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Energy

SEA-3250-LT: Innovation in Offshore Wind Installations

The SEA-3250-LT is a dedicated low CAPEX wind turbine installation solution for the emerging U.S. offshore wind market. (Image: GustoMSC)

GustoMSC is targeting the burgeoning U.S. offshore wind energy market with an innovative jack-up design that it claims will help to reduce risk and increase efficiency when installing units offshore: the SEA-3250-LT installation jack-up.   Designed to be a safe, stable and solid platform to lift these heavy,

Odfjell Divests Share in Singapore Tank Terminal

Odfjell Terminals B.V. has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50 percent ownership in Oiltanking Odfjell Terminal Singapore Pte Ltd for a price around $300 million. This implies an enterprise value of around $330 million for Odfjell Terminals B.

Dordrecht Inland Seaport to Get LNG Bunker Station

Photo: Port of Rotterdam

 The Port of Rotterdam Authority wants a new multi-fuel bunkering station for refuelling with LNG and other cleaner fuels. The anticipated location of the bunkering station is Krabbegors/Duivelseiland at Dordrecht Inland Seaport.    The Port of Rotterdam Authority and PitPoint.LNG have therefore signed

Kinder Morgan Q3 Revenue Dips on Harvey Impact

(Photo: NASA)

Pipeline operator Kinder Morgan Inc reported a 1.5 percent fall in quarterly revenue, partly due to the impact of Hurricane Harvey.   In August, Harvey hit the Texas shore as a fierce Category 4 hurricane, causing massive flooding, which knocked out 11 percent of U.S. refining capacity, a quarter of oil production from the U.

Italy Breaks up Libyan Fuel Smuggling Ring

Sicilian police on Wednesday sought the arrest of nine people, including a suspected mobster, for running a Libyan fuel-smuggling ring in which at least 30 million euros ($35 million) of diesel was sold in gas stations in Italy and Europe.   A Libyan, nicknamed the "boss", used small boats to steal fuel from a refinery in Zawiya,

World’s First Floating Wind Farm Starts Production

The Hywind Scotland floating wind farm. (Photo: Øyvind Gravås / Woldcam - Statoil ASA)

The world's first offshore floating wind farm has started to deliver electricity to the Scottish grid, providing power to approximately 20,000 households.   The 30MW Hywind Scotland wind farm, operated by Statoil in partnership with Masdar 25 kilometers offshore Peterhead in Aberdeenshire, Scotland,

Wood Wins LNG Platform FEED Contract

Pic:  John Wood Group PLC

 The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico.   The main objective of the FEED is to finalize the design of the world’s first offshore

First phase of DNV GL Led Offshore Cable and Pipeline Project completed

Photo: DNV GL

 The first phase of the DNV GL’s Joint Industry Project (JIP) which focuses on the development of a new design and certification standard for equipment for pipeline and cable offshore operations has been completed.   "The JIP, focussing on the development of a new design and certification standard

Total CEO Will Try to Move Ahead with Iran Gas Project

French oil and gas major Total will push ahead with its Iran gas project if the United States decides to slap unilateral sanctions on Teheran after President Donald Trump said he will not certify the landmark Iran nuclear deal.   Total's Chief Executive Officer Patrick Pouyanne said in an interview

Newest Outpost for US Crude Exports: India

© sedi78 / Adobe Stock

India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports.   U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare,

CEFC Eyes Big League with Rosneft Oil Offtake Deal

As part of its recent $9.1 billion investment in Russian oil giant Rosneft, little-known CEFC China Energy will have access to up to 260,000 barrels per day (bpd) of Russian oil - giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol.   For China, the world's top crude importer,

MOL Names Newbuilding LNG Carrier 'Energy Liberty'

MOL's LNG carrier Papua. File Photo: MOL

 Mitsui O.S.K. Lines (MOL) has announced that on October 16, a naming ceremony for a newbuilding LNG carrier, jointly owned by MOL and Tokyo LNG Tanker, was held at the Tsu Shipyard of Japan Marine United Corporation.  Among the crowd of well-wishers on hand for the ceremony were Tokyo Gas Co., Ltd.

Rigdon Named Interim CEO at Tidewater

Larry Rigdon

Larry T. Rigdon will serve as interim president and chief executive officer (CEO) of Tidewater Inc. while a search committee seeks a permanent successor to Jeffrey M. Platt, who has elected to retire from his role as director, president and CEO of offshore service vessels (OSV) owner and operator effective October 15, 2017.

Coast Guard Responds to Oil Platform Blast

The U.S. Coast Guard is coordinating search efforts for a missing man after an explosion on an oil platform in Lake Pontchartrain near Kenner, La., Sunday evening.   Coast Guard Sector New Orleans received a report from a witness at approximately 8 p.m. of an oil platform explosion. The cause of the incident is unknown.

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