TotalEnergies is investing massively in renewable energy and clean and sustainable fuels, with one third of its investments now being made in these sectors as the company, most of whose currently operational projects are still in the oil & gas sector, moves towards a goal of having 50 per cent
Orient Express, part of Paris-based hotel conglomerate Accor, has unveiled the world’s largest wind-assisted sailing ship that will also run on liquified natural gas (LNG). The project was developed in cooperation with compatriot shipbuilding company Chantiers de l’Atlantique and with the consultation of Hetland Maritime. Nantes-based design company Stirling Design International is
Abu Dhabi National Oil Company (ADNOC), a provider of lower-carbon intensity energy, has established ADNOC Gas, a new world-scale gas company that will combine the operations, maintenance, and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global consolidated business. The new flagship, effective 1 January 2023,
Norwegian shipping company Knutsen has taken delivery of a newbuild liquefied natural gas (LNG) carrier Ferrol Knutsen from South Korean Hyundai Samho Heavy Industries (HSHI) shipyard. Courtesy of Knutsen LNG France The delivery of another 174,000 cbm LNG carrier was confirmed in a social media update by Knutsen Group on
UK-headquartered energy giant Shell has highlighted five trends in its energy sector outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon sources. Shell’s energy outlook for 2023, which was published earlier this week, points out that the energy transition is not something that can
Oil and gas major Shell led the global long-term liquefied natural gas (LNG) import contract volumes signed by key purchasing companies in 2022, with a contracted capacity of 6.7 million tonnes per annum (mtpa), data and analytics company GlobalData found in its new report. According to GlobalData’s report titled “Long-Term
Australian Provaris Energy has signed a Memorandum of Understanding (MoU) with Norwegian Hydrogen AS, a developer of hydrogen production hubs and value chains, to collaborate on the development of green hydrogen value chain projects in the Nordics, Europe. Courtesy of Provaris Energy The scope of the MoU will focus on
South Korean shipbuilders secured the largest market share for high-value-added, eco-friendly vessel orders in 2022, bagging 58 percent of the total ordering tally for the year. This equals 149 vessels or 12.0 million compensated gross tonnage (CGT) out of 270 vessels (20.8 million CGT) ordered in 2022, data from South
US-based shipowner Eagle Bulk Shipping announced that one of its bulkers has completed a voyage using biofuel. M/V Stamford Eagle, an Ultramax bulk carrier built in 2016, carried out the voyage in cooperation with the global mining and metallurgy group Eramet and its subsidiary Eramet Norway. The ship used GoodFuels MDF1-100 sustainable biofuel, providing an approximately
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