A broad coalition of energy providers, shipping companies and NGOs has called on the EU to introduce a minimum quota of at least 6% sustainable and scalable hydrogen fuels by 2030. Source: T&E Last year, the European Commission proposed a shipping fuel law (FuelEU Maritime Regulation) aimed at increasing the
Korean public LNG company Korea Gas Corporation (KOGAS) and French energy giant TotalEnergies have signed an LNG trading business deal. Courtesy of KOGAS On 15 June, KOGAS said in a statement that it signed a memorandum of understanding with TotalEnergies to lay the foundation for strategic long-term cooperation on LNG.
Ellen, the world’s longest-ranging fully electric ferry, set a new world record on 9 June in Sønderborg, Denmark, during the International Energy Agency (IEA) 7th Annual Global Conference on Energy Efficiency. Courtesy of Danfoss On its return from the conference, Ellen sailed 50 nautical miles – 92 kilometres – on
Finnish shipping company ESL Shipping will become the first shipping company to start utilizing new low-emission Neste Marine 0.1 co-processed marine fuel in its vessels in Finland and Sweden. Courtesy of Neste The ISCC PLUS certified marine fuel enables up to 80% reduced greenhouse gas emissions over the life cycle
Oil and gas giant BP has inked the 30-year production sharing contracts (PSCs) for two deepwater exploration blocks located offshore Indonesia. The PSC signing between BP and the government of Indonesia for Agung l and Agung ll exploration blocks comes following the decision to award the two gas blocks to
U.S. LNG export project developer Cheniere Energy will repurchase $350 million of the company’s common shares owned by American conglomerate Icahn Enterprises. Illustration; Courtesy of Cheniere On 15 June, Cheniere said it entered into a purchase agreement to buy back approximately $350 million of its common shares owned by Carl
Italian oil and gas company Eni has introduced the first hydrocarbons from the Coral South field located offshore Mozambique to the Coral-Sul FLNG vessel. Eni, as Upstream Delegated Operator of Area 4 on behalf of its partners – ExxonMobil, CNPC, GALP, KOGAS and ENH – revealed on Saturday that the
Shipping joint venture Proman Stena Bulk has taken delivery of the first of six 49,900 dwt methanol-powered dual-fuel medium-range tankers. Courtesy of Proman Stena Bulk The newbuild, Stena Pro Patria, is preparing for commercial operation, Swedish shipping company Stena Bulk and Swiss methanol producer Proman confirmed. Launched in autumn 2021,
Swedish energy systems provider Echandia has received a second order from compatriot company Green City Ferries AB. Photo: Echandia Green City Ferries is expanding its waterborne public transport in Stockholm with another zero-emission Beluga24 vessel. The Beluga24 is the world’s first fully emission-free, high-speed, carbon fiber catamaran, and Echandia has
Green hydrogen, often seen as a critical enabler of the global transition to sustainable energy and net zero emissions economies, continues to be a major subject of interest for the industry players worldwide. The recent surge in activity in the market is opening the door for new developments with one
OCI NV, a producer and distributor of natural gas-based fertilizers and industrial chemicals based in the Netherlands, has made a final investment decision (FID) for the first phase of its ammonia import terminal expansion project at the Port of Rotterdam. As disclosed, the expansion will be developed under a staged
