‘Oil’ and ‘Gas’ Are Out: How Energy Firms Are Rebranding for the Climate Change Era – Oil and Gas News

‘Oil’ and ‘Gas’ Are Out: How Energy Firms Are Rebranding for the Climate Change Era

Published in Oil Industry News on Tuesday, 14 May 2019

Graphic for News Item: 'Oil' and 'Gas' Are Out: How Energy Firms Are Rebranding for the Climate Change Era

When Denmark’s state energy company changed its name in 2017, almost everyone involved agreed it was high time: after all, it was called DONG Energy. (It originally stood for Danish Oil and Natural Gas.)

The revamp was also part of a move to get out of the oil and gas business and focus on offshore wind, where the company has become a world leader. But changing its name to the hard-to-pronounce Ørsted, after one of the country’s best known scientists, turned out not to be the controversy-free choice management had envisioned.

Other energy companies in Europe that have changed their names have faced charges of “greenwashing,” or scrubbing their branding of fossil fuels while failing to do the same to their portfolios. Ørsted (pronounced “Ehr-still”) side-stepped such allegations, but it still confronted opposition: from the Ørsted family itself.

On Friday, the energy company won a court battle to keep the Ørsted name brought by seven descendants of Hans Christian Ørsted, the scientist who discovered electromagnetism.

The family members filed the lawsuit in January 2018, objecting to their newfound association with the company. They argued the Ørsted name is rare and significant enough to be off-limits.

The judge didn’t agree; it should be noted that about 1,200 people in Denmark now have Ørsted as a middle or last name—including the pop star MØ. (Interestingly enough, the company ran into a similar—albeit less litigious—problem when selecting its earlier name of DONG. In addition to snickers by English speakers, the Dong family of Valby, Denmark was not thrilled, though it never pursued legal action.)

Ørsted stands out for its legal tiff, but in the world of energy, it’s just one more company changing its name to eliminate words like “oil” or “gas.” Norway’s state energy company, for instance, changed its name from Statoil to Equinor last year. The company says the change reflects the country’s shift away from petroleum extraction to renewable energy, but it’s been accused of using a rebranding effort to make itself appear more “green” than it really is.

And there are others: Finland’s Neste cut the “oil” from “Neste Oil” in 2015, the same year France’s GDF Suez (GDF stood for “Gaz” or gas “de France”) changed its name to Engie.

The transitions presented new, and often more “sustainable,” images—not uncommon for energy companies as a whole these days. That was Ørsted’s official reason, too: the company has become the world’s largest producer of offshore wind energy. The Danish state has a 50.1% ownership stake in Ørsted.

But embarrassment was something of a factor too: “DONG,” while innocuous in Denmark, tends to have a different meaning among English speakers.

Meanwhile, the debate over the company’s new name is not necessarily settled: Friday’s ruling in Ørsted vs. Ørsted could be appealed, the family’s lawyer, Jens Jakob Bugge, told Fortune. If so, he said, it could end up before the Danish Supreme Court.

Source: fortune.com

 

Source: ‘Oil’ and ‘Gas’ Are Out: How Energy Firms Are Rebranding for the Climate Change Era – Oil and Gas News

Mozambique approves Rovuma LNG development plan | Offshore Energy Today

Mozambique approves Rovuma LNG development plan

The government of Mozambique has approved the development plan for the Rovuma LNG project led by Exxon and Eni. Two liquefied natural gas trains are planned with a combined annual capacity of over 15 million tons.

The project is designed to produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1.

Area 4 is operated by Mozambique Rovuma Venture S.p.A. (MRV), an incorporated joint venture owned by Eni, ExxonMobil, and CNPC, which holds a 70 percent interest in the Area 4 exploration and production concession contract. Galp, KOGAS and Empresa Nacional de Hidrocarbonetos E.P. each hold a 10 percent interest.

“The development plan approval marks another significant step toward a final investment decision later this year,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company. “We will continue to work with the government to maximize the long-term benefits this project will bring to the people of Mozambique.”

The Rovuma LNG partners have said they have developed a series of plans to support community development in line with the government’s priorities. During the production phase, the Rovuma LNG project expects to provide up to 17,000 tons of liquefied petroleum gas (LPG) per annum in Mozambique from Area 4 resources, which is currently about 50 percent of the country’s LPG imports, and will dramatically improve access to energy, the partners said in a statement on Tuesday.

According to Eni, the Area 4 partners also plan to distribute up to 5,000 LPG burners and cooking stoves in the Afungi area to replace the burning of wood.

“The expected production from the Area 4 block will generate substantial benefits for Mozambique and the Area 4 partners,” said Alessandro Puliti, Eni’s Chief Development, Operations & Technology Officer. “The development plan details our commitment to train, build and employ a local workforce and make gas available in support of Mozambique’s industrialization.”

LNG production from the project is expected to begin in 2024.

Source: Mozambique approves Rovuma LNG development plan | Offshore Energy Today

3D Oil receives approval for Dorrigo seismic survey | Offshore Energy Today

3D Oil receives approval for Dorrigo seismic survey

Location of the proposed Dorrigo seismic survey. Source: 3D Oil

3D Oil Limited has been awarded environmental approvals from the Commonwealth Statuary National Agency, NOPSEMA, to acquire the Dorrigo 3D marine seismic survey offshore Australia.

3D Oil submitted its proposal for the Dorrigo 3D seismic survey to NOPSEMA at the end of January 2019.

The Dorrigo survey is within 3D Oil’s 100% owned T/49-P license, located in the Offshore Otway Basin.

The company announced it had received the approval for the survey on Wednesday, May 15.

The survey is scheduled for late 2019 and is intended to cover remaining leads in the central and southern sections of the T/49-P acreage. It is expected to take up to 35 days.

It will be conducted entirely within Commonwealth waters, approximately 18 kilometers west of King Island, Tasmania, and 56 kilometers south of Cape Otway, Victoria. Water depths in the survey area are between 80 and 1,420 meters with seismic data acquisition undertaken in water depths between 100 and 840 meters.

A primary target of the Dorrigo survey will be the Seal Rocks lead with a best estimate prospective resource of 4.64 TCF, located in the south of the T/49-P acreage.

Source: 3D Oil receives approval for Dorrigo seismic survey | Offshore Energy Today

Piper Alpha survivor to manage UK’s offshore safety body | Offshore Energy Today

Piper Alpha survivor to manage UK’s offshore safety body

UK’s offshore oil and gas safety body Step Change in Safety has appointed Steve Rae, a Piper Alpha accident survivor, as its new Executive Director.

Illustration: Offshore drilling rigs in Invergordon, Image by Bob White/Flickr, shared under CC BY-NC-ND 2.0 License 

“Steve is a born and bred Aberdonian who is held in high regard within the global oil and gas community having spent more than 35 years working in the industry. He began his career in the early-1980s as an offshore technician and worked on many North Sea installations before being assigned to Piper Alpha.

“His escape and survival from the platform on the night of 6th July 1988 left him with an unquenchable desire to make a positive change in the safety culture across the industry,” the organization said in an announcement on Wednesday.

Rae, who has in his career worked for Noble Drilling, Seawell, and Archer said: “Words cannot express how honored I feel to have been appointed as the Executive Director of Step Change in Safety. For me, the role presents a once-in-a-lifetime opportunity to play a significant part in shaping the future safety culture in our industry. Those who know me personally, or have heard me talk, will appreciate how much this means to me.”

“I look forward to taking up my new position in July and until such time I will continue to give my current employer, Well-Safe Solutions my full attention during this exciting part of their journey.”

In 2007, Rae was a member of the Leadership Team at Step Change in Safety, responsible for planning and monitoring the activities of the organization.

According to the organization, his other past industry roles include: Director, OPITO; Chairman, North Sea Chapter; and Director, International Association of Drilling Contractors (IADC). In 2013, the IADC recognized Steve with the ‘Val Hood’ award for his services to the Drilling Industry.

Bob Fennell, member of the Step Change in Safety Board and co-Chair of the Leadership Team said: “For me, Steve’s appointment was the easiest decision I’ve ever had to make as he is perfect for the role. He has an established industry presence and is a great orator and business leader. Most importantly, Steve genuinely wants to make the UK oil and gas industry a safer place to work for its workforce.”

Source: Piper Alpha survivor to manage UK’s offshore safety body | Offshore Energy Today

PGS wraps up 3D seismic survey offshore Guinea

PGS wraps up 3D seismic survey offshore GuineaNorwegian marine seismic specialist PGS has completed its first multi-client acquisition project offshore the Republic of Guinea.The Ramform Atlas vessel / Image source: PGSThe Ramform Atlas vessel / Image source: PGS“The Guinea MC3D survey PGS’ first MultiClient project in collaboration with the Republic of Guinea and marks the start of a series of planned acquisitions,” PGS said.The Ramform Atlas seismic survey vessel started operations in mid…

Source: PGS wraps up 3D seismic survey offshore Guinea