Sunday, November 29, 2020

Energy News

Oil Rises on Vaccine Hope, Weak Dollar

© Lagunov/AdobeStock

Oil rose for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes…

Deal Struck to Deliver Maritime Biofuel in Fujairah

Gary Hubbard, Chief Commercial Officer of Neutral Fuels and Lars Liebig, Managing Director of UED.

Uniper Energy DMCC (UED) and Neutral Fuels will collaborate to provide maritime biofuel in Fujairah, UAE.The companies will blend UED’s VLSFO and Neutral Fuels biofuel, creating a maritime…

US Oil Industry Group Pledges to Fight Possible Biden Fracking Limits

© FerrizFrames / Adobe Stock

If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use "every tool at its disposal" including legal action…

Prime Minister Modi: India to Double Refining Capacity in 5 Years

Prime Minister Narendra Modi (File Photo: Kremlin.ru)

India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more aggressive timeline than previously despite…

Charging Ahead: Brent Perry & his Sterling PBES Team Drive Maritime Battery Tech

Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery solutions to boats and ships at sea.  Photo Courtesy Sterling PBES

Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery solutions to boats and ships at sea. Please give us a by the…

Webinar: Offshore Wind: North American Opportunities and Challenges

Offshore wind in North America has the potential to impact the entire offshore energy, maritime, ports and logistics value chain. This webinar delivers insights on the current progress…

Global Crude Market Finds Support From China Demand

© momentscatcher / Adobe Stock

China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders…

China's INE Considers Singapore for Marine Fuel Futures Delivery

© Rex Wholster / Adobe Stock

The Shanghai International Energy Exchange (INE) is considering using oil storage sites in Singapore owned by PetroChina Co as a delivery point for its low-sulphur fuel oil futures contract…

Fortescue Assessing Green Ammonia Plant in Australia's Tasmania

(Photo: Fortescue Metals Group)

Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania, as part of its push to become a major renewable energy…

Trump Administration Rushing to Sell Arctic Oil Leases

© Paul / Adobe Stock

The Trump administration on Monday issued a request to energy companies to identify what specific land areas in the Arctic National Wildlife Refuge should be offered for sale, according…

OTC 2021 Postponed

© Pongbop / Adobe Stock

One of the world's largest conferences and exhibitions dedicated to the offshore energy industry will be postponed next year due to the ongoing COVID-19 pandemic.The Offshore Technology Conference…

Virtual Conference to Focus on Transatlantic Marine Renewables

WindFloat Atlantic  the world's first first semi-submersible floating wind farm, located 20km off the coast of Viana do Castelo, Portugal. Image courtesy EDP Renovables

Marine industry experts from Portugal and Canada are staging a special Blue Economy conference to spark transatlantic business growth. WavEC Offshore Renewables is teaming up with the Embassy…

Forum Bags Trenching System Contract for Cable Maintenance Project in SE Asia

Forum Energy Technologies won an order to supply subsea equipment for a major cable maintenance project in South East Asia, specifically a Perry XT500 trenching system and Dynacon Launch and Recovery System as well as associated surface power and control installations. Photo courtesy Forum Energy Technologies.

Forum Energy Technologies won an order to supply subsea equipment for a major cable maintenance project in South East Asia, specifically a Perry XT500 trenching system and Dynacon Launch…

CorPower Moves Foward with its Plan to Generate Energy from Waves

CorPower Ocean Portugal Country Manager Miguel Silva

CorPower Ocean is set to move forward fast on its wave energy project in the Atlantic Ocean after securing a 10-year license in PortugalThe TUPEM license - awarded by the national Directorate…

Autonomous Offshore Power Trials Get Underway off Hawaii

Image Courtesy Columbia Power Technologies

With the advent of autonomy on and under the water, part of the value proposition is the ability to stay at sea, on station, to exponentially increase efficiencies. Have the ability to repower at sea is central to this effort…

Battery-Power Moves Ahead in the Yacht Sector

‘Galaxy of Happiness’ – a Jean-Jacques Coste design. © Fraser Yachts

Yachts de Luxe (YdL) of Singapore placed a 10-year, $5 million contract with OXIS Energy to build the world’s first ever luxury boat to be powered by Lithium Sulfur (Li-S) cell and battery…

Australia's Iron Ore Giant Fortescue Plans 235GW Green Energy Drive

Illustration by ipopba/AdobeStock

Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with oil giants to provide low-cost green energy globally.Billionaire Forrest…

Shell to Slash Jobs and Capacity at Major Singapore Refinery

Illustration; Credit: Rex Wholster/AdobeStock

Royal Dutch Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce its carbon emissions.The refinery on Pulau Bukom…

LNG to FSU Conversion Completed at Sembcorp

Synergy Group, one of the world’s leading ship managers, has successfully converted an LNG carrier into a Floating Storage Unit. Pictured: The FSU at Sembcorp Marine’s Admiralty Yard in Singapore. Photo: Synergy Group

Ship managers Synergy Group converted a 1992-built, 126,000 cubic meters capacity Liquefied Natural Gas (LNG) carrier into a Floating Storage Unit (FSU). The conversion was performed at…

Shell to Shut Its Convent, La. Refinery Amid Pandemic

(Photo: Jiri Buller / Shell)

Royal Dutch Shell said on Thursday it will shut down its refinery in Convent, Louisiana, the largest U.S. facility to close since the coronavirus pandemic first hit and devastated economic demand worldwide.The shutdown…