North America is set to lead the next wave of global LNG project sanctions in 2019, with three US Gulf Coast developments –Sabine Pass Train 6, Golden Pass and Calcasieu Pass– expected to reach final investment decision (FID) in the first half of 2019, according to energy consultant Wood Mackenzie.
Oil and natural gas prices will be volatile, but also range-bound in 2019, Moody’s Investors Service said in its annual report outlining key credit themes in oil and gas industry for the year ahead.
Wave and tidal energy market was valued at USD 487.7 million in 2014 and is anticipated to reach USD 11,365 million in 2024, expanding at a CAGR (Compound Annual Growth Rate) of 23% from 2016 to 2024, according to a new report by Market Research Engine.
KrisEnergy Ltd. shut down its Thai oil production at the Wassana field in the G10/48 licence in the Gulf of Thailand and halted drilling of infill development wells by the Mist jack-up rig due to tropical storm ‘Pabuk’. After temporarily shutting down the production, all staff from the Wassana mobile offshore production unit and Mist jack-up rig was safely evacuated to onshore Thailand.
Offshore wind farms in Germany increased their production of electricity over 18.8 Terawatt hours (TWh), which equals to 8% increase in comparison to 17.4TWh generated in the German North Sea and the Baltic Sea in 2017, according to the Fraunhofer Institute for Solar Energy Systems.
Vår Energi has found oil and gas at its appraisal well 7122/7-7 S on the Goliat oil field in the Barents Sea offshore Norway. Its priority goal was to delineate the Goliat field by proving additional resources in Lower Jurassic and Upper Triassic reservoir rocks and secondly to prove petroleum in reservoir rocks in the Upper Triassic (the Snadd formation).
Municipality of Rotterdam and BV Sunny Site Up have signed a letter of intent for the construction of a floating solar park at the Rijnhaven or the surrounding areas. There will be 3,770 solar panels which will be located in the water, together generating sufficient electricity to provide 285 households with clean energy.
The Belgian company, EXMAR, announced that its Floating LNG Liquefaction Unit (FLNG) with the name Caribbean will be renamed Tango FLNG and it has already departed China with destination the port of Bahia Blanca, Argentina, for its liquefaction operations.
The Partnership for Offshore Wind Energy Research (POWER-US) issued a white paper, proposing a framework for offshore wind research and innovation in the US which establishes the relationships, data, systems-level thinking, and strategic research approaches needed to advance the global offshore wind industry.
On Tuesday, December 25, 6 highly trained and well experienced pilots and 5 large tugs of the Suez Canal Authority (SCA) carried out one of the most difficult transits this year as they navigated a giant floating production storage and offloading (FPSO) unit through the canal.
UK Shipping Minister supports equal rights for seafarers18/01/2019
Loading of small seagoing vessels to occur at Wilhelmshaven FSRU18/01/2019
Digitalization to benefit oil and gas sector, report says18/01/2019
IMO: Guidance on ship implementation plan for 2020 compliance18/01/2019
Tallink, TalTech partner to develop smart ship solutions18/01/2019
Three stowaways found on merchant vessel off Port of Miami18/01/2019
Stena Line voyages first next-gen ferry in China18/01/2019
USCG’s only heavy icebreaker reaches Antarctica18/01/2019
ADNOC reduces its fleet emissions by 23%17/01/2019
Egypt reopens five ports due to weather improvement17/01/2019
MLC amendments 2016 on crew welfare enter into forceCasualties
Cable ship capsizes after collision with tanker in Singapore StraitsCasualties
Tanker with 12 crew disappears in Indonesian watersCasualties
Sewol survivors to receive $71,000 in compensation
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