A U.S. House committee will kick off debate next week on three new bills aimed at boosting offshore wind energy leases in federal waters.The House Subcommittee on Energy and Mineral Resources will hold a hearing on Tuesday on three bipartisan offshore wind proposals.One proposal would require the Interior Department to develop a leasing plan or schedule for federal offshore leases
Venezuela's state-run oil company PDVSA declared a maritime emergency on Tuesday after Bernhard Schulte Shipmanagement (BSM) disclosed plans to return 10 tankers over unpaid fees, according to a document from the state-run firm and sources.BSM, operator of a portion of PDVSA's tanker fleet, last month confirmed its crews would abandon the tankers Rio Arauca and Parnaso
American multinational energy corporation Chevron signed a new sales and purchase agreement with South Korean oil refiner GS Caltex Corporation for the delivery of liquefied natural gas (LNG) to South Korea.As a joint venture between Chevron and GS Energy, GS Caltex has signed a long-term agreement and will begin receiving LNG in October 2019, said a press release from the U.S. oil and gas major.
The Department of the Navy (DoN) Forum for SBIR/STTR Transition (FST) will be held April 10-11, 2019 at the Tsongas Center in Lowell, Mass., co-hosted by the UMass Lowell Research Institute (UML RI).Lowell’s heart and soul is innovation. It’s a city where some of the first major textile mills opened in the mid-1800s, triggering America’s industrial revolution.
South Korean container line Hyundai Merchant Marine (HMM) has named its new very large crude carrier (VLCC) at the Daewoo Shipbuilding & Marine Engineering (DSME).The 300,000 dwt vessel was named the Universal Leader during the ceremony held at DSME’s Okpo shipyard in Geoje on January 29, 2019.About 100 distinguished guests attended the ceremony including C.K.
Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela's navy stopping two seismic survey vessels the company had hired.The closest of 10 oil finds Exxon has made off Guyana's coast is 110 kilometers (68 miles) away from the northwest part of the Stabroek block
Poland's state-owned gas company Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, LLC, a subsidiary of Sempra Energy, have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur LNG liquefaction-export facility under development in Jefferson County, Texas.
Oman Shipping Company (OSC) is reporting strong performance in domestic markets following long-term deals with local refineries and traders including ORPIC and OTI.OSC’s growth in the region is being driven by a 20-year contract to transport condensate for ORPIC (Oman Oil Refineries and Petroleum Industries Company) and a 15-year deal transporting methanol for OTI (Oman Trading International)
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S.
The United States said on Friday it was concerned about a Houthi missile strike on a Turkish vessel carrying wheat to Yemen this month and another attack on an oil tanker in the Red Sea. "The United States is alarmed by the Houthi missile strike against a Turkish cargo ship 70 miles off the coast of Yemen that was attempting to deliver 50
Offshore engineering firm McDermott International Inc will close its acquisition of Chicago Bridge and Iron Co NV on Thursday, creating an integrated onshore and offshore services group that will expand its presence in the Middle East.McDermott's offshore engineering and construction work will combine with CB&I's onshore skills including liquefied natural gas (LNG) and power plants.
Aqualis Offshore has completed the jacket installation engineering of an 1800T steel jacket structure offshore Bahrain as part of the Bahrain LNG Import Terminal. Aqualis Offshore, part of Oslo-listed Aqualis ASA, delivered the project in cooperation with APMC, who were in charge of the transportation and installation contract on behalf of its EPC contractor client, GS E&C.