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EU reaches agreement on higher renewable energy target for 2030

31 Mar No Comments gregsamuel_e5x9azx4 LNG World News

The European Union has reached a provisional deal to raise the share of renewables in its final energy consumption to 42.5% by 2030, under the revision of the Renewable Energy Directive (RED). European Union flag (Courtesy of the European Commission/Photo by Mauro Bottaro) European Union flag (Courtesy of the European

Chevron, Marathon Oil and Equatorial Guinea govt pursuing further development of Gas Mega Hub

31 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Houston-based energy company Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, has inked a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Chevron’s Noble Energy E.G. Ltd, to move forward with the next phases in the development of Equatorial Guinea’s Gas Mega Hub (GMH).  Marathon Oil Marathon Oil

17 companies embark upon GoodShipping’s insetting initiative

31 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Seventeen companies are collaborating with shipping company Samskip to reduce carbon dioxide emissions by using sustainable biofuel to ship their products on board Samskip’s vessels. Image credit: GoodShipping The initiative, called “insetting,” is promoted by GoodShipping, which provides the opportunity for shippers to transport their freight sustainably, reducing their carbon

CMES firms up deal to build 2+4 methanol-powered ROROs

31 Mar No Comments gregsamuel_e5x9azx4 LNG World News

China Merchants Energy Shipping (CMES) has signed a deal with China Merchants Industry for the construction of two methanol-powered dual-fuel Roll-on/roll-off (RORO) ships. Illustration; Image credit CMES The company said that the contract for the two firm 9,3000 CEU RoRo vessels includes options for additional four ships of the same size. CMES will

HyEkoTank project moves forward as partners discuss procedures

30 Mar No Comments gregsamuel_e5x9azx4 LNG World News

HyEkoTank project partners have discussed the procedures that the consortium will follow during the project’s implementation period as well as the work to be carried out in the upcoming period. Courtesy of TECO 2030 The consortium includes TECO 2030 AS, Shell International Exploration and Production Bv, Fartygskonstruktioner AB, Umoe Advanced

MEYER Group gives a glimpse of future fossil fuel-free cruise ships

30 Mar No Comments gregsamuel_e5x9azx4 LNG World News

MEYER Group, an international consortium specializing in cruise shipbuilding, has presented a cruise ship concept that manages without fossil fuels. Courtesy of MEYER Group MEYER presented the “Reverse” concept – a concept that shows what a cruise ship could look like in the year 2100 – at the global cruise

ATS and CMB.TECH roll out world’s 1st hydrogen-powered straddle carrier

30 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Antwerp Terminal Services (ATS), a joint venture between MSC PSA Europe Terminal (MPET) and PSA Antwerp (PSAA), today officially launched the world’s first H2 dual fuel straddle carrier in the Port of Antwerp. Image credit CMB The straddle carrier uses H2 dual fuel combustion engine technology, developed by Antwerp-based cleantech

China completes first yuan-settled international LNG trade

30 Mar No Comments gregsamuel_e5x9azx4 LNG World News

Chinese oil and gas player CNOOC and French energy giant TotalEnergies have completed China’s first yuan-settled LNG trade through the Chinese energy trading centre Shanghai Petroleum and Natural Gas Exchange (SHPGX). Illustration only; Archive. Courtesy of CNOOC According to SHPGX’s statement from 28 March, TotalEnergies supplied CNOOC with approximately 65,000

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