World Energy News

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…
Schlumberger Names New CEO, Tops Revenue

Schlumberger NV said on Friday Chief Operating Officer Olivier Le Peuch will replace longtime Chief Executive Officer Paal Kibsgaard, as the company looks to shore up its position as a leader in drilling technology.The world's largest oilfield services provider also reported better-than-expected quarterly revenue…

Latest news

Offshore Oil & Gas

BV Joins the Int'l Windship Association

The decarbonization drive is gearing up to be the defining issue faced by the shipping sector in the coming decades and the industry is searching for low carbon and zero emissions technologies that will deliver on the International Maritime Organization (IMO) initial strategy of reducing emissions by at least 50% by 2050. One family of technologies that is seeing an upsurge of interest in the industry is wind-assist and primary wind propulsion solutions.

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

Offshore Wind Hubs Feasible in the N. Sea

The international consortium partners of the North Sea Wind Power Hub (NSWPH) has found that the proposed Hub-and-Spoke concept is technically feasible. A gradual roll-out of 10 to 15 gigawatts hubs is the next logical step towards a large offshore wind build-out, it said.Over the past months, NSWPH has been analyzing the possibility and conditions required to build one or several wind power hubs in the North Sea.The consortium has conducted a wide range of studies…

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…

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

Schlumberger Names New CEO, Tops Revenue

Höegh LNG Wins FSRU Deal with Cheniere

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

Deepwater Leads in Discovered Oil and Gas

Latest news

Van Oord Completes Foundation for EA1

Tolent Begins Triton Knoll Base Work

New York Awards Offshore Wind Contracts

Aker Energy IPO May be in Late 2019 or 2020

Toyota Intros New Lithium-ion Range

Woodside Q2 Revenue Slides 32%

Santos Posts Record Production in Q2

Premier Oil Cuts Operating Costs Forecast

Eni CEO Sues Lawyer for Defamation

Japanese Firms Begin Offshore Wind Surveys

Mexico Unveils Pemex Business Plan

Vietnam: Chinese Vessel Violated its Sovereignty

Offshore Oil & Gas

BV Joins the Int'l Windship Association

Tropical Storm Barry Forms in Gulf of Mexico

EU Threatens Turkey with Sanctions over Cyprus Drilling

Dominican Republic Kicks Off Licensing Round

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

Offshore Wind Hubs Feasible in the N. Sea

ABS, MARIN Launch Wind Propulsion Project

Putin Says Wind Power Harmful to Birds and Worms

Sun Cable Eyes World’s Biggest Solar Project

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