One of the major concerns related to biofuels’ role as the zero-carbon fuel of the future is the availability shortage.
The micro liquefied natural gas (LNG) market is set to grow to $222.7 million with over 5 mtpa installed capacity by 2030, according to a business intelligence provider.
Ocean LNG leads global long-term LNG contracted capacity signed by purchasing companies in 2019, according to a report by GlobalData.
Qatargas’ LNG production is on target to achieve the “best in class” reliability performance of 98.8 percent while the Ras Laffan refinery achieved strong reliability of 98.6 percent, well ahead of the current year targets.
Saudi Arabia together with other OPEC members and Russia have decided on deeper production cuts for the first quarter of next year as part of an attempt to prevent oversupply and support oil prices.
Offshore Energy Today’s most popular news from the past week.
Barring additional oil production cuts by OPEC in 2020, Norwegian energy intelligence company, Rystad Energy, forecasts a substantial build of global crude stocks and a corresponding drop in oil prices.
IUMI: There is a concern that the incoming IMO sulphur cap may generate a spike in H&M claims.
Based on Fitch Ratings’ new report on the shipping sector’s outlook, there is little room for optimism.
Offshore Energy Today’s most popular news from the past week.
LNG giant Qatar Petroleum has completed the fabrication of the first two offshore jackets for the North Field Expansion (NFE) Project which would further develop one of the world’s largest offshore gas fields.
The contribution from Qatar’s giant North Field in the Persian Gulf is expected to boost Qatar’s LNG production to 126 million tons per annum by 2027. This is a 64% increase from the current 77 mtpa, Qatar Petroleum said Monday.
Qatar Petroleum has set its sights on further expanding its LNG production capacity, with the company aiming to raise its current volumes by 64 percent by 2027.
Dutch marine contractor Boskalis has now fully acquired the UAE-based Horizon Group, a company specializing in the provision of marine geophysical surveys and geotechnical services. Boskalis said Monday it had acquired the remaining 37,5% of the shares, following the initial acquisition of a 62,5 pe
