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U.S. Crude Oil Exports: When 'Less is More'
Longer sailing distances cushion fall in US crude oil exportsTon mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by 18.8%…
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"Coal has to go," CEO of Poland's PGE Says
Coal has obviously to be scrapped as a power source, the CEO of the Polish group which owns the EU’s biggest carbon-emitting power plant said on Thursday, underscoring a policy shift in a country until recently wedded to coal to generate electricity.Poland produces most of its electricity…
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Bubble Tech Helps Methane Carrier Save 6.6% net on Fuel, Emissions
Retrofit of air lubrication technology achieves verified performance of 6.6% net savings during initial testing.Silverstream Technologies' air lubrication system, the Silverstream System, has reportedly delivered 6.6% fuel and emissions savings during testing on the Shell-chartered 170…
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Inside the Red-Hot Offshore Wind Energy Market
As the traditional offshore oil and gas markets continue to struggle, the renewable offshore wind market is hot and getting hotter.As the cumulative maritime, offshore, port and logistics marketplace gears up for offshore wind energy on a huge scale, World Energy Reports (WER), in…
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BLUE X: Mocean Energy unveils Wave Energy Prototype
Mocean Energy unveiled its Blue X wave energy prototype which will take to the seas in Orkney next month.The 20-m long, 38-ton wave machine has been fabricated wholly in Scotland and will be deployed at the European Marine Energy Center’s Scapa Flow test site for sea trials initially…
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RENEWABLE ENERGY: Smart Power Buoy - Wave Power Expands Recharge at Sea Possibilities
From powering sensor systems to recharging autonomous vehicles to feeding the power grid, Resen Waves is making step changes…
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NTSB Accident Report: Erratic Steering Led to 2019 Sabine Pass Collision
The National Transportation Safety Board found that the erratic steering of a supply vessel led to a 2019 collision resulting in more than 6…
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MISC Takes Delivery of VLEC Seri Elbert
MISC Berhad (MISC) has taken delivery of its sixth Very Large Ethane Carrier (VLEC) – Seri Elbert, from Hyundai Heavy Industries…
Latest news
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Rystad: Oil Demand to Peak in 2026
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier…
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US Interior Dept Revokes Trump Energy Policies, Focuses on Climate
The U.S. Interior Department on Friday sought to erase the Trump administration's pro-fossil fuels legacy from the nation's…
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Chevron Shareholders to Vote on Climate Change Proposals, Emissions Targets
Chevron Corp shareholders will vote on proposals aiming to require the No. 2 U.S.
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US House Bill Seeks $8 Bln for Abandoned Oil and Gas Well Cleanup
A U.S House of Representatives Democrat introduced a bill on Thursday authorizing $8 billion to plug and clean up abandoned oil wells nationwide…
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Shell to Link Directors' Pay to Climate Performance
Royal Dutch Shell has proposed linking its directors' pay more closely to the group's climate performance and severing the…
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Ship Power: MAN Energy Solutions Unveils New LNG Dual-fuel Engine
In a live-stream presentation from its Copenhagen Research Center, MAN Energy Solutions has demonstrated advanced dual-fuel…
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Renewable Energy: The Tides Help Power Cars in Scotland
Nova Innovation announced that vehicles in Shetland are now fueled by the power of the sea, courtesy of the creation of the…
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Eni Buys Biogas Production Firm FRI-EL Biogas
Italian energy giant Eni has agreed to buy FRI-EL Biogas Holding company, a leader in the Italian biogas production sector.The…
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MethanQuest: Test Results In for Renewable Hydrogen, Methane as a Fuel
As the maritime industry embarks on 'the path to zero', it is widely acknowledged that there is currently not a 'silver bullet' solution…
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Bedrock Scores $8M in Funding to Fast Track Ocean Data Initiatives
Bedrock Ocean Exploration, which was created to make the business of gathering, processing and disseminating accurate information…
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India Asks Refiners to Cut Reliance on Middle East Oil after OPEC+ Decision
India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle…
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Total CEO Not Betting on Prices Staying at $70 a Barrel
Total's chief executive said on Monday it could take two years for the world economy to recover from the coronavirus pandemic…
Offshore Oil & Gas
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Geothermal Energy: A New Life for Old Offshore Oil Wells?
Old offshore oil wells could be turned into geothermal energy producers under a plan by a new consortium. The group, The…
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Denmark Might Not Reach Its 2030 Emissions Reduction Goal as It 'Relies on Unproven Tech'
Denmark risks not reaching its goal to cut carbon emissions by 70% by 2030 because it is too reliant on unproven technology…
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CorPower Extends Equity Funding for Commercial Scale Demo
After securing a private placement of 9 million Euros, CorPower has extended its equity funding to 20.3 million Euros, for…
Shale Oil & Gas
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US Oil Industry Group Pledges to Fight Possible Biden Fracking Limits
If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum…
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Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry
As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in…
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Shale Pioneer Chesapeake Energy Files for Bankruptcy
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy…
LNG
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Cheniere Expects Rising LNG Demand with Vaccine Rollout
Cheniere Energy Inc, the top U.S. liquefied natural gas producer, on Wednesday raised its full-year adjusted earnings forecast…
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Valenciaport to the Fore in Spain's LNG Bunkering Ops
Valenciaport is at the forefront in Spain in the supply of LNG (Liquefied Natural Gas) by the shipping company Baleària.
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LNG Shipping Rates from US Surge to Record Highs
The cost of shipping liquefied natural gas (LNG) from the United States to Asia hit a record high on Tuesday as appetite…
Renewables
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Shell Accelerating Renewables Push in Germany
Royal Dutch Shell in Germany aims to produce aviation fuel and naphtha made from crops and renewable power and to increase…
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RP Global to develop a 1GW solar PV and wind project pipeline in Poland
Renewable energy developer and investor RP Global is working on a pipeline of projects in Poland to deliver more than 1,000…
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MHI Invests in C-Zero to Accelerate Production of Clean Hydrogen
$11.5M Series A Funding Round Also Includes Breakthrough Energy Ventures, ENI Next and AP Ventures Mitsubishi Heavy Industries, Ltd.
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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Biden Administration Suspends Federal Oil and Gas Permitting
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it…
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Biden Announces Return to Global Climate Accord, New Curbs on US Oil Industry
U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change…
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EU Energy Watchdog Sanctions Bosnia over Non-compliance with Rules
The European Union's energy watchdog has extended sanctions against Bosnia for another two years over the Balkan country's…
