Svitzer Bags FSRU Support Contract in Bangladesh
Svitzer will provide marine support services for the Excelerate Energy FSRU at Bangladesh’s first liquefied natural gas (LNG) import terminal. Excelerate Energy Bangladesh Limited awarded Svitzer the 15-year contract following a competitive tender process. The contract also includes a five-year option. Bangladesh’s first LNG import terminal, located offshore Moheshkhali Island in the Bay of Bengal, will enable Petrobangla, the state owned energy company, to increase natural gas supply in the country by up to 20 percent, sufficient to support up to 3,000 MW of power generation capacity. The construction of the terminal will commence in the fourth quarter of 2017 and is anticipated to be in service by mid- 2018.
SolstadFarstad Wins Australian Contract
Norway’s offshore vessel provider SolstadFarstad has secured a contract with Australian energy company Cooper Energy to support drilling operations within the Bass Strait region of Australia. The contract consists of the two anchor handling tug and supply vessels - Far Statesman and Far Senator - towing the Ocean Monarch from the North West Shelf of Australia to the Bass Strait, and then continuing with rig support duties for a firm period of 120 days, and two lots of 60-day optional periods. Both vessels are of a UT 731 CD design built in 2013.
Virgina Offshore Wind Project Moves Forward
An offshore wind project in the U.S. mid-Atlantic is moving forward, as project owner Dominion Energy Virginia has signed an agreement and strategic partnership with DONG Energy to build two 6-megawatt turbines 27 miles off the coast of Virginia Beach. The two companies will now begin refining agreements for engineering, procurement and construction. Dominion Energy remains the sole owner of the project. Engineering and development work on the newly named Coastal Virginia Offshore…
Six Countries Vie for US$2 Bln Philippines LNG Hub
State-run Philippine National Oil Company (PNOC) has shortlisted six countries and will choose one from them as a partner for its planned US$2 billion receiving and distribution facility for imported LNG, Reuters reported. The company has received six proposals from China, Indonesia, Japan, Singapore, South Korea and the United Arab Emirates (UAE) to co-build the LNG hub, PNOC’s head of LNG team and technical adviser Arwin Ardon quoted as saying. He said all proposals include storage, liquefaction, regassification, a power plant, and distribution facility as part of the LNG terminal.
Andreassen Joins PBES to Develop Energy Storage Markets
Norwegian energy storage company Plan B Energy Storage (PBES) announced Arnstein Andreassen has joined the firm to develop marine energy storage markets. Andreassen brings decades of experience in power generation and propulsion. In his previous positions, both in Naval and commercial business, Andreassen worked with power generation and propulsion systems in the marine space. Andreassen comes to PBES from Bertel O. Steen Teknikk AS (Bostek), where he is responsible for sales of commercial marine generator sets.
IFC, Excelerate Secure Finance for Bangladesh First LNG Terminal
IFC, a member of the World Bank Group, and Excelerate Energy Bangladesh Limited (Excelerate) are co-developing the Moheshkhali Floating LNG project – Bangladesh's first liquefied natural gas (LNG) import terminal. The project will be located offshore Moheshkhali island in the Bay of Bengal with a project cost of $179.5 million. IFC and Excelerate announced securing the debt financing for the project to help expand access to clean energy in Bangladesh. Bangladesh's first LNG import terminal will enable Petrobangla…
First Floating Mega Island Tested
MARIN (Maritime Research Institute) tested an innovative concept for a floating mega island. The island comprises 87 large floating triangles that are flexibility connected to one another. Together they form a flexible floating island that can be as large as 1 to 5 km in cross-section. Olaf Waals, project manager and the concept developer: “As sea level rises, cities become overcrowded and more activities are carried out at sea, raising the dikes and reclaiming land from the seas are perhaps no longer an effective solution. • Building houses and recreation close to the water.
Drilling in Disputed South China Sea may Resume
Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December. The Philippines suspended exploration at the Reed Bank, which it calls Recto Bank, in late 2014, as it pursued international arbitration over territorial disputes. The bank is in waters claimed by China. Ismael Ocampo, director at the Department of Energy's Resource Development Bureau, told reporters the agency expected the suspension to be lifted in December. He said a directive from the Department of Foreign Affairs directing the Department of Energy to resume oil and gas exploration in the South China Sea was already in the works.
Trump Administration Approves Eni Plan to Drill Offshore Alaska
Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015 after the Trump administration this week approved a drilling plan on leases the company has been sitting on for 10 years. The approval is conditional on Eni getting other state and federal permits, which in past cases are generally granted once BOEM gives the green light. "We know there are vast oil and gas resources under the Beaufort Sea, and we look forward to working with Eni in their efforts to tap into this energy potential," said BOEM's acting Director Walter Cruickshank.
CEJN to Host Energy Market-Hydraulics Symposium
CEJN, a producer of quick connect high-pressure hydraulics products, will host a complimentary informative, educational event focused on ultra high-pressure hydraulics and the energy market on August 23-24, 2017 in Houston. For more information and to register, visit www.cejn.us/Symposium; contact by phone: 1-847-263-7200 or by email: firstname.lastname@example.org. Registration is required, and seating is limited.
Russian Think Tank: Oil Exports to Decline in 2017
A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise. Vygon Consulting said in a presentation to reporters that oil exports this year are seen declining by 0.7 percent to 252.5 million tonnes (5.1 million barrels per day) from around 255 million tonnes in 2016, a record high. The Energy Ministry forecasts Russian crude oil exports this year at 257 million tonnes.
The Strong and Silent Type
Mapping and shaping the growth of marine hybrid means many things to different stakeholders. The journey leads us all to the same place. If you follow the advancements in automotive design, the term or tag “hybrid” has come to define the alternative energy movement on our roads and highways. HEV autos have moved past Ford and GM in Detroit and into the hands of contemporary entrepreneurs and inventors the likes of Tesla’s Evan Musk or Dr. Victor Wouk. BMW, Ferrari, Bentley and…
Nakilat, Höegh LNG Ink MoU on FSRU project
Nakilat signed a Memorandum of Understanding (MoU) with Höegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business as part of its diversification strategy for opportunities and solutions to delivering LNG to the global markets, with FSRU being a leading-edge technology for the liquefied natural gas (LNG) market. Essentially a floating LNG import terminal, this technology has become a strategic solution for countries without LNG receiving terminal infrastructure, enabling better accessibility of clean energy.
Deltamarin Wins Contract for Viking Line Newbuild
Deltamarin Ltd said it has signed contracts with Chinese shipbuilder Xiamen Shipbuilding Industry Co., Ltd (XSI) for engineering and construction support services for the Viking Line Liquefied natural gas (LNG) fuelled ro-pax vessel newbuilding. The contracts cover basic and detail design as well as comprehensive project management support and supervision services to the shipyard during vessel construction. The new ro-pax vessel for Viking Line will have a passenger capacity of 2,800 people, and the length of its cargo lanes will be 1,500 meters.
Wartsila Order Intake Beats Forecast as Marine Market Revives
Finnish ship technology and power plant maker Wartsila reported on Thursday a bigger-than-expected rise in quarterly order intake, saying the market demand had improved for its marine solution business. * Bookings of new orders in the second quarter increased 14 percent from a year earlier to 1.36 billion euros ($1.57 billion), beating analysts' average expectation of 1.22 billion in a Reuters poll. * Adjusted operating profit rose 3 percent from a year ago to 126 million euros, roughly in line with the market consensus.
Odd Lundberg Chooses Rapp Marine Winches
Rapp Marine said it has received a new order from Odd Lundberg As, marking the third generation of owners from the shipping company who have selected its deck machinery. “This is the first time the shipping company has selected a high-tech electrical solution,” confirms Morten Stenkjær, VP Sales at Rapp Marine AS. “The owner’s new pride is a combined ring-net and pelagic trawler and will be equipped with a complete electric deck machinery solution from Rapp Marine. Mats Lundberg…
Global LNG Deals Set Bullish Tone as Peru Export Halt Tightens Market
Asian spot LNG prices stepped higher this week, shrugging off months of weakness, as Royal Dutch Shell replaced lost output from its Peru plant via spot markets and as a flurry of higher-priced deals surprised traders. Peru's liquefaction plant suspended loadings for several weeks without explanation, exerting strain on Shell, which is the sole exporter of Peruvian LNG and was forced to pick up replacement supply on spot markets. "Shell doesn't want to be exposed so they've been covering their positions…
US to be World's Biggest LNG Exporter by 2022
The International Energy Agency predicted that the US will become the world's No. 2 exporter of liquefied natural gas by the end of 2022 with a capacity of 3.7 trillion cubic feet per year, second only to Australia. The U.S. is already the world's largest producer of natural gas. The agency says more than half of the natural gas produced in the US will be converted to LNG for export. A Reuters report said that global LNG export capacity would reach 650 billion cubic meters (bcm) a year by the end of 2022, compared to less than 452 bcm a year in 2016.
Low-Carbon Shipping Alliance Gains Momentum
Days after the announcement by International Maritime Organization (IMO) of the Global Industry Alliance (GIA), another commercial company has joined the initiative to help shipping and related industries transition towards a low-carbon future. The Grimaldi Group, a global shipping and logistics company, has become the 14th company to join the GIA, a public-private partnership initiative in which 'industry champions' from various sectors of the industry come together to tackle the challenges of decarbonizing the shipping sector.
E.R. Schiffahrt to Manage 3 More Maersk Ships
Hamburg-based ship manager E.R. Schiffahrt informs it has been appointed by Maersk Line to manage three further vessels. With this new mandate, E.R. Schiffahrt increases the managed fleet for the world’s largest liner company from six to nine. The new contract comprises the management of three 8,400 teu containerships and includes the crew and technical management, as well as additional services relating to safety/security, environmental protection and energy efficiency. The 11-year-old container vessels will be bare boat chartered by Maersk and continue to be trading as Maersk Saigon, Maersk Stralsund and Maersk Seoul. The ship management service began July 13, 2017.
Bureau Veritas Rules Support Hybrid Power and ESS
Bureau Veritas has issued a new chapter in its rules providing a framework for electric and hybrid power solutions. The new class notations include power management (PM), power back-up (PB) and zero emission (ZE) standards. It is expected that the notations will encourage wider uptake of energy storage systems (ESS) to provide both operational and environmental benefits. Martial Claudepierre, Business Development Manager, Bureau Veritas, said, “Industry uptake of hybrid and battery technology has been driven by environmental regulation.
The Impact of Future Global Tides on Energy
The first comprehensive study of the impact of global sea-level rise on tides has implications for future coastal flood risk, harbour management, and the long term planning of tidal energy sites. This research, published in Continental Shelf Research by scientists at the National Oceanography Centre (NOC), University of Southampton and Deltares, shows that sea-level rise can significantly alter tides across the world in many different ways in both space and time. The change will be most pronounced in shelf seas on the east coast of the Americas…
Energy Action Month Reinforces Navy's Energy Resiliency
Through a presidential proclamation, October has been designated as Energy Action Month to stress the importance of energy for our nation's economic vitality today and for a sustainable future. The Department of Navy's Energy Action Month theme for 2016 is "Power. Presence." This theme illustrates the strong connection between the Navy and Marine Corps' wise use of energy and our ability to be when and where we're needed for national security and humanitarian assistance missions worldwide.