Oil and gas companies and associated supply chain have started responding to the global energy transition push by announcing strategic business reviews and expansion of focus to cleaner and emissions-free markets more aligned with net-zero targets, as renewable energy sector prepares to enter the record-breaking age bound to continue with
Norwegian energy company Gen2 Energy and Vefsn municipality have teamed up on the purchase and sale of two plots in Mosjøen for large scale production and shipping of green hydrogen. As disclosed, the parties agreed that Gen2 Energy can purchase commercial plots in Mosjøen to build production facilities for green hydrogen,
Dutch maritime equipment manufacturer Straatman will add a complete mooring system on the FSRU Toscana, serving the LNG terminal off the Italian coast. Courtesy of OLT Offshore FSRU Toscana is permanently moored about 22 kilometres off the Italian coast between Livorno and Pisa, in the Tuscany region. To remind, Italian
The U.S. Department of Energy (DOE) has announced $64.7 million in funding for 22 projects focused on producing cost-effective, low-carbon biofuels for ships and airplanes. As explained, the investments will advance technologies to create replacements for petroleum fuels used in heavy-duty forms of transportation and accelerate America’s path to a
French LNG containment specialist GTT has launched LNG Optim, a new smart shipping solution to optimize vessel energy performance. Courtesy of GTT GTT says it has been working on services to support the maritime industry in its digital and energy transformation. The launch of smart shipping solutions is to optimize
Norsk Hydro has finalized a 15-year agreement with New Fortress Energy (NFE) for the supply of LNG to the Alunorte alumina refinery in Brazil to reduce carbon emissions. Courtesy of Hydro The new agreement comes after the companies signed a memorandum of understanding (MoU) back in April. Norwegian renewable energy
Weekly LNG exports increased the second week in a row, boosting Henry Hub prices, according to the U.S. Energy Information Administration (EIA) report. Courtesy of Cheniere According to the latest Short-Term Energy Outlook, EIA reports that U.S. LNG exports climbed another week. The reporting period is from 1 September to
Japan’s shipowner Nippon Yusen Kaisha (NYK) Line has joined forces with compatriot company MTI Co. and Finnish maritime consulting and engineering firm Elomatic Oy for the development of a concept design for “ammonia ready” liquefied natural gas (LNG)-fueled vessel (ARLFV). As disclosed, the development of a concept design is being conducted
Norwegian pure-play LNG carrier company Flex LNG will be included in the Oslo Stock Exchange (Oslo Børs). Courtesy of Flex LNG After 17 September 2021, Flex LNG will become a part of the benchmark stock portfolio in Oslo. The Norway-based LNG shipping company focuses on LNG carriers (LNGCs) and floating