Rate this article By Nermina Kulovic Hit by the second industry downturn in five years, global awards for FPSO vessels will likely be limited to a single unit in 2020, Rystad Energy believes. The post Rystad expects no new FPSO… … Read Full Article Here For more great articles: Offshore Energy Today
Rate this article By Mirza Duran A Shell study released on Tuesday exploring how the shipping industry is working to slash its emissions has confirmed LNG as one of the main transition fuels. For illustration only (Image: Shell) The report named “Decarbonizing Shipping: All Hands on Deck” is a joint research by Shell and Deloitte….
Rate this article By Mirza Duran US LNG exports are expected to nosedive in July and August due to a weak global market hit by the Covid-19 pandemic, according to the EIA. Image: Freeport LNG The agency said in its newest short-term energy outlook that US LNG exports averaged 3.6 Bcf/d in June and expects…
Rate this article By Naida Hakirevic The international shipping industry will fail to tackle its global greenhouse gas (GHG) emissions unless it puts in place rules that truly reflect the climate impact of shipping fuels, a new report finds. The report, entitled “Exploring the relevance of ICAO’s Sustainable Aviation Fuels framework for the IMO”, has…
Rate this article By Adnan Bajic The Finnish technology group Wärtsilä has unveiled its reliquefaction system designed to reliquefy boil-off gas (BOG) onboard gas carriers and LNG bunker vessels. Courtesy of Wärtsilä The solution named Compact Reliq reliquefaction plant is also designed to keep the cargo cool under all operational conditions. It can be installed…
Rate this article By Jasmina Ovcina Eleven industry majors including AWS, Carrefour Group, CMA CGM Group, Cluster Maritime Français, Crédit Agricole Corporate and Investment Bank, Engie, Faurecia, Michelin, Schneider Electric, Total and Wärtsilä have formed a coalition for the energy of the future. The coalition aims to accelerate the development of energy sources and technologies…
Rate this article By Jasmina Ovcina Australia’s Global Energy Ventures (GEV), a developer of global integrated marine compressed natural gas (CNG) projects, and Yantai CIMC Raffles Offshore Limited (CIMC Raffles) have extended their Letter of Intent (LoI) to build the CNG Optimum 200 ships. The extension is for six months through to December 31, 2020,…
Rate this article By Naida Hakirevic The world’s first international demonstration operation to transport hydrogen has begun. The project members are conducting a demonstration operation for the construction of an international hydrogen supply chain. Launched by the Advanced Hydrogen Energy Chain Association for Technology Development (AHEAD), the project is subsidized by the New Energy and…
Rate this article By Nermina Kulovic BP has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion. It is the next strategic step in focusing portfolio as part of reinventing BP. The post BP… … Read Full Article Here For more great articles: Offshore Energy Today
Rate this article By Adnan Bajic Liquefied natural gas (LNG) exports from the United States have declined by more than half so far in 2020, the U.S. Energy Information Administration said. Courtesy of Freeport LNG Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas for export were a record 9.8 billion cubic…