British oil giant BP has issued its Energy Outlook 2016, forecasting how the energy landscape will look between now and 2035. According to the report fossil fuels are expected to remain the dominant form of energy powering the global expansion: providing around 60% of the additional energy and accou
The Canadian Environmental Assessment Agency has on Wednesday issued a draft environmental assessment on the Petronas-led Pacific NorthWest LNG project in British Columbia. According to CEAA, the $11.4 billion LNG export terminal planned for Lelu Island in the Port of Prince Rupert would likely harm
Australian wave energy developer Carnegie Wave Energy has started its Mauritius wave and micro-grid design project. The company will receive an AU$800,000 (∼$560,000) grant through a partnership between the Australian and Mauritian Governments for the Mauritius, and the neighboring island of Rodrigu
Associated British Ports (ABP), comprising of a network of five ports in South Wales, handled more than 12.5 million tonnes of cargo in 2015. The ABP’s strongest sectors were animal feed and fertiliser industry, and the timber sector, while import and export of steel remained strong at all ports. Th
US-based logistics giant UPS informed it has expanded its deal with Clean Energy Fuels to use up to 500,000 gallon equivalents of renewable liquefied natural gas (RLNG) annually in Texas. UPS stations in Houston and Mesquite will dispense the RLNG to a fleet of about 140 UPS tractors. The deal build
Six new Very Large Crude Carriers indicate that 2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, according to BIMCO. The six new VLCCs were delivered in a strong winter market. Having reduced sl
The U.S. President Barack Obama’s fiscal year 2017 (FY 2017) budget, announced on Tuesday, includes a request of $175.1 million to fund the Bureau of Ocean Energy Management’s (BOEM) mission to manage offshore energy and mineral resources and a request of $204.87 million for the Bureau of Safety and
Petronas’ unit, Petronas Gas, and Sabah Energy have scrapped plans to build a liquefied natural gas import terminal in Lahad Datu, Malaysia. “In view of the prolonged uncertainty of the Regasification Terminal Lahad Datu Project, the parties to the shareholders agreement for the regasification termi
The Construction Industry Research and Information Association (CIRIA) has published essential guidelines for the management of unexploded ordnance (UXO) in the marine environment. CIRIA’s report ‘Assessment and management of unexploded ordnance (UXO) risk in the marine environment (C754)’ defines m
The American Association of Port Authorities (AAPA) expressed its dissatisfaction with President Obama’s fiscal 2017 proposed budget which would see less funds go into navigation, port security and emission in US ports. The proposed budget would significantly reduce funding for U.S. Army Corps of En
Bunker Holdings’ subsidiary, Unioil Supply, and Kosan Crisplant are planning to build an LNG production facility at the Port of Frederikshavn in the northern part of Denmark. The partners have already made progress in planning of the production facility in Frederikshavn which will produce chilled ga
Tullow Oil, an independent oil and gas exploration and production company, on Wednesday reported a loss after tax for 2015 of $1.03 billion following write-downs exacerbated by lower oil prices. According to Tullow’s 2015 full year report on Wednesday, these included an exploration pre-tax write-off
Today we look at an infographic showing Top 10 Shipowning Nations by Value (USD Millions), including the percentage change difference against 2015, provided by VesselsValue. This year the order may not have changed but the stand out winner appears to be Denmark, being the only country to increase in
Governor of Mississippi Phil Bryant and officials from Edison Chouest Offshore, an offshore energy service and supply company, officially announced today the company is locating shipbuilding operations at the Port of Gulfport in Gulfport, Miss. The project represents a $68 million corporate investme
