RODA responds to Trump EO on Offshore Wind & Permitting
The Responsible Offshore Development Alliance (RODA) extends gratitude to President Trump for his decision to temporarily withdraw all areas on the Outer Continental Shelf (OCS) from consideration for new or renewed wind energy leasing.This important move recognizes the vital role our communities, industries, and ecosystems play in the broader national interest. The decision is a much-needed pause that allows us to reassess the future of offshore wind development and its potential impacts on our coastal environments and local…
Oil minister: Bidding round for $3-4 billion to boost Libya's oil production is expected shortly
Khalifa Abdelsadek said on Saturday that Libya will need between $3 billion and $400 million to achieve a production rate of 1,650,000 barrels of oil per day. He added that the cabinet is expected to approve a new round of license bids before the end January. Abdulsadek stated that the Libyan economy is heavily dependent on oil. It accounts for more than 95% its economic output. Abdulsadek stated that the only way to increase production is by accelerating reconstruction. Abdulsadek stated that the goal was not only to reach 1.6 millions bpd, but also to increase it further to 2 million.
TVO Contracts 4C Global Consultancy to Support UK Clients
Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston, through 4C Global Consultancy, to lead business development efforts for TVO in the UK.“We recently appointed a country manager in Australia and are continuing to add to our global team,” says TVO President Jim Maher. “There is a long-term need for expert subsea support services in the UK, and by engaging a local representative, we are strengthening our commitment to the region, providing an avenue for North Sea operators to access our proven solutions…
Data shows that LNG vessels are due to load at sanctioned Russian Terminals and head for Europe and Asia
Shiptracking data revealed on Tuesday that the LNG vessels scheduled to load at two recently sanctioned Russian export facilities are expected to deliver their cargo mainly to Europe, but also to Asia. The U.S. imposed the most extensive sanctions to date on Friday, targeting Russia's oil revenues and gas revenues. This was done to give Kyiv's new team and Donald Trump leverage to negotiate a peace deal in Ukraine. Washington has designated two LNG terminals in Portovaya, Vysotsk, and their operators, Gazprom Portovaya SPG and Cryogas Vysotsk, respectively, for sanctions relating to the LNG industry. The sanctions are set to take effect on February 27.
Brazil president signs law authorizing offshore wind development
A statement released late Friday said that Brazilian President Luiz inacio Lula da Silveira had signed into law the bill authorizing offshore wind farms. The move was made to improve the energy security of the country and spur a wave investment. In a statement, it was stated that the new law provides incentives for the development offshore energy projects within Brazilian territorial waters. The wind speed offshore is usually faster and more stable than the wind speed on land. This could be an advantage over wind farms constructed on a continent.
Biden Team wraps up expanded Clean Energy Credit Guidance
The Biden Administration released Tuesday guidance to assist companies in securing clean energy tax credits as part of the 2022 Inflation reduction Act. This program finalized a program that extends subsidies previously available for solar and wind to other low-carbon sources. This move is a part of the actions taken by outgoing president Joe Biden to support his administration's efforts to combat climate change. The move could be vulnerable when President-elect Donald Trump assumes office in the coming weeks on a platform that emphasizes cutting spending and maximising fossil fuel production.
BOEM Advances Offshore Wind Leasing in Guam
In support of the current administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035, the Bureau of Ocean Energy Management (BOEM) today announced the publication of a Call for Information and Nominations (Call) for possible wind energy leasing off the coast of the U.S. Pacific Territory of Guam.This Call will gather public comments to inform potential leasing areas, and results from close collaboration with the Government of Guam,…
Vard Completes Conversion of IT Infinity PSV to Cable Laying Vessel
Norwegian shipbuilder Vard has delivered IT Infinity vessel to I.T. International Telecom Marine (IT), after completing its conversion from Platform Supply Vessel (PSV) to specialized Cable Laying Vessel (CLV).Built at Vard Brattvaag and delivered to Volstad Maritime in 2008 as the Volstad Princess, the vessel has changed ownership several times.SD Standard Drilling acquired the ship in 2017, before it was sold to IT in 2021 and renamed IT Infinity.In 2024, the vessel returned to VARD for an extensive conversion, preparing it for its new role as a highly specialized CLV…
Seaspan Energy Completes First STS LNG transfer
Seaspan Energy (Seaspan) has successfully completed its first LNG ship-to-ship transfer to a containership in the Port of Long Beach.This operation marks the beginning of Seaspan’s service offering on the West Coast of North America with two LNG bunkering vessels to soon serve both the Long Beach and Vancouver markets. “Our first ship-to-ship LNG bunkering has been five years in the making and our team is so proud of this milestone especially as this represents the first ship-to-ship bunkering on the West Coast of North America,” said Harly Penner, Senior Vice President, Seaspan Energy.
Philippines communities challenge dash for fossil gas
The government claims that LNG is an alternative to coal, and the capacity to generate it is required to meet the energy demands of Luzon Island, which is also home to Manila, the capital city, located 110 km (68 mi) north. Many people in Santa Clara, an area adjacent to the port's terminal, claim that respiratory illness has increased dramatically, even among children as young five years old. They attribute this to the LNG plants. Welita Abanil is a 69-year-old Santa Clara healthcare worker. Gas plants in the area have also reduced our fishing income. We have nowhere to go. "It's as if we're waiting to die," she said.
Mooreast Appoints Ellingsen as CEO
Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide.Mr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over from Mr Sim Koon Lam, the founder, who will continue to serve as Executive Director and Deputy Chairman of the Group.Mooreast is a total mooring solutions specialist and an ultra-high power anchor manufacturer primarily serving the offshore renewable energy, offshore oil & gas and marine industries.
RSC Bio Solutions Launches FUTERRA Compressor Oils
RSC Bio Solutions launched FUTERRA Compressor Oils, synthetic lubricants designed to meet the performance demands of industrial and marine sectors while addressing sustainability needs.FUTERRA Compressor Oil is formulated with a synthetic, sustainable base oil, offering outstanding thermal stability, long service intervals, and inherent biodegradability. This product is tailored to rotary screw, reciprocating, and other high-performance air compressors in applications where reliability and environmental compliance are critical.FUTERRA Compressor Oil provides a solution for industries that operate in environmentally sensitive areas…
Petrobras signss agreement to supply Vale fuel with renewable content
Petrobras and Vale have agreed to sell Vale diesel containing renewable content. The two Brazilian giants announced the agreement on Friday. The agreement represents a concrete step by Vale in decarbonizing its operations. It also marks a victory for Petrobras, the state-owned oil company that is working to create a market for its sustainable fuels. Petrobras and Vale, two of Latin America’s largest companies in terms of market value, are both owned by Petrobras. Magda Chabriard, CEO of Petrobras, said that the partnership…
HydroWing Technololgy Works, says Dadd
Inyanga Marine Energy Group completed hydrodynamic testing of its Passive Pitch Unit for its patented HydroWing technology, which was recently awarded the largest tidal energy project in the UK in Allocation Round 6 of the UK government’s Contracts for Difference scheme and the company is now on course for deploying a 20MW tidal energy project at Morlais in Wales, in addition to other projects around the world.The hydrodynamic testing was conducted at the Kelvin Hydrodynamics Laboratory at the University of Strathclyde in Scotland.
Russian insurance boosts oil exports to India's top buyer
Data from sources in the shipping and trade industries shows that Russian insurers play a greater role in facilitating oil shipments by Russia to India, which is its largest buyer. This helps to protect Moscow's revenue through exports despite Western sanctions. According to calculations based upon the documents of the vessels, Russian firms insured 60% of Moscow’s oil cargoes bound for India in July. This is up from 40% last December. By using Russian insurance companies, Moscow can sell oil above the $60 per barrel cap that was imposed by the Group of Seven (7 G7)…
Russian insurance boosts oil exports to India's top buyer
Data from sources in the shipping and trade industries shows that Russian insurers play a greater role in facilitating oil shipments by Russia to India, which is its largest buyer. This helps to protect Moscow's revenue from exports despite Western sanctions. According to calculations based upon the documents of the vessels, Russian firms insured 60% of Moscow’s oil cargoes bound for India in July. This is up from 40% last December. Moscow can use Russian insurers to sell oil above the $60-per-barrel price cap imposed by the Group of Seven, the European Union, and Australia in order to limit Russia's revenue from oil following its invasion of Ukraine.
Russia is considering limiting metals exports to the West
In response to Western sanctions, Russian President Vladimir Putin suggested this week that Moscow limit exports of metals or other commodities in which Russia has a large share on global markets. Putin mentioned uranium and nickel as well as titanium, but suggested that other commodities could be restricted, pointing out that Russia is a major producer for natural gas, diamonds, and gold. Putin said that any restrictions do not have to be immediately implemented and they should not harm Russia. Commodity exports provide a major source of foreign currency income for many of Russia's biggest companies.
Chile's quest for algae power is fueled by electric seaweed
In the laboratories of the University of Santiago, scientists are trying to convert algae into a reliable power source. The field they work in is biophotovoltaics. This uses photosynthetic organisms such as seaweed to turn light into electricity. Scientists spread seaweed on electrodes of biophotovoltaic solar panels. The project leader Federico Tasca said that algae use light to oxidize the water and release electrons in the process. These can be used in electric circuits. Tasca explained that similar projects have been done before using microalgae. Microalgae are single-celled organisms.
Min says that seismic work will begin on gas fields shared between Trinidad and Venezuela.
Stuart Young, Trinidad and Tobago's energy minister, said on Facebook on Friday that seismic work is expected to begin in the next few days at the offshore gas fields shared between Venezuela and Trinidad and Tobago. Venezuela issued a license in July allowing for the development of the Cocuina Field, its side of reservoir. In early 2014, the U.S. also approved this project. It will be developed by Britain’s BP and Trinidad’s National Gas Company. Cocuina and Manakin, whose Venezuelan part belongs to the Plataforma Deltana offshore gas project, which is currently idle, have 1 trillion cubic feet in proven reserves of gas.
Two Republicans ask Pentagon to add Chinese Battery Maker CATL to restricted List
Two Republican senators on Wednesday requested that the U.S. Defense Department add Chinese battery manufacturer CATL to a list of restricted companies suspected to be working with Beijing's army. Experts say that companies added to this list are not eligible for U.S. government contracts, and they also face significant reputational risk. Senator Marco Rubio and Representative John Moolenaar of the House Select Committee on China asked Defense Secretary Lloyd Austin, to place CATL, formally known China's Contemporary Amperex Technology Co, on the list. They said "it would send a strong signal to U.S.
