Tag Archive | "offshore"

UK Department for Energy approves East Anglia ONE offshore wind farm

ScottishPower Renewables and Vattenfall have received development consent from the UK Department for Energy and Climate Change for the East Anglia ONE Offshore wind farm 43km off the Suffolk Coast.

The 1.2GW offshore wind farm, a 50-50 joint venture between Sweden’s state-owned utility Vattenfall and Scottish Power Renewables, will feature 240 wind turbine generators and associated infrastructure.

Expected to provide nearly 2,900 jobs, the wind farm would be worth £10m a year to the East Anglian economy and generate enough electricity to power approximately 820,000 homes.

During the planning process, local companies were selected for contracts worth £15m to work on the project and a £17m contract was awarded to Wood Group for the construction and installation of weather monitoring masts.

ScottishPower Renewables CEO Keith Anderson said development consent for the renewable energy project marks an important step forward towards a final investment decision.

Anderson said, “We will now take forward our discussions with the supply chain as we work towards unlocking the significant economic potential of the project.

“The wind farm would be worth £10m a year to the East Anglian economy.”

“East Anglia ONE could support thousands of skilled jobs in construction and operation, and make a positive impact on the local and national economy for decades to come.”

Vattenfall Continental/UK renewables division head Gunnar Groebler said, “Therefore the consent of a scheme like East Anglia ONE – which should be warmly welcomed by everyone – will boost business confidence and help secure more affordable, more reliable and greener power in the UK electricity mix.”

Scheduled to commence construction in 2017, the project is slated to begin generating electricity from 2019.

UK Energy and Climate Change Secretary Ed Davey said, “The project has the potential to inject millions of pounds into the local and national economies, and support thousands of green jobs.”

Posted in Wind EnergyComments (0)

Seadrill newbuild ultra-deepwater unit West Jupiter contracted for offshore Nigeria

Seadrill Limited (“Seadrill”) has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillshipWest Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.

The contract is for a firm period of 5 years and has a total revenue potential for the primary contract term of approximately US$1.1 billion inclusive of mobilization. Seadrill’s total consolidated backlog stands at approximately US$20 billion with the execution of this contract.

The West Jupiter is one of eight 6th generation drillships currently under construction for Seadrill and is expected to be delivered from the Samsung Heavy Industries shipyard in Geoje, South Korea in August 2014. The rig will be outfitted to work in up to 10,000 ft of water and is capable of water depths up to 12,000 ft and drilling depths up to 37,500 ft.

Per Wullf, Seadrill CEO commented, “We are very pleased to have been chosen by Total and its partners for this important project. This contract provides an opportunity to deepen our relationship with a key customer and strategically increase our rig fleet in Nigeria, adding the West Jupiter alongside the West Capella which has been operating in the Usan field Offshore Nigeria since 2008. Seadrill takes pride in continuing to build its presence in the Nigerian oil & gas industry”.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Posted in BusinessComments (0)


Industry Video

Upcoming Events

  • No upcoming events
AEC v1.0.4

Newsletter Signup


The Magazine