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Sunday, July 22, 2018

Energy Value News

DNV GL Initiative to Improve Offshore Site Assessments

Photo: DNV GL

DNV GL invites industry partners to start a Joint Industry Project (JIP) for improving the collection and assessment of site conditions data for offshore wind farms. Aiming to increase the efficiency of collecting site conditions, the new JIP will work with stakeholders from across the wind industry. The knowledge generated from the JIP is planned to be ultimately incorporated in a DNV GL recommended practice. The design of an offshore wind farm is dependent on the quality of the calculated site conditions used to derive the design parameters.

DNV Enhances Global Chain

Henrik O. Madsen, CEO of the DNV Group

OSLO: Following the transfer of the majority shareholding in KEMA, DNV is now establishing a group structure to manage the strong industry positions it now holds. By merging some of its activities with KEMA, DNV is committed to driving the global transition toward a safe, reliable and clean energy future. As of 1 March, DNV’s operations will be carried out through three separate companies: DNV Maritime and Oil & Gas, DNV KEMA Energy & Sustainability and DNV Business Assurance. Each company in the DNV Group will have a dedicated leadership team. CEO Henrik O.

CNPC, Eni Sign LNG Deal

Photo:  Eni

China National Petroleum Corporation (CNPC) and Italy’s Eni signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain. "CNPC and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities," said a statement from the company. The signing took place in Rome at Eni's headquarters during a meeting between the Chairman of CNPC…

China Trims Appetite, but Coal Prices Unfazed

File Image (CREDIT: AdobeStock / (c) Snap Happy)

There are indications that China's appetite for imported coal may be starting to ease in line with Beijing's efforts to limit the use of the fuel over winter in a bid to lower air pollution. China's seaborne imports were 18.26 million tonnes in November, down from 20 million in October, according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts. It's the fourth consecutive monthly decline for seaborne coal imports, according to the data, and it comes as the authorities impose productions cuts on coal-consuming industries such as steel.

Paterson Elected to Tidewater Board of Directors

Tidewater Inc. announced the election of Richard D. Paterson to its board of directors for a term beginning November 13, 2014 and expiring in July 2015. Richard D. Paterson is a certified public accountant who retired from Price Waterhouse Coopers LLP (PwC), an international network of auditors, tax and business consultants, in 2011 after 37 years of service. At the time of his retirement, Paterson served as the global leader of PwC's Consumer, Industrial Products and Services Practices comprising the automotive…

ABS Approves GTTNA’s LNG Bunker Barge Design

Image courtesy GTTNA

Houston-based GTT North America (GTTNA), U.S. subsidiary of French engineering and technology company Gaztransport & Technigaz SA (GTT), has received approval in principle (AIP) from ABS for the design of a 2,200 cubic meter liquefied natural gas (LNG) bunker barge. The distinctive design incorporates GTT’s proven membrane Cargo Containment System (CCS), which is utilized in 70% of the global LNG carrier fleet and nearly 90% of LNG carrier projects on order. Leveraging over five decades of LNG storage and maritime transportation experience…

LNG-FSRU Vessel: BW Place Samsung Contract

A BW VLCC: Photo credit BW Maritime

BW Maritime inks contract with Samsung Heavy Industries for BW’s first Liquefied Natural Gas Floating Storage Regasification Unit (LNG-FSRU). Expected to be delivered in 2015, it will be the latest addition to BW's fleet of 16 LNG carriers, building on and increasing its existing LNG expertise. This vessel and floating terminal will be able to receive and convert LNG into its gaseous form for offloading via pipelines, to gas facilities on-shore. BW is focused on its vision to be the leading brand in energy transportation…

Maritime Reporter Magazine Cover Jul 2018 - Marine Communications 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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