Two giant, rival oilfield services players – Baker Hughes & Schlumberger – closed the year 2021 on a positive note, recording improvements in their financial performances during the last quarter of the year with expectations for favourable market conditions in the year ahead. In its report on Thursday, Baker Hughes …
UK-based small-scale LNG company Avenir LNG says that Carlo Ravizza of Höegh Capital Partners has joined its board of directors. Courtesy of Avenir LNG Carlo Ravizza will replace Sveinung Støhle, who recently stepped down as president and CEO of Höegh LNG. Peter Mackey, CEO of the company, said: “We are …
U.S. LNG project developer Venture Global LNG is nearing production of the first amount of liquified natural gas at its new Calcasieu Pass export facility in Louisiana. Courtesy of Venture Global LNG Venture Global is developing an LNG export facility in Cameron Parish, Louisiana, south of the city of Lake …
Korea Research Institute of Ships and Ocean engineering (KRISO) has been awarded two approvals in principle from the Korean Register for its liquid hydrogen fuel tanks for ships. Courtesy of KRISO KRISO says it has taken an important first step in the development of hydrogen-powered eco-friendly ships. Korean Register awarded …
The Suiso Frontier, the world’s first liquefied hydrogen carrier, will set sail from Australia to Japan with its first LH2 shipment, marking a milestone for the HESC project. Courtesy of HESC A ceremony at Port of Hastings marked the Suiso Frontier‘s arrival from Japan to Australia. Back in December, the …
Qatari LNG shipping operator Nakilat has awarded a three-year contract to Bureau Veritas (BV) to carry out Condition Assessment Programmes (CAP) for its LNG carrier fleet. Courtesy of Nakilat BV Solutions Marine & Offshore, a unit of BV, tests, inspects, and certifies marine and offshore components. The new contract will …
HYON AS, a Norway-based provider of zero-emission maritime hydrogen bunkering solutions, has announced the successful completion of a private placement of NOK 50 million ($5.6 million), valuing the company at NOK 130 million. Founded in 2017, HYON is backed by owners including Saga Pure, Norwegian Hydrogen and Nel. The company …
Norway-based compressed air system supplier TMC Compressors (TMC) has secured a contract to deliver its eco-friendly marine compressed air system for the Hong Kong-based Seaspan Corporation’s containerships. Chinese Jiangsu New Yangzi Shipbuilding Company is building fifteen 7,000 TEU dual-fuel liquefied natural gas (LNG) containerships for Seaspan Corporation and has picked TMC’s marine …
US LNG exports decreased this week while Henry Hub went up, the Energy Information Administration (EIA) showed in its weekly report. Courtesy of Cheniere In the latest Short-Term Energy Outlook report for the week between 13 January and 19 January, EIA says 20 vessels departed the United States. This results …
Norwegian RoRo shipping company Höegh Autoliners has entered into a contract with China Merchants Heavy Industry (CMHI) for four fixed and eight optional multi-fuel and zero-carbon ready Aurora-class vessels. Photo: Höegh Autoliners Under the terms of the contract, the first two pure and truck carriers (PCTCs) will be delivered in …