TechnipFMC today officially completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies has set its technical reference price at €9.00 ahead of its direct listing on the Euronext Paris Exchange. TechnipFMC will move forward in two
French LNG containment specialist GTT received approval in principle from Bureau Veritas clearing the use of existing Mark III LNG systems to also be used to contain ammonia without any major design changes. Courtesy of GTT GTT obtained two approvals in principle (AiP) from Bureau Veritas, a company specialized in
Japan Petroleum Exploration (JAPEX) partially restarted operations at the Soma LNG terminal after being shut down on February 13, due to an earthquake. Courtesy of JAPEX The company noted that it had resumed supply of regasified natural gas to the gas pipeline network. However, the supply of LNG used as
Norwegian oil and gas company Equinor has said that there will be no strike at Mongstad refinery, which would have affected output at its offshore fields, as the employers’ organisation and the workers’ union have managed to make a deal. To remind, Equinor last Friday warned that possible strike action
The government of Ecuador authorized U.S. project development company Sycar to trade natural gas, liquified natural gas, and compressed natural gas for the industrial market. Courtesy of Sycar The resolution was issued by the Ministry of non-renewable natural resources of Ecuador on 12 February 2021, the company said in a
The future EU fuel standard requirement should merely concern fuel suppliers and not vessels, the European Community Shipowners’ Associations (ECSA) pointed out. According to EU shipowners, the European Commission should address fuel suppliers by introducing sub-targets to make low- and zero-carbon fuels available for shipping and by increasing the multiplier
Gas infrastructure major, Fluxys noted it has reached a final investment decision to expand regasification capacity at the Zeebrugge LNG facility. Courtesy of FLuxys Belgium – P. Henderyckx The company said on Monday that the decision has been made following the success of a freshly closed open season process. “During
In support of the Biden Administration’s climate innovation agenda, the U.S. Department of Energy (DOE) has set aside up to $100 million in funding for transformative clean energy technology research and development via ARPA-E OPEN 2021 funding opportunity. Illustration/ORPC’s tidal energy technology. ORPC was supported in OPEN 2015 funding call
The Australian energy major Santos expects to recognize an impairment totaling $139 million following reserves review. Courtesy of Santos The expected impairments will be in addition to the US$756 million before tax impairment due to lower oil price assumptions included in Santos’ 2020 half-year results released in August 2020, the
Containerships, an Intra-European carrier and a subsidiary of the CMA CGM Group, recently took delivery of its fifth new containership powered by liquefied natural gas (LNG), the Containerships Borealis. Built at Guangzhou Wenchong Shipyard in China, the 1,400 TEU short-sea vessel is the first of two units to enter commercial operations