Marine services provider GAC Bunker Fuels has signed a Memorandum of Understanding (MoU) with biofuel producer Neutral Fuels to market its marine gas oil (MGO) diesel blend specifically developed for shipping clients in the United Arab Emirates (UAE), Bahrain, Oman, Qatar, and India. Martyn McMahon, global commercial manager of GAC
PetroVietnam Gas, a subsidiary of state-owned PetroVietnam, says construction on the Thi Vai LNG facility is progressing and the first LNG cargo will be imported in 2022. Courtesy of PetroVietnam Gas Once operational, the facility will have a capacity of one million metric tonnes of LNG a year. PV Gas
Pakistan will register significant LNG regasification capacity additions in Asia between 2021 and 2025, according to the analytics company GlobalData. Courtesy of Pakistan LNG This predicted development would contribute about eleven per cent of the region’s total capacity additions by 2025. GlobalData says due to increasing gas demand there are
Italian offshore contractor Saipem has been awarded two new offshore contracts for transportation and installation activities (T&I) for a total amount of over $600 million. The first contract was awarded by Chevron for the Jansz-Io Compression Project, the gas field located around 200 kilometres offshore the north-western coast of Australia,
U.S. infrastructure investment fund Global Infrastructure Partners (GIP) will sell its 25.7 per cent interest in Freeport LNG to JERA Americas for $2.5 billion. Courtesy of Freeport LNG The closing of the transaction is subject to customary regulatory approvals and closing conditions. Freeport LNG is an LNG export company with
Australian energy company Global Energy Ventures (GEV) has received firm commitments to raise $10 million via a share placement to accelerate the development of a new green hydrogen export project located on the Tiwi Islands, Australia. As informed, the placement will comprise the issue of approximately 80.0 million new fully
Australian energy major Woodside has entered into a sale and purchase agreement with Global Infrastructure Partners (GIP) for the sale of a 49 per cent interest of the second train at its Pluto LNG export facility. Courtesy of Woodside GIP buys 49 per cent of non-operating participating interest in the
In this week’s In Focus, we put spotlight on COP26 and energy transition updates which include biggest polluters pledging to joint action against climate change, oil majors joining forces for decarbonisation of energy and industry, and governments proposing phasing out coal and fossil fuel subsidies while investing heavily in clean
American cruise company Carnival Cruise Line has revealed the name of its third LNG-powered Excel-class cruise ship as Carnival Jubilee, setting sail in 2023. Courtesy of Carnival Cruise Line The 182,800 gross tonnage Carnival Jubilee joins sister ships Mardi Gras and Carnival Celebration. To remind, Mardi Gras is the first LNG-powered