Tuesday, December 10, 2019

Asian Refiners Strive to Finish IMO Preparations

© vladsv / Adobe Stock

At SK Energy's largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels before new marine fuel standards take effect in just one month.In Japan…

Saitec Installs Prototype BlueSATH

Image: Saitec

Spanish engineering company Saitec it will deploy its first medium-scale offshore wind prototype, called BlueSATH, near Santander, Spain, in the first quarter of 2020.The project is scheduled to go online during the first quarter of 2020 in the open sea waters…

ABB Tests Subsea Power Technology System

Image: ABB

The completion of a final 3,000-hour test phase of the Swiss-Swedish technology multinational ABB’s subsea power infrastructure signals the culmination of a $100m partnership with world oil majors.The company has officially announced the…

OES: Surge in Tidal Energy in 2020

Henry Jeffrey  (Photo: OES)

The last annual report issued by Ocean Energy Systems (OES) highlights significant international investment including $25m pledged by the US Department of Energy (DOE) to support 12 ‘next-generation’ marine energy projects and Wave Energy…

Hackers Demand $5M from Pemex

copyright Leo Lintang/AdobeStock

Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyberattack that fouled up the company's systems.The hack…

Southeast Asia Bullish on OFS Market

Graph: Rystad Energy

Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According to Norwegian energy research firm, the growth will be driven by a handful of new mega-projects across Malaysia…

First Commercial Cargo Loaded from Tango FLNG

FLNG Tango (File photo: Exmar)

Argentine oil company YPF SA has loaded its first commercial liquefied natural gas (LNG) cargo for export from a new floating facility, trade sources said on Friday.Argentina's export joins a wave of new supply flooding the spot market which…

COLI, GRS Form Japanese Offshore Team

Image: Global Renewables Shipbrokers

Germany's offshore broker Global Renewables Shipbrokers (GRS) has formed a strategic partnership with break bulk and project cargo consultancy COLI Schiffahrt & Transport to target the offshore renewables market in Japan.The aim of the cooperation…

Singapore Sticking with Natural Gas

© Igor Yu. Groshev / Adobe Stock

Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior government…

Fortum Reports Quarterly Profit Surge

(Photo: Fortum)

Finland's Fortum missed analyst expectations despite reporting a 59% jump in its comparable operating profit for the third quarter on Thursday, saying electricity price hedging and higher hydro and nuclear volumes had helped it achieve the…

New Offshore Wind Launch Academy in UK

A Catapult engineer with ATAM Group's MagTrack robotic crawler. Photo: ORE Catapult

Offshore Renewable Energy (ORE) Catapult, the UK's flagship technology innovation and research center for offshore wind, wave and tidal energy, has launched a new industry-backed national technology accelerator program.The program is designed…

"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 government and corporate projects assessing the feasibility…

Scotland Funds World's Most Powerful Tidal Turbine

Image: Orbital Marine Power

The Scottish Government announced that it has awarded engineering company Orbital Marine Power GBP3.4mln (USD 4.1million) in funding for its floating tidal turbine, which is the world’s most powerful.The Scottish engineering company is the…

Dubai Intros Floating Solar Power Plants

Image: 40MW Floating PV Power Plant by Sungrow Power Supply Co., Ltd

The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) to appoint consultants to study, develop and construct floating solar photovoltaic plants in the Arabian Gulf."This is a new and innovative initiative…

EnFAIT Tidal Project Claims Success

Image: Enabling Future Arrays in Tidal (EnFAIT)

Enabling Future Arrays in Tidal (EnFAIT), the flagship EU tidal energy project, has reduced the cost of tidal energy by 15 per cent and grown its supply chain from four to 14 EU countries, just 18 months after its launch.EnFAIT is an academic…