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Chevron triples capital investment to drive lower carbon ambitions

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

U.S. oil major Chevron Corporation has revealed plans to triple its total capital investment to $10 billion through 2028, listed its growth targets for renewable fuels, hydrogen, and carbon capture through 2030, and reaffirmed its guidance of $25 billion excess cash generation over the next five years. Chevron’s Energy Transition

AES to buy 49.9% stake in AES Colón LNG plant

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

The U.S. energy company AES Corporation will acquire a 49.9 per cent stake in AES Colón LNG plant, increasing its ownership to 100 per cent. AES Colon; Courtesy of AES Panama AES Colón includes a 381-megawatt LNG-fired power plant and a 180,000 cubic metres LNG storage and regasification facility. Originally,

Asian spot LNG prices reach seasonal record

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Asian spot LNG prices rose to their highest recorded seasonal level due to European customers competing for limited supply, Reuters reported last week. Illustration only; Courtesy of KOGAS This record in Asian LNG prices was reached last week. Citing industry sources, Reuters informed the average LNG price for October delivery

Maersk CEO demands end date for fossil fuel use in shipping

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Søren Skou, CEO of the world’s biggest container shipping company Maersk, has called on the UN maritime body to determine the end date for the use of fossil fuels in the shipping industry. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Want

Horisont Energi applies for CO2 storage license off Norway

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Horisont Energi has submitted an application for a license to establish the Polaris CO2 storage facility off the coast of Finnmark, Norway. The purpose of the permit application is to establish storage for CO2 that is captured during the large-scale production of clean ammonia at the planned Barents Blue plant

World’s 1st LNG-fueled VLCC wraps up sea trials

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Dalian Shipbuilding (DSCI), a subsidiary of China State Shipbuilding Corporation, said the world’s first LNG-fueled very large crude carrier (VLCC) has completed its sea trials in Chinese waters. Courtesy of DSIC The Yuan Rui Yang is a VLCC that COSCO Shipping ordered as a standard fuel ship. However, COSCO signed

JERA invests in Hydrogenious LOHC Technologies

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

JERA Americas, a US-based subsidiary of the Japanese energy giant, makes a $17.7 million investment in German hydrogen technologies company Hydrogenious LOHC. Illustration only; Courtesy of JERA Hydrogenious LOHC was founded in 2013. Meanwhile, it has grown to a market-leading pioneer for liquid organic hydrogen carrier (LOHC). Its basic concept

Sinopec completes first large LNG-powered vessel bunkering

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News, Uncategorized

China Petroleum & Chemical Corporation (Sinopec) has completed its first bunkering operation of a large LNG-powered vessel with more than 250 tonnes bunkered on the Salamanca ship. Courtesy of Sinopec Sinopec’s unit Sinopec Fuel Oil Sales bunkered the chilled fuel for the vessel “W0269” in the Chinese province of Shandong.

Santos and Timor-Leste to work on CCS at Bayu-Undan field

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Australian energy giant Santos has signed a Memorandum of Understanding (MOU) with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais (ANPM) to progress carbon capture and storage (CCS) at Bayu-Undan gas and condensate field located in the Timor Sea. Santos is the operator of the Bayu-Undan Joint Venture with

MOL signs charter deals for 4 new LNG carriers

14 Sep No Comments gregsamuel_e5x9azx4 LNG World News

Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has signed charter deals with Novatek Gas and Power Asia, a subsidiary of Russia’s PAO Novatek for four newbuilding liquefied natural gas (LNG) carriers. As disclosed, the vessels will be constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME), and are slated

Samsung Heavy eyes Russian icebreaking LNG carriers order

13 Sep No Comments gregsamuel_e5x9azx4 LNG World News

South Korean shipbuilder Samsung Heavy Industries has been in talks with Russian contractors to build icebreaking LNG carriers for $2.6 billion. Courtesy of Samsung Heavy Yonhap reports that the shipbuilder said it is in final talks with Russian contractors. The negotiations concern building the vessels that would transport the LNG

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