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China to Overtake Japan in LNG Imports

Jul 24, 2019

Japan could lose its position as the world’s top LNG importer to China as early as 2022, said a new report by consultancy group Wood Mackenzie.By then, LNG imports in Japan are expected to decline 12 per cent to 72.8 million tonnes per annum (mmtpa) compared to 2018…

EM&I Bags Japanese FPSO Operator Contract

Jul 24, 2019

International asset integrity specialist EM&I Group received an order from a major Japanese FPSO operator for an FPSO based offshore New Zealand.The order  initially for tank inspection during which time EM&I’s ‘NoMan’ robotic tank inspections…

Trump Camp Split on Chevron's Venezuela License

Jul 23, 2019

The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday…

Freeport LNG Reaches Milestone

Jul 23, 2019

Freeport LNG has reached final commissioning on Train 1 of its liquefaction project on Quintana Island in Freeport, Texas, following months of construction delays.American multinational engineering firm McDermott International along with its partners…

Kawasaki Begins Hydrogen Project

Jul 22, 2019

Japanese public multinational corporation Kawasaki Heavy Industries and its subsidiary company based in Melbourne Hydrogen Engineering Australia announced commencement of construction work to build the Hydrogen Liquefaction and Loading Terminal…

Schlumberger Names New CEO, Tops Revenue

Jul 19, 2019

Schlumberger NV said on Friday Chief Operating Officer Olivier Le Peuch will replace longtime Chief Executive Officer Paal Kibsgaard, as the company looks to shore up its position as a leader in drilling technology.The world's largest oilfield…

New York Awards Offshore Wind Contracts

Jul 18, 2019

New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, procuring more of the renewable power than it had planned as part of Governor Andrew Cuomo's ambitious plan to slash greenhouse gas emissions…

LNG Project Sanctions Set Records in 2019

Jul 14, 2019

Rystad Energy expects LNG greenfield investment in 2019 to reach almost $103 billion, which will be the biggest investment year for the burgeoning industry to date.A total of 33 million tpa of liquefaction capacity and $29 billion of Capex has been sanctioned so far this year…

U.S. Oil Makes it to Ukraine, a blow to Moscow

Jul 12, 2019

U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil…

ABS, MARIN Launch Wind Propulsion Project

Jul 12, 2019

The classification society ABS and Netherlands based research institute MARIN have launched a Joint Industry Project (JIP) to investigate transparent and validated methods to assess performance of wind-assisted shipping propulsion technologies…

EU Threatens Turkey with Sanctions over Cyprus Drilling

Jul 11, 2019

The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's 'illegal' drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows…

LDA Ventures into Wind-Powered Shipping

Jul 09, 2019

French family-owned maritime transportation group Louis Dreyfus Armateurs (LDA) is venturing into wind-powered shipping as the group sees the benefits of operational savings and a need for decarbonisation.LDA Group has become the latest member…

McDermott-Chiyoda Sign Cameron LNG Deal

Jul 08, 2019

American multinational company McDermott International and its joint venture member Chiyoda have reached an agreement with Cameron LNG related to the construction of its LNG liquefaction project in Louisiana.McDermott and Chiyoda are providing the engineering…

Corpus Christi Train 2 Delivers 1st LNG Cargo

Jul 05, 2019

Bechtel Corporation and Cheniere Energy  have completed the first liquefied natural gas (LNG) commissioning cargo from Train 2 at the Corpus Christi Liquefaction (CCL) export terminal in Texas, US.A joint press release from the firms said that…

The Fundamentals of AI in Oil and Gas

Jul 03, 2019

The oil and gas industry has cutting-edge technology when it comes to the processes of drilling for oil, but when it comes to invoicing and scheduling crews and equipment, the technology is rather basic. On top of the antiquated technology for administration work…

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