Stork Awarded Evergreen Gig for UK Assets
Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a contract extension by Centrica Storage Limited to continue providing fabric maintenance and associated services for the company’s UK onshore and offshore oil and gas assets.Fluor booked the undisclosed contract value in the second quarter of 2019, said a release.“Stork is extremely pleased to deepen our long-term relationship with Centrica in the UK by providing services to extend the life and efficiency of its assets in the northeast of England…
Hong Kong Firms Sign LNG Deals
Hong Kong's power firms Castle Peak Power Company Limited (CAPCO) and The Hongkong Electric Co., Ltd. (HKElectric) today announced that an agreement has been entered into with Shell Eastern Trading for long-term liquefied natural gas (LNG) supply for the Hong Kong Offshore Liquefied Natural Gas Terminal.A press release from CAPCO, a 70:30 joint venture of CLP Power Hong Kong Limited ( and China Southern Power Grid International, said that after completion of the project, Shell will supply LNG to both CAPCO and HK Electric from its worldwide LNG portfolio.With more than 50 years of experience in the industry, Shell is a leading independent producer and marketer of LNG with a globally diversified supply portfolio.CLP Power Managing Director T K Chiang said…
AIE Buys Gas from Port Kembla LNG
Australian Industrial Energy (AIE) said it has reached a preliminary agreement with EnergyAustralia to provide 15PJs of natural gas per annum, from its Port Kembla gas terminal (PKGT).PKGT is one of five proposed LNG import terminals that could help meet a looming gas shortage in southeastern Australia, even as the country is set to become the world’s top LNG exporter.Commencing 1 January 2021, the five-year contract will supply gas for EnergyAustralia’s residential and industrial…
SENER Names Álvaro Lorente as MD
Spanish engineering and technology group SENER has appointed Alvaro Lorente, former Operations Manager in the energy division as Managing Director.He graduated in Industrial Engineering from the Pontificia Comillas University (ICAI), majoring in Electrical Engineering, and joined SENER in 1991. Among other posts, he has been head of SENER's Mechanics Section, Operations Manager for Renewables, Power, Oil & Gas and International General Manager at SENER.He was also appointed General…
KN to Allocate LNG Terminal Capacities
Lithuanian liquefied natural gas (LNG) import terminal operator, AB Klaipedos Nafta (KN) has started a yearly procedure, i.e. allocation of LNG terminal capacities for the new gas year.Capacities are allocated in advance, before the end of the gas year, according to the usual practice in the natural gas markets.The Company performs the allocation of capacities according to the publicly announced Regulations for Use of Liquefied Natural Gas Terminal, which were verified and approved…
Arnlea, Px Sign Six Figure Renewal Contract
Arnlea Systems, a provider of mobile technology solutions for clients working within the oil and gas sector, has announced that it has renewed its existing contract with Px Group for a further five years with a six-figure value.Aberdeen-based software specialist said that the five-year deal has been awarded by operator and duty holder Px Group for use of its IntrinsixEx software, which speeds up the inspection and reporting process for faulty equipment.The total value of the deal has not been disclosed.
Commonwealth LNG sees Euro Demand for LA Gas Terminal
Commonwealth LNG has received commitments from European buyers to take almost half of the liquefied natural gas (LNG) from its planned 8.4-million-tonnes-per-year export terminal in Louisiana, Chief Executive Officer Paul Varello said on Wednesday.The Commonwealth project is one of more than 10 LNG export terminals under development or construction in the United States along the coast of the Gulf of Mexico to take advantage of soaring demand for the supercooled fuel amid booming…
Qatar to Invest USD 20 bln in US Energy Sector
Peninsular Arab country Qatar has said that it plans to invest more than $20 billion in the US energy sector over the next five years.According to a report in Reuters, minister of state for energy affairs of the energy-rich Qatar Saad Sherida Al-Kaabi, who is also the President & CEO of Qatar Petroleum, said he is looking to invest in US oil and gas sectors as well as unconventional resources.The report quoted Saad as saying: “North of USD20 billion will be invested over the…
BREAKING: Tanker, Frigate Collision Shuts Down Norwegian Oil, Gas to Europe
Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline of heating gas to Europe — after an early morning collision between a $440-million frigate and an oil tanker.The frigate Helge Ingstad, now listing heavily to its port side, is loaded with torpedoes and weapons systems said to be unstable as a result of the collision. Eight navy personnel are said to be injured, including two flown to regional hospital…
Energy Storage - Now Relevant for Any Vessel Type
A primer on the quickly evolving topic of on board battery technology.Energy storage itself is actually old news. Since the sails were taken down for good, merchant vessels have crossed the oceans using some kind of energy safely stored on board. Be it Coal, Diesel, Gasoline or Natural Gas, and regardless of energy type, safe storage onboard has been vital for safety and completion of the planned trip. On the other hand, active use of batteries in propulsion systems is relatively new.
Kolkata Port, Hooghly Pact for Liquid Cargo Terminal
The Kolkata Port Trust (KoPT) has signed a concession agreement with Hooghly Oil & Gas Terminal to establish a liquid cargo handling terminal at Shalukhali in Haldia. The terminal will facilitate the movement of petroleum cargo such as LNG, LPG as well as vegetable oil. It is expected to develop over the next three years. The project will help reduce pre-berthing detention and turnaround time of tankers carrying different liquid cargo, leading to a reduction in logistics costs to trade.
Shell Announces Plan for Penguins Filed Redevelopment
Shell announced the final investment decision for the Penguins field redevelopment project in the U.K. sector, which includes the construction of a new-build Sevan Marine designed cylindrical floating production, storage and offloading (FPSO) vessel. The Penguins field is in 165 metres of water, approximately 150 miles north east of the Shetland Islands. Discovered in 1974, the field was first developed in 2002 and is a joint venture between Shell (50 percent and operator) and ExxonMobil (50 percent).
Qatargas Inks Deal to Deliver LNG to Austria's OMV
State-run Qatargas on Wednesday agreed a sale and purchase deal with Austrian oil and gas group OMV to deliver up to 1.1 million tonnes of liquefied natural gas annually for five years. From January 2019, the gas will be provided by Qatar Liquefied Gas Co, a venture between Qatar Petroleum and Shell . It will be delivered to the Gate LNG Terminal in the Netherlands on board Qatargas’ chartered LNG vessels. Facing threats to its market share in Europe from a wave of new U.S. supply and in Asia from new Australian plants, Qatar has sealed similar deals with Uniper, RWE Supply and Trading, Centrica and Petronas UK to secure access to northwest European import terminals.
Statoil Acquires 25% Stake in Brazil's Roncador
Statoil ASA and Petróleo Brasileiro S.A. (Petrobras) have agreed that Statoil will acquire a 25 percent interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil’s production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil’s expertise in improved oil recovery (IOR). The total consideration comprises an initial payment of $2.35 billion, plus additional contingent payments of up to $550 million.
Bibby Offshore Wraps up North Sea Work
Perenco appointed Bibby Offshore to perform subsea integrity inspections and maintenance works on the Inde Joint pipeline, which runs to the Bacton Gas Terminal in the Southern North Sea. Completed in early July, the 15-day workscope saw Bibby Offshore install a total of 94 concrete mattresses over the pipeline to assist in preserving the remaining rock dump mounds. The second workscope, completed in late July, saw Endeavour Energy UK contract Bibby Offshore to carry out subsea tree inspections in the Renee and Rubie fields located in blocks 15/27 and 15/28 of the Central North Sea.
Snam in Talks to Buy LNG Terminal Stake from Edison
Italian gas group Snam is in exclusive talks with EDF's Italian unit Edison to buy a stake in a liquefied natural gas terminal in northern Italy as part of plans to develop its LNG business, two sources said. Snam, controlled by state lender Cassa Depositi e Prestiti, is looking to buy Edison's 7.3 percent stake in Terminale LNG Adriatico and the gas pipeline that connects it to Italy's gas transmission backbone, the sources said. Adriatic LNG, which has a capacity of 8 billion cubic metres per year, is 70.7 percent owned by ExxonMobil and 22 percent by Qatar Petroleum.
Dual-fuel Escort Tug for Østensjø Rederi
The first of three new dual fuel RAstar 4000-DF class extreme escort tugs, the Dux, has been delivered to Østensjø Rederi AS by Spanish shipbuilder Astilleros Gondán S.A. Designed by Robert Allan Ltd., the 40.2 meter vessel is the first of a three boat order from Østensjø for severe weather operations at Statoil's Melkøya LNG Gas terminal at Hammerfest in the extreme north of Norway. These escort tugs will conduct approximately 300 LNG ship escorts annually, assist with berthing operations and will be maintained in readiness for emergency services such as long line towing…
In Demand: Hoegh LNG’s Sveinung Stoehle
Satisfied with the recent opening of a new floating LNG import terminal in Turkey plus contract successes in Africa and Asia, Hoegh LNG CEO and president, Sveinung Stoehle, cautiously lets us into his stylish Oslo offices for a bit of “disclosure”. The Hoegh business model is winning out, and now six floating storage and regasification units, or FSRUs, are in operation with four newbuilds on the way. The terminal in Turkey was built in just six months: “It would be years, not months, for a land-based gas terminal,” Stohle asserts.
Oregon County Won't Block LNG Terminal
A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal dealing a blow to what was the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure, had it passed, would have banned transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Around 76 percent of votes were cast against the measure, with 24 percent in favor, according to unofficial results posted on the Coos County government website late Tuesday.
Oregon County Mulls LNG Terminal Ban
A coastal Oregon county will vote Tuesday on a ballot measure to block a proposed natural gas terminal, the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure would ban transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Backers have called the initiative a response to a $7.6 billion proposal by Calgary-based Veresen Inc, to build a facility in the county where natural gas would be liquefied and transferred to tanker ships for sale abroad.
First Icebreaking LNG Carrier Ready for Service
The world’s first icebreaking liquefied natural gas (LNG) carrier, Christophe de Margerie, has berthed at the gas terminal at Sabetta Port in Russia, becoming the first vessel to do so. Built by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) in South Korea, the tanker was designed to order for SCF Group, specifically to serve Russia’s Yamal LNG project, and transport LNG year round in the difficult ice conditions of the Ob Bay and Kara Sea. On March 30 the vessel’s master…
Briggs Marine Turnover up 6%
Briggs Marine & Environmental Services has published its new accounts for the year ending March 2016 at Companies House, which show an annual increase in turnover to £66m. The company, which supplies a range of services throughout the marine industry, has increased its turnover by £4 million from the previous year, as a result of increased activity in the repair of subsea cables in the offshore renewable energy industry. Tighter margins in variable markets saw the Group’s operating profits show a slight decrease from £6m in the previous year to £5.4m for the year ending March 2016, with return on capital employed falling from 25% to 23%.
Japanese Shippers Trim Fleets
The three big Japanese marine transport firms - Nippon Yusen Kabushiki Kaisha (NYK Lines), Mitsui O.S.K. Lines and Kawasaki Kisen - are decreasing the number of containerships and bulk carriers in their fleets by 10%, reports Nikkei. This is due to weak market conditions and in response to a persistently bleak business environment brought on by a supply glut. The trio operated 1,266 of the ships in all at the close of the fiscal year ended in March, but that number will fall by 122 ships. While Mitsui O.S.K.