“It is quite clear that liquid hydrogen is the cheapest option. It is much cheaper than ammonia when you look at the whole cycle of putting the hydrogen into the ammonia and taking the hydrogen out. If you can have liquid hydrogen which is stored without loss or very low loss, then liquid hydrogen i
US LNG company Sempra Infrastructure has signed a long-term sale and purchase agreement (SPA) with French utility firm Engie for the supply of liquefied natural gas (LNG) from Phase 1 of its proposed Port Arthur LNG project under development in Jefferson County, Texas. Engie will purchase approximat
Japan’s oil and gas producer Inpex has executed a joint research agreement with Japan Organization for Metals and Energy Security (JOGMEC) to evaluate the potential of the Bonaparte Basin in Australia to become a large-scale carbon storage location. The parties will conduct joint research to support
While tackling the energy trilemma, BP has been working on multiple projects and three of these are on track to start up next year.
Japanese shipping major Kawasaki Kisen Kaisha Ltd (K Line) has laid out its short-term investment plans in a newly released report, earmarking a significant portion for environmental initiatives. “First of all, we aim to invest a total of ¥250.0 billion ($1.85 billion), within the amount of operatin
Commodities trading group Trafigura has entered into a $3 billion four-year loan agreement guaranteed by the Federal Republic of Germany to secure gas supply. The loan is jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating ban
Yinson Production, through its wholly-owned subsidiary, Yinson Azalea Production Pte Ltd, has entered into an agreement for preliminary activities with Azule Energy, through its wholly-owned subsidiary Eni Angola S.p.A, for the Agogo project in Angola. Under the agreement, the parties will commence
China Merchants Energy Shipping (CMES) has revealed another order for two 175,000 cbm LNG carriers at compatriot shipbuilder Dalian Shipbuilding Industry Company. The company plans to allocate up to $235 million per vessel, pushing the total to $470 million. The shipping heavyweight said that the ve
South Korean shipyard Samsung Heavy Industries (SHI) has ordered the tank design for seven new LNG carriers from the French LNG containment specialist GTT. The order was placed on behalf of a Europan and an American ship owner. For this project, GTT will design the tanks of seven vessels, which will
Total capital expenditures (capex) for oil and gas exploration in Africa rose from $3.4 billion in 2020 to $5.1 billion in 2022.
Gas systems operators from Greece, Bulgaria, Romania and Hungary have signed a memorandum of understanding (MoU) with the purpose to cooperate on the realisation of the Vertical Corridor, which will enable bi-directional flows of natural gas from North to South and from South to North. The MoU was s
China’s Wuhu Shipyard has launched a self-unloading bulk carrier powered by liquefied natural gas (LNG) for Norway’s shipping company Seaworks AS.
US LNG company Sempra Infrastructure has concluded a long-term sale and purchase agreement (SPA) with London-based energy player INEOS for the supply of LNG from Phase 1 of its Port Arthur LNG project under development in Jefferson County, Texas. As per the agreement, INEOS will purchase approximate
Nordic energy company Gasum has completed the first delivery of liquefied natural gas (LNG) to Containerships, a subsidiary of French shipping giant CMA CGM. According to Gasum’s social media update, the delivery was made to the LNG-fueled Containerships Borealis off Bornholm, Denmark. Containership
