Oct 15 (Reuters) – President Donald Trump’s administration is considering using West Coast military facilities to export coal and natural gas to Asia, according to an Associated Press report on Monday, citing U.S. Department of Interior Secretary Ryan Zinke. The move would help fossil fuel producers ship their products to Asia and circumvent environmental concerns […]
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Watch: 18,000-Tonne BorWin Gamma Platform Installed in North Sea
The 18,000 tonne topside of the BorWin gamma High Voltage Direct Current (HVDC) platform has been installed on its jacket foundation in the German sector of the North Sea, where will soon be used to supply green power to more than one million German households. The giant converter arrived on board the heavy lift vessel […]
Saipem Plans Renewables Push as Oil Clients Keep Lid on Spending
By Chiara Albanese (Bloomberg) — Saipem SpA is looking beyond black gold, to green. The Italian oil-services provider, which builds projects for the fossil-fuel industry, says it may get more than half its work from clean-energy clients in a decade. That reflects a persistent lack of oil-company investment in the wake of crude’s crash, and […]
Offshore Drillers Eye Market Recovery by 2020
By John Benny Oct 15 (Reuters) – Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020. At the depths of […]
OOCL Announces Bunker Recovery Surcharge to Cover IMO 2020 Compliance
By Mike Wackett (The Loadstar) – OOCL plans to begin the switch to low-sulphur fuel for its fleet of around 100 container vessels during the second half of next year, in readiness for compliance with IMO 2020. Unlike some of its peers, the carrier has made no reference to scrubber technology that would enable vessels […]
Incident Video: CMA CGM Containership Allides with Pier in India
A CMA CGM containership allided with the pier Jawaharlal Nehru Port outside Mumbai, India on Saturday, causing damage to the pier and unknown damage to the ship. The vessel has been identified as the CMA CGM Mumbai, a 335-meter containership that was only recently delivered earlier this year. Reports say the ship was coming in […]
Leslie to Hit Portugal as Strongest Iberian Storm Since 1842
By Brian K. Sullivan (Bloomberg) — After a three-week journey around the Atlantic Ocean, Leslie was on track to hit Portugal with winds of near-hurricane force — only the third time in 176 years that a storm this powerful has made it to the Iberian Peninsula. Storm warnings cover Portugal, according to the Portuguese Institute […]