China Petroleum & Chemical Corporation (Sinopec) has received the first LNG cargo from the ten-year LNG sale and purchase agreement with QatarEnergy. Illustration only; Courtesy of Sinopec Back in March 2021, Sinopec signed the agreement with Qatar’s state-owned petroleum company QatarEnergy, formerly known as Qatar Petroleum. The deal specifically stated
Building a sustainable future in a pandemic-ridden world is no easy feat, however, the energy and maritime industry has shown a great determination to overcome obstacles in its quest to accelerate decarbonisation and establish a more balanced, lower-carbon energy mix, paving the way towards the net-zero future. Premium content Checking
Russia’s natural gas producer Novatek published its 2021 preliminary operating data showing that both production and sales of natural gas, including LNG, went up compared to 2020. Courtesy of Novatek Preliminary 2021 total natural gas sales volumes, including volumes of LNG, aggregated 75.81 billion cubic metres (bcm), representing an increase of
Japanese shipping company NYK Line has placed orders for four new LNG-fueled Capesize bulk carriers with Nihon, Namura, and CSSC shipyards. Courtesy of Nihon Shipyard Out of the four total, NYK Line says that Tokyo-headquartered Nihon Shipyard will construct two of the vessels. The compatriot Namura Shipbuilding will build one
German hydrogen fuel cell producer Proton Motor Fuel Cell and compatriot electric drive system provider Torqeedo are jointly developing hydrogen hybrid propulsion system building kit for maritime mobility. Image by Proton Motor Fuel Cell The project, with the working title “Ma-Hy-Hy” (Marine-Hydrogen-Hybrid), aims to develop the propulsion system building kit
Shell and Thyssenkrupp have signed a supply contract for the large-scale green hydrogen production project ‘Hydrogen Holland I’ in the port of Rotterdam. Holland Hydrogen I The Holland Hydrogen I facility’s location will be in Port of Rotterdam on the second Maasvlakte. Specifically, the project is to be one of
Bermuda-based shipping company Teekay LNG Partners has completed merging with NYC-based investment firm Stonepeak, thus rebranding as Seapeak. Courtesy of Seapeak On 13 January, Teekay LNG Partners (the Partnership) said that it completed the previously announced acquisition of the Partnership by Stonepeak. Back in October, the parties entered into the merger
Japanese conglomerate Marubeni Corporation has teamed up with its compatriot energy company ENEOS for the introduction of an eco-friendly ethylene carrier. As disclosed, ENEOS as a producer of ethylene and Marubeni as a sales and logistics provider have supplied ethylene to customers over a long time frame. Now, the companies
Weekly exports of LNG from the United States have increased by one vessel from last week, according to data from the Energy Information Administration (EIA). Courtesy of Cheniere In the latest Short-Term Energy Outlook for the week between 6 and 12 January, EIA reports 25 LNG vessels departed the United
The European Commission has adopted a decision to prohibit a mega-merger that would combine two South Korean shipbuilding companies, Hyundai Heavy Industries Holdings (HHIH) and Daewoo Shipbuilding & Marine Engineering (DSME). The merger between the two South Korean shipbuilders would have created a dominant position by the new merged company