The U.S. Energy Information Administration (EIA) reported increased weekly liquefied natural gas (LNG) exports and Henry Hub price. Courtesy of Cheniere EIA reveals in the latest Short-Term Energy Outlook report that LNG exports increase week over week, followed by the Henry Hub spot price that rose from $3.33 per million
Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle from Norway-based classification society DNV for the design of fuel cell-powered LNG carrier. Illustration only; Courtesy of Business Wire DNV granted the basic design approval for commercialisation. According to Samsung Heavy, this will be the world’s first large cargo
Oilfield services major Baker Hughes has announced the release of its 2020 Report on Corporate Responsibility which outlines its corporate strategy for a sustainable energy future. Baker Hughes said on Thursday that it supported the objectives of the Paris Climate Agreement, and it believes that the private sector has a
Offshore accommodation services provider Floatel International has lined up another contract for one of its units following an award by Inpex for operations on the Ichthys field in Australia. Floatel International said on Thursday it has been awarded a contract from Inpex Operations Australia for Floatel Triumph to provide accommodation
The technology group Wärtsilä will supply its cargo handling system to four new very large gas carriers (VLGCs) being built by DSME for Avance Gas. Courtesy of Wärtsilä The Norway-based fleet owner Avance Gas ordered four 91,000 cubic metres VLGCs. The ships are currently under construction at the Daewoo Shipbuilding
Norway’s shipowner Ocean Yield ASA has decided to acquire 49.9% equity interest in one dual-fuel newbuilding container vessel. The 15,300 TEU ship is under construction at Hyundai Heavy Industries in Korea and is expected to be delivered in Q3 2022. It will be fitted with a dual-fuel engine and will
Ammonia-powered shipping startup Viridis Bulk Carriers has signed MoU’s with cargo owners Elkem, Vestkorn, BioMar, Franzefoss Minerals, and Saltimport to develop a zero-emission freight network. In addition to further developing the ship technology platform, the partnership will explore a zero-emission logistics system comprising ships, fuel logistics and flows of cargo
British oil and gas major BP has increased production from the Block 61 field in central Oman, its gas being used as feedstock to Oman LNG. Courtesy of BP For this, BP partnered up with OQ, PTT Exploration and Production Public Company Limited (PTTEP), Petronas, and Qatar’s energy ministry. Gas
South Korean shipbuilder DSME has handed over newbuild LNG carrier Energy Intelligence to Greek ship management company Alpha Gas. Courtesy of Alpha Gas The 173,400 cubic metres LNG carrier Energy Intelligence, built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea, was delivered on 30 June 2021. Alpha Gas