Weekly LNG exports increased week over week, while Henry Hub spot prices lowered, according to the U.S. Energy Information Administration (EIA) report. Courtesy of Cheniere For the period between 16 September and 22 September, in its latest Short-Term Energy Outlook, EIA reports that the Henry Hub spot price fell from
U.S. classification society American Bureau of Shipping (ABS) and South Korean shipyard Hyundai Heavy Industries (HHI) have completed a joint development project to develop an optimized LNG carrier design. Illustration only; Courtesy of HHI The project resulted in a new LNG carrier hull design, as well as optimization of the machinery, electrical,
Danish shipping giant A.P. Moller – Maersk has made an investment in US-based startup company Prometheus Fuels focused on developing cost-efficient, carbon-neutral eFuels for shipping. This investment is made through Maersk Growth, the corporate venture unit of A.P. Moller – Maersk. The company expects several fuels to exist alongside in
UK’s oil and gas regulator has launched a decarbonisation competition for the electrification of offshore oil and gas installations following the government’s commitment in the North Sea Transition Deal to support the funding for early-stage electrification studies by the end of 2021. Source: OGA The Oil and Gas Authority (OGA)
The Finnish technology group Wärtsilä and the Finnish–Swedish ferry operator Wasaline have signed a ten-year optimised maintenance agreement for the Aurora Botnia LNG-powered ferry. Courtesy of Wasaline The parties signed the deal back in June 2021, but it became effective only in September. The Aurora Botnia is a 150-metre car and passenger
Germany’s boat builder Fassmer Shipyard and compatriot electric drive system provider Torqeedo have developed a fully electric ferry concept for public transport — the Fassmer CIT-E Ferry powered by a Torqeedo integrated drive system. Image Courtesy: Torqeedo As explained, the CIT-E Ferry can be operated in inner-city waterways cost-effectively —
South Korean shipyard Hyundai Sahmo Heavy Industries (HSHI) has ordered French containment specialist GTT’s tank design for two new LNG carriers on behalf of a European ship-owner. Courtesy of GTT HSHI ordered GTT‘s design and associated engineering services for the tanks of two new LNG carrier vessels. The vessels in
U.S.-based gas-to-power developer New Fortress Energy has executed a term loan facility secured by eight of the company’s vessels. Illustration only; Courtesy of New Fortress Energy Initially, NFE made a borrow of $430 million. It can now borrow up to $725 million under the shipping facility. The shipping facility has
The classification society American Bureau of Shipping (ABS) has granted approval in principle (AiP) to French engineering firm GTT and Finnish ship designer Deltamarin for the Aframax LNG tanker design. Illustration only: Deltamarin and GTT Newcastlemax bulk carrier design; Courtesy of Deltamarin The ABS approval warrants that the onboard integration
U.S. LNG project developer Tellurian has appointed James D. Bennett as a new independent board member. Tellurian names James D. Bennett to Board of Directors; Courtesy of Business Wire Energy and financial industry veteran James D. Bennett served as the former president and CEO of SandRidge Energy. Previously, he held
Anglo-Dutch energy major Shell has awarded a contract to Penguin International Ltd, a Singapore-based designer, builder and owner of aluminium high-speed craft, to design, build, and operate at least three pure electric ferries and shore chargers in Singapore. Courtesy of Penguin/Incat Crowther UK Once operational, the newbuilds will be the
Lloyd’s Register (LR), Korea Shipbuilding & Offshore Engineering (KSOE) and Hyundai Heavy Industries (HHI) have signed a Memorandum of Understanding (MoU) to develop digital twin technology for an LNG carrier. The agreement was signed at Gastech 2021 to support the digitalisation of the maritime industry and the growing demand for