Pan American Energy CEO claims Argentina needs to build more LNG capacity to accelerate the development of its largest shale play Vaca Muerta, located in Neuquén Basin. Courtesy of PAE Reuters reports that, due to tendencies for bigger profitability caused by the coronavirus pandemic, many producers switch from gas to
The EU should promote the use of green hydrogen and ammonia by ships as part of its upcoming maritime fuel law, major shipping industry players and environmentalists have told the European Commission. The new law, better known as the FuelEU Maritime initiative, will require ships carrying EU trade to progressively
Malaysian company MISC’s very large ethane carrier (VLEC) Seri Everest completed its maiden cargo discharge at Lianyungang port, Jiangsu province, China. Courtesy of MISC The vessel’s first cargo of more than 51,000 metric tonnes of ethane was discharged on 28 February 2021 at the ethylene plant. Seri Everest’s loading and
Vienna-based international oil, gas, and chemicals company OMV plans to build a pilot plant at its Schwechat refinery to produce second-generation biofuels to reduce carbon emissions. Courtesy of OMV AG The ‘Glycerin2Propanol’ pilot plant will be built beside the ReOil® plant. Its construction will start in the second quarter of
Global energy giant Shell marked another milestone for its liquefied natural gas (LNG) marine fuels business with the charter of a new LNG bunkering supply vessel being constructed in Spain. Courtesy of Shell The company noted in its statement that the new charter will add further flexibility to customers on
The London-based maritime industry information provider Baltic Exchange put into operation a new set of independent indices for the LNG seaborne trade. Courtesy of Baltic Exchange They are based on the carriers burning LNG, rather than marine fuel oil or marine gas oil, as their primary fuel, and are published
French liquefied natural gas containment specialist GTT has been contracted by Beijing Gas Group (BGG) for the construction of up to six LNG tanks at the Tianjin Nangang terminal. Courtesy of GTT GTT said on Wednesday the agreement covers the collaboration for the second and third phases of the terminal
Oil major ExxonMobil has revealed its capital spending in 2021 will be in the range of $16 billion to $19 billion as well as its plans to focus on developing technologies to reduce emissions, especially carbon capture and storage technology, and eliminate routine flaring by 2030. ExxonMobil’s 2021-2025 capital program
Spanish ferry operator Baleària said its LNG-fueled fast-ferry Eleanor Roosevelt has kicked off sea trials. Courtesy of Baleària The construction of the vessel, being completed at the Armon shipyard in Gijón has entered the final phase. One of the purposes of the sea trials is to calibrate the propulsion and
Japan’s Mitsui has invested in Storegga Geotechnologies, the lead developer of the Acorn carbon capture and storage (CCS) project off the UK. Mitsui said on Tuesday that it took a 15.4 per cent share in Storegga Geotechnologies which is developing the Acorn CCS project to inject and store CO2 emissions
