The Norwegian Ministry of Energy has approved PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, as operator and partner with Horisont Energi in the only CO2 storage located in the Barents Sea. Source: Horisont Energi Horisont Energi and PUN announced a sales purchase agreement on December 11, 2023, making PUN
South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has received orders to build two very large ammonia carriers (VLAC) and two liquefied petroleum gas (LPG) carriers. LPG Carrier/Illustration; Image by KSOE As disclosed, the company will build two ammonia carriers under a KRW 317 billion
LNG shipping company Flex LNG will take redelivery of the 2019-built Flex Constellation as the carrier’s current charterer, a trading house, has decided not to exercise its extension option. Courtesy of Flex LNG Flex Constellation was fixed on a three-year time charter on May 17, 2021, with an option to
Denmark has announced its Green Fuels Alliance India (GFAI) initiative in a bid to boost collaborative efforts between the two countries in the sustainable energy solutions sector and advance their joint global goal towards carbon neutrality. Maersk Led by the Danish Embassy and the Consulate General of Denmark in India,
Lithuanian energy terminal operator Klaipedos Nafta (KN) has secured the public tender for the commercial management of four German liquefied natural gas (LNG) terminals on the North Sea coast. Archive. Courtesy of Niedersachsen Ports Specifically, the company has signed a contract with German state-owned Deutsche Energy Terminal (DET), which, on
The first next-generation methanol-ready multipurpose vessel being built in China for Singapore-based shipping company AAL Shipping has been launched. In late December 2023, AAL Limassol was floated out into the water from dry dock and moved to pier at the CSSC HuangPu WenChong Shipyard. AAL Limassol is the first of
Canadian shipowner Seaspan Energy has launched its first of three 7600 cbm LNG bunkering vessels, Seaspan Garibaldi. Seaspan Seaspan Garibaldi measures 112.8 meters in length, 18.6 meters in width, and 5 meters in draft, with a design speed of 13 knots. The LNG bunkering vessel, like its sister vessels, is
Israel’s inaugural floating liquefied natural gas (FLNG) terminal has received its maiden shipment of LNG from BP, marking the commencement of its commercial operations, as reported by local media. During the inauguration ceremony on January 24, energy officials praised the FLNG import terminal for its capability to alleviate Israel’s gas
Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. Courtesy of Capital Ship Management The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this
Vitol Asia, a unit of a Switzerland-based energy and commodities company Vitol, and GAIL (India), the largest natural gas supplier under India’s Ministry of Petroleum and Natural Gas, have signed a deal for the annual supply of approximately one million metric tons of LNG for a period of approximately 10