Canada’s Pieridae Energy said on Thursday it postponed a final investment decision to build the Goldboro LNG export plant in Nova Scotia due to the effects of the coronavirus pandemic. The liquefied natural gas export project will be delayed beyond September 30, 2020. Pieridae Energy previously expected to take a
Mexico Pacific said Thursday it has engaged Mitsubishi UFJ Financial Group as a financial advisor as it moves towards a final investment decision on its LNG export project. Image courtesy of Mexico Pacific Japan’s MUFG is one of the world’s largest publicly traded financial institutions and Mexico Pacific believes that
There are three potential fuel pathways toward developing zero-emission vessels and decarbonizing the future of shipping, according to ABS. The US-based classification society just released the 2020 Setting the Course to Low-Carbon Shipping — Pathways to Sustainable Shipping outlook, which maps out the path toward decarbonization goals of the global
Finnish shipping company Lundqvist Rederierna has ordered a liquefied natural gas-powered Aframax tanker from Japan’s Sumitomo Heavy Industries. Alfa Finlandia (Image courtesy of Lundqvist Rederierna) The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. Lundqvist Rederierna did not reveal the price tag of the order
Spanish shipping company Baleària wrapped up 2019 with turnover and EBITDA growth of 19 per cent. According to the figures recorded in the tenth Corporate Social Responsibility and Sustainability Report for 2019 released by the company this month, the shipping line registered a turnover of EUR 452 million last year. The
Danish bunker company Monjasa reported an improved business performance on the back of the sulphur cap regulation that entered into force on January 1, 2020, marking a global transition of ships to cleaner fuels. The company said that its volumes were up by 10 per cent reaching 4.5 million metric tons
The Energy Market Authority (EMA) and Keppel Offshore & Marine have established a $10 million partnership and signed a Memorandum of Understanding (MOU) to develop energy solutions in the areas of distributed energy resources, digitalisation, and emerging low carbon alternatives. As part of this MOU, EMA and Keppel are launching
State-run Qatar Petroleum said Wednesday it has launched a drilling campaign for the North Field East Project as part of plans to expand liquefied natural gas production. The first of 80 North Field East development wells was spudded on 29 March by the jack-up rig “GulfDrill Lovanda”. The jack-up rig