Although we are in the midst of the summer holidays and mails are returned with out-of-office messages, some moves were made on the offshore energy chess board. Moves that show that the strategy of the game is changing towards a more sustainable future. In this weekly update recent developments from
Monaco-based tanker operator Scorpio Tankers has taken a minority interest in a group of nine product tankers, including five dual-fuel Medium Range (MR) methanol tankers. As informed, the MR tankers, built between 2016 and 2021, are designed to use methanol as fuel and carry it as cargo. The dual-fuel MR Methanol
Spanish oil and gas company Repsol has bought the remaining 25 per cent of interest in Canada’s Canaport LNG from Canadian oil and natural gas company Irving Oil. Courtesy of Canaport LNG Canaport LNG is liquefied natural gas (LNG) receiving and regasification terminal located in St John, New Brunswick in
Kuwait’s national oil company Kuwait Petroleum issued a tender seeking a liquefied natural gas (LNG) cargo for delivery in September. Illustration only; Courtesy of KIPIC Reuters reports that Kuwait Petroleum is looking for the cargo on a delivered ex-ship (DES) basis. The tender is for delivery to the Mina Al
Italian oil and gas company Eni will deliver a carbon-neutral LNG cargo to Taiwan,’s energy player CPC Corporation at the Yung An receiving terminal. Illustration only; Courtesy of CPC Corp Eni and CPC Corporation reached an agreement for the carbon-neutral LNG cargo. The cargo will be offset through the retirement
U.S. LNG exporter Cheniere Energy publicizes a liquefied natural gas life cycle assessment study which allows for improved greenhouse gas (GHG) emissions assessment. Courtesy of Cheniere American Chemical Society Sustainable Chemistry & Engineering Journal published this first-of-its-kind analysis on life-cycle assessment for emission accounting. In fact, the study used GHG
Hong Kong-based containership owner Seaspan Corporation has forward fixed contracts, extending current lease terms for 10 containerships with an undisclosed major liner. The vessels, representing approximately 100,000 TEU in total, were previously scheduled to have four charters expire in 2022, four charters to expire in 2023 and two charters to
LNG exports from the U.S. increase week over week, with Henry Hub prices going up, according to weekly data from the Energy Information Administration (EIA). Courtesy of Cheniere In the latest Short-Term Energy Outlook report for the week between 29 July and 4 August, EIA reports 21 LNG vessels that
Danish vessel provider Esvagt and Norwegian shipbuilder Ulstein have entered into a contract for the conversion of two platform supply vessels to ERRV battery hybrid vessels. From left: Ove Dimmen and Rolf Ottar Rovde The shipbuilder said on Thursday that the two platform supply vessels ‘Hermit Fighter’ and ‘Hermit Prosper’
Qatar’s Nakilat, the world’s largest LNG shipper, and Norway’s classification society DNV have teamed up to improve software reliability and maintenance during vessel operations. Courtesy of Nakilat Critical vessel functions rely specifically on computerised software-based systems. Indeed, software failures or reliability issues can result in significant safety risks, as well