According to the U.S. Energy Information Administration (EIA) report, weekly LNG exports have decreased by two vessels from last week, while the Henry Hub prices went up. Courtesy of Cheniere In the latest Short-Term Energy Outlook report for the week between 12 May and 18 May, EIA says 19 LNG
The global shipping industry will require the equivalent of the world’s entire current renewable energy demand in order to replace fossil fuel use, a new report commissioned by the International Chamber of Shipping (ICS) has shown. The report named “Fuelling the Fourth Propulsion Revolution”, authored by professor Stefan Ulreich from
U.S. LNG engineer Chart Industries has completed the acquisition of Swedish company CSC Cryogenic Service Center for approximately $4 million. Courtesy of Chart Industries Chart Industries says that CSC brings a strong service footprint in the Nordic Region with many overlapping customers to Chart. Therefore, it is allowing Chart to
Edinburgh-based storage tech firm Gravitricity and British environment consultancy Arup have secured $372,073 (£300,000) from the UK goverment to study the feasibility of storing hydrogen in purpose-built underground shafts. Courtesy of Gravitricity Gravitricity and Arup have together secured funding from the Department of Business Energy & Industrial Strategy through the
Australian energy giant Woodside has revealed that its shareholders have approved its plan for the merger of BHP’s petroleum business portfolio with Woodside. Back in August 2021, a merger commitment deed was announced between Woodside and Australia’s BHP Group, enabling the former to acquire the entire share capital of BHP Petroleum in
Australian Provaris Energy, former Global Energy Ventures (GEV), is making progress on the engineering and development of its H2Neo GH2 carrier, with the aim to achieve approval for construction in 2023. According to Provaris, the detailed contract design package (CDP) for the 26,000 cbm carrier is 70% complete and on
The goverment of the UK will grant $74.3 million (£60 m) to HySupply competition winners to provide funding for projects to develop innovative low-carbon hydrogen supply solutions. Illustration only; The National Nuclear Laboratory in Cumbria; Courtesy of NNL The UK Department for Business, Energy and Industrial Strategy revealed in a
Hong Kong-based operator and owner of containerships Seaspan Corporation, part of Atlas Corp., has entered into agreements with an unnamed shipyard to construct four 7,700 TEU dual-fuel liquefied natural gas (LNG) containership newbuilds. Illustration. Image by Navingo As informed, the vessels are anticipated to be delivered in the third and
New York-based hydrogen company H2 Industries and naval architecture firm TECHNOLOG Services have developed 3D designs for a concept ship that collects plastic waste and converts it into clean hydrogen. Courtesy of H2 Industries According to an assessment by the UNEP, plastic pollution in oceans continues to grow sharply and
Embarking on a journey to bring zero-emissions solutions to the fore, Norway’s vessel owner and operator Golden Energy Offshore Services has teamed up with Gen2 Energy, a compatriot hydrogen company, to explore the use and availability of hydrogen-based fuel in the maritime industry. The two companies have inked a letter