Energy Giant News

13 Nov 2019

Sinopec Builds 100 Barge VLSFO Fleet

Pic: Sinopec

Chinese energy giant China Petroleum & Chemical Corporation (Sinopec) is planning to build a fleet of 100 barges over the next three years as part of its mission to become a major regional supplier of the IMO 2020-compliant very low sulphur fuel oil (VLSFO).According to a report from Reuters, this would be one of the top Asian refiner’s biggest shipping investments, Sinopec hopes the fleet would serve its stated ambition to become a top regional supplier of VLSFO.The fleet would include new orders of 50 vessels of 8…

30 Oct 2019

Denmark OKs Nord Stream 2 Project

Connecting pipe sections above water. Photo:  © Nord Stream 2 / Axel Schmidt.

Denmark has granted permission for the Russian Nord Stream 2 natural gas pipeline to be constructed across Danish seabed in the Baltic Sea, leading to Germany.The Danish decision puts greater pressure on U.S. Congress to quickly pass a sanctions bill to halt the project before it is completed.The pipeline being constructed under the Baltic Sea by Russia's Gazprom energy giant is nearly complete, but had not previously been granted permission to cross Denmark's exclusive economic…

24 Oct 2019

Brazil to Lead in Global FPSO Deployments

Graphs: GlobalData

Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.Brazil is expected to deploy a total of 11 planned and ten announced FPSOs by 2025. The crude oil production capacity of these upcoming FPSOs is expected to be 2.5 million barrels per day (mmbd) during the outlook period. In Brazil, FPSOs are being deployed to develop hydrocarbons in the Santos and Campos basins.Brazilian state-controlled oil…

03 Oct 2019

Chevron Sets New Goals for Greenhouse Gas Reduction

Image: Chevron

American multinational energy giant Chevron Corporation unveils new goals to reduce oil production-related greenhouse gas (GHG) emissions by 5% to 10% over a seven-year period ending 2023 as part of an ongoing effort to combat global climate change.The GHG emission intensity reduction metrics apply to all upstream Chevron oil and natural gas, whether Chevron has operational control or not. Emission intensity is the emission rate of greenhouse gas per unit of energy produced.“Global demand for energy continues to grow…

28 Aug 2019

China Bank Supports Hoegh LNG for New FRSU

Image: Watson Farley & Williams LLP

Hoegh LNG on its first ever sale and leaseback deal with China Construction Bank Financial Leasing (CCBFL) for its tenth Floating Storage Regasification Unit (FSRU), the Hoegh Galleon, which was delivered yesterday (August 27) and has been taken back on charter by Hoegh LNG for twelve years.Following the completion of the transaction, Hoegh LNG is now fully funded with both equity and debt for its current newbuilding program, which will be completed with the delivery of Hoegh…

23 Aug 2019

Scandinavia's Largest Offshore Wind Farm Opens

From left to right: CEO of Vattenfall Magnus Hall, Chairman of Vattenfall Lars G. Nordström, HRH Crown Prince of Denmark, Danish Prime Minister Mette Frederiksen, Minister of Climate, Energy and Utilities Dan Jørgensen and pupils from Hvide Sande School. Photo: JESPER VOLDGAARD

European energy giant Vattenfall opened Scandinavia’s largest offshore wind farm, Horns Rev 3.The 49 wind turbines on the Horns Rev 3 also represent Vattenfall’s and Denmark’s largest offshore wind farm, which is located 25-40 kilometers off Denmark’s west coast in the North Sea.Yesterday (22 August 2019), Crown Prince of Denmark accompanied by Danish Prime Minister Mette Frederiksen and the Minister of Climate, Energy and Utilities Dan Jørgensen officially opened Denmark’s, Scandinavia’s…

31 Jul 2019

Repsol, Brittany Extend LNG Supply Deal

From left to right: Frédéric Pouget, Brittany Ferries’ Fleet and Operations Director - Eugenia Bertrand Alonso, Head of LNG Bunkering - Laura Rejón-Pérez, Repsol’s Wholesale & Gas Trading Director - Bertrand Crispils, LNG and Alternative Fuels Technical Manager - Nicolas Jobin, Legal & Insurance executive – legal dept. (Image file) Image: Brittany Ferries

French shipping company Spanish energy giant Repsol have reached an agreement for the extension of the supply of liquefied natural gas (LNG) to the ferry operator’s Spanish operations.Repsol will supply LNG to Brittany Ferries’ operations in Spain. Under the agreement, the energy company will build two LNG bunker terminals at the ports of Bilbao and Santander, where Brittany Ferries conducts its Spanish operations.Each terminal will include an intermediate storage tank of 1,000…

22 Jul 2019

SGRE Bags Largest U.S. OWP Order

6-MW Siemens Gamesa wind turbine. The same model will be installed at Coastal Virginia. (Photo: Business Wire)

The Spanish wind energy giant Siemens Gamesa Renewable Energy (SGRE) has received an order for 1,714 MW from Orsted and Eversource.Encompassing three offshore wind power projects, the signed conditional contract is the largest U.S. offshore wind power (OWP) order to date, it said in a press release.According to SGRE, the order encompasses the supply, delivery, and installation of SG 8.0-167 DD wind turbines including service agreements in federal waters off the northeastern coast of the U.S.

16 Jul 2019

IMO2020: The Rise of Bulk Liquid Hydrogen in Norway

Renderings of a bulk carrier for the transportation of liquefied hydrogen by Moss Maritime, Wilhelmsen Ship Management, Equinor, and DNV-GL. Photo credit: Moss Maritime.

Imagine a power distribution network where excess renewable energy from hydropower, wind, solar, and nuclear energy is converted to hydrogen and used as transportation fuel in the maritime industry. With the allure of a zero emissions fuel, a number of ship owners are starting to seriously consider hydrogen for newly built vessels. As a bold first step, the country of Norway has provided a number of grants to leading maritime companies to conduct feasibility studies into various aspects of this emerging technology sector.

10 Jul 2019

Total, IFPEN Join Forces to Cut Carbon

Photo: Total

The French Institute of Petroleum IFP Energies Nouvelles (IFPEN) and compatriot multinational integrated oil and gas company Total announced that they signed a strategic R&D partnership yesterday, that includes an agreement to endow a chair at the IFP School, on carbon capture, utilization and storage (CCUS) and technologies to curb CO2 emissions.According to a press note from the energy giant, the roughly EUR40 million partnership covers a period of five years.CCUS aims to reduce the cost of infrastructure and improve the CCUS chain’s energy efficiency to secure its large-scale deployment.

07 Jun 2019

Austria's OMV, Russia's Gazprom Sign Pact

Photo: OMV

Austrian integrated oil and gas company OMV and Russian energy giant Gazprom have signed a Memorandum of Understanding (MoU) for cooperation on Liquefied Natural Gas (LNG).The two companies had previously agreed that Gazprom will supply 1.2 billion cubic meters of LNG to OMV in 2020.On this basis, both partners have now agreed to continue the cooperation beyond the year 2020, including the sale and purchase of conventional and small-scale LNG cargo.In addition, both companies…

04 Jun 2019

Total Takes Over Toshiba's U.S. LNG Biz

Image:  Toshiba

French energy giant Total takes over the liquefied natural gas business of Japanese outfit Toshiba's Freeport LNG train tolling agreement and gains $800 million.The French oil and gas company will is paying $15 million for the shares in the Texan assets, the firms said. Toshiba will also pay Total $815 million to take over all the contracts linked to the business, Total added."It includes a 20-year tolling agreement for 2.2 million tonnes per annum (Mtpa) of LNG from Freeport LNG train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal.

28 May 2019

Russia Launches Nuclear-Powered Icebreaker

Pic: Rosatom

Russia's nuclear energy agency, Rosatom launched the nuclear-powered ice breaker Ural at the Baltic Shipyard in St. Petersburg."With the ceremonial launch of Ural, Russia’s nuclear energy giant, Rosatom, has completed another step towards ensuring all-year round navigability of the Northern Sea Route (NSR)," said a press release.The 173 metre-long ‘Ural’ is equipped with two highly efficient and compact RITM-200 nuclear reactors on board, capable of generating up to 350MW combined…

21 Jan 2019

Elengy Puts LNG Capacities on Sale

Image: Engie Group

Elengy, the main French LNG terminal operator, has announced that it is preparing the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021 – 2030, in the context of a dynamic liquified natural gas (LNG) market.The unit of the energy giant Engie said in a press release that within the sale process, Elengy will offer its potential customers several types of services, including the conventional unloading of Medmax-type LNG tankers (vessel with a capacity of 75…

07 Mar 2019

Mossel Bay Port Ready to Serve Total

Pics: Transnet National Ports Authority

South Africa’s smallest commercial port, the Port of Mossel Bay is well equipped to provide value following global energy giant Total’s significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres off the southern coast of South Africa, announced Transnet National Ports Authority (TNPA).The authority has dispelled criticism that it may not be ready to answer the call for capacity necessitated by the recent discovery…

18 Dec 2018

Indonesia Approves Eni’s Merakes Project

Image: Eni

Italian energy giant Eni announced that Indonesia has approved its investment plan for the Merakes project, located in the Kutei Basin, offshore East Kalimantan.Eni will now start work on developing the project, which will involve drilling and constructing subsea wells in water depths of 1,500 metres. These will be connected to the Jangkrik floating production unit 35 km northeast of the site.he gas production will be shipped to the Bontang LNG plant using also all the other existing facilities of Jangkrik field as well as the East Kalimantan transportation network.

11 Apr 2019

Total, Exxon Sign for Papua New Guinea LNG Project

Map: Total

French energy giant Total and its partners ExxonMobil and Oil Search have signed the Gas Agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project.The Papua LNG project Gas Agreement allows the partners to enter the Front-End Engineering Design (FEED) phase of study that will lead to the Final Investment Decision in 2020.“The finalization of the Gas Agreement is a major milestone for Papua LNG project that confirms the commitment of all partners and the Government of Papua New Guinea to make the project a success for all stakeholders”…

23 Nov 2018

BP: First Oil Production at Clair Ridge

(Photo: BP)

Energy giant BP has taken its first oil from the Clair Ridge mega-project in the U.K. North Sea in a “major milestone” that is the culmination of many years of work.Clair Ridge, the second phase of the development of the Clair Field, 75 kilometers west of Shetland, is one of the biggest developments in the history of the basin, requiring huge investments in new platforms and pipelines in harsh waters west of Shetland.Clair Ridge is BP’s sixth major project start-up in 2018 following seven last year, which are expected to increase the company’s production by 900K boe/day by 2021.

07 Dec 2018

NYK Line Signs TC for Two LNG Carriers with Total

Pic: NYK Line

Japanese shipping giant NYK has signed a long-term contract with a unit of French energy giant Total to charter two liquefied natural gas (LNG) carriers.According to the contract, Total Gas & Power Chartering Ltd (TGPCL) will charter from NYK two newly built liquefied natural gas (LNG) carriers that will be built by Samsung Heavy Industries Co. Ltd. in Korea and scheduled for delivery in 2021.The two LNG carriers will be equipped with a WinGD-made dual-fuel slow-speed diesel engine (i.e.…

10 Dec 2018

Scientist Pool Data to Create the $3B Ocean Map

© peteri/Adobe Stock

For experts in the field of ocean mapping it is no small irony that we know more about the surfaces of the Moon and Mars than we do about our planet's sea floor."Can you imagine operating on the land without a map, or doing anything without a map?" asked Larry Mayer, director of the U.S.-based Center for Coastal and Ocean Mapping, a research body that trains hydrographers and develops tools for mapping."We depend on having that knowledge of what's around us - and the same is true for the ocean…

21 Feb 2019

Elengy's Fos Tonkin LNG Capacity for Sale

Aerial photography of Fos Tonkin terminal. Photo: Elengy

French liquified natural gas (LNG) terminal operator Elengy, a unit of the energy giant Engie, is preparing the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021-2030.Within the sale process, Elengy will offer its potential customers several types of services, including the conventional unloading of Medmax-type LNG tankers (vessel with a capacity of 75,000m3 of LNG), the reloading of micro-tankers for LNG bunkering needs, as well as the LNG trucks loading.Compared to currently-used shipping fuels…

17 Apr 2019

A New York State of Mind

New York Bight call areas.  "Call" is a short-hand term referring to calls for proposals or calls for interest in an area. (Image: BOEM)

“A new industry is being established in New York, with the primary stimulus being a state-driven procurement process.”New York State Public Service Commission (PSC), July 12, 2018.To a great extent, this PSC comment provides direct insight into the dynamics behind New York’s pace-setting moves to establish offshore wind. First, this new energy development is deliberate – not left to chance or laissez faire markets. Second, state officials are in control, from choosing a contractor to securing money for payment.

23 Apr 2019

Samsung Wins $963mln FPSO Contract

Geoje Shipyard. Photo: Samsung Heavy Industries

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit on the condition that the client receives approval from its partner and government.The contract worth KRW 1.1 trillion (US$963 million) has been signed with an unnamed Asian shipowner, said a report in Yonhap. The FPSO will be constructed at its main shipyard in Geoje, some 330 kilometers south of Seoul, the company said in a regulatory filing.Although Samsung Heavy didn't announce the name of the Asian customer…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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