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Energy Supplier News

25 Jan 2024

GTT Inks Technical Services Deal for JOVO-Operated LNG Carriers

© vladsv / Adobe Stock

French engineering company GTT has signed two new technical services agreements with China-based energy supplier JOVO for its LNG carriers.The contracts cover GTT's assistance and operational support for LNG carriers operated by JOVO.GTT will provide its field expertise for inspections, maintenance, repairs and engineering consultancy.JOVO will also benefit from access to GTT's HEARS emergency hotline, available 24/7, to provide rapid technical assistance to crews.These new partnerships follow a first services contract…

05 Aug 2022

Ukraine Seeks to Extend Shipping Safe Passage Deal Beyond Grain

© den-belitsky / Adobe Stock

Three grain ships left Ukrainian ports on Friday while the first inbound cargo vessel since Russia's invasion was due in Ukraine to load, as Kyiv called for the safe passage deal to be extended to other cargoes such as metals.The July 22 deal marked a rare diplomatic breakthrough as war rages in eastern Ukraine, with Kyiv trying to rebuild its shattered economy after more than five months of conflict."We expect that the security guarantees of our partners from the U.N. and Turkey will continue to work…

02 Jun 2022

Norway's Hammerfest Plant Resumes LNG Production almost Two Years After Fire

The Hammerfest LNG facility
(Photo: Einar Aslaksen / Equinor ASA)

Norway's Hammerfest liquefied natural gas plant has restarted LNG production following a fire almost two years ago, boosting the country's gas exports, operator Equinor said on Thursday.The company last week told Reuters the plant had completed repairs and was preparing to restart output. The plant had been offline since late September of 2020, and a restart was postponed several times while repairs were carried out."This is of great significance in a period when predictable and reliable supplies are highly important to many countries and customers…

27 May 2022

Norway's Hammerfest LNG Plant Resumes Operation After 20-month Outage

(Photo: Ole Jørgen Bratland / Equinor)

Norway’s Hammerfest liquefied natural gas plant has resumed operation as planned and is preparing to restart LNG production, a spokesperson for operator Equinor told Reuters on Friday.The plant has been offline for 20 months following a fire in September of 2020.LNG is made by cooling gas to temperatures that liquefy it, thus allowing large quantities to be transported by ship.“We have resumed operations and started cool down of the plant. We will issue a press release when we have LNG to tank…

19 May 2022

Corvus Energy to Open US Battery Factory

Geir Bjørkeli (right), CEO of Corvus Energy, and Elliott T. Smith, Director of Real Estate and Asset Management at the Port of Bellingham, at the announcement ceremony for the new Corvus Energy US manufacturing facility to build world-leading large-scale maritime battery energy storage systems. (Photo: Corvus Energy)

Corvus Energy, supplier of battery energy storage systems (BESS) for marine applications, announced plans to open a new factory in the state of Washington to help meet demand for marine BESS in the Americas as the marine industry accelerates its adoption of decarbonization technology to meet global emissions reduction targets.The manufacturing facility—located just north of Seattle in the Port of Bellingham—will have an annual capacity of 200 MWh of stored energy capacity as forecasts…

08 Feb 2022

Shell and GTT Partner on LH2 Carrier Design

(Image: GTT)

Energy giant Shell is partnering with French engineering firm GTT with the aim to develop "breakthrough, cutting-edge technologies" to enable maritime transport of liquid hydrogen (LH2).The cooperation agreement between Shell International Trading and Shipping Company and GTT is part of Shell's strategy to develop a hydrogen energy supply chain by creating scalable and safe liquefied hydrogen shipping technologies. This includes the development by GTT of a preliminary LH2 carrier…

16 Jul 2021

MSC, Shell Team Up to Decarbonize Shipping

Credit: Björn Wylezich/AdobeStock

Shipping line MSC Mediterranean Shipping Company (MSC) and oil firm Shell have partnered up to speed up the decarbonization of the global shipping sector."The long-term memorandum of understanding will help MSC and Shell to play enhanced roles in the energy transformation of shipping, as developers and early adopters of innovative technologies and fuel solutions," the companies said in a statement.The companies plan to develop a range of safe, sustainable and competitive technologies…

17 May 2021

Back to the Drawing Board: Analyzing Social Impact of Sustainable Energy

Photo: Martin & Ottaway

The future could be bright for small island nations. Cheap sustainable energy is the core component of the United Nations Sustainable Development Goals.Engineers like making things, but rarely think of the social impact that flows from their creations. Today, while we are standing at the threshold of sustainable energy, we should take a moment to reflect on the social impact of sustainable energy. Access to sustainable energy puts us at the threshold of massive social change and…

07 Jan 2020

New Safety Recommendations for Vessel Batteries

(Image: DNV GL)

A new joint industry report offers recommendations for enhanced battery safety on vessels.The report, released by DNV GL in collaboration with the Norwegian, Danish and US maritime authorities, battery manufacturers, system integrators, suppliers of fire extinguishing systems, shipyards and shipowners, assesses explosion and fire risks in maritime battery installations and the effectiveness of fire extinguishing systems in the event of a battery fire.While onboard battery power represents a pathway toward more environmentally friendly vessel operations…

22 Oct 2018

Yanbu South Terminal Boost Export Capacity

The oil giant Saudi Aramco has competed the rehabilitation and upgrade project of the Yanbu South Terminal (YST), which adds an extra three million barrels per day of crude oil to its West Coast export capacity.Yanbu South Terminal, which is located south of Yanbu City on the West Coast of Saudi Arabia, consists of a tank farm and offshore facilities to receive, store and load Arab Light (AL) and Arab Super Light (ASL) crude oil.The facility’s integration with the existing crude oil supply network adds 3 million barrels per day to Saudi Aramco’s export capacity through the West Coast, thereby reinforcing the reputation of Saudi Aramco…

23 Aug 2017

India to Buy $1 Billion of US Crude Oil

New Prosperity crude carrier will deliver the first shipment of US crude to India's Paradip port (Odisha, India) in the last week of September. (Image: India House)

Following Indianan Prime Minister Narendra Modi’s June 2017 visit to the U.S., where President Donald Trump and PM Modi agreed to deepen the energy engagement between the two countries, India oil companies have started the process of procuring crude oil from the U.S. Now six weeks after the visit, the first orders for $1 billion of crude are being placed. Two Indian oil giants, Indian Oil Corporation and Bharat Petroleum, have already taken delivery of the first 2 million barrels that have shipped from ports in Texas and Louisiana.

10 Aug 2017

ENI, Anadarko to Build LNG Terminals in Mozambique

Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province, where Mozambique has made massive gas discoveries that could transform it from a poor African country into a major energy supplier to Asia. The agreements were signed by Mozambique's energy minister Letícia Klemens and the regional heads of ENI and Anadarko, a Texas-based oil producer. The two companies will separately build their own terminals, Klemens told a press conference. She declined to give the size of the investments.

11 Jul 2017

Virgina Offshore Wind Project Moves Forward

One of DONG Energy's turbines in the U.K. (Photo: DONG Energy)

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…

01 Jun 2017

Eni LNG Seal Raises Hopes of Mozambique Gas Boom

Italian energy company Eni signed a deal on Thursday to develop a huge gas field offshore Mozambique, the first of a series of projects that could transform the poor African nation into a major energy supplier to Asia.   The Coral South field, discovered in May 2012, is within Area 4 of the Rovuma Basin and contains approximately 450 billion cubic meters (16 TCF) of gas in place. (Reporting by Manuel Mucari; Writing by Nqobile Dludla; Editing by Edmund Blair)

05 Oct 2016

Keppel Grows LNG Business

Keppel Offshore & Marine (Keppel O&M) announced it has secured contracts to build its first two dual-fuel diesel liquefied natural gas (LNG) harbor tugs, and signed a Memorandum of Understanding (MOU) with Keppel-Royal Dutch Shell plc (Shell) to jointly explore opportunities in using LNG as fuel. Keppel O&M's wholly owned subsidiary Keppel Singmarine Pte Ltd secured the tug contracts from Keppel Smit Towage Pte. Ltd and Maju Maritime Pte. Ltd. who have ordered one unit each. The two tugs are expected to use bunkering services provided by the joint venture company, FueLNG Ltd. The tugs will be built to Keppel's proprietary design which won the Outstanding Maritime R&D and Technology Award at the 2015 Singapore International Maritime Awards.

06 Sep 2016

New Global Brand for LNG Bunkering: Gas4Sea

ENGIE, Mitsubishi Corporation and NYK Line have launched Gas4Sea, a new brand for their joint marketing of liquefied natural gas (LNG) as a marine fuel around the world. Gas4Sea aims to lead innovation through the ship-to-ship supply of LNG for the maritime sector. In 2014, ENGIE, Mitsubishi Corporation and NYK concluded a framework agreement for a partnership to develop LNG bunkering services. By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe and cost-effective service to shipping customers worldwide. Through their experience in their respective businesses, they will be able to tailor their LNG supply chains to the customers’ needs.

05 Jul 2016

Top Rolls-Royce Power Systems Suppliers Honored

Rolls-Royce Power Systems has honoured its five best suppliers for outstanding performance in quality, logistics, environmental protection and cooperation in 2015. For the tenth year in a row, Rolls-Royce Power Systems has commended the top suppliers of its subsidiaries MTU, L’Orange and MTU Onsite Energy, choosing from a total of 495 candidates from around the globe. CFO Marcus A. Wassenberg stated “Our suppliers make a valuable contribution to product quality, substantially bolstering the competitive position of our engines and gensets, and consequently that of the entire company. For the third time, Harz Guss Zorge from Lower Saxony, Germany claimed the title of best supplier of unmachined parts. The company produces cylinder heads, exhaust elbows and engine mounts.

09 Jul 2015

US Crude Export Would Help Europe -Czech Republic

Lifting the U.S. ban on oil exports would bolster energy security in Europe by allowing countries to find alternative sources, the Czech Republic ambassador to the United States told lawmakers considering a bill to do away with the trade restriction. "The larger the number of stable democracies among the world's exporters, the more robust the energy security of the Czech Republic and the European Union will be," Petr Gandalovic, the ambassador told the panel the House subcommittee on Energy and Power on Thursday. The country has worked to reduce its dependence on oil and gas from Russia, the top energy supplier to many Eastern European countries. A recently built oil pipeline connects the Czech Republic to the Italian port of Trieste via Germany.

08 Jul 2014

Chile to Import US Shale Gas

Ship enters Methane Jane Elizabeth Quintero Bay with the first shipment of LNG in July 2009 (Photo courtesy of ENAP Chile)

Chile's state oil company ENAP has signed long-term deal with British Gas to import shale gas from the United States at the end of next year, local media reported. Shipments will leave from a U.S. port, Chilean Energy Minister Maximo Pacheco was quoted as saying on Monday in newspaper La Tercera's Tuesday edition. "Among the first gas shipments to leave from that port will be gas destined for Chile," Pacheco said. The deal's volumes and prices were not revealed. A press officer at the Energy Minister confirmed the information but did not give further details.

18 Jun 2015

KNOT Orders New Tanker for Charter with BG Group

Knutsen NYK Offshore Tankers AS (KNOT) has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC. This contract is for a maximum 20-year period starting from the second quarter of 2017 and follows the time-charter contracts that were concluded in September 2014 for two shuttle tankers. The new contract aims to use a 158,000 DWT Suezmax tankers built by Hyundai Heavy Industries Co. Ltd. and equipped with enhanced dynamic-positioning systems to shuttle crude oil processed in waters off Brazil. Upon delivery, expected to be in mid-2017, the vessel will commence operations under a time charter with BG (this will have a minimum term of 5 years).

03 Sep 2014

US Mulls Stronger Sanctions Against Russian Energy

The United States is considering limiting hi-tech exports to Russia's Arctic oil and gas industry as part of plans to strengthen sanctions against Moscow over the crisis in Ukraine, a U.S. envoy said on Wednesday. On the eve of a NATO summit in Wales, the United States is expected to join the European Union in imposing new sanctions on Russia after EU leaders agreed at the weekend that the direct engagement of Russian troops in Ukraine in support of separatist rebels merited such a step. "We are looking at further tightening of restrictions on energy exports and the licensing of hi-tech exports, not only to the energy sector but specifically to Arctic oil and gas," the U.S. ambassador to the European Union, Anthony Gardner, told Reuters in Brussels.

24 Feb 2014

Gazprom & Shell Agree Roadmap for Sakhalin ll LNG Project

LNG plant in Sakhalin: Image courtesy Gazprom

Gazprom inform that Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell, met in Sochi and signed a document that that envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin II project. “The global LNG market is booming â€“ primarily in Asian countries. Novel LNG production capacities are the key to achieving a strong position in this market,” said Alexey Miller. “We welcome the sequential approach of our strategic partner Gazprom to expanding the LNG plant in the Prigorodnoye settlement.

12 Dec 2014

Samref Wraps Yanbu Refinery Revamp

Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that dramatically cuts sulfur levels in gasoline and diesel. The SAMREF partnership, which is celebrating 30 years of joint refining operations, demonstrates the long-term collaboration and progress towards meeting the energy needs of Saudi Arabia’s growing economy. The project is the largest investment in SAMREF’s history and will reduce the sulfur levels in gasoline and diesel by more than 98 percent, to 10 parts per million, which makes the refinery an industry leader in emissions reduction.