Noteworthy Shift To Carbon-Neutral Energy Production by Norwegian Oil Giant

Norwegian Oil Giant Leads Surprising Shift To Carbon-Neutral Energy Production, says a Forbes news report.

Reducing global oil supplies

The global energy complex is in a state of flux, made worse by the war in Ukraine, overzealous European lawmakers and unpredictable oil exporters.

Bloomberg reported in August that the Saudis are talking with their OPEC partners about reducing global oil supplies. The move sent prices sharply higher, and shifted the global economy toward recession.

Investors should...

US Rules Out Ban On Natural Gas Exports

The White House has ruled out any ban or curbs on natural-gas exports this winter, in a bid to help alleviate energy shortages in Europe, according to two people directly involved in the discussions, says an article published in Reuters.

Surpassed goal

In March, U.S. President Joe Biden committed to deliver 15 billion cubic metres (bcm) more of liquefied natural gas (LNG) to Europe following Russia’s invasion of Ukraine and has already surpassed that goal.

Further White House analysis has only...

Austria Achieves 80 % Gas Storage Target

  • Current level of Austrian stocks can meet 86% of demand
  • Russia not ‘reliable’ supply partner: Gewessler
  • Austria continues work to reduce gas dependence

A recent news article published Platts news source states that Austria reaches 80 gas storage target ensures supply security minister.

New EU rules

Austria has filled its gas storage sites to 80% of capacity, helping to ensure the country’s gas supply security for the winter, energy minister Leonore Gewessler said Oct. 4.

Under new EU rules,...

Sabine Pass LNG Feedgas Deliveries Fall Amid Pipeline Maintenance

  • Sabine Pass feedgas deliveries fell to 4.05 Bcf Oct. 3
  • Gas deliveries to KMLP through Texas Gas slashed to zero

Feedgas deliveries to Cheniere’s Sabine Pass LNG have fallen nearly 1 Bcf since the start of October, amid planned maintenance limiting natural gas deliveries to one of the export facility’s key supply pipelines.

Pipeline nomination data shows total gas deliveries to Sabine Pass dropped to 4.05 Bcf Oct. 3, down 18% from 4.93 Bcf Oct. 1. A sharp drop in receipts from Kinder Morgan...

Oil Prices Could Stabilise As Supply Risks Reemerge

A recent news article published in the Bunker Post states that Oil could slow as supply risks return to fore.

Recent oil price decline

A recent oil price decline could slow in the last quarter of the year and into 2023 as focus shifts from concerns over a recessionary hit to demand to tightening global supply, a Reuters poll showed.

A survey of 42 economists and analysts forecast benchmark Brent crude would average $100.45 a barrel this year, and $93.70 in 2023, down from estimates of $103.93 and...

North Sea Oil Drone Threat Prophesied in the Middle East

Until now, the waters of the North Sea have been considered one of the world’s safest offshore basins for crude oil production. Equinor, Total Energies and ConocoPhillips have all raised the level of security around their facilities in the region after drones were seen near the rigs, reports Platts.

The recent history of drone attacks on oil installations in the Middle East offers a disturbing precedent for the effectiveness of these military devices in targeting energy infrastructure, and...

Can Hydrogen Fuel Be The Best Choice For Shipping?

A recent news article published in the Hydrogen Central states that Hydrogen is fuel solution for shipping, says expert.

Wider use of hydrogen as a fuel

A leading expert with extensive experience in the operation and engineering of ships, has called for wider use of hydrogen as a fuel that will ultimately help the maritime industry meet its emissions reduction target by 2050.

Speaking at the Cyprus Shipping Chamber’s “World Maritime Day” event celebrated on September 29, Antonis Trakakis,...

Greater Position For Asian Refiners Than Western Competitors

  • Asia to add 1 million b/d net CDU capacity over 2019-2022: S&P Global
  • Weak demand in China, limited export quotas to cap refining growth
  • Refiners brace for changing crude flows, stay focused on Middle East supply

A recent news article published in the Platts states that Asian refiners in stronger position than Western peers to lift runs post pandemic.

Asia’s robust refinery capacity

Asia’s robust refinery capacity additions in recent years will provide ample bandwidth to ramp up runs as demand...

Global Refiners To Eventually Adjust To Russian Crude Trade Complications

  • Refiners remain confused, seek more clarity on G7 price cap
  • BPCL expects Russian, Indian, Chinese insurance services to emerge
  • Europe takes more US crude at the expense of Asian buyers

Asian and European refiners remain confused about how G7’s plan to impose a price cap on seaborne Russian oil cargoes would function, but the oil companies would eventually find ways to have Russian crude supplies continue to flow in the market and manage alternative options to fill any gaps, reports Platts.


Höeng LNG Completes Its Accession Process

  • Höegh LNG Holdings Ltd. has announced the completion of its previously announced acquisition of Höegh LNG Partners LP.
  • The Partnership’s 8.75% Series A Cumulative Redeemable Preferred Units will remain outstanding.

Höegh LNG: Acquisition of Höegh LNG Partners LP completed, reports Höeng LNG.

Höeng LNG

Höegh LNG is owned by Larus Holding Limited, a 50/50 joint venture between Leif Höegh & Co. Ltd. and Funds managed by Morgan Stanley Infrastructure Partners, and owns approximately 46% of Höegh LNG...

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