Wednesday, May 8, 2013

Shell moves forward with ultra-deepwater Stones project in Gulf of Mexico; deepest production facility in world

Royal Dutch Shell plc (Shell) made a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets in motion the construction and fabrication of a floating production, storage, and offloading (FPSO) vessel and subsea infrastructure.

The Stones field is located in 9,500 feet (2,896 meters) of water, approximately 200 miles (320 kilometers) southwest of New Orleans, Louisiana, and was discovered in 2005. The project encompasses eight US Federal Outer Continental Shelf lease blocks in the Gulf of Mexico's Lower Tertiary geologic trend. Shell has been one of the pioneers in the Lower Tertiary, establishing first production in the play from its Perdido Development.

Stones
Location of Stones. Click to enlarge.

The Stones development will start with two subsea production wells tied back to the FPSO vessel, followed later by six additional production wells. This first phase of development is expected to have annual peak production of 50,000 boe/d from more than 250 million boe of recoverable resources. The Stones field has significant upside potential and is estimated to contain more than 2 billion boe of oil in place, according to Shell.

This important investment demonstrates our ongoing commitment to usher in the next generation of deepwater developments, which will deliver more production growth in the Americas.

-John Hollowell, Executive Vice President for Deepwater, Shell Upstream Americas

An FPSO design was selected to develop and produce this ultra-deepwater discovery while addressing the relative lack of infrastructure, seabed complexity, and unique reservoir properties. With an FPSO, tankers will transport oil from the Stones FPSO to US refineries, and gas will be transported by pipeline. Features of the design include:

  • A turret with a disconnectable buoy will allow the FPSO vessel to weathervane in normal conditions and to disconnect from the well system and sail to safe areas in the event of adverse weather conditions.

  • A lazy wave riser configuration will be used, consisting of a steel catenary riser with buoyancy added with an arch bend to decouple the FPSO dynamic motions and subsequently increase riser performance.

  • The ultra-deepwater mooring system holding the FPSO on station uses a combination of polyester rope and chain.

  • Multiphase seafloor pumping is planned for use in a later phase to pump oil and gas from the seabed to the FPSO, increasing recoverable volumes and production rates.

The launch of the Stones development is a key milestone for Shell as it continues to grow deepwater exploration and development in the Gulf of Mexico, having made progress recently on the Mars-B development project with the arrival of the Olympus tension leg platform. Shell is also in the concept selection phase for the Appomattox and Vito discoveries in the Gulf of Mexico.

Shell holds 100% interest and will operate the Stones development.

http://www.greencarcongress.com/2013/05/stones-20130508.htm


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Tuesday, May 7, 2013

Tesla Lease - Elon Musk

Website: http://MrEnergyCzar.com Hi everybody, MrEnergyCzar here. This video is about Tesla's unique lease option for the Model S. Facebook: http://www.faceb...

http://www.youtube.com/watch?v=Bu8qpkmaUR0&feature=youtube_gdat

Credit: mrenergyczar


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Friday, May 3, 2013

NRG Solar Cuts Ribbon on Alpine Solar Generating Facility

CARLSBAD, Calif.--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE: NRG), through its wholly owned subsidiary NRG Solar, announced that it will commemorate the opening of the Alpine Solar Generating Facility in Lancaster, Calif., at a ribbon-cutting event later this morning. The 66 megawatt (AC) Alpine solar photovoltaic facility, which started commercial operations earlier this year, is currently the largest fully operational solar plant in California. T ...

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http://www.businesswire.com/news/home/20130503005192/en/NRG-Solar-Cuts


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Thursday, May 2, 2013

Home solar leasing business shines for SunPower

Solar leases have become a popular way for consumers to use solar electricity without paying for the expensive upfront price. Case in point: demand for SunPower's residential solar leases is far greater than the money available to finance them, company executives said Thursday.

"Our residential lease business remains strong, with demand outstripping our financial capacity in the first quarter," said Tom Werner, SunPower's CEO, during a call with analysts to discuss quarterly earnings.

The Silicon Valley company signed over 2,100 leases during the first quarter, bringing the cumulative total to over 16,200. SunPower launched the lease program in 2011. The lease sign up rate is roughly the same as in 2012, during which it signed up 11,415 of them through its network of dealers, or roughly 2,800 of them per quarter.

PHOTOS: SunPower Factory Tour, 25 Years to 1 GW

Homeowners who sign leases, which run 20 years, pay a monthly fee for using the solar electricity from the solar panels installed on their rooftops. They don't own the equipment and aren't responsible for its maintenance or repairs. SunPower raises money from investors to finance the leases. The investors, which include banks and companies such as Google, put up the money partly to take advantage of a federal tax credit that amounts to 30 percent of the price of all the solar energy system installed using their funds.

Since the lease business is fairly new, it hasn't been making a big impact on SunPower's financial performance though. The company's shares shot up 17 percent after its earnings announcement mainly because it delivered better financial results than expected.

The company generated $635.4 million in revenue for the first quarter, up 29 percent from the $494.1 million for the first quarter in 2012. It narrowed its losses to $54.7 million , or $0.46 per share, from $74.5 million, or $0.67 per share, year over year.

SunPower makes solar panels and develops power plants. It's building two huge projects in California. It has installed over 90 percent of the solar panels for the 250MW power plant called California Valley Solar Ranch, which is owned by NRG Solar. It recently started building two projects totaling 579MW that their owner, MidAmerican Solar, called Antelope Valley Solar Projects.

108

Internationally, SunPower continues to do well in Japan, a hot market that began offering fat incentives for solar energy generation after the Fukushima nuclear power plant disaster in March 2011. Through mostly Toshiba and a little through Sharp, SunPower's seeing more demand for its solar panels in Japan than it had anticipated, Werner said. Sales volumes doubled from 2011 to 2012 and could double again in 2013, said Howard Wenger, the company's head of global sales and development.

Most of the company's solar panels are going to residential rooftops in Japan. Living space tends to be small (and more efficiently used) in Japan than it's the case in the United States, so SunPower's highly efficient solar panels are a good fit, its executives said. Its silicon solar panels can convert about 21 percent of the sunlight into electricity, higher than other silicon solar panels on the market today. Silicon solar panels accounted for 89 percent of the solar panels made in 2012, according to GTM Research.

SunPower has had to cut production and costs in the past two years as the global solar market saw a pricing collapse from an oversupply of solar panels.

SunPower6

The average wholesale prices worldwide fell 50 percent from 2011 to 2012 while demand for them grew only 5 percent during 2012, said NPD SolarBuzz. Dozens of solar panel makers around the world have filed for bankruptcy.

SunPower executives said they have beaten their cost-cutting goals.

"It's brutal to be exclusively a module manufacturer," Werner said. "As you look at SunPower, we moved from modules originally to systems a few years ago, and what we sell today is energy in the form of leases or PPA (power purchase agreements)."


Related research and analysis from GigaOM Pro:
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http://gigaom.com/2013/05/02/home-solar-leasing-business-shines-for-su


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Fracking ourselves to death in Pennsylvania


More than 70 years ago, a chemical attack was launched against Washington State and Nevada. It poisoned people, animals, everything that grew, breathed air, and drank water. The Marshall Islands were also struck. This formerly pristine Pacific atoll was branded "the most contaminated place in the world." As their cancers developed, the victims of atomic testing and nuclear weapons development got a name: downwinders. What marked their tragedy was the darkness in which they were kept about what was being done to them. Proof of harm fell to them, not to the U.S. government agencies responsible.
Now, a new generation of downwinders is getting sick as an emerging industry pushes the next wonder technology -- in this case, high-volume hydraulic fracturing. Whether they live in Texas, Colorado, or Pennsylvania, their symptoms are the same: rashes, nosebleeds, severe headaches, difficulty breathing, joint pain, intestinal illnesses, memory loss, and more. "In my opinion," says Yuri Gorby of Rensselaer Polytechnic Institute, "what we see unfolding is a serious health crisis, one that is just beginning."
Continue Reading...


http://www.salon.com/2013/05/02/fracking_ourselves_to_death_in_pennsyl

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Wednesday, May 1, 2013

127 Megawatt Utility-Scale Solar Installation Opens in Arizona with 25MW of U.S.-Made Solar Modules from KYOCERA

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Kyocera Solar Inc. today helped officially open the 127MW utility-scale AV Solar II photovoltaic solar energy installation in southwest Arizona, accompanied by LS Power and Ariz. Governor Jan Brewer. ...

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http://www.businesswire.com/news/home/20130501005942/en/127-Megawatt-U


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127 Megawatt Utility-Scale Solar Installation Opens in Arizona with 25MW of U.S.-Made Solar Modules from KYOCERA

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Kyocera Solar Inc. today helped officially open the 127MW utility-scale AV Solar II photovoltaic solar energy installation in southwest Arizona, accompanied by LS Power and Ariz. Governor Jan Brewer. ...

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http://www.businesswire.com/news/home/20130501005942/en/127-Megawatt-U


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