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Energy Supply News

17 Mar 2024

Launch Ceremony Held for A-O-S' New Jones Act CTV Gripper

(Photo: American Offshore Services)

An official launch ceremony was held to celebrate the commissioning of a new Jones Act compliant crew transfer vessel (CTV) built for American Offshore Services (A-O-S)—the company's first.Constructed by Blount Boats in Warren, R.I., the 100-foot-long aluminum catamaran is owned and operated by A-O-S, a joint venture formed in 2020 by leading European CTV operator Northern Offshore Services (N-O-S) and U.S.-based investment firm OIC.The vessel will support Ørsted and Eversource’s portfolio of offshore wind farms in the Northeast…

03 Mar 2024

Eight Japanese Ports Join The Green Award

Source: The Green Award

The Green Award Foundation has announced that eight ports managed by the Osaka Ports and Harbors Bureau have joined as new Incentive Providers, offering discounted port fees to Green Award certified vessels that call their ports.This expands The Green Award’s network to 47 ports incentivising safety and sustainability in shipping globally.Among the eight new Japanese ports are the Port of Sakai-Senboku and Port of Hannan, two major industrial ports situated in the Osaka Bay. With a long history as trading hubs…

05 Feb 2024

Asia LNG Imports Are Robust, But Record Supply Keeps Spot Prices Muted

© vladsv / Adobe Stock

The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe.The spot price for LNG delivered to north Asia ended at $9.60 per million British thermal units (mmBtu) in the week to Feb. 2, up slightly from the seven-month low of $9.50 the previous week.Spot LNG prices have broken their usual seasonal pattern of rising during the northern winter and again in summer…

05 Jan 2024

Samsung Heavy Industries Gets $1.5B FLNG Order

(Credit: Cedar LNG)

Samsung Heavy Industries (SHI) has secured an engineering, procurement and construction (EPC) contract for a new floating LNG production unit worth $1.5 billion.SHI formed a consortium with Black & Veatch for the delivery of the new FLNG unit, subject to final investment decision for the project (FID) being developed by the 'North American client'.Undisclosed by SHI, the client is most likely Haisla Nation and Pembina Pipeline Corporation (Pembina), a partner in the development of the proposed Cedar LNG project…

20 Dec 2023

Top 10 Things to Watch in Offshore Wind in '24

Copyright Infi Studio/AdobeStock

Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024.1. A Continuously Dynamic Energy TrilemmaThe dynamic relationship of the three key drivers of affordable energy, energy security and energy transition was clearly evident in 2023 as energy affordability and security were generally more prominent themes than the transition.

07 Dec 2023

Jan De Nul Inks Two Contracts with TenneT

(Image: Jan De Nul Group)

Jan De Nul Group together with its consortium partners LS Cable & System and Denys has signed the contracts for two 525 HVDC cable systems for the two grid connection systems BalWin4 and LanWin1. These mark the first two contracts signed under the long-term framework agreement that TenneT and Jan De Nul have signed earlier this year. The projects comprise the design, manufacturing, transport, installation, protection and testing of three 525 kV cable systems for connecting offshore…

27 Nov 2023

Biden's Clean Energy Agenda Faces Mounting Headwinds

Credit: Dragon Claws/AdobeStock

Canceled offshore wind projects, imperiled solar factories, and fading demand for electric vehiclesA year after the passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington and sluggish permitting have wrought havoc ranging from offshore wind developer Orsted’s project cancellations in the U.S.

08 Nov 2023

US Working with Allies Over Sanctions on Russian Arctic LNG Project

© KKF / Adobe Stock

The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine. The Office of Foreign Assets Control, part of the Treasury Department, also issued a general license that authorizes the wind down of transactions involving Arctic LNG-2, through Jan.

08 Nov 2023

Japan Says to Ensure U.S. Sanctions on Russia LNG Project Won't Harm Supplies

Arctic LNG 2 Illustration - Credit: Saipem (File image)

Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.Japan, the world's second-largest liquefied natural gas (LNG) buyer, relies on LNG as a transition fuel before it reaches carbon neutrality in 2050, and has supply contracts and stakes in projects globally to guarantee imports.The Arctic LNG 2 project is to be launched next month…

23 Oct 2023

Offshore Wind: Newly Formed Consortium Orders Two CSOVs from VARD

Credit: VARD

The Windward Offshore consortium said Monday it had ordered two state-of-the-art Commissioning Service Operation Vessels (CSOV) from VARD to "establish a sturdy basis for its maritime asset services focusing on bolstering the burgeoning offshore wind industry."Winward Offshore is a consortium currently under establishment and is led by SeaRenergy Group in collaboration with Blue Star Group, Diana Shipping Inc., and SeraVerse GmbH."Windward Offshore will play a key role in the energy transition by providing integrated offshore wind service solutions.

20 Sep 2023

Crowley and BWXT Working on Nuclear Power Generation Ships for Defense and Disaster Needs

Credit: Crowley

Shipping and energy supply chain firm Crowley has teamed with nuclear power specialist BWX Technologies through a memorandum of understanding for a ship concept that, the companies say, has the potential to generate alternative, zero-carbon emission energy for defense and disaster needs by including a microreactor on board.The two U.S.-based companies will jointly pursue and develop opportunities relative to the design, engineering, and development of new shallow-draft hull ships that will supply small-scale nuclear energy to shoreside locations.

20 Sep 2023

German Mukran Floating LNG Terminal Seen Ready by First Quarter - Gascade Head

Illustration only - FSRU - Credit: KKF/AdobeStock

A new floating reception terminal for liquefied natural gas (LNG) off the German Baltic Coast should be operational from the first quarter of 2024, gas pipeline operator Gascade, which is building its onshore connection, said on Wednesday.Located off Mukran on the Baltic Sea island of Ruegen, the terminal will host two floating storage and reception units (FSRUs) for LNG deliveries into the German mainland and for exports to eastern European neighbours, as the region ends reliance on Russian pipeline gas."All things going well…

19 Sep 2023

Japan Responds to Fresh Sanctions on Arctic LNG 2

© KKF / Adobe Stock

Japan will ensure stable and steady energy supply to the country even after the U.S. imposed fresh sanctions related to Russia's Arctic LNG 2 project, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday.The Arctic LNG 2 project is operated by Russia's Novatek while Japanese trading company Mitsui & Co and state-owned Japan Organization for Metals and Energy Security (JOGMEC) hold a combined 10% stake.Mitsui and JOGMEC are set to receive a combined 2 million metric tons of LNG per year from the project.The latest sanctions are part of several economic measures the U.S.…

06 Sep 2023

US Offshore Wind Projects Seek Looser Subsidy Rules in Fight for Survival

©Cavan/AdobeStock

A fleet of U.S. offshore wind projects central to President Joe Biden's climate change agenda may not move forward unless his administration eases requirements for subsidies in the year-old Inflation Reduction Act, according to project developers.Norway's Equinor, France's Engie, Portugal's EDP Renewables, and trade groups representing other developers pursuing U.S. offshore wind projects told Reuters they are pressing officials to rewrite the requirements, and warning of lost jobs and investments otherwise."The components needed for our projects to progress simply do not exist in the U.S.

30 Aug 2023

DNV Grants Approval for Liquid Hydrogen Cargo Containment System

Source: Houlder

CB&I, McDermott's storage business, has received Approval in Principle (AiP) for its design of a liquid hydrogen (LH2) cargo containment system from DNV.CB&I collaborated with Shell International Trading and Shipping Company Limited to provide safe LH2 shipping solutions that enable hydrogen energy supply chains using gas carriers.The containment system design is based on CB&I's proven vacuum-insulated spherical technology for onshore LH2 storage. CB&I has designed and constructed more than 130 large, field-erected LH2 storage tanks worldwide over the past 60 years.

30 Aug 2023

US Offshore Wind Sector Faces Key Test After Weak Gulf Auction

© Fokke Baarssen / Adobe Stock

The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general.U.S. officials had touted the auction as a key milestone in Biden’s agenda to make offshore wind a cornerstone of U.S. efforts to fight fossil-fuel-driven climate change.But with only a single bid of $5.6 million emerging for the rights to 102…

28 Aug 2023

Maersk Supply Service to Narrow Business Focus

Source: Maersk Supply Service

Maersk Supply Service has announced that it will focus on scale and competitiveness in two core business areas: offshore wind and offshore support vessels.By focusing on fewer business areas and regions, the company says it will increase its presence in core markets, increase synergies in its operations and improve profitability.The offshore vessel markets continue to improve, and the energy transition continues to accelerate. Therefore, Maersk Supply Service will focus on building scale in these two business areas where the company can benefit from a young and energy efficient fleet…

25 Aug 2023

NYK to Conduct Study on Transportation of Liquefied CO2

mage of a liquefied CO2 carrier to be developed by KNCC courtesy of NYK

On August 25, NYK was commissioned by a consortium comprising ENEOS Corporation, Electric Power Development (J-POWER), and JX Nippon Oil & Gas Exploration to conduct a study on the marine transportation of liquefied carbon dioxide (CO2).The study is part of a fiscal 2023 feasibility study on advanced carbon capture and storage (CCS) projects in Japan.NYK will study the economics and feasibility of the technology for transporting by ship CO2 emitted in western Japan from ENEOS…

20 Jul 2023

Biden Attends Steel Cutting for Great Lakes' Subsea Rock Installation Vessel

From left to right: Lasse Petterson, CEO of Great Lakes Dredge and Dock; Rep. Mary Gay Scanlon, D-Pa.; President Joe Biden; and Steinar Nerbovik, CEO of Philadelphia Shipyard (Photo: Philly Shipyard)

President Joe Biden traveled to Philadelphia on Thursday to attend a steel cutting ceremony for Great Lakes Dredge & Dock Corporation's new offshore wind rock placement vessel, touting his administration’s clean energy agenda and job creation efforts as the U.S. builds up its offshore wind industry. "The clean energy future we’re building all across America will be transformational,” Biden said during the ceremony at Philly Shipyard. “Thousands of families will rely on good jobs these projects create…

21 Jun 2023

MAN Energy Solutions Sells Gas Turbine Business

Source: MAN

MAN Energy Solutions has announced the sale of its gas turbine business to China’s CSIC Longjiang GH Gas Turbine.CSIC Longjiang GH Gas Turbine (GHGT) develops small and medium-sized gas turbines in a 5 to 50 MW range as well as high performance and combustion technologies. The company is a subsidiary of China State Shipbuilding Corporation (CSSC) and is headquartered in Harbin (China).With this portfolio adjustment, MAN Energy Solutions is continuing its strategic focus on solution offerings for decarbonization and opening up long-term growth prospects for the product area.

29 May 2023

RINA and Eni Set Sail on a Journey to Decarbonize Maritime Operations

Ugo Salerno, Chairman and CEO of RINA (left) and Giuseppe Ricci, Chief Operating Officer for Energy Evolution at Eni (right) Credit: Eni

RINA, an international company specializing in inspection, certification, and engineering consultancy, and Italian energy company Eni have signed an agreement to jointly develop initiatives that can contribute to the energy transition and decarbonization of their respective operations and particularly maritime transport.The agreement focuses on the use of HVO (Hydrogenated Vegetable Oil) biofuel produced by Eni in its Venice and Gela bio-refineries, as well as of other energy carriers such as “blue” or “green” hydrogen and ammonia from biogenic…

29 May 2023

PowerX Unveils 'First-ever' Battery Tanker

PowerX's Battery Tanker

Japan-based company PowerX has unveiled the detailed design of the first-ever ‘Battery Tanker’ at an exhibition in Imabari City, Japan. The inaugural ship “X” aims for completion by 2025, with domestic and international field testing planned to start in 2026. This electric propulsion vessel will be 140 meters long and will be equipped with 96 containerized marine batteries, providing a total capacity of 241MWh. "The onboard battery system is based on our proprietary module design, featuring safe and reliable lithium iron phosphate (LFP) battery cells that ensure a lifespan over 6,000 cycles.

25 May 2023

First US-Built Offshore Wind Substation Sets Sail

©Orsted

Offshore wind developers Ørsted and Eversource marked the sailaway of the first U.S.-built offshore wind substation, which departed a Texas fabrication facility Wednesday. The substation is transiting across the Gulf of Mexico and then up the East Coast for installation at the South Fork Wind project site in a few weeks.Kiewit Offshore Services, Ltd. (Kiewit), the largest offshore fabricator in the U.S., designed and built the substation, which will be deployed at Ørsted and Eversource’s South Fork Wind project serving Long Island…