Energy Needs News

12 Feb 2020

Schlumberger Intros Egypt Upstream Gateway

Image: Schlumberger

The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen.The Egypt Upstream Gateway will also be a platform to promote Egypt's exploration and production potential worldwide.The Egypt Upstream Gateway will leverage the GAIA digital subsurface platform and provide additional…

11 Feb 2020

Shell, Qatargas Sign LNG Deal for Kuwait

Image: Qatargas

The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tons per annum of LNG to Kuwait, commencing this year.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs said, “We are pleased to announce this new long term agreement between Qatargas and Shell for the supply of LNG to the State of Kuwait, following the recent agreement signed between Qatar Petroleum and Kuwait Petroleum Corporation.

06 Jan 2020

Kuwait Signs 15-yr LNG Gas Deal with Qatar

Image: Qatar Petroleum

State-owned Kuwait Petroleum Corp signed a 15-year agreement with Qatar Petroleum to import three million tonnes of liquefied natural gas (LNG) each year starting from 2022.The agreement was signed by Dr. Khaled A. Al-Fadhel, the Minister of Oil and the Minister of Electricity & Water, the Chairman of the Board of Kuwait Petroleum Corporation and His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, during a special ceremony held in Kuwait City.Under the 15-year agreement…

31 Oct 2019

IRENA: Shipping Industry Must Cut Emissions

Pic: International Renewable Energy Agency (IRENA)

The International Renewable Energy Agency (IRENA) highlighted the importance of reducing shipping emissions and following the path towards a carbon-zero industry, in line with International Maritime Organization (IMO)’s sustainability targets.IRENA said that immediate action is required if the global shipping industry is to meet a target of halving its carbon emissions by the middle of the century.With heavy fuel oil covering 82 per cent of the sector’s energy needs, decarbonizing global shipping will play a critical role in achieving climate objectives…

16 Oct 2019

U.S. Great Lakes Ports on Pace to Beat 2018 Volumes

Photo: Chamber of Marine Commerce

U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum and wind energy components.“U.S. Great Lakes ports are reporting cargo growth as they support the region’s construction activity and energy needs and help our cities prepare for the winter ahead,” said Bruce Burrows, President of the Chamber of Marine Commerce. “Iron ore exports from Minnesota to Japan and China via the St. Lawrence Seaway are also continuing.”Overall, St.

20 Sep 2019

Vitol, ENH Form LNG Trading JV

Image: Vitol

Commodity trading company Vitol and the Mozambican state-owned oil and gas company ENH have formed ENH Energy Trading, a partnership focused on trading oil products.The Dutch energy and commodity trading company said in a press note that ENH Energy Trading will initially be owned 51% by ENH and 49% by Vitol. It is anticipated ENH’s share will increase over time.ENH Energy Trading will focus on energy commodities, in particular LNG, LPG and condensate, enabling ENH to create additional…

04 Sep 2019

India's H-Energy, Novatek Ink LNG Pact

Photo: H-Energy

India's H-Energy Global signed an agreement to buy liquefied natural gas (LNG) from Russian gas producer Novatek on a long-term contract as it looks to meeting energy needs of Asia's third-largest economy.The MOU envisages cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of Novatek, as well as establishing a joint venture to market LNG and natural gas from Novatek’s portfolio to end-customers in India, Bangladesh and other markets.“India is one of the largest and fastest growing LNG markets, and will be one of the

14 Aug 2019

Iberdrola Sells Stake in East Anglia One to GIG

Image: Iberdrola

Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder, with 60% of this offshore wind farm, which will be one of the largest in the world when it enters into operation.According to transaction terms and conditions the entire value of EAO amounts to £4.1 billion and when the wind farm is operational in 2020…

29 Jul 2019

Ferrybridge Demolished for Beatrice OWF

Image: SSE

The iconic former coal-fired Ferrybridge Power Station in West Yorkshire has been demolished, before the official opening of Beatrice Offshore Wind Farm in the Moray Firth.A press release from the UK-listed energy company SSE said that the world’s fourth-largest offshore wind farm will be officially opened by HRH The Prince Charles, The Duke of Rothesay, today (Monday July 29)Situated 13km off the Caithness coast, the 84 turbines will generate 588MW of renewable energy – enough to power 450…

26 Jul 2019

MAN Mulls Liquid Hydrogen Storage

Pic: MAN Energy Solutions

German-based power generator MAN Energy Solutions is joining a partnership aimed at expanding hydrogen storage systems based on the Liquid Organic Hydrogen Carrier (LOHC) technology.MAN has signed on to a cooperative agreement with Hydrogenious LOHC Technologies and Frames Group B.V. Together they will design and build large-scale hydrogen storage systems.Developed by Hydrogenious the LOHC technology uses heat transfer oil as a carrier for hydrogen, thus allowing it to be stored under ambient conditions.

16 Jul 2019

Qatar Ships 3,000th LNG Cargo To Japan

Pic: Qatargas

Qatari liquefied natural gas (LNG) company Qatargas has set another milestone as it successfully delivered the 3,000th LNG cargo to Japan.The cargo was transported onboard Al Jasra, a conventional LNG vessel with a capacity of 135,000 cubic meters. The cargo was delivered to the Kawagoe LNG Receiving Terminal, owned and operated by JERA. The first ever Qatari shipment was delivered to Kawagoe LNG Receiving Terminal on 10th January 1997.Commenting on this achievement, Saad Sherida Al-Kaabi…

11 Jun 2019

Irish Marine Industry Shows Buoyancy

Image: PwC.

Over eight out of ten leading voices in Ireland’s marine industry are confident about the future growth potential for Ireland’s marine economy, according to a PwC and the Irish Marine Institute joint survey.The research reveals a number of interesting points that are on the minds of leaders in the marine industry, including the use of offshore technology to further develop wind energy, the fact that sustainability is high on their agenda, that regulation and licensing are proving challenging…

02 May 2019

First S-to-S LNG Transfer in Singapore

Pic: SLNG Corporation

Singapore's state-owned Pavilion Energy has performed the first commercial ship-to-ship LNG bunkering in the Port of Singapore.The operation, the first of such in Singapore, comprised a reload of 2,000m3 of LNG onto a small-scale tanker at the newly-modified Secondary Jetty of the Singapore LNG (SLNG) Terminal, followed by a ship-to-ship transfer to the receiving heavy-lift commercial vessel.“Pavilion Energy’s first commercial ship-to-ship LNG bunkering operations in Singapore…

29 Apr 2019

Van Oord Completes Belgium’s Largest Offshore Wind Farm

Offshore installation vessel Aeolus. Photo: Van Oord

Dutch maritime contracting company Royal Van Oord successfully  installed the last of the in total 44 wind turbines of the Norther offshore wind farm.Achieving this milestone and already delivering renewable energy makes an important contribution to the energy transition, said a press release from Van Oord.Van Oord was contracted as main contractor. The entire scope, from cable installation and burial, installation of the Offshore High Voltage Station (OHVS) to turbine installation…

23 Apr 2019

World Navies: Taiwan develops indigenous combat capabilities

ROCS Yueh Fei (PFG-1106) is one of the ROCN’s surface combatants.  It was built in Taiwan to the U.S. Navy’s Oliver Hazard Perry guided missile frigate design. (ROCN photo)

Navies operate on a spectrum between deterrence and defense, to include offensive operation, support of foreign policy, and power projection to civil affair and humanitarian assistance and disaster response. Many have constabulary responsibilities, and it could be argued that, with the exception of the largest navies, most are more like a coast guard than a military force in their normal responsibilities.Every Navy is different. Yes, they all share similar challenges of acquisition…

23 Apr 2019

ExxonMobil, Zhejiang Energy Ink LNG Pact

Image: ExxonMobil

US-based ExxonMobil Corp announced a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas supply on Monday, under which Zhejiang Energy is expected to receive 1 million metric tons of LNG annually over 20 years.ExxonMobil said that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. Under the agreement, Zhejiang Energy is expected to receive 1 million metric tons per annum…

02 Apr 2019

Sempra Gets Okay for LNG Export in Mexico

Pic: Sempra Energy

San Diego utility company Sempra Energy Sempra Energy said that its subsidiary Energía Costa Azul (ECA) LNG received two authorizations from the US Department of Energy (DOE) to export US produced natural gas to Mexico and to re-export LNG to countries that do not have a free-trade agreement (non-FTA) with the US.Permission to export to non-free trade agreement nations such as China, Japan and South Korea is desirable status to LNG exporters because due to higher natural gas prices in East Asia.

28 Feb 2019

Global LNG Demand to Rise by 35mt in 2019

Pic: Shell Global

Global liquefied natural gas (LNG) supply is set to rise by 35 million tons (mt) in 2019, Trend reports with reference to forecasts of Royal Dutch Shell. Acording to Shell’s latest annual LNG Outlook, Europe and Asia are expected to absorb all this additional supply.Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tons to 319 million tons, according to Shell’s latest annual LNG Outlook. Shell expects demand to reach about 384 million tons in 2020.

10 Jan 2019

Shell Acquires 26% Stake in Hazira LNG

File Image: Hazira LNG and Port

Royal Dutch Shell announced that it has completed the acquisition of French oil major Total SA's 26 percent stake in the company that operates 5 million tonnes per annum-Hazira LNG terminal in Gujarat, India."Shell Gas, a subsidiary of Royal Dutch Shell plc, acquired 26% equity interest in the Hazira LNG and  Port Ventures from French energy major Total Gaz Electricité Holdings, to complete the acquisition," said a press statement.The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio…

09 Jan 2019

Deutsche Bucht Completes Offshore Wind Foundations

Image: Deutsche Bucht wind farm

Northland Deutsche Bucht has completed the installation of all 31 foundations for its offshore wind farm project in the North Sea.The  Canadian power producer of Northland Power's third offshore wind farm which is  about 95 kilometres to the northwet of the North Sea island of Borkum in Germany’s Exclusive Economic Zone (EEZ), pointed out that this successfully concludes the first phase of construction within the planned timeframe.Jens Poulsen, Project Director of Northland Deutsche Bucht GmbH…

13 Dec 2018

Seaway Offshore Cables Wins US Job

Image: Seaway Offshore Cables

Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12-megawatt Coastal Virginia Offshore Wind (CVOW) projects in the U.S."SOC in combination with Subsea 7, has been awarded its first US offshore wind project by Ørsted Wind Power North America who are constructing the project for Dominion Energy. This turnkey cable supply and cable installation contract for CVOW Project marks the continued success of a global renewables strategy for Subsea 7 in the U.S.…

09 Nov 2018

Second Turkish Drill Ship Will Operate in Black Sea

Fatih Donmez (Photo: Turkey's Ministry of Energy and Natural Resources)

Turkey has completed the purchase of its second drilling ship, which will operate in the Black Sea at the north of the country, Energy Minister Fatih Donmez said on Friday.Turkey is almost completely reliant on imports to meet its energy needs.

22 Oct 2018

Saudi Aramco to Invest in China

In the presence of senior Vice President of Downstream Abdulaziz al Judaimi and Governor Yuan Jiajun ( R5), Vice President of International Operations Said Hadrami and Vice Givernor Zhu Congjiu signed the memorandum of understanding between Saudi Aramco and People’s Government of Zhejiang to acquire a share of Zhejiang Petrochemical’s new refinery project on the International Petroleum and Natural Gas Enterprises Conference (IPEC) 2018 in Zhoushan, east China’s Zhejiang province. Photo:  Saudi A

Saudi Aramco recently signed an MoU with Chinese Zhejiang provincial government during the 2nd International Petroleum and Natural Gas Enterprises Conference (IPEC), to acquire a share of Zhejiang Petrochemical’s new refinery project.Abdulaziz Al Judaimi, Sr. VP Downstream, said: "We are exploring opportunities for new refining and petrochemicals facilities, making further investments in China. Saudi Aramco has recently signed a crude oil supply agreement with Zhejiang Petrochemical (Rongsheng). This increase in customer base is due to our continuous focus and attention to the Chinese market.

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