Month: April 2021

Petronas LNG Ltd. has announced that it has signed a deal for three newbuild LNG vessels with shipowner Hyundai LNG Shipping (HLS). As part of the deal, HLS has signed shipbuilding contracts with Hyundai Heavy Industries (HHI) for the construction of the three vessels. Upon completion, the vessels will be among the most energy efficient
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Rising penetrations of variable renewable energy (VRE) in power systems are expected to increase curtailment — the reduction of renewable energy delivered due to oversupply or lack of system flexibility. But while curtailment may be the new normal in the evolving grid, and can even be managed in a way that makes the grid more
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McDermott International Ltd announced Wednesday that it has been awarded a Front End Engineering Design (FEED) contract from Michelin Group in France for “the first industrialization of an innovative plastic recycling process to produce regenerated styrene from polystyrene”. The regenerated styrene produced will be used in the production of synthetic rubber for tires and polystyrene,
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In this article SHLX A logo at a Royal Dutch Shell Plc gas station in Rotterdam, Netherlands, on Tuesday, April 27, 2021. Peter Boer | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported marginally better-than-expected first-quarter earnings, amid stronger commodity prices and growing expectations of a fuel demand recovery.
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(Bloomberg) — Oil climbed by the most in nearly two weeks with the OPEC+ alliance and BP Plc pointing to signs of a robust demand recovery taking shape in parts of the world. Futures in New York jumped 1.7% on Tuesday. An OPEC+ committee decided this week to move forward with a planned gradual crude production increase,
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(Bloomberg) — Oil climbed in Asia with OPEC+ projecting a strong global recovery this year, even as a Covid-19 flare-up in India and other nations dragged on the near-term demand outlook. Futures in New York rose above $62 a barrel after slipping 0.4% on Monday. An OPEC+ technical committee raised its forecast for demand growth
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