In focus: ‘Energy transition, step up your game’
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The phrase energy transition is becoming a household name. The two words pop up in countless news articles, studies, and policies. There is a reason why we speak of energy transition instead of energy revolution as it is a process in which we gradually phase out fossil energy and replace …
Russia has finished laying the first line of the Nord Stream 2 gas pipeline to Germany, Reuters reported President Vladimir Putin as saying at an economic forum on Friday, 4 June. Nord Stream 2 comprises two parallel 48-inch lines, approximately 1,200 kilometers long, each starting southwest of St. Petersburg and …
CEO of Qatar’s state-owned oil and gas giant Qatar Petroleum has warned that depriving the oil and gas sector of new investments as the energy transition unfolds could result in big spikes in oil and gas prices in the next few years. Saad Sherida Al-Kaabi, the Minister of State for …
Russia’s Novatek and Severstal have signed a Memorandum of Understanding (MoU) to cooperate on hydrogen energy to reduce greenhouse gas emissions. Courtesy of Novatek The MoU is signed to provide for the implementation of a joint pilot project for the production, transportation, storage, and use of “blue” hydrogen. The companies …
An offshore hydrogen production plant powered by electricity from a floating wind turbine is scheduled to be put into operation next year in France. The hydrogen production system will be installed at the SEM-REV demonstration site off the coast of Le Croisic in France, where it will be linked with …
French LNG containment specialist GTT has received an order for the design of two very large Membrane Full Containment LNG storage tanks from China Chengda Engineering. Courtesy of GTT Each of the two ordered latest generation membrane storage tanks has a net capacity of 220,000 cubic metres and is fitting …
UK’s ship management company Newport Shipping’s LNG fuel tank system for crude tankers and bulkers has gained class approval to facilitate retrofits in line with new environmental requirements. Courtesy of Newport Shipping Classification society DNV granted the approval-in-principle (AIP) affirming the technical feasibility of the concept for the very large …
Russa’s Novatek and TotalEnergies have strengthened their ties on the Arctic LNG projects with two new agreements. Illustration courtesy of Novatek During an event in Saint-Petersburg, Novatek signed a deal to sell 10 per cent participation interest in Arctic Transshipment to TotalEnergies. “The transshipment facilities will ensure the optimal utilization …
US liquefied natural gas project developer Tellurian has finalized an LNG sales and purchase agreement (SPA) with Vitol. The SPA is for three million tonnes per annum (mtpa) on a free on board (FOB) basis at Driftwood LNG for a ten-year period, indexed to a combination of two indices: the …
d’Amico Group has teamed up with a number of industry majors in a Joint Industry Project (JIP) to test the biofuel blends on board its LR1 product tankers. The tests will involve biofuel (B30), which is derived from advanced second-generation feedstock. They will be undertaken on d’Amico’s vessels, Cielo Bianco …