China Merchants Energy Shipping (CMES) has revealed another order for two 175,000 cbm LNG carriers at compatriot shipbuilder Dalian Shipbuilding Industry Company. The company plans to allocate up to $235 million per vessel, pushing the total to $470 million. The shipping heavyweight said that the vessels are expected to be
RWE and Hyphen Hydrogen Energy have signed a Memorandum of Understanding (MoU) that could see RWE offtake up to 300,000 tons of green ammonia per year from Namibia. Courtesy of RWE Hyphen was appointed the preferred bidder by the Namibian government to develop the first green hydrogen project in Namibia
The 15th Offshore Energy Exhibition & Conference (OEEC) in Amsterdam once again proved to be a great success: as always, the two-day exhibition offered exciting networking opportunities, knowledge sharing, presentations, workshops and a lot more. Energy security, green hydrogen, human capital and floating wind were just some of the topics
Danish green hydrogen provider Everfuel has appointed new deputy chief executive officer (CEO) to expand the management team and drive the execution of the growth strategy. Martin Skov Hansen will assume the new role starting from 1 January 2023 with a special focus on organisation development, HR and maturing key business
Global energy major TotalEnergies has joined the Castor Initiative, a multinational coalition committed to making zero-emission shipping a reality, to support the uptake of ammonia as a green fuel and the development of ammonia-powered tankers. The global coalition, which includes MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI),
South Korean shipyard Samsung Heavy Industries (SHI) has ordered the tank design for seven new LNG carriers from the French LNG containment specialist GTT. The order was placed on behalf of a Europan and an American ship owner. For this project, GTT will design the tanks of seven vessels, which
Japanese shipping major NYK has concluded investment and strategic alliance agreements with PT Pertamina International Shipping (PIS), a shipping subsidiary of Indonesian state-owned oil and gas company PT Pertamina (Persero). Courtesy of NYK NYK and PIS reached an agreement in principle on the investment back in October and finalised the
Austrian oil and gas company OMV has introduced its new corporate structure to deliver on ambitions to become a net-zero company, which will come into effect on 1 January 2023. According to OMV, the new structure is designed to fully enable the delivery of Strategy 2030 and drive its transition
Renewable energy company e1 Marine has signed a Memorandum of Understanding (MoU) with naval design and engineering specialists NAVTEK to develop hydrogen-powered vessels and port applications for the European market. As explained, under the MoU, e1 Marine will incorporate methanol-to-hydrogen generator technology with PEM fuel cell power solutions on NAVTEK-identified marine applications. Specifically,
A recent report, analysing Rystad Energy data, which was published by environmental research group Urgewald, in partnership with multiple organisations across Africa and Europe, has shown that total capital expenditures (capex) for oil and gas exploration in Africa rose from $3.4 billion in 2020 to $5.1 billion in 2022. During