French shipping major CMA CGM has selected Wärtsilä, the Finnish technology group, to supply a range of solutions for its new LNG-fuelled container ships and support its maritime decarbonisation operations. The CMA CGM vessels will be fitted with a broad range of Wärtsilä engines, systems and solutions.(Source: CMA CGM/Wärtsilä) The
Energy transition company Sound Energy has completed the previously announced LNG sale and purchase agreement with Moroccan LPG distributor Afriquia Gaz. Courtesy of Sound Energy Sound Energy announced the entry of binding conditional agreements regarding an $18 million Phase 1 Tendrara LNG development loan note financing. It also announced that
State-owned giant QatarEnergy has awarded a major engineering, procurement, construction, and installation (EPCI) contract for the offshore scope of its North Field Expansion Project in Qatar to McDermott. QatarEnegy, formerly known as Qatar Petroleum, said on Monday that the expansion project will increase Qatar’s liquefied natural gas (LNG) production capacity
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Earlier this month, the German consortium has welcomed a new emission-free hydrogen-fueled tugboat Elektra at Berlin’s largest inland port Westhafen. Following the two-year construction at the shipyard Hermann Barthel in Derben, the vessel is now ready for testing, the project partners informed. Since 2016, the consortium has been working on
The energy transition process is moving ahead with each passing day as witnessed in a week behind us with a lot of announcements highlighting the net-zero future. A good example of the will to change comes from CNOOC Petroleum Europe and Flotation Energy, currently involved in a project which would
S&P Global Platts Analytics, a provider of commodities and energy information, expects the Middle East to struggle in its quest to reach the previously announced net-zero targets as emissions from the oil and gas industry are expected to climb for years, while global emissions are set to grow in the period
Malaysia’s state-owned Petronas is anticipating further uncertainty for the oil and gas business as the energy transition sets new challenges and spreads over the sector. In its annual Petronas Activity Outlook (PAO) for 2022-2024, which was released on Tuesday, Petronas offered insights into industry trends, demand outlook and the firm’s
Pacific Ineos Belstaff, the world’s largest very large ethane carrier (VLEC), has been named and delivered in China. Photo: CSSC The naming and delivery ceremony took place at Shanghai Jiangnan Changxing Heavy Industry shipyard on 28 December 2021, China State Shipbuilding Corporation (CSSC), the parent company of the shipyard, said. Pacific
On 28 December, the groundbreaking ceremony was held for the third liquified natural gas (LNG) carrier built by the Chinese shipyard Hudong-Zhonghua Shipbuilding for the leasing entity of the CSSC Group. Groundbreaking ceremony (Courtesy of Hudong-Zhonghua) The ship is the third 174,000 cubic metres LNG carrier built for the leasing