Daily Archives: October 21, 2020

China going carbon neutral: What will it mean for shipping?

By Jasmina Ovcina In September, China’s President Xi Jinping pledged before the UN General Assembly to make China carbon neutral by 2060. This is a bold goal for the world’s largest polluter at a time when the nation is planning to develop nearly 150 gigawatts worth of coal power plants. The momentuThe post China going…

ABS approves DMSE’s FLNG hull design

By Adnan Bajic American Bureau of Shipping (ABS) has approved Daewoo Shipbuilding & Marine Engineering’s FLNG hull design. The post ABS approves DMSE’s FLNG hull design appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Oil Search revenue hit by LNG contracts pricing lag

By Adnan Bajic The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue in the third quarter of 2019. Courtesy of Oil Search Revenue for the third quarter reached $189 million. This was 29 per cent down on the previous quarter. It was also 47.6 per…

Third loss in a row for Baker Hughes

By Adis Ajdin Oilfield services major Baker Hughes has booked $170 million loss in the third quarter […] The post Third loss in a row for Baker Hughes appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Consortium sets sights on commercializing ammonia-fuelled ships

By Jasmina Ovcina Danish investment entity Innovation Fund Denmark has announced the establishment of a consortium to develop a two-stroke, ammonia-fuelled engine for maritime shipping. It aims to specify and demonstrate an entire, marine-propulsion system that will pave the way for the first commercial order for an ammonia-fuelled vessel. MAN Energy Solutions will lead the…

PGNiG to buy Danish offshore gas from Ørsted

By Bojan Lepic Danish offshore wind developer Ørsted has signed a deal to sell gas to Polish oil and gas company PGNiG under a multi-year contract. The post PGNiG to buy Danish offshore gas from Ørsted appeared… … Read Full Article Here For more great articles: Offshore Energy Today

Spanish yard set to deliver Johan Sverdrup module

By Nermina Kulovic Spanish yard Navantia has completed and is ready to deliver a module built for the Equinor-operated Johan Sverdrup field located offshore Norway. The post Spanish yard set to deliver Johan Sverdrup… … Read Full Article Here For more great articles: Offshore Energy Today

India’s September LNG imports up

By Adnan Bajic India saw an increase in liquefied natural gas (LNG) imports during the month of September 2020. The oil ministry’s Petroleum Planning and Analysis Cell notes that LNG imports reached 2.97 billion cubic meters in September. This is a 6.2 per cent increase over the 2.79 billion cubic meters of LNG imported in…

Enagás posts nine-month profit rise

By Adnan Bajic Spanish LNG terminal operator Enagás reported a 4.7 per cent rise in its nine-month profit. The post Enagás posts nine-month profit rise appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Ultrabeam and USS deliver autonomous pipeline survey

By Adis Ajdin UK-based companies Ultrabeam Hydrographic and Unmanned Survey Solutions (USS) recently teamed up to conduct […] The post Ultrabeam and USS deliver autonomous pipeline survey appeared first on… … Read Full Article Here For more great articles: Offshore Energy Today