Tuesday, July 16, 2019

Singapore News

Mainstream Names Asia-Pacific Head

Photo: Mainstream Renewable Power

Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business."This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore, comes ahead of significant expansion plans for the region," said a press…

Sun Cable Eyes World’s Biggest Solar Project

Graph: Rystad Energy

World's largest solar project proposed in Australia, connected to South East Asia via subsea cable.Singapore-based Sun Cable has proposed a 10 GW solar farm near Tenant Creek in Australia, with facilities to export electricity via a subsea High Voltage Direct Current (HVDC) cable straight to Singapore.Rystad Energy said that the proposed…

DNV GL Supports Asia's Largest Solar Floater

Pic: DNV GL

DNV GL, the international accredited registrar and classification society, said that it has been appointed by PUB, Singapore’s national water agency,  as technical adviser for a 50MW floating photovoltaic (PV) project tender in Singapore.The first-of-its-kind 50 MW project, south-east Asia’s largest floating PV, could reduce Singapore’s carbon footprint by the equivalent removing 6…

Pavilion Acquires LNG assets of Iberdrola

(L to R) Mr Frédéric H. Barnaud, Group CEO of Pavilion Energy and Mr Aitor Moso, CEO of Liberalised Business, Iberdrola. Photo: Pavilion Energy

Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets.The portfolio comprises about 4 million tonnes per annum (mtpa) of Iberdrola's long-term LNG sale and supply contracts.It also…

Leadership Changes at Equinor

Ana Fonseca Nordang (left) will take over the position as SVP People & Leadership, and Siv Helen Rygh Torstensen will take over as General Counsel. (Photos: Equinor)

Equinor said it will make changes to the leadership of two corporate staff areas.Siv Helen Rygh Torstensen, head of the CEO office, will take over as General Counsel, succeeding Hans Henrik Klouman, who will take on a role as Senior Advisor to the EVP CFO from August 1.Ana Fonseca Nordang, VP PL Executive and leadership development, will take over the position as SVP People & Leadership…

Two Tankers Attacked in Gulf of Oman

(Photo:  Islamic Republic News Agency)

Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock, was on fire in waters between Gulf Arab states and Iran after an explosion that a source blamed on a magnetic mine.

Solar Array Installed on Cargo Ship

Ship solar power array supplied by Eco Marine Power onboard MV Panamana

The marine renewable energy technology company Eco Marine Power (EMP) announced that its Aquarius MAS + Solar solution has been installed on the large general cargo ship MV Panamana.The  Japan-based EMP said in a press release that this installation was carried out by the ship’s crew with remote support provided by Zeaborn Ship Management (Singapore) Pte. Ltd.

FSRU: Bangladesh Terminal Makes First STS Transfer

Bangladesh's second liquefied natural gas (LNG) floating facility is set to receive its first ship-to-ship transfer of gas from an Algerian cargo, a spokeswoman from operator Summit LNG Terminal said on Thursday.'Summit LNG', the floating storage and regasification unit (FSRU), will receive 159,000 cubic meters of LNG from Oman Trading International, with the transfer expected to be completed by Thursday night.The LN

Oil Falls Near 2% as U.S.-China Trade War Intensifies

© pichitstocker / Adobe Stock

Oil prices slipped nearly 2 percent on Tuesday, on track to fall to their lowest levels in over a month as renewed doubts over U.S.-China trade talks stoked concerns over global growth and demand even though U.S. sanctions on Iran and Venezuela tightened supply and helped stem losses.Brent futures were down $1.36, or 1.9 percent, at $69.88 a barrel by 10:39 a.m. EDT (1439 GMT), while U.S.

Oil Prices Fall After Trump's Tariff Threat Against China

© Jim / Adobe Stock

Oil prices fell on Monday after U.S. President Donald Trump said he would sharply raise tariffs on Chinese goods this week, risking the derailment of trade talks between the world's two biggest economies.U.S. West Texas Intermediate (WTI) crude futures were at $61.68 per barrel at 1338 GMT, down 26 cents. WTI hit $60.04 earlier in the session…

US Oil Sees Growing Reach

© Hans Fairhurst / MarineTraffic.com

Two cargoes of U.S. crude oil have been booked to sail to Australia, trade sources and data companies said, highlighting the increasing global reach of exports from the United States.Aframax tanker Esther Spirit loaded U.S. oil in early April at Enterprise Houston Terminal and is scheduled to discharge at Kwinana in Western Australia on May 20…

Oil Hits 2019 High on U.S. Plan to Tighten Squeeze on Iran

© donyanedomam / Adobe Stock

Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports.Washington said it will eliminate in May all waivers allowing eight economies to buy Iranian oil without facing U.S. sanctions."The geopolitical risk premium is back in the oil market…

Another LNG FSRU Ship Moors off Bangladesh

File Image: a typical FSRU vessel (CREDIT LR)

Bangladesh's second liquefied natural gas (LNG) storage and regasification vessel has moored off the country's coast, the ship's operator said on the weekend, gearing up to help supply the nation with the super-chilled fuel.The floating storage and regasification unit (FSRU) 'Summit LNG' is moored 6 km off the island of Moheshkhali in Cox's Bazar, Singapore-based Summit Power International said in a statement issued

Floatel Gets Martin Linge Extension

Floatel Superior. Image: Floatel International Group

Swedish contractor Floatel International has received a new extension from Equinor for its accommodation unit Floatel Superior at the Martin Linge Field Development in Norway’s North Sea.The onshore operational support and supervision company said in a press release that Floatel Superior started its charter at Equinor’s Martin Linge project at the end of July 2018.

FueLNG Scores Century in Singapore Bunkering

Image: Shell Global

FueLNG, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, has set a new industry milestone for Singapore by completing its 100th LNG bunkering operation.Since May 2018, FueLNG has been providing truck-to-ship LNG bunkering for two dual-fuel tugs operated by Keppel Smit Towage.FueLNG is also able to provide LNG for the commissioning of LNG systems and machinery…

Keppel Makes First LNG Cargo Import from N. America

Pic: Keppel Corporation

Singapore's Keppel Gas, a wholly owned subsidiary of Keppel Infrastructure Holdings, has completed its first liquefied natural gas (LNG) cargo import under Singapore's spot import policy.The policy allows gas customers in the Republic to import up to 10 per cent of their annual long-term contracted LNG intake on a spot cargo basis.The spot cargo of 160…

​​​​BP Plans to Exit China's Shale Gas

European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said this week.BP is the last of the international oil majors, including Royal Dutch Shell, Exxon Mobil, ConocoPhillips and ENI, to quit exploring for shale gas in China because of poor drilling results.

Oil Prices Slip

© salman2 /Adobe Stock

Oil prices edged lower on Wednesday after government data showed U.S. crude stocks unexpectedly rose last week, though disruptions to Venezuela's crude exports limited losses.Brent crude futures lost 1 cent to $67.96 a barrel at 10:48 a.m. EST (1448 GMT). U.S. crude futures fell 24 cents to $59.70 a barrel.U.S. crude inventories rose last week by 2.8 million barrels…

Monjasa Opens Vietnam Office

Pic: Monjasa

The Danish bunker company Monjasa has expanded its Asian operations with the opening of an office in Hồ Chí Minh City.Following 11 years of presence in Singapore, Monjasa now expands further across Southeast Asia, the provider of oil products distribution and bunkering services said in a press release."Vietnam is in the midst of an economic upturn sending ripple effects to the shipping industry as well.

Indonesia Okays Empyrean Plan for Mako Gas

Image: Empyrean Energy PLC

Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC), offshore Indonesia, said a joint statement.Mako is located on the Duyung production sharing contract…