In a bid to reach net-zero greenhouse gas emissions by 2050, UK’s regulator North Sea Transition Authority (NSTA) has awarded two carbon storage (CS) licences in the Southern North Sea to energy giants BP and Equinor. These licences, which could store up to 23 million tonnes pa (Mtpa) of CO2 by
Global Ship Lease (GSL), a London-based containership owner Global Ship Lease (GSL) and Golar LNG, a UK-based owner and operator of marine-based LNG midstream infrastructure, have invested in a carbon capture initiative led by Aqualung Carbon Capture AS. Illustration; Courtesy of Golar LNG As informed, Norway’s Aqualung completed a new
According to the Energy Information Administration (EIA) report, weekly LNG exports from the U.S. dropped by four vessels week over week, followed by Henry Hub spot prices. Courtesy of Cheniere In the latest Short-Term Energy Outlook for the week between 5 May and 11 May, EIA reports 21 LNG vessels
MacGregor, part of Cargotec, has been selected to supply roll-on/roll-off (RoRo) equipment for a new LNG-fueled vessel German shipbuilder Flensburger Schiffbaugesellschaft (FSG) is building for Australian operator SeaRoad. Courtesy of FSG In September 2021, FSG received an order for the construction of a RoRo vessel running on LNG from SeaRoad. SeaRoad
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expected amount of gas produced by Russia in 2022, according to research by Rystad Energy. In early March, the European Union announced it
Classification society Bureau Veritas (BV) recently approved the second generation of the REXH2 developed by Energy Observer Developments (EODev), a turnkey electro-hydrogen power generator for the supply of low carbon electricity onboard ships. Courtesy of BV The hydrogen PEM fuel cell makes it possible to meet energy needs ranging from
The Japanese energy company has formed a subsidiary for LNG trading named Q United Energy Supply & Trading (QUEST). Illustration only; Saibu Gas’ and Kyushu Electric Power’s Hibiki LNG terminal; Courtesy of Saibu Gas Kyushu Electric revealed in a statement that it launched a new LNG trading unit. The company
Saudi oil and gas giant Saudi Aramco and Thailand’s state-owned energy firm PTT want to strengthen cooperation in areas like LNG, blue and green hydrogen, and various clean energy initiatives. Courtesy of Aramco Aramco and PTT want to strengthen cooperation across crude oil sourcing and the marketing of refining and
UAE-based oil company Abu Dhabi National Oil Company (ADNOC) has awarded a design contract to US engineering firm McDermott for its planned Fujairah LNG terminal. Courtesy of ADNOC In a social media post, ADNOC said its new, carbon-efficient LNG plant in Fujairah is moving to the design stage, with McDermott
Hong Kong-based dry bulk shipping company Pacific Basin has signed a memorandum of understanding (MoU) with Japanese shipyard Nihon Shipyard and trading and investment company Mitsui to cooperate in the investigation and development of zero-emission vessels. The partners will also explore the investment in related bunkering infrastructure. Nihon Shipyard is