Australian energy giant Woodside reported a plunge in its third-quarter revenue due to lower realized LNG prices. Courtesy of Woodside Woodside reported sales revenue of $699 million, 9 per cent down on the previous quarter and 42 per cent on the corresponding quarter last year. Commenting on the results, Woodside …

Australian energy major, Santos, has completed the final field trial for the Moomba carbon capture and storage (CCS) project. The company said it has injected approximately 100 tonnes of carbon dioxide deep underground into the depleted gas reservoirs. Santos managing director and CEO Kevin Gallagher said the injection occurred earlier …

In September, China’s President Xi Jinping pledged before the UN General Assembly to make China carbon neutral by 2060. This is a bold goal for the world’s largest polluter at a time when the nation is planning to develop nearly 150 gigawatts worth of coal power plants. The momentum is …

American Bureau of Shipping (ABS) has approved Daewoo Shipbuilding & Marine Engineering’s FLNG hull design. Courtesy of ABS ABS issued an approval in principle for the design of a wide breadth, single row, near-shore LNG floating production storage offloading vessel (FPSO) hull with a jetty-moored system. The AiP is the …

The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue in the third quarter of 2019. Courtesy of Oil Search Revenue for the third quarter reached $189 million. This was 29 per cent down on the previous quarter. It was also …

Danish investment entity Innovation Fund Denmark has announced the establishment of a consortium to develop a two-stroke, ammonia-fuelled engine for maritime shipping. It aims to specify and demonstrate an entire, marine-propulsion system that will pave the way for the first commercial order for an ammonia-fuelled vessel. MAN Energy Solutions will …

India saw an increase in liquefied natural gas (LNG) imports during the month of September 2020. The oil ministry’s Petroleum Planning and Analysis Cell notes that LNG imports reached 2.97 billion cubic meters in September. This is a 6.2 per cent increase over the 2.79 billion cubic meters of LNG …

Spanish LNG terminal operator Enagás reported a 4.7 per cent rise in its nine-month profit. Courtesy of Enagás The company reported a net profit of €348.9 million ($413.5 million), in line with the targets set for the whole year, Enagás said. The result is mainly due to the effort made …

Italy’s Grimaldi Group has welcomed to its fleet two brand-new environmentally friendly vessels — a hybrid roll-on/roll-off (RoRo) ship and a new car carrier. Eco Valencia. Image Courtesy: Grimaldi Hybrid RoRo On 16 October, the Neapolitan company took delivery of the Eco Valencia, the first of twelve hybrid RoRo ships belonging …

Swiss compression specialist Burckhardt Compression signed a ten-year service agreement with BW LNG for nine liquefied natural gas carriers. Illustration only (Image courtesy of BW LNG) The service agreement covers the nine LNG tankers with Laby-GI compressors on board. Burckhardt said in its statement, the two companies agreed to a …