Weekly HEG Global Energy Digest

Wind:

French Engie, Portugal’s EDP aim be second-biggest offshore wind developer with JV

French utility Engie and Portugal’s EDP said on Tuesday they will invest 15 billion euros ($16.7 billion) with the aim of becoming the world’s number two offshore wind developer after Denmark’s Orsted.

The two utilities, which have no operational offshore wind parks so far, said they will combine their offshore wind assets and project pipelines, starting with a total of 1.5 gigawatts (GW) under construction and 4 GW under development.

The joint venture, which for EDP will be through its EDP Renovaveis (EDPR) renewables business, aims to reach 5-7 GW of projects in operation or construction and 5-10 GW under advanced development by 2025.

Orsted had cumulative installed offshore capacity of about 3 GW at the end of 2018, giving it a market share of about 16 percent, WindEurope data shows, with Germany’s E.ON, Sweden’s Vattenfall and Germany’s Innogy in second, third and fourth, each with more than 1.0 GW installed.

Article Source: https://www.energymarketprice.com/energy-news/french-engie–portugal-s-edp-aim-be-second-biggest-offshore-wind-developer-with-jv

OIL:

Shell begins production from Appomattox oil and gas field in Gulf of Mexico

The Appomattox field, which is located approximately 128km southeast of Louisiana in the deep-water Gulf of Mexico, has commenced production

Shell Offshore, a subsidiary of Royal Dutch Shell, and its partners have commenced production from the Appomattox floating production system in the US Gulf of Mexico.

Located approximately 128km southeast of Louisiana in the deep-water Gulf of Mexico and in water depth of approximately 2,255m, the Appomattox field is said to be the first commercial discovery to commence production in the deep-water Gulf of Mexico Norphlet formation.

The field has a peak production capacity of 175,000 barrels of oil equivalent per day (boe/d).

Article Source: https://www.energymarketprice.com/energy-news/shell-begins-production-from-appomattox-oil-and-gas-field-in-gulf-of-mexico

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