Thursday, September 24, 2020

Americas News

Denmark's Vestas Breaks Wind Turbine Installation Record, Woodmac Says

Image Credit: Vestas

Danish wind farm turbine builder Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.The Danish…

Equinor Suspends 2020 Production Guidance

An Equinor platform - Credit: Equinor

Equinor has suspended its 2020 oil and gas output guidance amid government-imposed curtailments and a glut of supply, and could take further action to scale back activity this year, the Norwegian energy firm…

More Disruption and Uncertainty in Store for Petrochemicals

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The impact of the coronavirus lockdowns on the oil, gas and chemicals industries’ integrated value chains is radically shifting relationships and profitability.It is also making planning virtually impossible…

Offshore Helicopter Merger Nears Completion as HSR Waiting Period Ends

Illustration; A Bristow helicopter / Image by Colin Gregory / Flickr - CC BY 2.0 license

Offshore helicopter players Era and Bristow, which recently announced plans to merge, have skipped a hurdle towards the completion of the merger.Era said Tuesday that the waiting period for the proposed merger…

Shale Pioneer Hess Says Key U.S. Fields Starting to Plateau

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Shale pioneer John Hess said Tuesday that key U.S. shale fields are starting to plateau, calling shale "important but not the next Saudi Arabia."Production in the Eagle Ford Shale in South Texas is starting to plateau…

Europe Dominates LNG Import Story in 2019

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Global liquefied natural gas (LNG) production jumped in 2019, triggering oversupply and low prices that are expected to persist in 2020. Initial full-year data from LNG Edge shows exports at 355 million tonnes in 2019…

Malaysia Spot Crude Premiums Hit Multi-year High

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Asia-Pacific refineries are forking out multi-year high premiums for sweet crude produced in the region as alternative supplies from the West have become more expensive with the rise in shipping costs, several…

Africa: Strong Scope for Offshore Licensing in 2020

Image: Total

Throughout 2019 Africa has led licensing round activity; looking forward to 2020 this is set to continue, however results of the recent rounds have had limited success in a global context.Eight licensing rounds…

FTR Continues Year-on-year Growth

FTR offers procurement, fabrication, FPSO and construction services to the energy industry. (Photo: FTR)

Fulkrum Technical Resources (FTR), global provider of technical personnel specializing in QA/QC, inspection and vendor surveillance services to the energy industry, announced recent contract wins resulting…

Offshore: OSV Market Report

Photo courtesy Ulstein Group/Marius Beck Dahle

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices…

LR Bolsters Well Management Team

Melvin Banford, John O’Neill, Derek Harrold, Steve Harris and Matt Rothnie (Photo: Lloyd's Register)

Lloyd’s Register announced it has made several key appointments to its wells engineering and project management consultancy following a series of major contract wins and global growth.John O’Neill brings more…

First Commercial Cargo Loaded from Tango FLNG

FLNG Tango (File photo: Exmar)

Argentine oil company YPF SA has loaded its first commercial liquefied natural gas (LNG) cargo for export from a new floating facility, trade sources said on Friday.Argentina's export joins a wave of new supply…

RCG Opens Vancouver Office

Matthew Irvine will head the new RCG office in Vancouver, Canada (Photo: RCG)

Sector-specialist advisory firm The Renewables Consulting Group (RCG) said it has appointed Matthew Irvine as Director and head of a new office in Vancouver, Canada., as the firm looks to strengthen its local…

Bachmann, Stjernfeldt Join EVPE Board

Bettina Bachmann and Carl Stjernfeldt (Photos: EVPE)

EV Private Equity (EVPE) has appointed two new Advisory Board members, Bettina Bachmann and Carl Stjernfeldt, who bring decades of experience and venture capital knowledge to the firm.Bachmann spent 35 years at Shell…

U.S. Shipping Sanctions Give Boost to EU Refiners

Exxon's Rotterdam Refinery (CREDIT EXXON)

U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders…

Wood Names Cox as Americas CEO

Stephanie Cox is the new CEO of Wood’s Americas business (Photo: Wood)

Energy services company Wood said Stephanie Cox  will take over as CEO of its Americas business, succeeding Andrew Stewart who has been appointed executive president of strategy and development for the global…

Sinopec Weighs Output Cuts Due to Freight Rate Surge

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Asia's largest refiner, Sinopec, is weighing plans to cut oil imports in December and reduce output at its refineries after a surge in global tanker freight rates hit margins, four sources with knowledge of…

Vestas Wins 337 MW Wind Power Order in US

Image: Vestas

Vestas, a sustainable energy solutions provider,  has received an order for 337 MW of V150-4.2 MW turbines and V136-3.45 turbines delivered in 3.7 MW Power Optimised Mode for a wind project in the U.S. The…

Offshore Wind Conference Set for SUNY Maritime

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The Center of Excellence for Offshore Renewable Energy at the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler, are hosting the Ocean Wind Energy Conference on Thursday…

SEA\LNG Expands Membership in U.S.

Image: SEA\LNG

Houston-based Stabilis Energy has joined SEA\LNG, the multi-sector industry coalition which is seeking to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel.Commenting on the development…