Energy News

14 Feb 2020

US Ports Get More Than $280 Mln in MARAD Grants

© John McQuiston / Adobe Stock

The U.S. Department of Transportation’s (USDOT) Maritime Administration (MARAD) announced that it has awarded more than $280 million in discretionary grant funding through the new Port Infrastructure Development Program. This funding is designed to improve port facilities at or near coastal seaports.The Port Infrastructure Development Program supports efforts by ports and industry stakeholders to improve facility and freight infrastructure to ensure our nation’s freight transportation needs, present and future, are met.

14 Feb 2020

Coronavirus Leaves China-bound Tankers Stranded

© Riekelt / Adobe Stock

The coronavirus's effect on energy markets is worsening, as the sharp fall in demand in China, the world's largest importer of crude, is stranding oil cargoes off the country's coast and prompting shippers to seek out other Asian destinations.More than 1,360 people have died from the coronavirus in China, which has disrupted the world's second largest economy and shaken energy markets, with international benchmark Brent crude oil down 15% since the beginning of the year.Major international energy forecasters expect demand to fall in this quarter…

13 Feb 2020

Port of Blyth Hails UK's Freeport Vision

Image: Port of Blyth

Port of Blyth, one of the UK’s leading offshore energy support hubs, and its partner, Energy Central, has supported the announcement from the UK Government of a 10-week consultation on its ‘freeports vision’.The Port of Blyth and businesses working on the estuary could benefit from the establishment of UK Freeports and recognizes the potential benefits of a free trade zone could bring to the region, particularly given the development of Energy Central in Blyth.Designed to create the perfect environment for inward investment from the offshore and renewable energy sector…

13 Feb 2020

Port of Rotterdam Throughput Flat in 2019

Image: Port of Rotterdam Authority

The largest seaport in Europe Port of Rotterdam saw a freight throughput of 469.4 million tonnes in 2019, fractionally higher than in 2018 (469 million tonnes).According to a release, investments by the Port of Rotterdam Authority were again at a high level, with gross investments including participation amounting to €338.3 million (2018: €408.1 million). The net result excluding taxes amounted to €241 million (2018: €254.1 million).Significant underlying shifts were observable between the various commodities.

13 Feb 2020

TenneT Intros 2GW Offshore Grid Plans

Image: TenneT

European transmission system operator TenneT has announced plans to build two 2 GW offshore grid connections in the IJmuiden Ver wind energy area, having entered into a so-called 'innovation partnership' with its suppliers.Given the combination of the large distance to the coast and the size of the IJmuiden Ver wind energy area, a 2 GW direct current (HVDC) solution, based on 525 kilovolts, appears to offer most economical  advantages. It requires only one cable system per 2 GW…

13 Feb 2020

Fincantieri Delivers Virgin Voyages' Scarlet Lady

Photo courtesy of Fincantieri

Italian shipbuilder Fincantieri said it has presented Scarlet Lady, the first of four new cruise ships it is building for new cruise ship operator Virgin Voyages, part of Richard Branson’s Virgin Group.The 110,00-gross-ton Scarlet Lady, constructed at the builder's shipyard in Genoa Sestri Ponente, is 278 meters long and 38 meters wide. Virgin Voyages second ship, Valiant Lady, currently under construction in the same yard, will be delivered in 2021, while the third and the fourth units…

13 Feb 2020

Oil Prices Climb on Hopes of Deeper OPEC+ Production Cuts

AdobeStock_45230 / Adobe Stock

Oil prices edged higher on Thursday as investors focused on the possibility of deeper supply cuts from the world's biggest producers, whilst largely shrugging off reports which cut demand forecasts after the coronavirus outbreak in China, the biggest oil importer.Brent crude was up 32 cents, or 0.6%, at $56.11 a barrel by 10:52 a.m. ET (1552 GMT), while U.S. West Texas Intermediate (WTI) was up 14 cents at $51.31 a barrel.The energy complex was led higher by U.S. gasoline futures…

13 Feb 2020

Ship Efficiency: Improve Hull Performance

Photo credit: JOTUN

While owners have long recognized the link between clean hulls and lower fuel costs, lack of reliable data has slowed investments in optimizing hull performance. But with improved sensor technologies and data analysis tools, hull performance is getting a second look. Owners seeking to lower fuel costs and comply with pending regulations on emissions and invasive species often look to equipment manufacturers to meet their needs. From new efficient engine designs to alternative fuels, scrubbers to ballast water treatments systems, owners face some expensive decisions.

13 Feb 2020

Automatic Ferry Enters Regular Service in Norway

(Photo: KONGSBERG)

The world’s first adaptive ferry transit conducted during normal service took place last week on a vessel fully loaded with passengers and vehicles, demonstrated fully automatic control from dock to dock, Kongsberg Maritime  announced. The landmark crossing, a key step forward in the integration of autonomous technology into everyday shipping operations, was made possible by collaboration between shipping company Bastø Fosen, KONGSBERG and the Norwegian Maritime Authority (NMA).The…

12 Feb 2020

CMA CGM Joins Energy Observer in Hydrogen Project

Image: Energy Observer

French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of hydrogen as a marine fuel.Energy Observer, formerly a racing catamaran, is now an experimental platform for tomorrow’s energy sources. It is sailing round the world in order to speed up development of the innovative solutions for the environment.This partnership with CMA CGM deals with the development of cleaner and more sustainable energies to eliminate CO2 emissions, greenhouse gases and air pollutants.

12 Feb 2020

Schlumberger Intros Egypt Upstream Gateway

Image: Schlumberger

The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen.The Egypt Upstream Gateway will also be a platform to promote Egypt's exploration and production potential worldwide.The Egypt Upstream Gateway will leverage the GAIA digital subsurface platform and provide additional…

12 Feb 2020

Holland Shipyards to Build Electric Double-Ender Ferry

Image: Holland Shipyards Group

Norwegian ferry operator Brevik Fergeselskap has ordered a new electric passenger/ vehicle double-ender ferry from Holland Shipyards in Hardingxveld-Giessendam.The keel laying ceremony of the electric ferry has taken place on Wednesday February 12, 2020 at Holland Shipyards Group.The event was attended by both the board of Brevik Fergeselskap and Holland Shipyards Group. Mr. Bjørge Fredheim from Brevik Fergeselskap had the honor of welding a part of the section.After a joint engineering process…

12 Feb 2020

EDF Buys Stake in Irish Offshore Project

Image: EDF Renewables

French electricity giant Électricité de France (EDF) is moving into the Irish energy market.EDF Renewables, a subsidiary of the French energy utility, has acquired a 50% stake in the Codling offshore wind project from Hazel Shore, a company linked to the property developer, Johnny Ronan.EDF Renewables will develop and build the project alongside Fred Olsen Renewables, which owns the other 50% stake in 1100MW Codling Wind ParkIt is the first investment by the international energy player in the Republic.The Codling project is located south of Dublin…

12 Feb 2020

Dredging at the Forefront of Corps' 2020 Work Plan

(Photo: Dredging Contractors of America)

The U.S. Army Corps of Engineers' FY2020 Work Plan release on Monday places dredging at the forefront.“We welcome the FY 2020 Work Plan released by the Army Corps,” said William P. Doyle, CEO of the Dredging Contractors of America. “We’re ready – our dredging companies are hard at work on projects and continue to build new dredging ships for America’s ports, waterways and beaches.”The Work Plan is based on the FY2020 Energy and Water Development appropriations bills signed into law by President Trump in December 2019.In December 2019…

12 Feb 2020

US Seaborne Crude Oil Exports Up 51%

© Mitya Nevsky / Adobe Stock

December could boast another all-time high for US seaborne crude oil exports, totaling 13.9 million metric toes and exceeding the previous October record by almost a million metric tons. In 2019, 133 million metric tons of sweet US crude oil was exported by sea, a 51% increase from 2018.Due to the US shale revolution, the country became a net seaborne crude oil exporter in October 2019, and the record-breaking exports in December solidified the trend, as imports for the month amounted to 11.5 million metric tons crude oil.

11 Feb 2020

USA Ups BOEM Offshore Wind Budget

Image: BOEM

The Trump Administration has proposed a $189m fiscal year 2021 budget for the Bureau of Ocean Energy Management (BOEM), designating just under $27m for offshore wind.The FY 2021 budget includes approximately $26.5 million to advance offshore renewable energy development.In recognition of the role renewable energy can play in securing the Nation’s energy independence and supporting economic growth, BOEM continues to advance renewable energy through its leasing program and streamlining its permitting and National Environmental Policy Act (NEPA) processes.In addition…

11 Feb 2020

Shell, Qatargas Sign LNG Deal for Kuwait

Image: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait, commencing this year.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs said, “We are pleased to announce this new long term agreement between Qatargas and Shell for the supply of LNG to the State of Kuwait, following the recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation.

11 Feb 2020

Upstream Sector Leads O&A M&A in 2019

Graph: GlobalData

A latest research revealed that the upstream sector accounted for the bulk of mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value transactions during the process.According to GlobalData's theme report, ‘M&A in Oil and Gas – 2020’, the acquisition of Anadarko Petroleum by Occidental Petroleum in April 2019 for a purchase consideration of US$57bn was the highlight of oil and gas M&A activity last year, says GlobalData, a leading data and analytics company.Ravindra Puranik…

11 Feb 2020

BS Offshore SOV Readies for Sea Trials

Photo: Marius Ertesvåg

A service operations vessel (SOV), owned and operated by Bernhard Schulte Offshore, is undergoing final tests at Ulstein Verft’s shipyard in Norway in preparation for sea trials."The Yard number 315 newbuild at Ulstein Verft, the Windea TBN for Bernhard Schulte, has been floated out from the outer dock and has now been positioned quayside. The vessel is now getting prepared for her first sea trial in early March," said a press release from the Norwegean shipbuilding company.Prior to the sea trial various tests will be carried out…

11 Feb 2020

WCI Applauds Corps’ FY20 Work Plan

(Photo: Lee Roberts / U.S. Army Corps of Engineers)

Waterways Council, Inc. (WCI) offered praise for Congress, the U.S. Department of Agriculture and the the U.S. Army Corps of Engineers’ for the Corps’ Fiscal Year 2020 (FY20) work plan that lays out allocations for funds provided in the FY20 Energy & Water Development Appropriations bill toward the Corps’ civil works mission. The work plan was released late yesterday.Critical to the nation’s agricultural shippers and American family farmers, the Navigation and Ecosystem Sustainability Program (NESP) (Upper Mississippi River – Illinois Waterway System: IL…

11 Feb 2020

Vineyard Wind to Miss Startup Target Over Permit Delay

(Photo: Heerema Marine Contractors)

Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays.The Bureau of Ocean Energy Management, part of the U.S. Department of Interior, posted a revised permitting timeline on its website on Tuesday that said it will issue a final decision on the project by Dec. 18, more than a year after its previous target of August 2019."While we need to analyze what a longer permitting timeline will mean for beginning construction…

11 Feb 2020

MAN's New Digital Platform Aims to Link OEM Data

© Siarhei / Adobe Stock

Engines manufacturer MAN Energy Solutions has launched a new digital platform designed to enable the integration and exchange of original equipment manufacturers’ (OEM) data to promote industry collaboration in realizing the benefits of digital technology.The new platform, mýa, provides asset owners with a single, secure interface to data from multiple equipment manufacturers across the marine, power, and energy industries, among others.“Given the unique transformational challenges most industries are facing today…

11 Feb 2020

Offshore Wind: Half Empty or Half Full?

© faithie/AdobeStock

As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm. But even a quick look-back at OFW always raises the same familiar question: is the glass half empty or half full?Consider developments in the east coast leader in offshore wind: New York.In a webinar in December New York’s NYSERDA –…

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News