Equinor has more than doubled its annual profit in 2022, setting a new record driven by higher energy prices and growing demand. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss out on
Montenegro’s Minister of Finance, Aleksandar Damjanović, and representatives of the United States (US) Department of State have discussed the economic relations between the two countries with an emphasis on cooperation in the field of energy, agreeing to take action in regard to the Bar LNG terminal. Courtesy of Montenegro’s Ministry
French LNG expert Elengy, a part of ENGIE Group, has teamed up with compatriot solutions operator Delta Rail to launch a new LNG container loading service from multimodal platforms remote from the LNG terminals operated by Elengy. Namely, Elengy operates Montoir-de-Bretagne on the Atlantic coast, Fos Cavaou and Fos Tonkin
Brazilian energy companies Comerc Eficiência and Casa dos Ventos have signed a Memorandum of Understanding (MoU), that includes ammonia, with the TransHydrogen Alliance (THA), a consortium formed by Proton Ventures, GES, Trammo DMCC, and Varo Energy, whose objective is to create new supply chains for the energy transition of European
Maritime and Port Authority of Singapore (MPA) has decided to discontinue the 50% harbour craft port dues concession which was launched in 2021 for floating storage units (FSUs) / floating storage regasification units (FSRUs) supporting LNG bunkering and breakbulk activities in port. The discontinuation with immediate effect was announced in
After boosting its annual profits in 2022, TotalEnergies plans to strengthen its position in Europe by pursuing further LNG growth. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss out on any
A.P. Moller Maersk has been a strong supporter of decarbonization in the maritime industry and it is targeting to become a net zero-company by 2040. Nevertheless, despite strong ambitions and targets, the business works in such a way that achieving these targets is often impacted by market conditions and supply
Sweden-based OX2 has entered into a partnership with the Norwegian consumer goods company Orkla to supply green hydrogen to the company’s Haraldsby factory in Åland. The aim of the cooperation is to assess and plan the supply of hydrogen from 2025. The hydrogen for Orkla’s factory in Saltvik, Åland would
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has reached a new milestone for its LNG-powered, wind-assisted CO2 transportation ships. According to the project’s update on social media, the steel cutting for the CO2 transportation tanks has been carried out at Watts Energy. Courtesy of Northern Lights The
Technology company IDTechEx has forecasted that the water electrolyzer market will grow to over $120 billion by 2033. Courtesy of IDTechEx In its ‘Green Hydrogen Production: Electrolyzer Markets 2023-2033’ report, IDTechEx noted that the plans from the European Union (EU), from the RePowerEU strategy, and the USA, from the inflation