Norway Postpones Decision on Arctic Oil Terminal
The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday.If built, the onshore Veidnes terminal would receive crude via a pipeline from Equinor's offshore Johan Castberg oilfield, which is expected to start producing in late 2022.Equinor originally ditched plans for an onshore terminal in order to save costs, preferring instead to load oil on to crude tankers at the field before exporting it to global markets.Parliament earlier this year u
Saudi Arabia Resumes Oil Exports through Red Sea Lane
Top oil exporter Saudi Arabia said on Saturday it has resumed all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb.Saudi Arabia halted temporarily oil shipments through the lane on July 25 after attacks on two oil tankers by Yemen's Iran-aligned Houthi movement.A statement by the Energy Ministry said shipments had resumed on Saturday."The decision to resume oil shipment through the strait of Bab al-Mandeb was made after the leadership of the coalition has taken necessary measures to protect the coalition states' ships…
Croatia Acts to Cut Red Tape for FSRU Terminal Project
The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating terminal is expected to start operations in 2020.The European Union wants the facility to help diversify sources of supply and reduce dependence on Russian gas, most notably for countries in central Europe.Brussels will invest 101.4 million euros ($121 million), or 28 percent of the project's assessed value.The law…
Solar Modules Stuck at Indian Ports Due to Import Duty Dispute
Solar modules worth more than $150 million are stuck at various Indian ports due to a dispute over their classification and the import tax applicable to them, sources said, which could delay Prime Minister Narendra Modi's clean energy goals. Modi has set an ambitious target of nearly tripling the country's total renewable energy capacity to 175 gigawatt (GW) by 2022, spurring global firms including Japan's SoftBank and Goldman Sachs to invest in solar projects in the country.
US LNG Exports to Increase: EIA
U.S. Energy Information Administration (EIA)'s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The U.S. has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018. The nation’ status as a net exporter is expected to continue past 2018 because of growing U.S. natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of liquefied natural gas (LNG). The U.S.
Petrobras Authorized to Export Idle LNG Cargoes
Brazil's Petroleo Brasileiro SA has been authorized to export idle liquefied natural gas (LNG) in the spot market, according to the Wednesday issue of the official gazette. According to the text, Petrobras has been given the green light to export up to 6.6 million cubic meters, assuming this would not result in supply problems for the domestic market. As a state-controlled company, some of Petrobras' commercial strategies require energy ministry authorization. Petrobras operates three regasification terminals in Brazil…
Russian Think Tank: Oil Exports to Decline in 2017
A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise. Vygon Consulting said in a presentation to reporters that oil exports this year are seen declining by 0.7 percent to 252.5 million tonnes (5.1 million barrels per day) from around 255 million tonnes in 2016, a record high. The Energy Ministry forecasts Russian crude oil exports this year at 257 million tonnes.
South Korea Mulls LNG Bunkering Hub
A group of South Korean companies including shipbuilders have come together to establish an association dedicated to developing liquefied natural gas (LNG) bunkering facilities and infrastructures including LNG-fueled vessels, says a report in the Pulse. Last week, officials representing 21 private and state-run entities in Korea gathered to attend the inaugural meeting of the LNG Bunkering Industrial Association. They were from major shipbuilding and energy companies including Hyundai Heavy Industries Co.…
Russia Sets Clear Agenda for Competitive Opportunity
Russia’s renewed focus on the commercial shipbuilding industry was set as a key aim by Prime Minister, Dmitry Medvedev in his recent discussions on the development of the sector through 2015. Various industry ministries have been charged with analysing industry prospects until 2030, with the findings to be submitted by January 2015. The Russian Energy Ministry was instructed to study the needs in dedicated fleet and other marine solutions for exploration, drilling and the transportation of crude oil, gas and gas condensate by 2030.
Pemex Output Steady in November, Exports Up
Mexico's state-run oil company Pemex said on Friday its crude oil production held steady in November from the previous month at 2.363 million barrels per day (bpd), the lowest monthly figure on record. Crude export volumes in November were up 8.1 percent from October at 1.23 million bpd, Pemex said. Energy Ministry output records date to January 1990. (Reporting by Adriana Barrera; Editing by Leslie Adler)
Reports on Rosneft Arctic Projects
On December 18, Member of Rosneft Board of Directors, special representative of President of the Russian Federation on international cooperation in the Arctic and Antarctic Artur Chilingarov made a report "Russia and Norway: Prospects for Cooperation in the Arctic" at the Fridtjof Nansen Institute. "Arctic development will help to melt the ice of distrust between Russia and the West," Chilingarov asserted. He cited Rosneft's joint projects as examples of successful Russian-Norwegian cooperation on the Arctic shelf.
Russia's Gazprom receives prepayment from Ukraine for gas supplies
Russian natural gas producer Gazprom said on Saturday it had received a prepayment of $378.22 million from Ukraine for natural gas supplies, paving the way for the first shipments to Kiev since Moscow cut supplies in June. Ukraine's state energy firm, Naftogaz, said on Friday it had transferred the sum to Gazprom for December. A Gazprom spokesman confirmed the money had been received. In line with a deal signed by Naftogaz and Gazprom in October, flows to Ukraine from Russia, which were severed in a dispute over prices and debts…
Ukraine Sends $378 mln Prepayment for Russian Gas
Ukraine's state energy firm Naftogaz said on Friday it had transferred a prepayment of $378 million to Russia's Gazprom to buy Russian gas for December, paving the way for the first shipments since Moscow cut supplies in June. In line with a deal signed by Naftogaz and Gazprom in October, flows to Ukraine from Russia, which were severed in a dispute over prices and debts, will resume within 48 hours from when the Russian firm receives the transfer. Naftogaz did not say how much gas it planned to buy, but earlier the energy ministry said this could be about one billion cubic metres.
Russia's Oil Output Steady
Monthly oil output in Russia, the world's biggest producer, was flat in October, according to energy ministry data published on Sunday. Russia pumped an average 10.6 million barrels per day (bpd)last month, producing a monthly total of 44.838 million tonnes. Daily gas output rose to 1.71 billion cubic metres (bcm) in October, up from 1.52 bcm per day in September. (Reporting by Katya Golubkova; Editing by Louise Ireland)
Tanzania Talks with Total, BP on Hydrocarbon Exploration
Tanzania has held talks with France's Total and Britain's BP over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector. Companies already present in the east African state include Norway's Statoil, Brazil's Petrobras, Royal Dutch Shell , BG Group and Exxon Mobil.. Total executives were in Tanzania's commercial capital Dar es Salaam this week with Energy and Minerals Minister Sospeter Muhongo, the ministry said.
Uganda to Auction Oil Blocks
Uganda will auction new oil exploration acreage by December and compensate land owners at the site of a planned crude oil refinery, a government official said on Friday. Investor interest in Uganda's hydrocarbons potential has been growing since the east African country discovered commercial crude reserves in 2006, now estimated by government geologists at 6.5 billion barrels. Last month, the energy ministry issued a tender for a consultant to help prepare and package seismic and other data for the exploration fields that will be up for auction.
Voith Hydropower Equipment for Thailand's Storage Plant
Voith has been awarded a new contract to supply the complete electromechanical equipment for a pumped storage power plant in Thailand. The order for the extension of the Lam Ta Khong hydropower plant includes the supply of two motor-generators, two 255 MW vertical pump turbines, the automation systems as well as the electrical and mechanical balance-of-plant systems. The contract has been awarded by the Electricity Generation Authority of Thailand (EGAT) and has a total value of around €50 million.
Ex-Energy Minister to Head Chile State Oil Firm ENAP
Former energy minister Marcelo Tokman will take over as head of Chilean state oil firm Empresa Nacional del Petroleo (ENAP) from May, the country's energy ministry said on Monday. Tokman, who has a doctorate in economics from the University of California, Berkeley, headed the energy ministry for a short time in 2010 under President Michelle Bachelet's previous administration, following a spell running Chile's energy board, where he introduced energy efficiency and renewable energy initiatives.
Taiwan Offshore Wind Farm Research Project
GL Garrad Hassan signs MOU with Taiwanese Industrial Technology Research Institute to develop Taiwan's offshore energy strategy. The offshore wind resource around the Taiwanese coast is considered excellent, with more than 6,000MW potential capacity at water depths of less than 50m. Earlier this year the Taiwanese government announced an extensive plan to speed up the deployment of offshore wind farm and promote green energy economics. Beginning with a demonstration project in 2015, offshore installation is planned to ramp up over the coming years and reach 1000 turbines and 3000MW by 2030.
LNG Export Strategies on Agenda at London 'Russian Day'
The role of Russia as a key global supplier of natural gas will be amplified at upcoming 'Russian Day' event. The Russian Energy Minister, Alexander Novak, confirms he will host a special ‘Russian Day’ at one of the world’s leading gas industry events in London this October. The role of Russia as a key global supplier of natural gas will be examined during the day-long session, which also welcomes Novak’s Deputy, Pavel Fedorov, plus chief executives from petrochemical giant SIBUR and liquefied natural gas exporter, Sakhalin Energy.
Floating Wind Farm Starts Trial Run Off Japan
Japan’s first offshore floating wind farm begins trial operation off the coast of Goto Islands, Nagasake Prefecture. A Japan Government energy ministry spokesperson said that diversifying energy sources in Japan has become a significant national issue after the radioactive disaster at Fukushima No.1 Nuclear Power Plant. The operation of the wind farm is carried out by a technical team from Japan’s Environment Ministry, which installed the 100-kilowatte turbine equipped with an…