Integrated Energy News

06 Aug 2019

NSER Wins $600mln Contracts in S. Arabia

Photo: National Energy Services Reunited

National Energy Services Reunited (NESR), a provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions, has been awarded contracts worth US$660 million by Saudi Aramco for coiled tubing, stimulation and cementing services for a five year period.The contract is with the National Petroleum Technology Company, a subsidiary of NESR, for coiled tubing and N2, stimulation services and cementing services for a period of five years with possible extensions of up to two years.Mohammed Y.

15 Jul 2019

SPARK Joins OSC for $450mln Biz Incubator

Photo: Saudi Arabian Oil Co.

Saudi Aramco's King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK.OSC will develop a business incubator called the Common User Supply Base (CUSB) in collaboration with Saudi Aramco, to support the oil and gas industry in the Kingdom and the region, as well as help accelerate the growth of small and medium-sized enterprises (SMEs) in the energy sector.OSC plans to invest around USD 450 million over the next two years…

10 Jun 2019

Partnership for Vietnam LNG-to-Power Project

Image: Total EP

Russia’s largest private gas producer Novatek will work alongside French multinational integrated oil and gas company Total, state-controlled compatriot oil company Zarubezhneft and Germany's Siemens on Vietnamese LNG-to-power project.The partners signed a Memorandum of Understanding (MOU) on cooperation in Vietnam.The MOU envisages developing of an integrated energy-generating project with the use of liquefied natural gas (LNG) within the Socialist Republic of Vietnam.“The Vietnamese…

14 Apr 2019

Keppel Makes First LNG Cargo Import from N. America

Pic: Keppel Corporation

Singapore's Keppel Gas, a wholly owned subsidiary of Keppel Infrastructure Holdings, has completed its first liquefied natural gas (LNG) cargo import under Singapore's spot import policy.The policy allows gas customers in the Republic to import up to 10 per cent of their annual long-term contracted LNG intake on a spot cargo basis.The spot cargo of 160,000m3 of LNG originated from an LNG liquefaction project in North America, marking the first time that Keppel Gas has diversified…

02 Apr 2019

Torqeedo's Propulsion for VIKING LifeCraft

Photo courtesy of Torqeedo

Torqeedo  developed a specialized high-thrust electric propulsion system for VIKING’s revolutionary new LifeCraft survival craft, which are designed to speed safe evacuation of hundreds of passengers from ships at sea.The 203-passenger LifeCraft is a motorized inflatable vessel designed to deploy from a shipboard storage/launch station. Passengers board the boats through escape chutes. Once each boat is fully loaded, the crew maneuvers it to a safe standoff distance from the ship…

15 Jan 2019

CDP, Fincantieri and Snam Join for Innovation of Ports

Photo: CDP

Italian investment bank Cassa Depositi e Prestiti (CDP), the largest shipbuilder in Europe Fincantieri and natural gas transmission company Snam teamed up to innovate port facilities in Italy and develop sustainable technologies for maritime transport.The preliminary collaboration agreement is aimed at identifying, defining and implementing medium-term strategic projects for the innovation and development of port facilities in Italy, as well as for the development of sustainable technologies applied to maritime transport…

11 Jan 2019

Singapore LNG and YTL PowerSeraya Appoint New CEOs

Image: Singapore LNG

Singapore-based energy company YTL PowerSeraya and LNG terminal operator Singapore LNG Corp (SLNG) announced that they have appointed new chief executive officers (CEOs).YTL PowerSeraya said that han Swee Huat has decided to step down as CEO of the Group with effect from 15 January 2019. Chan plans to retire but will continue to serve as an advisor to parent company YTL Power International.He will be succeeded by industry veteran John Ng, who was most recently the CEO of Singapore LNG Corporation (SLNG).

04 Nov 2018

EDF Sells Stake Dunkirk LNG Terminal

Image: Dunkerque LNG

European electric utility company Électricité de France (EDF) group has sold its stake in the Dunkirk  liquefied natural gas (LNG) terminal, after obtained the requisite regulatory approvals.According to a press release from the  integrated energy company the modalities set out in the press release published on 29 June remain unchanged, the transaction having been made on the basis of an average enterprise value of EUR2.4 billion for the Dunkerque LNG company.The disposal will contribute to the reduction of the EDF Group’s net financial debt…

02 Nov 2018

Pieridae Energy to Construct Goldboro LNG

Image: Goldboro LNG

Pieridae Energy has welcome the decision of the Nova Scotia Utility and Review Board to issue the permit to construct the Goldboro LNG Facility.Pieridae will now proceed diligently to satisfy each of the associated conditions of that permit and to commence the construction of the Goldboro LNG Facility as soon as a positive financial investment decision is taken by Pieridae.In anticipation of the commencement of construction, Pieridae has engaged Hatch Ltd. to act as its engineering adviser.

23 Oct 2018

Andy Richardson Joins as COO of SimecAtlantis Energy Limited

Andy Richardson. Photo: Simec Atlantis Energy

Simec Atlantis Energy  announced that it has appointed Mr. Andy Richardson into the role of Chief Operating Officer at Simec Atlantis Energy.A press release from the global developer, owner and operator of sustainable energy projects with a diversified portfolio of more than 1,000 megawatts in various stages of development said that this will be a non-Board appointment.Andy is a senior figure in the global power generation sector, a Chartered Fellow, having formally held roles…

22 Oct 2018

Yanbu South Terminal Boost Export Capacity

The terminal consists of a tank farm and offshore facilities to receive, store, and load Arabian Light and Arabian Super Light crude oil. Image: Saudi Arabian Oil Co.

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…

18 Oct 2018

Carlyle Group Acquires EnerMech from Lime Rock Partners

 Image: EnerMech

Global alternative asset manager The Carlyle Group announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from Lime Rock Partners.The transaction is expected to close in Q4 2018, subject to customary anti-trust and regulatory approvals.Equity for this investment will come from Carlyle International Energy Partners (CIEP), a $2.5 billion fund that invests in the global oil and gas sector outside North America.

19 Sep 2018

New Hybrid Electric Patrol Boat for Estonia

(Photo: Danfoss)

A new multipurpose 45-meter patrol ship will be used by the Estonian Police and Border Guard Service for a wide range of operations, including firefighting, anti-smuggling and search and rescue missions, but its main use will be in combating pollution threats.The new vessel, Raju, is the largest patrol vessel ever built by Estonia’s Baltic Workboats, and is the first in the firm’s emerging range of battery hybrid patrol ships.From 2021 the Baltic Sea will become an Emission Control Area (ECA)…

27 Aug 2018

Total to Exit Hazira LNG, Sell 26% Stake to Shell

Photo: Hazira LNG and Port

French energy giant Total SA will exit the Indian liquefied natural gas (LNG) venture by selling 26% stake to its partner Royal Dutch Shell, the two companies announced."Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approval of regulatory authorities," said a press statement.In parallel, Total has signed an agreement to sell 0.5 million tons of liquefied natural gas (LNG) per year to Shell over 5 years…

08 Jul 2018

Aegean Brings in Mercuria Energy

Photo: Aegean Marine Petroleum

Listed bunker company Aegean Marine Petroleum has entered a memorandum of understanding with Mercuria Energy Group for a billion dollar refinancing and strategic partnership, says a company press release. Aegean Chairman and independent director of the Board, Donald Moore, said, “As part of the announced strategic review, the new leadership at Aegean has, in short order, brought forward an opportunity to completely redefine and optimize the Company’s capital structure, enhance…

01 May 2018

Buckeye Partners JV Announces Marine Terminal in Texas

Photo: Buckeye Partners, L.P

Buckeye Partners announced the formation of a joint venture with Phillips 66 Partners and Andeavor to develop a new deep-water, open access marine terminal in Ingleside, Texas. The South Texas Gateway Terminal will be constructed on a 212 acre waterfront parcel at the mouth of Corpus Christi Bay. The facility is positioned to serve as the primary outlet for crude oil and condensate volumes delivered off of the planned Gray Oak pipeline from the Permian Basin. The terminal, to be constructed and operated by Buckeye…

10 Apr 2018

First Stern Trawler with Energy Storage

Stern trawler for HAVFISK- Overall length 80 m  Breadth approx. 17 m  Stern trawler Photo Vard

Vard Holdings Limited said it has secured a new contract for the design and construction of a new stern trawler for HAVFISK AS. The contract value is slightly below NOK 400 million. The vessel will be the world’s first stern trawler with an integrated energy storage system, consisting of diesel mechanical/diesel electric propulsion and batteries. The energy storage system together with VARD’s SeaQ Power Management System for power optimization in all operations, will ensure low emission of carbon dioxide, NOx and noise.

14 Mar 2018

Virtue Investment Pumping up to $5 Mln into PBES

PBES and Virtue Investment Fund today announced the completion of terms and transfer of first tranche of funds for an investment into PBES’ parent company TTB Holdings. In a first investment phase Virtue Investment is initially investing up to $5M USD into the group and is committed to investing further during 2018. This investment will provide PBES energy storage both immediate and on going financial support to help develop global markets and position PBES for initial public offering in 2018. “Virtue Investment Fund is the ideal partner to help PBES grow to the next level and deliver existing business,” said Brent Perry, PBES Chief Executive Officer. “We are very happy to have found the right partner to help us grow.

02 Feb 2018

Electric & Hybrid Drives Are Gaining Steam on the Waterfront

Image: Torqeedo

Demand for electric mobility is sweeping across the globe, and it’s rapidly gaining traction in the marine industry. The electric mobility revolution is largely being driven by the land transportation sector. Industry statistics predict that electric vehicle sales will surpass combustion engine vehicles within the next 20 years. Many countries in Europe and Asia have already adopted aggressive deadlines to phase out sales of combustion-powered vehicles, and some cities such as London are planning to banish them from their roads entirely.

10 Dec 2017

CERCG Looking to Ship LNG from Australia's West to East

State-owned China Energy Reserve and Chemicals Group (CERCG) on Monday said it is investigating whether to ship liquefied natural gas (LNG) from Western Australia to the gas-hungry east coast market. The Chinese integrated energy firm, which runs oil and gas projects, processing plants and gas distribution, said in a press release to Reuters that subsidiary CERCG Australia is studying the viability of transporting LNG by road, rail and ship. CERCG Australia's business manager Kevin Gao said the company would use LNG container tanks which can maintain liquefaction for 110 days. "It should be possible for us to ship 100 or 200 of our 40-foot ISO containers, each containing 18 tonnes of LNG, from Australia's West Coast to customers on the East Coast," he said on Monday.

04 Dec 2017

Wärtsilä 20 Diesel Engine Gets a Power Upgrade

The upgraded Wärtsilä 20 engine gaines added power from increased cylinder output of 220kW. (Photo: Wärtsilä)

An upgraded version of the Wärtsilä 20 diesel engine features greater power density thanks to increased cylinder output. The new engine will receive its officially launch at the Marintec conference and exhibition in Shanghai, China from December 5 to 8. According to the manufacturer, the increased maximum output of the new Wärtsilä 20 will enable vessels to accommodate greater payloads or achieve faster speeds with almost the same low fuel consumption as the current version, and will also improve bollard pull capacity for tugs and support vessels.

09 Oct 2017

Chevron Starts LNG Output at Wheatstone Project

Wheatstone Project in Western Australia. Photo: Chevron Corporation.

Chevron Corporation announced it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. “First LNG production is a significant milestone and is a credit to our partners, contractors and the many thousands of people who collaborated to deliver this legacy asset,” said Chevron Chairman and CEO John Watson. At full capacity, the Wheatstone Project’s two train LNG facility will supply 8.9 million metric tons per year of LNG for export to customers in Asia.

14 Jun 2017

Statoil Aims To Triple Production in Brazil By 2030

Photo: Statoil

Norwegian integrated energy player Statoil ASA intends to more than triple its oil and gas production in Brazil by 2030, reports Reuters. Statoil has also approved the Peregrino phase 2 development, which is expected to add 250 million barrels of reserves at a break-even price of below $45 a barrel, down from an original estimate of $70 a barrel. Statoil invested about $10 billion in Brazil and is currently the largest foreign offshore operator in the country. The company operates the Peregrino field in the Campos Basin offshore Brazil with a 60% stake.

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