French LNG containment specialist GTT has finished the 2022 financial year with solid results, expecting market growth in the coming years. Illustration / Courtesy of GTT / Zéphyr and Borée It had consolidated revenues of €307.3 million and consolidated EBITDA of €161.1 million. As pointed out in the report, it
U.S. energy infrastructure company New Fortress Energy (NFE) has awarded an engineering and project management contract for the conversion of three jack-up rigs destined for the Gulf of Mexico to Zentech, a Houston-based marine engineering firm. Zentech Zentech Technical Services Incorporated (Zentech) disclosed the award of marine engineering scope by
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has delivered the 7th LNG carrier to Greece-based shipowner Capital Product Partners (CPLP). Image credit: Jerry Kalogiratos; CEO & Director at Capital Product Partners L.P. The shipping company bought the 174,000 cbm LNG carrier Asterix I in June 2022 while the vessel was
GeelongPort and Fortescue Future Industries (FFI) have signed a Memorandum of Understanding (Mou) to undertake a joint feasibility study to construct a green hydrogen production facility in Geelong, Australia. GeelongPort Under the MoU, the partners will investigate the suitability and environmental benefits of a green hydrogen production facility at GeelongPort.
DNV is launching the second phase of a joint industry project (JIP) aiming to develop the first guideline for the transport of hydrogen in existing and new offshore pipelines. A modern hydrogen tank for renewable energy. 3D illustration. Source: DNV The second phase of the H2Pipe project will see the
Germany’s Securing Energy for Europe (SEFE), former Gazprom Germania GmbH, has appointed Chief Executive Officer (CEO), Chief Commercial Officer (CCO) and Chief Sales Officer (CSO) to fill key positions in its new leadership model. llustration; Courtesy of SEFE Group SEFE said that the new appointments are the result of the company’s
Chinese shipbuilder Hudong-Zhonghua has independently developed and designed a B -type LNG containment system with completely independent intellectual property rights and officially started the construction. Courtesy of Hudong-Zhonghua The B-type containment system can carry -163 °C of liquefied natural gas (LNG) and has a high utilisation rate of tank capacity,
Princess Dapeng, the world’s largest shallow draft LNG carrier, has been named and delivered to Chinese natural gas distribution company Shenzhen Gas. Courtesy of Hudong Zhonghua According to the ship’s builder Hudong Zhonghua, the 80,000 cbm vessel was named and delivered at CSSC Changxing Shipbuilding Base on 18 February. Said
Even though it is an industry which is seeing major growth, European offshore wind saw no investments in an offshore wind farm in 2022 (except in a few small floating wind projects). Oil companies are also tip-toeing around new capital investments. Meanwhile, in the shipping sector, deals on new, greener