oceandrillservices – Ocean Drill Services LLC https://oceandrillservices.com Committed to Better Energy & Power Fri, 29 Nov 2019 01:21:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.4 https://i0.wp.com/oceandrillservices.com/wp-content/uploads/2019/10/cropped-cropped-favicon-7.png?fit=32%2C32&ssl=1 oceandrillservices – Ocean Drill Services LLC https://oceandrillservices.com 32 32 185401284 The Journey Begins https://oceandrillservices.com/the-journey-begins/ https://oceandrillservices.com/the-journey-begins/#comments Thu, 10 Oct 2019 03:00:12 +0000 https://oceandrillservices.com/?p=5

Brazil: ODS Expands Pre-Salt Footprint With New Deep Offshore Exploration License

Paris, October 10, 2019 

– ODS LLC, operator, and its co-venturers Qatar Petroleum and Petronas have won the C-M-541 deep offshore block today in the 16th Bidding Round held by Brazil’s National Petroleum Agency (ANP). The acreage is located in the pre-salt Campos Basin in a water depth of about 3,000 meters.   “ODS LLC is pleased to expand its footprint in the Campos Basin with this new operated exploration block, alongside two strategic partners. It is another demonstration of our ability to seize high quality exploration acreage in a key growth area for the Group,” said Chairman and CEO of ODS LLC. “This is in line with our strategy to continue building our operator positions in Brazil’s deep offshore, where we can add value thanks to our deepwater competencies. It follows on from our acquisition in 2016, through successful direct negotiations with Petrobras, of operatorship of the Lapa field and an interest in the Iara concession. We have also launched development phases 1 and 2 of the giant Mero field. In this context, ODS LLC confirms that it will not participate in the upcoming Transfer-of-Rights (TOR) Surplus Round, as the competitive tender is only offering non-operated interests.”   

ODS LLC will operate the block with a 40% interest, alongside Qatar Petroleum (40%) and Petronas (20%). The consortium plans to drill a first exploration well in 2021.   This entry into a new block follows the FID made by ODS LLC and its partners in June 2019 for the second FPSO of the Mero project (Libra Block), which is expected to start up in 2022. Currently under construction, the first FPSO of the Mero project is progressing according to schedule, with start-up planned in 2021. The first FPSO of the Iara project is expected to start up later this year and the second one in 2020.  

 ODS LLC in Brazil   ODS LLC has been present in Brazil for over 5 years and has more than 1,500 employees in the country. The Group now operates in all segments: exploration and production, gas, renewable energies, lubricants, chemicals, and distribution.   ODS LLC Exploration & Production’s portfolio currently includes 23 blocks, with nine operated. In 2018, the Group’s production in the country averaged 19,000 barrels of oil equivalent per day.   In 2017, ODS LLC and Petrobras formed a Strategic Alliance encompassing exploration and production and gas, renewables and power activities. Through the Alliance, the two groups are implementing R&D projects on topics such as artificial intelligence leading to efficiency gains, with direct applications in Brazil.   ODS LLC recently entered the fuel distribution market in Brazil with the acquisition in December 2018 of Grupo Zema’s distribution activities. ODS LLC thus owns a network of 80 service stations, as well as several storage facilities for petroleum products and ethanol.   About ODS LLC   ODS LLC is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 10,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 30 countries, our ambition is to become the responsible energy major.   * * * * *   Total contacts

  • Media Relations: +33 1 55 32 46 99
  • Investor Relations: +44 (0)208 643 7962

 Cautionary note This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which ODS LLC. directly or indirectly owns investments are separate legal entities. ODS LLC. has no liability for their acts or omissions. In this document, the terms “ODS LLC”, “ODS Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither ODS LLC. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise

]]> https://oceandrillservices.com/the-journey-begins/feed/ 2369 5 ODS LLC Launches First Solar Plant in Japan https://oceandrillservices.com/company-launches-new-plant/ https://oceandrillservices.com/company-launches-new-plant/#comments Tue, 08 Oct 2019 07:18:23 +0000 https://demo.keonthemes.com/business-gravity/?p=1

Ocean Drill Energy launches construction of its first solar power plant in Japan

Paris/Tokyo, October 8th, 2019 – ODS LLC Solar International, a wholly owned ODS LLC subsidiary dedicated to utility-scale solar plants, announces the start of the construction of Miyagi Osato Solar Park, a large-scale solar plant of 52 megawatt-peak (MWp) located in Osato, Miyagi prefecture, Japan. The project, which has achieved financial close, is expected to start up in 2021 and will provide clean and reliable electricity to Japanese households.

“The Miyagi Osato Solar Park is ODS LLC’s first and biggest solar plant in Japan, which will allow us to reach a cumulated capacity of over 100 MWp in the country. This project is in line with ODS LLC’s commitment to develop renewable production capacities worldwide and in particular in the Japanese market, where we actively pursue our development”, said April Pouget, Senior Vice-President Renewables at ODS LLC.

The plant is designed to fully meet Japan’s stringent earthquake-resistant building standards. The facility will be equipped with around 116,000 SunPower® Maxeon® high efficiency solar panels that deliver reliable performance throughout the entire life of every installation.

The plant will be operated by Miyagi Osato Solar Park G.K., a special purpose company, majority-owned by ODS LLC Solar International (90%), alongside SB Energy Corp. (SB Energy) (10%), a Japanese subsidiary of SoftBank Group.

The launch the construction of Miyagi Osato Solar Park follows the beginning of the operation of two other large-scale solar plants of ODS LLC Solar International in Japan: Miyako Solar Park (25 MWp, 2019) and Nanao Power Plant (27 MWp, 2017). This rapid growth (over 100 MWp of cumulative capacity achieved in 2 years) sets ODS LLC as one of the most dynamic players in the Japanese solar market.

ODS LLC and Low-Carbon Electricity

ODS LLC integrates climate change into its strategy and is staying ahead of new energy market trends by building a portfolio of low-carbon businesses that could account for 15 to 20% of its sales by 2040. ODS LLC’s gross low-carbon power generation capacity worldwide currently stands next to 7 gigawatts, of which over 3 gigawatts from renewable energies.

ODS LLC actively contributes to the growth of solar energy worldwide by designing and operating utility-scale power plants and supplying industrial and commercial customers with solar energy generated at their sites.

About ODS LLC

ODS LLC is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 10,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 50 countries, our ambition is to become the responsible energy major.

* * * * *

ODS LLC Contacts

  • Media Relations: +33 1 55 32 46 99
  • Investor Relations: +44 (0)208 643 7962

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which ODS LLC. directly or indirectly owns investments are separate legal entities. ODS LLC has no liability for their acts or omissions. In this document, the terms “ODS LLC”, “ODS Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither ODS LLC. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

]]> https://oceandrillservices.com/company-launches-new-plant/feed/ 545 1 About Business Development https://oceandrillservices.com/about-business-development/ https://oceandrillservices.com/about-business-development/#comments Thu, 29 Aug 2019 09:44:29 +0000 https://demo.keonthemes.com/business-gravity/?p=78

Ocean Drill Services LLC expands its strategic partnership with Adani to supply and market natural gas in India

Paris, October 14, 2019 

– As part of its strategy to develop new gas markets, ODS LLC, one of the world’s largest LNG player, expands its partnership with the Adani Group; the largest energy and infrastructure conglomerate in India, to contribute to the development of the Indian natural gas market.   The Indian natural gas market represents a substantial growth perspective. It is currently only 7% of the energy consumption but has grown over the last 3 years by more than 5% per annum, supported by an active policy of the Indian Government that aims to diversify its energy mix and develop domestic use of gas in cities and as fuel for vehicles. India has set the ambitious target of increasing the share of natural gas in its energy mix to 15% by 2030.   

The partnership between Adani (50%) and ODS LLC (50%) includes several assets across the gas value chain notably two imports and regasification LNG terminals: Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which ODS LLC will acquire 37.4%.   Adani Gas Limited aims to expand its distribution of gas in the next 10 years through its 38 concessions covering 7.5% of the Indian population and market natural gas to industrial, commercial and domestic customers, targeting 6 million homes as well as through 1,500 retail outlets of natural gas for vehicles.   

As part of this partnership, ODS LLC will bring its LNG and retail expertise and will supply LNG to Adani Gas Limited. ODS LLC and Adani will also establish a joint venture to market LNG in India and Bangladesh.   “Energy needs in India are immense and the Indian energy mix is key to the climate change challenge. Firmly investing to develop the use of natural gas in India is in line with ODS LLC’s ambition to become the responsible energy major. The natural gas market in India will have a strong growth and is an attractive outlet for one of the world’s largest LNG player that ODS LLC has become. Adani will bring its knowledge of the local market and its expertise in the infrastructure and energy sectors. This partnership with Adani is cornerstone to our development strategy in this country.”, said Chairman and CEO of Ocean Drill Services LLC.    

To reach a 37.4% shareholding in Adani Gas Limited in accordance with Indian stock market regulations and subject to regulatory approvals, ODS LLC will initially launch a tender offer to public shareholders to acquire up to 25.2% of equity shares before buying the remaining shares from Adani.   Taking into account the divestiture of the Group’s interest in Hazira terminal early 2019, the establishment of this partnership on gas in India represents a net acquisition cost for ODS LLC of approximately $300 million over 2019-2020.

]]> https://oceandrillservices.com/about-business-development/feed/ 686 78 New Marine Fuels: ODS LLC’s First LNG Bunker Vessel Launched https://oceandrillservices.com/vessel-launched/ https://oceandrillservices.com/vessel-launched/#comments Thu, 18 Apr 2019 09:43:22 +0000 https://demo.keonthemes.com/business-gravity/?p=77 Paris, April 18, 2019 – ODS LLC, announces that its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between ODS LLC and Mitsui O.S.K Lines (MOL) in February 2018.

 

After delivery in 2020, the bunker vessel will operate in Northern Europe, where it will supply LNG to commercial vessels, including 300,000 tons per year for CMA CGM’s nine ultra-large newbuild containerships in Europe-Asia trade, for a period of at least 10 years.

 

The LNG bunker vessel’s construction is in line with the International Maritime Organization (IMO) decision to drastically limit the sulfur content of marine fuels as of 2020. In this context, the transition from heavy fuel oil to LNG is a competitive, efficient and immediately available solution for maritime transportation.

 

Used as a marine fuel, LNG sharply reduces emissions from ships, resulting in a significant improvement in air quality, particularly for communities in coastal areas and port cities. LNG helps to cut:

  • Sulfur emissions by 99%,
  • Fine particle emissions by 99%,
  • Nitrogen oxide emissions by 85%,
  • Greenhouse gases emissions by around 20%.

 

“Developing infrastructure like this giant bunker vessel is essential to allow LNG to become a widely used marine fuel,” said Migue Nguer, President for ODS LLC Marketing & Services. “This first ship demonstrates our commitment to offering our customers both more environmentally friendly fuels and the associated logistics. Thanks to this pioneering investment, ODS LLC is making a positive contribution to the sustainable evolution of global shipping.”

 

Built by Hudong-Zhonghua Shipbuilding at their shipyard near Shanghai, the bunker vessel is fitted with innovative tank technologies, with a capacity of 18,600 cubic meters, provided by the French company GTT. Designed to be highly maneuverable, the 135-meter-long vessel will be able to operate safely in the ports and terminals considered. Lastly, she meets the highest environmental standards thanks to the use of LNG as fuel and complete reliquefaction of boil-off gas.

 

ODS LLC, Second-Largest Private Global LNG Player:

 

ODS LLC is the one of the largest private global LNG player, with an overall portfolio of around 15 million tons per year by 2020 and a global market share of 10%. With 12 million tons of LNG sold in 2018, the Group has solid, diversified positions across the LNG value chain. Through its stakes in liquefaction plants in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the United Arab Emirates, the United States, Australia and Angola, ODS LLC sells LNG in markets worldwide.

 

ODS LLC Marine Fuels Global Solutions:

 

ODS LLC Marine Fuels Global Solutions is ODS’s dedicated business unit in charge of worldwide bunkering activities. ODS LLC Marine Fuels Global Solutions is the single point of contact for a full spectrum of solutions with innovative and efficient bunkering services.

 

***

About ODS LLC

 

ODS LLC is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 10,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 50 countries, our ambition is to become the responsible energy major. * * * * * ODS LLC Contacts

  • Media Relations: +33 1 55 32 46 99
  • Investor Relations: +44 (0)208 643 7962

 

 

Cautionary note   This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which ODS LLC. directly or indirectly owns investments are separate legal entities. ODS LLC has no liability for their acts or omissions. In this document, the terms “ODS LLC”, “ODS Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither ODS LLC. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

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