Mitsubishi to Acquire 25% Take in Bangladesh LNG Terminal
Japan’s Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be the country's second such terminal.The other 75% of the Summit LNG terminal will remain with Summit Corp.Mitsubishi is planning to help in the development of an offshore receiving facility in the country. It will also develop a liquefied natural gas (LNG) receiving terminal that uses a floating storage and regasification unit (FSRU) in Bangladesh.Under the project…
S.Korea LNG Imports Set to Ease from Record
South Korean imports of liquefied natural gas are set to ease from record levels racked up in the first-half of the year, with appetite for the fuel from utilities seen fading as a raft of nuclear power stations come back online.The country's imports of the commodity jumped nearly 16 percent year-on-year to a record 22.7 million tonnes in the first six months of 2018, according to customs data in mid-July, boosted by demand from power firms as around half the nation's 24 nuclear…
Port of LA Promotes Libatique
The port of Los Angeles has promoted David Libatique to deputy executive director of stakeholder engagement, a position on the port’s executive management team.In this new role, Libatique will oversee government affairs, trade development, community relations, media relations and the labor relations and workforce development divisions at the port.David Libatique (Photo: Port of Los Angeles)“We’re very excited to elevate David to this new role,” said port executive director, Gene Seroka.
US LNG Going Global
The U.S. liquified natural gas (LNG) market is ripe with opportunity, according to American Action Forum (AAF). "When coupled with the tension surrounding Qatar (the largest exporter of natural gas in the world), this makes U.S. LNG production a very attractive option," said Kimberly VanWyhe is the Director of Energy Policy at the AAF. In 2016, LNG exports from the U.S. totaled 184,141 million cubic feet with a value of roughly $564 million. Currently the U.S. is exporting LNG to 23 out of 35 countries that can accept LNG transport vessels, a sharp change from this time last year.
NOIA Congratulates Trump, Urges Path Forward on Offshore Development
NOIA President Randall Luthi today released the following statement on the election of Donald Trump as the next U.S. “On behalf of the National Ocean Industries Association (NOIA), I congratulate President-elect Trump on his victory at the polls. The American people have spoken, and this long and contentious election is finally over. Even though it appears the political divide in our Nation has widened, now is the time to work together to promote wise energy policies that will enhance our ability to create jobs and promote energy security.
Shell Organizational Changes in N. America
Royal Dutch Shell announced that after a 34-year career with the company, Unconventional Resources Director and U.S. Country Chair, Marvin Odum, will leave Shell at the end of March, 2016. Concurrent with Marvin’s departure, and in a move that will simplify Shell’s structure, the Athabasca Oil Sands Project and the Scotford Upgrader in Canada will join the global Downstream organization under Downstream Director, John Abbott; and the Shale Resources business will join the global Upstream organization under Upstream Director, Andy Brown.
Opportunity to Promote a Broad-Based Energy Policy in SOTU Missed
"The President missed a golden opportunity to promote a broad-based energy policy consisting of both traditional and non-traditional sources of energy. Instead, he used rhetoric that dismissed the efforts of the men and women in the oil and natural gas industry by not recognizing that exploration, production and related activities provide tremendous economic benefits and thousands upon thousands of jobs – even in these times of low commodity prices. The fact that American consumers are now enjoying low gasoline prices is due more to the efforts of these men and women…
GloMEEP Energy Efficiency Project Gets Underway
The first national workshop under the Global Maritime Energy Efficiency Partnerships GloMEEP), Project, which aims to support increased uptake and implementation of energy-efficiency measures for shipping, has been held in Georgia. Georgia is one of the Lead Pilot Countries for the project, which aims to build understanding and knowledge of technical and operational energy-efficiency measures to lead maritime transport into a low-carbon future. The national workshop in Batumi…
NOIA Rebuts “Red Herring” Study on Atlantic Development
“The Quest Study estimates the potential for jobs, economic activity and government revenue that could be generated from Atlantic development, assuming reasonable government policies supporting energy development are in place. Completed in 2013, the Quest report was never intended, nor could it have been expected, to predict federal policy in 2015. Thus, the SELC report misses the forest for the trees; the fact remains that Atlantic oil and gas activity holds the potential to add tens of thousands of jobs and billions of dollars in revenue and investment to Atlantic states.
IBEW Statement on Obama's Clean Power Plan
The IBEW is carefully studying the finalized Clean Power Plan issued by President Obama yesterday. As the largest union of electrical workers in the nation, we expressed concerns over the initial draft of the proposed EPA carbon emission regulations that in our opinion substituted wishful thinking for reality, threatening grid reliability and good jobs, while having a minimal impact on global carbon emissions. We feel those concerns are still valid. However, we are pleased that the EPA took into account many of our criticisms, voiced at hearings held around the country last summer.
Two Executive Changes at HII
Huntington Ingalls Industries (HII) announced that William Ebbs has taken on the new role of vice president, federal policy, and Andrew Hicks has been promoted to vice president, legislative affairs. Both will report to Mitchell B. Waldman, corporate vice president, government and customer relations. "Will and Andrew have been important members of our legislative team and have tremendous experience working with Congress and the executive branch of the government," Waldman said.
MARAD Considers Deepwater O&G Exports
A U.S. agency is considering how the country could export crude oil and natural gas from deepwater ports as the domestic drilling boom adds pressure for Washington to relax trade restrictions and approve shipments of fuel. The U.S. Maritime Administration, or MARAD, is seeking comment on a proposed policy to evaluate applications for building and operating offshore deepwater ports for exporting U.S. oil and natural gas. The agency, part of the U.S. Transportation Department, quietly issued a notice in the Federal Register in October about the rule that received little attention.
GoM Energy Workers Testify Need of Offshore Lease Sales
Two members of the Gulf Economic Survival Team testified at a U.S. House Natural Resources Subcommittee on Energy & Mineral Resources Oversight hearing. Two members of the Gulf Economic Survival Team – Chett Chiasson, Executive Director of the Greater Lafourche Port Commission and Cory Kief, Director of Business Development for Crosby Tugs – testified on behalf of the offshore industry.The hearing examined the economic importance and energy contribution of the industry, as well as the need to support industry growth through appropriate policies, including robust lease sales.
Senergy Makes Several Shifts in Senior Management
Energy services company Senergy added a number of appointments to its senior management team with to consolidate its position for future growth. The company, which provides fully-integrated project and asset development services across the energy industry, anticipates creating up to 80 new positions by the end of May, as a result of increasing demand for its services. Senergy applies its expertise and technology to develop and manage oil and gas fields and alternative energy projects in partnership with its clients.
Holdren to Report on Obama Administration Science and Technology Policy
On May 8, 2013, Dr. John P. Holdren will be the keynote speaker in the President’s Distinguished Lecture Series, hosted by Stevens Institute of Technology President Nariman Farvardin. Holdren is Assistant to the President for Science and Technology, Director of the White House Office of Science and Technology Policy (OSTP) and Co-chair of the President’s Council of Advisors on Science and Technology (PCAST). The President’s Distinguished Lecture Series, which launched in fall 2012, offers access to influential scientists, technologists and policymakers who are shaping 21st century society.
Congressmen Request USMMA Prevention of Sexual Assault & Harassment Review
Two congress members seek review of sexual assault, harassment prevention policies, & reporting procedures at the U.S. Merchant Marine Academy (USMMA). Congressman Elijah E. Cummings (D-MD), Ranking Member of the Committee on Oversight and Government Reform, and Congresswoman Jackie Speier (D-CA), Ranking Member of the Subcommittee on Energy Policy, Health Care, and Entitlements, have asked the Inspector General of the Department of Transportation to review sexual assault and harassment prevention policies and reporting procedures established by the U.S. Merchant Marine Academy.
POLB Formalizes Its Energy Policy
The Long Beach Board of Harbor Commissioners' energy policy aims to secure a more sustainable and resilient supply of power as demand grows. The Energy Policy declares that the Port will implement measures to increase efficiency, conservation, resiliency, and renewable energy in collaboration with port tenants, utilities, other city departments, industry stakeholders, labor unions, the Port of Los Angeles and others. It was created in anticipation of increasing demand for electricity at the Port with air quality improvement programs such as “shore power…
Mongolian Citizens to be Trained in Rosneft Partner Universities
Rosneft Chairman of the Management Board Igor Sechin and Minister for Education and Science of Mongolia Luvsannyam Gantumur signed an Agreement to arrange the training of citizens of Mongolia in partner universities of Rosneft. The signing ceremony was led by Russian president Vladimir Putin and the president of Mongolia Tsakhiagiin Elbegdorj in Ulan-Bator. Rosneft will assist to organization of teaching process for Mongolian citizens at Russian universities, which includes covering expenses on education, migration formalities, domestic transport, accommodation, food, and scholarship.
Japan's Minister Says Energy Policy Without Nuclear Difficult
Japan would find it difficult to formulate an energy policy without nuclear power given its lack of energy resources and the high cost of utilities for companies and households, the country's new trade minister said on Sunday. Yuko Obuchi, the daughter of a former Prime Minister Keizo Obuchi, was appointed minister of economy, trade and industry (METI) earlier this month. It is expected that she will help prepare public opinion for the resumption of operations at nuclear power plants that were suspended in the wake of the tsunami-triggered nuclear disaster in March 2011.
Estonia Becomes 29th Member of the IEA
The ministers from the International Energy Agency (IEA) member countries gathered for the 2013 IEA Ministerial Meeting Wednesday welcomed Estonia as the 29th member of the IEA. Acting upon the recommendation of IEA Executive Director Maria van der Hoeven, the ministers were satisfied that the country met all IEA membership requirements, including the obligation to hold enough emergency oil stocks to cover 90 days of net imports, under the IEA Treaty. Accordingly, Turkish Minister of Energy and Natural Resources Taner Yildiz…
U.S. Ready to Help Hungary Build Energy Independence
The United States is willing to help Hungary and other European countries build energy infrastructure to reduce its dependence on Russian oil and gas, U.S. Chargé d'Affaires in Budapest André Goodfriend has told Nepszava newspaper. "Relying on Russian sources threatens energy independence," Goodfriend told Nepszava in an interview published on Saturday. Hungarian Prime Minister Viktor Orban has drawn criticism from Western governments for trying to secure supplies of energy and trade for Hungary by doing deals with Moscow.
CEO's to Discuss Challenges to Dutch Offshore Industry
Goof Hamers (CEO, IHC Merwede), Jan-Pieter Klaver (CEO, Heerema Marine Contractors) & others to discuss the challenges that the industry faces in realizing its full potential. The Dutch offshore industry is an international front-runner and the sector adds considerable value to the Dutch economy and has strong potential in generating economic growth. A panel of CEOs will discuss how Dutch offshore industry can maintain front-runner position during the Offshore Energy Industry Panel on 23. October 2012 in Amsterdam RAI.
Energy Supply Not Sustainable for Next Three Generations Says BP CEO
In a speech at the Kansas Renewable Energy Conference the President & CEO of BP's wind energy business advocates energy supply alternatives. "The rules for energy supply that governed during the last three generations are likely not to be sustainable for the next three generations. We are witnessing increasing demand growth from the rapidly-developing world economies; in just the next 20 years, the world energy demand will be 40% greater than today. The fossil fuels extracted…
Floating Solar Field Concept Unveiled by DNV
DNV has developed SUNdy, a large-scale offshore solar field concept that aims to help countries seeking alternative energy sources. The core feature of the concept is a hexagonal array which floats on the sea surface. A collection of these arrays, totaling 4,200 solar panels, forms a solar island the size of a large football stadium, capable of generating 2 MW of power. Multiple islands connected together make up a solar field of 50 MW or more, producing enough electricity for 30,000 people.
North America Leads Shift in Global Energy Balance
North America is at the forefront of a game-changing transformation in oil and gas production claims International Energy Agency publication. This year’s World Energy Outlook published by IEA finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. In the New Policies Scenario, the WEO’s central scenario, the United States becomes a net exporter of natural gas by 2020 and is almost self-sufficient in energy, in net terms, by 2035.
Western GofM Oil/Gas Lease Bidding: NOIA Comments
National Ocean Industries Association President Randall Luthi encouraged by sales, urges further offshore developments. "This sale is on-par with expectations and shows that the offshore oil and natural gas industry is still committed to domestic exploration and production. The Federal government benefits from this sale through non-income tax revenue and the promise of future income through rents and potential royalties upon production. With enormous economic challenges facing the U.S.…