Global engineering company Wood has signed a three-year contract with Norwegian state-owned operator Gassco to support the safe and secure transportation of gas from Norway to the UK and Europe. Easington; Courtesy of Wood Under the contract, Wood will work closely with Gassco to renovate the gas receiving facilities. It …
The newly formed shipping company CoolCo has now completed all eight acquisitions of LNG carriers from Bermuda-based shipper Golar LNG. Courtesy of CoolCo On 6 April, Cool Company said that it completed the last two acquisitions of eight modern LNG tankers from Golar LNG. The parties defined the terms of …
Danish companies Ørsted and Esvagt have decided to invest in what the companies describe as the world’s first service operation vessel (SOV) that can operate on green fuels. The SOV will be powered by batteries and dual-fuel engines, capable of sailing on renewable e-methanol, produced from wind energy and biogenic …
Norwegian shipping company Egil Ulvan Rederi, compatriot agricultural cooperative Felleskjøpet AGRI and German building materials company HeidelbergCement have received NOK 100 million ($11.3 million) in support from Norwegian government enterprise Enova to build the “world’s first zero-emission bulk carrier”. Courtesy of Statkraft “Enova supports tomorrow’s climate technology. This is a comprehensive …
U.S. LNG project developer NextDecade and Chinese energy company ENN have executed a 20-year sale and purchase agreement for the supply of LNG from NextDecade’s Rio Grande LNG. Courtesy of NextDecade Under the SPA, ENN LNG will purchase 1.5 million metric tonnes per annum (MTPA) of LNG. The chilled fuel …
U.S. weekly LNG exports decreased by two vessels from last week, according to the U.S. Energy Information Administration (EIA) report. Courtesy of Cheniere In the latest Short-Term Energy Outlook, EIA reports that U.S. LNG exports dropped this week from the last report week. 23 LNG vessels departed the United States …
Surging oil, gas and power prices together with the European Union (EU)’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows. A concern in energy markets is that the ongoing war in Ukraine …
The first steel plates for Scandlines’ new zero-emission ferry were cut at the Cemre shipyard in Turkey on 4 April 2022. Image Courtesy: Scandlines “We have spent the last months getting agreements with subcontractors in place. Monday this week, the first piece of steel for our new ferry was cut …
In light of the war in Ukraine and amid rising concerns over energy security, the UK government has moved to strengthen its energy security through a new strategy announced by the government late on Wednesday, committing to support oil and gas projects in the North Sea and speed up the …
Finland’s ministries support the leasing of a floating LNG (FLNG) terminal together with Estonia to become independent from Russian gas. Illustration; Lithuania’s Klaipeda LNG terminal; Courtesy of Klaipedos Nafta At the meeting on 7 April, the government’s committee on economic policy (TALPO) advocated measures to lease a large LNG terminal …