World Energy News

Time 2020-12-15 01:04:31

Web Name: World Energy News

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Charging Ahead: Brent Perry his Sterling PBES Team Drive Maritime Battery Tech Brent Perry, CEO of Sterling PBES is a 40+ year veteran of the marine business, and one of the pioneers in delivering battery solutions to boats and ships at sea. Please give us a by the numbers look at Sterling PBES today?Right now we are sitting in a position where we had anticipated… US Oil Industry Group Pledges to Fight Possible Biden Fracking Limits If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use every tool at its disposal including legal action, chief executive Mike Sommers said in an interview with Reuters on Monday.Biden… Oil Rises on Vaccine Hope, Weak Dollar Oil rose for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.Brent crude was up 30 cents, or 0.6%, at $48.16 a barrel by 1211 GMT… Moray East Offshore Wind Farm Jacket Transport Completed On November 25, 2020, MV Hawk discharged her final jacket foundation for the Moray East Offshore Wind Farm.OHT’s heavy transportation vessel carried its second load of 10jackets from Lamprell’s fabrication site in Hamriyah, UAE, arriving at the Port of Nigg in the Cromarty Firth on November 12… Video: The Floating Production Market Faces Headwinds, But Opportunities Exist There are around 200 offshore oil and gas projects currently being planned for development using a floating production system, however, at around $2B apiece – some up to $5B – final investment decisions will depend on the market situation and the outlook for oil and gas doesn’t seem too bright. Autonomous Offshore Power Trials Get Underway off Hawaii With the advent of autonomy on and under the water, part of the value proposition is the ability to stay at sea, on station, to exponentially increase efficiencies. Have the ability to repower at sea is central to this effort, as an increasing number of companies work to solve the inherent technical and logistic problems.Columbia Power Technologies (C-Power) is commencing a six-month sea trial to test and validate its SeaRAY autonomous offshore power system (AOPS)… Shale Pioneer Chesapeake Energy Files for Bankruptcy Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets.The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors. Reuters first reported in March the company had retained debt advisers.Chesapeake was co-founded by Aubrey McClendon… MacGregor Inks Deal to Supply LNG Bunker Barge Hose Handling Cranes MacGregor received an order from Fincantieri Bay Shipbuilding to supply two fixed boom cranes that will handle the hoses on a new 5,400 cubic meter capacity liquefied natural gas (LNG) bunker barge currently under construction and estimated to be delivered by the end of 2021.The MacGregor Rapp HP63-13F cranes will handle the hoses that transfer LNG from the barge to the LNG-powered vessel during bunkering operations. Australia s Iron Ore Giant Fortescue Plans 235GW Green Energy Drive Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with oil giants to provide low-cost green energy globally.Billionaire Forrest, who turned Fortescue Metals Group over two decades into the world s fourth-biggest iron ore miner, said Fortescue Future Industries (FFI) has already signed preliminary deals, such as in Papua New Guinea and Africa… PDVSA Changes Oil Deals to Include Shipping as Sanctions Bite Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions, according to company documents seen by Reuters.The United States has blacklisted vessel owners, shipping operators and threatened to sanction any tanker facilitating the country’s… World Energy News is the global authority on the international energy industry, delivered to your Email two times per week. Subscribe to World Energy News Alerts.

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