Norway-based shuttle tankers owner and operator Knutsen NYK Offshore Tankers AS (KNOT), an affiliate of NYK, has taken delivery of its first dual-fuel liquefied natural gas (LNG) shuttle tanker to be chartered to Italian energy giant Eni. Frida Knutsen. Courtesy of NYK The vessel, named Frida Knutsen, was delivered on
Australian green hydrogen company Hysata has closed its Series A funding round with A$42.5 million ($29.4 mln). Courtesy of Hysata On 2 August, Hysata informed that its hydrogen electrolyser technology is supported by global investors, as it closes its oversubscribed Series A funding round of $42.5 million AUD. Virescent Ventures
The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam Authority have signed a memorandum of understanding (MoU) to establish the world’s longest Green and Digital Corridor. The MoU, signed on the sidelines of the biennial World Cities Summit, will bring together stakeholders across the supply chain to realise
Swedish sustainable solutions provider Alfa Laval has completed the acquisition of Belgium-based Desmet, a supplier of processing plants and technologies for edible oils and biofuel sectors. Announced in March this year, the acquisition is expected to strengthen Alfa Laval’s position in the renewable energy sector and complement its offering within
The venture capital units of energy giants Chevron and Shell participated in Canadian clean hydrogen company Aurora Hydrogen’s $10 million funding round. The Aurora Hydrogen founders; Courtesy of Aurora Hydrogen Aurora Hydrogen is developing a clean hydrogen production technology that uses microwave energy without generating any CO2 emissions or consuming
Oil and gas giant BP joined its peers in posting record quarterly profits on the back of higher oil and gas prices and strong refining margins. The company also announced a 10 per cent dividend increase and net debt reduction. Last week, other oil giants, including Shell, Equinor, ExxonMobil, and
Oil and gas companies BP and Eni have confirmed that Azule Energy, a new 50/50 independent joint venture combining the two companies’ businesses in Angola, has been officially established. Azule Energy logo; Source: Eni Following a memorandum of understanding from May 2021, BP and Eni signed an agreement to form
U.S. LNG engineer Chart Industries has signed a deal with compatriot energy infrastructure firm Wolf Carbon Solutions to collaborate on carbon capture utilization and storage (CCUS) projects. Illustration; Courtesy of Chart Chart signed a memorandum of understanding (MoU) with Wolf Carbon Solutions. Wolf is an affiliate of Wolf Midstream, a
Dynagas LNG Partners, a partnership formed by Greek shipping company Dynagas, has declared a cash distribution of $0.546875 per unit on its Series B Preferred Units. Courtesy of Dynagas Dynagas LNG Partners owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Parntership’s current fleet consists of six LNG
Ammonia is at the top of the list of the potential shipping fuels of the future, being a zero-carbon solution that can become economically viable. The shipping industry has already built extensive experience in transporting and handling ammonia onboard vessels, and we are seeing major strides being made in designing