Energy intelligence group Wood Mackenzie sees green hydrogen as a key driver for net-zero economies and decarbonising global energy systems. Illustration only; Courtesy of Wood Mackenzie The COP26 conference brings countries together to align on a pathway to net-zero. However, WoodMac says it should not be only discussions. The industry …
Japanese shipping company, Nippon Yusen Kaisha (NYK Line), has signed a memorandum of understanding with compatriot Power X, Inc. to set forth the terms of a strategic business alliance for the development and testing of Power X’s marine energy storage solutions (ESS), the Power ARK power transfer vessels, as well …
Japanese shipbuilder Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI) Group, has concluded a contract with compatriot shipping company Sanyu Kisen for the construction of a demonstration test ship to transport liquefied carbon dioxide (LCO2). Conceptual image of the LCO2 demonstration test ship. Photo: MHI As informed, the vessel will be …
Chart Industries and Ballard Power Systems have successfully tested a fuel cell powered by liquid hydrogen. Courtesy of Chart Both companies have provided hydrogen solutions and equipment to the industry for multiple decades. Last year, they signed a memorandum of understanding for the joint development of integrated system solutions. This …
Polish oil and gas player PGNiG has purchased a shipment of LNG from the United States for delivery to Ukrainian energy project developer ERU. Świnoujście LNG terminal; Courtesy of EC The ship with the American LNG will arrive at the LNG terminal in Świnoujście at the end of February 2022. …
U.S. oil and gas major ExxonMobil booked a profit in the last quarter of 2021 amid a significant increase in revenues driven by a rebound in oil and gas prices. ExxonMobil on Tuesday announced fourth-quarter 2021 earnings of $8.9 billion, compared to a loss of $20.1 billion in the same …
Switzerland-based shipping JV Proman Stena Bulk expects to bring its first methanol-fueled vessel Stena Pro Patria to Trinidad and Tobago in the coming months. Illustration only; Courtesy of Proman Local media of Trinidad and Tobago reported on the Proman’s Stena Pro Patria vessel arriving in the country within a few …
The joint industry project launched in June 2021 to test biofuel blend (B30) derived from renewable feedstock to power a d’Amico Group LR1 product tanker, showed positive findings in terms of the reduction of CO2 emissions, reduced carbon intensity, and stable NOx emissions. Illustration. Photo: d’Amico The results of the …
U.S. offshore engineering and constructions services player McDermott has named a new president and chief executive officer (CEO) to strengthen the portfolio and forge a new path for the industry. McDermott revealed on Tuesday that Michael McKelvy has been appointed to these roles, effective immediately. He will also serve as …
Dunkerque LNG, the owner and operator of France’s Dunkirk LNG import terminal, has put on offer 3.5 billion cubic meters per annum of regasification capacity with a minimum of three years between 2023-2036. Courtesy of Dunkerque LNG Fluxys, the owner of a 35.76 per cent stake in Dunkerque LNG, says …
U.S. LNG infrastructure company Sempra has signed a deal with Mexico’s Federal Electricity Commission to jointly develop the Vista Pacifico LNG terminal in Topolobampo, Sinaloa. Courtesy of Sempra Mexico’s Federal Electricity Commission (CFE) and Sempra Infrastructure signed a non-binding memorandum of understanding (MoU) for the development of Vista Pacifico LNG and …
French energy giant TotalEnergies wants to restart the $20 billion Mozambique LNG project this year after it has been put on hold due to an insurgent attack. Courtesy of TotalEnergies Mozambique LNG is the country’s first onshore LNG development. Once completed, it will have a production capacity of 12.8 million tonnes …