Netherlands-based energy giant Shell has sold Cardissa, its first LNG bunkering vessel (LNGVB), to South Korean shipping company Pan Ocean. Courtesy of Shell A sale and leaseback agreement has been signed between Shell and Pan Ocean for Shell-owned-and-operated bunker barge. Cardissa is an LNG bunker vessel with the capacity to
Norway’s floating terminal projects company Höegh LNG has acquired a minority stake in Gen2 Energy, joining together to develop seaborne logistics for green hydrogen. Courtesy of Höegh LNG This collaboration wants to result in taking a first-mover position in seaborne transport of green hydrogen, a market that still does not
Russia’s largest shipping company Sovcomflot (SCF Group) and LNG supplier Sakhalin Energy have signed long-term time-charter contracts for two existing LNG-fueled tankers of SCF’s Green Funnel series. The agreements were signed at the 24th St. Petersburg International Economic Forum, which took place on 2–5 June 2021, by Igor Tonkovidov, President
Greek LNG shipper GasLog reveals its shareholders have voted to approve the proposed transaction with an affiliate of New York-based investment giant BlackRock. Courtesy of GasLog GasLog signed a merger agreement with BlackRock Global Energy & Power Infrastructure (GEPIF) in February. The agreement was amended in April. This merger agreement
State-owned Oman LNG has signed an agreement with Royal Dutch Shell to deliver the Middle East’s first shipment of carbon-neutral LNG. Courtesy of Oman LNG The carbon-neutral LNG cargo will be delivered from the terminal in Qalhat near Sur, in the Ash Sharqiyah Region of northeastern Oman. Oman LNG explains
Canada’s Cryopeak LNG Solutions Corporation has started operations at its new LNG production facility in Fort Nelson, British Columbia. Fort Nelson LNG production facility; Courtesy of Cryopeak Cryopeak’s new facility is the most Northern LNG production plant in Canada. The facility’s location and efficiency paired with Cryopeak’s train transport trailers,
Energy major Santos has been granted $11.6 million from the Australian government’s CCS fund for the Moomba carbon capture and storage (CCS) project. Courtesy of Santos The Australian Government’s Carbon Capture Use and Storage Development Fund awarded a A$15 million ($11.6 million) grant to Australia’s Santos and its project partner
Australian energy major Woodside has set new interim and long-term targets to achieve net-zero greenhouse gas emissions by 2050 at the Pluto LNG facility. Courtesy of Woodside The targets include lowering 30 per cent of emissions by 2030 and reducing 100 per cent of emissions by 2050. The targets are
The technology group Wärtsilä believes it will have the industry’s first engine running on ammonia already this year, according to Juha Kytölä, Director of R&D and Engineering at Wärtsilä. “This year we will demonstrate an engine running on ammonia. The demonstration will start with a 40-percent ammonia blend,“ he said
Turkey, through its national oil and gas company TPAO, has discovered 135 billion cubic meters (bcm) of natural gas in the Amasra-1 well in the North Sakarya field located in the Black Sea. TPAO started drilling operations at the Amasra-1 well exploration well in the North Sakarya field in April