Australian energy giant Santos has decided to provide the company’s managing director and chief executive officer (CEO) with a one-off growth projects incentive to ensure successful delivery of Santos’ major growth projects and energy transition strategy to 2025. Santos said on Monday that the company’s share price more than doubled
The Finnish technology group Wärtsilä has been contracted to convert the close to 90 MW Bel-Air power plant in Dakar, Senegal to operate on liquefied natural gas (LNG). Courtesy of Wärtsilä The plant, which is owned by Senelec, Senegal’s public utility company, currently operates on heavy fuel oil. The conversion
South Korean shipping company Pan Ocean is continuing its expansion into the LNG market with a charter deal for an LNG bunkering vessel. Illustration only (Courtesy of Shell) The company said on Monday it has entered into a time-charter deal with Shell for an LNG bunkering vessel. The contract is
South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) has resumed its winning streak having secured orders for three liquefied petroleum gas (LPG) carriers. KSOE’s business arm Hyundai Samho Heavy Industries has won a contract for the construction of two LPG carriers worth KRW 176 billion ($ 157 million).
Norwegian shipowner Hagland Shipping has entered into a contract with Dutch shipbuilder Royal Bodewes for the construction of two eco-friendly self-discharging bulk carriers of 5,000 dwt. As explained, the contract, worth about NOK 280 million ($33 million), emphasizes zero emissions at harbor and substantial reduction of emissions during sailing. Hagland
Bergen LNG, Norway’s first LNG bunkering ship, has been completed and is now ready for its gas trials. The conversion project was announced back in August 2019 as part of Bergen Tankers’ long-term charter with Gasnor, a part of Royal Dutch Shell. Norwegian shipbuilder Westcon Yards was in charge of
Danish investment fund manager Navigare Capital Partners has taken delivery of its first liquefied natural gas (LNG) carrier, Marvel Swan. Courtesy of Pronav In a brief statement through its social media channels, Pronav Ship Management, part of the Schulte Group, said it has taken the LNG carrier into its full
German shipbuilder Meyer Werft hosted a keel laying ceremony for Disney Wish, the first of three new ships ordered by the US-based cruise company Disney Cruise Line that will feature environmentally friendly technologies. The ship will be powered by liquified natural gas, or LNG, one of the cleanest-burning fuels available.
French liquefied natural gas (LNG) containment specialist GTT, has been contracted to design tanks for two very large ethane carriers (VLECs). Courtesy of GTT/Roland Mouron The order has been placed by the South Korean Hyundai Heavy Industries (HHI) shipyard, on behalf of an Asian shipowner. GTT said in its statement
Japan’s Chiyoda Corporation has joined the Hydrogen Utilization Study Group in Chubu, with the aim to study the potential for large-scale hydrogen use. Courtesy of Chiyoda Corp The group will also look into the potential of building a supply chain for stable utilization of hydrogen in Chubu. The group includes
Puget LNG, a unit of Puget Energy, is the latest LNG supplier to join the liquefied natural gas bunkering coalition, SEA-LNG. Courtesy of Puget LNG In its statement on Thursday, the cross-industry coalition noted that Puget LNG strengthens its membership base in the North American west coast. Puget LNG has
