Australian oil and gas company Beach Energy has confirmed finalisation and signing of the LNG sale and purchase agreement (SPA) with BP Singapore, a unit of UK-based energy giant BP. Illustration only; Karratha gas plant; Courtesy of Woodside Back in September 2021, the parties signed a deal regarding the supply
Belgian shipping company Exmar has signed an agreement with Italian oil and gas company Eni for the sale of Tango FLNG. Courtesy of Exmar Therefore, Eni acquired the company Export LNG, which owns the Tango FLNG floating liquefaction facility, from the Exmar group. The facility will be used by Eni
Approximately 31 million tonnes of green methanol would be required to replace the diesel fuel now burned by the North American Waterborne Transportation (NAWT) fleet, an analysis of the carbon footprint and emissions-free fuel requirement for the NAWT business has shown. The analysis was presented in a report released by
The last weeks witnessed the major industry players joining forces for energy transition programs and decarbonising their operations and production. By working together, they will be able to achieve the climate goals faster, ensuring that energy transition mechanisms become more attainable and cheaper. Such an example is given by Ping Petroleum,
U.S. energy company New Fortress Energy (NFE) has signed a deal with compatriot hydrogen company Plug Power for a 120-megawatt industrial-scale green hydrogen plant near Beaumont, Texas. Illustration only; Courtesy of New Fortress Energy On 4 August, New Fortress Energy announced that it entered an agreement with Plug Power, a provider
Japanese shipbuilder Kawasaki Heavy Industries has concluded a shipbuilding contract for an LPG and liquified ammonia gas carrier with compatriot shipowner Nippon Yusen Kabushiki Kaisha (NYK). The 86,700 m3 LP/NH3 carrier will be powered by LPG fuel and it is such vessel ordered by NYK. It is equipped with separate cargo
According to the Energy Information Administration (EIA) report, LNG exports from the U.S. increased by four LNG carriers from last week, while Henry Hub spot prices dropped. Illustration only; Courtesy of GasLog In the latest Short-Term Energy Outlook for the week between 28 July and 3 August, EIA reports 22 LNG vessels
High-power fuel cell manufacturer HELION Hydrogen Power has obtained approval in principle (AiP) from the classification society Bureau Veritas (BV) for its FC-Rack Marine, a zero-emission hydrogen-powered electric generator for maritime applications. Courtesy of Bureau Veritas The approval is said to be the result of a close collaboration between HELION
U.S. LNG project developer Tellurian reports a 47 per cent increase in natural gas production for the second quarter of 2022. Courtesy of Tellurian On 3 August, Tellurian reported it ended the second quarter with $823 million of cash on hand. During the quarter, it generated $61.3 million in revenues