Monday, June 1, 2020
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A Dutch consortium of nearly 20 partners has launched a Joint Industry Project (JIP) to study and demonstrate the technical possibilities for autonomous shipping. Announced in the framework of the Smart Shipping Challenge 2017, which started on November 30, the two-year applied research programme is expected to help reduce operating costs and improve safety and sustainability in shipping, and lead...
Djibouti Signs Preliminary Deal with China’s POLY-GCL for $4bn Gas Project
China's POLY-GCL Petroleum Group Holdings Ltd has signed a memorandum of understanding (MoU) to invest $4 billion in a natural gas project in the tiny Horn of African nation of Djibouti. The project includes a natural gas pipeline, a liquefaction plant and an export terminal to be located in Damerjog, near the country's border with Somalia. Djibouti, with a population of...
NLNG targets Q4 2018 for final decision on Train 7 — after eight-year delay
By Obineme Ndubuisi Micheal The Nigerian International Petroleum Summit is set to address the nation’s potential of becoming the next gas hub. The event which takes place in Nigeria from 19th – 23rd February 2018 is set to explore Nigeria’s aspirations to build an energy hub for gas cooperation with international partners along the value chain. It seeks to bring together...
Methane Waste: New Mexico’s Multi-Million Dollar Opportunity To Increase Funding And Cut Pollution
A new analysis is taking a closer looking at the scope of New Mexico’s methane problem and the financial impact it’s having on the state’s taxpayers. We have known for some time that New Mexico had a problem with methane waste and pollution from the state’s oil and gas industry. A 2015 report from business consulting firm ICF International found...
Toyota to develop hydrogen generation station
Toyota Motor North America (TMNA) will develop the world's first megawatt-scale carbonate fuel cell power generation plant with a hydrogen fueling station to support its operations at the Port of Long Beach. When it comes online in 2020, Tri-Gen will generate approximately 2.35 megawatts of electricity and 1.2 tons of hydrogen per day, enough to power the equivalent of about...
Danish Tyra Field Gets $3.3B Cash Boost for Redevelopment
The Tyra gas field in the Danish North Sea is going to receive a significant cash injection. Maersk Oil announced Friday that an investment of $3.3 billion (DKK 21 billion) has been approved for the redevelopment of the Tyra gas field by the Danish Underground Consortium (DUC), which comprises A.P. Moller – Maersk, Royal Dutch Shell plc, Nordsøfonden and Chevron. The...
ExxonMobil Nears Deal To Explore For Oil And Gas Offshore Mauritania
Exxon Mobil is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country, Mauritania's oil, energy and mines director said on Wednesday. An Exxon Mobil spokeswoman declined to comment on the deal, but said the Texas-based company does not yet have drilling activities in Mauritania. Interest has surged in oil...
Nigeria’s Bonny Light crude oil hits $67.10 a barrel
OPEC hosted the second edition of its OPEC and non-OPEC technical meeting under the umbrella of the Declaration of Cooperation at the OPEC Secretariat on 27 November. OPEC Secretary General HE Mohammad Sanusi Barkindo congratulated all OPEC and non-OPEC participants to the Declaration of Cooperation on the first year anniversary of the decision. He stated current market conditions, returning confidence...
L&T Bags EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Bangladesh Power Development Board (BPDB) has awarded the contract for setting up Bibiyana South 400 MW Combined Cycle Power Plant Project to a consortium of Larsen & Toubro (L&T) and Samsung C&T Corporation of South Korea. L&T shall be executing the EPC contract valued at approximately USD 250 million. This 400 MW gas based power plant will be located...
How to achieve energy sufficiency- NERC
By Ayobami Adedinni With the steady increase in electricity tariff and cost of fuel, it becomes imperative to reduce your energy consumption hereby saving you thousands of naira in electricity bills which can be put to good use with other things.   You can tremendously reduce your electricity bill by having an energy-efficient household this means reducing your energy consumption by...