Friday, December 14, 2018

Line 5 News

LPG Carrier "Laurel Prime" Christened at MHI

Laurel Prime  (Photo: Mitsubishi Shipbuilding)

Mitsubishi Shipbuilding Co.held a christening ceremony for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The christening ceremony was held at the Koyagi Plant of MHI's Nagasaki Shipyard…

ADES International Renews Offshore Rig Contract

Image: ADES International

The oil and gas drilling and production services company ADES International said that it has renewed an existing contract for the offshore rig known as Admarine 657, which is currently operating in Saudi Arabia.The renewal for Admarine…

Yamal LNG Reaches Full Capacity

Image: Novatek

The Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third and last production line Tuesday.Russia's independent natural gas producer PAO Novatek announced that its joint venture Yamal LNG has reached…

AREG Membership on the Rise

Jean Morrison (Photo: AREG)

Aberdeen Renewable Energy Group (AREG) reports it has seen its membership numbers rise over the past 12 months with an increase in the number of companies supporting both the offshore wind and wave and tidal sectors.Among the 25 new sign-ups are marine engineering firm EC-OG…

BP Targeted with First Shareholder Resolution on Climate Goals

(Photo: BP)

Pressure on oil companies to tackle climate change is growing after an activist group for the first time filed a shareholder resolution urging BP to set hard targets for reducing overall carbon emissions.Follow this, a Dutch organization…

Shell to Go Ahead with Shearwater Gas Expansion

(Photo: Shell)

Royal Dutch Shell said on Monday it would expand the Shearwater gas hub in the British North Sea, its seventh project to get the green light in the ageing basin this year.The project, a joint venture with Exxon Mobil and BP, will include a modification of the Shearwater platform to allow p

Putin says TurkStream Gas Pipeline Could be Extended via Greece

© Stanislav Komogorov / Adobe Stock

Russian President Vladimir Putin said on Friday that the TurkStream gas pipeline could be extended further into Europe via Greece, as he met Greek Prime Minister Alexis Tsipras in Moscow.The first line of TurkStream, which runs from Russia to Turkey via the Black Sea bed…

Crude Inventory Growth Reverses

© Steven Frame / Adobe Stock

U.S. crude inventory declined last week. The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a fall of 7.3 million barrels in the week ended November 30. This follows a 10-week streak of crude…

PGE Seeks Offshore Wind Partners

Image: PGE

Polish state-owned power company Polska Grupa Energetyczna (PGE) has invited over a dozen parties to potentially cooperate with the company оn building up to 2.55 GW of offshore wind parks.The Polish power group said in a statement that…

Höegh LNG Takes Delivery of Ninth FSRU

Image: Höegh LNG

Bermuda-based  floating liquefied natural gas (LNG) company Höegh LNG Holdings took delivery of Höegh Gannet, its ninth floating storage and regasification unit (FSRU).Höegh Gannet has regasification capacity of 1 Bcf per day and storage capacity of 170 000 cbm of LNG…

Carbon Trust, ClassNK Consulting Service Partner on Climate Change Support

Logo: ClassNK

The Carbon Trust and ClassNK Consulting Service Co., Ltd. have signed an agreement to work together to develop a commercial partnership for offering climate change and sustainability services. The partnership will initially involve the…

Canada-US Pipelines Restart After Weather Disruptions

© chagpg / Adobe Stock

Two major pipelines carrying oil from Canada to the United States resumed operations on Wednesday after brief disruptions due to power outages from severe weather in Saskatchewan, Canada, a day earlier.A number of lines on Enbridge Inc's Mainline system…

EnQuest Sees 20% Higher Oil Production in 2019

(Photo: EnQuest)

EnQuest expects to produce about 20 percent more oil next year as the indebted British North Sea producer strives to recover from a series of minor setbacks at its flagship field.The company said on Wednesday it expected to produce between 63…

LNG Import Terminal Proposed for Australian port

A typical FSRU (CREDIT Excelerate

A South Korea-based company has proposed building a terminal on Australia's east coast to import liquefied natural gas, the fifth proposal for such a project in the world's No.2 LNG exporter.The proposals have come after three new LNG…

Cenovus Expects to Spend $1.1 Bln in 2019

(Photo: Cenovus Energy)

The chief executive of Cenovus Energy Inc said on Monday that he expects the company to invest some C$1.5 billion ($1.1 billion) in 2019, in line with 2018 capital spending, after the Alberta government's mandated oil output cuts boosted…

IMO Encourages Investments in Alternative Fuels

Pic: International Maritime Organization (IMO)

Technological innovation and the global introduction of alternative fuels and/or energy sources for international shipping will be integral to achieving the overall ambition in the Initial International Maritime Organization (IMO)  Strategy…

Canadian Drillers Expect Flat Year

Photo: Canadian Association of Oilwell Drilling Contractors - CAODC

The Canadian Association of Oilwell Drilling Contractors (CAODC) said that the Canadian oil and gas industry is simply too dysfunctional to anticipate any kind of quick recovery.As a result, Canadian service companies are exploring any and all options to generate positive cash flows…

Norway Eyes Offshore Wind to Power Gas Plant

© Byron Moore / Adobe Stock

Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway's Nyhamna gas processing plant, they told Reuters.The project…

Denovo Delivers First Gas to NGC from Iguana Field

Image: Denovo Proman

Independent gas company DeNovo Energy, a subsidiary of the Proman Group, has made its first commercial supply of natural gas from the Iguana field in Block 1(a) off the coast of Trinidad and Tobago.According to a release from the company…

Sapura Energy Wins Contracts in Mexico, Malaysia

Image: Sapura Energy

Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln).The new contracts have lifted the company’s…