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Brent Tops $70 after Houthi Attack on Saudi Oil Export Hub

Mar 08, 2021

Yemen's Houthi forces fired drones and missiles at the heart of Saudi Arabia's oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security.The Saudi energy ministry said there were no casualties or loss of property from the attacks. The defense ministry said it intercepted an armed drone coming from the sea prior to hitting its target at an oil storage yard at Ras Tanura…

AG&P Gets OK to Develop the Philippines LNG Import Terminal in Batangas Bay

Mar 08, 2021

- Atlantic Gulf & Pacific Company (AG&P) said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.The firm, part owned…

China Energy Terminals on Alert as Sea Ice Slows Ships

Jan 12, 2021

Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of northern Bohai Bay.A cold wave sweeping the…

CNOOC Leads First LNG Group Purchasing on Shanghai gas exchange

Dec 30, 2020

Chinese state-owned China National Offshore Oil Corp (CNOOC) has led the first group purchasing order for liquefied natural gas (LNG) on the Shanghai Petroleum and Natural Gas Exchange, the bourse said in a statement on Wednesday.The 120,000…

Jiasheng Gas to Build $380M LNG Terminal in Jiangsu, China

Dec 24, 2020

China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said…

Höegh LNG to Supply FSRU in India in Q1 2021

Nov 19, 2020

Höegh LNG has entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh, India from as early as the first quarter of 2021.Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination options after year five…

Japan's JERA Launches LNG Bunkering Business

Oct 21, 2020

JERA, the world's biggest liquefied natural gas(LNG) buyer, said on Wednesday that it has begun LNG bunkering business in central Japan through its joint venture with Kawasaki Kisen Kaisha, Toyota Tsusho and Nippon Yusen KK.The move is aimed…

China's Zhoushan Port Sees Marine Fuel Sales Rise

Oct 14, 2020

Sales of marine fuel from the Chinese port of Zhoushan, the country's top supplier of shipping fuel, in the first nine months of 2020 rose nearly 18% from a year earlier, a local government official said on Wednesday.Zhoushan supplied 3.26 million…

Sri Lanka Working to Stop Fuel Leak from Fire-hit Oil Tanker

Sep 11, 2020

A salvage team is still trying to plug a fuel leak from the fire-stricken New Diamond oil supertanker, Sri Lankan Navy spokesman Indika de Silva said on Friday.The tanker, which is carrying the about 2 million barrels of oil, caught fire on Sept…

Sri Lanka: Fire-hit Tanker Towed Further Offshore as Wind Picks Up

Sep 10, 2020

The Sri Lankan navy has towed a fire-stricken supertanker further out to sea to keep it off the coast of the Indian Ocean island after the wind picked up strength and changed direction, a spokesman said on Thursday.The tanker, loaded with 2 million barrels oil…

Delta Offshore Energy to Use Stena Tech for LNG to Power Project in Vietnam

Sep 02, 2020

Delta Offshore Energy (DOE), a company developing an offshore gas to power project in Vietnam, has signed a technology license agreement with Stena Power & LNG Solutions.Under the agreement, Stena will grant DOE a license to use its Jetty-Less…

Shell to Shut Down Philippine Refinery and Turn It into Import Terminal

Aug 13, 2020

The Philippine unit of Royal Dutch Shell said on Tuesday it will permanently shut one of the country's two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according to analysts.Pilipinas Shell Petroleum Corp said its 110…

Two New Tugs Being Built for China Petroleum

Jun 01, 2020

Shipbuilder PT. Graha Trisaka Industri, in Batam, Indonesia is building a pair of new TRAktor V-3200 tugs for China Petroleum Corporation (CPC), of Taiwan.The shipyard, with support from Robert Allan Ltd., was awarded the construction contract by CPC following an international bid process…

Sinopec's Largest Petrochemical Port Starts Operations with VLCC Arrival

May 11, 2020

China's energy and chemical giant Sinopec has said it has put China's largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude carrier (VLCC) from the Middle East. The tanker was welcomed at the new 300…

Shared CTV Monitoring Drives Efficiencies for Wind Farm Ops

Sep 06, 2019

Shared monitoring systems that provide comprehensive insight into CTV capabilities and limitations will support safety, planning & cost reduction for offshore wind owners. Offshore wind project owners are missing out on significant cost savings…

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