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Wartsila: 70% CO2 Cuts Possible

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Epic purchases BAE Systems Southeast Shipyards Alabama

Epic Alabama Shipyard has announced that it has purchased BAE Systems Southeast Shipyards Alabama LLC and all of its related shipyard facilities in Mobile, Alabama.According to the statement, Epic will provide ship repair and maintenance services to its customers, making use of the existing facilities and dry docks, including the Alabama Dry Dock – one of the largest in the Gulf of Mexico.

Exxon Mobil bets big on China LNG, sidesteps trade war | News

Wednesday, October 17, 2018 8:48 p.m. EDTBy Gary McWilliams and Henning GloysteinHOUSTON/SINGAPORE (Reuters) - In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the…

2018 Maritime Risk Symposium Energy And Maritime

Energy.It seems that energy touches every aspect of our lives from heating our homes to ensuring that fresh produce is available at grocery stores. It powers our cars and allows industry to move products around the world. The connection between energy and risk to the maritime environment has been a growing area of discussion, research and analysis.

Another two ice-breaking LNG carriers are on their maiden voyage in Arctic waters

The two powerful ships are now both on the Northern Sea Route en route to and from natural gas terminal Sabetta. While the «Vladimir Vize» has picked up LNG in Sabetta and is on its way towards Asian markets, the «Rudolf Samoylovich» early this week passed the Kara Gate south of archipelago Novaya Zemlya, information from…

Jefferies Franchise List Energy Stocks Could Be Big Q4 Winners

The fourth quarter is underway, and with earnings reports for the third quarter set to start pouring in, many investors are looking to add stocks to their portfolios that offer a little extra alpha for the end of the year run. With the potential for another positive year for the major indexes, there is also concern that the market is expensive and overbought.

UK GAS-Within-day price falls on strong LNG, offshore gas output | Agricultural Commodities

LONDON, Oct 16 (Reuters) - The British wholesale within-day gas price fell on Tuesday with strong North Sea production and high send-out rates from liquefied natural gas (LNG) terminals leading to an oversupplied market. * Within-day gas price fell 1.5 pence to 67.50 pence per therm at 0800 GMT * Day-ahead gas price up…

Shipping industry slow to move on cleaner maritime fuel

Its been two years since a U.N. agency set a 2020 deadline to sharply reduce the sulfur content of maritime fuels. All major global ports and shipping terminals have committed to using low-sulfur fuels, but shippers and oil refiners generally havent followed through.HOUSTON Tens of thousands of cargo ships, tankers, container…

Railways awaits regulatory nod for LNG trial run

After a successful experimental run with CNG, Indian Railways has set its eyes on LNG as an alternative fuel option. The transporter is awaiting regulatory approvals for conducting trials.LNG requires less storage space than CNG which makes it a more efficient and convenient option. By storing LNG in the same space as CNG, trains can run for three times the distance, according to experts.

Korea Poised to Claw Back Lead in Shipbuilding - The Chosun Ilbo (English Edition): Daily News from

Korea's shipbuilding industry is expected to overtake China to regain the No. 1 spot in the depressed shipbuilding market for the first time in seven years.According to the U.K.'s Clarkson Research Services on Wednesday, Korea accounted for 45 percent or 9.5 million compensated gross tons of global shipbuilding orders in the first nine months of this year.

Hurricane knocks out 42 percent of U.S. Gulf of Mexico oil output

HOUSTON (Reuters) - Hurricane Michael on Wednesday cut 42 percent of U.S. Gulf of Mexico daily crude oil production and nearly a third of natural gas output, the largest reductions in a year, after companies evacuated staff and shut-in platforms as a precaution. Michael slammed into the Florida Panhandle on Wednesday as a fast-moving…

FLEX LNG Ltd: Announcement of Contemplated Acquisition of Five 5th Generation LNG Newbuildings and C

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.HAMILTON, Bermuda, Oct. 10, 2018 (GLOBE NEWSWIRE) -- FLEX LNG Ltd.

Chevron and Other Jefferies Franchise List Energy Stock Picks (NYSE: CVX)

The fourth quarter is underway, and with earnings reports for the third quarter set to start pouring in, many investors are looking to add stocks to their portfolios that offer a little extra alpha for the end of the year run. With the potential for another positive year for the major indexes, there is also concern that the market is expensive and overbought.

Global Marine Scrubber Market 2018-2022: Compliance with MARPOL Regulations Driving Market growth -

offering. the period 2018-2022. engines. marine regulations. global marine scrubber market for 2018-2022. discussion of the key vendors operating in this market. MARPOL regulations. depletion of the ozone layer in the atmosphere. One trend in the market is growing popularity of LNG fuel. emissions of GHGs. leaving any residue. changes in regulations.

Kosmos Energy Announces Results of Pontoenoe-1 Well and Provides Operational and Financial Update |

DALLAS--(BUSINESS WIRE)--Oct 10, 2018--Kosmos Energy (NYSE: KOS)(LSE: KOS) announced today that it has completed drilling the Pontoenoe-1 exploration well in Block 42 offshore Suriname.Pontoenoe-1 was designed to test late Cretaceous reservoirs in a stratigraphic trap charged from oil mature Albian and Cenomanian-Turonian source kitchens.

Natural Gas Price Prediction Gas Prices Whipsaw and Settle Higher on Hurricane Fears

Natural gas prices surged higher on Tuesday but settled off the highs of the trading session. Traders are eyeing Hurricane Michael which is now a category 3, storm headed for the Florida Panhandle in the Gulf of Mexico. If the storm shifts to the west, there are several infrastructure installations that it will hit. For now…

JERA wants more storage in LNG supply chain

JERA chairman Hendrik Gordenker has stressed on the importance of sufficient storage in the LNG supply chain, saying his company would enhance vessel operation to manage its inventories.In the Oil and Money 2018 conference, Gordenker pointed out that the LNG industry has not made enough investments in storage facilities as a whole.Its absolutely key[But] in a lot of places…

LNG breakthrough likely means higher bills

B.C.s long-awaited breakthrough on liquefied natural gas exports is being celebrated from Kitimat to Kimberley as the province finally appears to have broken through the protest wall to get a petroleum product shipped somewhere besides the United States. Ill spare you the political sniping and credit-taking that surrounded investor approval of the $40 billion LNG Canada project…

Big Greeks sell large tankers for scrap

Two major Greek tanker players have sold two large, ageing vessels to the demolition market this week, adding to a spree of activity in the sector. Market sources in Athens say Adam Polemis' New Shipping has shed its second tanker in just a few weeks, selling the 105,600-dwt New Horizon (built 1997) for scrap. The vessel is understood to have been sold as is in Fujairah at $455 per ldt.