Weekly HEG Global Energy Digest

Electricity:

UK – Belgium power link launched

The Nemo subsea power interconnector that links the UK and Belgium has officially been launched.

Stretching 80 miles from Herdersbrug on the Belgian coast to Richborough in Kent, the £600 million Nemo Link will help deliver a more flexible energy system for consumers in both countries.

 

The project is a joint venture between National Grid and Belgian transmission system operator Elia and will enable trade of electricity when it becomes operational in early 2019.

 

It is capable of providing access to enough energy to power one million homes.

 

The grid operator added it will be investing more than £2 billion in new interconnectors to Europe over the next five years.

 

Last month, it received financial approval for the construction of the 1.4GW Viking Link, which will connect the UK with Denmark.

Article Source: https://www.energymarketprice.com/energy-news/uk-belgium-power-link-launched

Oil Market:

Maersk Drilling to provide rigs for Seapulse’s  12- well drilling program

Danish offshore driller Maersk Drilling and Seapulse have signed a master alliance agreement under which Maersk Drilling will provide fully integrated services for a global offshore oil & gas exploration drilling program of 12 wells.

The driller said on Wednesday that these services will include provision of drilling rigs, related drilling services, well services, and other goods and services, for Seapulse’s drilling program.

 

The program is expected to start in mid-2019 with an expected duration of 490 days.

 

Seapulse is an oil and gas exploration investment company co-founded in 2018 by Seacrest Group and I-Pulse, Inc.

 

Maersk Drilling said that the program spans shallow water and deepwater wells in several regions requiring a combination of jack-ups, semi-submersibles, and drillships. The specific rigs to be deployed during the course of the program will be determined on basis of rig suitability and availability.

 

The fully integrated services will be provided on the basis of market rates with an incentive payment scheme to drive performance and provide potential upside for the parties involved in the well program. Maersk Drilling expects to subcontract the majority of the well services.

Article Source: https://www.energymarketprice.com/energy-news/maersk-drilling-to-provide-rigs-for-seapulse%E2%80%99s-12-well-drilling-program

 

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