Offshore Energy continues with its new In focus weekly feature, spotlighting the latest energy transition developments, after our first edition went online on 16 April. Following last week’s news on the U.S. oil giant Chevron’s entrance into the offshore wind market and note that the company has not yet announced
Maritime classification society and technical services provider Lloyd’s Register Group (LR) has awarded an Approval in Principle for Tsuneishi Shipbuilding’s Kamsarmax design. Courtesy of Lloyd’s Register The Kamsarmax bulk carrier is equipped with a fuel gas supply system (FGSS) and IMO Type-C LNG tank, meaning LNG fuel can be used
Canadian ferry operator BC Ferries has marked Earth Day on 22 April with the launch of its sixth battery electric- hybrid Island-class ferry. This embedded content is only visible after accepting cookies. Change your preferences [embedded content] The vessel entered the water early Wednesday morning at Damen Shipyards Galati in
The Mauritius Commercial Bank (MCB) is facilitating Senegal’s transition to LNG for its electricity production through its $60 million participation in Karpowership operations. Courtesy of Karpowership The project finance facility is enabling Turkey’s floating power plant company Karpowership to operate its 235-megawatt Powership alongside the shores of Dakar, through its
Italian classification society RINA has been contracted by Vopak to provide engineering and consultancy services in support of the latter’s LNG growth strategy. Courtesy of RINA The three-year framework covers global onshore facilities, offshore floating technologies and marine structures, RINA said in its statement on Friday. The company will deliver
Norway’s Equinor and its partners Petoro, Total, Neptune, and Wintershall Dea have decided to develop the Askeladd Vest project, which is located in the southern Barents Sea. The investment in the project is close to NOK 3.2 billion (about $384 million), Equinor said on Friday. Geir Tungesvik, Equinor’s senior vice
During the year in which the effects of the Coronavirus pandemic were felt across the globe, creating a worst economic situation since the great depression, Asian LNG markets have shown great resilience. Illustration purposes only (Courtesy of SHI) Asian LNG demand increased by 6 Mt in 2020, led by China
UK’s hydrogen and CCS project HyNet North West has received £72m funding, marking a major step forward in UK’s drive to net-zero. Courtesy of HyNet The funding comprises £33 million from UK Research and Innovation (UKRI) through the Industrial Decarbonisation Challenge (IDC) fund, and £39 million of consortium partner contribution.
Liquefied natural gas (LNG) exports from the United States have remained flat this week, with Henry Hub prices going up, according to data from the Energy Information Administration (EIA). Courtesy of Cheniere EIA noted that for the week between 15 April 21 April, a total of 20 vessels departed the
The first Turkish-flagged floating storage and regasification unit (FSRU) Ertuglrul Gazi has arrived at Dörtyol port. Courtesy of Botas The FSRU is anchored at the port in Dörtyol, a city in Hatay Province, after finishing its certification. It completed its sea trials in March. Ertuglrul Gazi is to contribute to
French energy major Total has expanded its fleet with the addition of NYK Line’s liquefied natural gas carrier LNG Adventure. LNG Adventure (Courtesy of SHI) The vessel capable of 174,000 cubic meters of the chilled fuel has been built by the South Korean shipyard Samsung Heavy Industries. The yard delivered
Norway-based shipping firm Avance Gas Holding has increased its dual-fuel VLGC newbuilding program from four to six 91,000 cbm vessels. The order comes just a few months after the most recent fleet addition deal announced back in January. The latest two newbuilds will also be built by South Korean major