Energy Resources News

05 Nov 2019

LNG Terminals Market to Grow 3% by 2022

Rotterdam LNG terminal. Pic: Port of Rotterdam

The large-scale LNG terminals market size is expected to post a CAGR of close to 3% during the period 2018-2022, according to the latest market research report by Technavio.The rising demand for clean fuels is one of the major reasons for the growth of the large-scale LNG terminals market. Fossil fuels constitute a major source of energy to cater to the demands from the residential, commercial, and industrial sectors. However, they result in heavy emissions of CO2 and other greenhouse…

27 Aug 2019

Scotland to Power Ferries with Hydrogen

Image by Wood Plc

Ferries serving the Western Isles and West Coast of Scotland could soon be powered by hydrogen generated from onshore island wind power, according to a newly published feasibility study.The Scottish Western Isles Ferry Transport Using Hydrogen (SWIFTH2) project, which was led by the Point and Sandwick Trust in collaboration with seven industry partners including Wood, was part-funded by the Scottish Government’s Low Carbon Infrastructure Transition Programme.The project team also included Siemens Gamesa Renewable Energy…

23 Aug 2019

DNV GL Launches Renewables Certification Ops in U.S.

Photo: DNV GL

With the U.S. offshore wind industry poised for rapid growth, DNV GL has established a Renewables Certification office in Medford, Mass., to meet the growing demands for certification services. While the U.S. is still a generation behind Europe in the exploitation of offshore wind energy resources, it could catch up quickly, as, according to the U.S. Department of Energy (DOE), there is the potential to install 22,000 MW of offshore wind projects in the U.S. by 2030. Much of this activity is taking place in the Northeast…

23 Aug 2019

FLNG Market to Touch $17.5Bln by 2026

Photo courtesy: Höegh LNG

The global floating liquefied natural gas (FLNG) market is estimated to grow at CAGR above 5.2% over the forecast time frame 2019 to 2026 and reach the market value around $17.5 billion by 2026.Increasing demand for clean fuel techniques and increasing concentrate on sustainable energy blend will boost FLNG market growth, said a report by Acumen Research and Consulting.Rapid depletion of fossil fuel, combined with continuing carbon footprint reductions, will promote favorable company development.According to the International Energy Agency (IEA)…

12 Aug 2019

UK Offshore Wind Attracts Investments

Image: Ørsted

Power companies including Ørsted, Vattenfall, Innogy, SSE and Scottish Power and financial investors such as infrastructure and pension funds are active in UK offshore wind power, said Deloitte.Japan, China and other countries in Asia are also showing increasing interest in the market, it said.With natural advantages including a long coastline, high wind speed and areas of shallow seabed providing desirable conditions for the construction of large offshore wind farms, the UK is…

29 Jul 2019

MOL Indonesia Celebrate 25th Anniversary

Top: MOL President & CEO Junichiro Ikeda addresses the ceremony. Bottom: Chief Executive Representative, Asia, Middle East, Oceania, Masahiko Okubo (first from left), President & CEO, Junichiro Ikeda (second from left),  Executive Vice President & Executive Officer, Takeshi Hashimoto (second from right), and Chief Country Representative in Indonesia, Yo Ishizaki (first from right). Pics: MOL

Japanese shipping major Mitsui O.S.K. Lines (MOL) celebrated a major milestone-25 years since the launch of MOL business operations in Indonesia.The carriers of containerized and other cargo said in a press note that it has hosted a party in Jakarta for about 200 attendees, including customers to celebrate 25th anniversary. Among those on hand for the party were Japanese Ambassador to Indonesia Masafumi Ishii, and representatives of MOL's business partners.MOL President & CEO Ikeda addressed the gathering…

15 Jul 2019

OP/ED: Stronger Together

Image CREDIT: AdobeStock / ©_Ian Dyball

In 1941, geologist Orval Lester Brace stated “it may be tentatively assumed that the Gulf of Mexico is a potential source of salt-dome oil. Whether or not it will be economically feasible to explore these waters for the domes that must exist is a question for the future to answer.”  The future hypothesized by Mr. Brace was not nearly as far off as it seemed. Less than six years after his proclamation, Kerr-McGee Oil Industries, along with Phillips Petroleum, Stanolind Oil and Gas Co…

10 Jun 2019

Offshore Wind Energy Market to Reach $69.63bn

Image: Vattenfall

Global offshore wind energy market to reach USD 69.63 billion by 2025, said a study.Global offshore wind energy market valued approximately USD 18.48 billion in 2016 is forecasted to grow with a healthy growth rate of more than 15.88% over the forecast period 2018-2025, said Brand Essence Market Research report.The major factors speculated to augment the markets are government initiatives to reduce carbon footprint and rising need for renewable energy for power generation. Cost…

09 Jun 2019

Europe Invests in African Renewable Energy

Pic: DNV GL

The provider of testing and advisory services to the energy value chain including renewables and energy management, DNV GL has joined European signatories including ABB, EDP Renewables, Enel Green Power, Ge Renewable Energy, Pöyry, Prysmian, PwC, Siemens Gamesa and Vestas."DNV GL has signed a ‘declaration of intent’ to commit its interest and participation to the initiative renewAfrica, aimed at boosting renewable energy investments in Africa, alongside leading players in the African and European renewable energy market…

27 May 2019

Damen Delivers CSD500-S to ERA

Pic: Damen Shipyards

Dutch shipbuilding conglomerate Damen Group announced that Damen Dredging Equipment has delivered CSD500-S, a fully customised cutter dredger for acidic environment,  to Australian customer, Energy Resources of Australia (ERA)."The Cutter Suction Dredger (CSD), which has been named the Brolga I, will work in an acidic environment with a pH of approximately 3 for which a wide array of adaptations have been incorporated," it said in a press release.The dredger has been shipped to Antwerp, where it was loaded on board a transport vessel bound for the north of Australia.

24 May 2019

Solar Array Installed on Cargo Ship

Ship solar power array supplied by Eco Marine Power onboard MV Panamana

The marine renewable energy technology company Eco Marine Power (EMP) announced that its Aquarius MAS + Solar solution has been installed on the large general cargo ship MV Panamana.The  Japan-based EMP said in a press release that this installation was carried out by the ship’s crew with remote support provided by Zeaborn Ship Management (Singapore) Pte. Ltd. and EMP from Japan.Over the next few weeks the solar power equipment will be integrated with EMP’s Aquarius Management & Automation System (MAS) and then put into service.MV Panamana is a 54…

23 May 2019

Race Against WW II Shipwrecks Oil Spill

Image: MV Ocean Recovery

A remediation programme to protect island ecosystems from damage caused by oil pollution from World War II wrecks sunk in the Pacific Ocean will launch in Newcastle Harbour today (Thursday 23 May).The programme is the result of a partnership between Major Projects Foundation, the Secretariat of the Pacific Regional Environment Programme (SPREP) – an intergovernmental Pacific regional organisation made up of 26 members – and the University of Newcastle. It will see expert teams of scientists…

01 Mar 2019

Oshima Shipbuilding Bags NYK Vessel Order

Pic: Oshima Shipbuilding

The shipping and logistics company NYK (Nippon Yusen Kabushiki Kaisha) has concluded a long-term contract with Mitsubishi Paper Mills Limited for a new wood-chip carrier to be built by Oshima Shipbuilding Co. Ltd.The ship will be able to load 4.3 million cubic feet of wood chips, said a press release from NYK.The vessel features the latest design that will allow the vessel to perform well in all types of weather while ensuring low water resistance and high efficiency and energy…

13 Feb 2019

Offshore Wind: Good Supply, Growing Demand

© iweta0077/AdobeStock

In its 2019 “Annual Energy Outlook” the US Energy Information Administration (EIA) projects that electric generation from renewables (wind, solar, hydro) will go from 500 billion KWh in 2018 to 1500 billion KWh in 2050, just 30 years from now.“The AEO highlights the increasing role of renewable energy in the US generation mix,” said EIA Administrator Linda Capuano. “Solar and wind generation are driving much of the growth. In fact, our reference case projects that renewables will grow to become a larger share of U.S.

06 Feb 2019

Offshore Wind Energy Market to Grow 20%

Image: Siemens Gamesa

Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing with a number of schemes that have recently began power production, according to Researchnreports. For instance, following the installation of its first 7-MW turbines, Scotland's biggest offshore wind farm has sent power for the first time…

23 Jan 2019

NYK Takes Delivery of New Coal Carrier

Pirika Mosiri Maru. Image: NYK Line

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has taken delivery of a coal carrier equipped with a binary cycle power-generation system that utilizes engine exhaust heat.The new coal carrier Pirika Mosiri Maru that NYK will own and operate to transport coal for Hokkaido Electric Power(HEPCO), was delivered yesterday (January 23) at Oshima Shipbuilding Co. Ltd. in Saikai city, Nagasaki prefecture, and a delivery ceremony was held on the same day.The event was attended by Akihiko Mayumi…

13 Dec 2018

NOIA Calls for Offshore Wind Territories Act

Image: BOEM

National Ocean Industries Association (NOIA) said that U.S. territories need the Offshore Wind for Territories Act.The U.S. has five permanently inhabited 'Territories' in the Caribbean Sea and the Pacific Ocean: American Samoa, Guam, the Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands which are directly overseen by the United States Federal Government.NOIA President Randall Luthi issued this statement: “The House passage of H.R. 6665 is welcome news for many Americans this holiday season. Too often, Americans in the U.S.

05 Dec 2018

Nexans Wins $113m Subsea Contract

Image: Nexans

French cable company Nexans said that  it has been awarded a full turnkey contract worth more than $113m  for the manufacturing, delivery and installation of 350 kV HVDC submarine cable in the Philippines.Nexans has been awarded a full turnkey contract for the submarine link of the Mindanao-Visayas Interconnection Project (MVIP) launched by National Grid Corporation of the Philippines (NGCP).To optimise the delivery of the submarine cabling system for the MVIP to connect the three power grids of Luzon…

15 Nov 2018

Nokia, ABB and Kalmar Trial 5G Technology for Harbor Automation

Image: ABB

Nokia, ABB and Kalmar, part of Cargotec,  have successfully conducted industrial trials that leverage the low latency capabilities of 5G to support time-critical applications and enhance protection and efficiency in a smart electricity grid and in harbor automation.In a joint press release the companies said that the trials, conducted as part of the Wireless for Verticals (WIVE) research project, represent one of the first real-world applications of time-critical 5G applications…

16 Oct 2018

2018 Maritime Risk Symposium – Energy and Maritime Risk

Energy.It seems that energy touches every aspect of our lives from heating our homes to ensuring that fresh produce is available at grocery stores. It powers our cars and allows industry to move products around the world. The connection between energy and risk to the maritime environment has been a growing area of discussion, research and analysis. The United Kingdom’s Royal Navy, within its Joint Doctrine Publication (JDOP 0-10) 5th edition UK Maritime Power, captured this issue superbly: “Fossil fuels and minerals are an important resource in the maritime environment. New deposits of oil and gas, as well as mineral wealth, are discovered under the seabed each year, and improvements in technology will facilitate future exploitation.

15 Aug 2018

Signs of Recovery in the US Gulf of Mexico

© Theerapong / Adobe Stock

Today's U.S. auction of Gulf of Mexico exploration leases drew tepid response from oil companies, but marked notable progress for an industry still in a state of recovery.“While not a barn burner, Lease Sale 251 tops the previous Gulf sale in terms of increased participation, increased competition for offerings, and bid amounts,” said Randall Luthi, president of the National Ocean Industries Association (NOIA). “In addition, bidding activity demonstrates both continued interest in deepwater tracts and renewed interest in shallow water tracts.”Luthi continued…

31 Jul 2018

NYK Names New Ship 'Pirika Moshiri Maru'

Shin Sapporo Maru. Photo: NYK Line

A new ship that NYK will own and operate to transport coal for Hokkaido Electric Power Co. Inc. has been named "Pirika Moshiri Maru." Honoring the history and culture of Hokkaido’s indigenous Ainu inhabitants, the name of the new ship is derived from the Ainu words "pirika,” meaning beautiful, and "moshiri,” meaning earth.After construction at Oshima Shipbuilding Co. Ltd. is completed in January 2019, the ship will be assigned to transport coal from Australia and other countries to the Tomato-Atsuma Coal Power Station…

14 May 2019

Interview: Mark Knoy, President and CEO, ACBL

Mark K. Knoy, president and CEO of American Commercial Barge Line

American Commercial Barge Line (ACBL) named Mark K. Knoy as its president and chief executive officer in August 2011. Prior to joining ACBL, he was vice president of American Electric Power’s (AEP) Fuel, Emissions and Logistics Group and president of AEP River Operations, having joined AEP with its 2001 purchase of MEMCO Barge Line. From 1984 to 1994, he was owner/operator of The Mark Twain Towing Company and Delmar Marine, Inc., Pekin, Illinois. He began his career in 1973 working aboard towboats on the inland waterways as a deck hand and then as a captain.

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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