As the dust is settling in the aftermath of COP26, new developments in the offshore energy sector are laying the grounds for the net-zero future. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not
According to Platts, Asia-Pacific LNG shipping day rates have reached an all-time high of around $300,000 a day for a standard LNG carrier due to winter demand. Illustration only; Courtesy of Knutsen Group On 18 November, Platts assessed Asia-Pacific LNG shipping day rate at nearly six times more than at
The world’s first electric and self-propelled containership – Yara Birkeland – has completed its maiden voyage in the Oslo fjord, the ship’s owner, Norway-based Yara International, revealed. On 18 November, Yara Birkeland took its first and only trip to Oslo before being put into operation. After departing Horten in the morning, Yara Birkeland arrived in
The Nordic energy company Gasum has closed the divestment of Risavika LNG, its LNG liquefaction plant in Norway, to North Sea Midstream Partners (NSMP) on 16 November. Courtesy of Gasum The companies have also agreed on an extensive tolling agreement. Thus, Gasum will continue to ensure deliveries of liquefied natural
German ferry operator TT-Line has started sea trials for its first Green Ship (LNG-powered RoPax ferry) in China. Courtesy of TT-Line Nils Holgersson is TT-Line’s first Green Ship. Chinese shipyard Jiangsu Jinling is constructing it together with its sister vessel. As the sea trials kicked off today, the company stressed
Danish container shipping and logistics giant A.P. Moller – Maersk has placed its inaugural €500 million ($567 million) green bond to fund the construction of its first feeder vessel and the series of 8 large ocean-going containerships which will be capable of operating on carbon-neutral methanol. Illustration; Image credit Maersk
Russian LNG major Novatek has started pilot production at Kharbeyskoye field, part of the North-Russkiy cluster. Illustration only; Courtesy of Novatek The annual production level for the field’s gas and gas condensate program is 3.6 billion cubic metres of natural gas and 0.6 million metric tonnes of gas condensate. The
South Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered fuel tank design from French LNG containment specialist GTT for two LNG-powered container vessels. Inside a GTT cryogenic membrane tank; Image courtesy of Wartsila The two ships will each have a capacity of 15,600 containers. They will be equipped with
In its weekly report, Energy Information Administration (EIA) says LNG exports from the U.S. went up this week, followed by Henry Hub spot prices. Courtesy of Cheniere U.S. LNG exports have increased this week from last week. This is according to the latest Short-Term Energy Outlook from EIA, referring to
After successful completion of a B30 biofuel blend test on the Suezmax vessel Statia, Belgium-based tanker shipping company Euronav has now concluded a B50 biofuel blend trial on its Suezmax tanker Marlin Sardinia. The biofuel, provided by marine fuels supplier TFG Marine — the bunkering arm of Trafigura, was tested