Hydrocarbons News

Esgian reports an eventful week with contract confirmations, terminations and suspensions in its Week 18 Rig Analytics Market Roundup.Report SummaryContractsBurullus Gas Company, the self-operated joint venture between Shell Egypt, the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC) and Petronas, has agreed to move forward with the development of Phase 11 in Egypt's Nile Delta in the Mediterranean Sea.QatarEnergy has exercised a one-year option for Borr Drilling 400-ft jackup Groa…

Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras reporting a new discovery in Brazil's Potiguar Basin.Report Outline:ContractsBorr Drilling has announced new contract commitments for three of its premium jackup rigs…

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand. Operations are expected to begin in the second half of 2024, with an unspecified jackup.Drilling Activity and DiscoveriesThe Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for an exploration well in…

Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.Malaysian offshore drilling firm Velesto confirmed Friday it had recently secured long-term contract extensions for three of its jackup rigs with Petronas Carigali…

Analysts and commentators are quick to point out that fossil fuels will power maritime equipment, and indeed dominate the fueling marketplace, well into the future. However, they will do so alongside new fuels, and new technologies, that will be introduced to the maritime sector in the coming years. In its September, 2023 report “Beyond the Horizon: View of the Emerging Energy Value Chains”, the American Bureau of Shipping (ABS) explains that, “During the recent 80th meeting of the Marine Environment Protection Committee (MEPC 80)…

Australian regulator NOPSEMA has begun assessment of Woodside Energy’s environment plans for Julimar Development Phase 3 Drilling and Subsea Installation.The Julimar field is located in Western Australian waters about 170km north-west of Dampier.Woodside’s Phase 3 development will involve drilling up to four wells in the Julimar field and one well in the Penfolds prospect, along with the associated subsea installation. The production system will have a design life of 25 years…

Yinson is aiming to leverage advanced carbon capture technology to reduce greenhouse gas emissions from its FPSO operations.The company announced its Yinson Production Offshore Pte Ltd arm has made a strategic investment in Ionada, developer of innovative carbon capture technology.According to Yinson, Ionada's technology has potential to support the offshore oil and gas industry's transition to low-carbon operations. Furthermore, the technology presents new business opportunities…

Canada’s Minister of Environment and Climate Change, Steven Guilbeault, and Minister of Energy and Natural Resources, Jonathan Wilkinson, introduced Canada’s draft framework to cap pollution from the oil and gas sector on December 7. The aim is to reduce emissions and remain competitive in a shifting global market. “No sector of the economy should be allowed to emit unlimited pollution, not when we are all driving toward the same goal of net zero by 2050 to ward off the worst impacts of the climate crisis,” said the ministers in a statement.

DEME and Greek renewable energy developer and independent power producer FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece. Offshore wind technology is viewed as crucial for achieving global goals towards zero emissions. In support of these goals, the Greek government recently announced the draft ‘National Offshore Wind Farms Development Program’ which is overseen by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA).

The November edition of Marine News magazine highlighted a selection of the most notable American newbuilds delivered of 2023—from a first-of-its-kind green towboat, to the lead vessel in a series of game-changing ships to train U.S. mariners.Empire StateAs the lead vessel in a series of five new training ships being constructed to serve America's state maritime academies, Empire State is easily one of the most important U.S.-built vessels delivered in recent memory.Built by Philly Shipyard for the U.S.

The U.S. offshore wind market presents a $1 billion long-term opportunity to builders of crew transfer vessels (CTV) and service operation vessels (SOV) that will support both wind farm construction and long-term operations and maintenance. Unlike many of the construction vessels to be deployed on U.S. wind projects, CTVs and SOVs must be Jones Act compliant, meaning they will be built, owned and operated by U.S. companies and personnel.However, although seen as somewhat commoditized vessels…

VIKING Life-Saving Equipment, said Wednesday it was launching an innovative range of lifeboats and davits which set new standards for compact and lightweight lifeboat-based evacuation solutions. "By challenging traditional lifeboat design, the 40- and 52-person VIKING Norsafe Totally Enclosed Lifeboats (TELB) respond to a rising tide of industry demand for space- and weight-saving boats for typical crew capacities," VIKING Life-Saving Equipment said."Major shipbuilding clients…

The United States' first plug-in hybrid electric inland towing vessel was christened at a ceremony in Houston on Friday as the commercial marine industry continues to implement new technologies to reduce its environmental footprint.Kirby Inland Marine's Green Diamond will be time chartered by Shell Trading (US) Company, which will use the vessel to push barges throughout the Houston port region. According to Kirby, the vessel can achieve an estimated 80% reduction in fuel use and related emissions.“We are excited to be the first to market with a plug-in hybrid inland towing vessel…

BW LPG has demonstrated the value of dual-fuel LPG operations beyond the company’s initial aim of meeting IMO 2020 Sulphur Cap regulations.In October 2020, the LPG carrier BW Gemini became the first very large gas carrier (VLGC) to have its low-speed main engine converted to an LPG dual-fuel engine. The project started several years earlier, sparked by Oslo-listed BW LPG’s preparations for the IMO’s 2020 Sulphur Cap regulations.Compared to heavy fuel oil, LPG reduces Sox emissions by approximately 97%…

A salvage team has refloated a charter fishing vessel that sank near California's Santa Cruz Island.Overseen by the U.S. Coast Guard and the California Office of Spill Prevention and Response (OSPR), the salvage operation included underwater assessment, refloating, stabilization and the safe transfer of the vessel to harbor. The operation was led by a seasoned salvage master and supported by a crew of four experienced salvage technicians and divers.Two dedicated recovery vessels equipped with lift bags, dewatering equipment and custom rigging were brought in to handle the vessel recovery.

The Norwegian government on Tuesday proposed opening its waters to deep-sea mining despite opposition from green campaigners and some countries, as it seeks to shift from a reliance on hydrocarbons to new sources of economic activity.Norway, whose vast oil and gas reserves made it one of the world's wealthiest countries, has taken a leading role in the global race to mine the ocean floor for metals that are in high demand as countries transition away from fossil fuels."We need minerals to succeed with the green transition…

The combined emissions of metals and other environmentally hazardous substances from ships is putting the marine environment at risk according to a new study from Chalmers University of Technology, Sweden.The researchers calculated the contaminant load from these emissions into the marine environment in four ports, and found that water discharged from ships’ scrubbers accounts for most of the contaminants.“The results speak for themselves. Stricter regulation of discharge water from scrubbers is crucial to reduce the deterioration of the marine environment…

Scientists warn that climate change is the greatest peril that humankind has ever faced. Yet oil and gas exploration is set to clock the highest growth for more than a decade this year and next. Protesters cause disruption but, for the moment, hydrocarbon energy underpins life as we know it“Offshore oil and gas production probably matters now more than ever,” said Audun Martinsen. The Rystad Energy Partner and Head of Energy Research told Maritime Reporter & Engineering News.“It…

Tankers delivering to ports in China's Shandong province are facing delays discharging their oil due to orders for tighter customs inspection checks after several Iranian cargoes were declared as diluted bitumen, traders said.Crude oil, unlike bitumen, is subject to strict import quotas and dozens of oil tankers were being inspected since last week, after customs authorities were given instructions in late March to step up checks. The delays at the terminals could cause further reductions in already low operating rates among the independent refiners in Shandong…

Biofuels provider GoodFuels announced the results of a new partnership with global certification organization Control Union and France’s IDS Group to test the effectiveness of a unique isotopic tracer for biofuels.A successful pilot, conducted during a recent delivery of 500 tonnes of biofuel to the Norden-owned tanker Nord Gardenia, has proven the effectiveness of the tracer technology in real-life applications.The partnership, which commenced in early 2022, has seen the companies collaborate to create the new tracer…

A Russian research vessel which has been prospecting for oil and natural gas in the Antarctic docked in South Africa on Saturday following protests by green campaigners who say its operations in the region violate a treaty banning mineral exploration.Several members of the Extinction Rebellion environmental group held banners reading "Hands off Antarctica" as the polar explorer ship Akademik Alexander Karpinsky arrived as scheduled in Cape Town's port during the morning.Earlier this week, several dozen protesters from Greenpeace and Extinction Rebellion demonstrated at the port, saying the ship's seismic surveys in the Antarctic were a threat to marine life in the area and violated a 1958 international agreement.A 1998 amendment to the 55-nation Antarctic Treaty…

The technology group Wärtsilä on Monday informed of recent orders for engines compliant with China’s stage II, or C2 emissions standard. This legislation entered into force in July 2021 and is applicable to vessels sailing on inland waters, in coastal areas, and in most rivers. It covers domestic bulk carriers, feeder containers, oil tankers, passenger Ro-Ro ferries and government vessels.“Wärtsilä is heavily focused on making the decarbonization of shipping a reality. China’s C2 legislation sets challenging limits on emissions of nitrous oxides, hydrocarbons, and particulate matter.

Spain has detained and fined a Maltese-flagged oil tanker it says discharged oil in open waters near the northeastern port city of Tarragona, a transport ministry department said.Spain's Mediterranean and Atlantic coastlines have become hubs for shipping activity including the transfer of oil known as ship-to-ship (STS) operations, which industry sources say are becoming an increasing safety concern.Spanish authorities said they had intercepted the Lagertha after a discharge of hydrocarbons was detected by aircraft sensors and satellite radar on Feb.