Thursday, October 17, 2019

Energy Market News

FERC Approves Plaquemines LNG Facility

Map courtesy: Venture Global LNG

The US Federal Energy Regulatory Commission has approved the construction of Venture Global's proposed $8.5 billion Plaquemines liquefied natural gas export facility in Louisiana. Venture…

"Green" Ammonia's Future as a Marine Fuel

Longyearbyen is the largest town in Svalbard and may become one of the first large scale consumers of green hydrogen or ammonia produced from wind farms in Finnmark. Photo credit Visit Svalbard.

Ammonia, the same pungent solution used in fertilizers and cleaning agents, may one day be the key to transporting renewable energy around the world. There are currently a number of…

Siemens Plans to List Energy Unit in 2020

(Photo: Siemens)

Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday.The German conglomerate said in May that it was spinning off its gas and power business…

Drydocks World to Build North Sea Platform

Photo: Drydocks World

Dubai-based Drydocks World has signed a contract with Petrofac and end-client TenneT to build a High Voltage Alternating Current (HVAC) platform in the Netherlands sector of the North Sea.The service provider to the marine…

World First: High-Wave Floating Solar Park

Image: Jan De Nul Group

A Belgian consortium has launched a project in high-wave offshore solar technology with the aim of building floating solar parks in the North Sea.Large maritime market players Tractebel…

Infinity, Medserv Form Services JV

Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services…

Europe Invests in African Renewable Energy

Pic: DNV GL

The provider of testing and advisory services to the energy value chain including renewables and energy management, DNV GL has joined European signatories including ABB, EDP Renewables…

Siemens Exits Power, Gas, Renewable Biz

Pic: Siemens Gamesa Renewable Energy

German conglomerate Siemens AG said it will spin off and give up its majority stake in its energy division and merge it with separately listed wind turbine supplier Siemens Gamesa Renewable Energy (SGRE)…

French, Irish Back Celtic Undersea Power Cable

French energy regulator CRE and its Irish counterpart CRU said on Monday they are backing a bid by the Celtic Interconnector undersea power cable project to get at least 60 percent…

A New York State of Mind

New York Bight call areas.  "Call" is a short-hand term referring to calls for proposals or calls for interest in an area. (Image: BOEM)

“A new industry is being established in New York, with the primary stimulus being a state-driven procurement process.”New York State Public Service Commission (PSC), July 12, 2018.To a great extent…

Polish LNG Terminal Gets EU Grant

Image: Polskie LNG

Poland’s LNG import terminal in Świnoujście will receive a EUR128mln grant from from the European Regional Development Fund and the Cohesion Fund to expand its regasification capacity.The…

LR Chalks Out Energy Growth Strategy

Pic: Lloyd’s Register

Lloyd’s Register (LR), which ranks as one of the world’s largest providers of professional services for the engineering and technology sectors, has chalked out a new strategy for future growth in the energy market.The firm…

Uniper: EU Decision on Nord Stream 2 Won't Affect Construction

Uniper said on Thursday it will stick to its contractual obligations concerning Russian gas export pipeline Nord Stream 2, adding that the outcome of an upcoming EU meeting would not…

HHLA Support Energy Transition

HHLA makes substantial contribution to the energy transition. Pic: Hamburger Hafen und Logistik AG (HHLA)

German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) and its partners began research and development work on the publicly funded FRESH  project at its…

Offshore Wind Energy Market to Grow 20%

Image: Siemens Gamesa

Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The…

Siemens Gamesa Launches First 10MW Offshore Turbine

Image: Siemens Gamesa

Spanish offshore industry player Siemens Gamesa Renewable Energy (SGRE) has unveiled a giant new 10+ MW wind turbine it claims will boost yields by 30 per cent, paving the way for a…

Novatek, Saibu Gas Ink MoU

Image: Novatek

Russia's largest independent natural gas producer Novatek said it had agreed with Japan's Saibu Gas to study the possibility for the Russian company to enter the Japanese energy market.Novatek…

Boskalis Inks Pact with Saudi Aramco

Image: Boskalis

Dutch offshore services provider Royal Boskalis Westminster has been selected as a contractor on Saudi Aramco's Long Term Agreement (LTA) for Offshore Facilities program.Boskalis acquired…

One Select Ceases to Trade

A small British energy supplier, One Select, has ceased to trade, regulator Ofgem said on Monday, promising to find a new supplier soon for its 36,000 customers.This is the third small energy supplier to have ceased trading i

Equinor Expands In Polish Offshore Wind

(Image: Equinor)

Norway's Equinor has expanded it presence in the Polish offshore wind market after exercising an option to acquire a 50 percent interest in the Bałtyk I offshore wind development project…