News
Gazprom, CNPC sign MoU on gas-fired power generation
Alexey Miller, head of Russian Gazprom recently met with Zhang Gaoli, vice premier of the State Council of China and CNPC Chairman, Wang Yilin.
Popular news, June 20 – 26, 2016
Popular news, June 20 – 26, 2016
Weekly U.S. offshore rig count unchanged
Offshore rig count in the U.S. was unchanged last week, according to Baker Hughes and its Weekly Rig Count BHI Rig Count: U.S. -3 to 421 rigs U.S. Rig Count is down 3 rigs from last week to 421, with oil rigs down 7 to 330, gas rigs up 4 to 90, and miscellaneous rigs […]
Top news of the week June 20-25, 2016
MEI: LNG oversupply to stretch to 2024 The latest research by McKinsey Energy Insights (MEI) predicts the LNG oversupply could last until 2024, meaning few projects could reach financial investment decision in the next 12 to 18 months. Alaska LNG sees first production in 2025 Alaska LNG export proje
European Union Increases Renewable Energy Target
Members of the European Parliament (MEPs) voted in favour of increasing the European Union’s target for renewables to ‘at least’ 30% by 2030. Europe currently has a target of at least 27%, which was agreed by European leaders in October 2014. The parliamentary vote, which has no direct legislative i
Dalby Ouse Named at Seawork
The 26-metre wind farm service vessel (WFSV) Dalby Ouse was officially named at the Seawork International Exhibition in Southampton on 14 June. The aluminium catamaran has now returned to Great Yarmouth for final acceptance and delivery trials and is expected to be delivered to Dalby Offshore in the
POSH wins Prelude FLNG accommodation support job
PACC Offshore Services Holdings (POSH) has been awarded a contract to provide accommodation vessel to support Shell’s Prelude floating LNG facility.
New Traffic Separation Schemes off Western Australia from December
Two new Traffic Separation Schemes (TSS) will come into effect off the south-west coast of Western Australia on 1 December 2016. The two schemes, off Cape Leeuwin and Chatham Island, are to be introduced with the aim to increase navigational safety by reducing the number of head-on situations and im
MISC expects LNG shipping market to stay weak
Malaysian LNG shipper MISC, a unit of energy giant Petronas, said it has delivered 372 cargoes of the chilled fuel last year in a weak shipping market with low spot freight rates and an oversupply of LNG vessels. In 2015, MISC shipped 20.74 million tonnes of LNG for its customers, carving 8.3% of th
Indonesia’s Coal to Philippines on Hold, Seven More Abducted
In light of the latest kidnapping of seven crewmembers in the southern Philippines, Indonesia said that the stoppage of coal shipments to the Philippines will remain in place until the country can guarantee for security, Reuters reported. The kidnapping of the seafarers from an Indonesian tugboat, w
NextDecade responds to Rio Grande LNG opponents
NextDecade units, Rio Grande LNG and Rio Bravo Pipeline filed a letter with FERC responding to motions to intervene, protests and the comments on the application to build the liquefied natural gas export terminal at the Port of Brownsville, near Brownsville, Texas.
Antwerp Port Authority Names New CEO
Belgium’s Antwerp Port Authority has appointed new Chief Executive Officer, Jacques Vandermeiren (52), who will succeed Eddy Bruyninckx who is retiring after holding this position for 25 years. The changes are effective January 1, 2017. Until January 2015, Vandermeiren was CEO of Elia, a company ope
DONG Decides to Build Borkum Riffgrund 2
DONG Energy will build the German offshore wind farm Borkum Riffgrund 2, the company informed today. Borkum Riffgrund 2 will have a total export capacity of 450MW, and will feature the largest wind turbines in German waters: 56 units of MHI Vestas’ 8MW wind turbines with rotor spans of 164 meters. T
Shell says will work with UK, EU after Brexit vote
The world’s largest LNG company, Shell said Friday it will work with the UK government and European institutions on any implications for its business from Britain’s decision to leave the European Union (EU). Britain is expected to submit an application to leave the EU following Thursday’s referendum