South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) is off to a strong start to the year revealing a third shipbuilding deal this week. The company said in a stock exchange filing that it had won a contract for the construction of two very large gas carriers (VLGCs).
Oil and gas giant Shell has officially restarted LNG cargo operations at its Prelude Floating Liquified Natural Gas (FLNG) facility following almost a month of suspension. The company shut down the production at the FLNG facility offshore Australia after a fire broke out in December 2022. At the time, Shell
Clean Hydrogen Joint Undertaking, also known as the Clean Hydrogen Partnership, has launched its 2023 call for proposals for the development of clean hydrogen technologies. The call was launched on 17 January with a total of €195 million to be made available for projects that support the creation of cutting-edge
The construction of ESL Shipping’s energy-efficient plug-in hybrid vessels at the Chowgule Shipyard in India is progressing according to schedule, the Finnish dry bulk shipping company said. Block assembly of the first two vessels, Electramar and Stellamar, is currently progressing in four parts: aft and forward sections are assembled separately and joined together
The Shipping Corporation of India (SCI) will be required to retrofit at least two ships to run on green hydrogen or other green hydrogen-derived fuels by 2027 as part of India’s decarbonization plans. India has declared that it plans to become energy independent by 2047 and a net zero country
Image credit Hapag-Lloyd A colossal containership has hit the waters at Daewoo Shipbuilding and Marine Engineering (DSME) yard in Geoje, South Korea. The 23,660 TEU vessel goes under the name Baltic Express and it is being built for the German liner shipping major Hapag-Lloyd. Berlin Express is an LNG dual-fuel
Italy’s energy infrastructure operator Snam has revealed its plans to invest a total of €10 billion ($10.8 billion) by 2026 in strengthening its transport, storage and LNG business to contribute to the country’s energy security. Courtesy of Snam The investment is part of Snam’s 2022-2026 Strategy Plan, which was approved by the board of
Norwegian shipowner Höegh LNG has signed its second binding time charter contract with the German Federal Ministry for Economic Affairs and Climate Action (BMWK) for the floating storage and regasification unit (FSRU). Under the 10-year contract, FSRU Höegh Gannet will be allocated to the new liquefied natural gas (LNG) import terminal
ACWA Power, a Saudi developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, Uzbekistan’s Ministry of Energy, and Uzkimyosanoat, an Uzbekistan-owned chemical company, have signed extensive heads of terms agreements to develop a green hydrogen facility and a green ammonia pilot project in the Central
US energy company NextDecade has entered into a sale and purchase agreement (SPA) with Japanese general trading company ITOCHU Corporation for the supply of liquefied natural gas (LNG) from its Rio Grande LNG export project in Brownsville, Texas. Under the agreement, ITOCHU will purchase 1.0 million tonnes per annum (mtpa) of