News

France opened a 10 billion-euro ($14 billion) bidding program to build five wind farms at sea as it seeks to get 23 percent of its energy from renewable sources by 2020. The government opened the first round of bidding for the five zones which will have a maximum capacity of 3 gigawatts of offshore wind power. This first phase of bidding will support more than 10,000 jobs, Energy Minister Eric Besson said in a statement today.

ConocoPhillips Skandinavia AS has received consent to use the mobile living quarters facility COSLRigmar at Eldfisk 2/7 FTP. The consent relates to the period from 1 June 2011 to 1 July 2015.

Maersk Line wins its second Sustainable Shipping Operator of the Year Award. The award, presented by Sustainable Shipping at an awards ceremony in London on July 7, was given to Maersk Line in recognition of its investments in sustainable growth, CO2 reduction and advancement in creating industry transparency.

Kelson Energy has signed a definitive agreement to sell its Magnolia combined cycle gas (CCG) plant in Mississippi, US, to Tennessee Valley Authority for an undisclosed sum.

The US Department of Energy has offered a loan commitment worth several billion dollars for the construction of three solar plants in California, US.

Techno Electric & Engineering has secured $80m in financing for the construction of the 101MW wind farm in Tirunaveli and Coimbatore in the Indian state of Tamil Nadu.

Asia fuel oil’s discount to crude narrowed, signaling reduced losses for refiners turning oil into residual products. Gasoil’s crack spread widened.

The International Energy Agency (IEA) recently issued a special report in its World Energy Outlook 2011 series titled Are we entering a golden age of gas? The report is specifically

Petrolimex plans to expand into oil refining from its core business of distributing fuel and wants to build Vietnam's first pipeline to China to help the Southeast Asian country

You can tell it’s nearly summer because there is a hint of desperation in the air; that and the smell of gasoline. In the US, the 4 July holiday week-end heralded the start

State-owned China Ocean Shipping (Group) Co. said Monday that oil-price speculators are currently the biggest headache for the global shipping industry, rather than

Wilhelmsen Ships Service (WSS) has announced completion of the first phase of integration of the Nalfleet marine chemicals business.Nalfleet marine chemicals production

Container lines are ignoring a drop in freight rates and bringing the highest proportion of the shipping fleet out of mothballs since 2008, when the global slump resulted in the industry’s biggest losses.

Gulf states are using military sensors to track tankers leaking oil along the region’s coastline, a US-based defence expert told Arabian Business.“We work with countries

Videotel Marine International, in association with the Chemical Distribution Institute (CDI), is pioneering a new voluntary Crew Knowledge and Proficiency (CKP)

Finnish dynamic positioning system developer Navis Engineering has won a contract from STX Finland Oy to supply its NavDP4000 DP technology to Aura II, currently under

Sevan Marine ASA (SEVAN), a Norwegian maker of floating oil-production and storage vessels, fell the most in six weeks in Oslo trading after proposing to defer debt

On June 30, the Danish shipping giant Maersk startled Iran’s trade officials by abruptly pulling out of the country’s three largest ports. Company officials said little about the decision, but the timing was striking: A week earlier, the Obama

Next year will see 1.55MTEU added to the global containership fleet, an expansion of 9.5% and increasing available capacity to 16.8MTEU, according to Braemar Seascope.

Representatives from South Carolina and North Carolina met in Charlotte in June to discuss opportunities for collaborating to accelerate the development of offshore wind energy on the south Atlantic seaboard. The meeting is being heralded as a significant first step towards regional collaboration for offshore wind in the Southeast.