Tuesday, December 11, 2018

Taiwan News

Prelude FLNG to Start Producing at End-2018

(Photo: Shell)

Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations…

Orsted Plots $30 Bln Green Energy Investment

(Photo: Orsted)

Denmark's Orsted will invest $30 billion in green energy up to 2025, it said on Wednesday, as it seeks to become one of a handful of future "renewable majors" leading a global transition from fossil fuels…

LNG Shipping Market in Recovery Stage: Flex LNG

Image: Flex LNG

Norwegian-born billionaire John Fredriksen-owned LNG shipper Flex LNG believes that the LNG market is in the early stages of a multi-year recovery.According to a report by Flex LNG, the market for seaborne…

Gazprom to Review Shale Gas and LNG Sectors

Sakhalin II LNG plant. Photo: Gazprom

Russian energy giant Gazprom revealed that there is still a high level of uncertainty in the long-term forecasts for U.S. shale gas production. It also said that the number of LNG-consuming countries would…

Oil Markets Face Unprecedented Uncertainty

Fatih Birol (Photo: IEA)

Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday.Concerned about…

Subsea 7 Goes to Taiwanese Offshore Wind Market

Image: Subsea 7 S.A.

Norway's Subsea 7  subsidiary Seaway Offshore Cables (SOC) has won a contract to supply and installation of the export and inner array grid cable system for the Yunlin Offshore Wind Farm project by YunNen Wind Power Company…

US Crude Oil Exports to China Stalled

© Igor Groshev / Adobe Stock

The development that saw no U.S. seaborne exports of crude oil to China in August has continued into September, according to BIMCO. This is despite crude oil not being a part of the ‘official trade war’.“The trade war between the U.S.

Oil Up as U.S. Imposes Sanctions on Iran

© orapin / Adobe Stock

Oil prices recovered some ground on Monday after five days of heavy losses as the United States imposed a range of punitive sanctions on Iran, aiming to curb exports by the Islamic Republic, including…

US Grants Temporary Iran Oil Waivers to Eight Countries

© Igor Groshev / Adobe Stock

The United States has granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil, Secretary of State Mike Pompeo said on Monday, as Washington reimposed sanctions on Iran's banking, energy and shipping industries.S

MHI Vestas Signs Tower Contract, Expands in Taiwan

Photo: MHI Vestas Offshore Wind

MHI Vestas Offshore Wind, a  joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, signed a conditional contract  with CS Wind/Chin Fong the local manufacture of towers, as wind industry…

Orsted Contracts EEW OSB to Supply Offshore Wind Components

Image: Orsted

EEW OSB, a Teesside facility that manufactures transition pieces (TPs) used in offshore wind farms, is entering the international market thanks to multiple contracts with Ørsted, the global offshore wind…

Asia-Pac Offshore Wind Capacity to Rise 20-fold in a Decade: Wood Mackenzie

Image: Orsted, Taiwan

Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027, said new research from global natural resources consultancy Wood Mackenzie. Future offshore wind prices will be competitive with traditional thermal prices…

Orsted Selects Siemens Gamesa or Typhoon-Proof Turbines

Pic: Orsted

Danish wind power company Ørsted has selected Siemens Gamesa Renewable Energy (SGRE) as the preferred supplier for the first 900MW Greater Changhua offshore wind farms.The project is subject to certain…

Siemens Gamesa Plans Assembly Plant in Taiwan

(Photo: Orsted)

Wind turbine maker Siemens Gamesa will build an assembly plant in Taiwan if it gets a firm order from Denmark's Orsted to supply its 900-megawatt Greater Changhua offshore wind farm, the German-Spanish company said on Monday.Siemens Gamesa…

How Refiners Plan to Grapple With Fuel Oil Output After 2020

© christian42 / Adobe Stock

High-sulphur fuel oil (HSFO), essentially the leftovers of an oil refiner's output, will still flow from refineries around the world even after new rules start up in 2020 curtailing its use in the global shipping fleet…

Orsted Buys US Onshore Wind Developer LCE

© marchello74 / Adobe Stock

Danish energy group Orsted has agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy (LCE) in a $580 million deal, aiming to gain a foothold in what it sees as a key growth market.The acquisition…

Papua New Guinea LNG Export Plant Offers Cargo for September

© Igor Groshev / Adobe Stock

Exxon Mobil's Papua New Guinea liquefied natural gas (LNG) export plant has offered a cargo for delivery in September, two industry sources said on Tuesday.The cargo is to be delivered into Japan, Taiwan, South Korea or China, and the tender closes o

What Glencore-Tohoku Coal talk Impass Means for Market

File Image (CREDIT: AdobeStock / © Leonid Eremeychuk)

Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan's Tohoku Electric and Glencore to agree on an annual thermal coal contract that is used to set prices for the region.

Taiwan to Purchase LNG from U.S. Producer

File Image: Cheniere's Sabine Pass LNG Export facility (CREDIT: Cheniere)

Taiwan's CPC Corp on Monday announced a preliminary deal to buy liquefied natural gas (LNG) from U.S. producer Cheniere Energy for 25-years, according to a statement. CPC, a major importer of LNG, signed…

EnBW, Trident Winds JV for Offshore Wind Project in California

Photo: Trident Winds Inc

EnBW Energie Baden-Württemberg AG is continuing its strategy of capturing growth in new international markets in the renewable energy sector. Following its recent entry into Taiwan, EnBW has now expanded…