Gunvor Group, an independent trader of liquefied natural gas (LNG), has renewed its syndicated borrowing base facility to support the working capital needs of the company’s growing LNG activities globally. According to Gunvor, the syndication, signed at $1.135 billion in 2021, launched at $1.2 billion and was oversubscribed, with lenders
In pursuit of accelerating the transition to clean energy, the Scottish government has released a draft energy strategy, which aims to shape the country’s next 25 years of energy production. This includes the possibility of reducing oil and gas production and putting an end to new oil and gas exploration
Lady Maria Fisher, the second LNG dual-fuel tanker built for British marine engineering services provider James Fisher, has completed sea trials. Courtesy of James Fisher Tankships According to James Fisher’s social media update from 10 January, the sea trials “ran smoothly despite the three-day delay caused by the weather conditions”.
CIMC Blue Water, a subsidiary of CIMC Enric Holdings, has delivered a batch of 29 LNG conversion vessels to its customer Zhuhai Port Shipping Company, a subsidiary of Zhuhai Port Holdings Group. Courtesy of CIMC Enric This is the largest delivery of a single batch of oil-to-gas converted vessels in
The Biden-Harris Administration has released the U.S. National Blueprint for Transportation Decarbonization, an interagency framework of strategies and actions to remove all emissions from the transportation sector by 2050. The document builds upon the memorandum of understanding Departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency signed
UK’s cleantech company Silverstream Technologies has signed a deal with China Merchants Energy Shipping (CMES) to install its air lubrication technology on four 175,000cbm LNG carriers being built at Dalian Shipbuilding Industry Company (DSIC). The agreement includes four firm installations of the Silverstream System and two options. The company said that
Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy, has received an order to deliver two 30-tonnes-per-day (TPD) hydrogen liquefaction systems (hydrogen liquefiers) to TC Energy Corporation, North America’s energy infrastructure company. Plug said that the two hydrogen liquefiers are scheduled for delivery in Q2-Q3
Deutsche Umwelthilfe e.V. (DUH), a non-profit environmental and consumer protection association, has filed an objection to the operating license and water law permit of the floating storage and regasification unit (FSRU) Höegh Esperanza in Wilhelmshaven. The floating LNG terminal in Wilhelmshaven was put into operation in December 2022 following the