World Energy News

Höegh LNG Wins FSRU Deal with Cheniere

Norway-based floating LNG giant Höegh LNG has signed a time charter contract for a floating storage and regasification unit (FSRU) Höegh Galleon with Cheniere Marketing International.The time charter commences in September 2019 after the delivery of the unit, Höegh LNG’s tenth, from Samsung Heavy Industries Co.…
Storm Cut 73% of US Offshore Production

Tropical Storm Barry has cut 73%, or 1.38 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico, the U.S.
USCG & Liquefied Gas Cargoes as Marine Fuel

The establishment of air emissions regulations in the form of Emission Control Areas (ECA) and the approaching IMO 2020 sulfur cap have driven the search for economically, commercially, and environmentally acceptable marine fuels. With advancements in technologies and the significant growth of U.S.
IMO2020: The Rise of Bulk Liquid Hydrogen in Norway

Imagine a power distribution network where excess renewable energy from hydropower, wind, solar, and nuclear energy is converted to hydrogen and used as transportation fuel in the maritime industry. With the allure of a zero emissions fuel, a number of ship owners are starting to seriously consider hydrogen for newly built vessels.
IEA: U.S., China to the LNG Lead by 2024

The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024…

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Offshore Oil & Gas

Tropical Storm Barry Forms in Gulf of Mexico

Tropical Storm Barry formed on Thursday with heavy rains expected across the north-central U.S. Gulf Coast, the National Hurricane Center said.Barry, the second named storm of the 2019 Atlantic hurricane season, was located about 95 miles (150 kilometers) south-southeast of the mouth of the Mississippi River at about 11 a.m. EDT with maximum sustained winds of 40 miles (65 km) per hour, the Miami-based weather forecaster said.

Shale Oil & Gas

Light Sweet Crude Exports Jump at LOOP

The Louisiana Offshore Oil Port (LOOP) exported a record 283,333 barrels per day of light sweet crude last month, according to trade sources, as prices weakened against global Brent.LOOP, which exports mostly medium sour grades produced in the U.S. Gulf of Mexico, last month exported more than twice the amount of light sweet from the prior month. Overall exports of U.S. crude hit a record 3.77 million barrels per day (bpd) one week in June, U.S.

LNG

LNG Project Sanctions Set Records in 2019

Rystad Energy expects LNG greenfield investment in 2019 to reach almost $103 billion, which will be the biggest investment year for the burgeoning industry to date.A total of 33 million tpa of liquefaction capacity and $29 billion of Capex has been sanctioned so far this year, from Golden Pass LNG (US), Cheniere’s Sabine Pass T6 (US) and Anadarko’s Area 1 in Mozambique. Over 70 million tpa of capacity and $70 billion of Capex is waiting to be sanctioned in the second half of 2019.

Renewables

Putin Says Wind Power Harmful to Birds and Worms

Russian President Vladimir Putin questioned on Tuesday the use of wind power, saying wind turbines were harmful to birds and worms.Russia, a world-leading producer of fossil fuel, is lagging other countries in its development of renewable energy sources, such as solar and wind-powered energy.Wind power is rarely used in the country to generate electricity. Enel Russia pledged 90 million euros to build…

Technology

Pronto Reduces Bunker Delays

The number of Maersk vessels experiencing delay at APM Terminals at Maasvlakte II as a consequence of bunker activities reduced significantly during a Pronto pilot.The involved parties explain how real-time insight into each other’s scheduling helps prevent bottlenecks.The online communication platform Pronto enables optimisation of port calls in the Port of Rotterdam by visualising the scheduling…

Legislation

SPARK Joins OSC for $450mln Biz Incubator

Saudi Aramco's King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK.OSC will develop a business incubator called the Common User Supply Base (CUSB) in collaboration with Saudi Aramco, to support the oil and gas industry in the Kingdom and the region, as well as help accelerate the growth of small and medium…

Höegh LNG Wins FSRU Deal with Cheniere

Storm Cut 73% of US Offshore Production

USCG & Liquefied Gas Cargoes as Marine Fuel

IMO2020: The Rise of Bulk Liquid Hydrogen in Norway

IEA: U.S., China to the LNG Lead by 2024

U.S. Oil Makes it to Ukraine, a blow to Moscow

Deepwater Leads in Discovered Oil and Gas

Oil at Six-week High

Latest news

Premier Oil Cuts Operating Costs Forecast

New CEO Guy Takes the Helm at EnerMech

Eni CEO Sues Lawyer for Defamation

Japanese Firms Begin Offshore Wind Surveys

Mexico Unveils Pemex Business Plan

Sparrows Secures Vendor Approval from Aramco

Block Energy Acquires West Rustavi Asset

Airborne Oil & Gas Hires New Director

W. Africa Crude Traders Await Sept Programs

BV Joins the Int'l Windship Association

DOF Bags 2 Platform Supply Contracts

Leviathan Platform Starts Voyage to Israel

Offshore Oil & Gas

Tropical Storm Barry Forms in Gulf of Mexico

EU Threatens Turkey with Sanctions over Cyprus Drilling

Dominican Republic Kicks Off Licensing Round

Maersk Firm to Buy Wind Turbine Supplier

Shale Oil & Gas

Light Sweet Crude Exports Jump at LOOP

Shell, Nigerian Agree to Reopen Oil Flow Station

US Drillers Add Rigs

Michigan Sues to Shut Down Enbridge Oil Pipeline in Great Lakes

LNG

LNG Project Sanctions Set Records in 2019

Pieridae Mulls Extensions with Uniper

LNG Bunkering Market to Reach $12bn by 2024

Novatek Signs LNG Equipment Deal

Renewables

Putin Says Wind Power Harmful to Birds and Worms

ABS, MARIN Launch Wind Propulsion Project

Sun Cable Eyes World’s Biggest Solar Project

Buss Acquires SSC Wind

Technology

Pronto Reduces Bunker Delays

EMEC Tidal Lease Extended

Green Maritime Methanol Project Gets a Boost

Ballard Joins H2Ports Project

Legislation

SPARK Joins OSC for $450mln Biz Incubator

Petrobras to Sell Natural Gas Assets

Wärtsilä Forms New Biofuel Arm

Weatherford Files Bankruptcy Plan

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Press Releases

Ontario Energy Association recognizes outstanding industry achievements with the 2018 OEA ENERGYAWARDS

Internet of Things Company, Seluxit, Prepares Listing on Nasdaq

Velvet Energy and Iron Bridge Resources Announce Successful Tender and Take-up of 81.98% of Iron Bridge Common Shares