With the global energy crisis still running the show, Wood Mackenzie has outlined ten predictions for the energy industry in 2023.
Boluda Towage, part of Spain’s Boluda Corporación Marítima, has dispatched four tugs to Lubmin, a small port located in the German Bay of Greifswald in the Baltic Sea region. The company has played a central role in the planning for the maneuvering of the floating storage and regasification unit (FS
Planned investments in gas infrastructure amounting to $245 billion across Africa, are in danger of turning into stranded assets.
The year behind us was marked by a plethora of challenges which have impacted the global energy industry, including liquefied natural gas (LNG) sector. Geopolitical turmoils followed by the worldwide energy crisis culminated in the ongoing race for the security of diverse supplies, with LNG taking t
Among the top deals, which have been awarded in 2022 are the ones secured by the U.S.-based McDermott and Italy’s Saipem.
MacGregor, part of Cargotec, has secured a large order to supply RoRo equipment for two 6,900 CEU Pure Car and Truck Carriers (PCTCs) to be built at Shin Kurushima Toyohashi Shipbuilding for K Line in Japan. The order was booked into Cargotec’s 2022 third-quarter order intake. The first vessel is sc
Bermuda-based owner and operator of liquefied gas carriers Seapeak has completed the acquisition of Danish shipping company Evergas. On 29 December, Seapeak, formerly known as Teekay LNG Partners, said it had completed the previously announced acquisition of Greenship Gas Trust and Greenship Gas Man
Russia’s state-owned shipping company Sovcomflot (SCF Group) has welcomed into the fleet a new generation LNG-fuelled Aframax oil tanker Okeanskiy Prospekt. The 112,650 dwt ship was built at the Zvezda SSC in Primorsky Territory, and its construction was financed by the Russian state development cor
Spanish LNG terminal operator Reganosa has upgraded the jetty at its Mugardos LNG import terminal in the port of Ferrol as part of the modernisation plans. According to Rgeanosa, the modernisation works have increased the facility’s versatility which will now be able to operate not only large and me
Japan, the world’s top importer of LNG, is working with marine insurers in the country to ensure LNG imports from Russia are not jeopardized in the wake of the latest sanctions against Moscow. Three companies from Japan, Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, and Mitsui Sumito
South Korean shipbuilder Hyundai Samho Heavy Industries hosted keel laying ceremonies for two LNG carriers on the same day earlier this week. The keels were laid for two 174,000 cbm LNG carriers that are being built for Norway-based Knutsen OAS Shipping AS. The vessels will be classed by Lloyd’s Reg
Russia’s power generating company EL5-Energo has signed a contract with compatriot natural gas producer Novatek to supply green electricity from a wind farm to the Cryogas-Vysotsk LNG project. Under the contract, the energy of EL5-Energo’s wind farm with an installed capacity of 90 MW will be suppli
German bank KfW IPEX-Bank has revealed it will provide financing in the amount of €30 million for compatriot shipping company TT-Line’s dual-fuel roll-on/roll-off passenger (RoPax) ferry.
US LNG company Sempra Infrastructure has finalised a long-term sale and purchase agreement with RWE Supply & Trading, a subsidiary of RWE, for the supply of liquefied natural gas (LNG) from its Port Arthur LNG Phase 1 project under development in Jefferson County, Texas. Under the agreement, approxi
