Australia’s Woodside Petroleum on Thursday reported a jump in revenue in the fourth quarter of 2020, as oil and gas prices increased. Courtesy of Woodside The company reported sales revenue of $920 million, up 32 per cent from the third quarter 2020 figures. However, there was a significant drop from
NextDecade Corporation has appointed Brent E. Wahl as a chief financial officer. Courtesy of NextDecade Brent E. Wahl takes the new role in the company from 1 February 2021. Wahl replaces Benjamin A. Atkins. Wahl, who has more than 20 years of experience in the energy industry, previously served as
Mott MacDonald has secured a technical integration and optimization contract for NortH2, the largest green hydrogen project in Europe. As lead technical integration consultant, Mott MacDonald will collate, evaluate and develop the potential technical solutions required to realize the project. The company will also provide cost, scheduling and risk management
Austal Australia has launched the VOLTA series of electric-powered high speed ferry solutions, with the introduction of the Passenger Express 46V, a fully electric-powered 46 metre catamaran ferry design. Austal’s new VOLTA series includes on-shore charging infrastructure and in-service support programs for operators. The vessels combine light-weight, low-resistance hull forms,
Ørsted has chosen Denmark-based Green Hydrogen Systems (GHS) as the supplier of electrolysis technology for the H2RES offshore wind-to-hydrogen demonstration project. The 2 MW electrolysis plant at the Avedøre Power Station will be built around GHS modular electrolysers powered by two 3.6 MW offshore wind turbines. GHS, one of the
Gasum, the Nordic energy company, sees the potential of increased investment in future projects due to the price increase of LNG. Courtesy of Gasum In this week’s analysis, Gasum reports that the Risavika LNG reached 30.20 Euro per megawatt-hour. European gas prices remained supported by tight supply and cold weather.
DEME’s dual fuel trailing suction hopper dredger (TSHD) ‘Scheldt River’ is currently conducting maintenance dredging operations on the Scheldt. During the work, TSHD ‘Scheldt River’ will be operating on LNG. Last week, the vessel became the first dredger to be bunkered with LNG in the Port of Antwerp, near the
TFG Marine, a joint venture bunker company formed by commodity trader Trafigura and shipping firms Frontline and Golden Ocean in 2020, will start bunkering operations this month for vessels at the Falmouth Anchorage, off the South West Coast of the United Kingdom, the company said. Trafigura has contracted with Falmouth
The United States on Tuesday imposed sanctions on a ship involved in building the Nord Stream 2 pipeline, as the Trump administration sought to raise pressure on the project on its last day in office. According to a Reuters article, the U.S. Treasury Department imposed the sanctions on the Fortuna
Flex Volunteer, the shipping company’s twelfth LNG carrier, was delivered from South Korea ahead of its schedule. Courtesy of Flex LNG Flex LNG took delivery of the newbuild on 20 January 2021, expanding the number of its fleet to twelve vessels. Flex Volunteer came from Hyundai Samho Heavy about five
HAM and LIMAGAS Movilidad built the first LNG gas stations in Peru and the first CNG service stations in the Cuzco region of Peru. Courtesy of HAM HAM Group, Spanish natural liquefied gas (LNG) and natural compressed gas (CNG) service company, teamed up with LIMAGAS Movilidad, an investee company by Lipigas
Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021. The project, to be built at Avedøre Holme in Copenhagen, will comprise a 2 MW electrolysis plant with appurtenant hydrogen storage, with the production powered