Tuesday, June 27, 2017

QOS Energy Management System Delivered to SunHydrO

Photo courtesy of QOS Energy

QOS Energy completed the delivery of an innovative Energy Management System to SunHydrO, a combined renewable energy and storage R&D project led by French aggregator Sun’R Smart Energy. The SunHydrO project aims to foster the grid integration…

China's Coal Futures Turn Bullish

File Image (CREDIT: AdobeStock / (c) Snap Happy)

China's thermal coal futures rallied to a record high on Friday, lifting September futures to a premium over October, as a prolonged hot spell spurred power demand and low water levels dented hopes of higher hydro output, said three industry sources.

Qatari Export Costs to Rise as Port Ban Disrupts Trading

© Wojciech Wrzesień / Adobe Stock

Region's largest bunkering hub shuns Qatari vessels; affected shippers may face delays, higher costs. The costs of Qatari energy and commodity exports are likely to rise as the United Arab Emirates' ban on Qatari vessels cuts the ships off from the region's main refuelling port…

Vietnam to Approve Coal Power Plants

File Image (CREDIT: AdobeStock / (c) Snap Happy)

Vietnam expects to grant investment licences for three coal-fired power plants worth a combined $7.5 billion, the country's investment minister said. Although Vietnam wants to boost renewable energy output amid resources scarcity and environmental issues…

EBRD to Lend Up to 50 mln Euros for Serbian Wind Farm

The European Bank for Reconstruction and Development (EBRD) said on Wednesday it would lend up to 50 million euros ($53 million) to Serbian company Electrawinds K-Wind to help finance one of the Balkan country's first wind farms. The 104.5…

Golar, Delfin to Jointly Develop US FLNG Project

A joint development agreement between Delfin Midstream and Golar LNG Limited will see the two jointly develop the Delfin LNG project off the coast of Cameron Parish, La. The joint development agreement will facilitate the financing, marketing…

Oil Traders Brace for US Gulf Coast Storm

Oil traders from Texas to Louisiana braced on Tuesday for supply disruptions as Tropical Storm Cindy, formed in the U.S. Gulf of Mexico, threatened to hit refining and production centers with wind and rain later this week. Cindy was located about 265 miles (430 km) south of Morgan City…

US Awards $12 Mln for Wave Energy Projects

© wollertz / Adobe Stock

Up to $12 million has been awarded by the U.S. Energy Department for four West Coast projects that will aim to develop new technologies for harnessing marine and hydrokinetic (MHK) energy from the nation's oceans and rivers as a means to generate reliable and cost-effective electricity.

TechnipFMC & the Future of 'Super-profit Oil'

TechnipFMC is revolutionizing the subsea industry from concept to delivery and beyond. (Image: TechnipFMC)

TechnipFMC’s Andersen discusses the way forward now that “super-profit oil” is over. Ann Kristen Andersen heads up oilfield projects as offshore services and equipment supplier TechnipFMC’s managing director for Norway and Russia. She started her job on the first day of February 2017…

Hedge Funds Turn Bearish on U.S. NatGas

File Image: An LNG Carrier at Sea (CREDIT MISC)

Hedge funds have turned much more bearish towards U.S. natural gas prices after stocks built much more than expected at the start of the summer cooling season. Hedge funds and other money managers cut their net long position in the two main…

Kotug Aids Allseas in Topsides Transport

Photo: Kotug

Kotug International’s offshore division has assisted Allseas with the transfer and transport of Shell’s Brent Delta topsides after the record-setting removal of the structure by Pioneering Spirit. Kotug was mainly involved in the assistance…

Hydro Group Completes MeyGen Contract

Photo courtesy of Hydro Group

Aberdeen-based subsea cable and connector specialist, Hydro Group has completed a contract with technology developer and supplier of tidal turbines, Andritz Hydro Hammerfest (AHH). The agreement saw Hydro Group supply complete connection…

UK Subsea Sector Set to Increase Exports in 2017

Neil Gordon (Photo: Subsea UK)

British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017.

Forum ROV to support University Renewables Projects

The University of Limerick has purchased a Sub-Atlantic Comanche ROV from Forum for renewable energy project work. (Photo: Forum Energy Technologies)

Forum Energy Technologies, Inc. won an order to supply the University of Limerick with a Remotely Operated Vehicle (ROV) to support its subsea inspection and intervention work on renewable energy infrastructure. The University’s Mobile and…

Intertek Appointed by JNCC for Decommissioning Study

Intertek, a Total Quality Assurance provider to industries worldwide, has announced that its Energy & Water experts have been appointed by the UK’s Joint Nature Conservation Committee (JNCC) to undertake a study of potential impacts associated…