The US Gulf of Mexico is positioned for another year of record oil production in 2020, according to Norway-based energy research firm Rystad Energy. Deep-water projects will anchor the supply growth. The Gulf of Mexico’s oil production has risen every year since 2013,…
The amount of electricity generated from coal plants around the world is on track to drop by a record 3% in 2019, analysis suggests. Assessment of monthly electricity data from countries worldwide indicates a fall of around 300 terawatt hours from coal in 2019…
Volkswagen Group Logistics has announced that it is the first company to use two car freighters powered by LNG in overseas traffic. According to the statement, the two charter ships of Siem Car Carriers were launched on 15 November in Xiamen, China. Thomas…
DNV GL has published a new recommended practice (RP) for welding and inspection of subsea equipment. The guidance, developed through a joint industry project with 12 operators, contractors and fabricators that started in February 2017, is designed to streamline manufacturing processes and cut lead-times…
The Republic of Ireland’s Electricity Supply Board (ESB) has entered into a partnership with Norway’s Equinor to identify suitable sites for new offshore windfarms in Irish waters and work to mature potential future wind projects. The potential for energy storage technology and other technologies…
Construction is expected to start next month on a multi-million pound project to prepare a yard in Fife for handling North Sea decommissioning jobs. Decommissioning firm CessCon Decom said it was developing one of the UK’s most “advanced” scrapping facilities at Energy Park Fife…
UK’s Labour Party plans to impose a reported £11 billion windfall tax on oil companies, and to delist from the London Stock Exchange those companies which do not help with climate change, its general election 2019 manifesto launched on the 21st November reveals. “We…
Travelers to cease writing cargo at Lloyd’s US carrier Travelers is exiting cargo business at Lloyd’s.
India has launched its biggest privatisation drive in more than a decade, offering majority stakes in three state-owned companies in a bid to raise funds to bridge a widening fiscal gap and boost a slowing economy. The cabinet committee on economic affairs decided on…
In a joint effort between North Sea Port and Titan LNG, the first ship-to-ship (STS) LNG bunkering in the Belgian port of Ghent has been completed. Titan LNG delivered approximately 150 t of LNG to the Fure Valo, an LNG powered tanker, built in…
