The U.S. Energy Information Administration (EIA) report says that weekly LNG exports are up this week, while the Henry Hub spot price went down. Courtesy of Cheniere According to the latest Short-Term Energy Outlook from EIA, U.S. LNG exports increased for the period between 3 February and 9 February 2022 …
Aker Clean Hydrogen, a Norwegian integrated clean hydrogen, ammonia and methanol producer, and Kuehne+Nagel, a Switzerland-based sea logistics provider, are joining forces to decarbonize the maritime logistics sector by offering green container transport. Illustration. Image Courtesy: Kuehne+Nagel As explained, the two companies envision the expansion of Kuehne+Nagel’s offer of green …
French energy major TotalEnergies saw its quarterly profit soar at the end of last year while returning to the black on a year-over-year basis driven by higher oil and gas prices. TotalEnergies on Thursday posted a net profit of $5.8 billion in 4Q 2021 and $16 billion for the full …
Swedish shipping company Furetank joins the development of a new biogas plant producing around 5,000 tonnes of LBG annually as one of the keys to fossil-free shipping. Courtesy of Furetank Liquefied biogas is one of the keys to fossil-free shipping. However, the lack of supply is its major issue. Therefore, …
S&P Global Platts, an independent energy markets information provider, has launched time charter equivalent (TCE) assessments for Newcastlemax class dry bulk ships using LNG as bunker fuel. Illustration only; Courtesy of HSHI This launch comes because of growing efforts by the shipping industry to use clean fuel to reduce GHG …
Canada’s industry-led transformative cluster Ocean Supercluster has announced its largest project to date, the $65 million Clean Ocean Advanced Biofuels Project. Photo: Ocean Supercluster In the project, Ontario-based Valent will work with a pan-Canadian team to produce Canada’s first renewable diesel from abundantly available agricultural and forestry by-products. A major …
U.S. marine transportation firm Centerline Logistics and North American marine engineering company Vard Marine will jointly develop an Articulated Tug and Barge (ATB) LNG bunker barge. Courtesy of Centerline Logistics Due to 225 LNG-fueled ships in operation and more than 400 on order, the need for providing LNG bunkering solutions …
Italian oil and gas company Eni has signed 19 Memoranda of Understanding (MoUs) for carbon, capture & storage within the HyNet North West project in the UK. Eni revealed on Wednesday that the 19 MoUs had been signed with as many companies interested in the opportunity to have their emissions …
French company Sabella has signed a memorandum of understanding with H2X-Ecosystems for the development of green hydrogen production system powered by tidal energy. Illustration/Sabella’s D10 tidal turbine (Courtesy of Sabella) The memorandum of understanding was signed as part of Sabella’s development strategy for the green hydrogen production market. H2X-Ecosystems is …
Finnish technology group Wärtsilä has signed an optimised maintenance agreement with the Canadian ferry operator Societé des Traversiers du Quebec (STQ) for two LNG-fueled ferries. Courtesy of Societé des Traversiers du Quebec The five-year long-term deal specifically covers two vessels: the Jos Deschenes II and the Armand Imbeau II. The …