-
Pavilion Acquires LNG assets of Iberdrola
Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets.The portfolio comprises about 4 million tonnes per annum (mtpa) of Iberdrola's…
-
Brent Oil Climbed 5% This Week
Brent oil rallied above $65 per barrel on Friday and was on track for a 5% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.Brent crude was up $0.69, or 1.07%, at $65.14 a barrel at 1210 GMT.
-
US Rig Count Climbs
U.S. energy firms increased the number of oil rigs operating for the first time in the past three weeks as U.S. crude futures soared around 10% this week.Big energy price declines over the prior couple of months, however, prompted one analyst to cut rig count forecasts for 2019 and 2020.Companies added one oil rig in the week to June 21…
-
Orsted to Build NJ's First OWF
Denmark’s Ørsted won New Jersey’s first offshore wind solicitation with a 1.1-gigawatt project Ocean Wind, the largest offshore wind project to secure a development deal with a U.S. state to date.The New Jersey Board of Public Utilities (NJBPU) announced in a press note that it has selected Ocean Wind…
-
Market in Focus: Gas Ships
Infrastructure continues to expand, and pricing incentives will continue to shift as the market matures. The LNG markets look like they may resemble the clean product tanker market in several years, which is highly arbitrage driven. We look to see an increased number of portfolio players working the spot market…
-
Vitol Builds Refinery for New Ship's Fuel
Vitol, the world's largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia…
-
BP Rig Arrives On Site Despite Protests
A BP drilling rig reached its destination in the North Sea on Wednesday after 11 days of delays due to Greenpeace protests over climate change…
-
Anadarko Approves $20 Bln Mozambique LNG Project
U.S. energy firm Anadarko Petroleum Corp gave the go-ahead on Tuesday for the construction of a $20 billion gas liquefaction…
Latest news
-
U.S. Court to Decide Who Will Control Citgo
A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival…
-
Tullow's Kenya, Uganda Projects Timelines Slip
Britain's Tullow Oil has delayed the final investment decision (FID) for its Kenya project to 2020 and has not yet sealed…
-
Wood Sees Profit Rise
British engineering and oilfield services provider Wood Plc said on Wednesday its operating profit for the first half would be 25% higher than last ye
-
BHGE to Bring AI to Oilfield
Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial…
-
Vestas, GE Settle U.S. Patent Dispute
Vestas Wind Systems A/S and GE Renewable Energy have settled all disputes related to multiple claims of patent infringement…
-
Senegal President's Brother Resigns After Energy Fraud Claims
The brother of Senegal's President Macky Sall has resigned from his government post after allegations of fraud relating to natural gas contracts…
-
Oil Prices Mixed Ahead of US Crude Sstock Data
Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing investors' concerns…
-
Does the Answer to Our Energy Problems Lie in Tiny Microbes?
Such are the dire predictions about climate change these days that there seem to be only two courses open for human society…
-
IMO 2020: Hydrogen's Future in Maritime
Hydrogen fuel cell technology to Satisfy Future IMO RequirementsWith an ongoing push by the maritime community to reduce…
-
World's Longest Wind Turbine Blade Debuts
The American supplier of rotor blades to the wind industry LM Wind Power, part of GE Renewable Energy, has displayed its first 107-meter blade…
-
Dutch-Aussie Team Targets Safer Blade Lifting
Dutch maritime contractors Van Oord and heavy lifting and transport specialist Mammoet are cooperating with Australian start…
-
E.Timor, Australia to Ratify Maritime, Gas Deal This Year
East Timor and Australia are set to ratify a maritime border treaty, which regulates how the two countries will share revenue…
Offshore Oil & Gas
-
Saudis: Iran Created "Very Grave" Gulf Situation
Iran has created a grave situation and jeopardized global oil supplies with its aggressive behavior, Saudi Arabia's minister…
-
Bourbon BoD to Analyze Restructuring Proposals
Following the submission of financial restructuring proposals subject to conditions precedent, the Board of Directors of…
-
U.S. Refiner Phillips 66 Enters Offshore Oil Export Race
U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least…
Shale Oil & Gas
-
Dutch Court Orders Shell to Pay $2.8 mln Fine for 2014 Plant Blast
A Dutch court on Monday ordered Royal Dutch Shell to pay a 2.5 million euro ($2.8 million) fine for failing to prevent an…
-
BP Boosts Saudi, U.S. Oil Reserves Estimates
BP raised its estimates of Saudi and U.S.
-
Cheniere to build LA Sabine LNG Export Train
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday it will build the sixth liquefaction train at…
LNG
-
Shell Sees More FLNG Opportunities
Royal Dutch Shell sees more opportunities for floating liquefied natural gas projects, but not necessarily like its $17 billion…
-
Masela Development Approval Nears
The Indonesian government is set to approve Japanese Inpex Corp's revised plan of development for the Masela natural gas block next week, the chairman
-
Abadi LNG Development Deal Reached
Japan's biggest oil and gas explorer Inpex Corp and the Indonesian government signed a basic agreement on the development…
Renewables
-
Offshore Wind – A Brief History
Happy 80th birthday Maritime Reporter & Engineering News! Eighty years is a significant publishing and business accomplishment!Birthdays…
-
Offshore wind: One-stop Power Conversion
With the United States and China about to start their respective offshore wind build-ups, grid operators wondering about…
-
Vattenfall Launches Maiden Green Bond
Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects…
Technology
-
EMEC Tidal Lease Extended
The European Marine Energy Centre has secured a lease extension on its primary tidal energy test site until 2040 from Crown…
-
Green Maritime Methanol Project Gets a Boost
Shipowners, shipyards, manufacturers and ports have joined forces to investigate the feasibility of methanol as a sustainable…
-
Ballard Joins H2Ports Project
Ballard Power Systems Europe is providing technology to H2Ports project which will see Valencia’s port in Spain become the…
Legislation
-
Cyprus Issues Arrest Warrants for Turkey Drill Ship Crew
Cyprus has issued arrest warrants for the crew of a Turkish drill ship anchored close to its coast for allegedly infringing…
-
Damen to Showcase Capabilities for US Offshore Wind Sector
Damen Shipyards Group will be present at the fourth annual US Offshore Wind 2019 Conference and Exhibition on June 10-11…
-
First ANS Cargo in One Year on Way to China
One million barrels of Alaskan crude is due in China next week, the first such shipment in almost a year, according to data…
