Japan’s oil and gas producer Inpex has executed a joint research agreement with Japan Organization for Metals and Energy Security (JOGMEC) to evaluate the potential of the Bonaparte Basin in Australia to become a large-scale carbon storage location. The parties will conduct joint research to support Inpex as it assesses
State-run shipping giant China Merchants Energy Shipping (CMES) revealed earlier today that it has signed a Letter of Intent (LoI) for the construction of up to six dual-fuel methanol-powered Pure Car and Truck Carriers (PCTC). The deal, signed with China Merchants Industry Holdings, stipulates the construction of two firm plus four optional 9,000
The Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) have opened a call for expression of interest (EOI) to develop low or zero-carbon power generation and bunkering solutions. Following the launch of the National Hydrogen Strategy at Singapore International Energy Week 2022, Singapore is now
While working on tackling the energy trilemma, BP, a UK-headquartered energy giant, has been growing its renewables portfolio to support the energy transition while continuing to develop hydrocarbon projects that help strengthen energy security. As a result, three big projects are on track to start up next year. Based on the common themes
Dutch Minister for Climate and Energy Policy Rob Jetten intends to appoint energy infrastructure firm Gasunie to develop an offshore hydrogen network in the North Sea. According to Gasunie, the Minister announced its intention to the House of Representatives on 2 December 2022. Hydrogen produced using offshore wind energy from
Finnish technology group Wärtsilä has been selected to provide cargo handling and fuel supply systems for Exmar LPG’s two LPG/Midsize gas carrier vessels. Photo: Wärtsilä As explained, the 46,000 cbm ships, dubbed the world’s largest LPG/Midsize gas carriers, are being built at South Korean shipyard Hyundai Mipo Dockyard (HMD). The
Japanese shipping major Kawasaki Kisen Kaisha Ltd (K Line) has laid out its short-term investment plans in a newly released report, earmarking a significant portion for environmental initiatives. “First of all, we aim to invest a total of ¥250.0 billion ($1.85 billion), within the amount of operating cash flows, over
Commodities trading group Trafigura has entered into a $3 billion four-year loan agreement guaranteed by the Federal Republic of Germany to secure gas supply. The loan is jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating banks. Over 25 banks participated
Yinson Production, through its wholly-owned subsidiary, Yinson Azalea Production Pte Ltd, has entered into an agreement for preliminary activities with Azule Energy, through its wholly-owned subsidiary Eni Angola S.p.A, for the Agogo project in Angola. Under the agreement, the parties will commence all preliminary activities for the provision, operation and