• David Armes

Icebreaker tug, new Maersk CFO, bio-based rope, Aker Equinor subsea deal, New Jersey offshore wind

It’s Good News Monday!



This Monday we talk about:

  1. Sanmar launches new ice-breaking tug for Scandinavian owner

  2. Australian Company Launches Deep Sea Carbon Capture Project Off Australia

  3. Maersk Drilling Names New CFO

  4. Gleistein Ropes switches to bio-based Dyneema fibres

  5. Aker Solutions, Equinor Sign $114M LoI for Kristin Sør Subsea Production System

  6. New Jersey receives two bids in response to latest offshore wind solicitation



Sanmar launches new ice-breaking tug for Scandinavian owner


Image Credit: Riviera


Sanmar Shipyards finished an icebreaking tug for Alfons Håkans that will be used in a Finnish port for harbor stowage. The tug is azimuth stern drive (ASD), 32m long, with two Caterpillar engines rated at 2,000 kW each, plus generator sets. The deck is reinforced for future installation of a 60 ton crane, and “will be able to break 80 cm of level ice at 2 knots. If the speed is increased to 6 knots, the tug-bow combination can break 40 cm of level ice in inland waterways.” Two of these tugs are being launched, with one already on its way to Finland for ice testing.




Australian Company Launches Deep Sea Carbon Capture Project Off Australia


Image Credit: gCaptain


Australia’s national science agency is working with Japanese companies to develop a plan to liquefy CO2 for offshore storage under the seabed. The Australian government is funding five priority technologies at $A18 billion to cut carbon emissions. “Perth-based Transborders Energy, leading the deepC Store project, said on Monday it wants to capture carbon emissions from liquefied natural gas (LNG) plants and other industrial plants in Australia and the Asia Pacific.” CO2 could start being buried sometime after 2027. Their benchmark is the Northern Lights project in Norway.




Maersk Drilling Names New CFO


Image Credit: Offshore Engineer


Danish company Maersk Drilling’s Board of Directors has appointed a new Chief Financial Officer, Christine Morris. She has extensive oil and gas experience and 25 years of financial experience as CFO and Treasurer of other corporations in the US. “Christine Morris says: ‘I am very excited to join Maersk Drilling as the potential for value creation is significant, given its strong balance sheet, customer relations and operational excellence. I look forward to partnering with Jørn and the team to continue building on the success of the organisation and further increase shareholder value.’” The transition will take place in January 2021.




Gleistein Ropes switches to bio-based Dyneema fibres


Image Credit: Riviera


Gleistein is switching all of its products with Dyneema fibers to bio-based fibers with the same strength and durability. “Now, Gleistein is the world’s first company to take the next step and is switching its entire portfolio of products made with Dyneema to be manufactured exclusively from bio-based Dyneema fibres.


The new, sustainable fibres from Dyneema are the first-ever bio-based HMPE fibres guaranteeing responsible sourcing of the raw materials without any compromise to performance.”


The new fibers are extracted from wood in FSC and PEFC sustainable forests. A residue from wood pulp production, called crude tall oil, is extracted and processed. In the first year, they expect to reduce their carbon footprint around 1,000 tons of CO2. The new ropes will have exactly the same high levels of performance as the previous fibers.




Aker Solutions, Equinor Sign $114M LoI for Kristin Sør Subsea Production System


Image Credit: Offshore Engineer


Aker Solutions and Equinor signed an LOI to deliver a new subsea production system to Norway for the Kristin Sør oil and gas satellite fields. The contract’s value is about NOK 1 billion and is expected to start in 2021 with delivery in 2023. “The planned scope will include a subsea template with four of Aker Solutions’ standardized vertical subsea trees for the Lavrans Centre. The delivery will also comprise a manifold for the Kristin Q field, to be installed in the Kristin Q template which Aker Solutions delivered in 2007.” Aker expects reduced costs, simplified installation, and faster time to first oil with their system. The Kristin Sør project expects to employ about 220 employees at peak.




New Jersey receives two bids in response to latest offshore wind solicitation


Image Credit: Riviera


New Jersey has received two bids for offshore wind development projects. The solicitation is for 1.2 to 2.4 GW of offshore wind energy, adding to the committed 1.1 GW. “NJBPU received bids on 10 December 2020 from Atlantic Shores Offshore Wind – the 50-50 joint venture between EDF Renewables North America and Shell New Energies – and Ørsted. It will now review the applications with its consultant Levitan and Associates. The board anticipates making an award in June 2021.” In 2022, they will seek to award an additional 1.2 GW as the state looks forward to the economic boom to recover from COVID-19 and build sustainability in the process. “A key component of the solicitation is a requirement that the selected applicants provide US$10,000 per MW to the state for research initiatives and monitoring of wildlife and fisheries related to the introduction of offshore wind projects.” In 2019, they awarded the largest offshore wind contract in the country to Ørsted for the 1.1 GW Ocean Wind project, to be operational by 2024.




Smile, it’s Good News Monday! :-)


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