Sunday, September 23, 2018

Line 5 News

Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project

File Image: Credit QGTC

Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural gas (LNG) terminal.A sales and purchase agreement would boost the chances…

Caspian Pipeline Consortium Cuts CPC Blend Export Plan by 10%

Photo: CPC

The Caspian pipeline consortium (CPC) expects to pump about 60 million tonnes of CPC Blend <BFO-CPC> crude oil via the CPC pipeline this year, down from the previous plan for 67 million tonnes, the consortium told Reuters on Tuesday."We ...

Cubility Launches MudCube X

Photo: Cubility AS

Cubility AS, a provider of solids control solutions that improve efficiencies, solids control and HSE around drilling operations, has launched the latest evolution of its industry leading solids control solution, the MudCube X. Building on the capabilities of the MudCube as a field-proven…

Canada Environment Minister: 'No Apologies' for Oil Sector Support

© Darlene Munro / Adobe Stock

Canada's top climate change official on Thursday said she would make no apologies for the nation's support for its oil producers, saying environmental and economic policies must consider the needs of all Canadians.Prime Minister Justin…

Texas Waha Natgas Prices Dive 60 pct to Record Low on Pipeline Constraints

Photo: Kinder Morgan

Next-day natural gas prices for Thursday at the Waha hub in the Permian basin tumbled 60 percent to their lowest on record due to pipeline constraints limiting the amount of gas that can move out of the region.Prices for Thursday at…

Oil Rises as U.S. Sanctions on Iran Squeeze Supply

© Pam Walker / Adobe Stock

Oil prices rose about $1 a barrel on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output.Brent crude futures rose $1.13 to $78.50 a barrel, a 1.5 percent gain, by 10:48 a.m.

US Energy Companies Fume over Rejected Steel Tariff Exemptions

© tomas / Adobe Stock

The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration.But the department rejected a similar request from Borusan Mannesmann Pipe to…

Platform Mooring Connectors Supplied for Windfloat Atlantic Project

(Photo: First Subsea)

A U.K. based subsea mooring and cable protection specialist has been called on to help connect wind turbine generator platforms to mooring lines at a floating wind farm under development offshore northern Portugal.First Subsea said it…

British International Freight Association Fumes Over Sulphur Surcharge

Robert Keen. Photo: Official Twitter page

The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industry’s recent imposition of a ‘sulphur surcharge’ as unjustified…

Equinor Bets on Offshore Wind

Photo: Equinor

Norway's Equinor is focusing its green efforts on offshore wind, a goal it is already on its way to achieve, but some investors are concerned about the impact this shift will have on the company's bottom line.European oil and gas companies…

Fuel Markets Confirm Global Growth Slowdown: Kemp

© Witthaya / Adobe Stock

If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central role in the freight transport system.Middle distillate…

LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023

LNG for Marine. Photo: Skangas

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering…

Federal Judge Orders Keystone XL Pipeline Review

File Image: Adobestock / © Berkut34

A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route for the Keystone XL oil pipeline, possibly delaying the project's construction and dealing the latest setback for Canada's TransCanada Corp.For more than a decade…

Bibby Hydromap's DriX Completes Trials

Photo: Bibby HydroMap

UK-based survey specialist Bibby HydroMap have announced the successful completion of testing of ‘DriX’, the 8-metre Autonomous Unmanned Survey Vessel (AUSV) developed by iXblue.Designed to provide a true extension of survey capability…

Höegh LNG Secures FSRU Debt Financing

(File photo: Höegh LNG)

Höegh LNG Holdings Ltd. said it has received commitment letter for a sale and leaseback financing for another floating storage and regasification unit (FSRU) of up to $206 million. FSRU #10 is currently under construction at Samsung Heavy Industries in South Korea…

Maersk to Spin off Drilling, Hand Total Shares to Investors

(Photo: Maersk)

A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.Maersk, which cut its full-year profit outlook this month…

Chinese Firm in Talks to Buy Engie Power Plant in Brazil

China's State Power Investment Corp (SPIC) is in talks with Engie SA to purchase the French energy firm's Pampa Sul coal power plant in the southern Brazilian state of Rio Grande do Sul, a Brazilian newspaper reported on Wednesday.The two parties are negotiating a sale in the range of 800

Pipetech Wins Project with Nexen

Post-clean (Image: Pipetech)

Pipetech, the independent process system integrity specialist, has won a project with operator Nexen to deliver Active Caisson Management on its Scott platform.Active Caisson Management delivers a single sourced solution for inspection…

iSURVEY Completes Industry First Project for Norske Shell

Øivind Røegh (Photo: iSURVEY)

iSURVEY, a provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, has completed a pioneering project for A/S Norske Shell. The project, which took place last month as part of the operator’s Scarabeo 8 drilling campaign…

Ex-Hess Exec to Lead Restart of Idled Caribbean Refinery

The owners of an idled oil refinery in the U.S. Virgin Islands that once ranked among the world's largest have hired a former Hess Corp executive closely acquainted with the facility to oversee its return to service.Brian Lever, who ran the former Hovensa refinery on St.