Novatek in Talks on LNG Transhipment
Russia's liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia's Murmansk because it is unsure of the impact of U.S. sanctions on the Chinese COSCO tankers it uses, a Novatek official said.The United States imposed sanctions on Sept. 25 on state-owned COSCO's subsidiaries, COSCO Shipping Tanker (Dalian) Co and COSCO Shipping Tanker (Dalian) Seaman & Ship Management…
KCA Deutag Wins $168mln Russian Gig
Global drilling and engineering contractor KCA Deutag (KCAD) announced that its land drilling operation has won three new contracts in Russia worth approximately $168m.These contracts are for eight high performance land rigs, seven of which were previously built by Bentec, KCAD's rig and oilfield equipment manufacturer. The first contract is with an existing…
DNV GL Pact with WeatherTech on Wind Turbines
DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that it has joined forces with Swedish atmospheric science experts, WeatherTech.The combined expertise of both companies will enable the development of the most advanced icing model for wind turbines available on the market, allowing customers to better predict the performance of turbines in cold climates.In cold climates…
Transneft, Rosneft Squabble over Oil Contract Terms
A longstanding dispute between Russia's Rosneft and pipeline monopoly Transneft has flared again this week, with the country's biggest oil producer holding out on signing a contract for 2017. Transneft boss Nikolai Tokarev and Rosneft's Chief Executive Officer Igor Sechin, have been battling for influence, with the Transneft chief concerned by Rosneft's growing might.
Dynagas Partners inks long-term deals for two LNG Vessels
Monaco – March 31, 2016 –Dynagas LNG Partners LP. * Gazprom Global LNG Limited has extended its current charter for the 2007-built LNG carrier Ob River, on the same terms, until May 1, 2018 (plus or minus 15 days). In addition, the Partnership has entered into a new long-term time charter agreement with Gazprom Marketing and Trading Pte. Ltd., an affiliate of Gazprom…
Russia: Asian Firms Will Step in Western Oil Majors Depart
Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said. Donskoi told Reuters that Asian companies had signalled their interest as the United States targeted cooperation with Russia in exploring or producing oil from the Arctic offshore, deep water or shale projects. Those companies affected by the sanctions have until Sept.
Arctic Energy Exploration Efforts Heat Up
Oil and gas—and also mining—are the drivers today propelling Arctic maritime operations and the construction of new vessels able to operate in extreme latitudes. While the gas and oil resources can be recovered in the Arctic or far north and shipped to markets by sea or pipeline, the cost of doing must be balanced upon the global market price for those commodities.
Fluxys Terminal to Tranship LNG for Yamal
Yamal LNG, a Russian project to produce liquefied natural gas from 2017, has chosen Fluxys' terminal in Zeebrugge, Belgium, as the transhipping point for gas from the peninsula in northern Russia. Russia's Novatek holds 60 percent in Yamal LNG, while France's Total and China's CNPC own 20 percent each. "Fluxys will now carry out all technical, permitting and regulatory processes with a view to provide LNG transshipment services," Yamal LNG said.
