Supply News

 

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)…

Permian Fracking Sets New Records

Aug 07, 2019

Hydraulic fracturing operations in the Permian shattered old records in June. The prolific shale basin in Texas and parts of New Mexico in the US has reached new heights in terms of the number of fracked wells – both on a daily basis and in terms of absolute monthly wells…

MOL to Develop Zero Emission Alt Fuel

Aug 05, 2019

Japanese shipping group Mitsui O.S.K. Lines (MOL) announced that it has joined the Carbon Capture & Reuse (CCR) Study Group and launched the 'Cross-industrial Working Group Related to Zero Emission Alternative Ship Fuels'.The CCR Study group…

Cheniere Working on Sabine Pass Trains 3, 4

Aug 05, 2019

Cheniere Energy Inc said on Monday it is conducting previously scheduled turnarounds on Trains 3 and 4 at the Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana as part of its maintenance plan for the facility.The company did…

U.S. Crude Exports Reach a Record of 3.16 mln bpd

Aug 02, 2019

U.S. crude oil exports surged 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd as South Korea bought record volumes and China resumed purchases, data from the U.S. Census Bureau showed on Friday.South Korea surpassed Canada to become the biggest purchaser of U…

Global LNG Demand 16% Up in Q2

Aug 01, 2019

Global liquefied natural gas (LNG) demand was 86 million tonnes (mt) in the second quarter, compared with 74 mt in the second quarter of 2018, an increase of 16%, said GasLog Ltd.The Monaco-headquartered international owner, operator and manager…

Current News

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

Sinopec Gets Weirong Green Light

Sinopec Gets Weirong Green Light

Woodside Sees Reserve Base Tripling

Woodside Sees Reserve Base Tripling

Wintermar Charters PSV Duo in Indonesia

Wintermar Charters PSV Duo in Indonesia

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