Qatar Petroleum has signed a 15-year LNG sale and purchase agreement with Taiwan’s CPC for the supply of 1.25 million tonnes per annum (mpta) of LNG. Courtesy of Qatar Petroleum According to the agreement, LNG deliveries should start in January 2022. It will be delivered to CPC’s receiving LNG terminals.
Norway’s maritime start-up EDGE Navigation and shipbuilder Ulstein are evaluating the use of a hydrogen fuel cell solution to achieve non-fossil propulsion for a container vessel concept. Courtesy of Ulstein The companies are cooperating on an X-BOW container vessel concept design for green energy power solutions. They teamed up with
London-based waste management company Cory has revealed that its entire fleet of tugs will convert to low carbon biofuel. As disclosed, the move comes after the initial trials resulted in a reduction of carbon dioxide emissions by 90%. The biofuel is produced from waste materials such as used cooking oil
McDermott International has secured a subsea engineering, procurement, construction and installation (EPCI) contract with Santos for the Bayu-Undan infill well Phase 3C project in the Timor Sea. The scope of work involves a tieback of a single in-field well to existing facilities re-using the existing flexible flowline with a new
Bermuda and Norway-based shipping firm Avance Gas Holding has signed and completed a $104 million sustainability-linked term facility with a bank syndicate. As informed, the transaction will secure financing of the company’s first two dual-fuel liquefied petroleum gas (LPG) newbuilds, Avance Polaris and Avance Capella. Scheduled for delivery in Q4
Petronas Marine has conducted the first LNG bunkering operation with its LNG tanker MV Avenir Advantage at Port Klang, Malaysia. Courtesy of Petronas The bunkering operation enabled a Liberian tanker MV Solar Roma to complete its LNG bunker transfer of 865 cubic metres in less than 12 hours upon its
Driven by strong cash generation, oil major Shell will be increasing its returns to shareholders through share buybacks or dividends. In its 2Q 2021 update on Wednesday, Shell said it will move to the next phase of its capital allocation framework and, subject to final board approval, increase total shareholder
Malaysia’s LNG giant Petronas has signed a ten-year agreement to supply LNG to a subsidiary of China National Offshore Oil Corporation (CNOOC). Courtesy of CNOOC The agreement is for 2.2 million tonnes per annum (mpta) for a ten-year period. It is valued at approximately $7 billion over ten years. This
Shell Gas & Power Developments B.V. and Uniper Hydrogen GmbH have signed a memorandum of understanding to explore accelerating the development of a hydrogen economy in Europe. Under the MoU, the companies intend to find joint opportunities to couple industrial and mobility demand with hydrogen supply, production, and storage. Shell