NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has achieved financial close on the mega green hydrogen production facility in Saudi Arabia at a total investment value of $8.4 billion. Image: NEOM The financial close was reached following the signing of financial
Nordic energy company Gasum has terminated the long-term natural gas supply contract with Russia’s Gazprom Export while the long-term LNG supply contract between the two companies remains in place. Courtesy of Gasum On 22 May 2023, Gasum announced its decision to terminate the natural gas supply contract following Gazprom Export’s
Dalian Shipbuilding (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has kicked off construction of another LNG-powered 16,000 TEU containership for Swiss shipping giant Mediterranean Shipping Company (MSC). Courtesy of CSSC The construction of the ship began on 15 May with the steel-cutting ceremony at DSIC’s Tianjin Base. The ship
The retrofitting cost of an existing ship fitted with a two-stroke engine to a dual-fuel engine should not exceed 25 percent of the ship’s newbuilding cost, according to an assessment from DNV and MAN Energy Solutions. Illustration; MAN Engine 6L4960DF; Courtesy: MAN Energy Solutions The duo carried out an analysis
Compression is a viable alternative and low-cost delivery method for the regional transport of hydrogen, Australian Provaris Energy found in its latest report comparing the delivery cost of hydrogen for three hydrogen energy sectors. Illustration of the H2Leo floating storage integrated with H2Neo 430t carrier for loading/unloading. Courtesy of Provaris
Home Hydrogen In focus: Energy security in Europe – New links to strengthen the chain Premium May 19, 2023, by Adrijana Buljan This article is exclusive for subscribers Popular Monthly subscription € 6,00/ month Features Pay monthly Monthly cancellable Weekly premium update in your mailbox Subscribe and keep reading Starter
The winds of change, which are sweeping over the global energy industry, will be increasing their intensity over the coming years with no corner of the world left unaffected, including the Middle East. This region carved its place in the energy sector, thanks to the oil and gas boom, however,
Ammonia power solutions company Amogy Inc., shipping company Skansi Offshore and system developer and integrator SEAM have signed a Memorandum of Understanding (MoU) to investigate potential technology collaboration in the field of ammonia application, with the common goal of decarbonising the offshore industry. Illustration; Courtesy of Amogy According to Amogy,
China Merchants Energy Shipping (CMES), listed on the Shanghai Stock Exchange, has announced plans to order additional Aframaxes and LNG carriers. Illustration; Image c redit: CMES The decision was made during the Twenty-Second Meeting of the Board of Directors, with the board approving the construction of two new-generation Aframax oil
Classification society American Bureau of Shipping (ABS) is using advanced modelling and simulation technologies to develop emergency response methods to assist ports and crew in responding to ammonia leaks or spills. Courtesy of ABS ABS informed it combined the modelling and simulation techniques with Computational Fluid Dynamics (CFD) to create