Month April 2016

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Saras looking to resume Iran crude trade in coming months

Italian refiner Saras hopes to resume taking shipments of Iranian crude oil in the coming months if not weeks, its managing director Dorio Scaffardi said on Friday.
Saras, which is part owned by Russian oil gianc Rosneft, used to take a significant part of its crude feedstock from Iran before the U.S-led embargo on the country.

Total helps start group backing solar energy

22.04.2016|Oil and Gas Journal
Total SA has become a founding member of the Terrawatt Initiative, a global non profit organization promoting solar energy.
The organization, Total said in a press release, “represents key private-sector solar-energy stakeholders in their dialog with governments and international organizations”.
The group hopes to deploy more than 1Tw of solar energy by 2030, involving investment exceeding $1 trillion. Total owns a majority interest in SunPower, a solar system provider based in San Jose, Calif.

Mexico: Eni to start drilling in Area 1 in December

The Chief Executive Officer of Pemex, the Mexican state run oil company, José Antonio Gonzalez Anaya, met in Mexico City with the Chief Executive Officer of Eni, Claudio Descalzi. During the meeting, Eni’s CEO outlined the company’s strategy in the country, focused on the consolidation and growth of it presence in Mexico, where it was the first, among the international majors, to acquire one block (Area 1) following an international bid, which took place last September. Eni considers Mexico a country with great prospects and potential, an Pemex, a company recognized internationally, an important future partner. Eni plans to start next December the drilling activities in Area 1, where it holds 100% stake. According to official estimates by the Mexico Comision Nacional de Hidrocarburos (CNH) in the block there are total volumes of hydrocarbons in place of 800 million barrels of oil and 480 billion cubic feet (bcf) of associated gas in the 3 existing discoveries, Amoca, Mitzon and Tecoalli. Eni expects to finish the appraisal compaign by the end of 2017, to then submit in short time the field development plan to the competent authorities.

Kazakhstan’s Kashagan Oil Project to be Launched in June 2017

Kazakhstan’s oil Kashagan project will likely be launched in June 2017, Wang Zhongcai, the first vice president of China National Petroleum Corp, told reporters on Thursday at an energy conference in Moscow.
Late last year, the Kazakhstan economy ministry said it planned to starty commerical oil production at the Caspian offshore oil field in December 2016.
After huge delays and cost overruns, Kashagan finally launched output in September 2013 but halted production a few weeks later gas leaks were detected in its pipelines.

EDF Prepares for Renewable Energy development in Egypt

20.04.2016|Renewable Energy World
On the occasion of the State visit by the President of the French Republic, François Hollande, EDF has signed five memoranda of understandig thus confirming its strategy for developing low carbon, renewable energy in Egypt. Three of these agreements concern the future development of EDF Energies Nouvelles projects in wind power and solar energy in partnership with the Egyptian El Sewedy Electric Group as well as the future funding of solar projects. Another agreement concerns technical cooperation for projects of new power generation plants taking full advantage of EDF’s know how in thermal engineering. The purpose of this agreement is also to initiate discussions with the local authorities in the filed of smart grids. Lastly, Edison International, a subsidiary of EDF, has signed an agreement on the implementation of a projected gas-fired power plant and on the pant’s supply from a future gas production facility operated by Edison.

Saipem is latest oil and gas contractor to enter offshore wind market

Saipem, long known as a contractor in the offshore oil and gas industry, has been awarded new contracts cumulatively valued at approximately Euro 430 million, including its first contract in the offshore wind industry. The contracts awarded to the Italian company include one from Statoil, Norway’s state oil company, which is also investing in renewables, for the lift and mating operations of offshore floating wind turbines for the Hywind Scotland project. The other contracts relate to the installation of multi-phase pipelines in the Caspian Sea, and a recently announced contract for the offshore section of the Trans Adriatic pipeline project.

Ireland: Euro 750k investment to help renewable energy research

05.04.2016|Irish Examiner
Ireland’s marine and reneqable energy research centre, MaRei, has secured its largest private investment, which will see it explore economic opportunities in the renewable energy sector.
The euro 750,000 investment will help MaRei’s reserchers exploit commercial opportunities for SMEs that help meet the country’s energy needs. To date, most research has focused on renewable electricity sources but Marei hopes its work will take a wider remit by examining all sectors of the economy.
Traditionally energy planning has looked at single sectors of the economy in isolation, for example, wind and electricity.
Integrated energy systems modelling allows all dimensinos of the problem to be analysed together, enabling to unlock the opportunities associeated with the compete transition to a low carbon economy acrtoss heat, transport, as well as electricity.
The project, which will be carried out over the coming three years will explore low carbon energy options for Ireland and help identify technology opportunities for entrepreneurs for years.

Board gives green signal to investment in 2 solar projects: NTPC

NTPC Ltd (Government-owned corporation engaged in the business of generation of electricity and allied activities) has approved investment in two solar projects with and estimated cost of Rs 3,104 crore. One the two projects, situated in Rajasthan, has 260MW capacity with 4 blocks of 65MW each. The second project is located in Madhya Pradesh with 5 blocks of 50MW each.
Both projects are expected to be commissioned by march 2017.

India, Saudi Arabia seek energy cooperation

04.04.2016|Oil&GAS Journal
Leaders of Saudi Arabia and India say they want to extend their countries’ oil-trading relationship into joint investment in exploration and petrochemicals.
Saudi Arabia is the largest supplier of crude oil to India, where oil demand grew by 5.7% last year and is expected by the International Energy Agency to increase 6.3% this year.
According to some observers, India might replace China as the world’s center of oil-deman growth. India’s oil consumpion in January averaged about 4.25 million b/d, up 12% from a year earlier, according to IEA. The country produces about 870,000 b/d of crude.
Saudi King Salman bin Abdulaziz Al Saud and Indian Prime Minister Narendra Modi agreed “to transform the buyer-seller relationship in the energy sector to one of deeper partnership focusing on investment and joint ventures in petrochemical complexes and cooperation in joint exploration in India, Saudi Arabia, and in third countries” according to the statement.