Weekly HEG Global Energy Digest

Oil Market:

Turkish Petroleum awards US cooperastion for Mediterranean offshore drill

Turkish Petroleum signs contract with the U.S. based Rowan Companies for drilling two hydrocarbon wells in the Mediterranean Sea for an estimated period of 100-140 days, the U.S. company announced on Monday.

The Rowan Companies said that the contract is expected to commence in late 2018.

 

“The Rowan Norway, an N-Class ultra-harsh environment jack-up rig, is currently warm-stacked in the U.K. sector of the North Sea,” said the company.

 

According to the Rowan, the company is a global provider of contract drilling services with a fleet of 27 mobile offshore drilling units, composed of 23 self-elevating jack-up rigs and four ultra-deepwater drillships.

 

“The company’s fleet operates worldwide, including the U.S. Gulf of Mexico, the U.K. and Norwegian sectors of the North Sea, the Middle East, the Mediterranean Sea, and Trinidad. Additionally, the company is a 50/50 partner in a joint venture with Saudi Aramco, entitled ARO Drilling, that owns a fleet of five self-elevating jack-up rigs that operate in the Arabian Gulf,” the company explained.

Article Source: https://www.energymarketprice.com/energy-news/turkish-petroleum-awards-us-cooperation-for-mediterranean-offshore-drill

 

Electricity:

Romania’s Transelectrica completes 100 mIn lei (22 mIn euro) investment project

Romanian power grid operator Transelectrica said on Tuesday that it has completed the second stage of the 400/110/20 kV Tulcea Vest substation refurbishment project following a 100 million lei ($25 million/ 22 million euro) investment.

The refurbishment of Tulcea Vest Substation contributes to increasing the operational safety of the national power system in the southeastern area by introducing new high-performance equipment, Transelectrica said in a filing to the Bucharest Stock Exchange, BVB.

 

The refurbishment of the substation was carried out in two stages: the first one between 2013-2015 and the second between 2017-2018.

 

The 400/110/20 kV Tulcea Vest is an important hub in the power transmission grid, supplying the municipality of Tulcea, the industrial platform that includes alumina refinery Alum Tulcea and Tulcea Shipyard.

 

The investment is part of a larger series of projects that are completed, in execution or are to be started by the company in the Dobrogea area. With a total value of over 390 million lei, the six projects, are meant to increase the operational safety of the national power system and to contribute to the integration of electricity from renewable sources.

Article Source: https://www.energymarketprice.com/energy-news/romania-s-transelectrica-completes-100-mln-lei-22-mln-euro-investment-project

 

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