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Energy Plan News

20 Sep 2022

Italy's Commissioner Confident in a Timely Decision on New FSRU

Credit: Karel/AdobeStock

Italy's commissioner for the set up of a new regasification terminal is confident the infrastructure could get the green light by the end of October, in time for extending the country's LNG capacity at the beginning of 2023.Under the government's energy plan, the new floating storage and regasification unit (FSRU) should be operational by the end of March next year to increase the country's LNG imports and make up for a shortfall of Russian imports.The infrastructure, which was bought in June by gas grid operator Snam SRG.MI…

19 Sep 2022

Italy's Commissioner Confident in a Timely Decision on New LNG Terminal

(Photo: Snam)

Italy's commissioner for the set up of a new regasification terminal is confident the infrastructure could get the green light by the end of October, in time for extending the country's LNG capacity at the beginning of 2023.Under the government's energy plan, the new floating storage and regasification unit (FSRU) should be operational by the end of March next year to increase the country's LNG imports and make up for a shortfall of Russian imports.The infrastructure, which was bought in June by gas grid operator Snam…

24 Jul 2019

China to Overtake Japan in LNG Imports

Japan could lose its position as the world’s top LNG importer to China as early as 2022, said a new report by consultancy group Wood Mackenzie.By then, LNG imports in Japan are expected to decline 12 per cent to 72.8 million tonnes per annum (mmtpa) compared to 2018, while China’s import volume rises 37.5 per cent to 74.1 mmtpa.The consultancy firm said that despite losing this leadership position, Japanese buyers will continue to take a lead in contracting innovation with developments such as hybrid deals, coal indexation, joint procurement and carbon neutral cargoes.As several long-term contracts wind down from the early 2020s and with gas and power market liberalisation underway…

11 Mar 2019

VA Offshore Wind: A Strong Foundation

© dell/Adobe Stock

Virginia officials have established a well-planned, extensive strategy to build out an offshore wind industry, including wind towers for electricity generation and the supply chain to support that extensive infrastructure and operations. The State’s big picture is ambitious: developing 2,000 MW of offshore wind by 2028.As currently envisioned, VA’s offshore wind development will likely start this year with two 8-megawatt wind turbines 27 miles off the coast of Virginia Beach. This is a Dominion Energy pilot undertaken in partnership with the Danish wind company Orsted.

03 Feb 2019

Husky Restarts White Rose

Husky Energy said that it has received approval for the limited restart of oil and gas production from White Rose field offshore Newfoundland and Labrador.SeaRose FPSO project was shut down after a spill of about 250,000 litres after a heavy wind storm a couple of months ago.“We have worked with our certifying authority to satisfy ourselves the SeaRose FPSO and associated equipment is ready to safely operate the Central Drill Centre (CDC). The operations at the CDC will be restarted in a phased approach,” the company said/According to local medai reports, the Husky Energy plan to recover the flowline connector and plug the flowline at the South White Rose Extension has been accepted by the  Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) and other federal agencies…

23 Jul 2018

Plans for Another South Australia LNG Import Plant in the Works

A private firm is looking to import liquefied natural gas (LNG) to South Australia starting in 2020, around the same time as two other proposed import projects, looking to fill a supply gap as domestic gas gets sucked into LNG exports.Venice Energy, set up by former BHP Billiton executives, plans to submit a development application to the South Australian government within the next month to park a floating storage and regasification unit (FSRU) in Port Adelaide, Managing Director Kym Winter-Dewhirst said.If regulatory approvals come through by March, construction could begin by June 2019, he told Reuters in an interview. The project would be funded partly by Venice's owners…

21 Nov 2017

Talos, Stone Energy Plan $2.5 Bln Merger

Talos Energy LLC and Stone Energy Corp, two U.S. exploration and production companies focused on the Gulf of Mexico, announced on Tuesday plans to merge and create a new company valued around $2.5 billion including debt, sending Stone's shares down nearly 13 percent. "The idea of a reverse merger works very well for us, as we get a lot of talented people into the company and also use a structure which gets us to the public equity markets", said Timothy Duncan, chief executive of Talos, who will retain the title under the combined company, to be named Talos Energy Inc. Stone shares will be exchanged for Talos stock on a one-for-one basis, while Talos' existing stockholders will be issued 34.2 million shares to give them 63 percent of the combined company, according to a statement.

11 Oct 2017

Op/Ed: ASTRO Act Shoots For the Stars

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi weighs in after the House Natural Resources Committee held a hearing on offshore development and introduced the Accessing Strategy Resources Offshore (ASTRO) Act. Today’s hearing was a slam dunk by the House Natural Resources Committee. Not only did the Committee bring in experts and stakeholders with their own unique offshore perspectives to the hearing, the Committee took a bold step in introducing the forward thinking ASTRO Act.

14 Jun 2014

Ohio Governor Freezes State's Clean Energy Law

Ohio Governor John Kasich on Friday signed legislation to freeze a six-year old law that required utilities to sell increasing amounts of green energy, making the state the first in the country to roll back a clean energy mandate. Kasich, a Republican mentioned as a possible contender for the 2016 presidential race, signed Senate Bill 310, which passed in the state's legislature with strong support from some of Ohio's biggest industrial power users, such as Alcoa, and the Ohio Chamber of Commerce. A number of other companies with operations in the state, including Honda Motor, Honeywell and Whirlpool , opposed the freeze, and have said it will risk new jobs in the state. The original 2008 Ohio law called on utilities to sell more green power each year.

04 Sep 2013

Latest Lease Sale Shows US Commitment to Offshore Wind Development

National Ocean Industries Association (NOIA) President Randall Luthi today issued the following statement Washington, D.C. "Following the Bureau of Ocean ManagementÂ’s auction in July, off the shores of Rhode Island and Massachusetts, todayÂ’s Lease Sale of 112,800 acres off the Virginia coast underscores the AdministrationÂ’s commitment to developing renewable energy resources on the Outer Continental Shelf. NOIA represents all companies involved in the production of OCS energy and applauds the Interior Department for continuing to move forward with the development of this relatively new resource. Our nationÂ’s oceans are a major source of energy and hold vast, untapped resources yet-to-be developed.

03 Jun 2013

Port of L.A Aims to Improve Energy Efficiency

Photo: The Port of Los Angeles

Port of Los Angeles officials announced the development of its Energy Management Action Plan (E-MAP) initiative designed to improve energy efficiency at America’s busiest container port. Included in the plan will be the nation’s largest port energy assessment. The E-MAP, unveiled during an energy workshop with representatives of the Port, the Los Angeles Department of Water and Power (LADWP), marine terminal operators and others, will serve as the Port’s blueprint to identify…

23 Jul 2012

US 'Great Green Fleet' Visit by SECNAV, CNO

Photo credit USN

The Secretary of the Navy, the honorable Ray Mabus, and Chief of Naval Operations Adm. Jonathan Greenert, visited the aircraft carrier USS Nimitz (CVN 68) for the Navy's Great Green Fleet demonstration during Rim of the Pacific (RIMPAC). The Great Green Fleet demonstration is a step towards the Department of the Navy's goal to reduce consumption of energy, decrease reliance on fossil fuels and significantly increase the use of alternative energy. Greenert emphasized the importance of the Navy's biofuel initiative and its importance for the Navy's future energy plan.

05 Jul 2012

Lloyd's Register Acquires India's Reltech Consulting

Lloyd’s Register has acquired the business and principal assets of the Mumbai-based nuclear risk specialists, Reltech Consulting (Reltech), in a move designed to further strengthen its historic presence in the Indian energy sector. The business and assets of Reltech, which provides safety-management services to a multinational civil nuclear client base, have been transferred to the newly formed LR Scandpower Risk Consultancy Pvt. Ltd., completing another major step in the strategic expansion of Lloyd’s Register’s global nuclear business. Scandpower AS, which provides independent technical risk services to the energy and transport industries, was purchased by Lloyd’s Register in 2009.

06 Jun 2012

US Navy Touts Energy Plan, Congress Seeks Cuts

Speaking at awards ceremonies recently at the United States Naval Memorial in Washington, D.C., senior officers and civilian officials said new energy initiatives will reduce defense spending without sacrificing capabilities. “Taking the long view is really important,” said Monica Medina, a special assistant to Defense Secretary Leon Panetta responsible for energy and environmental matters. Cutting costs and increasing efficiencies through environmental and energy programs is a priority in the secretary’s office and for the Navy, she said. Her comments came after Senate and House committees voted in May against the Navy’s biofuel plans.

14 Dec 2011

Western GOM Lease Sale Attracts Bids of $337 Million

The Department of the Interior’s Bureau of Ocean Energy Management announced that its Western Gulf of Mexico Oil and Gas Lease Sale 218, held today in New Orleans, attracted $337,688,341 in high bids and included 20 companies submitting 241 bids on 191 tracts comprising over a million acres offshore Texas. The sum of all bids received totaled $712,725,998. This announcement is consistent with steps President Obama announced in May 2011 to expand domestic oil and gas production safely and responsibly. “Today’s lease sale, the first since the tragic events of Deepwater Horizon, continues the Obama administration’s commitment to a balanced and comprehensive energy plan,” said Secretary of the Interior Ken Salazar, who attended the sale and provided opening remarks.

06 Apr 2010

Salazar Announces Western Gulf Lease Sale

Secretary of the Interior Ken Salazar announced that the next federal oil and gas lease sale in the Gulf of Mexico will occur in New Orleans on August 18, 2010. The Secretary made the Western Gulf of Mexico Lease Sale 215 announcement during a tour of Superior Energy Services. The available blocks in Sale 215 are located from 9 to about 250 miles offshore in water depths of 16 to more than 10,975 feet (5 to 3,346 meters). The Department of the Interior’s Minerals Management Service (MMS) estimates the proposed lease sale could result in the production of 242 to 423 million barrels of oil and 1.64 to 2.64 trillion cubic feet of natural gas.

31 Mar 2010

Secretary Salazar Offshore Strategy

Secretary of the Interior Ken Salazar announced that, as part of a comprehensive strategy for strengthening the nation’s energy security and reducing America’s dependence on foreign oil, the Obama Administration will expand oil and gas development and exploration on the U.S. Outer Continental Shelf, while protecting fisheries, tourism and places off U.S. coasts that are not appropriate for development. “By responsibly expanding conventional energy development and exploration here at home we can strengthen our energy security, create jobs, and help rebuild our economy,” said Salazar, who joined President Obama at Andrews Air Force Base to make the announcement.

20 Aug 2009

Offshore Lease Generates $115m

A sale of federal oil and natural gas leases for the Western Gulf of Mexico attracted $115,466,321 million in high bids, Secretary of the Interior Ken Salazar announced. To date this year, the department has offered 55 million acres of U.S. public land – onshore and offshore – for oil and gas development, generating more than $875m in revenues. “The responsible development of oil and gas resources on U.S. public lands is an integral part of President Obama’s comprehensive energy strategy for the nation,” Secretary Salazar said. Western Gulf of Mexico Oil and Gas Lease Sale 210, held in New Orleans by Interior’s Minerals Management Service, received 189 bids on 162 federal Outer Continental Shelf tracts from 27 companies. The sum of all bids received totaled $145,186,365.00.

18 Aug 2009

Bids Received, Western GOM Lease Sale

The bids are in for Western Gulf of Mexico Federal Oil and Gas Lease Sale 210 to be held August 19. The U.S. Department of the Interior's Minerals Management Service (MMS) Gulf of Mexico Region announced that 189 bids were received from 26 companies on 162 tracts offered offshore Texas. “This sale is an important part of a balanced domestic energy plan that includes development of offshore renewable energy resources as well as oil and gas,” said MMS Director Liz Birnbaum. Reading of the sealed bids will take place August 19, beginning at 9:00 a.m. in the Grand Ballroom of the Royal Sonesta Hotel, 300 Bourbon Street, New Orleans. The sales will be Webcast through the Offshore Oil Scouts Association at www.oosa.com. Real Player will need to be installed in order to run the Webcast.

31 Jul 2009

Salazar Statement on Leasing Court Ruling

U.S. Department of the Interior Secretary Ken Salazar issued the following statement regarding the U.S. “I am pleased with the Court’s decision. Consistent with the Department’s request, the Court clarified that its prior ruling only applies to the Chukchi, Beaufort and Bering Seas. On April 17, 2009 the U.S. Court of Appeals for the District of Columbia Circuit vacated the entire 2007-2012 Outer Continental Shelf oil and natural gas leasing program, ruling that Bush Administration officials did not conduct sufficient scientific and environmental analysis before scheduling oil and gas lease sales on the Outer Continental Shelf off Alaska. The ruling came two years after lease sales had begun under the 2007-2012 OCS oil and natural gas leasing program.

19 Mar 2009

Central Gulf of Mexico Lease Sale 208

Secretary of the Interior, Ken Salazar, announced that the Central Gulf of Mexico Oil and Gas Lease Sale 208, held in New Orleans, attracted $703,048,523 in high bids. The sale was conducted on March 18 by Interior’s Minerals Management Service (MMS) and had 70 companies submitting 476 bids on 348 tracts comprising over 1.9 million acres offshore Louisiana, Mississippi and Alabama. The sum of all bids received totaled $ 933,649,315. “Today’s lease sale will help us make a wise addition to our nation’s energy supply,” said Interior Secretary Ken Salazar. The highest bid received on a tract was $ 65,611,235 submitted by Shell Gulf of Mexico Inc. for Mississippi Canyon, Block 721.

17 Sep 2007

Newfoundland to Take Offshore Stake

The Canadian province of Newfoundland plans to take a 10% stake in new oil and gas projects off its coastline, Forbes reported. The demand was contained in the provinces 35-year energy plan recently released. The province will take a 10% stake in future offshore oilfields if they meet long-term strategic objectives and will pay its share of exploration and development costs, he said. Last month the province reached an agreement with oil companies Chevron, ExxonMobil, PetroCanada and Norsk Hydro ASA, giving it a 4.9 pct stake in the offshore Hebron project. (Source: Forbes)

23 Jan 2007

Consortium Launches LNG Project

The Peru LNG project, the largest industrial project ever to be undertaken in the history of Peru, officially launched today by awarding to Chicago Bridge & Iron Company N.V. (CB&I) the engineering, procurement and construction (EPC) contract for a natural gas liquefaction plant valued in excess of $1.5b. The Notice To Proceed authorization represents a commitment by the international project consortium (consisting of Hunt Oil Company of the United States, SK Corporation of Korea and Repsol YPF of Spain) to move forward with their direct investments to develop the Peru LNG gas export project. Hunt Oil Company will serve as operator of the project. Peru LNG is a key component in Peru's overall energy plan.