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Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector
Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion of Ukraine.
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Wasted Gas: As Global Supplies Tighten, Here’s 210 bcm of Natural Gas for the Taking – IEA Report
A new report from the International Energy Agency (IEA) estimates that if there was a concerted, global effort to eliminate unnecessary flaring and control leaks across the supply chain, nearly 210 billion cubic meters (bcm) of natural gas could be made available to gas markets.Russia’s…
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BP Beefs Up Hydrogen Team in Bet on Fuel's Future
BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath…
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US Steps Up Heavy Crude Imports
U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace sanctioned Russian oil.Higher heavy-crude imports are common in summer-driving months, but this year's increase comes as…
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Digitalization: Leveraging Digital Innovation in Offshore Energy
There is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations, today’s offshore energy markets are fluid and fast-changing…
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Maritime Risk Symposium 2022: The Importance of Inland Systems to the MTS
The theme of Maritime Risk Symposium (MRS) 2022 is “The Importance of Inland Systems to the MTS.” The global MTS consists…
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The Port Logistics Challenges of Offshore Wind
Some equations just don’t add up. For example, storing 500 offshore wind turbine blades at a site with only space for 400…
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VIDEO: One-on-One with Pieter van Oord, CEO, Van Oord
Pieter van Oord is candid in discussing the future growth of his storied company’s activities in offshore wind with specific…
Latest news
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Ineos Inks 20-year LNG Deal with Sempra Infrastructure
Britain's INEOS Energy, part of INEOS Group, has signed an agreement with U.S. firm Sempra Infrastructure for the supply…
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Stena, Wärtsilä to Build World’s Largest Hybrid Ship
Wärtsilä will supply its hybrid propulsion system for three new RoPax vessel currently built for Stena RoRo, Europe´s largest ferry company.
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Oil Trade; Asia Imports more Seaborne Russian oil than Europe
Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional…
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Chevron Awards Worley Global Services Agreement
Worley and Chevron Corporation (Chevron) entered into a global master services agreement covering Chevron’s upstream, midstream…
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Energy Security: Equinor Inks Deal for Winter Gas Supply with UK’s Centrica
Equinor and Centrica announced an agreement to deliver additional gas supplies to the UK, effectively providing energy security…
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Consortium Wins FEED Contract for Keadby 3 Carbon Capture Power Station
A consortium of Aker Solutions, Siemens Energy and Doosan Babcock has been awarded the front-end engineering and design (FEED)…
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Miros Wavex Tapped to Support Saint Brieuc Offshore Wind Project
Miros’ dry-mounted Wavex was selected by EQUANS to collect operation-critical wave and current data on the offshore substation…
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IEA Says World Oil Demand to Rise 2% in '23
World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International…
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Freeport LNG Targets Year End for Full Operations After Fire
Freeport LNG, one of the largest operators of liquefied natural gas export plants in the United States,on Tuesday said last…
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OPEC Sees Global Oil Demand Growth Slowing in 2023
World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help…
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Russian Oil Production up 5%; Seaborne Exports up 9.5%
Russia's oil production rose almost 5% in the first half of June compared with May, the Interfax news agency reported on Tuesday…
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CorPower Ocean Debuts "Commercial Scale" Wave Energy
CorPower Ocean unveiled the CorPower C4, its first commercial scale Wave Energy Converter (WEC) and CorPack clusters, which…
Offshore Oil & Gas
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CorPower Ocean to Launch C4 Wave Energy Converter
CorPower Ocean will launch its next-generation C4 wave energy converter alongside its new ‘CorPack Concept’ providing the…
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Energy @ Sea: Powering Up in the Blue Desert
Last year marked the beginning of the United Nations Decade of Ocean Science for Sustainable Development, lasting from 2021 until 2030.
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Renewable Energy: First Floating Tidal Power Delivered to Nova Scotia Grid
Sustainable Marine said it has successfully harnessed the tidal currents in Canada’s Bay of Fundy, delivering the first floating…
Shale Oil & Gas
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Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S.
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Oil Drillers, Bitcoin Miners Bond over Natural Gas
On U.S. oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to…
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BP Profit Triples to $2.6B in Q1 on Strong Oil, Gas Trading
BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving t
LNG
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Crowley LNG Bunker Barge to Sport TGE Marine Gas Controls, Tanks
TGE Marine Gas Engineering GmbH (TGE Marine) inked a deal for a 12,000 cu. m. Liquefied Natural Gas (LNG) bunkering barge…
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TES Wilhelmshaven Import Terminal Deemed a 'Priority Project'
Tree Energy Solutions’ (TES) import terminal has been included in the list of priority projects supported by the German Government’s…
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Mitsubishi Shipbuilding to Build LNG Bunkering Vessel
Mitsubishi Shipbuilding Co. signed a contract with KEYS Bunkering West Japan Co., Ltd. for construction of a liquefied natural…
Renewables
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What to Expect from the US Offshore Wind Market This Year
After many false starts, the U.S. offshore wind market is building strong roots for a solid future. But as the market develops…
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Geothermal Energy: Particle Gel could Solve Low Heat Production Efficiency
Geothermal energy comes from heated water or steam within the earth and provides a renewable source of energy to heat buildings…
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Sustainable Marine Preps to Feed Tidal Energy into Nova Scotia Grid
Sustainable Marine is poised to push the button and feed zero emission electricity generated from the tidal flows in the…
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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New York City Sues Exxon, BP, Shell Over Climate Change
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the…
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Biden to Target Drilling, Fossil Fuel Subsidies in New Climate Orders
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and…
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Biden Administration Suspends Federal Oil and Gas Permitting
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it…
