Tuesday, September 18, 2018

Energy News

African Energy: Senegal Leads Local Content Drive

Photo: Centurion Law Group

Senegal is determined to become the new front runner of Africa’s local content development. This is the conclusion of a local content forum held in Dakar on Thursday, organized by Les Conférences…

Serbia's First Large-scale Wind Farm to Start in October

Photo: Elicio NV

Belgian renewable energy firm Elicio NV said on Friday its 42 megawatt (MW) Alibunar wind farm in northern Serbia will start operating in October and help the Balkan country diversify its…

DNV GL Pact with WeatherTech on Wind Turbines

Photo: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that it has joined forces with Swedish atmospheric science experts, WeatherTech.The…

China LNG Tariff Casts Shadow Over New US Export Terminals

© vladsv / Adobe Stock

China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S. export terminals that would propel the United…

Aker BP CEO Predicts Fast Johan Sverdrup Ramp-up

Illustration / TRY courtesy Equinor

Aker BP, a partner in Norway's giant Johan Sverdrup oilfield, expects a fast ramp-up of production when the initial development phase ends in late 2019, its chief executive said on Thursday."I think it will be done in a few months

Oil Slips from 4-month Highs

© eaumstocker / Adobe Stock

Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.Benchmark…

California Offshore Wind Project Progresing

Photo: Aker Solutions

Northern California energy authority RCEA and a consortium of private companies, including Aker Solutions and Principle Power, have submitted a lease application to advance the first commercial…

U.S. Energy Secretary to Russia: Joint Work Could Help Market Stability

U.S. Energy Secretary Rick Perry  (Photo: Energy.gov)

U.S.

Green Energy on the Rise in Thailand

Photo courtesy of BCPG

BCPG Public Company is looking at ways in which innovation in technology and energy management are encouraging consumers to generate reusable energy and sell it on the retail market, Bundit…

Oil Slips From 4-month Highs on Economic Concerns

© B-A  / Adobe Stock

Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.Benchmark…

Petrofac Secures Well Engineering Contracts

Photo: Petrofac

Petrofac has strengthened its global Well Engineering contracts portfolio following a series of award wins worth a combined value of around $20 million.Petrofac secured an exclusive five…

Weatherford CEO's Rebound Plan Relies on Getting Smaller

(Photo: Weatherford)

Four years ago, oilfield company Weatherford International Plc pledged to sell non-core businesses and make paying down debt its top priority after years of borrowing and over spending.It almost worked.

Sinopec Plans to Build Canadian Oil Refinery

China's Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude.State-owned Sinopec…

LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023

LNG for Marine. Photo: Skangas

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The…

Cheniere Inks 15-year LNG Sales Pact with Vitol

© Igor Groshev / Adobe Stock

Cheniere Energy Inc said on Monday that it signed a 15-year agreement to supply liquefied natural gas (LNG) to the world's largest oil trader, Vitol Inc.Cheniere said it will sell 700,000 tonnes of LNG every year to Vitol…

US Aims to Start LNG Deliveries to Germany in Four Years

© vladsv / Adobe Stock

U.S. companies expect to begin delivering liquefied natural gas (LNG) to Germany in four years at the latest and will challenge Russia which now accounts for 60 percent of German gas imports, the deputy U.S.

Oil Higher as U.S. Sanctions on Iran Raise Supply Concerns

© Sergiy Serdyuk / Adobe Stock

Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise…

ESVAGT Orders Two SOVs from Havyard

ESVAGT to provide two Service Operation Vessels, in the new 831L design for MHI Vestas. Photo: ESVAGT

Danish shipowner ESVAGT and offshore wind farm developer MHI Vestas have sealed long-term contracts for the delivery of two new service operation vessels (SOVs) for separate wind farms…

BSM Launches a Offshore Division

“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM Offshore.

In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus…

Germany to Build LNG Terminal in 'Gesture to U.S.'

Germany will chose a city to host a new liquefied natural gas (LNG) terminal by year end's in what its economy minister on Tuesday called "gesture" to the United States, which wants to…