Oil and gas giant BP has inked the 30-year production sharing contracts (PSCs) for two deepwater exploration blocks located offshore Indonesia. The PSC signing between BP and the government of Indonesia for Agung l and Agung ll exploration blocks comes following the decision to award the two gas blocks to
U.S. LNG export project developer Cheniere Energy will repurchase $350 million of the company’s common shares owned by American conglomerate Icahn Enterprises. Illustration; Courtesy of Cheniere On 15 June, Cheniere said it entered into a purchase agreement to buy back approximately $350 million of its common shares owned by Carl
Italian oil and gas company Eni has introduced the first hydrocarbons from the Coral South field located offshore Mozambique to the Coral-Sul FLNG vessel. Eni, as Upstream Delegated Operator of Area 4 on behalf of its partners – ExxonMobil, CNPC, GALP, KOGAS and ENH – revealed on Saturday that the
Shipping joint venture Proman Stena Bulk has taken delivery of the first of six 49,900 dwt methanol-powered dual-fuel medium-range tankers. Courtesy of Proman Stena Bulk The newbuild, Stena Pro Patria, is preparing for commercial operation, Swedish shipping company Stena Bulk and Swiss methanol producer Proman confirmed. Launched in autumn 2021,
Swedish energy systems provider Echandia has received a second order from compatriot company Green City Ferries AB. Photo: Echandia Green City Ferries is expanding its waterborne public transport in Stockholm with another zero-emission Beluga24 vessel. The Beluga24 is the world’s first fully emission-free, high-speed, carbon fiber catamaran, and Echandia has
Green hydrogen, often seen as a critical enabler of the global transition to sustainable energy and net zero emissions economies, continues to be a major subject of interest for the industry players worldwide. The recent surge in activity in the market is opening the door for new developments with one
OCI NV, a producer and distributor of natural gas-based fertilizers and industrial chemicals based in the Netherlands, has made a final investment decision (FID) for the first phase of its ammonia import terminal expansion project at the Port of Rotterdam. As disclosed, the expansion will be developed under a staged
C-Zero Inc., a California-based clean energy company that has developed a technology for natural gas decarbonisation, has closed a $34 million dollar financing round led by SK Gas, a subsidiary of South Korea’s second-largest conglomerate, the SK Group. Courtesy of C-Zero SK Gas was joined by two other new investors
Italian cruise line Costa Cruises, part of Carnival Corporation, has christened its second cruise ship, Costa Toscana, powered by liquefied natural gas (LNG). As informed, the christening ceremony of the vessel, which was delivered to the company last December, took place in Barcelona on 16 June. The 185,000 GT cruise
Dutch independent fuel supplier to the marine industry, Titan LNG, has decided to rebrand as Titan. Illustration. Courtesy of Titan As explained, the new name better reflects Titan’s commitment to delivering all the fuels that decarbonize shipping and industry in a substantial way, such as liquefied biomethane (LBM), and any