With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?
Oilfield services provider Saipem and engineering, procurement, and construction (EPC) services provider CTCI have commissioned and started up Nong Fab LNG receiving terminal in Thailand. According to Saipem, the terminal, with a capacity of 7.5 million metric tonnes per annum, will receive LNG from
US-based liquefied natural gas (LNG) company Excelerate Energy has secured a 5-year extension of its time charter agreement with Dubai Supply Authority (DUSUP) for the FSRU Explorer. Commenting on the announcement, Excelerate said it looks forward to continuing the partnership with DUSUP and remains
UK-based small-scale LNG company Avenir LNG and Shanghai SIPG Energy Service (SSES), a subsidiary of Shanghai International Port Group (SIPG), have delivered LNG to ZIM Integrated Shipping Services’ first LNG-fueled containership. According to Avenir, the 15,000 TEU ZIM Sammy Ofer was bunkered with
Bloom Energy, a US-based green energy company, has revealed that, in the first major marine deployment, its fuel cells demonstrated a significant increase in electrical efficiency. The 150kW solid oxide fuel cell platform provided auxiliary power to the luxury cruise ship called MSC World Europa whi
Conversion of GasLog’s DNV-classed LNG carrier Gaslog Chelsea, which was recently renamed as Alexandroupolis, to a floating storage regasification unit (FSRU) has kicked off at the Keppel shipyard in Singapore. This marks the beginning of the work to develop Greece’s first FSRU which will serve as a
Germany-based energy company Uniper has reported that, on 28 February 2023, the final acceptance audit took place at the Wilhelmshaven LNG terminal allowing for the start of regular operations as of 1 March 2023. The audit was made by the responsible authorities under the leadership of the Oldenburg
On February 27, an LNG-fueled pure car and truck carrier (PCTC) entered the Credit: Port of Hiroshima for the first time.
The third large-scale liquefied natural gas (LNG) carrier built by Chinese shipyard Hudong – Zhonghua Shipbuilding for compatriot shipowner COSCO Shipping Lines and energy firm China National Petroleum Corporation (CNPC) has completed its gas and routine sea trials, setting a new record for the ship
The Ministry of Energy of the Republic of Lithuania has reported that in 2022, the amount of gas imported through the Klaipėda liquefied natural gas (LNG) terminal almost doubled. More specifically, 5 million cubic meters or 32.22 TWh of natural gas was delivered. The ministry also said that gas imp
South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has received an order for three liquefied natural gas (LNG) carriers.
US-based companies Excelerate Energy and Venture Global LNG have formed a new strategic partnership by executing a 20-year LNG sale and purchase agreement (SPA). The deal will see Excelerate purchase 0.7 million tonnes per annum (mtpa) of LNG on a free-on-board (FOB) basis from Venture Global’s Plaq
Mitsubishi Heavy Industries (MHI) and Mitsubishi Heavy Industries Marine Machinery and Equipment (MHI-MME), a wholly-owned operating company of MHI, have conducted demonstration testing of 100 kW class cryogenic ORC (organic rankine cycle) power generation using the world’s first next-generation oil
The U.S. ports are expected to build out nearly $50 billion in green infrastructure over the next decade – and hydrogen is set to play a significant role in the industry’s plans, a recent survey from the American Association of Port Authorities (AAPA) shows. The survey covered AAPA’s membership and
