Norwegian pure-play LNG carrier company Flex LNG has secured a new charter deal for the 173,400 cbm Flex Amber. The company sealed a deal with an undisclosed energy company and the option was declared in August 2021. The time charter for the 2020-built vessel was originally due to expire in …

Fuel consumption and CO2 emissions of new generation floating storage regasification units (FSRUs) can be reduced by 50 per cent at maximum rated regas flow rate compared to conventional existing FSRUs, a new demonstration test found. Japanese shipping major Mitsui O.S.K. Lines (MOL) and South Korean shipbuilder Daewoo Shipbuilding & Marine …

Woodside Petroleum and BHP Group have entered into a merger commitment deed to combine their respective oil and gas portfolios via an all-stock merger. BHP said on Tuesday that, on completion, BHP’s oil and gas business would merge with Woodside which would issue new shares to be distributed to BHP …

UK port operator Global Energy Group (GEG) has entered into an agreement with Swiss-based integrated energy company Proman to develop a renewable power to methanol plant utilising local sources of captured carbon dioxide (CO2) to be located at the Nigg Oil Terminal in the Highlands of Scotland.  Image Courtesy: Global …

A supply shortfall in Australia’s east coast gas market is increasingly likely, especially in the southern states, the Australian Competition & Consumer Commission’s (ACCC) latest gas report reveals. The report, entitled Gas inquiry 2017-2025 and released on 17 August, reveals a finely balanced supply outlook for 2022. A shortfall of 2 PJ …

Norway’s cleantech company TECO 2030 has signed a letter of intent with compatriot energy company Greenstat to cooperate on relevant projects with the aim of developing a complete hydrogen value chain. Image Courtesy: TECO 2030 As informed, the duo will discover, evaluate and participate in relevant projects. For the projects …

Odfjell Gas Shipowning AS, part of Norwegian shipping and tank terminal company Odfjell SE, has entered into a transaction agreement with Singapore-based ship owner and operator BW Epic Kosan Ltd. (BWEK) for the sale of two LPG/ethylene carriers. Illustration. Image Courtesy: Rhannel Alaba/Odfjell The vessels in question are Bow Guardian …

HEGRA, a company that aims to electrify and decarbonize the ammonia plant at Herøya and enable large-scale green ammonia production, was launched in Norway on 16 August 2021. HEGRA is short for HErøya GReen Ammonia, and is co-owned by Yara, Aker Clean Hydrogen and Statkraft each owning 1/3. “Aker, Yara and Statkraft have …

The offshore energy sector has this week witnessed the unwavering nature of energy transition which is bound to continue – hopefully at an accelerated pace – as the nature steps up its cries for protection by employing the ‘shock and awe’ tactics which set many areas of the world ablaze …

The US Port of Corpus Christi Authority and compatriot energy company Howard Midstream Energy Partners (HEP) have signed a memorandum of understanding (MOU) as they intend to convert Howard’s Javelina refinery services facility into the region’s first carbon-neutral hydrogen production facility. Howard’s Javelina facility is strategically positioned in the Port …