According to research by Rystad Energy, global LNG investments will peak at $42 billion in 2024, a 50 per cent jump from current spending. Illustration only; Courtesy of Bechtel As the global energy crisis deepens , investments in new LNG infrastructure are set to surge, reaching $42 billion annually in
South Korean shipbuilder Samsung Heavy Industries (SHI) has laid keel for Sammy Ofer 15,000 TEU dual-fuel containership at its Geoje yard. The LNG-powered vessel is scheduled to join the fleet of Israeli shipping company ZIM Integrated Shipping Services in 2023 under a long-term charter agreement. The vessel will serve the carrier’s Asia –
U.S. classification society American Bureau of Shipping (ABS) highlights methanol as a promising fuel source for the global fleet as a pathway to carbon neutrality through green methanol. Illustration only; Courtesy of Maersk Methanol also brings practical benefits related to ease of storage and handling, and tank-to-wake carbon intensity reduction.
Norway’s government agency responsible for the regulation of petroleum resources believes that the country’s gas can enable Europe to achieve its energy transition goals. To make this happen, investments in unlocking new oil and gas resources and improving the recovery from existing ones are important to limit the production decline
TotalEnergies Marine Fuels has completed the first refueling of a COSCO Shipping Lines containership with sustainable marine biofuel. This is TotalEnergies’ first biofuel bunkering operation for a containership in Singapore. TotalEnergies Marine Fuels Completes COSCO SHIPPING Lines’ First Bunkering of Marine Biofuel; Courtesy of TotalEnergies On 11 July, the 4,250
Amidst the current energy supply crisis, domestic gas producers have boosted their production to meet the demand, however, the UK’s representative body for the offshore energy industry, Offshore Energies UK (OEUK), warns that more investment is required in oil and gas reserves to maintain production and ensure energy security. Offshore Energies
U.S. firm Energy Transfer will supply LNG to energy giant Shell from its Lake Charles LNG export facility under a 20-year agreement. Lake Charles LNG; Courtesy of Energy Transfer On 24 August, Energy Transfer announced its subsidiary, Energy Transfer LNG Export, has entered into a 20-year LNG sale and purchase agreement
210,000 dwt bulk carriers owned by Himalaya Shipping; Image source: ABB Himalaya Shipping, a Bermuda-based bulk carrier company, has decided to install scrubbers on the entire fleet of twelve vessels presently under construction at New Times Shipyard (NTS) in China. The shipowner said that installation would be carried out within
Japanese shipping major Mitsui O.S.K. Lines (MOL) has placed an order for four Capesize bulkers and two Very Large Crude Carriers (VLCC) powered by LNG as their main fuel, cementing its efforts in having 90 LNG fueled ships by 2030. The four 210,000 DWT-class Capesize bulkers will be built by
Danish green hydrogen fuel provider Everfuel plans to build a hydrogen hub in Holstebro to support regional energy transition and accelerate the scale-up of green hydrogen as a zero-emission fuel. Courtesy of Everfuel Everfuel says it will develop the hub in two phases in collaboration with partners, with the aim