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Latest News - page 266

 

Ørsted Offshore Wind Hub Comes in East Coast

Jul 25, 2019

Ørsted U.S. Offshore Wind announced a landmark agreement to develop Maryland’s first offshore wind energy staging center at Tradepoint Atlantic, a 3,300-acre global logistics center in Baltimore County, Maryland.Establishing a facility for offshore…

Maryland Offers Offshore Wind Grants

Jul 25, 2019

The Maryland Energy Administration (MEA) is launching two offshore wind grants for the 2020 fiscal year, with combined funds of approximately $3 million. Nearly $1.6m will go the Maryland Offshore Wind Capex Program and remaining to the Maryland Offshore Wind Workforce Training Program…

Williams Acquires Deepwater Gas Pipeline

Jul 25, 2019

Williams, the provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks, acquired a deepwater natural gas pipeline system that connects offshore output to its Mobile Bay processing plant…

South-Khadyryakhinskoye Gas Flows

Jul 25, 2019

Russian largest independent gas producer and LNG player Novatek has begun commercial production at the South-Khadyryakhinskoye gas field, whose capacity is estimated at about 1 bcm of natural gas per year.“The South-Khadyryakhinskoye field is…

Kogas, EVC Pact for Vietnam LNG Terminal

Jul 25, 2019

South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam…

Top Turbine Makers to Spend $2.6bln on R&D

Jul 25, 2019

Research and development (R&D) expenses among the world's top ten wind turbine manufacturers are expected to exceed $2.6 billion by 2023.The  R&D expenses more than doubled in the last four years, reaching $1.8m in 2018, as demand grows for ever-bigger on- and offshore models…

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…

TechnipFMC Wins $7.6 Bln Contract

Jul 24, 2019

Oil services company TechnipFMC won a $7.6 billion contract with Russia's Novatek and its partners for the Arctic 2 liquefied natural gas project in western Siberia, pushing TechnipFMC's shares higher.TechnipFMC's Paris-listed shares rose 3…

Beach Energy to Boost Drilling Spend

Jul 24, 2019

Beach Energy, Australia's third-largest independent oil and gas producer, ended the 2019 financial year more cashed up than expected and plans to step up spending on drilling while keeping an eye out for acquisitions, its boss said on Wednesday…

Repsol Profit Beats Estimates

Jul 24, 2019

Spanish energy company Repsol trimmed its full-year earnings outlook on Wednesday as lower oil prices and refining margins weighed on profits, but a share buy-back and better than expected results bolstered its stock.Repsol proposed buying and cancelling 5% of its outstanding shares…

ADNOC, Pertamina Ink Development Pact

Jul 24, 2019

The Abu Dhabi National Oil Company (ADNOC) signed an agreement on Wednesday with Indonesia's state-owned energy company PT Pertamina for oil and gas collaboration in both countries and globally, ADNOC said in a statement.The comprehensive strategic…

Nigerians Pursue Shell Spill Case in the UK

Jul 24, 2019

The Supreme Court in London will hear an appeal by Nigerian farmers and fishermen to pursue claims in England against oil major Shell over oil spills in the Niger Delta, lawyers for the two affected communities said on Wednesday.The decision…

UK-Denmark Subsea Power Cable Gig Awarded

Jul 24, 2019

The Italian electric power transmission specialists Prysmian, German multinational conglomerate Siemens and Swedish cable manufacturer have secured contracts worth a total 1.1 billion euros ($1.2 billion) to build the world’s longest subsea power cable…

Lukoil Hits Milestone at Caspian Offshore

Jul 24, 2019

Russian oil company Lukoil has exceeded 15 million metric tons of cumulative output from its Vladimir Filanovsky field in the Caspian Sea.Moscow-headquartered multinational energy corporation said that full-scale commercial operation of the project started in the fall of 2016…

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…

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