Singapore-based ship manager Synergy Group has converted a 1992-built, 126,000 cubic meters capacity liquefied natural gas (LNG) carrier into a floating storage unit (FSU). Courtesy of Synergy Group The FSU, which has a projected lifespan of 15 years, was delivered to its owner last week. Synergy will manage, maintain and
UGI Energy Services, a unit of UGI Corporation, commissioned its new liquefied natural gas (LNG) facility in Bethlehem, Pennsylvania. The new Bethlehem storage and vaporization LNG facility joins the company’s expanding network of LNG and peak shaving assets, UGI said in its statement. John L. Walsh, president and CEO of
Switzerland-based Proman Stena Bulk Ltd has finalized an agreement to build an additional vessel under its joint venture partnership. As informed, the methanol-powered Stena Prosperous will join the Stena ProPatria and the Stena ProMare in the Proman Stena fleet in the second half of 2022. Image Courtesy: Proman Stena Bulk In autumn 2019, Swiss ship manager
Actuator manufacturer, Rotork, has supplied its tech for a liquefied natural gas terminal in South Korea. Courtesy of Rotork The company noted that the actuators have now been installed as part of the site’s phase 2-2 expansion, with further electric and pneumatic actuators due for installation later this year. The
Container shipping major CMA CGM has carried out the first LNG bunkering of the CMA CGM Tenere, the lead ship in a series of six chartered-in 15,000-TEU LNG-powered containerships. As informed, 12,000 cbm of LNG has been pumped into the CMA CGM Tenere’s tanks by Total’s Gas Agility, the world’s
Energy transition will never be a one-sided affair with one industry excluding the other. The push to greener sources of energy is a collaborative effort of all the industries, with oil and gas still playing a major role in unlocking new industries and accelerating their development. Courtesy of Navingo During
Australian energy giant Woodside has confirmed its commitment to taking the delayed Scarborough gas project in Australia forward following the grant of petroleum production licences by Australian authorities. In an update on Monday, Woodside said that the Scarborough Joint Venture has received offers for the grant of petroleum production licences
LNG giant Qatar Petroleum has established and started operations of QP Trading, as its dedicated LNG trading arm. Courtesy of Qatar Petroleum QP Trading is mandated to build a globally diversified portfolio of third-party and equity LNG. In addition, QP Trading will manage the price risk exposure of its portfolio
Dutch shipyard Concordia Damen has signed a contract for 40 dual-fuel barges with institutional investors advised by J.P. Morgan Asset Management. Courtesy of Concordia Damen These barges will be chartered by Shell and operated by the VT Group/Marlow, the shipyard said in its statement. The 110 by 11.5-meter vessels will