LNG

Limetree Bay refinery to shut indefinitely after just a few months of operating

Limetree Bay Energy will shut its St. Croix refinery indefinitely due to financial problems, the company said Monday, after a series of operational setbacks shuttered the facility.

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  • June 22 @ 8:11 am

It’s too late to avoid a major oil supply crisis

There are a number of observable trends in oil supplies and by extension prices, presently. I am going to discuss one of them in this article. A lack of capital investment in finding new supplies of oil and gas.

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  • June 22 @ 6:30 am

WoodMac: China on top of the LNG market

With Japan’s LNG demand in decline, China is set to become the world’s largest LNG market this year, according to energy intelligence group Wood Mackenzie. The post WoodMac: China on top of the LNG… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 22 @ 5:54 am

OMV Petrom goes into LNG distribution

South-Eastern Europe’s largest integrated energy company OMV Petrom has obtained a license to commercialize LNG. The post OMV Petrom goes into LNG distribution appeared first on Offshore Energy. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 22 @ 5:28 am

LNG-fueled Fure Viten starts carbon-neutral voyage

Swedish shipping company Furetank Rederi AB has announced that its LNG-powered tanker, Fure Viten, departed the China Merchants Jinling Shipyard in Yangzhou for its first zero-emission journey. The… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 22 @ 3:47 am

DSME wins order for 6 LNG-powered ULCVs

South Korean shipping major Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of six ultra large LNG-powered container vessels (ULCVs). The post DSME… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 22 @ 2:05 am

West Coast’s first LNG Bunker Barge to be built to ABS class

American Bureau of Shipping (ABS) will class the first LNG Bunker Barge on North America’s west coast, developed by Cryopeak LNG Solutions Corporation and Island Tug & Barge. The post West… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 22 @ 1:56 am

WTI-Brent spread narrows as oil market tightens

The price gap between the world’s two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied.

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  • June 21 @ 12:07 pm

Magellan and Enterprise team up with Intercontinental Exchange for new Houston crude oil futures contract

Magellan Midstream Partners, L.P., Enterprise Products Partners L.P. and Intercontinental Exchange, Inc. announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.

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  • June 21 @ 11:22 am

Sonatrach closes Algeria’s Skikda LNG

Algerian state energy company Sonatrach has closed its Skikda LNG facility after a technical issue had transpired. The post Sonatrach closes Algeria’s Skikda LNG appeared first on Offshore… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 21 @ 8:24 am

CNPC in for three more LNG carriers at Hudong Zhonghua

China National Petroleum International Corporation (CNPC) has inked a deal on the construction of […] The post CNPC in for three more LNG carriers at Hudong Zhonghua appeared first on Offshore… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 21 @ 8:23 am

GasLog inks new LNG charter agreement with Cheniere

GasLog’s New York-listed spinoff GasLog Partners has signed a charter agreement for the Methane Heather Sally with U.S. LNG producer Cheniere. The post GasLog inks new LNG charter agreement with… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 21 @ 7:55 am

Sypris Wins Awards From Two High-Pressure Energy Projects

LOUISVILLE, Ky.–(BUSINESS WIRE)—- $SYPR–Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received orders for specialty high-pressure closures for use in two large projects, the Golden Pass LNG Export project and the Cherry Point Refinery Renewable Diesel Optimization project. Shipments under these awards are expected to be […]

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  • June 21 @ 7:30 am

Wärtsilä to power HaiSea Marine’s two LNG-fuelled escort tugs

The technology group Wärtsilä will supply the main engines and LNG fuel gas supply […] The post Wärtsilä to power HaiSea Marine’s two LNG-fuelled escort tugs appeared first on Offshore… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 21 @ 6:48 am

KSOE scores order for 2 LNG carriers

South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) has secured the order for two LNG carriers to be constructed by its unit Hyundai Heavy Industries. The post KSOE… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 21 @ 5:42 am

REV LNG orders Mobile Pipeline modules from Hexagon Agility

US-based mobile energy supply company REV LNG has ordered modules to be used to transport renewable natural gas (RNG) from the global provider of clean fuel solutions Hexagon Agility. The post REV… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 21 @ 3:14 am

BASF advances chemical recycling program with UL validation

BASF is implementing innovative chemical processes that convert some waste streams into new, valuable raw materials.

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  • June 18 @ 8:00 am

Teekay LNG declares cash distributions on preferred units

Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has declared cash distributions on the Series A and B preferred units. The post Teekay LNG declares cash distributions on… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 18 @ 6:54 am

The solar energy segment looks set to continue its expansion

Solar energy is expected to play an increasingly important role in the global energy infrastructure, according to a research report by Mordor Intelligence LLP.

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  • June 18 @ 6:30 am

EIA: US weekly LNG exports increase, followed by Henry Hub

Energy Information Administration (EIA) weekly report has shown that LNG exports from the U.S. went up this week, with Henry Hub prices going up as well. The post EIA: US weekly LNG exports… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 18 @ 1:18 am

N. American oil service firms’ pricing and hiring on the upswing

U.S. crude production, which plummeted during the coronavirus pandemic, is ticking back up, despite generally flat spending by oil and gas producers.

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  • June 17 @ 9:02 am

EU approves Alexandroupolis LNG terminal funding

The European Commission has approved €166.7 million ($ 198.9 million) Greek support measure for the construction of a new LNG terminal in Alexandroupolis. The post EU approves Alexandroupolis LNG… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 17 @ 8:14 am

Wärtsilä signs support deals with Nakilat for LNG carriers

The Finnish technology group Wärtsilä has signed several agreements to support LNG carriers owned by Qatar-based Nakilat. The post Wärtsilä signs support deals with Nakilat for LNG carriers appeared… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 17 @ 5:22 am

HHI orders GTT tank design for 4 new LNG carriers

South Korean shipyard Hyundai Heavy Industries (HHI) has ordered the tank design of four new LNG carriers from the French LNG containment specialist GTT. The post HHI orders GTT tank design for 4… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 17 @ 4:48 am

KARMOL’s first FSRU arrives in Senegal

KARMOL’s first FSRU has arrived in Dakar, marking a step forward in KARMOL’s LNG transition in Senegal. The post KARMOL’s first FSRU arrives in Senegal appeared first on Offshore Energy. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 17 @ 2:35 am

Construction begins on Royal Caribbean’s 1st LNG-powered cruise ship

Finnish shipbuilder Meyer Turku has started construction on Icon of the Seas, Royal Caribbean International’s first LNG-powered cruise vessel. The post Construction begins on Royal… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 17 @ 2:15 am

H-Energy team up with Petrobangla to supply LNG to Bangladesh

Indian natural gas company H-Energy Global has signed a Memorandum of Understanding (MoU) with Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) to supply re-gasified LNG to… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 17 @ 1:42 am

Zvezda lays keel for lead Arctic LNG 2 carrier

On 15 June 2021, Zvezda Shipbuilding Complex hosted a keel laying ceremony for a new Arctic LNG carrier ordered by energy shipping company PAO Sovcomflot (SCF Group). The post Zvezda lays keel for… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 16 @ 9:00 am

U.S. judge orders resumption in federal drilling auctions in setback for Biden

A federal judge in Louisiana has blocked the Biden administration’s pause on oil and gas leasing on public lands and waters, dealing a setback to a key White House effort to address climate change.

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  • June 16 @ 8:04 am

Tsuneishi bags ClassNK AiP for LNG-fueled Kamsarmax bulker design

Japanese classification society Class NK has awarded approval in principle (AiP) to Japan’s shipbuilding company Tsuneishi Shipbuilding for its concept design of LNG-fueled Kamsarmax bulk carrier…. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 16 @ 6:42 am

Equinor awards Subsea Integration Alliance EPCI contract for Bacalhau

Houston-based Schlumberger announced Tuesday an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil.

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  • June 16 @ 6:30 am

NFE granted permits for Pichilingue LNG terminal

New York-based gas-to-power developer New Fortress Energy (NFE) has been granted several approvals for its LNG import terminal in the port of Pichilingue, Mexico. The post NFE granted permits for… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 16 @ 5:44 am

Rio Tinto, ARENA look into hydrogen to reduce CO2 emissions

Anglo-Australian metals and mining corporation Rio Tinto has partnered with the Australian Renewable Energy Agency (ARENA) to study whether hydrogen can replace LNG in alumina refineries to reduce… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 16 @ 4:30 am

Oceania, Kanfer to build ammonia-ready LNG bunkering vessel

Kanfer Shipping AS, a Norway-based shipping company focusing on small-scale LNG and LNG bunkering, […] The post Oceania, Kanfer to build ammonia-ready LNG bunkering vessel appeared first on… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 16 @ 3:26 am

LNG carrier Aristarchos delivered to Capital Gas

Greece’s Capital Gas Ship Management has taken delivery of Cheniere-chartered LNG carrier Aristarchos, built by South Korea’s Hyundai Heavy Industries. The post LNG carrier Aristarchos delivered to… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 16 @ 1:48 am

GasLog’s LNG newbuild GasLog Wellington delivered

LNG shipper GasLog has welcomed its Cheniere-chartered LNG newbuild GasLog Wellington, arriving from Samsung Heavy Industries shipyard. The post GasLog’s LNG newbuild GasLog Wellington… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 15 @ 9:22 am

Lake Charles fire partly to blame for ‘worst chlorine shortage the country has ever seen’

A fire last August in south Louisiana during Hurricane Laura is being blamed in part for creating “the worst chlorine shortage the country has ever seen”—much to the dismay of swimming pool owners, The Washington Post reports.

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  • June 15 @ 9:00 am

Ara Partners acquires Anesco Holdings, parent co. of UK’s renewable energy Anesco Group

Houston-based Ara Partners, an industrial decarbonization-focused private equity firm, announced that it has acquired Anesco Holdings, the parent company of the Anesco Group.

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  • June 15 @ 6:30 am

Chart scores helium liquefaction order for Russia

US-based LNG engineer Chart Industries has booked a helium liquefaction order for “one of the largest independent oil and gas producers in Russia.” The post Chart scores helium liquefaction order… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 15 @ 4:30 am

Magellan Midstream announces sale of independent terminals

Magellan intends to use the proceeds from this transaction consistent with its stated capital allocation priorities.

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  • June 14 @ 3:01 pm

Shell weighs blockbuster sale of Texas shale assets

Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, reports Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.

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  • June 14 @ 8:11 am

NYK to order 12 LNG-fueled car carriers

Japan’s shipping company NYK Line will order 12 new LNG-fueled vehicle carriers for $912 million (100 billion yen) to reduce CO2 emissions. The post NYK to order 12 LNG-fueled car carriers appeared… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 14 @ 6:24 am

Tourmaline buys rival company and eyes Canadian LNG exports

Tourmaline Oil has acquired privately owned energy company Black Swan Energy, as a part of the plans of supplying Canadian LNG export terminals, with North Montney as the key sub-basin. The post… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 14 @ 4:51 am

Donsötank Rederi’s 2nd LNG-fueled tanker hits the water at Wuhu Shipyard

Rederi AB Donsötank, a Swedish family-owned shipowner, has launched its second LNG-powered oil products and […] The post Donsötank Rederi’s 2nd LNG-fueled tanker hits the water at Wuhu… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 14 @ 4:31 am

Air Products to build net-zero hydrogen complex in Canada

U.S. LNG equipment maker Air Products has revealed a multi-billion dollar plan to build a new net-zero hydrogen energy complex in Edmonton, Alberta, Canada. The post Air Products to build net-zero… [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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  • June 14 @ 3:38 am

NexTier announces successful field test of natural gas-powered eFrac engines

NexTier Oilfield Solutions Inc. announced that it successfully field tested the NOV Ideal eFrac pump with power sourced from multiple natural gas reciprocating engines.

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  • June 13 @ 6:30 am

Schlumberger and Panasonic Energy collaborate on new lithium production process

Houston-based oil field services giant Schlumberger and Panasonic Energy of North America will collaborate on a new battery-grade lithium production process to be used by Schlumberger New Energy at its Neolith Energy pilot plant in Nevada.

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  • June 12 @ 6:30 am

Biden considers giving refiners relief from U.S. biofuel laws, sources say

President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates.

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  • June 11 @ 3:09 pm