By Adnan Bajic Australian resource company BHP signed the first LNG supply deal for its Newcastlemax bulkers with Shell. FueLNG Bellina The five vessels will transport iron ore between Western Australia and China from 2022. Shell has been awarded the contract to fuel the vessels, which BHP will charter from Eastern Pacific Shipping (EPS) for…
By Nermina Kulovic Norwegian oil production in October 2020 was below forecast by the NPD due to effects of strike action as well as maintenance operations on some fields. The post Norway: October oil output hit by… … Read Full Article Here For more great articles: Offshore Energy Today
By Jasmina Ovcina Image courtesy: DNV GL DNV GL pointed to a relatively limited uptake of hydrogen as a ship fuel in the fourth edition of its Maritime Forecast to 2050 presented on Tuesday. The surprising assessment is a result of both the estimated price of the fuel and the investment costs for the engine…
By Adnan Bajic The distribution of liquefied natural gas (LNG) as fuel for long-distance haulage has only recently started gaining momentum in Germany. Courtesy of Iveco The segment has been experiencing a boom across Europe for a while, German LNG Terminal, the joint venture aiming to build and operate an LNG terminal in Brunsbüttel, said…
By Adnan Bajic Australia’s LNG capacity expansion is nearing its end and although the country has taken over the LNG exporter top spot in 2019-20, the earnings are expected to dip. Courtesy of Woodside In its Resources and Energy Quarterly report, Australia’s Department of Industry, Science, Energy and Resources, noted that the latest wave of…
By Bojan Lepic Oil giant BP is expecting massive reductions to asset values during the second quarter of 2020 as a result of the combined hit of the oil price plunge and the COVID-19 pandemic. The post BP assets… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic Australia’s energy infrastructure company, Jemena, has submitted plans to the New South Wales government to connect a proposed LNG import terminal at Port Kembla to the Eastern Gas Pipeline (EGP). Courtesy of Australian Industrial Energy Jemena’s managing director, Frank Tudor, said the company has also advanced plans to modify the EGP to…
By Bojan Lepic Oil and gas company Premier Oil has pushed back the forecast of first gas for the Tolmount project, located in the Southern North Sea. The post Yard lockdown pushes back Premier Oil’s project… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of strong performance from the Norwegian fields, Lundin has increased its full-year production… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic Japanese utility, Tokyo Gas revised its results forecast flagging a ¥28.4 billion ($262.7 million) impairment losses for the year ended March 2020. Image courtesy of Tokyo Gas The impairment losses are a result of a re-evaluation of the upstream projects in the United States, Ichthys LNG project in Western Australia amongst others,…