India’s largest commercial shipbuilder Cochin Shipyard Limited (CSL) Kochi is forging ahead with ambitious plans that will see construction of vessels powered by alternative energy sources. The shipyard is working on multiple projects at the moment that will see inland, coastal and short-sea vessels powered by hydrogen fuel cells and
Natural gas markets are expected to remain tight well into next year as Russia keeps curtailing natural gas flows to Europe which has pushed international prices to new highs, disrupted trade flows and led to fuel shortages, International Energy Agency (IEA) finds in its latest report. According to IEA’s latest
The Netherlands-based terminal operator APM Terminals and Jordan-backed Aqaba Development Cooperation (ADC) have signed a memorandum of understanding for a 15-year extension of their partnership in the Aqaba Container Terminal (ACT), paving the way for making the facility zero emission. Courtesy of APM Terminals As informed, the agreement secures a $242
US-based ammonia power solutions company Amogy has launched operations in Norway and hired a former director at Yara Clean Ammonia to work on accelerating the company’s effort in commercializing its ammonia-to-power technology. Amogy announced the opening of its Norway operations on 29 September with the hiring of Christian W. Berg for
The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind. Premium content Checking for account. You need javascript to validate your login status. Premium Premium
Canadian pipeline company Enbridge has acquired Tri Global Energy (TGE), the US renewable project developer, to speed up its growth strategy in North America. Enbridge has closed the acquisition for $270 million in cash and assumed debt. Additionally, up to approximately $50 million in payments could be made contingent on the successful execution of
American Burea of Shipping (ABS) and South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have formed a joint development project to create a decarbonization strategy for DSME’s LNG carrier designs. Signed at Gastech, the project will see ABS and DSME investigate carbon emission performance of ships in various segments.
MISC Berhad (MISC), an owner and operator of liquefied natural gas (LNG) carriers, has strengthened its partnership with ExxonMobil’s unit SeaRiver Maritime with new long-term time charter contracts. Illustration. Courtesy of MISC Berhad MISC’s subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time
EverWind Fuels, a Nova Scotia-based developer of green hydrogen and ammonia production, and Svitzer, a Danish towage operator and part of A.P. Moller-Maersk, have signed a memorandum of understanding (MOU) to deploy one of the world’s first green fuel-powered commercial tug vessels in the Canso Strait in Nova Scotia. Illustration.
Oilfield services provider Baker Hughes has secured a new service contract for the maintenance and monitoring of turbomachinery equipment operations at Coral Sul FLNG, the first deepwater floating liquefied natural gas (LNG) unit operating off the coast of Mozambique on the Eni-led Coral South project. Baker Hughes announced on Friday