Friday, July 19, 2019

Energy News

Vietnam: Chinese Vessel Violated its Sovereignty

Vietnam on Friday accused a Chinese oil survey vessel and its escorts of violating its sovereignty and demanded that China remove the ships from Vietnamese waters.Vietnam and China have…

Van Oord Completes Foundation for EA1

Photo:  Van Oord

Dutch maritime contracting company Van Oord has installed the last jacket foundation for offshore wind farm East Anglia ONE (EA1) and delivered it to client ScottishPower Renewables.Van…

Tolent Begins Triton Knoll Base Work

Image: Innogy Renewables

UK based contractor Tolent started work to construct a new multi-million offshore construction and operations base for Triton Knoll has officially started at Grimsby’s Royal Dock.Having been awarded the contract last month…

Aker Energy IPO May be in Late 2019 or 2020

Aker Chief Executive Oeyvind Eriksen (Photo: Aker)

Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana approves the development plan of its Pecan oilfield, the CEO said.The company, c

Toyota Intros New Lithium-ion Range

Image:  Toyota Material Handling Europe

U.S. distributor of Toyota lift trucks and tow tractors Toyota Material Handling has announced the approval of a new lineup of lithium-ion batteries for use in its 3- and 4-wheel electric…

Japanese Firms Begin Offshore Wind Surveys

Map: Sumitomo Corporation Group

Japanese companies Sumitomo Corporation and Electric Power Development Co., Ltd. (J-POWER) have begun an offshore ground investigation off the coast of Japan to explore the possibility…

IEA: U.S., China to the LNG Lead by 2024

© Mike Mareen/Adobe Stock

The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S.

IMO2020: The Rise of Bulk Liquid Hydrogen in Norway

Renderings of a bulk carrier for the transportation of liquefied hydrogen by Moss Maritime, Wilhelmsen Ship Management, Equinor, and DNV-GL. Photo credit: Moss Maritime.

Imagine a power distribution network where excess renewable energy from hydropower, wind, solar, and nuclear energy is converted to hydrogen and used as transportation fuel in the maritime industry.

Block Energy Acquires West Rustavi Asset

Image: Block Energy

The oil and gas company in Georgia,  Block Energy said its working interest in the West Rustavi licence, in Georgia, has increased to 100%.The increase, from 71.5% and originally from 25%…

Hurricane Energy Spuds Lincoln Crestal

Image: Hurricane Energy

UK-based oil exploration and production company Hurricane Energy said it has spudded the second of three wells on the Greater Warwick Area in the UK North Sea.Well 205/26b-B well, or Lincoln Crestal…

SPARK Joins OSC for $450mln Biz Incubator

Photo: Saudi Arabian Oil Co.

Saudi Aramco's King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK.OSC will develop a business…

Leviathan Platform Starts Voyage to Israel

(Image: Delek Drilling)

The gas platform for the Leviathan natural gas field is on its way to Israel from the Gulf of Mexico, the partners in the project said on Sunday.The first of four barges transporting the…

LNG Project Sanctions Set Records in 2019

Graph: Rystad Energy

Rystad Energy expects LNG greenfield investment in 2019 to reach almost $103 billion, which will be the biggest investment year for the burgeoning industry to date.A total of 33 million…

Pieridae Mulls Extensions with Uniper

Andreas Schierenbeck, Uniper CEO: Photo: Uniper

Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader Uniper.These include expected commercial deliveries of  LNG gas to Uniper to start between November 30…

U.S. Oil Makes it to Ukraine, a blow to Moscow

© RealPhotoItaly/Adobe Stock

U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political…

Mainstream Names Asia-Pacific Head

Photo: Mainstream Renewable Power

Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business."This key appointment to the Group’s Leadership Team…

Deepwater Leads in Discovered Oil and Gas

© alexpolo / Adobe Stock

Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays…

ABS, MARIN Launch Wind Propulsion Project

The classification society ABS and Netherlands based research institute MARIN have launched a Joint Industry Project (JIP) to investigate transparent and validated methods to assess performance…

LNG Bunkering Market to Reach $12bn by 2024

Coralius reaches 100 bunkerings milestone - LNG demand on the rise. Photo:  Gasum Oy

The global LNG bunkering market was valued at approximately USD 397.70 million in 2017 and is expected to generate revenue of around USD 11899.60 million by the end of 2024, growing at…

Oil at Six-week High

BP, the second-largest oil producer in the US Gulf of Mexico by volume, is shutting all production at its four Gulf platforms, including Na Kika (pictured). (File photo: BP)

Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions…