Although many shipyards around the globe have been facing order stagnation caused by COVID-19 crisis, the situation seems to be different for South Korean shipbuilders that just secured another round of containership orders. On 9 March 2021, Samsung Heavy Industries (SHI) revealed in a stock exchange filing a KRW 794.2
U.S. oil major Chevron has reaffirmed its lower budget plans, doubled its savings estimate from the takeover of Noble Energy, and set new goals for reducing carbon emissions with expectations to invest about $3 billion in the coming years to further its energy transition efforts. At its annual investor meeting
Gasum, the Nordic energy company, obtained a distribution license for liquefied natural gas (LNG) in France. Courtesy of Gasum The new LNG distribution license, obtained on 17 February 2021, will allow Gasum to deliver to maritime customers in France and to offer LNG to a larger number of customers. The
Dutch LNG infrastructure specialist Rolande has partnered up with the logistics company Hoyer Group to make cross-card acceptance possible at LNG/CNG filling stations. Courtesy of Rolande This acceptance agreement allows refueling using different petrol cards. It will enable payment with the HoyerCard.Europe at Rolande stations and vice versa. Both companies
Italian oil and gas company Eni reached an agreement to sell its shares in its entities in Pakistan to Prime International Oil&Gas Company. Prime International Oil&Gas Company is a newly established company formed by former Eni’s local team and Hub Power Company, the first and the largest independent Pakistani power
French major Total has appointed Stéphane Michel as the new president of gas, renewables & power (GRP). Courtesy of Total Michel has also been added as a member of the Total executive committee, effective 1 March 2021. The position was previously held by Philippe Sauquet, who left due to retirement.
South Florida-based ocean energy company OceanBased Perpetual Energy has signed a four-year contract to produce commercial-grade green hydrogen for South Carolina engineering firm Summit Worx. OceanBased will produce hydrogen using electrolysis powered solely by electricity generated from the perpetual flow of Florida’s Gulf Stream. Summit Worx will assist OceanBased in
EnfraGen, owned by Glenfarne Group and Partners Group, acquired the largest natural gas-fired power plant in Western Colombia. Illustration. Coutesy of EnfraGen EnfraGen noted in its statement it has acquired the Termovalle facility from Juneau Business, Termovalle Investment and Altra Private Equity Funds. With an installed capacity of 241 MW,
Contract Power will build, own, operate and maintain the power generation and LNG storage and regasification facilities for Strandline’s Coburn mineral sands project in Western Australia. Courtesy of Strandline A subsidiary of Pacific Energy, Contract Power Australia, signed a 15-year electricity supply agreement with mineral sands developer Strandline Resources. Contract
Norway-based classification society DNV (formerly DNV GL) has awarded approval in principle (AiP) to South Korean shipbuilder Hyundai Mipo Dockyard (HMD) for a new design of intra-Europe 1,900 TEU feeder container ships. As informed, the AiP is the result of a joint development project between DNV and HMD to develop