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
Uniper’s LNG Terminal Wilhelmshaven (LTeW) is re-evaluating previous plans for an LNG terminal in Wilhelmshaven, Germany. Courtesy of LTeW The company has taken this step because of market players’ reluctance to make binding bookings for import capacities at the planned terminal in the current circumstances. The procedure for gauging interest
Norway-based maritime solutions provider Høglund Marine Solutions has, in collaboration with Germany’s HB Hunte Engineering, developed a tank concept for LPG and CO2 transportation, based on existing technology. As informed, the new system more than doubles current vessel cargo capacity to transport liquefied CO2, representing a vital step forward in the
The Swedish-Finnish Bothnia Bulk project has achieved a significant reduction in air pollution from maritime transport with the help of two EU co-funded LNG-fuelled vessels and supporting infrastructure. As informed, total CO2 emissions per transport work have decreased by up to 50% compared with conventional vessels in operation. In addition, other
European Marine Energy Centre (EMEC) has purchased a 1.8 MWh vanadium flow battery (VFB) system from Invinity Energy Systems. EMEC will deploy the flow battery at its tidal energy test site on the island of Eday. A world-first project will combine flow battery technology with tidal power to produce continuous
Greece-based LNG shipper GasLog reached a new milestone with its fleet expansion program. Courtesy of GasLog The company noted in a brief statement through its social media channels that the SN2311 was launched at the Samsung Heavy Industries Shipyard in South Korea. The vessel, to be named GasLog Wellington, will
Nippon Yusen Kaisha (NYK Line), said the Marine LNG Zeebrugge joint venture, set up to manage the Gas4Sea brand has been dissolved. Illustration courtesy of Port of Zeebrugge To remind, the joint venture was established by NYK Line, Engie and Mitsubishi Corporation as an LNG bunkering unit. The partners additionally