Energy World News

Australia’s Energy World Corp(EWC) said it has received a permit from the Philippines' department of energy (DoE) to construct an LNG hub at Pagbilao Grande island in Quezon province.The energy company, which produces and sells power and natural gas primarily in the Asia Pacific region, said in a stock exchange annoucement that DoE Secretary Alfonso G. Cusi on behalf of the department had issued Energy World Gas Operations Philippines, Inc. a permit to construct, own and operate an LNG import terminal and regasification facility on the Pagbilao Grande island.“The permit which was issued on 21 December 2018 forms an update to the original permit documentation and provides for a further construction period of 24 months from the permit issue date…

Long a staple for offshore service providers, a more compact and carefully designed version of the diesel electric option is now available for inland pushboats. For budget conscious operators (and who isn’t, in this environment?), the stars may finally be aligned.For many years, electric propulsion has proven to be a viable propulsion solution for many different types of vessels. Most familiar to workboat stakeholders would be the advent of the ‘diesel electric’ offshore serve providers (OSV) that became commonplace during the offshore boom era. Those vessels operated in a different regulatory environment, with the emphasis more leaning towards operational efficiencies and fuel economy.

Gulf of Mexico vessel builders – and their customers – adapt to a lean offshore market. After oil prices plunged in late 2014 – pressured by shale output – demand for offshore vessels in the Gulf of Mexico shrank, day rates for boats fell and non-working units were idled. This year, several GoM boat builders filed for Chapter 11, or voluntary bankruptcy, while others consolidated. The most diversified companies kept their heads above water. Today, the outlook's a bit brighter. Crude oil prices hit bottom early last year. Tidewater Inc.

GTT organized its first Seminar on GST membrane full integrity systems in its head office in Saint-Rémy-Lès-Chevreuse, France. During three days, from April 14-16, 2014, more than 40 delegates from EPCs, oil and gas majors, classification societies and engineering companies have attended presentations and site visits, to receive and update on the membrane full integrity technology dedicated to onshore storage. In the first two days, the presentations gave an insight of the latest design…

World energy use will grow by a steady two percent a year from now till 2020, and carbon dioxide emissions which contribute to unwanted climate change will rise at about the same rate. Most of the increases will come in developing countries. Oil, gas and coal will continue to dominate the world fuel mix. Countries that import oil and gas will grow increasingly dependent on production from OPEC members in the Middle East. These are some of the main projections to be found in the "reference scenario" of World Energy 2000, the biennial flagship publication of the International Energy Agency. The new Outlook was launched today at the COP 6 Conference in the Dutch capital.

World Fuel Servies Corporation announced the acquisition of Marine Energy, a marine fuel services company based in Dubai, United Arab Emirates. The acquisition gives World Fuel Services a greater presence in the world's second-largest marine fuel supply market. World Fuel Services provides fuel and services at more than 1,100 airports and seaports worldwide.