Marine Link
Tuesday, November 21, 2017

Energy Markets News

McQuilling Appoints Neumiller

McQuilling Services has Chris Neumiller to its consulting team. Neumille joins McQuilling Services as Senior Energy / Shipping Advisor, bringing a deeper knowledge of energy markets to the group. Previously, Neumiller focused on residual products and bunker market developments in the downstream department at JBC Energy based in Vienna, Austria. This position required monitoring refinery economics, trade balances, inventories and the impact of environmental regulations. Prior to the energy market, Neumiller worked internationally in business development and professional training.  

Weaker LNG Tankship Spot Market Anticipated

The tanker market is in the midst of a supply surge ahead of new liquefaction from next year. Until new supply begins to roll out from 2H 2014 from Australia and Papua New Guinea, we should expect a much weaker market for spot tankers, says Pira's weekly 'Energy Market Recap'. But what should happen in LNG shipping often does not. After probably the weakest year in modern LNG shipbuilding history, in which a single vessel was delivered in 2012 (boosting rates to never seen before highs last year, combined with nuclear outages in Japan), some 10 vessels have been delivered through September and 13 more are on the books for 4Q 2013, which should have a mitigating effect on relatively high LNG spot charter day rates.

Chinese Shipbuilder Wins Award for Largest Heavy Lifting Vessel

Shanghai Zhenhua Heavy Industries Company has built the largest heavy lifting vessel in the world which can carry up to 12,000 tons. The vessel, which took eight years to design and build, was awarded a special prize at the 19th China International Industry Fair in Shanghai. Seen as a symbol of China's growing engineering prowess in ocean technologies, the Zhenhua 30 was previously tested in front of representatives from ABS class society, domestic and international clients and the Chinese and Korean government. In these tests, the single boom crane was able to life 7,700 tons in revolving mode and 13,200 tons when tied back. The vessel has a 12 knot transit speed and can provide accomodation for 380 people.

Qatar Tells US It Will Maintain Stable LNG Exports

Qatar's finance minister told U.S. Treasury Secretary Steven Mnuchin during a trip to Washington last week that Qatar was committed to maintaining stability around its exports of liquefied natural gas to the global energy market, according to a statement by Qatar's government communication office. "They discussed Qatar’s efforts to counter terror financing ... and Qatar’s commitment to maintaining stability around its exports to the global energy market," the statement said. Saudi-led sanctions imposed two weeks ago on Qatar, the world largest exporter of LNG, have raised concerns about the Gulf state's energy output but officials have said Qatar's LNG exports have not been affected.     (Reporting by Tom Finn)

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: customer.service.usa@cejn.com. Registration is required, and seating is limited.

Oceanteam Offshore Vessels Fully Employed in Q1 2013

CSV North Ocean: Photo courtesy of Oceanteam Shipping

Oceanteam also says it continued its investment program in 2.000 / 4.000-ton modular carousel systems. Oceanteam Shipping sees strong market activity in both the Offshore Oil and Gas as well as the Renewable Energy Market for certain regions and the management expects this trend to continue. Oceanteam Shipping is confident, and has secured sufficient projects in both the Offshore Oil and Gas and the Renewable Energy Markets to maintain a high level of utilization of its assets and engineers.

Saint-Gobain Announces Renewable Energy Initiatives

CSP parabolic troughs reflect sunlight onto a central tube, heating the fluid within to make steam for electricity generation.

An early glimpse into the 2013 Annual Energy Outlook from the U.S. Energy Information Administration reveals that increased generation from renewable energy is expected to account for 32% of the overall domestic growth in electricity generation from 2011 to 2040. With this insight and reports of global growth forecasts in renewable energy from both financial and market analysts in mind, Saint-Gobain Performance Plastics today announced its initiatives for composite bearings applications in renewable energy markets.

DONG Energy Chooses Esvagt Castor for Hornsea One

The 'Esvagt Castor’ will work as standby vessel and man overboard rescue vessel during the building of the offshore wind farm Hornsea 1. Photo:  ESVAGT

DONG Energy has chosen Esvagt as partner in establishing the first offshore wind farm to break the 1 gigawatt barrier; the 1,200 mW offshore wind farm, Hornsea 1, off Grimsby in the UK sector of the North Sea. The 'Esvagt Castor’ will work as standby vessel and man overboard rescue vessel during the building of the offshore wind farm, which currently consists of a meteorological mast and half a dozen buoys and which, in 2020, will supply CO2 neutral power to around 850,000 homes.

Britain Loses Europe's Gas Trading Crown to the Dutch

Photo: Gasunie

Britain has been topped by the Netherlands as Europe's leading natural gas trading hub this summer, ending decades of British dominance in the sector. Britain has reigned as Europe's busiest gas trading centre since discoveries of North Sea oil and gas in the 1970s made it Europe's main producer. It cemented this position in the 1990s when it liberalised its energy markets, meaning much of Britain's gas was sold and exported in pounds. However, continental Europe's markets have also liberalised in recent years…

Wärtsilä Executive Elected EUGINE President

Kari Hietanen: Photo Wärtsilä

Wärtsilä Corporation inform that Kari Hietanen, Executive Vice President at Wärtsilä Corporation, has been appointed President of the European Engine Power Plants Association (EUGINE). This is a newly established association of European manufacturers of engine power plants. Wärtsilä explains that there are 14 founding corporate members in the association, which acts as the voice of the industry in regulatory and policy matters relating to energy. The objective of EUGINE is to accelerate the acceptance of engine power plant technology as an essential and value adding energy source in Europe.

NuBlu: LNG Fueling Station in the GOM

NuBlu Energy has begun the construction of a natural gas liquefaction plant in Port Allen, LA, strategically located along the Mississippi River. NuBlu’s facility will support the region’s high-horsepower fueling applications such as rail, marine, long haul transportation, power generation, gas interruption, asphalt and other energy markets. The facility is slated to be operational and producing high-quality liquefied natural gas (LNG) in the second quarter of 2017. Total planned capacity of the facility is 90,000 gallons per day with an initial start-up capacity of 30,000 GPD. “This project represents the inauguration of a new direction for the LNG energy market.

Cosalt, APRO Joint Venture in Renewables

Photo courtesy Wray Communications Limited

Cosalt, provider of safety equipment for the marine, industrial and offshore markets, has signed a new joint venture agreement with Danish company APRO, an engineering services business with many years experience in the wind energy market. The partnership is designed to take advantage of the major growth expected in UK offshore wind energy. Cosalt recently set up a dedicated Renewable Energy division to supply inspection and testing services plus marine safety, lifting equipment, tooling and height safety products to the renewables sector, particularly offshore wind farms.

Europe & China Offshore Wind Power Report Available

A new report looks at opportunities in the developing Sino-European offshore wind energy market. Offshore wind is the means of a reliable, intensive and abundant renewable energy. This relatively new source of electricity generation, which is capable to meet much of the populated coastal areas need for power around the world, has been also stimulating the development of marine economies with thousands of new jobs. Recently, offshore wind power has been widely viewed as a feasible way to transform economies from oil reliance to sustainable growth not only to meet government obligations in cutting emissions, but to provide the fundament for a new economic sector.

Unconventional Gas: Strong Growth in Drilling & Production Forecast

Chart: Production Excluding America

Douglas-Westwood has published the first edition of its Unconventional Gas: World Production & Drilling Forecast – a study which details the multi-billion dollar opportunities in this rapidly developing energy sector through to 2020. Andrew Reid, CEO, commented, “Douglas-Westwood forecast strong and continual development in the unconventional gas sector in Europe and Asia-Pacific, following the success of the now well established shale gas  sector in North America.” Reid continued…

AWS Presents Energy Welding Conference

American Welding Society will host a cponference featuring a panel of welding industry experts will address the latest developments in welding technology from the expanding energy markets February 5-6, 2014 in New Orleans. The demand for new and improved welding technology from the expanding energy markets are starting to pay off in the development of superior hybrid welding processes, new filler metals, and hosts of cladding procedures. The technologies are showing up in nuclear power plants…

Frosch - Marine & Offshore Specialty Team

FROSCH, a Travel Management Company in the US, with dual headquarters in Houston and New York, has recently created and hired a Marine and Offshore Specialty Team with a combined 100 years of experience in crew rotation management (Led by Managing Director and Industry Veteran – Gina Crawford). Through the combination of the FROSCH Corporate and Offshore Teams, we are offering a centralized solution to travel management for the energy market.   Source: Frosch

Kongsberg to Offer Rental AUVs

Photo: Kongsberg

Kongsberg Maritime Ltd announced at Ocean Business 2013 that it will add a number of Autonomous Underwater Vehicles (AUV) to its rental pool during 2013 and 2014. The addition of AUV capability will further enhance the existing portfolio of Kongsberg Maritime Ltd rental equipment, which supports customers within the offshore oil and gas, environmental and renewable energy markets. Other leading Kongsberg products available via the rental service include acoustic positioning systems and transponders, multibeam echosounders and DP reference sensors. www.km.kongsberg.com

Enbridge Licensed to Re-export Oil from US

Enbridge Inc. on Friday confirmed its subsidiary Tidal Energy Marketing has obtained a license from the U.S. government to re-export Canadian oil from U.S. shores. The company said the license will allow it to export "limited quantities" of Canadian oil from the United States. It declined to provide details on the volumes of oil or the destination countries, saying that is commercially sensitive information. (Reporting by Selam Gebrekidan; Editing by Steve Orlofsky)

Norway's Scana Energy Call on Consultants

Scana Industries ASA engage consultants to evaluate strategies for Scana Energy's further growth and international development. Scana Industries ASA has engaged Bridgehead AS and its Swedish partner Avantus Corporate Finance AB, to assist in assessing various strategies for the business unit Scana Energy's further growth and international development. Scana Energy, is the Scana Group's largest business area with a turnover from 800 million to 1500 million SEK in recent years. Scana has in recent years invested heavily in Scana Energy to develop the companies and to offer advanced products of high quality for the global energy sector's various growth segments, particularly the oil and gas industry.

Mexico's Senate OKs Bills Expanding Power of Energy Regulators

Mexico's Senate gave general approval on Monday to legislation laying out expanded powers for energy regulators, part of the fine print needed to implement a constitutional reform that overhauls the oil, gas and electricity sectors. Senators must still debate reservations to the regulatory legislation, which is likely to last into the night. The legislation forms part of the so-called secondary laws needed to flesh out the opening of the energy market, which is the centerpiece of the government's reform agenda. Once the reservations have been voted on in the Senate, the focus will move to the lower house of Congress, which is already debating the secondary laws passed by the upper chamber.

Cummins, Wärtsilä Join to Provide Full Service Distributed Energy Solutions

Cummins Power Generation Americas and Wärtsilä NSD North America, Inc. have formed a joint venture, Combined Energy Systems, to provide natural gas and light fuel oil fired distributed energy solutions and services to the North American energy market. It is estimated the U.S. share of the market is $6 billion. Combined Energy Systems will be headquartered in Annapolis, Md. Mark S. Schroeder, general manager, power plants, Wärtsilä NSD North America, Inc., has been named general manager of the new organization. The 31 North American Cummins distributors will be the exclusive sales channel for the Cummins Onan, Cummins Wärtsilä and Wärtsilä NSD equipment and services offered by Combined Energy Systems.

Finland's 1st LNG Terminal Opens

Image: Gasum Oy

Finland’s first liquefied natural gas (LNG) import terminal at Pori on the west coast was officially opened, says Gasum. Deliveries of LNG to customers began on the same day, the company said in its statement. It enables LNG deliveries to industrial, maritime and heavy-duty road transport customers outside the gas pipeline network and diversifies the Finnish energy market. Access to LNG in Finland will improve considerably following the opening of the terminal. This is an important…

Shell CEO: US Should Export Oil, Embrace Global Markets

The head of energy company Royal Dutch Shell said on Tuesday that U.S. policymakers should lift the crude oil export ban because allowing the shipments would make global energy system more stable. "Policy makers here in the U.S. should embrace a truly liberalized diverse and global energy market," Shell CEO Ben van Beurden told a conference on energy at Columbia University. U.S. oil and natural gas exports "would reinforce the long term future of North American energy production," significantly improve the U.S. balance of trade, and "help to make the global energy system much more stable," he said. The United States has banned oil exports since the 1970s Arab oil embargo…

Maritime Reporter Magazine Cover Nov 2017 - The 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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