According to research by Rystad Energy, global LNG investments will peak at $42 billion in 2024, which is a 50 per cent jump from current spending.
South Korean shipbuilder Samsung Heavy Industries (SHI) has laid keel for Sammy Ofer 15,000 TEU dual-fuel containership at its Geoje yard. The LNG-powered vessel is scheduled to join the fleet of Israeli shipping company ZIM Integrated Shipping Services in 2023 under a long-term charter agreement. T
Offshore Energies UK (OEUK) warns that more investment is required in oil and gas reserves to maintain production and ensure energy security.
U.S. firm Energy Transfer will supply LNG to energy giant Shell from its Lake Charles LNG export facility under a 20-year agreement.
Himalaya Shipping, a Bermuda-based bulk carrier company, has decided to install scrubbers on the entire fleet of twelve vessels presently under construction at New Times Shipyard (NTS) in China. The shipowner said that installation would be carried out within the previously agreed delivery schedule
Japanese shipping major Mitsui O.S.K. Lines (MOL) has placed an order for four Capesize bulkers and two Very Large Crude Carriers (VLCC) powered by LNG as their main fuel, cementing its efforts in having 90 LNG fueled ships by 2030. The four 210,000 DWT-class Capesize bulkers will be built by CSSC Q
Australian energy major Woodside and U.S. engineering firm Bechtel have started construction on the project site of the second train at the Pluto LNG export facility in Western Australia.
Miami-based Storylines residential ships and Brodosplit shipyard in Split, Croatia, have signed a construction contract to build the world’s first private residence ship that will be powered by LNG. Brodosplit, part of the DIV Group, has commenced the engineering phase of the 753-foot (229 meters) p
After the award of acreage off Australia, Inpex, Woodside and Total Energies will evaluate the potential for a hub-scale CCS project.
U.S. liquified natural gas exporter Freeport LNG aims to restart most of the production from its Texas facility by late November and be fully operational by March.
UK-based LNG company Avenir LNG has teamed up with Croatian company Prvo Plinarsko Društvo (PPD) on the sale and distribution of LNG from the Krk LNG terminal to Northern Italy and the eastern European countries.
UK-based maritime service provider Global Maritime Services has launched a marine advisory service for floating storage and regasification unit (FSRUs) and liquified natural gas (LNG) sector ventures.
Searcher Seismic has received approval from the Government of the Republic of Trinidad and Tobago for the Tobago Trough multi-client 3D acquisition project. The acquisition is planned as a 6,500 km² wide-tow long streamer acquisition and processed through to Pre Stack Depth Migration. It will commen
Finland-based ferry company Viking Line has managed to cut emissions from its vessels by 30 percent per nautical mile since 2008, the company revealed. The ferry owner and operator ascribed the success to a variety of measures, the greatest contributor being the € 450 million investment in the two c
