Image courtesy of BP The UK-based energy giant BP has signed a memorandum of understanding to explore areas of cooperation with Petróleo Brasileiro (Petrobras). Petrobras and BP agreed to explore potential joint commercial agreements in areas of mutual interest in upstream, downstream, trading and across low carbon initiatives, inside and outside
zoomImage courtesy of Shell The Hague-based LNG giant, Shell, released its report outlining the lower-carbon energy transition strategy. The strategy is by Shell’s outlook for the energy sector and the need to adapt to substantial changes, such as rising global population and standards of living that will drive growth in
Cartagena LNG terminal (Image courtesy of Enagás) Spain’s imports of liquefied natural gas rose 1.3 percent in March on a yearly basis, according to the data provided by the LNG terminal operator, Enagás. LNG imports reached 10.6 terawatt hours (TWh) in March as compared to 10.4 TWh in the same
Image courtesy of Viking Line Finnish shipping company Viking Line dispatched its LNG-fueled cruise ferry, the Viking Grace, on her first voyage equipped with a rotor sail. Developed by Viking Line’s compatriot Norsepower, the rotor sail technology further reduces the fuel consumption and reduce emissions by up to 900 tons annually. Viking Line
Cove Point LNG (Image courtesy of Dominion Energy) Dominion Energy said on Tuesday that its Cove Point LNG export terminal in Maryland, the second US facility to produce LNG from shale gas, has entered commercial service for natural gas liquefaction and export. “After completing a planned maintenance outage, the facility
zoomIllustration purposes only (Image courtesy of CNPC) China’s Hubei Energy Group is eyeing an investment in the region of 2.6 yuan ($412 million) in liquefied natural gas (LNG) infrastructure on the Yangtze River. The company signed a letter of intent with the Zhejiang city government to carry out the investment
zoomImage courtesy of Keppel O&M Keppel Offshore & Marine, through its unit, Keppel Singmarine, secured a contract with Mitsui & Co to build Singapore’s first dual-fuel bunker tanker, to be owned and operated by Sinanju Tankers Holdings. The tanker is scheduled for delivery in the second half of 2019, Keppel
Image courtesy of Novatek Exelon to buy US Everett LNG terminal from Engie Exelon Generation, a unit of the US energy producer Exelon Corporation, struck an agreement with France’s Engie to purchase the company’s Everett LNG import terminal in the US. WoodMac sees LNG FIDs bumping average project Capex Upstream final
Image courtesy of Sovcomflot Russia’s largest shipping company Sovcomflot secured $252 million for its series of liquefied natural gas (LNG)-powered Aframax tankers. The 7-year credit facility has been agreed with a consortium of six international banks including ABN Amro Bank, BNP Paribas, Citibank, ING Bank, KfW IPEX-Bank and Société Générale.