Sunday, November 29, 2020

Gas Use News

US Oil Industry Group Pledges to Fight Possible Biden Fracking Limits

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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…

Global Crude Market Finds Support From China Demand

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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…

Trump Administration Rushing to Sell Arctic Oil Leases

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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…

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…

Fire at Oil India Well Extinguished after Nearly Six Months

Image credit: Oil India Twitter

State-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been "doused completely.""There is no pressure…

MacGregor Inks Deal to Supply LNG Bunker Barge Hose Handling Cranes

LNG Bunkering Barge currently under construction at Fincantieri Bay Shipbuilding. Image: MacGregor/Fincantieri Bay Shipbuilding

MacGregor received an order from Fincantieri Bay Shipbuilding to supply two fixed boom cranes that will handle the hoses on a new 5,400 cubic meter capacity liquefied natural gas (LNG)…

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…

Sakura Leader: New LNG-fueled Pure Car Carrier Enters Service

LNG-fueled PCC "SAKURA LEADER". Photo Courtesy Mitsubishi Shipbuilding Co., Ltd.

Mitsubishi Shipbuilding Co., Ltd. completed installation of the first unit of an LNG (liquefied natural gas) fuel gas supply system (FGSS) for marine dual fuel engines, delivered in November last year…

Philippines Says No to New Coal Projects. Puts Focus on Gas

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The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables, the government's energy…

Tech Files: Offshore Power Products

Danish offshore vessel firm Maersk Supply Service and its compatriot offshore wind developer Ørsted, are testing an innovative charging buoy that can bring green electricity to offshore wind farm service vessels and potentially to a wide range of maritime vessels. Photo courtesy: Maersk Supply Service and Ørsted

Insights on innovative power products upgrades that could be used to keep offshore operations moving along effectively, efficiently.Maersk Supply Service/Orsted power buoysDanish offshore…

Coronavirus, Consolidation Taking Toll On Energy Jobs

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Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.Exxon Mobil Corp said it will cut its workforce by 15%…

Total Keeps Dividend But Cuts Investment Target

(File photo: Total)

Total trimmed its 2020 investment target on Friday after a sharp drop in third-quarter net profit, though the French oil and gas producer maintained its dividend.The company cut its…

Norwegian Businesses See Rise in Wind Industry Orders

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Onshore wind companies provided the largest revenue stream for the Norwegian renewables industry from sales of equipment, construction and consultancy services in 2019, overtaking hydropower…

Chevron Posts Q3 Profit

Michael K. Wirth, Chevron’s chairman of the board and chief executive officer. Photo courtesy Chevron Corporation

Chevron on Friday reported an adjusted third-quarter profit as oil prices recovered from spring lows and spending cuts benefited operating results.Chevron and its peers have slashed…

GIEK Doubling Down on Offshore Wind

Wenche Nistad, CEO of the Norwegian Export Credit Guarantee Agency (GIEK),

Tasked to provide the financial power to help Norwegian companies export their wares to the world, Wenche Nistad, CEO of the Norwegian Export Credit Guarantee Agency (GIEK) pulls no…

ConocoPhillips Posts Smaller-than-expected Loss

(Photo: ConocoPhillips)

Oil producer ConocoPhillips, which is buying Concho Resources Inc for $8.3 billion, posted a smaller-than-expected quarterly loss on Thursday as it benefited from a recovery in crude…

Exxon to Cut 14,000 Jobs as Pandemic Hits Oil Demand

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ExxonMobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters…

Digitalization: Trust - The Keystone for Digital Transformation

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The slowdown of the world economy and plummeting energy consumption have eclipsed most other industry news. Oil exporting countries are coming to terms with limiting production to sustain reasonable prices…