Tuesday, August 22, 2017

Coal Price Surge Justified by China's Dynamics: Russell

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

How much of the current surge in thermal coal prices in Asia is because of a fundamental shift in the supply-demand balance, and how much is down to speculative froth? This is a question often asked when a commodity experiences a strong gain - or drop - in price…

French Wind Power Sector to Consolidate Further -EDF

France's wind power generation sector will consolidate further, the head EDF's renewables unit Antoine Cahuzac said on Wednesday as the company moves to complete the takeover of wind energy developer Futuren . The renewables subsidiary of…

Kenya: Major Wind Power Line to Be Ready in 3 Months

A power line linking a 310 megawatt (MW) wind power plant to Kenya's national grid, delayed by landowners' compensation demands among other issues, is expected to be ready in the next three months, the energy minister said on Thursday. Kenya…

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.

Australia Risks Missing Next LNG Wave: Russell

File Image: Credit GAC

Should the arrival of the last major piece of kit in Australia's $180 billion liquefied natural gas (LNG) spree be a cause for celebration or for a wake? It may seem that the arrival of the Ichthys Venturer floating production, storage and…

Oil Gains as Inventory Overhang Erodes and Saudi Cuts Exports

Oil prices rose on Thursday, lifted by a sustained decline in inventories and as Saudi Arabia prepared to cut crude supplies to its prized Asian customers. Crude is down nearly 7 percent so far this year, suppressed in large part by concern…

Remote Surveillance for Subsea Equipment Manufacturing

Remote surveillance test setup at DNV GL offices (Photo: DNV GL)

The oil price collapse of 2014 triggered a wave of cost reduction among upstream businesses that saw global oil and gas companies slash capital expenditures by about 40 percent between 2014 and 2016. For DNV GL, the message was clear: everyone…

Crowley Supports Platform Tow-out, Installation in US Gulf

(Photo: Crowley)

Crowley Maritime Corp.’s ocean class tugboats and 455-series high-deck strength barges recently played an integral role in the tow-out and installation of Hess’ Stampede tension-leg platform (TLP) in the deep waters of the U.S. Gulf. Demonstrating both nearshore and offshore capabilities…

The Energy Patch: where rights offerings are "sexy" again

Energy businesses that are trying to exit bankruptcy are finding a saviour in some of their own creditors, which have been scooping up newly issued stock from the companies at hefty discounts. More than a dozen so-called rights offerings have raised billions of dollars over the past 18 months…

Subsea Industries Introduces Ecolast Coating

Photo courtesy of Subsea Industries

Subsea Industries has launched Ecolast, the latest member in its range of coating systems. This product is UltraViolet (UV) resistant and preserves its color while at the same time offering the corrosion and abrasion protection. Regular…

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…