discovery Woodside $500 million

UAE - Umm Shaif – Long Term Development Project – Phase1 ADNOC $2 billion

NEW ZEALAND - New Zealand Green Hydrogen Projects (FFI) Fotescue Future Industries $100 million

Woodside is to drill an exploration well targeting the SNE North Oil prospect. Original operator Cairn found 4 metres of net oil play in 2017 within their deeper secondary target, this well is designed to test the potential of a separate oil leg below the shallower gas reserves discovered in 2017. If successful, the field will be tied-back to the FPSO that will service the Sangomar Field Development Phase I project.

ZTT Submarine Cable & System has been awarded a contract by NPCC to supply the submarine composite cable for the project. The contract will entail the custom design, manufacture, testing, and delivery of 54.2 km of 6.6 kV and 11 kV submarine composite cable.

Fortescue Future Industries (FFI) and Firstgas Group has signed a non-binding memorandum of understanding to partner up and identify opportunities to produce and distribute green hydrogen to tens of thousands of homes and businesses in New Zealand. Firstgas Group plans to move to hydrogen blending from 2030 and to a 100% hydrogen grid by 2050.

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OFFSHORE

WIND By Tsvetana Paraskova Last year was the best year ever for offshore wind, with a large number of new capacity installed in China and more auctions and installations in Europe and the United States. The industry has the chance to grow further this year and in the coming years and decades as Europe moves to boost renewables and displace Russian gas supply. Many countries in Europe, including the UK, have recently revised up their renewables and offshore wind targets, looking to grow their domestic clean energy sectors and reduce reliance on foreign energy imports, especially in light of the Russian invasion of Ukraine. The EU raised renewables targets, including for wind power, in its plan to eliminate dependence on Russian gas well before 2030.

he UK increased its offshore wind targets in the new Energy Security Strategy prioritising home-grown and homemanufactured energy and energy installations to cut dependence on imported energy. Several major economies, including the UK, have already announced or held massive tenders for new offshore wind projects this year. Europe’s top oil and gas firms – who want to position themselves as broader energy companies – are bidding en masse in offshore wind tenders, including in ScotWind, the first round of Offshore Wind Leasing in Scottish waters in a decade. Majors aim to deliver clean energy and transfer their offshore oil and gas experience onto the renewables energy sector, which has been taking a larger share of their capital expenditures in recent years.

2021 Best Year Ever for Offshore Wind Last year was the best year ever for offshore wind, with 21.1 gigawatts (GW) of offshore wind capacity commissioned, three times more than in 2020, the Global Wind Energy Council (GWEC) said in its annual Global Wind Report 2022 published in April. Offshore wind’s market share in global new installations reached 22.5% in 2021. Huge growth in Chinese installations and growing floating offshore deployment in the UK characterised the best ever year for the offshore wind industry, GWEC said. China accounted for 80% of offshore wind capacity added worldwide in 2021, bringing

www.ogv.energy I June 2022

its cumulative offshore wind installations to 27.7 GW. “This is an astounding level of growth, as it took three decades for Europe to bring its total offshore wind capacity to a similar level,” GWEC said in the key findings of the report. Still, the wind industry needs a more proactive approach to policy making around the world to help offshore and onshore wind growth scale up to the level required to reach Net Zero, Ben Backwell, CEO of GWEC, said. “The last 12 months should serve as a huge wake-up call that we need to move decisively forward and switch to 21st century energy systems based on renewables,” Backwell added, commenting on the report.

Europe Set for Record Offshore Capacity Additions in 2022 New offshore wind capacity additions in Europe are set to hit a record high this year, topping 4 GW for the first time and more than doubling additions seen in 2021, Rystad Energy research showed in April. The capacity additions in Europe will hit 4.2 GW in 2022, beating the 2021 total of 1.8 GW and topping the previous annual record of 3.8 GW set in 2019. The record-high capacity additions this year will be driven primarily by UK projects that will add 3.2 GW of capacity, a new annual high for the UK, beating the previous record of 2.1 GW set in 2018, Rystad Energy noted.

Offshore Wind To Play Crucial Role in UK Energy Strategy The Crown Estate’s tenth annual Offshore Wind Report into the progress of the UK’s offshore wind sector during 2021 showed in May the strong collective progress made by the UK offshore wind industry in meeting accelerating demand for renewable electricity in support of net zero goals. Last year, over a fifth of all global capacity additions were in the UK, the industry supplied enough green electricity to power a third of all UK homes, and a new era of floating offshore wind farms began to take shape. A total of 11% of total UK electricity was generated by offshore wind in 2021, the report found. The combined operating and under construction capacity in the UK is over 20 GW, however, with 44% of this being under construction it will be an exceptionally busy period over the next few years, the Crown Estate said. Looking forward, offshore wind is set to play a crucial role in the UK’s new energy security strategy to boost long-term energy independence and energy security. The government’s strategy, unveiled in April, includes an ambitious goal to increase the pace of offshore wind deployment by 25% and deliver up to 50 GW by 2030, including up to 5 GW of innovative floating wind. “Our history of North Sea oil and gas expertise enables us rapidly to deploy our rich expertise in sub-sea technology and maximise our natural assets. Already, just off the coast of

OFFSHORE WIND Europe Boosts Offshore Wind Targets Globally, cumulative global capital expenditure in the offshore wind sector is expected to hit US$1 trillion by 2031, Wood Mackenzie said in a report in May. By 2030, Wood Mackenzie expects 24 countries to have large-scale offshore wind farms, up from nine today. Total installed capacity is forecast to reach 330 GW, up from 34 GW in 2020. In Europe, the European Commission presented in May its REPowerEU Plan to respond to the global energy market disruption caused by Russia’s invasion of Ukraine.

said Robert Habeck, German Federal Minister for Economic Affairs and Climate Action. “For projects to be realised swiftly, we also need the right regulatory market framework, in particular at EU level,” Habeck added. Outside the EU, the UK and Norway signed in May a joint declaration to continue to engage closely on shared interests in defence, foreign policy and security, prosperity, trade and technology, energy, climate and environment. The strengthening of cooperation will include further cooperation on green and low-emission technology such as offshore wind, offshore grid networks, Robert Habeck and the potential of hybrid projects.

Apart from diversification of gas supply away from Russia, the Commission proposes to increase the headline 2030 target for renewables from 40% to 45%, including tackling slow and complex permitting for major renewable projects.

Aberdeenshire, we have built the world’s first floating offshore wind farms. There will be huge benefits in the Irish and Celtic Sea. And by 2030 we will have more than enough wind capacity to power every home in Britain,” the strategy says. The UK pledged to reduce consent time from up to four years down to one year and make environmental considerations at a more strategic level, allowing it to speed up the process while improving the marine environment. The government seeks to ensure the UK remains a world leader in offshore wind by offering clear investable signals through annual auctions, with the next round a year earlier in March 2023, helping to keep costs down through competition. The Offshore Wind Industry Council (OWIC) welcomed the new targets, with Co-Chair Danielle Lane, Vattenfall’s UK Country Manager, saying: “We need to increase Britain’s energy security as swiftly as possible and industry will work with Government so that the planning process enables projects in the right locations and protects our marine environment.” “We also need to see faster progress on installing vital new grid infrastructure so that we can make the most of the enormous amounts of clean electricity we’re generating offshore,” Lane added.

On the same day, at the North Sea Summit in Esbjerg, Denmark, four EU member states – Denmark, Belgium, Germany, and the Netherlands – pledged to work to quadruple their offshore wind capacity by 2030 and increase it tenfold by 2050. Together, the four countries want to harvest at least 150 GW of offshore wind in 2050 and make the North Sea a green powerhouse for Europe.

Norway, for its part, unveiled on 11 May an ambitious offshore wind initiative, with the aim to have as much as 30 GW of offshore wind power generation in the country by 2040. “Today, we are launching a major offshore wind initiative. Our target is to open up areas for offshore wind power production that will generate 30 000 MW of power in Norway by 2040. This is nearly equivalent to the amount of electricity we currently produce in Norway. Over the next 20 years, we will go from having two offshore wind turbines in operation to having around 1 500 turbines,” Norwegian Prime Minister Jonas Gahr Støre said.

“This is an important day for Jonas Gahr Støre further reducing our dependence on gas imports and achieving climate neutrality. By developing joint cooperation projects with our North Sea partners, offshore wind energy in the region can be deployed even faster and more efficiently and new potentials for green hydrogen will be tapped,”

As Europe and the United States raise offshore wind capacity targets and Asian countries install more offshore wind turbines, the industry is set for faster growth in the coming years and decades.

OFFSHORE WIND

he renewables space is an exciting place to be right now. Sustainable energy is our future and the scale-up has begun in earnest. The ScotWind leasing auction earlier this year, to give just one example, epitomised the appetite for harnessing the potential of offshore wind off the Scottish coast, with 17 projects awarded and an estimated future generating capacity of 25 gigawatts, more than two and a half times what is currently operating or presently in development in Scotland. But the build-out is a complex and multifaceted exercise necessitating that operational processes and backbone infrastructure to support the industry advance in step with new developments: so, increased capacity at harbours and ports, and targeted expenditure in upgrading transmission capabilities via the grid to avoid chronic supply chain pinch points in the future. All this fresh investment is exciting and vitally needed to accelerate this sector, but if, at the same time, we do not develop the framework to smoothly transmit all the new electricity generated from point A to point B, then the journey would be severely undermined. Already, some of these factors are wisely being examined. Similarly, to achieve such rapid growth, there will be a huge emphasis on equipment design and manufacturing. Industry analysts have predicted in the next decade alone close to 150,000 kilometres of assorted new cabling infrastructure will be installed.

Cable monitoring innovation Today, cable failures and faults are already a real problem, so once we witness almost exponential growth over the coming years, this issue could signify a serious flash point lying in wait for owners and operators, creating major concerns over cable integrity, leading to frequent interventions and substantial lost revenue. In 2018, Proserv responded to an industry challenge instigated by ORE Catapult around addressing gaps in both the scrutiny and innovation regarding the serious problem of cable failures. So, we engaged our subsea heritage and reputation for controls provision and integration, alongside our agnostic technology positioning, to collaborate with other experts, in power systems instrumentation (Synaptec) and subsea power cable engineering and management (BPP Cable Solutions), to build a holistic real-time monitoring solution, known as ECG™. Our system can deliver the necessary visualisation of cable asset condition and performance to reduce both downtime and OpEx, as expected by an industry on the move.

if the sector sticks to an out-dated periodic maintenance model, we risk not moving forwards sufficiently.

Paul Cook

VISUALISING THE FUTURE

challenges represent an opportunity for innovation

Paul Cook, Business Development Director – Renewables at Proserv emphasises that the rollout of new offshore wind developments needs to be matched by advances in operational processes. Traditionally in offshore wind, operations and maintenance (O&M) strategies are based around regular scheduled procedures to assess infrastructure that is only partially instrumented, requiring the deployment of personnel and vessels. At Proserv, we strongly advocate adopting a condition-based O&M strategy not only to reduce costs but to prioritise the integration of the innovation and capabilities of data, analytics and machine learning because,

We are at a position where we can obtain whatever specific data sets we need through utilising the appropriate sensors. Although offshore wind is data heavy, it has taken a long time to get to a place where it realises it no longer has to keep on doing things the same way. ECG™ offers operators better visibility and understanding of the live condition of their assets, empowering decision-making through the insights generated from data analytics, so alleviating the requirement for physical O&M inspections and the CO2 footprint of unnecessary journeys.

Visualisation is key Later this year, our cable monitoring system will be deployed on Equinor’s Hywind Scotland floating wind farm. This is an exciting and unique opportunity for us as very little is known yet about the condition and integrity of dynamic cables utilised in a floating wind environment. If future generating capacity targets are to be met, floating wind will have to play a key part and presently the sector does not understand what the challenges are going to be when it comes to operating and owning cables on a 25-year floating wind project as there are no tangible current data reference points. The data harnessed and analysed by ECG™ will provide that vital and accessible visualisation to operators. The bottom line, whether floating or fixed, is that the industry urgently requires better cable management philosophies. Asset owners need to embrace the power of data analytics, and the insights generated from that. These can identify potential problems before they arise, enable better allocation of expenditure and optimise O&M schedules. This is what the industry demands as it gears up for accelerated growth. A Proserv technician surveys an offshore wind farm

We saw this challenge as an opportunity to innovate – by utilising fibre optic sensing, to which we were already accustomed due to our legacy in the subsea space. Adopting the same mindset, technology and integration capabilities, we looked to apply that template in offshore wind. The evolution of ECG™ does not represent a diversification or a transition, but rather a continuation of our expertise.

www.ogv.energy I June 2022

Providing leading controls technologies to enhance performance, optimise assets and extend life right across the energy sector. For more information visit www.proserv.com

OFFSHORE WIND Background

J+S SUBSEA SET SAIL

for renewable growth J+S Subsea is growing its team, following recent contract wins valued at more than £1million.

The strong growth follows the formation of the company less than two years ago, after a management buy-out of the subsea controls engineering division of SEA, a subsidiary of the independent technology group Cohort plc. An upturn in new work from emerging marketplaces has seen J+S Subsea Limited deploy client representatives on decommissioning projects and inspection, repair and maintenance campaigns. It moved to new larger premises in Kintore last year, to acquire larger workshops and stores. Technicians and engineers have been carrying out electrical diagnostics on clients’ assets, as well as the design of electrical distribution units and jumpers to reinstate power.

Net zero transition The 22-strong team is set to grow by up to six members as the Aberdeenshire-based business continues at the forefront of the subsea production control market. Its core work in oil and gas has expanded with decommissioning projects as well as a strategic move into supporting the offshore renewables sector. J+S Subsea’s expertise in the design of bespoke subsea electrical and hydraulic distribution assemblies means they will be looking for subsea control engineers. The team is also increasingly in demand in an onsite technical authority capacity.

PRE - COMMISSIONING • Sandwave Clearance • Route / Debris Clearance • Boulder / Rock Clearance • Seabed Levelling / Deepening

Its innovative Legacy Locker initiative has also sparked huge interest in the industry. The open industry portal for the reuse, refurbishment and recycling of subsea equipment experienced a surge in demand due to the Covid-19 pandemic creating supply shortages. There has also been a move into the renewables sector, with work including design prototype support in offshore wind farm applications. Other projects include the design of new fibre optic junction box and bespoke trenching tool for 23 Degrees Renewables, who install near-shore and onshore power and telecommunication cables.

Phil Reid

This follows J+S Subsea’s participation in Fit 4 Offshore Renewables (F4OR), a 12-18 month ORE Catapult programme that is supporting them in accessing significant supply chain opportunities. This comes in the wake of the ScotWind leasing round results that presents a once-in-a-generation opportunity to drive economic and supply chain growth and job creation within the offshore wind sector. Managing director Phil Reid said: “At J+S Subsea, meeting the needs of our clients will always be our main goal. “By consolidating our position within traditional markets and exploring new ones, we have been able to withstand the vagaries of recent operating conditions and we now look to the future with confidence and optimism.”

For more information visit: jands.co.uk

COMMISSIONING • Cable Jet Trenching, Inter-Array & Export, Fibre Optic, Interconnector • Cable Remedial Lowering • Energised Cable Lowering • Pipeline Trenching, Umbilical, Flexi, Trunklines

IRM • Cable Deburial • Cable Cutting and Removal • Cable Freespan Correction • Pipeline Deburial / Access • Pipeline Freespan Correction • Rock Dump Dispersal • Pre Cut Trench Debris Clearance • UXO & Salvage Deburial / Access • Harbour Clearance / Deepening • Spud Can Clearance / Cleaning • Monopile Footprint Seabed Levelling • Subsea Structure Deburial / Access • Jack Up Footprint Seabed Levelling

DECOMMISSIONING • Subsea Structure Deburial / Access • Pipeline Lowering • Mattress Lowering / Removal • Cable & Pipeline Cutting / Recovery

T: +44 (0) 1224 698698 E: subseainfo@rotechsubsea.co.uk W: rotechsubsea.co.uk

OFFSHORE WIND

OPERATIONS & MAINTENANCE There can be hundreds of blades to manage across any individual wind farm, so it is crucial that the data delivered is of the highest quality and reported accurately with: • Correct identification of all damage • Correct classification of damage types • Correct damage severity categorisation • Correct sizing of defects • Correct scoring, to further support repair prioritisation

How can inspection help to ensure the integrity of blades & structures is maintained? Innovair’s inspection solutions can support WTG operators throughout the entire life cycle of an asset, with inspection applications from blade tip to foundations, including: • External Blade Inspection • Internal Blade Inspection • Structure & component Inspection • Splash zone & subsea Inspection

External Blade Inspection Seamlessly integrating autonomous drone data collection with powerful analytics enables safe, accurate & repeatable blade inspections. Data is captured within approximately 25 minutes per turbine, covering Leading Edge, Trailing Edge, Pressure side and Suction Side. All data is thoroughly examined by our certified visual inspectors, before being presented through an online portal. Stakeholders can be granted access to easily review and collaborate using your blade inspection data, with our experienced inspection engineers on hand throughout to provide engineering support and help you gain visibility on the condition of wind turbine blades, prioritise repair requirements and get the most value from your budget. Our drone inspection solutions provide 100% blade coverage, ensuring all damage is identified & categorised. Tailored reports can be generated quickly allowing you to focus on critical damages and keep turbines running.

www.ogv.energy I June 2022

Internal Blade Inspection

Offshore Wind Asset Inspection

We put our Qualified Inspectors at the controls of Remote Inspection Technologies (RITs), including our confined space drones and robotic crawlers, to safely deliver internal blade inspections to the highest standards.

Offshore wind assets, including Offshore Sub-Stations and weather masts, also require periodic inspection to maintain their integrity. Innovair provide a set of complimentary services to support these inspection requirements.

Our approach can increase the internally inspected length of a blade by over 40% compared to man entry inspection methods and reduces the inspection time by over 50%. The real benefit is that our team remains safely outside of the blade. Internal & External blade inspection data can be correlated within our online portal to maximise your understanding of blade condition and further support decision making.

WTG Main Structure & Component Inspection

Visual Inspection using drones can be deployed initially, gathering inspection data across all external topsides and structures, jacket, transition piece and boat landings (dependant on asset type), before undertaking any additional inspection works deemed appropriate. To help you manage these assets we have developed tailored Remote Visual Inspection (RVI), Advanced NDT and supporting services including surface preparation / cleaning to enable thorough inspections of these assets, be that corrosion mapping of towers and Splash zone (Monopile / Transition Piece), or internal / external inspection of Caissons & J-Tubes.

Visibility on the condition of your assets

Operating a fleet of specialist drones and robotic crawlers we can capture visual inspection, thermal inspection, ultrasonic thickness & photogrammetry data sets. Inspections can cover all components of an onshore or offshore WTG including the nacelle, spinner, hub, tower, transition piece, boat landings etc. Our team are experienced inspection engineers first & foremost, we then train them to be highly competent in the operation of drones & other robotics, so they are equipped to collect highquality inspection data, accurately and repeatably.

We want to hear about your inspection challenges and often engage with customers in an advisory capacity, working to understand inspection needs and helping to define a suitable solution. We have a series of established inspection capabilities but when an off the shelf solution doesn’t solve the problem, we’ll create one that does.

OFFSHORE WIND

James Fair

About Innovair Established in 2015, Aberdeen-based Innovair is a Specialist Inspection Solutions provider. It has extensive experience in supporting engineers in disciplines such as structural, integrity, operations & maintenance roles within oil & gas and wind energy, providing visibility on the condition of their assets through trusted inspection data. Operating both onshore & offshore in the energy sectors, Innovair offers Advanced NDT, Remote Visual Inspection, Drone Inspection & Bespoke Solutions development, typically using robotic systems to gain access safely & efficiently to remote areas of high-value assets, whether at height, in confined spaces or around the splash zone.

Combining highly experienced inspection engineers & industry leading inspection technology, with our in-house R&D & Engineering knowledge we select the right tooling and methodology for each inspection project, innovating and applying learnings to continually improve.

Energy companies around the world. Bringing together this experience, including ~3,000 offshore days between our two founders alone, Innovair has successfully developed a client base that trusts us to deliver, a trust well placed given the successful delivery of >200 Inspection projects to date.

Innovair has multiple contracts in place with UK onshore & offshore wind farm operators, with one recently awarded 3-year contract covering the inspection of wind turbine blades and main structures across some 170 turbines and 3 offshore substations. Innovair’s largest contract win in the sector to date, it is a huge endorsement for our growing business.

If you need ‘Data you can trust’ and are looking for an experienced service provider who understands your inspection requirements, contact Innovair.

The team at Innovair have completed inspection projects for some of the largest

We want to work with you to help solve your inspection challenges.

We are a specialist inspection solutions service provider focused on driving innovation through the development & deployment of advanced inspection robotics For more information visit www.innovair.co.uk

OFFSHORE WIND

XOCEAN

Delivering carbonneutral, economic, safe and quality ocean data to the world’s largest companies

Using Uncrewed Surface Vessels (USVs), XOCEAN provides turnkey ocean data collection services ranging from mapping the seabed to inspecting subsea structures and monitoring the environment. XOCEAN’s USVs offer significant benefits including safety with operators remaining onshore, efficiency with 24/7 operations and environmental with ultra-low emissions which together leads to significant economic savings.

XOCEAN works with an extensive range of customers across many sectors, however what they all have in common is the ambition to reduce carbon emissions and improve marine safety. The three key benefits that XOCEAN provide; safety, environment, and economics align closely with the core objectives and requirements of their clients. Traditional energy is quickly shifting toward more sustainable solutions. The ocean economy is growing at a remarkable pace, with the OECD predicting it to have doubled to $3 trillion by 2030. XOCEAN’s vision of a green future is one where innovative marine companies work together to gather and deliver ocean data that is both low-risk and low-carbon.

Rather than using XOCEAN XO-450 Uncrewed Surface Vessel (USV) conventional ships with a full crew, XOCEAN has developed a technology called the XO-450 Uncrewed Surface Vessel (USV). The vessel is the size of an average car and half the weight. Travelling out to sea, the vessel collects data from the marine environment while emitting just 0.1% of the carbon of traditional ocean vessels. XOCEAN offset all carbon emissions, and as a result they deliver carbon neutral data to their clients. In 2021 the team displaced the emission of over 22,000 tonnes of carbon, with a stated corporate objective to displace one million the development and construction phases tonnes over the next five years. This target through to routine integrity inspections during is grounded in XOCEAN’s ambitious plans 25 years of operation and final surveys during to increase business with scale and pace decommissioning. Traditionally, this data globally in the coming years. has been acquired using conventional survey In addition to substantial reductions in vessels. However, we are seeing strong demand environmental impacts of operations, from customers for USVs to perform the same XOCEAN’s unique technology delivers task, delivering a safer, low carbon and lower data to clients at a lower cost cost solution. In the past year, we have and eliminates safety risks successfully delivered over 50 for crews. As the XO-450 missions across Europe, North is satellite controlled, America, and Asia, including The vessel collects this allows pilots and 26 Offshore Wind surveys surveyors to work from for new and existing clients data from the marine anywhere, including their such as SSE Renewables own homes. environment while and Ørsted.”

emitting just 0.1% of Comprehensive, reliable XOCEAN are unique data enables companies in the data collection the carbon of traditional to make informed sector: instead of selling decisions, manage their ocean vessels technology to marine operations responsibly, and companies, they operate the carry out work with minimal technology in-house, making impact to the environment. With them an ocean data as a service over 120 projects delivered and business. over 45,000 operational hours completed, XOCEAN is championing the growth of the “A typical example of a project for XOCEAN green ocean economy by collecting data in would be a recent Offshore Wind Farm site a new and more sustainable way. investigation survey. The XO-450 USV was launched from shore, transiting over 120km XOCEAN CEO James Ives said, “An offshore to the survey location. The USV completed wind farm requires data throughout its 30the survey activities in site conditions of up year lifespan, from detailed surveys during to 2.5m wave heights, providing accurate and high-resolution seabed data from both Multibeam Echosounder and Sub-Bottom Profiler sensors.” XOCEAN’s fleet of uncrewed vessels is on track to double in 2022 as they continue to push the boundaries of the technology to meet growing industry demand.

Over the past year, XOCEAN has tripled their revenue and opened new operations in Canada, Norway, the US and most recently, Australia, to complement its operations in Ireland and the UK. The team has grown from 41 to over 150 and plans to recruit 100 additional hires in the next 6 months. To find out more about current roles available, visit xocean.com/careers

www.ogv.energy I June 2022

Using Uncrewed Surface Vessels (USVs), XOCEAN provides turnkey data collection services to surveyors, companies and agencies. For more information visit www.xocean.com or email info@xocean.com

INNOVATION & TECHNOLOGY ZONE SPONSORED BY

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In the past year alone, we have helped our clients successfully claim more than £200m in tax relief to support their future growth.

How does Intrinsix work?

STANDARDISE YOUR PROCESSES Arnlea Arnlea is a SaaS company working extensively in the Energy industry, supplying its Intrinsix products to optimise mobility, data capture and efficiency in Asset Management. Intrinsix is available as a complete solution or in separate modules – IntrinsixIM for Inspections & Maintenance, IntrinsixMM for Materials Management as well as IntrinsixEX for the inspection & maintenance of hazardous area equipment –running standalone or fully integrated with clients’ corporate systems. Deploying Intrinsix enables multi-million pound savings and payback of the system well within a year, whilst improving operational excellence, compliance, and asset integrity.

Company Details Website: www.arnlea.com Email: info@arnlea.co.uk Tel: +44 (0) 1224 620000 Address: Johnstone House, 50-54 Rose Street, Aberdeen, Scotland, AB10 1UD, UK

Technology Development stage: Commercial Launch date: 1994 (first version) 2021 (latest update)

www.ogv.energy I June 2022

to transform decision making

· IntrinsixMM for Materials Management enables track & trace of all stock, materials and equipment; harness the mobility and connectivity of Intrinsix on the “shop floor”. · IntrinsixIM for Inspections and Maintenance provides plant operators with the tools to ensure safety and the effective operation and maintenance of equipment. Intrinsix configurable strategies allow data capture of full asset inspections from hoses and small bore tubing to lifting equipment and everything in between. · IntrinsixEX for Hazardous Area Inspection and Maintenance uses mobile Auto-ID technology such as RFID tags alongside strategies including RBI to increase compliance and decrease costs in your Ex inspections and maintenance activities.

Mobile and AIDC technology Arnlea’s core capability and experience lies in the application of mobile and AIDC technology, which is at the heart of our Intrinsix software. In short, it enables front-line supply chain and operations personnel to carry out their activities quickly, easily and accurately. Using handheld mobile devices, inspectors can read RFID tags easily. The devices themselves are ruggedised for use in warehouses and hazardous or challenging field environments. They range from smartphone-like devices and tablets through to Zone 1 ATEX-certified handheld devices suitable for potentially explosive atmospheres. Fixed readers can also be deployed at points throughout the supply chain, along with active RFID tags to enable tracking and tracing of equipment, materials, and containers. Standalone or Integrated Customers can choose whether to run Intrinsix as a standalone system or integrate seamlessly with their corporate operational system. Intrinsix has its own database to allow office and field-based management and staff to use their desktop computers, for data entry and processing, as well as comprehensive web-based reporting, allowing management to make faster, better informed decisions.

For many of our customers, their corporate and asset management systems are an integral part of their organisation and processes and this ability for our software to integrate tightly and securely with their own, is an important requirement. Intrinsix addresses the need for a secure environment with the validation and authentication of ERP/EAM system users on its handheld mobile devices. Many of our customers’ operating locations do not have the capability to connect to a network and here, Arnlea’s experience unmatched and invaluable. Intrinsix mobility solutions operate in both connected and standalone mode, allowing data to be captured and retained on our handheld mobile devices unhindered, with the data transfer taking place once the device is docked into a connected environment or when Wi-Fi connectivity is re-established.

INNOVATION & TECHNOLOGY ZONE

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Functions and Benefits • Standalone or integrate with existing ERP/EAM systems, such as SAP and Maximo, to make using Intrinsix straightforward for any business. • Enriches existing business processes by enhancing both data capture and management reporting. • Delivers significant operational efficiency through providing consistency, enhancing team productivity and uniformity of recording to improve overall decision-making. • Unambiguous equipment and materials identification which reduces shelf-life and improves better audit trail. • Reduces costly over-stocking by creating more accurate stock records and capacity. • Effective frontline data capture by standardising reporting. • Promotes plant uptime and regulatory compliance by reducing inaccuracies and incorporating compliance into the software. • Promotes a safer working environment by coordinating inspections and raising individual engagement with specific product risk. • Reduces project lead times by enabling better use of time and teams. • Simple user adoption to improve productivity, operational efficiency and user engagement. • Rapid return on investment allowing CAPEX focus to shift to other core areas.

INNOVATION & TECH SPONSORED BY

OUR DIGITAL INDUSTRY SPONSORED BY

Who is Sword?

www.sword-group.com

As the North Sea’s largest provider of data and digital services, Sword focuses on solving the industry’s most critical business technology challenges by enabling our clients to capture, manage, and utilise data to make informed decisions. This is supported by technology adoption and people engagement, together with modern ways of working to give confidence that the right decision is made every time.

DATA-DRIVEN ENERGY TRANSITION 'Event Review'

and use data as a trusted asset. We have Vintage formats, industry-specific standards - and unreadable quality information which has hampered the take-up of technology that has long played an important part in other industries. Tackling the legacy data problem must be done in some form, to leverage the Machine-Learning, AI, Cognitive Search and other technologies on the market. In order for our energy industry to tackle the challenges we face, it is vital that we understand what “good” data looks like to a new digital generation. Does it need to be perfect? We need to attract a new generation of digital skills to the Energy Industry, if we’re to extract the insight and value we need to drive data-based decision making in real time. We can we learn from other industries how we attract the Data Science, Engineering, Visualisation and Analytics skills to help us derive value at scale. It is vital we understand the place traditional data custodians, data managers, document controllers and IM specialists play in this shift towards the new generation of digital skills.

Sword Group’s CDO Jared Owen moderated a panel at OGV Energy’s Data-Driven Energy Transition event at TECA Aberdeen last month alongside a selection of peers from the Digital sector, armed with only a box of Lego, to discuss the importance of foundational data and governance when considering a shift towards becoming a true DataDriven Organisation. “One of the fun parts about Lego is - you can throw all your bricks together in a giant tub and then start to build something by searching through a sea of bricks - and trying out new patterns and build new models you didn’t think about before.

www.ogv.energy I June 2022

Organisations are starting to understand what digital transformation specifically means to them. 2022 is going to be all about building on strong data foundations and truly embedding digital into the business. There are a number of industry efforts to future proof our data foundations for Industry 4.0 and to shift to more open-source technology stacks. Our industry focus should be on identifying the path of least resistance. If we are to achieve data-driven outcomes, then we need to make sure that data is placed at the heart of our In order for our operational and project thinking.

Those of us that deal with data know that as much as 80% of the process - is cleaning up the data - and doing exploratory analysis. The data we use comes in many forms - from energy industry to unstructured to structured and tackle the challenges we to Realtime, but it only really becomes valuable when we face, it is vital that we give it purpose.

understand what “good”

For our energy transition - it’s data looks like about learning from what we have done well - and what we should avoid, generating actionable insights along the way – this can help maximise the life of our oil and gas assets and transition best practice to renewables such as wind, CCS and Hydrogen. But….what if we don’t trust the data, what if it is not what we thought it was?...” In our industry we deal with our legacy data and leverage the latest technology and innovation techniques in order enable business decisions

For more information, visit www.sword-group.com

Rig Control Products Ltd

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Step into a safer environment High quality, industrial anti-slip safety products.

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For over 30 years, we’ve designed and manufactured market-leading anti-slip safety products that hugely improve safety standards on stairways, walkways, decks, ladders, ramps, gangways and pipes, in a range of industrial settings.

WIND ENERGY: powering the way to net zero RenewableUK speaks to Net Zero Technology Centre about the challenges we need to overcome in our fight to achieve net zero targets. In Scotland, people spend a lot of time talking about the weather. The wind blows a lot, which is a blessing in the face of climate change and the growing need for sustainability. If Scotland is to meet its net zero targets, then there is no time to waste when it comes to constructing its offshore wind infrastructure.

The power generated by offshore wind turbines will be crucial in the coming years and decades. The energy produced will be clean, green and economically significant, creating tens of thousands of new jobs and attracting billions in private investment. Scotland has already built one of the world's first floating offshore wind farms just off the coast of Aberdeenshire, and further developments are underway. The British Energy Security Strategy, recently published by the UK Government in response to the conflict in Ukraine, sets a new ambition to propel the offshore wind industry forwards even faster. The Strategy also commits the government to significantly reducing approval times for new offshore wind farms from four years to one year. The Prime Minister, Boris Johnson, speaks in the document of "slashing our way through needless and repetitive red tape" to allow things to happen quickly.

He adds: "Energy companies tell me they can get an offshore wind turbine upright and generating in less than 24 hours, but that it can take as much as 10 years to secure the licences and permissions required." The Strategy steps up the proposed pace of delivery from 40 gigawatts to 50GW by 2030, with up to 5GW coming from floating offshore wind. Floating wind is particularly important because it allows turbines to be located further from the shore, where the water is deeper, and the wind speeds are even higher, creating more potential for power generation. There are challenges to increasing the pace of the rollout, but Scotland has determination and a long history of energy expertise, skills, partnership, and support from the Scottish and UK Governments to make it happen. "This is very much about partnership", says Mary Thorogood, Government Relations, External Affairs and Communications Director at the Net Zero Technology Centre, which seeks to develop and deploy technology for an affordable net zero energy industry. "We can't do this without industry, and it's about leveraging the funding and the knowledge from areas such as the oil and gas industry and the technology developers." She admits that working towards 50GW by 2030 is a huge ambition. "We are well on our way there, but we need a delivery plan." The challenges to achieving this 2030 target include finding suitable sites, speeding up the consenting process, and connecting to the grid faster. However, the industry believes it is possible. “I’ve heard it called a national endeavour. We already have the working infrastructure, and that experience is crucial for the industry, developers and the supply chain.”

www.ogv.energy I June 2022

RENEWABLES

The power generated by offshore wind turbines will be crucial in the coming years and decades.

Meeting the 2030 target will result in more than enough wind energy to meet the Prime Minister’s target of powering every home in Britain. It will also mean that most of the country's electricity will come from wind. The UK's track record in embracing wind energy is undisputed. More than 10GW of offshore wind are already operational. Scotland continues to develop in this area, with two of the largest offshore projects in the world, the 1075 megawatt Seagreen and the 950MW Moray East projects, both under construction in Scottish waters. It is now more than a decade since the world's first 30MW deepwater floating wind farm, Hywind, was developed in Scotland. In addition, the 50MW Kincardine Offshore Wind Farm is now generating power. It is currently the largest floating wind array on the planet, but others are catching up fast. The recent ScotWind leasing round awarded sites for 17 projects covering 7,000 square kilometres. Together, they have a potential generating capacity of 25 gigawatts, with 16 gigawatts expected to come from floating wind. The First Minister, Nicola Sturgeon, has described the ScotWind auction as a "truly historic opportunity for Scotland's new net zero economy" and a "massive vote of confidence in Scotland." The cost of offshore wind power has fallen dramatically in the past few years, and it is anticipated that it will remain one of the cheapest power sources. The investments made following the ScotWind leasing round will help reduce

floating wind costs, but further investment is required. We need to drive this technology down the cost reduction curve and provide an actionable roadmap to ensure floating offshore is a cost-effective solution in the energy transition. We have seen this happen with fixed offshore wind. Floating wind is no different. There is also a significant opportunity for the supply chain. With its legacy of pioneering and excellence in oil and gas, the North East of Scotland is at the forefront of technology development. Its decades of subsea expertise are supported by academics and researchers from world class institutions. The recent Scottish Offshore Wind Energy Council (SOWEC) Collaborative Framework Charter further supports the opportunities for strategic investment by coordinating discussions between offshore wind developers and Scottish ports. As Mary Thorogood points out, there is also a significant opportunity for producing green hydrogen from wind power, very much a clean fuel of the future. "Production is a technical process, but the electrolyser can produce hydrogen in the turbine or onshore. In each case, it's fundamentally the wind making the hydrogen. "The huge opportunity for green hydrogen in Scotland lies in exporting, particularly to Europe. The Net Zero Technology Centre is working on the Hydrogen Backbone Project, funded by the Energy Transformation Fund, to look at hydrogen transport and the potential for using existing pipelines. "We don't have all the answers yet, but we are looking to better understand just what we will need."

For further comment or information about RenewableUK, please visit www.renewableuk.com

RENEWABLES

SPONSORED BY

Michael is a Client Partner within Norman Broadbent Group supporting and advising clients across all our brands and service offerings, ranging from Executive Search through to Interim, Solutions and Consulting. Mike works across multiple sectors, guiding our clients and creating bespoke solutions to meet their needs.

www.normanbroadbent.com We have a simple and straightforward objective: to help our client manage and successful drive change. Mitigate risk, grow, and succeed.

Prior to joining Norman Broadbent Group, Michael was Group Sales Director for an international talent solutions business, specialising in servicing the industrial and life sciences sectors where he supported large enterprise organisations, SME’s and PE backed businesses. During his 20-year career Michael has held multiple leadership roles, managing teams across Europe, Africa and APAC. Michael is a graduate of Liverpool John Moores University.

Mr Watson, who has spent 10 years on the board of Wood, will remain in the role until a successor is found, expected later this year. Speaking following the announcement, he was keen to stress that he is “not going anywhere yet” as he works to get the sale of the company’s Built Environment business wrapped up. Doing so would provide a “milestone” to close on, he added. Mr Watson said: “We’ve still got a bit of business to deliver and I do want to get that Built Environment sale over the line and ensure a good handover with my successor.”

Martin Hattass

Will Holland

Robin Watson

The outgoing CEO of Wood, Robin Watson, believes the energy services giant is on course for a “phenomenally positive” future as he prepares to step down

Europa Oil and Gas announced the appointment of Will Holland to the role of CFO and Executive Director later this year

Martin, who is a leader in the training field, joins 3t from City & Guilds Group where he was Managing Director for Technical Training. Prior to that role, he was responsible for the skills agenda at Siemens plc from 2006 for the UK as well as the company’s apprenticeship provision in Europe, Middle East and Africa.

Since 2013 he has run a successful consulting business which advises energy companies on commercial, financial and M&A matters.

Martin joins 3t Energy Group at a time of growth as the team supports its domestic and global client base with world-leading training and competency solutions. Martin’s vast industry experience through his work with the Institute for Apprenticeships, National Skills Academy for Rail (NASR) and the Energy Efficiency Industrial Partnership will enhance 3t’s delivery of developing a safer and more efficient work place.

Mr Holland has significant experience in corporate acquisitions, establishing and growing small cap E&P companies, debt and equity financing, balance sheet restructuring and investor relations, much of which was gained working on deals across the UK and Europe.

Kari Ertresvåg

www.ogv.energy I June 2022

AIS Survivex Charlie Guthrie has appointed a new Head of Renewables for UK and Europe

Charlie Guthrie has moved into the role of Head of Renewables for AIS Survivex having previously established and managed the marketing function for the training provider and other business units within its parent company, 3t Energy Group. Having worked in renewables over the last 15 years he brings a wealth of knowledge and connections with key stakeholders in the sector.

Aker Solutions has appointed Kari Ertresvåg as senior vice president for communications

Ms Ertresvåg brings with her extensive experience and will be central in communicating the business opportunities in the energy transformation to stakeholders globally. In her new position, Ertresvåg will manage the communications function at Aker Solutions and report to EVP Marianne Hagen. Ertresvåg has wide experience within communications and public affairs, including senior positions at the global aluminium and energy company Hydro.

3t Energy Group Accounces key appointment of Martin Hattass as Corporate Development Director

Mr Holland will take up the position at the AIMlisted E&P firm effective of 1 June 2022. Mr Holland is a financier with a career spanning over 25 years in the upstream industry, having begun as an engineer focused on North Sea operations with Halliburton. He later earned an MBA from Heriot Watt University before moving into upstream banking at Macquarie Bank.

5 2

Michael Wallace

Charlie Guthrie

In the last year the training provider has reinforced its position in the renewables market. In its latest report the Global Wind Organisation (GWO) confirmed that AIS Survivex operates the world’s largest training centre and it has been expanding its business through acquisition and its extension into the Scottish market aiding multiple projects.

ON THE MOVE

Weatherford said H. Keith Jennings will step down from his role effective July 31, though it is “not the result of any dispute or disagreement regarding the Company’s accounting or financial practices, statements, conditions, or operations”. Mr Jennings joined Weatherford as CFO in 2020, having previously held senior roles at Calumet Specialty Products Partners, Eastman Chemical Company and Cameron.

Peter Mather

CEO Girish Saligram mentioned: “Keith’s dedication and management to the Firm over the previous two years helped Weatherford return to a serious public trade, improved and stabilised the capital construction whereas additionally making vital contributions to strengthen the Firm’s working profile."

H. Keith Jennings

Peter Mather Joins Net Zero Technology Centre Board

Weatherford CFO to leave the company at the end of July

The Net Zero Technology Centre (NZTC) has today [21 April 2022] announced that Peter Mather has Jennifer Richmond joined the Board as Senior Independent Director. With nearly 40 years’ experience in the energy industry, Peter has demonstrated a passion for transitioning the industry towards net zero. Having recently left his position at bp as SVP and Regional President for its UK/European integrated business, where he played a key role in driving bp’s strategic shift towards a net zero company, Peter remains as non-executive Chair of the bp Europe Supervisory Board.

Andrew Adams

Bruce Cormie

Craig International have made three new appointments to the board of directors to support its rapid international growth

Bruce Cormie becomes Director of North American operations; Steve Gibson Director of Middle East operations and Andrew Adams is appointed as Finance Director.

Chinese oil and gas giant CNOOC Limited has revealed several changes to its board of directors

Chinese oil and gas giant CNOOC Limited has revealed several changes to its board of directors and senior management team after its chief executive officer (CEO) decided to resign from the role.

All three have been with Craig International since it embarked on its ambitious global expansion plans over the last few years and have contributed to success through adding new clients, expanding into new geographical markets and increasing turnover from £70M in 2015 to an estimated £120M this year. Bruce joined Craig International’s Aberdeen office in 2012 before relocating to Houston to become country manager, where he has been responsible for all operations within North

Zhou Xinhuai has been appointed as an executive director and the company’s new CEO whilst Yan Hongtao, who has a master’s degree in petroleum storage and transportation from China University of Petroleum, has been appointed as vice president.

America, including opening and managing the company’s base in Calgary. Steve gained experience in the UK and overseas, working in a range of shipping and supply chain roles before joining Craig International in 2018 as regional manager, Middle East. Since then, he has been instrumental in positioning the business for growth in the Middle East where annual revenue has grown from $15million to more than $40milion and staff numbers have increased from five to more than 40 across its bases in Dubai, Qatar and Oman. Andrew is a qualified chartered accountant and member of the Institute of Chartered Accountants of Scotland with more than 30 years’ financial experience in energy services, the past seven of those as Craig International’s finance controller. He has been heavily involved with the group’s expansion into new areas in the Middle East, setting up necessary finance functions and ensuring regulatory compliance.

CNOOC announced multiple changes to its board of directors and senior management team on Thursday, explaining that Xu Keqiang, who served as the firm’s CEO since 2019, has resigned from the role and has been redesignated from executive director to nonexecutive director.

Steve Gibson

Rovco has appointed Craig Davis to new key role

Rovco has appointed Craig Davis to the new key role of Global Account Director – Survey, as it moves to further accelerate the growth of its core capabilities and portfolio of offshore survey solutions.

Craig Davis

Craig will leverage his more than 25 years’ offshore survey experience to help take the business to the next level, building on Rovco’s experience as a leader in asset integrity and survey projects.

Content provided by Norman Broadbent

DECOMMISSIONING SPONSORED BY

www.wellsafesolutions.com

SAFE, SMART & EFFICIENT The complete package for well decommissioning Well-Safe Solutions provides a ground-breaking approach to the safe and cost-efficient decommissioning of on and offshore wells. We offer a specialist well abandonment service that allows operators to meet the challenges and regulatory imperatives around decommissioning, while significantly reducing costs.

£2m project to build world-leading decommissioning test facility the costs and risks involved in deploying new techniques for sealing wells. The project is funded by the Scottish Government’s Decommissioning Challenge fund via the Net Zero Technology Centre, which along with the University of Aberdeen is a partner in the NDC. The North Sea has some of the world’s most stringent regulations when it comes to well plugging and abandonment, which is the biggest single decommissioning cost that North Sea operators currently face. Current practices generally require the use of a drilling rig to plug and abandon a well at an average cost of £5m each. The National Decommissioning Centre (NDC) is heading a £2 million project to construct a world-leading testing facility for oil and gas well plugging and abandonment. The portable onshore test facility – known as a Barrier Qualification Test Chamber - will be built by Ellon-based engineering firm SengS, a Pryme Group company, and based at the NDC in Newburgh.

As well as directly benefiting the local economy through the construction and operation phase, it will also enable the development of a national research cluster in the field, involving local companies and organisations. It will be used by technology developers to trial new techniques that could significantly reduce

While new technologies are emerging that don’t require the use of a rig, proving these technologies requires access to an offshore well, which is risky and costly. The Barrier Qualification Test Chamber will overcome these issues by providing a safe and inexpensive alternative for testing that can stimulate the commercialisation of new techniques.

Petrofac Wins Mauritania Well Decommissioning Contract from Tullow Oil Petrofac Ltd. said that it has been selected by Tullow Oil PLC to provide well decommissioning services in Mauritania in a contract with a potential total value of more than $60m. The London-listed provider of services to the energy industry said the contract will involve the project management, engineering, planning, and plugging and abandonment of seven subsea wells on Tullow Oil's Banda and Tiof fields. Petrofac said it will take over responsibility for the well decommissioning from Maersk Decom, who have been preparing the work since 2020. The offshore work will take place from the fourth quarter of this year to the first quarter of 2023. Petrofac will provide all personnel, assets and equipment needed for the project, it said. "Since 2016 Petrofac has delivered three successful decommissioning campaigns for Tullow Oil. We look forward to emulating this success for them in Mauritania, and across the African continent as we continue to grow our business here," Nick Shorten, chief operating officer for Petrofac's asset solutions business, said. Shares in Petrofac at 0836 GMT were down 0.6 pence, or 0.4%, at 153.3 pence.

www.ogv.energy I June 2022

DECOMMISSIONING Petrofac Nabs $60 Million Mauritanian Decommissioning Contract London-listed, Tullow Oil, announced the transfer of project decommissioning work in its Mauritanian Banda and Tiof fields from Danish megafirm, Maersk Decom, to British oilfield service provider, Petrofac. The contract, holding a potential total value of over $60 million, includes the provision of project management, engineering, planning, plugging and abandonment services across seven subsea wells in Banda and Tiof together with provision of all personnel, assets and equipment.

Management services for the Island Innovator drilling rig and offshore support vessels is also included. With the mutually agreed contract transfer, Maersk Decom will be officially ceasing operations—any future decommissioning works necessary will be performed by Maersk Drilling or Maersk Supply Services. Maersk Decom had previously been preparing for the fields’ decommissioning since 2020. Together, the Banda and Tiof fields represent some of Mauritania’s

earliest hydrocarbon developments and will continue operating after the decommissioning of their older wells. Banda was discovered by Australian megafirm, Woodside, in 2002 with Tullow Oil taking over with appraisals in 2008. Tullow Oil declared the field commercial as of 2012 and production commenced in 2016. Holding an estimated one trillion cubic feet of natural gas, the Banda field has become the keystone of Mauritania’s first gas-to-power plans, initially generating 125 MW, sold domestically to mining firms onshore.

Fixing Abandoned Offshore Oil Wells Can Create Jobs and Protect the Ocean Abandoned and orphaned offshore oil and gas wells are costing taxpayers billions and the Biden administration can take immediate actions to address this ecological and financial crisis. The Bureau of Ocean Energy Management (BOEM) manages more than 2,000 active oil and gas leases with over 55,000 wells across 10.9 million acres of the Outer Continental Shelf (OCS). Approximately 58% of these wells—more than 32,000—are permanently or temporarily abandoned. Poorly decommissioned, abandoned, and orphaned wells are a direct threat to our environment, society, and economy. For example, the longest oil spill in U.S. history—at Taylor Energy’s platform at the mouth of the Mississippi River—was caused by an abandoned well that leaked into the Gulf of Mexico and was not resolved until the Department of Interior took steps to decommission it. Off the coast of California, Platform Holly decommissioning has cost the state $64 million thus far after its owner, Venoco, filed for bankruptcy. The state is simultaneously bearing the full cost to decommission wells on the Rincon Pier— again due to operator bankruptcy—and has appropriated $50.6 million to the effort. Abandoned and orphaned offshore wells are at high risk of leaking and spilling oil or gas into the environment. Limited monitoring

and record keeping have allowed these occurrences to largely fly below the radar, making them difficult to track. While there have been limited studies on this in the United States, there has been extensive research in the North Sea. These studies reveal that abandoned offshore wells can contribute between 3 thousand to 17 thousand metric tons of methane emissions annually—the carbon dioxide equivalent of approximately 16,000 to 91,500 gas-powered cars driven annually. Delaying cleanup can also lead to costlier decommissioning efforts later on, as platforms can be exposed to corrosion, damage from storms, and

can create navigational problems for ships. Coastal communities are presented with additional risks, since they may rely on affected areas for recreational, subsistence, and commercial fishing. These communities can also experience lost wages and economic hardship due to the disruptions to their livelihoods. To address these issues in onshore wells, the Infrastructure Investment and Jobs Act includes an investment of $4.7 billion for the plugging, remediation, and restoration of orphaned wells. However, there has been no similar investment for offshore wells. Congress and the Biden administration have an opportunity to create good jobs and protect ocean health by investing in offshore well cleanup.

Maersk Decom to close its doors Maersk Decom, created in April 2018 as a joint venture between Maersk Drilling and Maersk Supply Services, will close down following the transfer of responsibility for the Mauritania decommissioning project it secured in 2020 with Tullow Oil. Petrofac announced it had been selected by Tullow to take over subsea well decommissioning scope from Maersk Decom on Banda and Tiof fields offshore Mauritania. The contract, with a potential total value of more than $60m, involves the project

DECOMMISSIONING SPONSORED BY

management, engineering, planning, and plugging and abandonment of seven subsea wells, with the offshore scope running from Q4 2022 through Q1 2023. Maersk Decom said the transfer became effective in April this year and that the company has no further commitments. The company added that going forward, Maersk Drilling and Maersk Supply Service will continue to pursue decommissioning work scopes within each of the companies’ spheres of operations. The Maersk Decom website and social media channels will close down effective June 1.

STATS & ANALYTICS PROVIDED BY

Field Development Update

Westwood Global Energy Group are specialist providers of detailed market intelligence for the offshore energy sector, covering; offshore rigs, production facilities, subsea equipment, subsea services, offshore marine and offshore renewables and power.

www.westwoodenergy.com

Offshore O&G EPC Awards $billions 80

LLOG acquired the idled Independence Hub platform from Genesis Energy, with plans to refurbish to the Salamanca floating production unit (FPU) bound for its Leon-Castile project in the US GoM. Major subsea awards include a 12-inch 96km subsea pipeline for BP’s TOPR project offshore Trinidad and Tobago, awarded to Subsea 7. The UK-based contractor also announced a substantial contract for engineering, procurement, installation, and commissioning (EPCIC) of flowlines and umbilicals, which sources believe is for TotalEnergies’ CLOV phase 3 project offshore Angola. In its 1Q 2022 report, TechnipFMC announced it secured a frame agreement from TotalEnergies to supply subsea production systems (SPS) for brownfield developments in Block 17 offshore Angola. The deal means TechnipFMC is likely to supply the SPS for TotalEnergies’ CLOV phase 3 subsea tieback development. The FID on Santos’ Dorado field offshore Australia is now expected to be delayed beyond 2Q 2022.

Expected

Sanctioned

60 50 55.4

63.7

30 42.5

41.3

Offshore Rig Update

2023

#XTs 2022

105

2021

Sanctioned Firm Possible

173

Pre-Order Probable

FPS Throughput Additions by Year of Sanction kpoepd 2500

Since the last update, a total of 30 MW of capacity advanced into the EPCI stage, with FID taken on the 30 MW EolMed Pilot floating wind farm, located offshore France. Based on a preferred-supplier agreement signed in December 2020, the wind farm is expected to feature a total of three V164-10.0MW turbines that will be supplied by Vestas. Italy’s first offshore wind farm also became operational since the last update. The 30 MW Taranto wind farm features a total of 10 MySE 3.0-135 wind turbines, making this the first operational European wind farm to feature MingYang turbines.

1500

www.ogv.energy I June 2022

2022

Subsea Tree Awards

2000

LNG Gas

1000 500 0 2019

2020

2021

2022

2023

Offshore O&G EPC Awards 2022-26 by E&P $billions to be awarded

20.7

14.2

12.3

11.9

11.3

11.1

9.9

Saudi Aramco

QatarEnergy

CNOOC

40.9

ExxonMobil

124.9

Petrobras

Finally, in the Netherlands, several companies and consortiums have announced that they have placed bids for the rights to develop the over 1.4 GW Hollandse Kust wind farm. Hollandse Kust is being auctioned as two separate sites and the winning bidders are expected to be revealed in October 2022. Bidders who have announced their participation include a consortium of Orsted and TotalEnergies, and a consortium of Shell and Eneco. Companies participating as a sole bidders include BP and RWE.

2021

Westwood’s 2022-23 outlook assumes a $65/bbl Brent oil price

Offshore Wind Update

Dominating headlines were results from the recent Carolina Long Bay offshore wind lease sale in the US. A total of 16 companies and consortiums had been pre-qualified by the US Bureau of Ocean Energy Management (BOEM) to participate in the auction and the announced provisional winners were TotalEnergies and Duke Energy. TotalEnergies has won the rights for lease area OCS-A 0545 at a price of US$160 million and Duke Energy has won the rights for lease area OCS-A 0546 at a price of US$155 million. The two lease areas will have a combined capacity of at least 1.3 GW and they are located offshore North and South Carolina.

2020

Shell

Finally, drillship demand remained steady at 63 units on hire, with contracted marketed utilisation staying at 80%. However, committed drillship demand stood at 73, with utilisation substantially higher at 94%, indicating few available units in the market. The number of new fixtures increased in April to nine, with a total of 4.9 rig years awarded. The average leading edge dayrate improved by 20% to $299,000. West Africa fixture activity took the largest share with TotalEnergies awarding Seadrill’s West Gemini a 1.5-year contract, while Shell awarded Maersk Voyager a one-year contract.

2019

Woodside Petroleum

Global semisubmersible (semi) marketed contracted utilisation was 62% in April with 52 rigs on hire. However, the committed rig count was 67, resulting in 81% utilisation. Total supply remained at 97, including 16 cold stacked units, but marketed supply stood at 83. Five new fixtures were recorded at a total of 1.9 rig years, including a one-year contract awarded to Maersk Deliverer by Inpex for work offshore Australia. The average leading edge dayrate increased 16.5% from the previous month to just under $297,000.

Equinor

The global contracted jackup count increased to 350 in April, while the committed rig count, which includes non-working units that have future contracts in place, reached 382. Contracted utilisation for the marketed fleet was 82%, while committed utilisation was higher at 89%. One new jackup was delivered, the SinoOcean Harvest, while the Valaris 67 was retired. Backlog increased sharply by 55 rig years with 38 new fixtures made in April, at an average fixture dayrate just under $90,000. This sharp increase was mainly due to high demand from the Middle East, which accounted for 87% of global awarded backlog.

17.1

13.8

9.8

8.5 Other

Offshore O&G related engineering, procurement and contraction (EPC) contract award value year-to-date as of 15 May is ~US$17.1bn, representing 24% of total EPC award value anticipated in 2022. Westwood has recorded 105 subsea tree awards YTD – a 75% YoY increase. During the period under review, Chevron announced it had taken final investment decision (FID) on its Ballymore field located in the Mississippi Canyon 607 block in the US Gulf of Mexico (GoM). The field will require a total investment of ~US$1.6bn, with three subsea production wells tied back to the Blind Faith platform located 4.8km away. Furthermore, New Fortress Energy (NFE) confirmed FID for its liquefaction natural gas (LNG) terminal off the coast of Louisiana in the US GoM. Sources stated that contractors Fluor, Chart Industries and Baker Hughes received the notice to proceed with the work from NFE.

TotalEnergies

STATS & ANALYTICS

Chevron

Offshore Energy Services Dashboard April / May 2022 Offshore Rigs available from

RigLogix

Global Rig Count Jackups

Drillships

489

Jackups

RigLogix

Backlog Month-on-Month (Rig Years)

Semisubs

May 1

663.2

94.6

114.8

April 1

612.1

96.2

116.5

Semisubs

Drillships

350

Contracted

Available

Stacked

Regional Rig Count Month-on-Month (April vs May)

1.3 -0.1

-0.1

Effective

75%

65%

70%

75%

60%

65%

70%

55%

60% 55%

50%

Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22

Apr-22

Feb-22

Oct-21

Dec-21

Aug-21

Jun-21

Apr-21

Feb-21

Oct-20

Dec-20

40%

Aug-20

45%

40%

Jun-20

45%

Apr-20

Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22

60%

Arabian Gulf

80%

70%

65%

Latin Arab Gulf America

85%

75%

80%

SE Asia

South America

Total

US GOM

SE Asia

Global Rig Utilisation

85%

NW Europe

US GoM

Global

Latin Arab Gulf America

NW Europe

SE Asia

Global

US GOM

Arabian Gulf

NW Europe

May-21 South America

Global

Jan-21 SE Asia Mar-21

Sep-20 US GoM Nov-20

May-20 NW Europe Jul-20

Latin Arab Gulf America

Jan-20 Global Mar-20

-1.1

Sep-19

SE Asia

1.1 -0.9

Nov-19

US GOM

SE Asia

NW Europe

US GoM

NW Europe

Global

-0.3

1.1

1.8

ArabianJul-19 Gulf

0.5

South America

1.9

Global

5.2

85.00% 4.4 80.00% 75.00% 70.00% -1.0 65.00% 60.00%

4.3

available from

WindLogix

Offshore WTG Awards (excl. Mainland China) 2000

Expected

1800

Awarded

12%

1600 1400

18%

1200 1000

18%

Awarded by OEM

53%

Expected by Region

800

18%

600

25%

400 200 0 2019

2020

2021

2022

2023

Siemens Gamesa

Vestas

General Electric

Goldwind

Ming Yang

Other

STATS & ANALYTICS SPONSORED BY

West Europe North America Asia East Europe & FSU

45%

LEGAL & FINANCE

By Erin Hunt

Keeping the peace What options are available to protect your business from environmental activists? Recent instances of environmental activists accessing business premises have focused many companies to consider what action can be taken to protect their operations, staff and property. But what legal action is available to organisations facing a protest?

Erin Hunt

Taking legal action The first issue to consider is where any proceedings should be raised – the local Sheriff Court or the Court of Session in Edinburgh (Scotland's superior court). Sheriff Courts have jurisdiction over their individual districts, while the Court of Session has a wider jurisdiction extending over all of mainland Scotland, its islands and its territorial waters. This means that consideration needs to be given to whether protection is required at a local site (such as Aberdeen only) or whether protection may be needed more widely across locations throughout Scotland.

Interdict and Interim Interdict Where an organisation has a "reasonable apprehension" that an environmental group intends to carry out unlawful activities that will impact its business, an interdict can be sought from the relevant court. An interdict (known as an injunction in England) aims to prevent an anticipated legal wrong from occurring or to stop a legal wrong which is already in progress. An interdict granted by the court can last indefinitely and, if it is breached, the court can impose quasi-criminal sanctions, including fines or imprisonment.

www.ogv.energy I June 2022

Stopping unlawful activities can be time critical. When raising proceedings, an order for interim (temporary) interdict should also be sought. If granted, this creates an enforceable order at the beginning of the court process, rather than at the end. Organisations should be aware that while it may be possible for an application for interim interdict to be heard privately in chambers, a contested application for interdict will be heard in open court. At that point, the matter becomes public and may be reported in the media.

Order for Removal If an unlawful activity is already in progress (for example, activists are occupying premises), orders for removal can be applied for from the court. It is prudent to combine this with an action for interdict, to prevent the same parties carrying out the same unlawful acts in future.

Damages It may be open to organisations to seek damages. Any damages awarded by a court will be calculated based upon losses that can be shown to have been suffered as a direct result of the activists' wrongful actions. In practice, it may be difficult to recover damages from individual activists.

Practical tips While legal action is the ultimate protection, organisations should also consider implementing a policy or issuing guidance to employees that limits the ability of activists to enter premises.

This could include: 1. Requiring personnel to wear their security pass at all times while on the premises and ensuring the contact information the company holds for them is accurate. 2. Advising personnel not to communicate with protestors or the media. 3. Appointing an emergency response team and identifying a process to be followed in the event of protest – consider who will take the lead on communications and proactively or reactively engage with the media. 4. To contain a protest, identifying an area within the office grounds where protestors can gather safely - ideally this will be separate to the route that personnel use to access the office and away from company signage.

Conclusion Legal advice should be sought as soon as an organisation believes it may be targeted by protestors. The steps which can be taken in order to protect the business and the sooner these are put in place, the more effective they will be.

COMMUNITY PARTNER

A small group of first-team players, including Jess Broadrick, Bayley Hutchison, Francesca Ogilvie, Eilidh Shore and Eva Thomson, have been secured on contracts until 2024, with further investment being made by the Club to enhance operations off the field, improve standards and infrastructure, whilst ensuring there is a clear pathway to professional football for female footballers across the north-east.

AFC Women Make Historic Move to Semi-Professional Status Aberdeen FC has announced that TEXO will be the Club’s new shirt sponsor for the next three seasons, starting from season 2022/23.

AFC Director of Football, Steven Gunn, is delighted to see the Club’s vision, set in motion three years ago for AFC Women, come to fruition with this enhanced model.

Aberdeen FC has this morning announced a significant milestone in the Club’s history as Aberdeen FC Women prepare to become a semiprofessional team. With the SPFL now taking a leading role in the development of women’s top-flight football, and with the women’s game in Scotland on an exciting upward trajectory, there is a strong desire from the Club to build on the progress and success achieved thus far, and to move to the next phase of the strategic plan for AFC Women. Having enjoyed back-to-back promotions and a successful season in the Park’s Motor Group SWPL 1 in which they consolidated their mid-table position, competing strongly with more established teams in the league, the move to become semi-professional represents a clear and ambitious move by the Club to invest in the progression of its women’s team.

He said: “Ever since we took the decision to bring the women’s team under the Aberdeen FC umbrella in 2019, we have been on an incredible journey winning the SWFL Division 1 – North, SWPL 2 and now consolidating our place in SWPL 1. “We’ve enjoyed several ‘firsts’ including the first AFC women’s match at Pittodrie recently in front of a fantastic crowd. Now we’re pleased to have rewarded this group of players with the Club’s first ever professional contracts for women football players as we embark on the next part of our journey with women’s football in the region.” Gavin Levey, AFC Academy Director, who oversees AFC Women, added: “We feel it’s the right time to move forward and professionalise the game here in the north-east.

“It’s a big step for us but it’s also a step that’s been taken with a lot of thought behind it and it fits both our long-term football strategy at the Club and our financial model. Interest in and support for AFC Women has grown dramatically, and we think it is right to reward the players with the opportunity to become the first ever professional female players in the Club’s history. “These players were selected because they are all young, promising players. We feel their performances and in particular, those at international level, merit the chance to go and develop to be the best they possibly can, like we would do for any young player here at Aberdeen Football Club. “The rest of the players in the squad will have the opportunity to become professional as they progress and develop further. More importantly, we’re going to enhance what we do for them as well, for each individual that’s not on a professional contract. We’ll improve what we do for them going forward to help take us to another level and work our way up the league, but more importantly become a sustainable side in the top-flight. “It’s ultimately about giving young girls in the northeast and beyond the chance to fulfil their dreams of becoming professional footballers here at Aberdeen FC. These five players will clearly demonstrate what is possible for aspiring female footballers making their first moves within the game.”

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DRIVE YOUR GROWTH WITH EXPORTING OPPORTUNITIES TO GLOBAL MARKET

e have seen a shift recently in the energy discussion from the social licence to operate, to a push for net zero targets, and now the focus on energy security and cost. With the growth in renewables, targets for offshore wind, nuclear, hydrogen and CCUS worldwide, what are the actual opportunities for our supply chain and how can we ensure that companies seeded and rooted in the UK are able to compete on the global stage? EIC data shows that the UK represents 4% of estimated CAPEX on all currently known energy developments worldwide. In the UK, Hydrogen will see 3% of capex should all projects proceed globally, whereas for Carbon Capture, with the sector being driven by investment in industrial clusters, the UK could see up to 37% of global capex between now and 2028. Also driven by forward-leaning UK policies to reach net zero by 2050, Offshore Wind projects will represent 14% of global capex in the sector between 2022 and 2028.

www.ogv.energy I June 2022

Estimated CAPEX on all hydrogen projects to enter operations between 2022 and 2028

Estimated CAPEX on all carbon capture projects to enter operations between 2022 and 2028

PROMOTIONAL CONTENT

Globally though, for the largest value and arguably the most lucrative projects in today’s market, 99% of all oil and gas investments are outside the UK. This only serves to confirm how the UK Continental Shelf, even with the recent boost in project activity in 2022, is small and continuing to decline, and should be a prod to the supply chain to look beyond UK shores for more of their revenue and margin growth. The EIC’s flagship Energy Exports Conference (EEC) is coming up on 14-15 June and will allow supply chain businesses to hear first-hand about these opportunities, whether you are an experienced exporter or are yet to begin your journey. At EEC, expect to discuss the industry’s energy transition requirements and opportunities evolving from net zero targets, gain access to contacts with exciting energy project opportunities from around the globe, identify key global energy project opportunities, and hear advice on how to succeed in new markets.

Estimated CAPEX on all energy projects to enter operations between 2022 and 2028

Estimated CAPEX on all offshore wind projects to enter operations between 2022 and 2028

With sessions on Renewables, Hydrogen, Carbon Capture, Nuclear, Oil & gas and other Energy Opportunities (electrification, oil and gas advanced fuels, upstream decommissioning, emission reduction and abatement) EEC is shaping up to be a key event in the energy calendar. We know from EIC data that the development of new export markets is the least used growth strategy by businesses. We also know that in this financial squeeze, with the cost of inflation rising, with the supply chain crunch, businesses are focussing on what they know. But opportunities are out there. Energy supply chains around the globe, with a strong sense of urgency, are adapting to the new geopolitical and market realities by thinking of solutions that will eventually help us transition from oil and gas. The acceleration of renewables and other forms of clean energy are not only because it is good for the environment, but because they provide economically sound investment. All of these topics, and many others, are going to be discussed, including how to export, how to access funding and most importantly, the opportunity to engage, face-to-face, with suppliers and project developers.

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ENERGY EXPORTS CONFERENCE

Energy Exports Conference 2022

AGE N NOWDA LIVE

I 14 – 15 June 2022

P&J Live Aberdeen

www.the-eic.com/EEC

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#1 event to identify global energy opportunities and meet decision makers

Whether you’re an experienced exporter or are yet to begin your exporting journey, EEC will: Identify key global energy project opportunities and provide advice on how to succeed in new markets Renewables Onshore, offshore and floating offshore wind, solar, energy storage, geothermal, hydroelectric, biofuels, energy from waste

Hydrogen and Carbon Capture Blue hydrogen, green hydrogen, CCUS and direct air capture

ATTEND Identify new project opportunities. Engage and connect with international operators, developers, contractors, government, and export advisors 2021 stats

6198

Attendees across all sessions

1681

Give you access to contacts with exciting energy project opportunities from around the globe

Attendees visited the 24 exhibiting companies in the virtual exhibition hall

Nuclear New build, SMR, AMR, O&M, waste management and decommissioning

Energy Opportunities Electrification, oil and gas, advanced fuels, upstream decommissioning, emission reduction

EXHIBIT Dust off those demo products… The exhibition is the ideal platform for companies to showcase their products and services to the global audience

SPONSOR Enhance your profile and align your brand with the key themes. Access an unparalleled level of exposure to key decision makers within the global energy industry

2961

Individual registrations from 1,871 registered companies

159

Speakers from 43 companies

Networking and one-to-one meetings

519

Virtual meeting hub connections

ORGANISING PARTNERS

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Discuss the industry’s energy transition requirements and opportunities evolving from net zero targets

283

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EVENTS

GLOBAL EVENTS POSIDONIA 2022: FROM THE UNION OF GREEK SHIPOWNERS 6-10 JUN - SPARTA, GREECE

SPE EUROPEC EUROPE ENERGY CONFERENCE 6-9 JUN - MADRID, SPAIN

HYDROGEN AMERICAS SUMMIT 8-11 JUN - ONLINE

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EUROPEAN ELECTRIC VEHICLE BATTERIES 2022 SUMMIT 8-9 JUN - ROTTERDAM, NL

BIOPESTICIDES EUROPE 2022 8-9 JUN - BRUSSELS, BELGIUM

GLOBAL ENERGY TRANSITION 2022 14-15 JUN - NEW YORK, USA

GLOBAL OFFSHORE WIND 21-22 JUN - MANCHESTER

SPARK - INNOVATION TECH - SUSTAINABILITY 21-22 JUN - LONDON, UK

SEAWORK 2022 21-23 JUN - SOUTHAMPTON, UK

UTILITY SCALE SOLAR & WIND NORTH AMERICA 2022 21-22 JUN - TEXAS, USA

THE AFRICA ENERGY FORUM 2022 21-24 JUN - BRUSSELS

ENGINEERING SYMPOSIUM 2022: BEST-IN-CLASS 3D DESIGN & PDM WEBINARE 29 JUN - ONLINE

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VIEW ALL EVENTS AT www.ogv.energy/events

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