Supply News

 

LNG Market Recovers in Q2, Says Flex LNG

Aug 21, 2019

During the second quarter 2019, spot liquefied natural gas (LNG)  freight rates stabilized and started gradually to recover, says Flex LNG, the owner of LNG carrier vessels and floating storage regasification units (FRSUs).Unseasonably slow…

Castle Wind signs MoU for 1GW California OWP

Aug 19, 2019

Monterey Bay Community Power (MBCP) and Floating wind power developer Castle Wind, a joint venture between Trident Winds and EnBW North America, have signed a memorandum of understanding (MOU) to enter into a future, long-term power-purchase…

Gazprom Oil Touch 100mln Barrels at Badra

Aug 18, 2019

Russian oil producer Gazprom Neft said that its subsidiary Gazpromneft-Badra has now produced 13.5 million tonnes — or 100 million barrels — of oil in Iraqi oil field.Cumulative production at the Badra field in the five years since this asset…

Offshore Wind: Regulatory “Takes” – Take a Close Look

Aug 17, 2019

On April 30 the National Oceanic and Atmospheric Administration (NOAA) published a notice, requesting public comments, on a proposed “incidental harassment authorization” (IHA).  An IHA is a legal and enforceable document presenting the terms…

Concordia Expects Stong Tanker Market

Aug 16, 2019

During the first half of 2019, the tanker markets produced voyage result per day levels that exceeded the corresponding period in the slump year 2018 by 50-100 percent, said Concordia Maritime.The Swedish international tanker shipping company's…

AMSC Bags Wind Turbine ECS Order from AMSC

Aug 16, 2019

The US-based energy solutions provider AMSC announced it has received a $9 million order for its 5.5 MW wind turbine electrical control systems from the Korean power company Doosan Heavy Industries & Construction (DHIC)AMSC signed an agreement…

North Sea Spot Market Remains Challenging

Aug 14, 2019

The North Sea spot market has improved during the second quarter of 2019, as a result of increased rig activity, said Viking Supply Ships.However, the Norway-based supply shipping company expects that the overall market conditions will likely remain somewhat challenging…

UK Gas Prices Rise as Norway Imports Dip

Aug 13, 2019

British wholesale gas prices rose on Tuesday morning as imports from Norway fell, creating undersupply.Within-day gas price up 1.30 pence at 31.20 pence per therm by 0809 GMT.Day-ahead gas price up 0.90 p at 30.50 p/therm.'Prompt prices are all up a bit on lower supply…

PetroLogistics Contract Goes to McDermott

Aug 12, 2019

Texas-based PetroLogistics II, a portfolio company of Quantum Energy Partners, has awarded McDermott International, Inc. a contract to provide front-end engineering design (FEED) services for a new U.S. Gulf Coast propane dehydrogenation (PDH) plant…

Offshore Wind Cable Market to Reach $3B

Aug 12, 2019

The global offshore wind cable market is estimated to grow at CAGR above 16% over the forecast time frame 2019 to 2026 and reach the market value around $3 billion by 2026.The demand for offshore wind cables has seen significant development…

Mayer Brown Advises on HK FSRU Project

Aug 12, 2019

Law firm Mayer Brown advised CLP Power Hong Kong on the Hong Kong offshore LNG terminal project, which involves the use of floating storage and regasification unit (FSRU) technology for the first time in Hong Kong. The FSRU will receive, store…

Oil Outlook Becomes Gloomier: Rystad

Aug 09, 2019

Rystad Energy said the oil market was going “from gloomy to gloomier”, calling into question the consultancy's own bullish view for the first part of 2020.Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team…

Qatar Invests in US Midstream Crude firm

Aug 09, 2019

Qatar's sovereign wealth fund Qatar Investment Authority (QIA) has purchased a significant stake in US-based Oryx Midstream Services, the largest privately held crude midstream provider in the Permian Basin.The stake was acquired from an affiliate of Stonepeak Infrastructure Partners…

Jan De Nul Installs Cables for Formosa

Aug 08, 2019

The provider of specialized services for the offshore industry, Jan De Nul Group said that its cable laying vessel Willem de Vlamingh has completed installation of the three export cables at the 120MW Formosa 1 phase two offshore wind farm in Taiwan…

Total's Investments in Tellurian Totals $907mln

Aug 08, 2019

Tellurian, an integrated global natural gas business firm, announced that it entered into definitive agreements with subsidiaries of Total S.A. for a $500 million equity investment in Driftwood Holdings LP, and related purchase of liquefied natural gas (LNG)…

Current News

Sarawak Seeks to Recoup Tax from Petronas

Sarawak Seeks to Recoup Tax from Petronas

Thunder Cranes Wins Chevron Contract

Thunder Cranes Wins Chevron Contract

KMG, Tatneft Outline Cooperation Roadmap

KMG, Tatneft Outline Cooperation Roadmap

China to Cut Renewable Power Subsidy

China to Cut Renewable Power Subsidy

CNPC Inks Two Cooperation Deals in Kazakhstan

CNPC Inks Two Cooperation Deals in Kazakhstan

RDIF Says Oil Demand May Rise

RDIF Says Oil Demand May Rise

CNPC's $8.5 Bln Gas Storage Project Starts Construction

CNPC's $8.5 Bln Gas Storage Project Starts Construction

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