With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition? Premium content Checking for account. You need javascript to validate
Oilfield services provider Saipem and engineering, procurement, and construction (EPC) services provider CTCI have commissioned and started up Nong Fab LNG receiving terminal in Thailand. Courtesy of Saipem (LinkedIn) According to Saipem, the terminal, with a capacity of 7.5 million metric tonnes per annum, will receive LNG from carriers where
Swedish company PowerCell has inked a contract to provide hydrogen solutions for two state ferries that operate on Norway’s longest ferry connection. PowerCell Credit: PowerCell As informed, the agreement was signed between PowerCell and SEAM. The Norwegian government has set as a requirement that the new ferries across the Vestfjorden
Norwegian shipowner Höegh Autoliners has agreed with the owner of the leased vessel Höegh Berlin to terminate the bareboat charter and purchase the vessel for a price of $34.25 million. Courtesy of Höegh Autoliners According to Höegh Autoliners, the vessel was taken over on 1 March 2023. Höegh Berlin, built
US-based liquefied natural gas (LNG) company Excelerate Energy has secured a 5-year extension of its time charter agreement with Dubai Supply Authority (DUSUP) for the FSRU Explorer. Courtesy of Excelerate Energy (LinkedIn) Commenting on the announcement, Excelerate said it looks forward to continuing the partnership with DUSUP and remains committed
Construction has begun on AAL Shipping’s (AAL) first Super B-Class dual-fuel-ready heavy lift multipurpose vessel (MPV). AAL Shipping Credit: AAL Shipping AAL Limassol is the first of AAL Shipping’s order of six 32,000 dwt dual-fuel ready newbuild vessels to undergo construction, billed to enter the water in 2024 The beginning of
UK-based small-scale LNG company Avenir LNG and Shanghai SIPG Energy Service (SSES), a subsidiary of Shanghai International Port Group (SIPG), have delivered LNG to ZIM Integrated Shipping Services’ first LNG-fueled containership. Courtesy of Avenir LNG According to Avenir, the 15,000 TEU ZIM Sammy Ofer was bunkered with LNG on 2 March
FlagshipONE plant, expected to be Europe’s largest commercial production facility for carbon-neutral marine fuels, will use a technology package from German company Siemens Energy. Illustration / Courtesy of Ørsted The package comprises four proton exchange membrane (PEM) electrolysers with a total capacity of 70 megawatts (MW), as well as the
Bloom Energy, a US-based green energy company, has revealed that, in the first major marine deployment, its fuel cells demonstrated a significant increase in electrical efficiency. Courtesy of MSC Cruises The 150kW solid oxide fuel cell platform provided auxiliary power to the luxury cruise ship called MSC World Europa while
Tokyo-based shipping company IINO Kaiun Kaisha has conducted a trial on one of its chemical tankers using a marine biofuel blend delivered by British oil and gas company BP in Singapore. Chemroad Echo. Courtesy of IINO Kaiun Kaisha On 18 December 2022, IINO’s chemical tanker Chemroad Echo was supplied with