LPG: Dual-Fuel Engines Prove Their Worth
BW LPG has demonstrated the value of dual-fuel LPG operations beyond the company’s initial aim of meeting IMO 2020 Sulphur Cap regulations.In October 2020, the LPG carrier BW Gemini became the first very large gas carrier (VLGC) to have its low-speed main engine converted to an LPG dual-fuel engine. The project started several years earlier…
Offshore Energy Outlook for 2020
The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn. Operators, service companies and equipment suppliers have been forced to adjust to oil selling at prices well below the $100+ per barrel mark seen in years past.
Offshore Wind: a Freshening Breeze?
July brought news about offshore wind. There was something for everyone: optimism, disappointment, and construction, too.Finally, starting with Dominion Energy’s Coastal Virginia Offshore Wind Project, a joint venture with Danish wind developer Orsted is underway. True, this is a small project – just two wind turbines to be installed 27 miles east of Virginia Beach.
Green Maritime Methanol Project Gets a Boost
Shipowners, shipyards, manufacturers and ports have joined forces to investigate the feasibility of methanol as a sustainable alternative transport fuel in the maritime sector.Major shipowners Boskalis, The Royal Netherlands Navy, Van Oord and Wagenborg Shipping will take part in the consortium, together with shipbuilders, Damen Shipyards…
Jenkins Joins Well-Safe
Well-Safe Solutions has appointed a director of well abandonment to its growing list of decommissioning experts, bringing the senior team to nine since launching this summer. Matt Jenkins has joined Well-Safe from Conoco where he led its UK P&A (plug and abandonment) Engineering and Strategy and was pivotal in the Southern North Sea Decommissioning project.
Palfinger Plans to buy Norway's TTS Group
PALFINGER AG, a company listed on the Vienna Stock Exchange and headquartered in Bergheim/Salzburg, intends to make a takeover bid, via its subsidiary Palfinger Marine GmbH, Salzburg, for all of the shares in Norwegian Bergen-headquartered TTS Group ASA. For every share traded on the Oslo Stock Exchange, a cash amount of NOK 5.60 would be offered.
China State Grid Interested in Abengoa's Brazil Assets
China State Grid is very interested in acquiring energy transmission projects in Brazil belonging to Abengoa SA and is conducting due diligence on the assets, the director of electric energy regulator Aneel said on Wednesday. Work on the projects stalled last year after the Spanish firm ran into financial problems, and Aneel director Jose Jurhosa said the regulator has been in talks with Abengoa.
Floating Production's Future: The 6 Things You Need to Know Now
No question that the market for new floating production systems has taken a battering. The past 12 to 18 months have been a difficult period for everyone in the business sector. Absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending. But deepwater production will…
Vallur Appointed Group Vendor Manager, GAC’s Oil & Gas
GAC has reinforced its long-term commitment to the oil & gas industry with the addition of a Group Vendor Manager to its dedicated Oil & Gas team. Based at the Corporate HQ in Jebel Ali, Dubai, Madhu Vallur, oversees third party suppliers and agents GAC works with to support the sector. He is responsible for vetting appointment of freight forwarders…
Enseda Shipbuilding & Surviving the Petrobras Crisis
Enseada Shipbuilding was established to build deepwater drillships for Petrobras. Seventy percent of the company is owned by a consortium composed of Brazilian companies, Odebrecht (50 percent), OAS (25 percent), UTC (25 percent), with the remaining 30 percent belonging to Japanese shipbuilding giant, Kawasaki Heavy Industry (KHI).
Petrobras Reaches Deal for Reorganization of Sete Brasil
Brazilian state-run oil company Petrobras and other investors reached an agreement to approve the restructuring plan of ailing oil-drilling-rig builder Sete Brasil Participações SA, two leading local newspapers reported on Friday. The plan would pave the way the refinancing of Sete Brasil's $3.8 billion in debt. Shareholders reached…
Magnolia LNG Completes Management Team
Magnolia LNG LLC (MLNG), the wholly owned subsidiary of Liquefied Natural Gas Limited has completed the staffing of it’s senior management team through the appointment of experienced LNG industry personnel to the final two open positions. Mr. Richard Wheeler has joined MLNG as Process Technology Manager; in this role he will be…
India, US Trying to Get Nuclear Deal Over Line
India and the United States were trying to narrow differences on nuclear trade on Thursday ahead of President Barack Obama's visit, but New Delhi ruled out a change in its liability law that has choked off U.S. investment. Nuclear commerce worth billions of dollars was meant to be the centrepiece of a new strategic relationship between the United States and India…
Russian Hydroelectric Rebuilding Begins
Rosneft Head, Executive Secretary of Russian Presidential Commission on Strategic Development of the Fuel and Energy Sector and Ecological Safety Igor Sechin participated in the ceremony of reconstruction of Sayano Shushenskaya Hydroelectric Station. Russian President Vladimir Putin gave the command via video linkup to launch the…
Western Train Makers Fight Back with Hi-tech Interiors
Trains are likely to become more like long-haul planes, with customised carriages and tablets embedded into hi-tech seats, as Western manufacturers fight back against cheaper Chinese rivals and Europe's railways open up to greater competition. Europe's rail passengers may feel their comfort has long been overlooked by an industry…
Rosneft Increases Oil Production at Tuapse Refinery
As part of works on finishing construction of Tikhoretsk-Tuapse-2 long-distance pipeline, including building of the engineer protection equipment on mountain tract of the pipeline and on the head tract of the pipeline, after finalizing a complex under oil test, the crude charge to Tuapse refinery on 0-185 km site has been commenced, in accordance with the project.
DNV GL Project Addresses Subsea Structural Well Integrity
DNV GL inform that they are leading a broad industry collaboration to address structural well integrity. Fatigue loading on subsea wellhead systems from riser and rig motions has been subject to increased attention in recent years. In an effort to enhance how the offshore industry is carrying out wellhead fatigue assessments, 16…
China Buying for $24b Nuclear Projects
Westinghouse in talks to sell eight AP1000 Reactors; Nuclear plants, with machinery and services, may cost $24 billion. China may sign as early as next year the first of several contracts for eight new nuclear reactors from Westinghouse Electric Co, as the government presses ahead with the world's biggest civilian nuclear power expansion since the 2011 Fukushima disaster in Japan.
Nautilus Minerals Completes Assembly of Bulk Cutter
Nautilus Minerals Inc. (TSX:NUS, OTCQX: NUSMF) announced that assembly of the Bulk Cutter (BC), which is the first of the Seafloor Production Tools (SPTs), has been completed. Nautilus' CEO, Mike Johnston said "This is a major milestone for the Company, having the first of the three SPTs assembled. Subsea vehicle designer and manufacturer…
Floating Production
Douglas-Westwood forecast that between 2013 and 2017, $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. A total of 121 floating production units are forecast to be installed – a 37% increase. This growth is driven by multiple factors, such as a larger proportion of newbuilds and conversions compared to redeployments…
