World Bank Group (WBG), a global multilateral development institution, said it will no longer finance upstream oil and gas, after 2019. The announcement was made during a One Planet Summit on Tuesday by WBG president Jim Yong Kim. The WBG is focusing its support to developing countries for the effec
World Bank Group, an international financial institution, has decided to stop financing upstream oil and gas in a bid to help battle climate change.
Spanish LNG supplier Molgas Energía has been busy lately bunkering LNG-powered vessels with the chilled fuel in Spanish ports via a truck-to-ship method. The company says it has signed a deal to supply the fuel to AIDA Cruises’ LNG-powered AIDAperla during the vessel’s stay in five Mediterranean por
International transport specialist Royal Wagenborg has released a video of the PX121 PSV Blue Queen setting sail for Delfzijl, the Netherlands.
Economic output from the Welsh maritime sector increased by 16 percent over a five-year period.
Germany has taken another step forward in promoting the use of liquefied natural gas (LNG) as a marine fuel. The country’s Federal Ministry for Transport and Digital Infrastructure announced earlier this year a new stimulus programme under which Germany would subsidize the conversion and newbuild co
By Rob van Hoorn CTO at nC Marine Thermal and acoustic insulation, fire retardancy, safe touch and corrosion passivation in one, the chemical resistant and submersible coat.That is where the latest developments are about. Options in insulation on board do not provide an abundance in choices. Glass w
Europa Oil & Gas believes its offshore block in the Slyne Basin offshore Ireland might hold more than 2.5 trillion cubic feet (tcf) of gas in place. The UK and Ireland focused company has based its claims on the analysis of legacy 3D data, and on the recently released data of Shell’s exploration wel
The largest European event covering the whole offshore energy mix, Offshore Energy Exhibition & Conference recently opened the floorplan for 2018. Interested parties can go online to book the best spot on the floor. With oil & gas, offshore wind and marine energy all assembling at this event, OEEC c
Nexen has temporarily ceased production from the Buzzard and Scott platforms, following the shutdown of the Forties Pipeline System.
With just under one month left in 2017, San Pedro Bay ports have experienced growth in their container volumes.
Zurich-based automation specialist ABB has been contracted by Australian LNG company Woodside to provide a battery storage system that is capable of remote management of operations and service. The system will be installed on the Goodwyn A offshore production platform that supplies gas and condensat
Pirate attack on a containership underway in the Gulf of Guinea on December 7 caught on camera.
Houston-based LNG export project developer, Tellurian closed its previously announced public offering of 10 million shares of its common stock at a price of $10 per share. Proceeds from the offering were about $94.8 million, Tellurian said in a statement on Tuesday. The company has granted the under
