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Energy

Oil Gains on Forties Pipeline Shutdown, New York Blast

Oil prices rose Monday, reversing earlier declines, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York. Brent crude futures were up $1.20, or nearly 2 percent, at $64.60 by 12:22 p.m. EST (1722 GMT). U.S. West Texas Intermediate (WTI) crude futures were at $57.

Sustainable Marine Energy’s Inshore Platform PLAT-I Powers Up

Photo: Schottel

On November 25th Edinburgh-based tidal energy technology developer Sustainable Marine Energy (SME) completed the installation of its game changing PLAT-I tidal energy system at Connel, near Oban in western Scotland.   The operation, including tow-out, was completed in under 5 hours using Green Marine’s multicat vessel Green Isle.

Christophe de Margerie Moves 1st Yamal LNG Cargo

Photo: PAO Sovcomflot

 On 8 December 2017, the icebreaking LNG carrier Christophe de Margerie completed her first loading at the Port of Sabetta, on the Yamal Peninsular, with her first cargo of liquefied natural gas (LNG) produced at the Yamal LNG plant.   The ceremony was attended by: the Russian President Vladimir Putin,

China's Giant Floating Solar Plant Goes Live

© tantawat / Adobe Stock

China's Three Gorges Group started producing power from a 150-megawatt floating solar plant in east China, the largest of its kind in the world, official Xinhua news agency reported on Sunday.   The solar power project in Huainan in Anhui province, developed by the new energy unit of state-run Three Gorges Group,

Putin to Saudi Energy Minister: Buy Our Gas, Save Your Oil

Russian President Vladimir Putin offered Saudi Energy Minister Khalid al-Falih to buy Russian liquefied natural gas (LNG) in order to spare Saudi Arabia's oil, the Interfax news agency reported citing him as saying on Friday. "Buy our gas and you'll save oil," Putin told Falih after having given

Excelerate Buys EXMAR’s Share in Four FSRUs

(Photo: EXMAR)

Excelerate Energy has acquired the full 50 percent shares held by EXMAR in four companies, Excelerate NV, Explorer NV, Express NV and Excelsior BVBA, each owners of the respective Floating Storage and Regasification Units (FSRU) registered under the same names, and all four of which are under a long-term time charter to Excelerate Energy.

Sembmarine Inks LoI with Shell for FPU

Floaters. Photo: Sembcorp Marine Ltd.

 Sembcorp Marine announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters has signed a Letter of Intent (LOI) with Shell Offshore for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU).    If the project moves forward, the

BSEE, USCG Investigating GoM Rig Fatality

(Image: BSEE)

The Bureau of Safety and Environmental Enforcement (BSEE) and U.S. Coast Guard (USCG) are investigating the fatality of a worker on board the Petrobras 10,000 drillship in the Gulf of Mexico.   Petrobras America Inc. reported the fatality on board the Transocean Ltd. owned drillship at about 4:45 a.

Russia is Developing Subsea Production Systems

Kirinskoye field subsea production facility (Image: Gazprom)

The Russian Ministry of Industry and Trade is working with Gazprom and several Russian research institutions to develop domestic subsea production systems for prototype production in 2019 and testing in 2020.   The initiative is underway as the country aims to reduce its dependence on imports in its oil and gas industry,

Wärtsilä, GTT Partner on LNG Solutions

The inside of a GTT cryogenic membrane tank. Photo: Wärtsilä

Wärtsilä and GTT finalized a cooperation agreement at the Marintec conference and exhibition in Shanghai, China on December 5.   The aim of the cooperation is to explore potential business opportunities in the marine sector in relation to liquefied natural gas (LNG) storage, fuel gas supply systems

Novatek Starts Production at Yamal LNG

Photo: Yamal LNG

 Russian energy firm Novatek  has announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 million tons per annum.   The first cargo loading is scheduled on 8 December 2017 at the Sabetta port using the first Arc7 ice-class

API Launches Voluntary Program to Cut Methane

© wb77/ Adobe Stock

The American Petroleum Institute on Tuesday launched a voluntary program to cut emissions of the greenhouse gas methane from oil and gas operations, a move environmentalists said was not strong enough to adequately protect the climate.   Under the program, agreed to by 26 companies including Exxon Mobil subsidiary XTO Energy,

Brazil Daily Oil Output to Double by 2026

Brazil's daily oil production should rise 3.8 percent this year over last and double by 2026, the director of a research arm of the government said on Tuesday.   Output should pick up to 2.7 million barrels per day (bpd) in 2017 from 2.6 million bpd last year and surge to 5.2 million bpd by 2026, Jose Mauro Coelho,

Wärtsilä Launches Fuel-saving VER System

VER. Photo: Wärtsilä

 The technology group Wärtsilä is introducing its Voyage Emissions Reduction (VER) system as a means for increasing oil tanker revenues, while also significantly aiding the environment through reduced emissions.    The system effectively eliminates the problem of volatile organic compound (VOC) emissions from tankers during laden voyages.

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