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Two Tankers Attacked in Gulf of Oman
Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock, was on fire in waters between…
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Oil Prices Jump 2% After Tanker Attacks
Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.The attacks near Iran and the Strait of Hormuz reignited worries about an impact to flows from…
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Australia Dominates China's LNG Supply
Australia's fast-expanding liquefied natural gas industry has this year been supplying the lion's share of China's growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal.Australia supplied over 53% of China's LNG imports during the first five months of 2019…
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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 the efficiency of their turbines or the emissions-areas compliance of their wind-service vessels will be warmed to know there’s someone they can talk to. Yaskawa’s…
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Offshore Wind – A Brief History
Happy 80th birthday Maritime Reporter & Engineering News! Eighty years is a significant publishing and business accomplishment!Birthdays always cause a look back. An 80-year review starts in 1939, the close of one very challenging decade, the start of events still reverberating today.
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Prelude FLNG Ships First LNG Cargo
The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia…
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Fuel Futures: Diesel Will Spike on IMO2020
New marine fuel rules to boost diesel prices for at least a year -analystsGlobal prices for diesel and marine fuels should…
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First LNG Bunker Vessel Coming in 2020
Wärtsilä was tapped to supply an integrated package of sustainable solutions for China’s first seagoing LNG bunker vessel…
Latest news
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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…
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Okea's IPO Falls Short
Norwegian oil firm Okea has raised 315 million crowns ($36 million) in an initial public offering, the company said on Monday…
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Greek PM May Seek Sanctions Against Turkey in Gas Row
Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is…
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Oilfield Services Firms Keane, C&J Merge
Oilfield services company Keane Group Inc said on Monday it will merge with rival C&J Energy Services in a $745.7 million all-stock deal…
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U.S. and Gulf Allies Face Task Protecting Oil Shipping Lanes
The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes…
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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…
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US Leads World Oil Reserves
The United States has a world-leading 293 billion barrels of recoverable oil resources, which is 20Bbbl more than Saudi Arabia…
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Renewable Energy Brings 11 Million Jobs
According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018.
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Norway Wealth Fund to Drop ConocoPhillips, Hess
Norway's wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added…
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US Considering Sanctions Over Nord Stream 2
President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project…
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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…
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UN Calls for Investigation on Tanker Attacks
United Nations Secretary-General Antonio Guterres called on Friday for an independent investigation to establish the facts…
Offshore Oil & Gas
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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…
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Book Review: Getting Down to It; 50 Years of Subsea Success in Norway
The Norwegian Continental Shelf’s journey from the very first basic marinized subsea trees to today’s complex and sophisticated…
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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…
Shale Oil & Gas
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BP Boosts Saudi, U.S. Oil Reserves Estimates
BP raised its estimates of Saudi and U.S.
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Only 10% of Shale Firms Reports Positive Cash Flow
Only four, out of the financial performance of 40 dedicated US shale oil firms under study, reported a positive cash flow…
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Frac Sand Prices to Remain Flat
Demand for sand to be used by the oil and gas industry in hydraulic fracturing operations in the US is set to grow by 10% in 2019 and 17% in 2020…
LNG
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Exmar Commissions Tango FLNG
Belgian owner and operator of gas carriers Exmar has completed the commissioning of the 16,100 cbm Tango floating liquefaction…
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Novatek Pact with Chinese Duo on Arctic LNG 2
Russia's second largest natural gas producer, Novatek has signed share purchase agreements with two Chinese oil giants for…
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Austria's OMV, Russia's Gazprom Sign Pact
Austrian integrated oil and gas company OMV and Russian energy giant Gazprom have signed a Memorandum of Understanding (MoU)…
Renewables
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Dubai Intros Floating Solar Power Plants
The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) to appoint consultants to study…
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Europe Invests in African Renewable Energy
The provider of testing and advisory services to the energy value chain including renewables and energy management, DNV GL…
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Asian Renewables Investment on the Rise
Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy…
Technology
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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…
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Green Maritime Methanol Project Gets a Boost
Shipowners, shipyards, manufacturers and ports have joined forces to investigate the feasibility of methanol as a sustainable…
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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
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Icahn Sues Oxy Over 'Misguided' Anadarko Deal
Occidental Petroleum Corp 's activist investor Carl Icahn has filed a lawsuit against the company over what it called its…
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Mexico Punishes Former Pemex CEO
Mexico's government has punished the former chief executive of state oil firm Petroleos Mexicanos for misuse of public funds…
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Nord Stream 2 Launch Facing Delays
Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in…
