rss icon Subscribe
desktop mobile

Global Energy Takes Over Nigg Oil Terminal

Photo by Global Energy (Group) Limited

Laxman Pai

Global Energy Group has reached an agreement with Repsol Sinopec Resources UK to take over the long-term operation of the Nigg Oil Terminal jetty under a new lease with Crown Estates Scotland.

Since cessation of production from the Beatrice oil field, Repsol Sinopec has been exploring reuse options for the facilities at Nigg Oil Terminal, including the jetty.

Under the agreed deal, the jetty will be operated as an extension to the Port of Nigg which has already established itself as a leading deep-water port servicing oil and gas, offshore renewables and the wider energy markets.

The addition of berthage with even deeper water extends the capability of the Port and is already attracting interest from mobile drilling operators, EPC contractors and floating wind developers.

Repsol Sinopec will continue to operate the main oil terminal and to work towards final decommissioning of its facilities. Global Energy Group will become responsible for all decommissioning liabilities associated with the jetty.

Commenting on the deal, Roy MacGregor OBE, Global Energy Group's Chairman, said: "I am delighted that we have reached this agreement with Repsol Sinopec. The Nigg Jetty is a valuable addition to our facilities. It not only increases our deep-water quayside capacity but enables us to consider bringing new business lines to the Port, creating further employment for the area."

Nicolas Foucart, Chief Operating Officer, Repsol Sinopec said: "This is a clear example of a win-win situation: the transfer of the jetty will improve local industry capabilities to support emerging opportunities in the area, while Repsol Sinopec can focus its efforts on safely and efficiently decommissioning the terminal by reducing our operational footprint. We are pleased to have been able to reach this agreement and to know that it will help to sustain employment in the area for years to come."

Subject to regulatory and other approvals, the transfer is expected to be completed by the end of 2019.

Oct 10, 2019

 

People & Company News

Svitzer Names Kasper Friis Nilaus CEO


Kasper Friis Nilaus, CEO, Svitzer A/S (Photo: Svitzer)

Towage operator Svitzer announced its Board of Directors has appointed Kasper Friis Nilaus

Paddy Rodgers Joins V.Group Board

Paddy Rodgers (Photo: V.Group)

Ship management and services company V.Group announced that Paddy Rodgers has been appointed as a

Pacific International Lines Secures Debt Deal

© Alexander Gorter / MarineTraffic.com

Singapore-based container ship operator Pacific International Lines Pte (PIL) has agreed with most

Energy

VIDEO: U.S. Coast Guard Medevacs Offshore Vessel Worker

Screenshot / USCG

The U.S. Coast Guard on Thursday medevaced a crewmember from the offshore support vessel RMS

Final Windfloat Atlantic Floating Wind Turbine Heads Offshore

Credit: Bourbon Subsea Services

The third - and final - floating wind turbine has been towed offshore as part of the Windfloat

Drydocks World Cuts First Steel For Dutch Wind Farm Substation

Image Credit: Drydocks World

Dubai's Drydocks World shipyard has cut first steel for the HVAC Transformer Station Topside

Maritime Apps