South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a deal for the construction of three eco-friendly ultra-large liquefied petroleum gas (LPG) carriers. Image Courtesy: DSME The contract, signed with an unnamed European shipowner, has been valued at KRW 265 billion ($234 million), DSME said in a stock
Norwegian LNG transportation provider Awilco LNG has named the company’s new chief financial officer. Courtesy of Awilco LNG The company noted that, following the resignation of Øyvind Ryssdal in October last year, the company has found a replacement in Per Heiberg. Heiberg is set to take his position on April
Australian energy major Santos said it would let shareholders cast a non-binding advisory vote on its climate change report in 2022 as it makes the push towards net-zero emission by 2040. Courtesy of Santos The goal behind this is to increase transparency on the company’s response to climate change, reducing
New Fortress Energy has reached the final investment decision on its first Fast LNG modular liquefaction facility. Illustration. Courtesy of NFE The company noted the 1.4 million tonnes per annum capacity modular liquefaction facility aims to deliver LNG volumes to its growing customer base. The Fast LNG design pairs the
Ardmore Shipping Corporation has signed a Letter of Intent with Element 1 Corp. and Maritime Partners to establish a joint venture that would deliver E1’s methanol-to-hydrogen technology to the marine sector. Oregon-based E1 has developed advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications
KARMOL, a joint venture between Karpowership and Mitsui OSK Lines, said its first floating storage regasification unit (FSRU) is set to begin sea trials off Singapore, ahead of its deployment to Senegal. Courtesy of MOL The FSRU, called KARMOL LNGT Powership Africa, was delivered on 15 March by Sembcorp Marine
Lower liquefied natural gas production at the North West Shelf and Ichthys LNG projects, and the shorter month of February hampered Australia’s LNG exports. Courtesy of Inpex During the month of February 2021, Australian LNG shipments reached 6 million tonnes, or 88 cargoes, down from 6.7 million tonnes spread across
The United States liquefied natural gas (LNG) export facilities have continued to up their LNG export volumes in the first month of the year 2021. Courtesy of Cheniere The U.S. Department of Energy reported export volumes of 308.1 Billion cubic feet in January 2021. The volumes increased 1.3 per cent
Van Oord has entered into collaboration with FUELSAVE for the adoption of innovative combustion conditioning technology that is expected to further reduce the emissions on its fleet. Van Oord’s Bravenes vessel (Courtesy of Van Oord) An advanced combustion conditioning system with hydrogen and methanol will be installed on subsea rock
US LNG project developer Tellurian has repaid its 2019 loan in full after a $38 million voluntary prepayment. Courtesy of Tellurian The company noted in its statement on Monday that, as a result of the prepayment, it has reduced its outstanding debt balance to approximately $21 million. President and CEO