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Van Oord Wins Taiwanese Offshore Wind Contract

May 30, 2018

Dutch marine contractor Van Oord said on Wednesday it had won a 500 million euros ($579 million) contract to build a 640 megawatt (MW) offshore wind farm in Taiwan.Van Oord will design, manufacture and install the eighty foundations for the wind farm…

China to take action against 'uncontrolled' hydro on Yangtze

May 30, 2018

China's has urged local governments along the Yangtze river to survey the environmental damage done by the 'uncontrolled' development of small-scale hydropower, warning that some plants could be closed, according to a government notice on Wednesday…

Refit for Jack-up at Damen Verolme Rotterdam

May 29, 2018

Damen Verolme Rotterdam (DVR)  completed a refit project on the MPI Enterprise, a 120-metre, self-elevating, DP2, wind turbine installation vessel owned and operated by MPI Offshore, part of the Vroon Group.  The works included the installation of spudcans on her four-legged jacking system…

Concordia Boosts Tanker Biz

May 25, 2018

To prepare for a gradually strenghthening tanker market, Concordia Maritime decided to participate in three suezmax tankers chartered in by Stena Bulk. The 158,000 dwt vessels were built in Korea between 2012-2014. The contracts are for 12 months…

China Opening May Spark Iron Ore Markets

May 25, 2018

In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While the growth in iron ore futures and exchanged-cleared swaps has been impressive…

Total to get 10 pct in Russia's Arctic LNG-2 Project

May 24, 2018

French energy major Total will get a 10 percent stake in the future Arctic LNG-2 project led by Novatek, Novatek Chief Executive Leonid Mikhelson said on Thursday. The entire project has been valued at $25.5 billion, Mikhelson told reporters…

North Sea Crude-Forties Bid for First Time this Week

May 24, 2018

Buying interest for North Sea Forties crude reappeared in the trading window on Thursday for the first time this week, but bids were at a discount to the last deal levels. Oseberg stayed the cheapest benchmark grade and the one setting dated Brent's value…

Russia's Novak Says Oil Production Curbs Could Be Eased

May 24, 2018

Russian Energy Minister Alexander Novak said on Thursday restrictions on oil production could be eased 'softly' if OPEC and non-OPEC countries see the oil market balancing in June, the Interfax news agency reported.Novak said OPEC and non-OPEC…

India's GAIL Turns to Spot and Short-term LNG Deals

May 24, 2018

Indian gas utility GAIL (India) has switched its focus to short-term and spot deals for the purchase of liquefied natural gas (LNG) to meet rising demand and hedge against price volatility, its chairman said.The move from longer-term deals comes as India builds infrastructure…

China Could Meet Emissions Pledge Earlier Than Expected

May 23, 2018

China emissions could peak before 2030. China's top climate envoy on Wednesday said the country could meet its pledge to cap carbon emissions ahead of its target of around 2030, while a senior environmental official said plans for a carbon market were on track despite ministerial restructuring…

UN Seeks Traders' Help Enforcing North Korea Sanctions

May 22, 2018

A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped…

US LNG Projects Buoyed by China Import Talks

May 22, 2018

China's interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities.The White House and China on Saturday said a U…

FPSO at Jubilee Oil Field to Close for Fix

May 21, 2018

The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said on Monday.The planned shutdown next Monday of the Kwame Nkrumah production vessel…

Russia's First Sea-borne Nuclear Power Plant Arrives in Arctic

May 21, 2018

Russia's first-floating nuclear power plant arrived in the Arctic port of Murmansk over the weekend in preparation for its maiden mission, providing electricity to an isolated Russian town across the Bering Strait from Alaska.The state company behind the plant…

Tokyo Gas Takes First LNG Cargo from Cove Point

May 21, 2018

Japan received its first shipment of liquefied natural gas (LNG) on Monday from Dominion Energy Inc's newly completed Cove Point export plant, the beginning of a jump in imports from the United States by the world's biggest buyer of the fuel…

Current News

Sponsored: UAE Breaks Ground on World First Gigascale Renewable Energy Project

Sponsored: UAE Breaks Ground on World First Gigascale Renewable Energy Project

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

US Pressure on India Could Propel Russia's Shadow Oil Exports

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